/biz/ - Business & Finance

>>10125943
It is going to be the biggest crypto without a doubt. Rolling for $100 eoy

I bought back into 55k XRP at average of 60 cents each. Comfiest hold, at least $5 eoy.

>>10125979
>>10126013
Anon both our ID's are green.

>>10126013
$10 eoy

XRP will be the flippening

Within a few years XRP will be the only decentralized crypto around. POW and POS are destined to destroy themselves.

>>10126296
>Within a few years XRP will be the only decentralized crypto around. POW and POS are destined to destroy themselves.
Yeah, hail PoK (Proof of Kikes)

>>10126296
>POW and POS are destined to destroy themselves.

If they were crack addicts their front teeth are already gone. PoW and PoS are not long for this world. The dial-up era of crypto is passed.

>>10126315
>"Yeah, hail PoK (Proof of Kikes)"

>MUH banks are bad
>MUH profit

pick only one

>>10126327
It's okay, he's just waiting for the upgrade to Cobalt next year before desperately going all in.

>>10126382
>before desperately going all in.

It's true. Why get in at 40c when you can get in at $4. It's the /biz/ way.

bump

>>10125943
truth

>>10125943
idk man
but banks using the xrapid tech should not benefit the coin that much apart from hype pumps?
i thought the actual tech and the coin are seperated?
explain to me anon

>>10127578
I've seen this over and over and over, "Banks don't need to use XRP to use the Ripple ledger". TRUE! But, here's why some are ALREADY using, and WILL ALL use XRP eventually.

Ripple's approach to adoption is two-fold:

Get the banks to use their ledger software to send fiat money (without necessarily requiring XRP), instead of the SWIFT way. This step is important because it doesn't radically change the way banks do things today, but it does give them some very valuable tools and real-time information about their money transfers. This is what most Ripple-partnered banks are talking about when they say they are using Ripple's products. What also comes with this software is a Ripple feature called xRapid, which leads us to step..

Once banks are Ripple-integrated, they will have the 'option' of using XRP (via Ripple's xRapid feature), but they don't have to; but they will want to eventually; let me explain:

The first adoption step puts the option to use XRP right in front of the banks' noses. And while at this time it may seem irrelevant to their existing infrastructure, it will be profoundly easy to start using XRP if they get curious. Why would they want to use XRP then?

it would take very little effort to start using the integrated xRapid feature

they would save an additional 30% on transfer fees

their competitors are using it, undercutting them and taking business away

and most importantly: ELIMINATES NOSTRO ACCOUNTS!!!!!

Let me say that again because it's super important

USING XRP ELIMINATES THE NEED FOR NOSTRO ACCOUNTS!!!...

>>10127578
>i thought the actual tech and the coin are seperated?

XRP is a settlement asset. Payments are easy and cheap and any pajeet software can facilitate them. Settlements are hard and at the moment they are basically via crate of cash on a plane.

Digital assets make sense for immediate settlement. It's like gold you can ship anywhere in 4s. The speed of finality is really important to avoid exposure to exchange losses.

>>10127617
then i would assume they would touch into a xrp-pool from ripplelabs?
how does this drive buying pressure on shitcoinexchanges?

>>10127637
>then i would assume they would touch into a xrp-pool from ripplelabs? how does this drive buying pressure on shitcoinexchanges?

xRapid is Ripple's XRP settlement product and it just coordinates buying and selling across a wide range of exchanges.

If a Financial Institution in Mexico wants to make a settlement with an FI in South Africa they buy XRP using MXN (pesos) locally on a local exchange, then move the XRP in 4s to an exchange in South Africa, then they sell on that local exchange there for SAR (rand). Finally the SAR is transferred on a domestic rail to the target FI.

Domestic rails are good/fast for making settlements because all the banks have reserve accounts with the reserve bank. International settlement is hard, that's the problem XRP solves.

>>10127676
>If a Financial Institution in Mexico wants to make a settlement with an FI in South Africa they buy XRP using MXN (pesos) locally on a local exchange, then move the XRP in 4s to an exchange in South Africa, then they sell on that local exchange there for SAR (rand). Finally the SAR is transferred on a domestic rail to the target FI.
so xRapid does that process automatically without the bank having to do much more than clicking the xRapid software?
are'nt there a lot of exchange fees involved this way?
and the SAR funds from the exchange to the bank? how can they do it in 4s? does Ripple have own exchange accounts everywhere to act as collateral?

XRPfags are more delusional than LINKers /thread
>inb4 i am here to make money
nope, you are gambling on things you don't understand, kiddo

>>10127717
>so xRapid does that process automatically without the bank having to do much more than clicking the xRapid software?

yes, it's a switch they enable in their existing xCurrent implementation which gives them access to cheap XRP liquidity on demand


>are'nt there a lot of exchange fees involved this way?

There's a lot of expense in holding prefunded nostro accounts. The savings are 60-80% over traditional settlement and a lot faster.

>and the SAR funds from the exchange to the bank? how can they do it in 4s? does Ripple have own exchange accounts everywhere to act as collateral?

The XRP itself moves in 4s. The total process fiat to fiat is in practice about 2 minutes but depends on domestic rails and exchanges. Yes afaik Ripple have special exchange accounts/relationships for facilitating this

>>10127720

Go look at XRP, 12 hour candles, and look at the MACD.

Then send me some XRP as tip when you make huge gains.

>>10127720
>nope, you are gambling on things you don't understand, kiddo

XRP hodlers are the most educated in the cryptosphere, many are actual investors who know how to research fundamentals rather than basement dwellers stealing power to run a mining operation

>>10127751
but you would need reliable exchanges in every country then to make this work globally?
and apart from coinbase and bittrex i see only dubious players (more dubious and not insured)

>>10127676
But after the transfer, who becomes the XRP bagholder in South Africa, and why is that profitable for them? Makes no sense

How much XRP will be regularly traded on exchanges compared to the amount that will not be traded, but, instead, utilized to facilitate cross-border payments?

Will this ultimately create scarcity elevating the price or will this stabilize and stunt the price growth of XRP?

>>10127784
forgot
crypto-fiat exchanges are not many
and even the existing ones need at least a day or two to send me fiat
how could they do it in 2 minutes to t he bank?
that would mean a unique businessunit only for this
which exchange does that?

>>10127791
>But after the transfer, who becomes the XRP bagholder in South Africa, and why is that profitable for them? Makes no sense


MXN -> XRP

XRP moves from Mexico to South Africa in 4s

XRP -> SAR

There is no bag holder you just buy locally at one end, move it and sell locally at the other.

>>10127768
That mining operation makes it a commodity....not under the jurisdiction of the SEC. this was decided in '15! XRP is undetermined if a security, case pending.

>>10127767
XRP has had a massive fall, don't get elated at a rally. XRP is a newfag coin, that is why it dropped so much. weak hands.

>>10127784
>but you would need reliable exchanges in every country then to make this work globally?

Yes that is what Ripple spend most of their energy on. It's called building liquidity.

When people say XRP was made out of thin air it's like 'ok you go make a coin and build liquidity see how easy it is'. It's not easy, liquidity is very hard to build.

>>10127823
>That mining operation makes it a commodity....not under the jurisdiction of the SEC. this was decided in '15! XRP is undetermined if a security, case pending.

Ok so if I write into a company constitution that stock can only be issued by solving some makework puzzle it's not a security?

PoW has nothing to do with security classification absolute brainlet.

XRP is not a security for a variety of reasons, mostly that there is no counterparty and it's already been deemed a currency.

>>10127814
>and even the existing ones need at least a day or two to send me fiat
>how could they do it in 2 minutes to t he bank?
>that would mean a unique businessunit only for this

Most traders have low level / consumer accounts with exchanges. If you have a b2b partnership with an exchange you can do things differently.

The fact for me is that I'm losing a lot of money and I won't even break even until it gets close to $2.50. Frankly I'm fucked and I'm just holding the year for a long term loss write off.

>>10127939
>The fact for me is that I'm losing a lot of money and I won't even break even until it gets close to $2.50. Frankly I'm fucked and I'm just holding the year for a long term loss write off.

The upside potential to XRP is so large you will make a profit if you hold for more than about 6 months

>>10127947
I bought in January. It will be six months in about 8 days.

>>10127952
>I bought in January. It will be six months in about 8 days.
I mean 6 months more lol

> XRP, 12 hour candles, looking at the MACD.

valid entry?

Chart fags, pls respond

>>10127819
Maybe you misunderstood: for every seller, there is a buyer.

WHAT SOUTH AFRICAN RETARD WOULD BE SPENDING THEIR REAL MONEY ON XRP SO THAT THE ORIGINAL FAGGOT CAN GET HIS CASH TRANSFERRED?

>>10127939
hahahaha holy shit get fucked normie fagget

>>10127984
>WHAT SOUTH AFRICAN RETARD WOULD BE SPENDING THEIR REAL MONEY ON XRP SO THAT THE ORIGINAL FAGGOT CAN GET HIS CASH TRANSFERRED?

What is a market maker?

>>10127849
& i thought you said you were well researched!
Kek
https://www.coindesk.com/commissioner-claims-cftc-can-intervene-bitcoin-markets/
FUCK OFF I REMEMBER THIS!!!!
read bitch!
part of the issue making XRP a security is of 'sole benefit'. PoW means anyone can make it so it not of 'sole benefit'.
Now be nice i will provide more links!

>>10128025
so the only way for xrp to succeed in this scenario is for their to be a local exchange in both the land of beans and rice and nigger island? doesn't the exchange fees just shit on the low cost of xrp? fucking brainlet meme fetish faggot

>>10128031
>part of the issue making XRP a security is of 'sole benefit'.

How is XRP of sole benefit to Ripple Inc when it wasn't even created by Ripple Inc and it is used right now to purchase services on the XRP ledger such as DEX and escrow. Absolute retard.

Ripple Inc are just large holders.

>>10128057
>so the only way for xrp to succeed in this scenario is for their to be a local exchange in both the land of beans and rice and nigger island? doesn't the exchange fees just shit on the low cost of xrp? fucking brainlet meme fetish faggot

There are already exchanges in SA trading SAR for XRP retard.

Your understanding of markets is as small as the brain it doesn't fit in.

https://exchange.coindirect.com/xrp-zar

>>10127791

>>10128079
this is so fucking retarded lmao, ANY crypto can serve this purpose if it goes through an exchange, still doesn't answer my question though

>>10127819
Assuming there would be a buyer for the large amounts of xrp/money banks need to Transfer kek. So all of the sudden 1mil xrp show up on an exchange and then what... market dump them all and expect someone is on the other end just waiting to buy a million xrp for the same price? Kek are you serious

>>10128118
>ANY crypto can serve this purpose if it goes through an exchange

If you used BTC to do this for example your volatility exposure would be over an hour waiting for the transfer. And even after that hour you're not guaranteed the chain won't revert to a new longest chain.

XRP settles irreversibly in 4 seconds, that's the length of time you need to hold it. It is not volatile at that time frame. In fact nostro balances are significantly more volatile over the course of a 3 day SWIFT settlement than XRP is over the course of 4 seconds, on average.

>still doesn't answer my question though

What is your question brainlet I will answer it

>>10128135
>Assuming there would be a buyer for the large amounts of xrp/money banks need to Transfer kek. So all of the sudden 1mil xrp show up on an exchange and then what... market dump them all and expect someone is on the other end just waiting to buy a million xrp for the same price? Kek are you serious

What is arbitrage?

How are you people seriously here trading if you don't know the basics???

>>10128072
good night Anon, have fun gamblin on a project you did not research enough, but lie to yourself you know all about it!
your arrogance is going to hurt you one day

>>10128162
Which has nothing to do with that fact that you still need a buyer for that 1mill xrp

>>10128154
>1 hour later, can sell btc anywhere in the world, still faster than 3 days
>4 seconds later, holding xrp bags that no one wants, can't sell on low volume local exchange in ranjeshs shitting street hut

>>10128162
do you know how arbitrage works? lmao the fucking delusion of this retard

>>10128212
BTC over an hour is generally worse than swift over 3 days

BTC also has no confirmation time certainty -- it could take an hour or it could take 12 or 48, depends on network congestion. No bank is going to entrust a network than can only do 5tx a second to settle their international payments.

>>10128238
you're completely missing the point: they won't be turning that xrp back into cash on the other end. i actually pity your level of retardation

>>10128235
>do you know how arbitrage works? lmao the fucking delusion of this retard


It sounds like YOU don't. If there's money to be made in the relative price difference between a commodity in one location and the price difference in another location relative to the value of real goods then arbitragers will step in to make money off it.

For example suppose you can buy XRP in South Africa for 10% below average global price. Even if you had no other way to realize this gain you could transfer the XRP to Singapore buy oil and ship the OIL to SA and sell it there.

There is virtually no limit to the set of arbitrage opportunities in a global economy. Prices will end to even out all things being equal because there is money to be made by doing that.

>>10128309
what the fuck lmao now people are gonna give away their oil for xrp? top kek

>>10128340
>what the fuck lmao now people are gonna give away their oil for xrp? top kek

Today on /biz/:
How does international trade work???
How do companies make money off the price difference between commodities in one location and another???

I guess you'll just have to GO BACK TO SCHOOL brainlet

>>10128340
Wow dude if only the guys at Ripple were as smart as you they could have abandoned the business venture before they got all of these financial institutions on board.

>>10128433

>'muh western union', 'muh cheap international settlements'

hmm, let's see what some of the Western Union execs think about that

https://finance.yahoo.com/news/western-union-ceo-not-impressed-211012310.html

>“We are always criticized that Western Union is not cost-efficient, blah blah blah, but we did not see that part of the efficiency yet during our tests,” Ersek told Fortune. “The practical matter is it’s still too expensive,” he added, without going into detail.

https://www.nytimes.com/2018/07/01/technology/cryptocurrency-ripple.html
>The chief executive of Western Union said last month that its first few transactions with XRP had not shown any noticeable benefits over the company’s existing systems

so much for that "80% cost reduction" the Rippers are always claiming. So much for that "vastly improved efficiency".

it's kinda sad that in order to get publicity, Ripple has to bribe celebrities like Stephen Colbert to shill their coin, no different than Potcoin or any of the other bottom-tier crypto.

It's also going to be tough to make the case Ripple isn't a security, when they're spending hundreds of millions of the dollars, which investors gave them, to promote Ripple. Sounds like the textbook definition of the Howey test. We'll see.

>>10128512
>BREAKING NEWS
>THIS JUST IN

"A newspaper can't figure out how to make money publishing on the Internet"

"Internet is worthless"

Why is it surprising that a company built around nostro accounts can't figure out how to use xRapid properly? Other companies like FlashFX use XRP everyday with impressive cost savings.

Don't cherry pick your data buddy.

>>10128512
Very thorough testing there by WU. 10 transactions in 6 months. I guess we can all go home now and forget about feedback like this:

https://www.cryptoglobe.com/latest/2018/05/currencies-direct-completes-successful-european-pilot-of-ripples-xrapid-and-calls-xrp-a-game-changer/

>>10128512
>>10128512
Did only 10 transaction and already made an conclusion, the test hasn't finished. They're doing more than that just wait and y will see. Have y seen the result with fx bank, standard character and many other banks or y just find the worst and the incompleted one to speak about?

>>10127984
>what the fuck is market making
>why market makers profit from market making
>why do markets do market things

>>10128606
right??

the absolute state of /biz/

>>10128512

>>10125943
You shouldn't hold bags of ripple and not hold bags of its little sister stellar. They are both inextricably linked, with a separate use case for each currency. Stellar CEO even owns over 5 billion ripple, of which it is in his interest to retain its long term value as he cannot sell it off piecemeal.

Both projects have huge amounts of corporate muscle involved and will certainly succeed one way or another regardless of the eventual prices.

>>10128686
are any of these companies using XRP in production? sounds like it's all testing so far

>>10128702
Jed is a cancer upon this earh

>>10128703
FlashFX definitely is

>>10128729
okay, we'll see how that works out for them. I looked into FlashFX and they appear to be a tiny player, based in Australia further limiting their market segment. They are in no way a big player, and as a recent startup will probably fail (as most do). So, I wouldn't exactly point to some tiny Australian bit player as the poster child for global Ripple adoption.

>>10128767
>wait until everyone adopts it then buy

buy high sell low anon

>>10128772
better than buying at $3 and selling at $0.5 like most Ripple bagholders.

>>10128797
you're literally proposing to do that again

what do you think the price is going to be when the first 2-3 major banks announce xrapid adoption

http://rppl.info/ look at the xrapid label
companies cant really "go live" with xrapid yet, xrapid is in "beta", the crypto space needs to mature, there has to be more liquidity, more regulatory certainity, more exchanges....
it has to mature in general for companies to replace the old system and really go live

>>10125943
>PoW (BTC, ETH, LTC, BCH) is controlled by three Chinese mining pools

I stopped reading here and bought into all four. There are over 1 billion chinese and only 350 million americans.

>>10128808
I don't think they will. But keep holding those bags while you pray for bank executives to buy into your delusion. Maybe God will take pity and give you a break, some day.

>>10128830
if you think it will fail dont invest on it then, it is facts vs your opinion
>>10128637
doing great work anon, i took some screen shots

>>10128830
Stay poor
https://bcfocus.com/news/ripple-will-be-the-global-standard-says-ceo-of-sbi-holdings/17269/

>>10128852
is that bank actually using Ripple for anything (other than selling to bagholders on their crypto exchange)? I'm guessing 'no'.

>>10128894
>I'm guessing

and you'll still be guessing when we're at $10 eoy

xrp mooning hard get in boys

>>10128924
up we go

XRP is so bad they are even giving it away.
STAY FAR AWAY!
Only good to make BTC with it through pump and dump.

https://www.nytimes.com/2018/07/01/technology/cryptocurrency-ripple.html

we made it boys xrp

>>10128990
>XRP is so bad they are even giving it away.

Ok where do I get this free XRP

>Only good to make BTC with it through pump and dump.

BTC soon to be controlled by two chinese mining pools (currently controlled by three). Great coin anon very decentralised.

>>10129025
>BTC soon to be controlled by two chinese mining pools (currently controlled by three). Great coin anon very decentralised.
Those are just FUD assumptions. Whereas everyone knows Ripple Foundation holds over 60% of XRP.

>>10129064
>Those are just FUD assumptions.
retard

https://news.bitcoin.com/ripple-ceo-bitcoin-controlled-by-chinese-absurd-to-think-it-could-be-primary-world-currency/

>>10129064
>Those are just FUD assumptions.
https://www.blockchain.com/pools

See pic related retard

>Whereas everyone knows Ripple Foundation holds over 60% of XRP.

60% held in cryptographic escrow which everyone can see on the ledger.

Compare that to your 4% of BTC addresses that control 97% of BTC in circulation. You have no certainty about what will happen with those coins at all.

xrp to 51 here we goo

i'm staying far from any pajeet shit or chong shit.
decentralized curreny meme died long time ago. this isn't an argument.

xrp actually has started doing thing in real world unlike most shitcoin that has "whitepaper" meme.

>>10126327
Go buy $V and leave our board alone

>>10129206
can't hear you over the sound of green

literally just bought 1k more

>>10125943
When I first got into crypto I thought XRP was the shit. But I quickly learned it's actually "A" piece of shit. Don't miss out and buy XRP boys I wan't all of us to make it. Stick to BTC, ETH and related projects, and dare I say even BCH.

>>10129279
>Stick to BTC, ETH and related projects, and dare I say even BCH.

MUH PoW centralised china coin

50.6

>>10129406
I like it

See you good moon buddies at $5

volume is rising, look the green dildo have not comparison

Explain in a sentence what Ripple does.

>>10129499
>Explain in a sentence what Ripple does.

Ripple provides software for coordinating settlement between institutions.

XRP is a currency on the open source XRP ledger.

make me 40 bucks

52 good frens

riple is the winner of the golden bull season, get in boys

>>10129582
everything pumping sadly

when will the market decouple

>>10125943
>mfw holding 1mil xlm
>mfw not even stressing
>mfw going about my life like a sane normal person
>mfw you guys

>>10129719
everybody knows that xml is the coin for poor people

I'm just so skeptical of seeing any actual discussion on this piece of shit website that I don't believe any of you actually think XRP will do well.

I hate this fucking place

>>10129761
Is it now

>>10129761
>xml
REEEEEEEEEEE

>>10129810
You will never leave, 4chan is purgatory for geniuses and retards. I’m 42 years of age. I also browse /b/. I’m not proud of myself. Neither should you be. But at least recognize that you need to buy buy buy
>and not shitcoin, but btc

>>10129966
We're doomed

>>10125943
Agree, I got some during the dip. Good price.

>>10129966
witnessed

Pro tip, when you see a coin cause this much drama, it is a strong buy sign

>>10130302
121 posts not bad

>>10125943
This is the only cryptocurrency that does not need any form of shilling whatsoever. XRP 10$ is just a guarantee.

>>10127591
The banks using xRapid will not have any effect on XRP market cap, on the contrary. Right now only one shitty Mexican fi uses xRapid.

>>10130994
>no one will use XRP
>only small non-bank FIs will use XRP <<< you are here
>only FIs but not banks will use XRP
>only small banks will use XRP
>only small and medium banks will use XRP
>only commerical banks will use XRP
>only small country reserve banks will use XRP

stay poor cuck

Do we think it’s going back above 50c today

I seriously love all the brainlets here.

>>10132061
it depends 100% on BTC and mirrors it. Only if BTC has pumped or is stable, we will see a rally here. It is a good buy though imo.

>>10132155
Tfw everything still coupled to BTC because no one can tell the difference between any two coins

But but but thin air...

>>10132295
Btc December 20k $
Xrp December 0.20$


Btc now 6500$
Xrp now 0.50$ :D

>>10132686
That's retarded

>>10131655
lol, even if every bank in the world used xRapid it still wouldn't do anything to the market cap of XRP.

>>10132686
XRP Dec 2018: $10
BTC Dec 2018: $5000

>>10133444

> facts are retarded.
Lol

>>10133444
Stay poor