/biz/ - Business & Finance

>>11270847
>Ripple

>>11270847
This shit is going to a $100 plus this year.

>>11270852
btc maximalists

> 2017 we need futures
> 2018 we need ETF

KYS

PAMP IT NOW DAMNIT

>>11270870
yeah bro ripple is going to have a 22 trillion market cap you fucking genius

>>11270910
arguing about MC in 2018, are you that brain damaged ?

>>11270910
he thinks marketcap matters

If one person buys 1 XRP for 100$ it will have a 22 trillion marketcap.

not gonna make it anon sorry

>>11270873
Go ahead, explain why banks would switch over to cripple?
>muh cheap fees
>muh fast Tx times
>volatile currency

>>11270948
Volatility doesn’t matter when funds are locked in XRP for 2 seconds.

buy the rumor sell the news

>>11270948
~ zero cost transactions
TX time 3 secs
volatility doesn't matter in those 3 seconds

please educate yourself what xRapid is

you've been hearing FUD your whole life

>>11270964
If this is true then you could handle all financial transaction on the planet and ripple wouldn't even need to be worth $0.01 for that occur.

>>11270910
>Market cap matters for cryptos
>He thinks 22 Trillion dollars needs to enter

Whats next are you going to post the market cap formula you learned in Finance 101 for calculating companies market caps?

“The traditional international wire experience fails to meet today’s expectations from a price, speed and ease-of-use perspective. Blockchain technology, and specifically Ripple’s xRapid product, resolves all three of these challenges simultaneously. Catalyst Corporate, through our subsidiary companies’ technology platforms, will leverage the XRP digital asset to transfer money across borders instantly on behalf of our 1400+ member credit unions. We have signed a production contract and are currently building out our plan.” – Brad Ganey, senior vice president and COO, Catalyst Corporate Federal Credit Union.

>>11270988


Is this how you came to this conclusion?

>>11270847

is this big thing, or really just nothingburger?

and if this is big and bullish thing, tell me why it so

>>11271045
See
>>11270997

how high this news could pump XRP, and give realistic scenario, dont some $ 100 bullshit lies

>>11271093
589$ is the magic number

>>11271093
Who knows. This is the first crypto with real life absolute verifiable use. The normies could go apeshit on fomo.

https://youtu.be/9Pdd5M2b80I

>>11271117
Alright I'm selling my XRP, I want no part in this

>>11271103
I want to believe.

>>11271117
what the fuck is this

>"xRapid processes cross-border payments by XRP, with the sending party putting fiat into a cryptocurrency exchange, converting it to XRP, and converting that XRP to the receiving party's desired fiat currency."

>with the sending party putting fiat into a cryptocurrency exchange, converting it to XRP, and converting that XRP to the receiving party's desired fiat currency

Yep, dead on arrival.

>>11271151

>tfw went half on XRP & XLM

>>11271181
>forcing banks to use some chink exchange
Yep. this one is going in my cringe collection.

>>11270948
>$200,000,000 transfer value
>convert to XRP for transfer
>0.5 seconds elapse
>giant red BTC dildo
>0.6 seconds BTC drops 10% in value XRP @ -12% from initial
>1 second in second red dildo for BTC drops additional 5% value
>1.005 seconds in all alts drop 15% in value
>1.5 seconds into transfer XRP drips even more
>2.1 seconds transfer complete
>25 million USD lost due to XRP volatility
That will never happen.... drool drool

XRP price end of this month?

>>11271226

>>11271226

>>11271226
You could do 10 000 automated trasnfers (or even have to teller pressing a button) and it would still be faster than traditional payment system and where has BTC ever droped 15% in 3 seconds?

>>11271000
Nice digits, those trips are a good representation of your IQ. But no, that conclusion is based on the following analysis:
Assuming xRapid replaces ALL SWIFT transfers, the price calculated using the equation of exchange [1] is... $0.0023/XRP.

The way xRapid works is that the sender first sells the token (eg. USD from an American bank) he has for XRP, then he sells XRP for a different, target token (eg. EUR issued by one European bank).
The equation of exchange is:
totalSupplyOfXrp*xrpPrice = xrpTransactionVelocity*transactionVolumeInDollars
or
marketCapitalization = howManyTimesEachXrpIsTradedPerSecond*transactionVolumeInDollarsPerOneSecond
The logic is simple: if there are 10 tokens in total, and we know both that the daily transaction volume in tokens is 10 (= daily velocity of 1) and $10 in dollars, then the price of the token is $1. Anything else is mathematically impossible.

SWIFT is used to transfer $5T daily. That's a lot, but for xRapid's 4 second per transaction [3] that's only $231.48M.
When divided by the total supply of XRP (~100B XRP), the fair price is $0.0023/XRP. (That means all 100B xrp are traded each 4 seconds).

Let's be extremely charitable and assume 99B XRP is holded and only 1B XRP is traded by banks. Now the fair price is $0.23/XRP.
Again, that's assuming xRapid fully replaces SWIFT, an extremely unlikely scenario.

What the fair price means is price without speculative money, ie. where it settles at after the bubble ends.
[1] https://en.wikipedia.org/wiki/Equation_of_exchange
[2] https://www.fincen.gov/sites/default/files/shared/Appendix_D.pdf
[3] https://ripple.com/xrp/

>>11271254
>>11271226
Brainlet didnt think about FIAT-XRP ties and its SOON NON EXISTENT correlation between those

>>11271264
hey dumb fuck, this here shows banks wont use it.

>>11271151

>>11271264
Anon on chink board says that it MUST WORK THIS WAY LIKE HE THINKS.

Quick mafs is not your strength

>>11271272
you didn't even read the post did you anon

>>11271280
amazing argument, I bet you were top of your xbox 360 debate team

>>11271264
he calculates the value of something

Cripple xrp is a fucking meme.

>>11271306
t. butthurt shill

Xrp is a security would the average dumbfucks say now.

Where are you braindedbumfuck?

>>11271331
it probably is a security.

The following NY-regulated exchanges wont touch it:
Coinbase, ItBit, and now Circle.

Their lawyers clearly dont want any part of it despite being able to make lots of money trading it.

>>11271321
If I was you I'd be ashamed to present these calculations in public dude, seriously.
I pity the stupid retards that fall for your idiocies.

>>11271345
Just while you think you sound smart in making something up in your mind it reads more like a confusion of your own thoughts

>>11271345
Aaaaand we found the braindeddumbfuck

>>11271264
Btw. you should make a spreadsheet for all the tokens/coin and then present it at the nearest block-chain convention.

EPIC

>>11271348
>>11271386
not an argument

>>11271366
>>11271372
you know there are IDs right, samefag cuck?
nice argument btw

no one wants to touch this security

>>11271591
Isnt coinbase now allowed to trade securities?

>>11271226
>see this on the chart
>always set a buy and sell order 5% up and 5% down
>happens again, 4% wick
>set a tighter buy and sell 1% above and below
congrats, now you have liquidity
thousands of market makers waiting for a xrapid transfer so they can make money

>>11270910
100B in new fresh fiat money will do the job, probably much less actually

XRP in CNBC news

Ripple's cryptocurrency product goes live for the first time with three financial firms
Ripple said xRapid, which uses cryptocurrency XRP to carry out international transactions, is now commercially available.
The development marks the first time XRP will be used in commercial application by financial services firms.
Chief Executive Brad Garlinghouse was set to announce the news at Ripple's annual Swell conference.

https://www.cnbc.com/2018/10/01/ripple-xrp-cryptocurrency-product-xrapid-goes-live-for-first-time.html

do this meaning normie FOMO incoming?

CNBC is big MSM financial channel

>>11271760
yes, huge announcement and

muh not used FUD btfo

>>11271797

now its dipping little, should sell now, or do you see it go higher?

>>11271836
...this is potentially the biggest news yet in crypto and you want to sell now? THIS IS A D O P T I O N!

>>11270937
>>11270940
>>11270994
>>11271742
The absolute state of le XRP hodlers
This shitcoin is going nowhere because 99% of the buying volume comes from clueless normies like these

>>11271985
based and redpilled

>>11271985
>The quality of buyer matters

Oh the absolute state.

>>11270873
lmao keep your kike coin faggot

>>11272045
Yes it absolutely does, and if you don't know that or even worse don't understand why then you should seriously consider selling everything and letting others handle your money before you lose everything.
Also go back to rėddit

>>11271306
>seething his shit thread and kike coin got BTFO with one mathematical response

Yikes dude don't kill yourself, you might make $500 on your investment one day

>>11272104
>Been using 4chan since 2008
>Bought first BTC in 2012
>People literally still posts my memes and copypastas

Whatever you tell yourself at night.

>>11271264
cripple shills on suicide watch!

>>11271985
I'm not holding any xrp (all in Zilliqa btw) but they're right, Marketcap is a meme.

>>11271985
Alastair Constance, CEO of MercuryFX, says his company is jumping on board with xRapid because the product has evolved in two key ways: “There’s never been a dispute about speed or trust in an economic case,” he says. “But it’s become a lot more user-friendly, and also its geography has expanded. I’m getting the feeling that many others are primed to jump on the XRP ledger now. The bottom line is I can make a payment that takes me two days and costs me $50, or make it in a few seconds for 5 cents. It’s a no-brainer. I think this will quietly replace the SWIFT network.”

This is incredible

This is not Ripple hype, it's customer feedback and recommendation

Let the SWIFT replacement commence!

And eat shit, you bitter idiot

Fuck biz for making me doubt this coin seriously

>>11271264
>Nice digits, those trips are a good representation of your IQ.

>>11272414
Did you fall for the LINK meme? See how quiet they are now?

>>11272550
Nah I’m larping lmfao

Imagine being stupid enough to not have at least 20k XRP when it’s the only crypto banks will ever use

XRPtheStandard

>>11272129
why is her tongue so long??
and why do ppl think cripple is going anywhere?

>>11271264
it's ironic how when this truth bomb got dropped all the cripple shills scattered like rats on a sinking ship

>>11273321
Literally just announced that banks are using it you stupid stupid fuck

>>11273976
>>11271264
Nice FUD

>what is a monetary premium

You’ll fomo in at $10 gl

>want to buy more ripple but i used up my coinbase limit

>>11274021

>>11273976
the simple truth is that nobody cares if you miss out

>>11274014
which banks?

>>11274014
yeah, that's why it's down 85% from its ATH
bwahahahahahahahahahahaha

>>11274214

Ripple has better recovery than others alt coins tf are u talking

so i buy this shit this morning and nothing happens, unfuckingbelievable

>>11274214
you are a very unintelligent person

>>11274214
This.

All these announcements, "partnerships", "banks", "muh president clinton", and such a weak pump despite "already being used!". If you didn't (somehow) get in on this at $0.01, you are not going to make it

>>11274264
sell then

you're too stupid to understand

>>11274245
>>11274266
Not really. Monero, dogecoin, stellar, and even ethereum have better %from ATH than cripple

https://athcoinindex.com/