/biz/ - Business & Finance

>>21364019
Nah it didn't make me buy. Just laughable to see these lying fucks try to be insiders.

All liars will go to Hell.

Can we please ban XRP threads?

XRP is not even $0.30. Let that sink in. It's not even $0.30. It will probably take 10+ years for normies to break even if it happens at all.

Jed McCaled sells over 1.7M XRP EVERY SINGLE FUCKING DAY.
https://dailyhodl.com/2020/08/04/ripple-co-founder-is-selling-1740000-xrp-per-day-according-to-crypto-monitor-whale-alert/

XRP as the "gold standard" is not happening according to Ripple CEO https://twitter.com/bgarlinghouse/status/1290426576169918464

Ripple CTO cashed out all his XRP. Called it "de-risking". Not even their CTO has believe in its future.
https://twitter.com/joelkatz/status/1120045241099177984

Brad Garlinghouse sued over claiming to be "long on XRP" while in fact he sold any XRP he received for USD.
https://cointelegraph.com/news/lawsuit-accuses-ripple-ceo-of-touting-xrp-while-silently-liquidating-holdings

Jed still has 4.5 BILLION XRP left.
https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

But wait, there's even more!

Some shithole project Ripple gifted XRP for no fucking reason IS STILL DUMPING 1 MILLION XRP EVERY DAY!
https://www.xrpchat.com/topic/32282-a-dead-project-also-dumping-xrpclever-coin/

R3 sued Ripple FOR BILLIONS, they (((settled))) for an undisclosed amount (of XRP)
https://www.ledgerinsights.com/ripple-r3-settle-blockchain-billion-dollar-dispute/

MoneyGram which Ripple PAID to USE THEIR ODL software instantly sells any XRP they receive.
https://u.today/ripples-partner-moneygram-doesnt-hold-any-xrp

In addition, MoneyGram tells Ripple to fuck off after Western Union offers to buy them. Ripple in response pulls the plug on ODL. https://u.today/ripples-partner-moneygram-doesnt-hold-any-xrp

https://twitter.com/Ripple/status/1270104548888068096

Lets face it. The only reason XRP pumped in 2017 was because of normalfags hoping it would be the next Bitcoin when it would appear on Coinbase.

XRP is dead.

>CTO sells all his XRP, call it "de-risking". Because selling 80% isn't enough, it has to be everything.
>An actual insider with first-hand access to information such as adoption, NDA's and upcoming technical updates

I'll have to admit, David cashing out was the biggest sell signal XRP has ever had in the past 5 years. I didn't think much of it but at this point it's clear he saw what was coming. it won't be long before XRP reaches 0.

Saddest thing is normalfags will consider him cashing out a bullish act, subhuman IQ.

Still sticking to the de-risking strategy my wife and I agreed to when we agreed to put our own money into cryptos. What helped me not to be so sad selling during the bull run was thinking how happy I'd be if I regretted my decision

>Still sticking to the de-risking strategy my wife and I agreed to when we agreed to put our own money into cryptos. What helped me not to be so sad selling during the bull run was thinking how happy I'd be if I regretted my decision

>>13760166
>>it's another 40m xrp dump episode
>fml

(((de-risking)))

Ripple the company is unique in the sense that it doesn’t make money from selling its product. It makes money by selling its stash of XRP coins to naive “investors” (let’s call them “XRP bagholders” for more clarity).

Ripple is very transparent about this – they even issue regular reports like this one
https://ripple.com/insights/q4-2018-xrp-markets-report/, where they announce how many XRP coins they’ve dumped on XRP bagholders.

In 2018 alone, Ripple has made over $500 million selling XRP coins.

XRP bagholders buy XRP coins because they believe that XRP coins are worth much, much more than what they’re selling for right now. The reason for that belief is that Ripple goes to great lengths to communicate on how its technology will change the world, and how it will be used by every financial institution for transfers and settlements – which is the core of banking.

The main argument for why XRP coins are worth something, is that Ripple’s technology will supposedly render obsolete the nostro/vostro account system, which supposedly requires $5 trillion to be frozen today. Because this pile of cash will be freed up, the reasoning goes, it will be somehow replaced by XRP coins, thus somehow giving XRP coins an equivalent market value of $5 trillion, or $50 per coin. This is all explained on Ripple’s own website.

Currently, XRP coins trade at around 30 cents, so the nostro/vostro argument induces hopes of 15,000% returns for XRP bagholders. Other Ripple-friendly sources have gone to great lengths to inflate this potential valuation, suggesting that one XRP coin could be even worth over $500.

>>13552184
>XRP will be $0.4 EOY

>>13534494
OOGA BOOGA?

>David Schwartz@JoelKatz Apr 22

>The majority is my liquid assets is XRP. The majority of my illiquid assets is Ripple stock. >That's pretty crazy risk.

>80 percent of the mining on the Bitcoin blockchain is centralized in China, despite the country’s ban on digital assets. This puts it at greater risk of being manipulated by a single, sovereign government.

>Some experts even suggest that in a worst case scenario, miners of Bitcoin and Ethereum blockchains could use this to their advantage — conspiring to rewrite history on the blockchain through a 51 percent attack that results in verified transactions being unvalidated and allows for fraud to occur.

https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/