/biz/ - Business & Finance

>>24784825
You bought because you are a desperate bagtard who was easily tricked by twitter normies kek. You are going to rope @ $.30 right?

>>24784825
Are you a newfag that fell for the low token cost without having a fucking clue about circulating supply?

I asked myself this even now and I bought it at like $0.19.

>>24784930
this is one the funniest phenomenon to witness in crypto.

>>24784961
Starting to feel bad now might sell half my stack to pay off some CC debt
At least it was a 2x heh

>>24784825
Bruh, the youtubers even say:
>I am not an investment advisor, do not buy or sell anything because of what I say

I invested 100k at 62 cents. I feel like absolute shit right now but if king shitcoin keeps pumping, I have zero doubt I’ll be able to make somewhat of a profit.

>>24784930
can you please elaborate?
I never believed in XRP but what does circulating have to directly do if a token is low cost
bear with me I'm always learning

>Not holding a skitzo stack
I don't understand some people on here

>>24785131
Average crypto idiot thinks every coin will become bitcoin.
So They think buying XRP at sub$1 is like buying bitcoin back in 2010.

>>24784825
Can we get an F in the chat for this fellow biztard

F

>>24785192
the current circulation of XRP is over 50 billion
fucking idiots
lol thanks for the reply

Its going to $2 in a few days. Cap this. Holy shit you guys have no insight

>>24785131
Look at market cap, that and circulating supply mean everything. XRP is the third highest market cap in the whole world, it doesn't have a lot of room to grow in comparison to most others. The low token cost means shit when there's a high market cap. Big difference between a coin being 50 cents with 50 million coins in circulation compared to a coin being 50 cents with 50 billion coins in circulation

>>24785171
Retard, that schizo stack might at best get you a 2-3x if you're patient enough to wait a year or more. Meanwhile multiple low cap coins pull that same shit every week. Tell me, which you would rather invest in

>>24785257
>Tell me, which you would rather invest in
Both honestly. low cap coins also rug fairly frequently.

>>24785244
>Its going to $2 in a few days
Based on what? Their desperate attempt to identify themselves with DeFi by linking to Ethereum via Flare? Why not just buy Ethereum?

>>24785244
screencapped.
Lmao you guys never give up

>>24785257
>Retard
>that schizo stack might at best get you a 2-3x
It already did a 2-3x in the built up to the snapshot. Nice to see you know what you are talking about.

>>24784825

Because like 80% of /biz/ tards you saw LE NUMBER GO UP and bought like a retard

Stop fucking investing with a babby minset and get a real philosophy behind your long term investments. Good way to avoid dumping money into toxic waste.

>>24785257
Market cap unironically doesn’t mean anything.

>>24784825
If you bought at ~.25 (It was like this for 2 years) then you've made a profit. There's no shame in that.

>>24785257
duly noted thank you

>>24785395
Vaccine victim detected

>>24784825
XRP is a perpetual pump and dump scam that exists solely help Ripple and co. increase their bitcoin holdings. I've been saying this for three years now. The only people who have ever made any money on XRP are the insiders who know exactly when it's going to pump. A quick look at the weekly chart should have told you that.

>>24785429
Market cap determines price. Price is completely arbitrary and can be as high as the buyer wants it to be. Plus this is a multi-quadrillion dollar market we’re talking about XRP being pegged to

>>24785439
It's basically OneCoin, just without the obvious MLM angle.

>>24785384
Not a 3x anymore anon. And congrats, you got a 2x whereas bitcoin/ethereum both pulled 4-5x's this year being higher market cap coins, not to mention the countless alts that have pulled 10x+ this year. Not just talking about shitcoins either but legit projects like AAVE and Unibright for example (I don't even hold UBT currently but something like that is obviously of higher quality than your typical uniswap defi/rebase/etc. hype shitcoin)

>>24785461

Dogecoin 1000 eoy

>>24785544
Unironically possible if enough people find a use case for it. No FUDfags have ever explained WHY market cap can’t be in the hundreds of trillions

>>24784825
I only bought for spark

>>24785577
1000k per 1 DOGE is possible?
nigga wtf are you on
if it hits 1$ people would have fuck you money

For bitcoin to 5x from its current price it has to hit 100k.

For XRP to 5x from its current price it has to reach $2.50 which is lower than its ath.

Imagine not holding a stack.

>>24785577
Behold, this is the pissbrain mindset which dumps into xrp

>>24785607
If you can justify charging whatever PRICE you put it at, people will buy it. Price != value

>>24785529
I hold more AAVE, ETH and BTC than my skitzo stack.
Either you read into the freemasonry symbolism and other clues or you don't. I'm comfy.

>>24785621
Why in the fuck would you compare token prices? How is that relevant at all? XRP holders are retarded

>>24785634
Not an argument

You FUDfags are gonna rope when XRP moons

>>24784825
did you buy ath? then get rekt. did you buy low and not sell? get rekt

>>24785667
I wasnt comparing prices you illiterate fuck.

What's more likely?

Boomer coin 5x it's ath or XRP reaching 80% of its ath?

The only thing I know you hold is a bag of surplus chromosomes.

>>24785131
HAHAHAHAHA HOLY SHIT HOW ARE YOU THIS STUPID.

>>24785837
>I wasnt comparing prices you illiterate fuck.
Yes you were. Why would you mention Bitcoin going to 100k or XRP going to $2.50? The marketcap is the only relevant datapoint. And it's far more likely that Bitcoin's MC does a 5x because XRP's founders are purposely holding the price down.

>>24785837
100+ billion dollars have to flow into XRP to reach 80% of its ATH lol, it's even less likely than BTC because only fucking normies buy XRP and only invest 100 dollars thinking it's going to turn them into millionaires because they're delusional and retarded.

>>24785892
You are unionically mentally retarded if you still think market cap means anything

>>24784825
because you're a bandwagoning faggot that bought high

only way to redeem yourself now is to sell low

>>24785649
Okay that's unironically based, I only laugh at the retards who hold XRP as their main holding

>>24785962
>holds XRP
>talks about token price like it means anything
>thinks marketcap doesn't mean anything
I really hope you're new to crypto.

>>24785962
>why would I invest in this low cap alt coin that has the potential to pull a 10x within a few months? XRP has the same probability of doing the same in the same time frame! market cap means nothing

You're a fucking retard anon, sorry to break it to you

>>24786045
I never said price means anything either. Price is arbitrary. Do you seriously believe Amazon stock is as valuable as it’s priced at?

>>24786071
With regulatory clarity involving global international finance, it is

>>24786096
Yes. Why else would people buy it at its current price?

>>24786138
It’s called liquidity, dipshit. Houses weren’t worth nearly as much as they were priced at before the housing bubble burst.

Anyway I’m done with obvious FUD

XRP to the moon

>>24786183
Enjoy those -85% bags from 2017 anon

>>24786183
You're so angry and emotional. Calm down. You can at least rest assured that the Ripple founders won't let your tokens go to zero. But you'd be just as well off "investing" in USD.

>>24786096

Do you honestly think the arbitrary or speculative price assigned to something is without necessary and undeniable markers of calculation, like fucking supply and demand?

Why did I short XRP?

>>24784825

WELCOME TO THE JUNGLE, BABY
YOU'RE GONNA DIE!

>>24786138
Like everyone else in stock market, they fell for the compound interest and muh dividends meme.

>>24786257
the balls on this guy

>>24786257
Is that Destiny 2?

>>24784825
because you swapped your free bat for the drop? didn't everbody else?

>>24785960
What?! Wow youre an idiot.

You only have to have to people to agree to buy and sell at 3 usd for it to reach ath.

Do you even know how trading works?

>>24786584
you. i like you

Oh man.. Now THERE'S a guy who knows what he's doing

>>24786828
Destiny 3 : New Horizon

>>24787173
No way dude Destiny is shit

More like Destiny 3: bigger profit margin

>>24785439
eth solely exists to make vitalik get rich
link solely exists to help sirsgay buy hamburgers
is this logic good?

to suffer. just like me, but find peace in the suffering nonetheless.

>>24787218
Destiny 3: Cyberpunk Zero Dawn Warriors 4

>>24787477
Arthurian Cyberpunk WHEN?

market cap inherently has no consequence regarding where the price of any coin can go.

CRYPTO market cap != STOCK market cap

however, some normies with basic understanding of investing think crypto == stocks, and a few brainlets who think they have insight just because they have experience in losing money to a bunch of different shitcoins, attribute meaning to market cap.

therefore, market cap ends up affecting price. not in a fundamental way, but only in the sense that some people read market cap as meaningful.

people are biased.

remember this when you invest.

that said, buy xrp.

>>24787513
Shut up faggot, this conversation is over.

>>24787548
Imagine being this visibly stupid. Ever heard of a thing called a liquidity index?

>>24787548
it's the very logic of the meme in which we have different stages of IQ and the person in the lower end of the spectrum acts just like the person in the higher end.

/biz/ is too worried trying to find out the next big oracle-defi-ponzi-etc and despising normies to realize we have to think like normies because we are, yes, still early.

or you can gamble the money you earned from a hard day's work on the next uniswap gem and flex about your gains anonymously. sounds great. still ngmi.

>>24787548
thanks just sold 100k

>>24785031
Why did u wait till 62???

>>24785257
>Look at market cap, that and circulating supply mean everything

>muh marketcap
you're an idiot

>>24786138
U are actually a moron arent u?

>>24787625
you clearly don't have enough culture to have 100k in the first place

>>24785960
>marketcap = how much money is investing
fucking dunning kruger normie retard
go invest in chainlink faggot

>>24787823
* invested

XRP soon will redefine acceptable marketcap

>>24787562
Here's hoping!

>>24787548
xrp baggie #4 has entered the thread.

>>24787823
>>24787841
Liquidity on the order books correlates 1:1 with appreciation in price, you can quite literally track the price of an asset using a liquidity index. That is the primary pressure which slows the growth of an asset in correlation with an appreciation of market cap.

Don't ever use the phrase "Dunning Kruger" again. You are completely incompetent.

I fucking AM XRP, OK? Now stop asking

We warned you it was a jew scaam for years. You have nobody to blame but yourself (and the jews).

>>24788043
and where is the contradiction with what I said ?
do you need 350B$ to crash btc ? no
do you need 350B$ more to x2 btc ? neither