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/biz/ - Business & Finance


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51257740 No.51257740 [Reply] [Original]

Why do some of you guys on /biz think XRP will give good returns? Genuinely curious

Maybe I'm out of the loop but I thought XRP wasn't actually needed for Ripple's payment solution, doesn't the Ripple foundation own like 80% of the supply? I also thought it wasn't actually a cryptocurrency

In the previous bullrun people were laughed at for suggesting buying XRP, now there is a daily thread

>> No.51257863

>now there is a daily thread
that's where you should fuck off to

>> No.51258029
File: 3.61 MB, 2500x3035, moner-channi.png [View same] [iqdb] [saucenao] [google]
51258029

>>51257740
>Why do some of you guys on /biz think XRP will give good returns?
i recently bought a bag because its an idiots coin and there are still many idiots. so it will pump and then I will dump and get bitcoin or monero instead. i think xrpeepee will make one final poomp before it never poomps again on the btc chart

>> No.51258033

>>51257740
The real deal with Ripple and the XRPL is that they are the most competent group of people in the industry and the ledger is the best product.

>> No.51258048

>>51258029
i bought aronud 1600 sats. i will sell at 3000+ sats. the upcoming bool run

>> No.51258198

>>51258033
This is what I'm talking about though, you said nothing of substance and answered none of my questions.

Why is the ledger the best product? Saying they are the most competent group of people in the industry is a bold claim - why do you think that?

>> No.51258284

>>51258198
>Saying they are the most competent group of people in the industry is a bold claim - why do you think that?
Do you even know the people who compose the Ripple team? Why are you newfags so retarded just look it up yourself this same exact thread pops up 5 times a week there’s no way you’re all “oldfags who just got back” you’re a twitter nigger and you have to go back.

>> No.51258301
File: 82 KB, 500x700, ripplenog.jpg [View same] [iqdb] [saucenao] [google]
51258301

>>51257740
I put everything I get into Bitcoin and keep a few grand in cash.

Bitcoin offers something 98% of people who buy it don’t even understand, and 100% of those who don’t buy it don’t understand.

I believe 98% of those who buy bitcoin purely do it thinking it’s all about making money and that’s it, that they’ll be able to sell it to someone else, and that’s all that care about, they don’t actually understand bitcoin.


Here’s the thing

Bitcoin is literally property, a form of value, that you can move infinite amounts of wealth anywhere to anyone, and you can hold infinite amounts of wealth with a few words written down, that you can take anywhere anytime, and you don’t have to worry about a bitcoin being “fake”

You cannot do this with land, property, gold, art, or any other collectable item. Land/property can always be taken from you, and you cant take it with you, think of landlords in Ukraine right now. Gold comes with its own logistic issues, and it another thing you can’t take with it without being robbed at the airport. Art and collectables can be faked, but even if they’re real, they can easily be damage, and they can only be sold at auctions where the auctioneers take a massive cut (20-30%+) fees, and again, art and collections as investments come with their own logistical issues.

The more dangerous and chaotic the world comes, the more valuable bitcoin is.


It is unironically the perfect asset, and whole retail poorfags and normies lose interest in it, you can guarantee smart people in the know, and the elite and super wealthy, understand how powerful it is and how important it is for them to have some.

>> No.51258309

>I thought XRP wasn't actually needed for Ripple's payment solution
has been for a while
>doesn't the Ripple foundation own like 80% of the supply
not that much and most is in escrow
>I also thought it wasn't actually a cryptocurrency
it is but not if you have a very narrow definition

>> No.51258337

>>51258198
They're literally the only project in crypto with a working product that is in commercial use. Almost every other project including LINK and ETH are only partly finished and will need decades to be working properly

>> No.51258363

>>51258198
https://xrpl.org/
Try reading faggot.
Just LOOK at Brad Garlinghouse and Davis Schwartz, listen to them talk, then look around at the losers, dweebs, and morons all over everything else.
Then...USE THE LEDGER.

You sound like you want spoonfed and do nothing to inform yourself but this post on 4ch. I won't do it.
Read up on Federated Byzantine Agreement. Let Schwartz explain it to you.

>> No.51258404

>>51258363
then look at the tokenecomiccs and realize you being rugged.

>> No.51258428

>>51257740
because they bought and they think that shilling their shitcoin will get their price to go up
>>51258029
KYS shill

>> No.51258431

Newfags going off of the chart and or believing fud. Simples as.

OP is probably a troll or a kike shill, but if not, XRP is the fucking standard. Spoonfeeding season was over years ago. No ones gonna hand you the key to getting rich. If you don't understand XRP will bring life-changing wealth, you haven't done your research. It's already chosen. Not by me or you, but by the bankers and governments around the world. Ripple will be a household name like Amazon. That is why they're having the most important crypto lawsuit in history, covered on Fox News and Forbes frequently, and the SEC is getting absolutely wrecked. Looking foolish and contradicting themselves and pissing off the judges. Ive already given away too much, i might lose my brap buffet entry in the citadel if i dont shut up

>> No.51258469

>>51258404
The supply and Ripple owning a large amount do not worry me as the product is so much superior to everything that exists that I will simply wait the 5-8 years while massive adoption takes place.
If you have used the XRPL, Xumm wallet, transferred XRP from account to account, and etc. it becomes very obvious how superior the product is.
Ripple didn't come out of nowhere dude.
They are 15-20 years coming.
They aren't a bunch of furry faggots that will die if they see the sun.

>> No.51258516
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51258516

>>51258301
what if you have no access to internet, or a communication device? BTC becomes 100% worthless

>> No.51258536

>>51258516
so do dollars.

>> No.51258892

>>51258431
Why did it do fuckall during last bullrun? Even before the SEC lawsuit it wasn't looking like it would reach anywhere near the ATH.

XRP is a newfag coin.

>> No.51258997

>>51258892
Before the lawsuit it literally had more volume the ETH you ill informed moron.

>> No.51259098

>>51258997
So? The price did fuckall why does volume matter

>> No.51259152

>>51259098
Not true either.
You aren't even bothering to look at the charts are you?

>> No.51259276

>>51258033
> t. Hasn't heard of DFINITY
Your statement is objectively and demonstrably incorrect.

>> No.51259304

>>51259276
I also hold ICP of course for these reasons.
But you can't find more divergent use cases or markets than these two.
Which is why they are such comfy tandem holds

But the XRPL is pretty well fully developed and deployed
It's ready NOW.

>> No.51259455

>>51257740
>Why do some of you guys on /biz think XRP will give good returns?
Yes and on top of that some aren't retarded "schizos"
>XRP wasn't actually needed for Ripple's payment solution
The XRP ledger (and therefore XRP) is at the center of everything, the ripplenet product is (strategically) only here to serve as a foot in the door for hugely facilitating the transition to the XRPL (they can seamlessly use it after having ripplenet implemented).
>Ripple foundation own like 80% of the supply
They own ~50%, but before screaming "scam" on rooftops this supply is cryptographically locked in escrow and released little by little overtime, they "dump" not that often and even sometimes actually buys XRP, and are pretty transparent and responsible (for now at the very least) about what they do (Unlike ETH for example). You also have to note that ripple is already a profitable business.
>I also thought it wasn't actually a cryptocurrency
It is in my book.
>In the previous bullrun people were laughed at for suggesting buying XRP
Who cares, just be sure to own other coins.
>now there is a daily thread
"schizos" are annoying but a pretty good midwit filter

>> No.51259603

>>51258404
absolutely filtered

>> No.51259700

>>51259455
Thanks.

>> No.51259724
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51259724

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

>> No.51259964

>>51258516
Gee what if

>> No.51260800

>>51258892
Dude I see you fudding bc you believe in it but want confirmation SAD!

>> No.51260842

>>51259455
>They own ~50%, but before screaming "scam" on rooftops this supply is cryptographically locked in escrow and released little by little overtime, they "dump" not that often and even sometimes actually buys XRP, and are pretty transparent and responsible (for now at the very least) about what they do (Unlike ETH for example). You also have to note that ripple is already a profitable business.
they dump / get rid of as much as they can every month. the original plan was getting rid of 1 billion a month but they couldn't. if you take this project serious then you are fucking retarded.

>> No.51260860

>>51260842
>>51259455
also they used to own 60pct. not to mention they gave early founders about 20pct. XLM founder got 8Billion XRP from the start. what a joke. wwhat a scam. worst tokeneconomics in the system. biggest pump and dump scam ever. not to mention, printed out OF THIN AIR

>> No.51260904

XRP is being sued by the US government. Once you realize everything, literally everything, in this world is the opposite of the so-called truth, then you see what's being done. This lawsuit seems to be coming to a close - or it's only halfway done - who knows. Either way, I know I'll be holding a healthy stack of this coin for when this lawsuit is done and over with.

>> No.51260989

>>51257740
Ripple can use legacy payments yes. But if they want to use the near instant settlement which are much cheaper they will have to use its native blockchain which is XRP. This is just how its going to work.

>> No.51261017

>>51260904
>XRP is being sued by the US government

The SEC also sued Apple, Amazon and Tesla. They sue anybody who is going to make alot of money.

Ripples Cross Boarder payments is like Amazon starting off with Books. They plan to take over the settlement of "all the money"

>> No.51261036

>>51260842
>they dump / get rid of as much as they can every month
most of what is released from escrow every month goes back into escrow
you have no idea where it goes anyway
certainly not exchanges/market

>> No.51261176

Imagine buying Amazon back when it just starting and riding it all the way up to today. That is what you are getting into with XRP. Only way better.

>> No.51261745

>>51261036
>you have no idea where it goes anyway
and you think this is a good thing? damn you stupid. i guess you need sub 90 iq to be a xrp believer. lucky for you there are many fucking retards on the planet. and thats why i bought a bag at 1600 sats. i'll dump for a 2 or 3x on the btc rate later.

>> No.51261799
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51261799

>>51257740
>>51258198
>>51258892
>>51259098
>>51259700
>Why do some of you guys on /biz think XRP will give good returns? Genuinely curious
deep down they don't actually believe it
they know they're just shilling their disintegrated neo-vagina folios and they just need people to play along so they can feel better
when they get desperate enough they wander outside their clearly labelled twitter nigger friendly general threads for attention and shit up the board

>> No.51261849

>>51261799
this thread even makes me want to sell my xrp bag early. its that bad. might not even make another run.

>> No.51261924
File: 3.27 MB, 1918x2600, 1653811228901.png [View same] [iqdb] [saucenao] [google]
51261924

>>51258198
>>51257740
https://www.youtube.com/watch?v=lP63dTY_7j0
here's a nice video where it's explained by a neanderthal caveman so anyone can understand it

>> No.51262712

>>51261849
So sold by now right?
It's been more than enough time. The ledger settles in 3-5 seconds and has been doing so non stop 24/7 for a decade.

>> No.51262896

>>51262712
no one cares about how fast your centralized scam coin settles holy fuck.

>> No.51262942

>>51262896
>centralized
This is massive cope on the level of total delusion.
Only a retard can pretend any of this anywhere is decentralized.
You are just repeating buzzwords from marketing teams.

>> No.51263263

>>51260842
>they dump / get rid of as much as they can every month.
It's pretty clear that they have a very long term view considering that they always put back in escrow most of it and sometimes even buy back xrp.
Of course that ultimately the goal is to dump it this is not a charity endeavor.
>if you take this project serious then you are fucking retarded.
Your case against it is pretty weak for now, anon
>>51260860
>also they used to own 60pct.
>biggest pump and dump scam ever
8 years to dump 10 of 60pct of the supply, and you still put it in the "pump and dump" category ?
>XLM founder got 8Billion XRP from the start.
Jed (el faggot) doesn't have coins anymore
>printed out OF THIN AIR
This is not a very well thought out statement anon, i'm sure you can do better than maxipad one liners and saying that everyone is retarded
>>51262896
>centralized scam coin
It's misguided in my opinion to compare every project unidimensionally, as for its actual purpose (suited for a specific set of constraints), the decentralization of federated byzantine agreement is actually decent.
However, transposing FBA to for example the privacy constraints of a project like monero (I see you posted monerochan), it wouldn't work (nodes too public to be a privacy consensus).
Any statement like "xmr > xrp" is myopic, as they don't fill the same purposes, they are both very well suited for what they do.
The fundamental analysis are completely different depending on the niche.
>t. studied consensus, chain and cryptography of both monero (zero_to_monero_2 by koe is bretty good) & xrp

>> No.51264971

Do u guys think we could hit hundreds

>> No.51266332

>>51257740
You do realise /biz/ in general hates xrp and sees xrp investors as the child of blacks and indians?
Why do you even ask this question. Lurk moar godfucking damit

>> No.51267632

>>51263263
>8 years to dump 10 of 60pct of the supply, and you still put it in the "pump and dump" category ?
you are right. its more it shoud go in the "bleed em dry slowly" category

>> No.51267641

>>51257863
>only one thread allowed cuz muh safe space rules
Fuck you

>> No.51267710

>>51266332
>shill KDA at $0.14 cents
>/biz/ ignores all my threads
>KDA pumps to almost $20
>/biz/ starts buying at ATH
And don't get me started on your erc20 token chainlank

>> No.51268282

I live in America and I cannot buy XRP. How can I purchase it?

>> No.51268291

>>51268282

You dont need to go out buy XRP now. Soon you will get a few drops of XRP (0.0001XRP) given to you weekly wireless right into your wallet implant

>>51268120

>> No.51268439

>>51268291
You don’t have to be a smartass about it. I was wondering if there is a work around the ban on purchasing it in America.

>> No.51268452

>>51268439
Just go to /xsg/ and read the OP you absolute mongoloid

and then bump my other xrp threads cause 90% of them are always made by me as a single entity

>> No.51268997

>>51268452
What’s /xsg/ ?

>> No.51269043

>>51268997
/xsg/DEEZNUTS

kek got 'm

>> No.51269074

QQ, that's wonderful! Everybody knows that crypto is the future, but have u tried Yopi Network?

>Earn while u spend crypto in daily transactions
>Pay globally with yopicash through NFC
>No team coins
>Few big partnerships coming up

>> No.51269084

>>51269074

SCAM WARNING PAJEET IS AFTER YOUR MONEY DONT GIVE HIM MONEY

>> No.51269168
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51269168

>> No.51269203

>>51269168
kek

>> No.51269378

>>51261017
Fucking retard.

>> No.51269405

>>51269378
hes completely right

you are the retard in this

>> No.51271025
File: 525 KB, 775x442, FZ6D_y-XEAYD5ZE.png [View same] [iqdb] [saucenao] [google]
51271025

>>51257740
ok, not gonna spoonfeed too much, but this text from a ripple employee is one of the things you have to be aware of.