/biz/ - Business & Finance

For absolutely nothing to happen. Fuck I cannot wait.

Fucking all in baby

Hi frens,

Curious about the state of Ripple ODL, I have seen numerous posters saying it is dead in the water but I missed the news I think. Can anyone chime in here and quicksplain?

How much will they be worth? Will you dump them ASAP?

Gentlemen, please understand, the XRP price stability is one of the single highest selling points for commercial adoption. Institutional adoption requires it.

When global financial players look at the sea of volatile shitcoins, do you think they will integrate one that ebbs and flows on the meme making powers of twitter bots and a racist frog?

Get with the program anons. Ripple is poised to take over global financial infrastructure.

I would have included LINK with this a month ago but with the development of Flare, LINKers are about to get BTFO.

X R Pizzle

What's all this about FXRP? Will there be a fork and anyone who holds XRP will be issued an equivalent amount of FXRP or will you have to trade in your XRP in return for FXRP?

Miners dump btc too. Jed can only dump a tiny % of total volume each day, it's negligible. Pegging crypto to gold is the dumbest thing in the world as it would peg the price and wouldn't moon. Moneygram has to sell xrp because of liability since there is zero regulatory clarity on crypto and xrp.

This kind of FUD doesn't matter. Even if what you said was true (it isn't) new entrants will FOMO in because "bitcoin too expensive" and "bullish on Ripple".

Full disclosure i have xrp in portfolio but i don't have any illusions of it having amazing utility or believe price will go higher than $20 over next 2 years. I also believe xrp price is based primarily on speculation and heavily dependent on bitcoin bull market. It is a top 5 coin for several years and this is what leads to new speculators throwing money in.

Comfy .35 waiting room.

Get in here boys!

It has become clear that XRP will be successful in 2020 and beyond, my only question is how successful?

I know that this is probably going to anger some people but I would say that the 2k EOY prediction is likely a meme. This would mean that XRP becomes a global currency in the span of under 6 months, which does not seem likely to me.

That being said, I think that things are looking incredibly bullish for XRP.
Judy Shelton is about to be appointed to the Board of the Fed, and she is a noted XRP enthusiast (everyone just shares the tweet which is exciting, but she has also made statements in interviews saying that she supports the a gold-linked cryptoasset and this asset would almost undoubtably be XRP).
China is being blasted by storms and flooding which will likely disrupt their ability to mine BTC, which to me is bullish for XRP. Also, I think that the US government is realizing that BTC is a Chinese controlled asset and will begin throwing their full support behind making US coins the standard for global payments (i.e. XRP).
Brad Garlichouse stated in previous tweets that he believed that 2019 would be a huge year for cryptocurrencies' adoption by banks. He was ultimately wrong because the US did not put in place any clear regulatory guidelines for cryptocurrencies during 2019, but they have begun to do so in a big way during 2020. This means that cryptocurrencies (and specifically XRP) will begin to be adopted by the mainstream financial world at an accelerated pace now.
XRP is clearly the premier currency for transferring funds. Nothing else comes even close in terms of speed, efficiency, and cost. Large institutions are going to continue to pick up on this and make the conversion to using XRP.

All of this is to say that I think XRP is incredibly bullish right now. Personally I think that an EOY price in the range of $10-$30 is very feasible but I was wondering what other's thoughts were.

Comfy.

Comfy waiting room for based XRP hodlers.

Beautiful ripples.
Surprisingly soft XRP relax,
at the perfect bed.