/biz/ - Business & Finance

I remember a few months ago bragging about how this coin will always trade between 0.30-0.40 forever and ever thus making it an easy low-but-assured gain, and then it sank to 0.19
Honestly this shit will be worthless as long as Ripple has all that supply in escrow, unlocking it every month and promptly dumping it on the market. It's suppressed. Ripple won't let it grow. And then there's one of the original creators/founders of XRP who has a shit ton of coins and keeps dumping because he's based as fuck. XRP is functionally good tech but in this market it is garbage due to the people who hold the majority of its supply (and in essence control it)
Shit is highly centralized.

Cope. Jed can only dump 1.5% of daily volume max., which is less than BTC miners dump on the market all the time.
XRP is the Elite's coin. Instituional money and banksters love this coin, as well as all normies. It has the most exposure of all coins, regular interviews with CNN/CNBC.
It will flip BTC because it's the only real world project. Keep coping with your BTC fiat flip fantasies.

>>17268706
Please remember this. XRP was made to solve trillion dollar problem. It's made to scale with trillions of dollars. Even if they keep releasing which they have stopped on Q4 its really nothing. XRP will be the first coin to reach 1 trillion plus because it was designed to be that way.

Oh, did I mention transactions literally happen INSTANTLY at low cost?

>>17268777
checked
I mean I believed all this shit when I originally invested but shit is looking grim the past few years, the company is doing well and continues to succeed but the coin itself looks like it's getting tossed under the bus as banks buy in at UTC prices

>>17269022
>looking
Remember that bitcoin dropped 94% from its all time high back in 2013. XRP did the same but nothing worry about huge drawdown are a sign that we are very early. In the future it will be less volatile

>>17269022
It takes a loooooooooooong time to revolutionize the world's monetary system in a way that won't get you assassinated for supplanting those already in power. If it wasn't taking so long I would be suspicious.

What’s the make it stack? 2000?

>>17268777
Also, checked them God digits

>>17268777
Checked. You'll all see once Moneygram overtakes Western Union on US remittance market share

>>17268662
Bumpo

>>17269138
10K was the golden number in 2018. Not sure now. Probably the same considering the price.

>>17269022
It's happening this year, simply hodl. XRP price is based on utility first and foremost. It will go to 2000 USD overnight, when the flip is switched, this year. I've seen the Accenture contracts, it's real.

>>17269669
Do you have any proof or what articles have you been reading bro

>>17268662
I've got about 3k coins. I am very new to crypto. Is this enough to make it and retire comfortably?

Imagine think XRP will ever go even close to a dollar again. It's barely even used except for ODL.

>>17268777
digits confirm

>>17269710
No proof, NDA. Just by telling you this I could face charges. Simply HODL, no matter what happens. If I am not mistaken I think there will be a huge shakeout before it is switched on.

>>17268662
My main question is, when it will go over 2$? That is the price I paid for my XRP.

>>17269773
this is fucking bullshit

>>17269967
https://twitter.com/tony_xrpz/status/1228565286535610373

Not me, but Ive seen the same thing he has. ;)

>>17269881
Buy while it's low to and bring down ur average investment cost :)

>>17270031

>>17268762
His limitation agreement expires this year, so soon he will be able to dump as much as he pleases anytime

>>17268662
You should've bought ALGO instead you dumb retard. Imagine thinking this will 10x before Algorand.

>>17270088

you utter retard, I don't care about those stupid newfag coins. I dont care about crypto anyway. i only care about Ripple/XRP because im certain it will be the new world order's transaction system, and it will flip btc sooner than you think

>>17269773
I choose to believe.

>>17269773
>huge shakeout
as in $0.10? $0.01?

>>17268706

I cringed reading this

>>17270342
I called you a faggot reading this
faggot

>>17270320
Don't know, but it certainly wont be 0.01 ever.

>>17270379
So we'll see another crash before it turns over?

>>17270415
That is my theory yes, it is not set in stone though. XRP might go to 5-10 bucks then crash to 30 cents, people think the bull run is over, sell their XRP and then it spikes to 2k.

Again this is just pure speculation, all I know for a fact is that it will be over 2k this year.

>>17269129
>>17269121
>>17269022
The reality is xrp doesnt change much. And that's exactly why banks dont care. Venmo works fast enough. Vostro/nostro accounts are a meme not solves by xrp, as is cross border TXs.

Its always the same thing with this crypto bs just look at Link all people do is talk shit.

>>17270437
Based

>>17270342
i cringed reading this

>>17270448
not for countries outside of the bank that is using it

>>17270448
You don't understand what XRP does. You don't understand why it';s needed. You don't understand why the banks are interested in it.

Imagine you're tasked with exchanging 300 million USD and need to change it to YEN. What would even a 1% fluctuation in price over the course of a few hours or days do to the eventual value of what was transferred? How about the fees?

>>17269669
kek

>>17270342
did you really?

>>17270895
>Imagine you're tasked with exchanging 300 million USD and need to change it to YEN. What would even a 1% fluctuation in price over the course of a few hours or days do to the eventual value of what was transferred? How about the fees?
Why would it take me several days to switch currencies around on a computer? Anything xrp can do a central database can do even better.

>you just dont understand
I understand jp Morgan and Goldman Sachs isn't interested in xrp so maybe it's you who doesnt understand.

>>17268706
>>17269022
>>17270360
>>17270457
SALTY NOCOINERS GET FUCKED NIGGERS XRP WILL GO TO THE MOON THIS YEAR

>>17271370
Because legacy banking systems are still using cobalt, you ignoramus. XRP is a working product on the market right now. Itt proved that it can work, and is building trust. As a third-party not beholden to any specific banks it will be trusted more globally than something that would be tethered to a single bank or cartel.

>>17271407
You are an AI

>>17271447
No I'm tyrone in the back fucking your mother while your father jerks off

>>17268777
it was made to solve a problem that does not exist. why would anyone in finance want a blockchain based solution that ends up netting them less profit per transaction

>>17271739
It nets them more profit you mong by reducing transaction fees

2k EOY

>>17271739
You know what you people are so fucking stupid, biz is a cesspool full of morons, dont buy it you stupid nigger

I work at a leading investment bank. XRP is extremely undervalued. I am buying up as much as i can.

>>17268706
>XRP is functionally good tech
HAHAHAHAHAHAHHAHAHAHAHAHHAHAA

>>17271963
>what a retard

>Buying cripple dogshit

>>17271963
You’re the first person to ever laugh at XRP’s actual functionality. Nobody does this, they can shit on the fact Ripple keeps dumping or whatever, but even those retards are not dumb enough to laugh at the literal best digital currency there is.

>4 second transactions
>running since 2012 without a single issue
>no fee spikes to $50 and network freezes when people actually decide to use your cryptocurrency as currency (Bitcoin 2017)
>known fees, burn rate of 20 units on any transaction from a cent to a million
>no chink miner bullshit
>no constant autistic chain wars between forks that have absolutely plagued Bitcoin for years and still do
>brilliant wallet support
>practically immune to all forms of attack

So tell me again what you think is funny about XRP as a digital asset. I’m sure you have nothing to say now.

>>17272213
tl;dr
centralised
premined
fiat
not even a cryptocurrency
ripple uses it as their personal atm to scam brainlets

>>17272213
Don't worry I screencapped the retard and put it into my xrp fud folder

>>17272229
Screencapped. It's going into my fud folder which I will post once XRP becomes the world reserve. Get fucked, nigger. None of the shit you listed matters HAHA

HAHAHAHAHAHAHAHAHAH

>>17272247
>once XRP becomes the world reserve

>>17268662
XRP lol. 80 gazillion tokens of centralized shit.

im literally never going to work again

>>17272262
screencapped, lmao

>>17272268
Good luck.

>>17270080
Is that actually true? Source? Link?

>>17270123
Subtle.

>Xrp not a cribdo

>>17272229
>centralised
Ripple only controls around 20% of validation nodes. Anybody can set up a validation node with zero permission from anyone.
>premined
Yeah it is. Nobody cares though because the alternative is Proof Of Wank which is utter dogshit that cant scale and has inherent flaws such as a tendency to make people fork shit into oblivion. There’s around 10 Bitcoin forks right now. Imagine having to adjust and modify your fucking money systems every time a fork in the network fucks up transactions and wallets. Imagine being an institution hearing about a fork and deciding which chain to side with to upgrade your wallet addresses to it because they won’t be compatible to receive funds from different chain addresses while also forcing people into your battle that you yourself got dragged into because they must now choose who to side with as well. BSV can’t send funds to BCH. It’s an absolute and utter fucking shitshow, and that’s at a consumer level. Imagine the chimp fuckery at an institutional level.
>fiat
What? Are you just throwing shit out there to see what sticks?
>not even a cryptocurrency
Any digital transfer of value that uses cryptography to verify transactions is by definition a crypto-currency. This cockbreath Bitcoiner canned response is very stale and speaks to the tech illiteracy of PoWankers.
>ripple uses it as their personal atm to scam brainlets
It’s just another distribution method. Yeah they sure scammed MoneyGram and the Bank of England, both paying customers to Ripple. Ripple is the only crypto entity out there that actually has people paying them for services. What you described is chainstink. Chainstink makes no money other than token dumps. Nobody pays them for anything at all.

In general I find XRP FUD to be the most unchanged FUD in the whole of crypto. All other assets always have something else to attack, nobody has anything on XRP though so it’s the same exact shit from 2017 repeated 3 years later.

>>17268778
nearly every other coin has this feature except bitcoin.

>>17272229
this.

>>17272439
An hour later and no response. Just as I thought. Get fucked XRPless plebs.