/biz/ - Business & Finance

Its not an accident. And it isnt going away any time soon. Or ever.

>>11090203
Because everyone is in ripple yet no one mentions that
XRP is going to be one of the crypto coins that will unironically make it

>>11090217
Why The Fuck does no one ever talk about the #3 coin? No developments, no hacks, no anything

I heard that a lot of the supply was gifted to various banks and other financial institutions around the world. I guess that they are the majority of the hodlers and don't know what to do with the token (or just don't care) and that is why the price is so high (limited sell pressure). No traders.

>>11090295
HURR DURR, NO TRADERS

>top 3-4 trade volume every day on binance.

>>11090295
this sounds plausible desu

>>11090323
>what is wash trading

>>11090323
As we all know already. Exchanges might have a lot of wash trading going on. Either by the exchange or the coin devs themselves.

No Blockfolio screencap on /biz/ ever has XRP. Aside from /biz/, also reddit doesn't mention any developments about XRP. This is literally a ghost coin.

Please share some important developments (good or bad) about XRP that has happened in 2018!

>>11090295
just by reading this post i can tell you that you know very little about it and what you know is mostly not true

>>11090281
This

>>11090360
First of all eat my dick.

This echo chamber is not the whole world.

>>11090374
That is exactly what I am saying. I know nothing about the coin. Why is it never mentioned anywhere? Only some shit crypto media site mentions the price from time to time.

>>11090360
First of all eat my dick.This echo chamber is not the whole world.
Secondly, you know damn there are good resources for news on xrp (xrpchat for one)
Third of all, eat my fucking fat cock you mincing faggot.

>>11090398
>>11090383
>taking advice from someone with a $12,000 portfolio..
why are you even holding ripple if you have that little? you should be buying microcaps.

>>11090203
I still shill desu. But I also unironically like the tech and no one gives a shit about that. They are too busy with pow and poshitcoins.

all of you faggots should stop talking about it

>>11090391
any good news are supressed in r/CryptoCurrency/ ,anyways, you can go there and search for ripple or xrp and you will probably find something interesting
also, talking about xrp in a bitcoin forum is considered a sin by them
for news, you can go to r/ripple/ and r/xrp/
they also have a community at https://www.xrpchat.com/ sometimes head developers go there and answer some questions
the main reason xrp comunity is so separated from others is because it was one of the one of the first altcoins, the first premined coin, and at some point it was centralized so bitcoin maximalists hated it, some paid people to fud it, it's a long story

>>11090437
Do you know what the extra supply is for? Only 1/3rd is released as of now. How are they going to release the rest in a distributed manner?

Also, doesn't all tx's go through nodes that the XRP company chooses themselves and thus make the whole thing fast+nearly free, but at the cost of centralization?

>>11090360
I hold XRP and the reason nobody FUDs it is because the moment you mention it here the people who aren't in XRP will FUD it. Because they have no idea what's going on with it. They still think its centralized and bullcrap. But the community shares a lot of information. But everytime I mention it here nobody really cares or wants to listen to the information and if you want to find out at this point I suggest taking an afternoon of and digging yourself.

>>11090412
Let’s see yours you Street shitter.

>>11090496
>inb4 posts a fake portfolio

>>11090493
Thanks for some normal talk. I'll dive a bit deeper into it again tomorrow. Hopefully I'll find something that explains it being #3, without having almost any forum presence aside from a separate subreddit.

XRP should be an obvious winner just for the fact that 90% of this space will litterly cry if it wins. They can't stand that from their POV a bankerscoin becomes a dominant player and it really already is. Thats the funny fucking thing about crypto, and XRP actually making it is the most ironic shit to happen in this universe. And we all know how life loves irony.

>>11090203
xrp is solid brah, nothing to fud about it

>>11090479
Ripple intends to use their XRP as a "strategic weapon" as stated by their CTO. Since they own so much of it and stand to gain more than anyone from a long term increase in the price, they can afford to spend a lot of it to jump-start adoption. For instance, if a bank wanted to get involved but was concerned about the volatility, Ripple could promise to send them more XRP to cover any potential losses due to a decrease in price. They also have things like the Ripplenet Accelerator Program where they are incentivizing the use of XRP.

Bottom line, Ripple wants their XRP to become as valuable as possible in the long run, which is great for all holders.

>Also, doesn't all tx's go through nodes that the XRP company chooses themselves and thus make the whole thing fast+nearly free, but at the cost of centralization?
No, every node in the network independently verifies every transaction and independently builds each new ledger. The validating nodes are only needed to put transactions in order. They also broadcast a signed hash, or validation, of each new ledger that they have built, so that other nodes can check it against their own new ledgers and make sure no fork has occurred.

Ripple does provide a default list of validators (UNL) that they recommend everyone use, but they can't force anyone to do so. In fact, Ripple could be cut out completely if users of the network lost confidence in them. You can see Ripple's UNL list at https://minivalist.cinn.app/.. They currently run 10 out of 22 recommended validators. Of course, the typical 50% number everyone looks for here is not technically relevant for XRP. Since ledgers can't be orphaned, there is no possibility of a double spend even if all 22 of those validators colluded. The worst they could do is halt forward progress of the network until they were removed from the UNL.

>>11090203
$573 Don't know when though possibly within the next couple of years.

>>11090351

Wash trading? You realize everything is wash trading volume right. Whatever you think XRP is being wash traded apply that right over to BTC and ETH also.

>>11090360

Lol, no good developments in 2018? oh you have a lot to learn, but im not a teacher

>>11090203
just look at the volume. Basically non existant.

It is way overpriced but real demand is very low.

>>11090666
Checked
>>11090679
I hold XRP but this is just litterly impossible (so I think) I think something between $10-50 is possible and realistic however.

>>11090203
I hold XRP and ultimately your opinion has no impact on me.

I guess I would have an incentive to shill it if I were a short term speculator looking to dump it on other short term speculators.

I'm holding long term though and I'm not waiting on you to change your opinion. I'm waiting for years for institutional adoption of Xrapid.

Furthermore the big banks don't care about my opinion. They only care about their own advisor's opinion, Ripple's sales pitch, and, lest we forget, the regulatory bodies like the SEC.

So no small timers really have an incentive to do much of a sales pitch to other small timers.

If you really want to hear it you can of course. The ripple subreddit, xrpchat, as well as parts of YouTube and Twitter have vocal advocates if you want to go out of your way.

>>11090203
>No one ever shills or FUDs XRP anymore.
nobody cares about it.

>>11090792

Thats why its going to be the biggest winner when all the smoke clears

>>11090203
ripple is the ultimate npc coin
it even has a logo like something from a game

>>11090824
I know who will be REEing once this hits a trillion marketcap in 5 years

>>11090904
do you even know that ripple is in development since 2004? That's 14 years.
They added the token after bitcoin appeared, but it was never necessary, it was really a marketing scheme. They gave it away for free to bitcointalk members, the first airdrop.
There's no demand for what ripple provides.

>>11090970
There's no demand for what ripple provides.

>>11090970
>added coin later on
>isn't necessary
Ofcourse it wasn't necessary but it also wasn't necessary for banks to go digital, it happened because there was enough incentive to do so. Who the fuck cares if it wasn't necessary? Plans change

>>11090970
There's no demand for instant settlement?

When you send money from your bank to your stock broker do you like that it takes five business days?

When a Chinese engineer in Africa sends money home does he like that it takes a week?

Do us all a favor and stop huffing gasoline.

>>11091054
cool story, so why isn't ripple widely used after 14 years of being on the market?

shitcoin

>>11091065
It's been an idea for that long. On the market though? Only xcurrent has been on the market and adoption with that is fine. Amex uses it, etc.

Xrapid isn't even officially ready yet though. I know Cuallix is using it but I think generally Xrapid is still in a testing phase.

Supposedly Xrapid goes live before the year is out. I personally don't believe it though. With projects this ambitions there's ALWAYS a delay. I think Xrapid going live in 2019 or even later makes more sense.

When it does though, I'm sure there will be high demand. Who wouldn't want their money faster?????

short cripple on bitmex x20

>>11090737
Search for the original education's name then connect it with modern financial institutions, its possible but unlikely many events need to take place for it to happen.

if you hold ripple please kill yourself immediately

>>11090824
>banks will make me rich

Nobody wanted ripple when it first came out because it was a premined centralised shitcoin.

They manipulated the supply by only releasing very few xrp to trade making the price higher and therefore making the market cap huge because of the enormous supply.

It's 24 hour volume on coinmarketcap was always way lower than any other coin in the top 10 on that site.
Then december last year hit and a surge of normies bought it not knowing any better. It was even shilled on cnn

Now the we're in a bear market again and normies have forgotten about crypto no one wants xrp any more because its a premined centralised shitcoin

It's just waiting to die. There's nothing really to talk about.

>>11090203
It's literally the best coin in the market
one of the fastest and most decentralized and scalable cryptos, it works flawlessly, Is ready for mass adoption/production use
and the most important, it solves a REAL World problem

>>11090666

> Ripple wants XRP to be valuable as possible

They dumped billions in Jan. and Feb. Just this ONE WALLET DUMPED ONE BILLION between Jan-Feb

https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF

Translate the massive dumping on Korean exchanges in that time frame. A lot more wallets identified dumping billions:

https://steemit.com/kr/@koreancrypter/4pgssf

> Anyone can run a Ripple validator - the network is decentralized

Anyone can run a validator but it does nothing. They are considered untrusted validators and they are ignored

https://developers.ripple.com/run-rippled-as-a-validator.html

There are multiple UNLs but the UNL that validates is consisted of validators all run and/or approved by Ripple. It is not a trustless network. It is a centralized trust network.

> xRapid isn't ready but it'll take over money transfers when it is

Banks to piloting xRapid since 2016 but nobody uses xRapid thus XRP. Go to columns Testing Xrapid and Using xRapid. Banks have been piloting xRapid but NEVER use it.

http://rppl.info/

AND Ripple claimed this year that banks and money transfer companies doing pilots and would be moving to production in Q2 - so far NOTHING!

https://ripple.com/insights/q1-2018-xrp-markets-report/

>>11091186

> Cuallix and ZipRemit are using xRapid

LOL dogshit fake startups propped by Ripple. Look at the Google maps and look at Cuallix office in Mexico. Backalley dogshit company. Does nothing. Every tweet they have is about Ripple.

>>11090753

> Banks will use XRP....MUH Banks will buy up billions of XRP.

Banks in the US will never be allowed to hold XRP. Banks have stakeholders, board of Directors and ultimately regulatory bodies like the SEC that will not allow banks to hold toxic dogshit assets because they require banks to do stress tests on their portfolio for dogshit toxic assets like subprime loans etc. XRP would be the worst kind of dogshit there is. 93% from ATH.

>>11091543
Imagine being the absolute best example of a technology and no one in the entire world wants to use you.

>>11091654

Continued...

> Next scam you with Nostro/Vostro. Liquidity. Market Makers

Retards there isn't any volume/liquidity for xRapid to work. Mexico's largest exchange does a volume of only $15K in XRP. That is enough for some pilot programs but it can't really be as the standard method. And most corridors of the world, there is no XRP exchange so there is zero liquidity. Even take Zimbabwe for instance which actually has a crypto exchange (Golix) but it only trades Bitcoin. Korea does the most XRP volume but it's still under $100 Million and that is not enough liquidity for remittances and you also need it both at source and destination.

And Market Makers are not going to lose money trying to provide liquidity in a corridor that there is no demand or volume in XRP. Or they will and take massive spreads on.

> Banks one more time...

Look at what real bankers have said about XRP:

- Paula Da Silva - Head of Transaction SEB (2nd largest bank in Sweden)

- Hirofumi Aihara - The Bank of Tokyo (Japan)

- Darmesh Desai - Yes Bank (India)

- Richard Dell- Banco Santander (Largest Spanish Bank, operations all over the world)

Info about the panel @ 4:57


"There is no demand for XRP (31m28s)"

and

" We cannot use XRP (because of regulations, cross border regulations, lack of demand (liquidity)"

https://www.youtube.com/watch?v=9acCnUSLW7Q#t=31m28s

>>11091654
>Banks in the US will never be allowed to hold XRP.

They don't have to. They only hold it for as long as the transaction takes. Like ten seconds. Liquidity providers hold it.

>>11091699

Market Makers provide liquidity. But Market Makers are not magical unicorns that will suddenly provide massive liquidity for XRP in currencies where there is no demand and volume for XRP.

Market Makers will exist for XRP in different currencies if they can make a profit. Meaning there have to be high volumes to profit from
Market Makers want to buy and sell as quickly as possible. They don't want risk. They absolutely DO NOT to want to HOLD

> The longer they hold, the higher the spread (higher cost of xRapid)
> The lower the volume, the higher the spread (higher cost of xRapid)
> The less market makers there are, the higher the spread (higher cost of xRapid)
>The greater the volatility, the higher the spread (higher cost of xRapid)

For most currencies, market makers will not be able to sell in their local currency. Exchanges will not be acting as market makers for most currencies. For XRP, you have a handful of exchanges that actually deal with FIAT at best. You don't have exchanges with volume for any other currencies besides 3 or 4 and the volume is tiny even in those. Market makers that for other currencies will also want a higher spread because they have to take that exchange rate risk.

Plus even in exchanges that have much higher demand than XRP, you can be quoted an indicative price meaning the volume sucks so bad the market maker doesn't even know if the exchange is possible.

You are expecting the volume and liquidity problem and the problem of holding to be solved by Market Makers. They have the same fucking problem.

>>11091654
>no sources to back your claims
good try

>>11091654
We know there are a few whales. The account you reference belongs to the infamous "Bearwhale". Likely a very early, very rich investor, but that is not Ripple dumping. Other cryptos have this same problem to an even worse degree.

Your point on validators is irrelevant. They don't do anything special other than order transactions. Ripple makes a recommendation, but they do not "approve" anything. Every node chooses their own list. No network is trustless. That's an idiotic meme.

Banks are not piloting xRapid since 2016 since it didn't exist then. We've had this same conversation over and over and you keep repeating the same debunked bullshit.

Are you ever going to fuck off or is deliberately lying about XRP 10x a day all you have to do? I'm not wasting any more effort on your other ignorant statements.

>>11091367
But the banks are having meetings and buying into it. They'll have enough to manipulate the centralized market until the market isn't needed anymore.
I agree that it's a shitcoin. But I've got a suicide stack just in case.

>>11091740
>>11091687
>as the market matures there will be more liquidity
>???
>problem solved

>Market Makers are not going to lose money trying to provide liquidity
market makers don't lose money by providing liquidity dumbass, they make money, if there is demand, there is oportunity to make money, that makes more market makers join, eventually making the market liquid enough
anyways banks don't necesarily buy/sell in exchanges, third party liquidity providers can do it too
only dumb people that don't know how markets work would fall for this shit

>>11091751

> No sources

SEB, Bank of Tokyo, Banco Santander, Western Union, Yes Bank India

- Paula Da Silva - Head of Transaction SEB (2nd largest bank in Sweden)

- Hirofumi Aihara - The Bank of Tokyo (Japan)

- Darmesh Desai - Yes Bank (India)

- Richard Dell- Banco Santander (Largest Spanish Bank, operations all over the world)

Info about the panel @ 4:57


"There is no demand for XRP (31m28s)"

and

" We cannot use XRP (because of regulations, cross border regulations, lack of demand (liquidity)"


"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"

http://fortune.com/2018/06/13/ripple-xrp-cryptocurrency-western-union/

"The practical matter is it’s still too expensive"

>>11091809

One big whale:

1 Billion Dumper between Jan and Feb:

https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF

3 Hundred Million dumper in January:

https://bithomp.com/explorer/rskcAQhZie8mB39FHuJuk1ZmBaF6RYZYNV

Jeb's wallet dumped tens of millions in Jan/Feb:

https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv

>>11091882
obviously there is not enough liquidity for banks to transfer billions of dollars a day, it doesn't mean there will never be
as the market matures there will be more liquidity
>http://fortune.com/2018/06/13/ripple-xrp-cryptocurrency-western-union/
Western Union has sent just 10 payments using xRapid to date—far too few to reap significant results
>>11091751
pic related, multiple companies confirmed that using xrp reduces costs

>3 whales dumping
no shit they dumped before the bubble popped, how is that any relevant?
other whales are acumulating

i don't see your point, other than hurr there is not liquidity right now, you are not looking to the future.
it is well known that xrapid is aimed at smaller companies and payment providers,

>>11090203
both ripple and ethereum arent going to make it, only bitcoin had the 100+ million marketcap.

Jew coin, idc, if it moons I’ll take some of them Jew bags