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/biz/ - Business & Finance


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File: 145 KB, 1102x734, xrp-.jpg [View same] [iqdb] [saucenao] [google]
22134783 No.22134783 [Reply] [Original]

XRP schizos, Explain to me how XRP will go from .3$ to 2000$ in "A flip of a switch"?
No assest in history has exploded like that ever.
And why must it happen EOY and not later?

>> No.22134817

HOLY SHIT A SWITCH JUST FLEW OVER MY HOUSE

>> No.22134825

>>22134783
get ready cause its going to be the first one.

>> No.22135165

>>22134783
I don't believe it will just flip like that, I bought it because it's a long term investment + flare

>> No.22135270

>>22134783
All reputable any useful crypto platforms are going to see exponential growth come the very next economic crisis. XRP is simply going to be worth A LOT more than it is now. It’s simply the standard.

>> No.22135307
File: 23 KB, 225x306, 1586097139886.jpg [View same] [iqdb] [saucenao] [google]
22135307

>>22134817
That was a house not a switch.

>> No.22135345

>>22134783
It wont. Even the schizos realize its just a larp. We just do this for fun.

If there was even one tiny shred of a percentage that this could be remotely true, the price would appreciate which it doesn't.

>> No.22135514

>>22135345
>Implying there aren't massive sell walls due to Jed/ODL capable of absorbing any buys even billions of dollars worth

>> No.22135657

>>22135514
>implying any of those walls are real orders, not just bot spoofs or that any of the volume is actually real trades instead of fake wash trading

Gentlemen, we have a total newfag here

>> No.22135696

>>22134783
hahbheaurauub fuurrfasduf ppffofffft fuuu guuurble guooobblre hNNKkKKK aaHHHHH...ddrrrrr...uh.....
Like.......FLLekkaakkbppoofffffooottttttt,
OK

>> No.22135701

>>22135345
ofc it will retard, it´s all so obvious, read more

>> No.22135932

>>22134783
Their idea (and I am not saying I agree) is that the price of XRP is a function of the total volume of transactions across its network combined with amounts held in reserve by entities utilizing XRP for whatever their purpose is.

Ripple is arguably one of the better positioned companies for broad adoption by the banking industry due mostly to their work in regulatory compliance and connections across the space.

The theory is, in the background, Ripple has been priming banks to move a portion of their payments to the XRP ledger due to its efficiency and cost savings.

The "switch" refers to the moment when the majority of these players move from traditional payment rails to the one Ripple has built. So imagine a large portion of the worlds financial institutions suddenly moving their volume to the XRP ledger. I mean we're talking trillions of dollars a day.

Some believe this necessitates a high XRP valuation to hedge volatility or slippage while transactions are executed. Keep the order books stable etc.

>> No.22136021

>>22135514
This is how you spot a newfag, its like they hunt themselves.

>> No.22136032

>>22135932
wtf are u doing making sense and shit bro stfu

>> No.22136088

>>22135657
>>22136021
Can you prove me wrong?

>> No.22136146

>>22135932
That's like the reasonable explanation.

But then you get into all this NWO, Q-posting, satanic bible shit and I think that's where a lot of people look at XRP supporters and just roll their eyes.

It's unfortunate because XRP actually is a really good investment for the long term. It's tough to name any single other company in crypto with the resources, connections and longstanding relationship they have. David Schwartz is a pretty brilliant guy.

XRP gets a lot of fud (deservedly I think because it's kind of an antithesis to what we thought crypto could be for people) but much of it is just due to its lame price action. But that's kind of the crux of the issue. It's in the gap right now between speculation and utilization.

There is no reason mechanically why XRP can't reach an individual token value of 10, 100, 1000, even more. It's literally just a bet on whether you think its going to be adopted/used or not.

>hint, it is

>> No.22136203
File: 188 KB, 680x680, 1598641686264.png [View same] [iqdb] [saucenao] [google]
22136203

>>22136088
Checked but spoon-feeding season is over. DYOR.

>> No.22136236

>>22134783
bitcoin went from 30 cents to 20k fucking nufag

>> No.22136273

>>22136088
Jed is actually contractually obligated to sell a certain amount of the daily volume specifically so it doesn't affect volatility. It does add an overhead downward pressure but it's constant. As far as I know Jed can't set the price of his sells or put up "sell walls". He can't even choose the option to NOT sell.

>> No.22136277
File: 173 KB, 1332x666, 1591649260460.gif [View same] [iqdb] [saucenao] [google]
22136277

>>22136146
Is there any other shitcoin with similar schizo theories? I think not, so people should think a bit about this.

>> No.22136292

>>22136236
BTC didn't/doesn't have 45b shitcoins in circulation you idiot

>> No.22136370

>>22136292
well XRP has 6 decimals and bitcoin has 8 so they are much more close in supply than you would think at first glance. Most arguments from supply completely fall apart once you acknowledge this fact.

>> No.22136407

>>22136292
It’s cause world banks are maybe gunna settle with crypto and 1 xrp will be the new gold standard or some shut idk they are schizo though but whatever I got a 500 sui stack just in case the schizo actually found a patter in the numbers

>> No.22136452

>>22136277
Checked.

>> No.22136507

>>22136277
Yeah but it's not about supply in the long run, it's about utilization. Could you imagine the worlds real time banking organizations all trying to transact on the BTC chain?

I mean for us retail investors you're right. Supply and mcap is a huge function of price.

But XRP is fundamentally a different TYPE of investment. I think that's what a lot of people miss. Sure we can flip ICOs and DeFi coins and turn a great profit but that's not the same as betting on the future of global value transfer.

>> No.22136528

>>22136277
whoops, replied to the wrong post
>>22136507
was for >>22136292

>> No.22136539

>>22136146
the Q-stuff is FUD intended to turn off all the avg-IQ normies, same function as Alex Jones

>> No.22136673

>>22136539
Dude I honestly can't even tell anymore. The problem with that is you get people that actually DO believe it 100%. So are they fudding? Or are they shilling which actually turns into fud? Or are they fudding but then retards interpret it as shilling?

It's just such a god damn mess I don't even know who is ironic/unironic anymore

>> No.22136767

2000$ maybe not, but sure around 200 EOY

>> No.22136808

>>22136673
Same, I just got a suicide stack in case all this schizo shit turns out to be true.
The coin is stable so my investment is pretty safe.
There is nothing to lose but a huge upside potential.

>> No.22136976

In two years, they'll stop suppressing the price once jeb has no more bags to empty.

>> No.22137094

xrp is a long term coin. give it 5-10 years it might be $1000+

>> No.22137110

>>22136808
Bro I am seriously confident that XRP has huge upside potential. It just doesn't fit what /biz is interested in which is get rich quick, fuck trannies, flex on poor people as far as I can tell.

It's just not EXCITING and that's why it doesn't get traction with people who just want to be spoonfed the next 100x.

But people are putting the pieces together. Doing real research. The path forward is pretty fucking clear at this point and it doesn't even rely on all this mellon baba schizo shit.

The world is transitioning to digital payments. That is an objective fact. Ripple is a well connected, well funded, well regulated digital payment company. Another objective fact.

People just need to put two and two together. I gamble on shit coins all the time and 10-20% of my flips go directly to my XRP stack for the last three years. If it doesn't hit, no worries, I lost 10-20% of my gains.

If it does... the world becomes my oyster. I'm willing to risk 20% on a fairly safe bet for that.

>> No.22137111

>>22136673
yeah i think schizos get waaaay too caught up in the specifics, rather than just simply looking at the big picture of the globalist/NWO/freemason shit.

i mean, there are unironically people out there who don't believe in secret societies and shadowy cabals. this stuff has been going on for centuries and is extremely well-documented in the literature. it's a shame that the schizo realm tends to attract so many lowbrow individuals who come off very unlikable.

>> No.22137125
File: 2.29 MB, 3744x5616, holywownewwaifu.jpg [View same] [iqdb] [saucenao] [google]
22137125

NO MORE SPOONFEEDING FAGGOTS
ANYONE THAT DOESN'T KNOW OR HAVE A BAG AT THIS POINT DOES NOT DESERVE ONE

STAY POOR FAGGOTS AND GET READY FOR THE CHRISTMAS OF YOUR LIFE ZERPCHADS

>> No.22137154

>>22134783
>I'LL SEE YOU IN LICHTENSTEIN!

>> No.22137230

>>22136976
he has a fixed rate for selling, 1mill a month, even with his 140m stack this well get eaten up by the enterprise adopters like nothing, even at $10 per thats only 1.4billion, a mere penny in volume of world finance

>> No.22137260

Does anyone else feel xrps energy on a metaphysical level? My instinct is XRP might really moon big. I cant help but feel like it could change your life if you hold long term.

>> No.22137332

>>22137230
No it's fixed based on overall volume, not a static number. And his % of volume hes allowed to sell applies to all his family or other relations that pull from the wallet. Ripple actually has custody of the actual wallet and releases it to him so there is no actual way he can "dump" tokens

Not to mention he donated a good portion to MIT. Jed is not a bad guy. You just can't have the "Mt. Gox guy" on the team when you are talking to the IMF, US Treasury dept, Bank of China etc.

>> No.22137331
File: 38 KB, 545x500, HODL.jpg [View same] [iqdb] [saucenao] [google]
22137331

>>22137260
the only way it works is if you hodl, those with diamond hands will reap the benefit, beware the shakeouts

>> No.22137352

>>22137260
Just checked out the coin's summoning sigil on a Kabbalistic Gematria SuperComputer... I'm thinking 1000k EOY

>> No.22137366

>>22137111
amen bro

>> No.22137391
File: 274 KB, 1072x880, electricity.jpg [View same] [iqdb] [saucenao] [google]
22137391

>>22137332
i agree, thanks for the specifics of the arrangement, i just know as it stands the release of his allotment is controlled and even though the numbers seem high to the layman looking in, when put into perspective of enterprise adoption and the long term scale of what is currently being undertaken i know it's unimportant to even think about

>> No.22137402

>>22137331
So true, wouldnt doubt there is at least 1-2 more dumps for xrp before the steady rise.

>> No.22137437

Brainlet here, I have a question. Why won't banks make their own xrp? It's open-source, right? So just run blockchain internally with nodes runned by the banks. Why share your money with plebs

>> No.22137443
File: 64 KB, 640x983, 1598470455005.jpg [View same] [iqdb] [saucenao] [google]
22137443

>>22136370
If you want to compare drops(XRP) to satoshis(BTC) there are still many more drops than satoshis and XRP hitting 200 dollars would be the equivalent of BTC hitting 1m.
>>22136507
XRP meant to be used for swaps ie your put all your money into xrp swap to different country and then swap back to that country currency for very fast transaction. Banks upgraded so their systems just do that now and you can use an Oracle with their API to have the transactions on chain. Swift is already instant and there's no real reason for banks to adopt XRP. It isn't as mindblowing technology as people here seem to think it is. Ripple may get rich off mass adoption, but there's no reason why XRP investors will too.

>> No.22137455

>>22137391
absolutely, in the scope of actual utility of the token its a fucking drop in the bucket.

>> No.22137493

>>22137402
I am ready for the dumps to buy more. I am still a stacklet, but trying to get to 5k by november.

>> No.22137559
File: 29 KB, 679x516, 1598778326113.jpg [View same] [iqdb] [saucenao] [google]
22137559

>>22137443
Also, to elaborate more the fundamentals actually go against the idea of a high-value token, e.g. banks only holding it for a matter of minutes at a time rather than holding long term, no incentive to lock up coins with staking. Plus having to pay exchange fees on both sender and receiver exchanges would kill the idea of it being more economical.

>> No.22137567

>>22137437
Big companies and governments prefer to throw money and buy proven technologies with a history and track record for support instead of trying to start their own, since they'd have to do 8+ years of catch up, and buying the talent over to develop their own fork is likely more costly and not in line with their specialization - it's like why a taxi company buys cars from a pre-made company instead of building all their own fleet

>> No.22137616

2000 is a joke..even the most conservative estimates are around 200 usd.

>> No.22137657

>>22137110
Mellon and Baba both said XRP HAS to hit 2K eoy.
Both emphasize on the necessity of the matter and that it cannot be postponed until 2021.
I believe XRP can hit 2k, I just don't know when.
The change required to make XRP hit 2K is behemothic and gigantic, that's why I'm skeptical.

>> No.22137750

>>22137443

just bitcoin circulating vs xrp total would be
1.84 vs 100 or 54x with current price of bitcoin $11440/54 = $211

Its the complete opposite. The equivalent of XRP hitting 200 dollars would be the equivalent of bitcoin hitting.... current prices...

That's why argument from supply is trash, it just doesn't make sense.

>> No.22137776

>>22137567
Right now almost half xrp is in circulation. Which means they will share half of their combined liquidity (which is trillions) with you and me. How losing trillions is better than just forking?

>> No.22137781

>>22137443
>>22137559
I like what you're saying but I really disagree. Like I said, XRP price is a function of volume across the ledger plus reserves. It doesn't matter how long people are "holding" it, what really matters is the total throughput of the system. And Ripple is not setting exchange fees, the only fee involved on the XRP ledger is the tokens burned by transacting. Exchange fees are more end user, set by banks.

So for example, with volatility in mind, if you are send a million dollars, is it better to send it as:

3,571,428 XRP

or

500 XRP

Which token value mitigates volatility?

>> No.22137850

>>22137657
I don't believe in Mellon and Baba. I believe people get bored on the internet and want a fan club.

I also believe XRP will boom huge

>> No.22137932

>>22136673
I compare this to how Pizzagate got turned into the nonsense it is now. Pizzagate started out with some truth about weird language that was used in the DNC's email chains and connections the DNC had to a Pizza restaurant in the DC area that gave off the image of a children friendly atmosphere with very sexual images posted on their Facebook pages.

This idea was spun in such a ridiculous idea that children were being kept in the basements so much so that someone brought a gun in (potentially an actor) to try and break them out. Now anyone who says Pizzagate (the ones who think kids are being locked in the basement are) is instantly a crazy person even though the base idea had some substance to it.

>> No.22137954

>>22137776
Don't get me wrong I do keep suicide stack just in case, but this flippening thing just doesn't adds up. If anything they'll use their own blockchain for interoperability and some stable coin for plebs

>> No.22137999
File: 3.28 MB, 7000x5893, 1586787925535.jpg [View same] [iqdb] [saucenao] [google]
22137999

>>22137932
Shilling, right?

>> No.22138028

>>22137230
To add to that: Even of Jed were to dump his entire bag of 140m that would only affect the price by a mere .003%.
Don't fall for the fud.

>> No.22138037

>>22137750
couple this with the fact that XRP is superior technology and will actually get utilization as a global reserve currency and that flare will soak up the entire derivatives market, you can easily see that 2k EOY is FUD.

>> No.22138173

Sorry to break it to you frens but XRP won’t even be $2 EOY, probably not even EOY2021. That’s a trillion dollar market cap. And XRP won’t flip BTC until ETH does.

>> No.22138332

>>22137999
I'm confused if your asking if I'm shilling. What I am trying to say is how the media brainwashed everyone to think Pizzagate is an insane conspiracy theory is similar to what I think people are doing to XRP. I believe in both the bases of both. That Pizzagate is based on very substantial claims like the image you posted and that XRP will be an valuable asset.

>> No.22138357

>>22137999
BASED. fucking hate pizzagate deniers. i bet you both deny it and also somehow think trump is in on it too

>> No.22138382

>>22138173
What would you imagine would be the value of revamping the entire financial system?

>> No.22138432

>>22137999
wait... Edgar M. Welch worked at Goat Hill Pizza? is that true?!

>> No.22138471

>>22134783
It won't happen EOY - later. What will happen EOM will be $1.

>> No.22138496

>>22134783
Anyone who unironically believes it'll go to $2000 is delusional

>> No.22138549

>>22138496
>Anyone who unironically believes it'll go to $2000 is delusional
i remeber when this was posted about btc a decade ago kek

>> No.22138612

H P | Flare:

Flare opens up the 3rd largest chain to Smart contracts - backed strongly by that existing ecosystem and userbase . Of the projects recently launched or launching which ones have access to an ecosystem so large?

They all have to grow their ecosystems from scratch

Flare and the XRP ecosystem have a symbiosis

Its also incredibly easy to deploy existing projects on Ethereum to Flare.

If the original Ethereum devs dont want to do it - we are well aware of people that are hungry to do so.

The XRP ecosystem is broad and with really strong Dev talent

There is a strong desire to build for XRP

Lastly and a point that really needs to be grasped by people - Proof of Stake can be controlled by money. Thus the networks that use it can be easily controlled by unknown parties.

We will forge our own but invite Ethereum in if they would like to join. What we can do is benefit from the bit of it that have been good.

You don't need to understand Avalanche. Flare is Federated Byzantine Agreement. Like XRPL and Stellar.

Look at where the Hashing power for BTC is concentrated.

This is similar to where much of the staking comes from.

And regardless Proof of Stake leaves networks open to control at any time simply thru purchasing tokens.

Can that really scale?

I think you know the answer...

Flare doesn't suffer from this problem.

>> No.22138619
File: 893 KB, 1878x1272, 1599007239015.png [View same] [iqdb] [saucenao] [google]
22138619

>>22138496
Is this you?

>> No.22138622

>>22138496
Could you answer this?
>>22138382

>> No.22138989
File: 1.30 MB, 2450x1481, 1586788045420.jpg [View same] [iqdb] [saucenao] [google]
22138989

>>22137999
I done read not good and confused us both. I see what you mean, very true.
I'm more on the EVERYONES A FUCKING PAEDOVORE SATANIST ADRENOCHROME DRINKING TRANNY train, probably why my friend(s) think i'm a schizo as per your explanation.

>>22138357

>> No.22139879
File: 786 KB, 780x852, satanicfilth.png [View same] [iqdb] [saucenao] [google]
22139879

>>22136146
>hurr durr satanists dont exist guise heheeheh atheism forevah the occult what????

you are so fucking blind to it all.

>> No.22140438

>>22139879
Dude, stop.
No more spoon-feeding.
Let these niggers stay poor for the reminder of their lives.

>> No.22140482

I’ll break it down simply.

A few independent posters have come on here with believable stories that they are insiders and that the elites are planning to get the world to use XRP, and not only that, but that it will moon instantly (switch flip).

Those that know the Bible and that the scriptures cannot be broken, know that we are very close to the return of Christ, which means it is likely that within 3-7 years you will only be able to buy and sell if you have a mark in your hand or forehead (Rev 13:16.17). It would be logical that crypto would make it happen.

Researching the breadcrumbs from higher ups (imf, fed, trump, treasury, big banks) there have been a lot of hints that XRP is being in laid behind the scenes, and insiders posting on here have corroborated

>> No.22140567

>>22136146
>But then you get into all this NWO, Q-posting, satanic bible shit and I think that's where a lot of people look at XRP supporters and just roll their eyes.
But when you look into that shit it checks out. Rolling your eyes doesn't make it fake. Iykyk

>> No.22140636

>>22140438
this, stop feeding truffles to swine

>> No.22141552

bump

>> No.22141796

Do you guys think it will dip below .20 cents again?

>> No.22141939

>>22141796
How does $0 sound?

>> No.22141982

>>22141939
kek

>> No.22141996

I thought XRP was suppose to start mooning this month? Why did it take a fat dump today?

>> No.22142274
File: 87 KB, 1080x735, Screenshot_20200902_222824_com.brave.browser~01.jpg [View same] [iqdb] [saucenao] [google]
22142274

I saw the new Nvidia releases today and their design made me chuckle. I guess i'm buying an RTX 3090 with my profits

>> No.22142423
File: 50 KB, 554x555, 1597358005960.jpg [View same] [iqdb] [saucenao] [google]
22142423

This all sounds mad and a complete logistical nightmare for the man on the street, let alone global finance. Congress hasn't even approved US digital wallets as far as I'm aware.

>> No.22142567

>>22136146
the part about religion is true. Your infidelity will not allow to believe in it. So you will fall into the trap of the anti-christ. The main goal of the anti-christ is to turn the world godless. And this goal of his is reaching its peak.

>> No.22142582

>>22136407
>It’s cause world banks are maybe gunna settle with crypto and 1 xrp will be the new gold standard or some shut idk they are schizo though but whatever I got a 500

checked... when you say that you mean youre throwing $500 in xrp at a constant intervals

>> No.22142692

>>22142274
Hmm... now that's a very interesting design choice.

>> No.22142830

By the way Revelations according to Dr David Hawkins isn't worth the paper it's written on and the Second Coming of Christ actually occurred decades ago when our plant flipped from an overall negative to an overall positive level of consciousness.

>> No.22142984

>>22137125
BUILT

>> No.22143076

>>22142830
Your post is a lie and not worth the pixels it’s printed on

>> No.22143389

>>22143076
Truth is Truth. His teachings come from the highest place. A man who walked the Path on this Earth completely. Amen.

https://www.youtube.com/watch?v=eRD4rRYLEF0

>> No.22143728

>>22136203
wtf that image oof

>> No.22144076

>>22141996
every single coin took a dump today, relax.

>> No.22144373

So what’s gonna happen when it’s January 2021 and XRP is still crabbing at 30 cents?

>> No.22144623

>>22144373
I'll be Hodl`n.

>> No.22145283

>>22137125
big chonk like small white woman. want breed.

>> No.22145646

>>22144373
I'll be close to the rope

>> No.22145765

>>22134783
Past /XSG/ Threads:
#2 >>/biz/thread/S22003572
#1 >>/biz/thread/S21994413

>UHNWI aka Mellon:
>>/biz/thread/S16595583
>>/biz/thread/S17266853
>>/biz/thread/S17914598
>>/biz/thread/S18102776
>>/biz/thread/S18417446
>>/biz/thread/S19283439
>>/biz/thread/S19919081
>>/biz/thread/S19980410
>>/biz/thread/S20098041
>>/biz/thread/S20429829
>>/biz/thread/S20720991

>Kendra Hill
https://threadreaderapp.com/thread/1189356847117033484.html

>Other Insider
>>/biz/thread/S17203568
>>/biz/thread/S19464720

>Other Other Insider
>>/biz/thread/21924286#p21931998

>Bank of Canada Insider
>>/biz/thread/S20806161

>Conference Anon
>>/biz/thread/S21274558
>>/biz/thread/S20806161

>33 million XRP anon
>>/biz/thread/S21485221

>Judy Shelton (Trump Fed nominee)
https://www.cato.org/cato-journal/springsummer-2018/case-new-international-monetary-system

>Twitters
https://twitter.com/BabaCugs
https://twitter.com/bearableguy123
https://twitter.com/DrCharlieWard1

>"Restored Republic" Charles Ward and Fleming's Military Intel Contact Dates
https://inteldinarchronicles.blogspot.com/2020/08/restored-republic-via-gcr-update-as-of_29.html?m=1

>> No.22146024

Well we are back down to 27 cents again. At what point do we all an hero?

>> No.22146029

>>22137781
It might not be intuitive but the 3,572,428 actually mitigates volatility more as long as the xrp is available.

Imagine that your million dollars is divided by that 3,571,428 stack of xrp. If 1 or 2 xrp go missing then no big deal. It would suck but no big deal...

If you divide that million by 500 xrp and 1 or 2 xrp go missing then you have a problem because suddenly you're missing $4,000 xrp.

>> No.22146102

>>22146029
>go missing
how, common do you think this would be for banks? would a couple tokens get lost in between the couch cushions?

>> No.22146529

>>22146029
>t might not be intuitive but the 3,572,428 actually mitigates volatility more as long as the xrp is available.
??
If the same likelihood of XRP goes missing
Then having 500 tokens is much safer than 3,500.000+

>> No.22146619

>>22146029
What volatility?
Cost per transaction is a fraction of a penny.
Literally it's virtually free.

>> No.22146689

>>22146529

When you cut up cocaine, you have less physical cocaine in the product, and it's worth less. The pure deal will always be worth more. Having cocaine, pure or not, is worth money, always. same thing

>> No.22146701

>>22146619
>What's trillions upon trillions of penny transfers?

>> No.22146749

>>22146701

profit for someone else

>> No.22146813

>>22146749
No my point is the burn still adds up if there are trillions of transactions

>> No.22146897
File: 12 KB, 378x379, o.jpg [View same] [iqdb] [saucenao] [google]
22146897

>>22146813

Then once it's a problem there will likely be someone there to come up with a solution. How did we get to where we are now? Nothing is perfect, and nothing is infinite.

>> No.22147032

>>22146701
SWIFT transactions cost is x99 that of XRP, but banks use it anyway.
The cost was a mechanic to prevent spam in the network.

>> No.22147416

Is the Flare air drop available to US users? Or would it be illegal for a US user to hold? Not like I care since it's all funny money.

>> No.22147545

>>22138173
>muhketcap
this will always be the gayest argument possible. Derivatives is 1.4 quadrillion dollar market. A 100 trillion dollar market is honestly nothing. It’s a finger in the eye.

>> No.22147578

>>22137932
>someone bought a gun they was so crazy
Yeah ok, and all he did was fire a single bullet into a computer server. Bullshit. The whole thing was horseshit.

>> No.22147602

>>22147578
this.

>> No.22147624
File: 92 KB, 1033x838, 1596720562628.jpg [View same] [iqdb] [saucenao] [google]
22147624

>>22147545
5.1trillion alone is transacted on the foreign exchange markets DAILY.... and XRP literally is designed to facilitate liquidity between FXs kek

>> No.22147779
File: 72 KB, 625x374, EMFImage_002.jpg [View same] [iqdb] [saucenao] [google]
22147779

>>22147624
>5.1trillion alone is transacted on the foreign exchange markets DAILY
and that was the 2016 volume, recent 2019 shows it's up to 6.6 trillion....

>https://www.financemagnates.com/institutional-forex/execution/bis-survey-daily-fx-volumes-jump-30-to-6-6-trillion-in-2019/

Assuming a 0.0025% intra-bank transacton cost to facilitate this daily volume, you are looking at ~$165,000,000 per day in fees alone burned, and that is a drastically low guess

>> No.22147864

>>22147624
>>22147779
XRP liquidity is so low right now, Satander bank and Moneygram had to drop it. How do you expect there to magically be a bunch of liquidity for a 1.4 quadrillion market when it struggles to have liquidity for just a 7 figure market?
Lets hear this

>> No.22147911

>>22147864
it's almost like a switch could be flipped

>> No.22147919

>>22136146
I heard ripple was dumping XRP sales to keep xrp low for the banks when they finally buy into it.

>> No.22147940
File: 97 KB, 500x435, step-1-how-how-to-spoon-feed-an-adult-55502233.png [View same] [iqdb] [saucenao] [google]
22147940

>>22147864
60b in escrow.
Utilization.
Unlocking escrow funds for International transfers
dramatic price increase

>> No.22147945

>>22147864
Ripple CEO Brad Garlinghouse says the company has more demand for its XRP cross-border payments product than it can currently facilitate.

Known as On-Demand Liquidity (ODL), the payments product relies on crypto exchanges to accept cash and move the equivalent value in XRP across borders, where it can be converted right back to fiat currency. As long as there is enough liquidity in the XRP marketplace, the transactions can process in seconds and largely bypass the issue of crypto price volatility.

In order to ensure that liquidity stays sufficient, Garlinghouse tells Modern Consensus they’ve actually had to slow the adoption of the product.

“[The company has] actually throttled that growth because one of the things that’s important when using ODL is you have to have really good liquidity on both sides of the transaction. And so, if XRP doesn’t have enough liquidity in the marketplace, [then] you can’t put as much demand through.”

The company recently hired former Goldman Sachs FX executive director Aditya Turakhia to help create a strategy to boost XRP liquidity and enlist more market makers, brokers, and exchanges.

Garlinghouse also says demand for ODL is outpacing the company’s overarching international payments platform, RippleNet, which doesn’t require XRP.

Ripple says more than 20% of all transactions on its global network of financial institutions now use their native currency. It was at less than 10% as recently as the fourth quarter of 2019.
>https://dailyhodl.com/2020/08/28/ripple-says-its-throttling-growth-of-global-xrp-remittance-platform-heres-why/

Patience grasshopper, I don't give two fucks about Moneygram, I care about the government adoption

>> No.22148070

>>22147911
>le switch le flipped xDDD
>>22147940
>60b in escrow.
that doesnt mean anything. Liquidity is a matter of how much XRP is circulating its a matter of trade volume. Volume is so low right now, not even Satander, who swore they were going to be all in ODL by May, want to touch ODL right now/

>> No.22148129
File: 7 KB, 250x142, you-still-want-vgbe7j.jpg [View same] [iqdb] [saucenao] [google]
22148129

>>22148070
Once again, utilization. That 60b will go to further implementation, and priming the system. The dumping controls costs, but also funds the project.

>> No.22148212

>>22148129
you have no idea how it will work and praying for a miracle. gotcha

>> No.22148262
File: 4 KB, 259x194, images.jpg [View same] [iqdb] [saucenao] [google]
22148262

>>22148212
Good luck I) give up. DYOR

>> No.22148276

>>22147940
>Unlocking escrow funds for International transfers
Would that make the price jump?
I figure the price jump will be dictated by XRP being utilized to the price of assets of gold/goods

>> No.22148285

>>22148212
you just summarized all of religion, humanity is a funny creature

>> No.22148362

>>22148276
Yes. Utilization + value of assets you can't have one without the other.

>> No.22148405

>>22148362
>60b in escrow
But IF the escrow was unlocked, the price would plummet right?

>> No.22148446

>XRP $20+ is insane! Keep dreaming retards!
>Hotdog goes from $1 to $800 in a minute, and then move to $4000 anything seems possible.

>> No.22148741

>>22148405
Escrow will be unlocked for implementation. The price would skyrocket.

Let's say you have 10 magic beans (mb)
You have 10 in a safe... That's the total.
Most merchants do not use magic beans yet, so you give 10 merchants one bean each.
Would mbs have a greater or less value?

>> No.22148847

>>22147032
This

>> No.22149035

Threads like this get me anxious. There is evidence that XRP could be $1k or more.

Look at the numbers. If it takes over bank to bank transactions XRP will be $1500 easy. What if it get remittances, Central Bank transactions, or other sections of the market? Let alone replaces swift entirely. The numbers get crazy. All it takes is adoption. Hands of steel will be rewarded if Ripple goes financial mainstream.

>> No.22149399

Doubt doubt ego and arrogance. Here it is. I’ve been involved in monetary history, economics and investing for 30 years. I hold metals and crypto. The crypto I hold is XRP. I have been in it since 2017. The decision to hold and continue buying every month comes from diligent research on the part of myself and associates. I won’t divulge institution or amounts, but understand, there are those who KNOW what Ripple is and where XRP will be, and those who do not. 98% of crypto’s will vanish like farts in the wind, yet XRP will remain. Keep avoiding it please and allow those like myself to take positions you’ll try to take after it reaches $1.00, $2.00 and $5.00. The rush to XRP will be at a velocity not seen before in herd panic. By time that occurs, I will already be ghost.

>> No.22149435

>>22149035
Yea, it is insane. Just think about it this way.
IF LARP IS TRUE
$20 -> 66xrp -> 2kswitch ->$132k
You could buy a house for $20.

>> No.22149462

>>22149435
I’m not a maximalist, however $200 XRP is realistic.

>> No.22149500

>>22149462
I merely meant is LARP is true.
I believe in the tech. I am not so much worried about the validity of the LARP, even though I enjoy the fuck outa it.

>> No.22149523

>>22149435
You know like some people did in the 1930's......oh....oh SHIT. Yeah we're going to make it.

>> No.22149534
File: 103 KB, 680x732, 1596930074207.jpg [View same] [iqdb] [saucenao] [google]
22149534

>>22134817
FUCKING BASED. XRP TO THE MOON. OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.22149627

>>22146029
Bro what the actual fuck are you talking about? Do you have any idea how the ledger works?

>> No.22149692

>>22147864
Large banks can't really sign up until there is regulatory clarity. That's why Judy Shelton and Garlichouse plus all the treasury and House Banking Committee are all the buzz

>> No.22149712

I followed an anon from twitter who tweets everytime there is a bank outage. He thinks xrp is going to moon. It's pretty funny desu.

>> No.22149825

>>22145646
Please don't kill yourself

>> No.22149885

>>22149435
I don't think you are including a possible housing crash next year lmao that's like 4 houses.

>> No.22149936

Now that the dust has settled, was Mellon LARPing?
Or was he telling the truth?

>> No.22149971

>>22134783
The Universe exploded like that.

>> No.22149987

>>22149035
buy $200 of it then. its nothing

Everyone wants to gamble everything on the newest trend when the real game is to gamble a little bit on all the things and if one takes off you're gucci

>> No.22150196

Sitting on 24,500 XRP with avg buy in $0.13-$0.17 has me stoked.

>> No.22150201

I just want XRP to reach $600. Is that too much to ask?

>> No.22150232

I literally sit here and think what will 2000 EOY would feel like with 1200 XRP stack. I would wonder as I cash out th3 land I will buy the further investments I will make. Then it hits me, there's no way ripple moon EOY.

but to air on the side of caution I will buy a stack.

>> No.22150375

>>22150232
Imagine how chaotic /biz/ will be if XRP were to go to 2k.

>> No.22150480

>>22150375
i would be a billionaire lma

>> No.22150618

>>22147578
>>22147602

Wtf how do you guys read that and think I’m saying Pizzagate isn’t real. All I’m saying is that the media spouting FUD saying Pizzagate is about kids being locked in the basement of pizza restaurants to make Pizzagate believers sound crazy is similar to the religious fanatic and NWO claims about XRP to make us sound like we’re “crazy conspiracy theorist”

>> No.22150706

>>22150618
Dude. I am 100% on your side about this with you. All of that shit is real.
In Rome they had every vice, and it let to the gladiators. When you are rich, powerful, and connected you start to lose the joy in the small things. You would push the envelope further and further. Next thing you know, pizzagate.

idgaf if people call me a crazy conspiracy theorist.
Truth is crazier than fiction.

>> No.22150893

>>22150706
Ah sorry man thought thought you were “yeah ok” at me like I called believers crazy

>> No.22150895
File: 31 KB, 480x360, XRPCHAD.jpg [View same] [iqdb] [saucenao] [google]
22150895

MEDS: HIDE EM' UNDER MY TONGUE AND THEN SELL EM WHEN THE NURSE AIN'T LOOKIN' (TO BUY MORE XRP)
VOICES: HEARD AND OBEYING THEIR COMMANDS. (BUY MORE XRP)
BAGS: PACKED TO THE FUCKING SAFETY LID OF A PRESCRIPTION BOTTLE WITH XRP
I GOTTA ESCAPE FROM THE ASYLUM TO SHITPOST, BUT I TRY TO PARTICIPATE EVERYTHREAD XRPCHADS!

HOW DOES IT FEEL KNOWING A SCHIZO IS GOING TO BE WEALTHIER THAN YOU?
2K EOY SCHWARTZ = BRITTO = NAKAMOTO. FLIP THE SWITCH BIG BAD BRAD!!!!!

>> No.22150903

So let's say that the us switches to a digital dollar and xrp hits 2k. How do we cash out? The current us dollar would be worthless, so would we have to wait for the exchanges to add the new digital dollar?

>> No.22150957

>>22150375
This is why it must happen...so glorious.

>> No.22150972

>>22136146
Price is determined by scarcity not value.

>> No.22151233

>>22150972
>Price is determined by scarcity not value.
If that were the case, tickets to Disney land wouldn't cost so much - same with airline tickets. Value = Cost

>> No.22151259

>>22151233
Value simply means how much people are willing to pay for something.
Scarcity plays a part in it but it's not the deciding factor.

>> No.22151300

>>22151259
Glad to know you can quote basic highschool economics

>> No.22151453

>>22146029
>>22146102
>>22146529
>>22146701
>What is this a bank transfer for ants?

>> No.22151895

Should I convert my .25 btc to xrp giving me a total of 20k xrp or just hold what I have?

>> No.22151947

>>22151895
Hold the line soldier.

>> No.22152001

>>22150903
cash out in euro, duh

>> No.22152027

>>22151453
I'm sorry I meant trillions and trillions of burned droplets adds up for burning xrp out of circulation which is why it needs to be 2k, less tx burn

>> No.22152045

Are you trying to tell me you doubt Heidi Secret? You’ll regret this course of action.

>> No.22152060

>>22150375
>>22150957

>> No.22152077

>>22150903
Don't cash out, wait. When flare launches they will have cards you can use instead of having to sell for cash it will convert to whatever fiat automatically