Wednesday, September 30, 2020
No menu items!
  • News
  • XRP News
  • Contact Us
More

    Ripple XRP Is a Confirmed Scam, I’m Selling Every Last Cent –Crypto Bitlord

    Must Read

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks....
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    A popular and controversial crypto pundit, identified on Twitter as Crypto Bitlord, has recently taken to Twitter to call the Ripple’s digital token XRP a confirmed scam, adding that he intends to sell off his XRP holdings. But David Gokhshtein has a contrary opinion.

    Wide Criticism of XRP

    XRP has been widely criticized over the years, due to its slow growth in terms of price despite partnerships and developments that are targeted at increasing the reach of its use cases.

    The fact that Ripple owns the most part of XRP makes many members of the cryptocurrency community, including some XRP enthusiasts, to keep blaming the payment firm for the lackluster growth of XRP over the years and year-to-date.

    Actually, Ripple, the US-based payment firm owns relatively 60% of all XRP in existence and created an escrow program in late 2017 to manage its holdings.

    The firm unlocks one billion XRP from escrow at the beginning of each month, sells a portion, and returns the rest back into escrow. For this reason and others, Ripple is marked culpable for the slow growth of XRP.

    Crypto Bitlord Says Ripple XRP is a Confirmed Scam

    In the tweet that has attracted hundreds of reactions, the controversial cryptocurrency enthusiast, Crypto Bitlord, told his over 120,000 followers that XRP is a confirmed scam, stating that he has the intention to sell all his XRP holdings.

    In the tweet, Bitlord mentioned Ripple’s act of dumping the cryptocurrency on innocent investors without restriction. Contrary to the general belief in the XRP community, he believes that banks and financial institutions don’t need XRP.

    Crypto Bitlord tweeted, “I’m sad to announce but XRP Ripple is: A CONFIRMED SCAM. After years of watching them dump on us and delivering nothing to the token but shit I’ve cracked the code. THEY DONT NEED XRP. If you read this, dump it -I’m selling every last cent. FUCK BRAD AND FUCK RIPPLE.”

    Ripple XRP Is a Confirmed Scam, I’m Selling Every Last Sent –Crypto Bitlord

    David Gokhshtein Has a Contrary Opinion

    David Gokhshtein, a member and contributing writer at Forbes Finance Council, who is also a diehard member of XRP community, stated that whoever calls XRP a scam is tactically waiting for holders to dump it, in order for him/her to buy more.

    Gokhshtein tweeted, “Anyone who calls XRP a scam is trying to get your bags.”

    Join us on Twitter

    Join us on Telegram

    Join us on Facebook




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about the bankers’ digital token from...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks. A blog post that explains...

    Cardano (ADA) You Keep On Crypto Exchanges Don’t Belong To You –User Buttresses His Viewpoint

    A supposed Cardano investor has recently averred that any ADA holder that chose to keep his/her holdings on cryptocurrency exchanges has little control over...

    KuCoin Hack Update: $152.7M in Ethereum, $4.4M in XRP and Other Assets Bring Total Loss to Nearly $200M

    According to an update regarding the historic hack of KuCoin, where several millions of dollars were carted away by con artists in the industry,...

    More Articles Like This