/biz/ - Business & Finance

>>14497352
Please go up.

>>14497352

plz god go back to $3 so i can return all the money i borrowed for these bags.

>>14497449
Seriously?

Dropped this shit coin when I holded it for 1,5 year on my ledger and went all in on certain shilled coins on biz. Dubbled my stack if I buy now but I don't see it go up much anytime soon.

Most legit thing ever. Buy my shit and I'll tell you why its totally not a Shitcoin

De-risking, sorry.

>they don't buy ripple

>>14497352
reporting in

>>14497464
when xrp booms it booms the hardest

>>14497789
Please boom.

>>14497935
Kek

1k fidget spinning bag holder. I'm waiting for a boom to get back what I lost

strong buy signals right now & stake.com and primedice just added xrp

Eat shit and die, queers.

>>14497352


t. loser cripple

>he isn't all in a 3x XRP long from the bottom
not gonna make it

no matter what news, listings and partnerships Ripple brings out, the price is stuck. It has always been like this and probably always will be, bar December 2018, but that was all crazed Koreans buying it because there wasn't much else to buy then.

There is an IMMENSE sell pressure always present from Ripple. Still some 58 billion XRP left for them to "distribute", it shouldn't take them more then a decade or two.

>>14498317
The escrow unlocks 1 Billion per month for 55 months.

>>14498466
and you think that 1 billion a month being made available to the market is not enough to dampen any price increase? 1% of the total supply EVERY SINGLE MONTH?

When was the last time they sold ALL of the 1 bil?

Even at full whack it would take them 5 years to sell it all, not to mention it would totally cripple (pun intended) the market.

>>14498287
fuck, im on a 8x leveraged long. am i fucked?

>>14498552
They haven't been selling the full 1 Billion per month. On the one hand, I think the fact that they are selling a few hundred million per month is a good sign, because it means that smart money is buying it in large quantities. On the other hand, we don't know how much of a discount is being offered, and how much is immediately dumped on the retail market for a quick profit.

>>14498587
So to sum it up, if you hold XRP you are going to get fucked by Ripple or whoever they sell their bags to OTC for the next decade or two.

I'm glad we are in agreement.

Rather take a shot with Cardano and ADA.

>>14498564
never go above 5x, even that is high

>bought at 0.38c
I AM FINANCIALLY RIPPLED

>>14498737
>HuRTS
>red ID

rev up those stop orders

>>14498617
I think you a really a huge fucking simpleton moron reading bullshit from shitheads here just like you.

>>14498780
as opposed to you with your erudite well presented arguments to the contrary of what I said?

>>14498587
>smart money
>buying xrp

Bruh

>>14497352

Soon.

>>14498807
Retail investors aren't allowed to buy XRP directly from Ripple. Only high net worth individuals and corporations are allowed to buy directly from Ripple.

>>14498817
I sometimes wonder how come SOON is not a trademark of Ripple Inc. yet

>>14498833
Who would do that?

>>14498886
Whoever. I mean, given the opportunity and having the means, would you not buy at a discount and then slowly bleed dump to make it less obvious?

It's free money

>>14498929
So the value proposition of xrp is for wealthy people to buy in bulk at a discount and dump on poor people?

>>14498944
maybe it was not the way it was designed from the get go, but it sure as shit looks it works that way now

>>14498929
Buying XRP OTC from Ripple, you are not allowed to sell for a certain period of time. Generally a period of a few years.

>>14499029
So you have incentive for the price to increase.

>>14499029
Where's your proof of that? Or is all part of the NDAs?

>>14498587
iirc the majority of their monthly sales are to exchanges.

>>14499069
who surely will just keep the XRP for many years as per >>14499029

Someone posted a screenshot of them holding a billion Ripple the other day and I'm inclined to believe that it really wasn't a LARP. I think it was a founder LARPing as a retard on here unironically

>>14499057
It is indeed part of their NDAs and other contractual obligations. Ripple has released statements on how their OTC sales work in their reports.

>>14499069
The majority of their sales to exchanges make up the 'programmatic sales' portion of their OTC. Institutional direct sales are the ones under contract.

>>14497352
ripple is designed to psyphon real cryptocurrency and replace them with that duper token..
you are better off buying diamonds in runes of magic than investing in ripple.

pretty sure it like 3000 diamond = $100

rom diamond is literally better than ripple.
a 10+ year old technology.

>>14499123
so who keeps dumping then? The circulating supply keeps increasing and the price is stagnant at best...

>>14498287
>3k sats
>bottom
I wouldn't long this shit that high.
I'll wait for sub 2k sats.

>>14499275
Since XRP isn't a mineable coin, I don't think we're going to come to an agreement on a suitable definition of what the actual circulating supply is. I would like to see what provided your conclusion that the circulating supply is increasing so maybe we could talk about it more.

Why would anyone buy this beyblade inspired shitcoin

>>14499420
the circulating supply as listed on CMC or Livecoinwatch. Where do they get the data from? I guess only from what Ripple reports. Unfortinately they don't chart it, just list the latest, but somebody over at XRPChat is keeping tabs on it and it has increased significantly since the ATH.

>>14499463
That is the issue. CMC just lists the circulating based directly on what Ripple reports as distributed in total. Are all the private wallets currently in escrow, made by random fucko nobodys, currently in circulation? Circulating supply is an awful metric to judge a premine by.

There are plenty of people dumping on XRP. Jeb Mcaleb, charities Ripple has donated millions and millions to, and startups founded and funded by Ripple partners and former employees. These probably have very little(but some) effect on suppressing price for the long term.
The price of XRP depends on the utility and velocity of the network. If anything an increased circulating supply points towards their ability to make the market is weakening because of how they are restricted in how much they can dump monthly.

>>14499630
selling as a percentage of trading volume has a HUGE impact on the price, since most of the volume is wash trading, i.e. fake. The real volume, where two unrelated parties exchange XRP for fiat and back is miniscule by comparison, certainly not in the billions reported on CMC.

>>14499751
So are we talking about circulating supply or trading volume? I have no idea what point you're really trying to make here

>>14499797
i responded to the second paragraph you posted

>>14499815
So there are groups currently dumping on the market, and the market still gives a speculative value of around 40 cents. How does impact XRP long term?

>>14499834
if these "groups" are Ripple themselves as a company or individuals. You tell me what effect on the price that may have long term. It would take them a decade to dump it all at the current pace. If you think thats all hunky dory, that's you prerogative. I am more inclined to think this stinks to high heaven and XRP is something to be avoided as the plague because of it.

>>14499865
It's still going to skyrocket soon.

having 30 000 XRP feels comfy

>>14499865
It's an open ledger fren, feel free to DYOR on who Ripple sells OTC to or provide evidence to change my mind. I'm afraid a conspiratorial gut feeling won't be enough to sway me.

I've been HODLing this coin for a year and its performance is getting on my nerves.

>>14499932
there's no gut feeling, it's numbers and facts straight from the horses's mouth. It's how you interpret them. You seem to be happy with the way things are, good for you. I'm not here to change anyone's mind, but to see if I have missed or misinterpreted anything. So far, nobody has been able to provide any solid arguments to change my mind. Things like NDA's are not gonna cut it for me, as they are no facts, they are rumours by definition.

>>14500782
The only thing from stopping you from doing research is yourself, so whatever man. You do you