/biz/ - Business & Finance

>>18911370

Normiest of normie coins

>>18911577
>Only 1.9 million wallets holding XRP, in the entire world
>90% of those wallets hold less than 2k
>It's a normie coin
If you say so, man.

>>18911690
you absolute fuckwit dsrooling retard just look around you and in the mirror while you are at it, the internet is chocka full of normies shilling XRP

Hundreds of YT channles, twitter feeds, subreddits, dedicated bagholders websites and whatnot, including the 4 to 10 daily shill threads on /biz - yup, totally underground

what a fucking twit

Is 11k enough to make it?

>>18911744
First off, normie adoption is a good thing. For every XRP video like that, there are 10+ for Bitcoin and Ethereum, while there's probably the same amount of videos for things like Chainlink.
>Hundreds
We live in a world with almost 8 billion people, you think a couple hundred people is a lot, out of the 100 million+ crypto holders in the world right now? You should stop using buzzwords.

>>18911758
how does 1 cent sound?

>>18911805
>my shitcoin is not a normie coin
>being a nromie coin is good
>8 billion people half of which can't even fucking read or write
>buzzwords - now there's a turbonormie experession

OK, retard

Gonna get Italian wife when XRP reaches $4. Dont know if i should hold for $8 then i could buy her a mansion

>>18911989
they sell five bucks mansions in italy?

>>18911805
You need to go back jesus

if xrp is a normie coin due to youtube videos and twitter what does that make btc and eth?

>>18911877
How does a cryptocurrency become valuable without widespread adoption? Please fucking explain it to me. I don't think you can, because you're most likely an underage shitposter if you're trying to apply muh sekrit club mentality to stores of value. And yes, XRP isn't a normie coin, YET, because it only has 1.9 million holders, out of 100 million+ cryptocurrency wallets. This is another thing I'd like you to explain to me. How is XRP a normie coin, when only 2% of crypto wallets hold any? With your reasoning, any coin in the top ten is a normie coin.
>Haha it's not a few hundred people out of 8 billion, it's a few hundred out of 4 billion
My point still stands that XRP youtubers and shit are statistically irrelevant. None of the videos you posted, except one, have more than 25k views (a lot of which are probably bots, knowing youtube.) Almost everyone in the US knows what Bitcoin is, but I've never heard XRP discussed in real life.

>>18912476
this

>google xrp
>see xrp tweets and videos

zomg why is there xrp videos and tweets....fucking normalfags reeeeeeeeee!!!!

Reminder, Ripple only sold 1.75MM XRP OTC last quarter.

Even people buying at a discount don't want this shitcoin.

>>18912647
Reminder that Ripple is intentionally limiting sales, after the community asked them to.

>>18912677
Reminder ripple is supposably having an IPO, they should be showing the best P/E possible.

Shareholders don't give a shit about the community...neither does Ripple. It's called confirmation bias google it.

>Be Ripple
>notice otc sales are going one direction
>Make announcement to clut followers
>They're actually dumb enough to believe it

pic related is you

>>18912862
>More banks/financial institutions being onboarded
>Current partners like Santander and SBI announcing expanded partnerships
>ODL volume skyrocketing to the point that it's projected to do 7billion in volume this year, compared to like 1 billion last year
>Haha you Idiot, Ripple is lying to you. Nevermind the fact that I probably have never worked in finance, and certainly not in an important capacity, just trust me I know how IPOs and shit work
No thanks.

xrp ruined my life

>>18912058

Lol

>>18912949
Seriously anon check it out.
https://en.wikipedia.org/wiki/Confirmation_bias

>>18912949

Those are bad people

>>18912995
>I will not respond to the specific facts of the matter, rather I will apply a generalized concept to all of them
That's pretty weak anon. Also, you don't think you're exhibiting your own confirmation bias, by trying to interpret any news concerning XRP as negative?

>>18913056
So you don't have confirmation bias? You don't have a rebuttal to the facts i presented either. you just spout some partnerships that haven't been fruitful. meanwhile you hold on to this coin thats going the opposite of the market...

>>18913207
Your only "argument" was that XRP must be doing poorly, since Ripple's OTC sales have dropped off. When I brought up the fact that Ripple is intentionally limiting sales for the 2020 fiscal year, your only response was that it was a lie to cover up a lack of interest in XRP. You provided no evidence backing this claim up, just your own conjecture. So why should I take your word that Ripple is lying to their investors? It is not just on my word that Ripple is expanding partnerships with groups like Santander and SBI. It is not on my word that Ripple is forming new partnerships with national banks in countries like Egypt and Thailand. It is not on my word that ODL volume is breaking ATHs every week. Yet you still haven't responded to any of this, and you're acting like I'm the one ignoring arguments, when you never had any arguments to begin with. Either provide evidence of your claims, or don't. No sweat off my brow if you want to look like a fool on the internet.

>>18913346
>Your only "argument" was that XRP must be doing poorly, since Ripple's OTC sales have dropped off.
nope, the pending security case is why it's doing poorly. The risk is WAY to high for anyone but dumb retail.
>So why should I take your word that Ripple is lying to their investors?
You are not an investor in ripple

>>18913407
You should have mentioned the law suit in your first post then. The judge has already thrown out some of the motions in the case, and it should be moving forward soon. Now, I don't have a background in corporate law, and I'm willing to be you don't either. I freely admit that I don't know how the judge is going to rule on motions regarding its status as a security. But if Ripple was seriously in risk of losing this case, it seems very strange to me that they've been able to continue forming partnerships with big names in finance. These big banks have armies of lawyers to look over shit like this, and something must have told them that the risk was low, or why bother with doing business with them, if they're just going to get barred from US markets? And if you're argument is that the lawsuit is why XRP is doing poorly, then you must admit that it will moon if the case is decided in Ripples favor?

>>18913761
>corporate law
its a civil case
>I don't know how the judge is going to rule on motions regarding its status as a security.
Easy, ripple & its holders have been treating it as security. Check out the Howey test if you are unfamiliar. We can speak about it further. To keep it simple, ripple is the only one that creates it, it has an continuous IPO (ICO) via the OTC counter.
> then you must admit that it will moon if the case is decided in Ripples favor?
buy then, people holding now holding something going the opposite of the market & much, much higher risk.
Tones of bag holders, the ripple employees dumping, ripple itself needs to boost sales for its IPO to obtain the best price. It not just going to shoot up. WAY to much of this coin.

>>18913975
>It's a civil case
Okay, and it pertains to a subsect of law known as corporate law. What are you saying here?
>Howey test
Is not a rule, regulation or statement of the SEC. If it was as easy as you implied, I don't think this case would still be ongoing.
>Going opposite of the market
?

Is it technically possible that ripple becomes libra?

>>18911370
Too many people have realized that this is a scam for it to moon even in a pump and dump scenario like 2017

>>18914335
>I am smarter than 400+ financial institutions
Okay

>>18914335

>>18914192
>What are you saying here?
Civil cases don't require as much evidence
>If it was as easy as you implied, I don't think this case would still be ongoing.
ripple have over priced lawyers & paid off high power pedos (clinton/podesta). Ripple have been kicking the can down the road for a while. They are trying to keep the scam running for as long as possible.
>Going opposite of the market
its losing sats, btc is the crypto reserve currency

Lest compare Ripple/XRP with an IPO.
1. both are the sole creators of the supply
2. both are an investment of money.
3. both are a common enterprise.
4. both have an expectation of profits predominantly from the efforts of others.

They said they're an MSB (Money Service Business). Shame they don't act like one.

>>18914423
>howey test
very old fud

>>18914484
>probably doesn't know why its called the howey test
Have a look at the case that made the howey test, that poster clearly hasn't. Shame you follow blindly.

>>18914423
>Civil cases don't require as much evidence
Okay? Most cases pertaining to corporate law are civil, until you start getting into criminal shit like fraud.
>Ripple have over priced lawyers & paid off high power pedos (clinton/podesta)
Another bold claim, which I see you have provided no evidence for. I thought we went over this?

>Lest compare Ripple/XRP with an IPO.
Yes, lets apply a test created in the 1940s to cryptocurrency. No wait, that's stupid, let's actually apply the 2018 statements of the SEC director of the division of corporate finance
>Going beyond Howey, Hinman also talks about how decentralization can be a potential way of making a token not covered under Howey. This is because in a highly decentralized network, there is no clearly identifiable third-party that brings about the appreciation of the currency. As he notes, a network is sufficiently decentralized when “purchasers would no longer reasonably expect a person or group to carry out essential managerial or entrepreneurial efforts.” He goes on to note that decentralization makes regulation cumbersome and unnecessary as “the ability to identify an issuer or promoter to make the requisite disclosures becomes difficult, and less meaningful.”
Ripple is going to argue that the network will become gradually more decentralized as more validators come online, and that eventually most of the XRP supply will be out of their hands.

>>18914726
>which I see you have provided no evidence for
pic realted
&
https://www.forbes.com/sites/yoavvilner/2018/10/03/bill-clinton-speaks-at-swell-by-ripple-as-regulatory-concerns-grow/#4b1a04a122fc
I know it's the best I can do
>Yes, lets apply a test created in the 1940s to cryptocurrency.
XRP is not cryptocurrency, its blockchain. Cryptocurrency is already regulated by the CFTC.
>a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

>purchasers would no longer reasonably expect a person or group to carry out essential managerial or entrepreneurial efforts
but you expect this..hence what I'm saying. you've brought up b/c of the partnerships, They are an essential part to your purchase. You are treating XRP as a security.
>eventually most of the XRP supply will be out of their hands.
A corporation could argue the same thing...the issue is now, the dump could last for 20 years, maybe even longer...imagine if they only sell ~600k a month like they did this quarter!

>>18911370
/thread

>>18914583
>doesnt disprove anything in the reddit post at all
yeah im thinking its cope

>>18915143
>bill clinton speaks for ripple
>OMFG CLINTON AND RIPPLE ARE IN THE BED TOGETHER
this is /biz/, not /pol/

>>18915143
>Ripple paid Podesta's lobbying firm 150k in 2015, to advocate for them in the US Senate/House of Representatives
>This means they are agents of the deepstate lizard pedos
You seem to be reaching hard here. It makes sense to use a lobbying firm that had ties to the current government administration, when you're trying to get said administration to adopt your product. I don't think it's a coincidence that they stopped using that firm after Obama was out of office.
>XRP is not a cryptocurrency
That is yet to be seen.

>>18915404
Read the case, here's one bit. Educate yourself, don't blindly follow others.
https://en.wikipedia.org/wiki/SEC_v._W._J._Howey_Co..
>The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others. If that test be satisfied, it is immaterial whether the enterprise is speculative or non-speculative or whether there is a sale of property with or without intrinsic value.

>>18915478
again. i ask you to refute the information here >>18914484
which clearly shows XRP is not a security

>>18915528
Getting this guy to provide actual arguments to your points is like pulling teeth. He just expects you to only address his claims, but not the other way around.

>>18915461
>You seem to be reaching hard here
I did say 'its the best I have'...i do hope you see that these speeches are a backdoor into political pockets. Neither of these have good reputations.
>That is yet to be seen.
Nope, been this way since '15. You're too new.
https://digitalcommons.law.msu.edu/cgi/viewcontent.cgi?article=1003&context=jbsl

>>18915528
I have refused this, the green text is straight out of the howey case. the case that made the test.
Read the case, you think you're smart
Read the above link also.

>>18915580
yep.i dont get why there are so many fudders for XRP. Its not like were mooning. Fudders should only attack coins that are overvalued

>>18915614
>the original supreme court case..... from the 1940s
vs
>the modern definition of howey test
nah, fuck off /his/. Actually try to refute ALL his points here >>18914484

>>18915580
it's difficult when you're dealing with people that have a confirmation bias. Ex. That cryptocurrency definition is the one in all the major dictionaries, it's based off the '15 doc I posted.

>>18915614
>Links a 63 page report about Bitcoin from 2015
So let me guess, you just expect me to sift through all this to find the part where it says XRP isn't a crypto? You expect me to read this, when you still won't even fucking read or respond to >>18914484
What the fuck, man?

>>18915663
You bring up confirmation bias again, but you're the one who thinks XRP is some satanic pedo tool because of 150k in lobbying fees. The only legitimate thing you've brought up in this whole thread is the undecided lawsuit.

>>18912308
Right. Idk if they’re larping and want all the gains for themselves. But xrp is not a normie coin at all. The amount of hate it gets from normies is part of the intrigue. Just look at the Tinklevoss boys, they hate it.

Also there is a whole industry of gear and bullshit they sell around btc so that’s about as normie as it fucking gets. Obviously I still hodl btc as I’m not retarded

>>18915658
You're wasting my time, I've been through this with the XRP tards many times before.
>>/biz/thread/S9920637#p9920637
You can guess which one is me.

>>18915675
the TL:DR is it shows that XRP will never be a cryptocurrency. I provided the doc for what the definition is based on, you didn't like it, not my problem. you don't want understand cryptocurrency, obviously. as I said, confirmation bias
Also see above link. The howey test reddit post has already been answered >>18915478. Don't see how that doesn't answer it

>>18915880
dont give a fuck how long youve been fudding XRP. you still have never fully deconstructed and refuted >>18914484
therfore everything you say is meaningless

>>18916105
i have retard, you're too dumb/have to much confirmation bias
What else do I need to say? The Howey case has already said it >>18915478

>>18916150
>i have retard
no you havent. show me the post you made that fully deconstructs >>18914484
all you do is say
>he shouldnt use the modern definition of the howey test, he has to go back to the 1940s

>>18916309
>show me the post you made that fully deconstructs
I'm not wasting my time on retards that can't read themselves. I know you paid shills to well. You don't even understand yourself hence you chose the easy way & just posted a picture.

>>18916392
But you never addressed his claims. You linking to a wikpedia article is not an argument. Get of your intellectual high horse, dude. You've provided no original arguments, and you just plagiarize things on wikipedia that you don't understand.

>>18916938
>You linking to a wikpedia article is not an argument.
it is, read the whole case if you want. I have, about 5 years ago, when the BTC case was on going. Do you have a rebuttal to the green text? I'd guess you don't, as you lack understanding. It's the confirmation bias i've been on about.
>You've provided no original arguments
kek i NEVER see people post that article that made cryptocurrency what it is today, most here weren't around when this was going on. most arrogantly assume, like you. the link & xrp cults are the worst for this btw. you are WAY too new to make such pronouncements.
>you just plagiarize things on wikipedia that you don't understand.
you have no fuckin clue, before crypto even started I got interested in securities. Even was trying to create my own...But I'm not an expert. However, i've forgot more than you'll ever know.

great rebuttal Anon, the literal TL;DR for cryptocurrency doc is the definition, one you just dismiss as it doesn't fit into your confirmation bias. I think, you've proven your unwillingness understand. great job projecting newfag.

I did hope I made some progress with you...oh well, dismiss my 9 years in something that's only existed for about 10 years. You must have sooo much more knowledge on things you've demonstrated you don't understand. Your rebuttals don't differ from the ones i posted from the archive posted.
Arrogance gets in the way of learning, you've demonstrated this.

XRP