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/biz/ - Business & Finance

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51152078 No.51152078 [Reply] [Original]

SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per XRP, and this is assuming that SWIFT owned all the supply.

XRP will handle much more than SWIFT; it will eliminate the need for nostro accounts (worth $27 trillion), tap into the $2.7 quadrillion global transfer market, as well as interact with other blockchains and technologies. In other words, if XRP’s price was low, it wouldn’t be able to handle the trillions/quadrillions within its 100 billion coins.

XRP will likely be pegged to precious metals and/or a basket of assets to make the price even more stable and liquid over time, likely by governments, central banks, and institutions like the IMF.

Market cap is the multiplication of last trading price x circulating supply.

In other words, someone could create a coin with a 100 billion supply and buy a few of the coins for $11 dollars and its market cap would exceed a trillion dollars. Does this mean that a trillion dollars have been pumped into the coin? No, not even a hundred dollars, yet its market cap is over a trillion. This simple example illustrates how naïve market cap discussions are when it comes to crypto.

XRP’s price will be determined by utility, not by market cap. For example, SWIFT moves around $5 trillion dollars per day. $5 trillion divided by 100 billion XRP = $50 dollars per coin, and this is assuming that SWIFT owned all the supply. XRP is going after more than just SWIFT, it is going after a $2.7+ quadrillion market.

>> No.51152149

>>51152078
this

>> No.51152166
File: 1.80 MB, 237x237, 1660061209421466.gif [View same] [iqdb] [saucenao] [google]
51152166

holding nice fat stack just in case
noone believed BTC could get to $70K
when it was 30 cents

>> No.51152424

>>51152078
Why does it have 3 modes on the switch, up down and extra down
desu i don't think it will happen this year anons

>> No.51152615
File: 22 KB, 517x159, xrpst.png [View same] [iqdb] [saucenao] [google]
51152615

>>51152078
oh no

>> No.51152623
File: 38 KB, 511x411, xrp-2020.jpg [View same] [iqdb] [saucenao] [google]
51152623

>>51152078
what went wrong

>> No.51152635
File: 43 KB, 800x514, xrp-delusion.jpg [View same] [iqdb] [saucenao] [google]
51152635

>>51152078
IQ check

>> No.51152851

>>51152635
based

>> No.51153070

Each xrp can be used conservatively 17,000 times per day.
So divide the above by 17,000 for price target.

>> No.51153099

>>51153070
only if its in circulation

>> No.51153109
File: 82 KB, 500x700, xrpbagholder.jpg [View same] [iqdb] [saucenao] [google]
51153109

>>51152078
>>51152149
I have told you every single day to get the hell out of XRP.
I told you at 60c
I told you at 40c
I'm telling you again at 30c
What you believe about the future of XRP isn't important at the moment because there's a cost benefit analysis to it.
Think of it this way - if XRP ever moves to where it might be going back to 3$ then you'll see it because you're autistic schizos who spend their entire life looking at the XRP stock price. So there's no FOMO here. That hallowed 37.5k price that will never happen, you will see it long before any one else so you can just buy back in.
We love to shitpost and schizopost on /biz/ but the SEC stuff isn't a game nor is it some cheap lawsuit. They are going to win and your coins will be worthless.
There's literally no reason at all to stay in XRP. You'll see the price movement before anyone so you won't miss the big gains if they were to come, you are gambling that the SEC case will fall apart which it won't because the vast majority of their evidences comes from Ripple staff themselves bragging in emails, and you are holding a shitcoin that has no intrinsic use case in the next few years because the SEC has bombed its reputation and other alternatives are available. There's no reason for an enterprise company to take the chance on XRP.
Seriously, this is the season of goodwill so I've reverted from the usual shitposting to try and cut through the propaganda and reach those who are still holding out hope of a conspiracy or miracle. It's not real. You are throwing away your money and your families money. Stop being a laughing stock. Get out now and if you see the price revert then you have loads of time to get your "37.5k EOY" dreams and buy back in. But you never will because this project is dead.

>> No.51153112

>>51153109
probably pasta so didnt read

>> No.51153195
File: 55 KB, 641x581, FB1B053A-B923-4647-9C18-3963B91B6BA2.jpg [View same] [iqdb] [saucenao] [google]
51153195

I have 42k xrp.
When can I expect my first lambo huys?

>> No.51153242

smells like a designated shitting street in here

>> No.51153252

>>51153195
Soon

>> No.51153269

>>51153195
i think lawsuit is gonna be settled soon, in about 2 weeks there is some stuff gonna happen with the SEC

>> No.51153336

>>51153269
You didn't just 2 weeks troll me anon :(

>> No.51153419

>>51153336
Oh snap maybe I did hehehe

>> No.51153500

>>51152078
please no rush, i've only just started DCAing into XRP.

>> No.51153682

>>51153500
oki but hurry up i dont wanna wage anymore

>> No.51154695
File: 277 KB, 505x651, 6F86ACB0-74E7-4E62-A6D3-2DE0C9DE2E76.jpg [View same] [iqdb] [saucenao] [google]
51154695

>>51152635
>filename
anon I-
that pic is bullish

>> No.51154762
File: 143 KB, 1152x2048, standard.jpg [View same] [iqdb] [saucenao] [google]
51154762

XRP is the standard. Non-XRP holders on suicide watch :D

>> No.51154809

>>51154762
based

hey do you wanna be friends with me