/biz/ - Business & Finance

>>5903899

Someone needs to warn you that the banks do in fact have a plan. And it's a better plan than the one the rest of the crypto industry has. I want you guys to keep your gains, so I'm telling you what you need to buy in order to keep and increase them.

>>5838022

To keep the poors (You) from loading your bags with it.

>>5798738
>banks trying to hoard BTC/ETH

Read my pasta in this post >>5797565
That theory is idiotic and I explain why.

>>5797100

He put a few tens of $millions into it a while ago and made good money on it. That's nothing compared to the tens of $Trillions that are waiting on the sidelines and WILL MOVE into the cryptocurrency that is chosen by the banks and governments.

>>5796981

>Not even buying the next world reserve currency for less than $3.

I don't know what you're studying but there's no way you're in graduate school for economics. Load up your bags with XRP and become a millionaire.

>>5750114

>how bout you faggots acquire an applicable skill in the real world

No.

>>5750258

The banks don't want to collect all of your precious BTC and ETHemon. They don't want your 7 transactions per second, 15 minute block times, and $30 fees. They want you to use a currency that they issue and track. They want to issue it, so they can inflate it and give it to their friends first. And they want to track it so that they can assess sales and income taxes.

There is no "SCARCE" or rare cryptocurrency. It doesn't matter if it only has 16 million units or 16 trillion, especially since they are all divisible by 8 decimals. All that matters is that as many people as possible are willing to trade goods and services for said currency.

XRP is the bank, billionaire, trillionaire, fortune 500, government cryptocurrency. In their mercy for the thousandaires, they've been telegraphing this for a very long time. The market cap of all global paper and electronic currency is about $90 Trillion. If major retailers, such as Amazon, Target, Walmart, Starbucks, McDonalds, etc announce that they will sell products for XRP, market adoption will be very fast and Trillions of dollars will flow into XRP.

Another retarded part of this theory is the claim that the banks want to hoard all the BTC and ETH so they can use it to buy into new ICO's. That would simply result in the banks dis-hoarding their BTC and ETH and releasing it back into the marketplace and they would then be holding bags of various shitcoins.

To summarize this absolutely idiotic theory:
> 1) Banks create Ripple (I agree with only this part)
> 2) Banks trick the market into trading BTC and ETH for XRP, so the banks can hodl the precious BTC and ETH
> 3) Banks then trade the BTC and ETH for shitcoin ICOs.
> 4) ...
> 5) Profit?

>>5745098

I'm cooking up more pastas every day. Soon I will be turing complete.

>>5743785

We're going to war against all you morons who are going to prevent people from making lifechanging amounts of money during the global financial reset. We are making sure as many thousandaires as possible become millionaires. Load up your bags and become a millionaire.

>>5735736

If you don't want to buy the new global reserve currency when it's $2, that's OK. I respect your decision.

ONE CRYPTO TO RULE THEM ALL.

>>5732307

Around 2006 I started learning about macroeconomics, Austrian economics and gold and silver from a libertarian college professor. In August 2007 I went all in on gold when the ECB and Fed pumped about $200B in one day. I new about Bitcoin in 2009, but also thought it would not become huge because of the 7 TPS and inability to scale on the blockchain. I thought the economy would collapse back then, but I underestimated the ability of the world's central banks to cooperate in coordinated money printing. When it became obvious that crypto was the future, I traded my physical silver for XRP. Still long gold and silver mining stocks. I expect the market cap of silver to go into the $Trillions. It's currently $20 Billion.

>>5730258

We already have that now. Yet the global market cap of central bank paper and electronic currencies is $90 Trillion. XRP is my only crypto and I am HODLing until it is the new global reserve currency. Probably around $50 Trillion market cap.

>>5726717

It's so obvious they're going to make XRP the phoenix currency for a reset of the global financial system and yet I'm the bad guy for telling people to get their free money. Just ride the wave and then move it back into whatever crypto you want.

>>5723888

Yes. I'm all in on XRP and I am encouraging others to do the same.

>>5723042

They're going to run XRP up to $50 Trillion and reset the global financial system. Just ride the wave and then put your profits into whatever privacy crypto you want. It would be stupid not to pick up the free money.

XRP is a coin designed by and for billionaires and trillionaires.

http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

$90 Trillion - global paper and electronic money
$70 Trillion - global stock markets
$215 Trillion - global debt
$215 Trillion - global real estate

Asumming a supply of 100 billion coins, if 1% of these assets moves into XRP, that's a $5.9 Trillion market cap, or $59 per coin. For XRP to hit $1000, 17% of global wealth needs to move into XRP. If the circulating supply of XRP is kept at the current level of 38 billion, only 6.5% of global wealth needs to move into XRP.

Ripple is an inside job. Ripple is owned by the same people who own the central banks. Ripple may never release all 100 billion coins into the market. At some point they may "donate" tens of billions of coins to various central banks and then the central banks will use small portions of those reserves to intervene in the markets every few years. They could use XRP as the new global reserve currency for the next 80-100 years until the supply runs out. Then they abandon it in favor of something else.

Ripple is a financial nuclear weapon!!!

Moar.