/biz/ - Business & Finance

>>25572528
xsg already has seen this but most of them are jerking off about other stuff.

PHASE 1 OF ISO20022 migration, NOV20 literally the same day both XLM and XRP tripled and algo went up as well. i think XDC went up too.

>>25279183
the mistake is to assume all of the xrp is held by retail investors like people on twitter and that banks are going to buy back from retail. of course wallets are anonymous, but if you look at the wallet stats, there is only 300k-400k cold wallets with between 1k-800k xrp or something. ive tallied it up and its like 6 billion xrp. thats only 6% of the total supply in cold wallets. now if you assume that millions of normies are holding on exchanges, thats possible, and there could be another 12 or 20 billion held on exchanges, but even then, thats not the entire supply, and i personally believe most of the xrp is not held by retail investors but rather that banks have already bought in. i cannot produce hard evidence of this, but there are some hints:


when xrp pumped 300% in 2 days on nov 20, was it retail who did that? for an 11 billoin mcap coin and 24 hour volume in the billions? are you telling me every single crypto normie just bought xrp in the same day and perfectly synchronized unconsciously?

MOREOVER, why did XLM follow the price increase? XLM had nothing to do with the airdrop yet it pumped 300% also? ALGO also pumped to 40 cents.

so apparently we are supposed to believe that normies pumped billions in volume synchronously in a 24-72 hour period because of the flare airdrop which was announced for days? why did the price not pump slowly over weeks? why did it all occur on one day? please dont tell me it was just FOMO that is really a cheap copout. why did all 3 of these coins pump? XLM and ALGO have nothing to do with flare. but they are supposedly ISO20022 coins and have very heavy institutional ties. also pic related, you can see that the pump occurred 3 days before the ISO20022 migration for banks. could be just a coincidence. could not be. the point i am making is that everyone is making assumptions but iso20022 coin holders are not being illogical or just idiots

>>24429800
sorry this is the correct pic, look at the date
'nov23' banks are already accumulating and buying us out so they can avoid the heavy premium

>>24350912
the price action recently happened days before the initiation of phase 1 of the iso20022 migration. pic rel. it cant get anmore obvious that this little pump is just the foreshadow of whatt is 2 come.

Look out for ISO20022 and Fedwire on twitter or in the news

G20 Recap as well

According to Deutsche Bank, the 23rd of November 2020 is Phase 1 of a "BIG BANG" implementation to #ISO20022 migration
https://coil.com/p/sorrell_hodlco/-Big-Bang-migration-into-the-ISO-20022-digital-standard-is-imminent-Is-the-US-FED-already-ahead-/I-fNIPs9l