/biz/ - Business & Finance

Shut

>>6929805
no one wants a centralized network, people are on ripple literally for the gains that come in from normies

>>6929805
get the cock out of your mouth mate

>>6929805
>bags are getting heavy

>>6929952
it's actually more decentralized than bitcoin

.Bitcoin
-One company has more than 50% of the hashpower (Bitmain)
-One oppressive country has more than 50% of hashpower (China)
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)
-One company can rollback the chain and bankrupt the entire ecosystem (Bitmain)


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-double spending not possible (the chain can't be rolled back)
-Consesus requires a supermajority of 80%
-Anyone can run a validator and use his own list of validators

>>6929952
>Centralized

ATM Ripple is more Decentralized than buttcoin

>>6929805
Circulating supply: 38 billion

>>6929805
XRP is the next DOGE

>>6930326
This is a mistake made by people who fail at math.
They only look at the whole coin, and not the BASE UNITS.
XRP can't be subdivided as much as BTC, which means that there is far less than you think.
Most people think 100B/21M means there are ~4700x more XRP. If you compare the base units, you'll find there are only ~47x more XRP. Not that much more.
That's also if you compare the full 100B.
If you're talking about the current circulating supply of 38B, then there are only ~18x more XRP than there are BTC.
You're welcome!

>>6929805
like it or not, it's going to $5.00 and it's going to Coinbase.

>>6929805
>Not wanting the next Ethereum for 1.30

Are you literally retarded?

I swear people are fucking brainless when they're holding.
Ripple is centralized.
So is NEO and XLM.
Might as well invest int Tether.
And this shitcoin is only going to bleed from now on. Crypto doesn't follow any logic of reasoning derived from the real world.

What evidence is there for it to appear on coinbase?

>>6929979

> One company has more than 50% of the hashpower (Bitmain)
fuck off with the FUD pajeet

https://blockchain.info/pools

>>6931018
>newfag pajeet doesn't know that bitmain owns and controls more than one pool

>>6930931
You haven't read the whitepaper, or any information on it.
It's a decentralized protocol.

>>6929805
dumb fuck, coinbase said last week that cRipple is not going to be added. Where are you getting your info from? post source or fuck off you dirty pajeet

>>6931337
>calls OP dumb
>can't understand basic English

they said they haven't made a decision to add new assets yet, they didn't say we have made a decision to not add new assets.

>>6931337
With Coinsquare and Robinhood adding Ripple Q1 2018 for US use, Coinbase is now under pressure.
Do you think they'll simply ignore the currently third largest (and recently second largest) crypto?
Only if they hate money.

>>6930979
None. Shills will be shills.

>>6929805
kekd
also saged

>>6930677
Total supply: 100,000,000,000

>>6931755
Each XRP is made of 1 million "drops" - this is the base unit.
Each BTC is made of 100 million "satoshis" - this is the base unit.

To see the ratio of XRP/BTC in base units, you'd perform the following calculation:

(100,000,000,000 * 1,000,000) / (21,000,000 * 100,000,000)

You can do it in plain english through Wolfram:
https://www.wolframalpha.com/input/?i=(100+billion+*+1+million)+%2F+(21+million+*+100+million)

Result? 47.61

There are 47.61 times more XRP than BTC. Not thousands of times more like you'd get if you only compare the whole coins without considering the base units, which is mathematically incorrect.

>>6929979
>Ripple
>-10s of validators
>-10s

>it's actually more decentralized than bitcoin

nigger

>>6931971

>>6931971
Now, if we want to calculate the ratio based on the currently circulating supply of each coin, and not the eventual supply of each, we'd do:

(38,739,142,811 * 1,000,000) / (16,826,237 * 100,000,000)

https://www.wolframalpha.com/input/?i=(38,739,142,811+*+1,000,000)+%2F+(16,826,237+*+100,000,000)

Doing this, we find there are 23 times more XRP than BTC currently.
Yep, only 23 times more. Not very much, is it?

So, how about comparing the prices?
Well, if we want to know what the price of XRP would be if it were equivalent to BTC, then we'd just divide the current price of BTC by the ratios we've just found.

So... ($11,284 BTC / 23) = $490 XRP

Uh oh!

>>6932021
It's ok if you can't follow the math.
Most people aren't smart enough to even understand basic stuff like this.

>>6932130

>>6932159
Keep posting these. For everyone else reading the thread and following my simple math, it makes you look terrible.

I'm open to a logical refutation if anyone can make one.

>>6932191
They can't

>>6929979
So why has it not mooned yet?

>>6932265
It mooned over the last 2 months.
It will do so again. These things don't happen all at once.
Notice that the rise of BTC took years, with many moons and crashes.

>>6932315
Ones that all looked huge at the time, but are dwarfed by the current prices.

>>6932315
$3 is not mooning when I bought at $1.60
My bags are getting heavy.
Fuck this shit.

>>6932434
You're very impatient. XRP is a long term hold.
Right now it's like buying BTC in 2013/2014.

>>6932528
>Centralized fiat shitcoin
>Like buying bitcoin

You must be a nigger.

>>6932558
Notice in this thread that no one has refuted any point I've made using reason or logic.

They only have memes and insults.

Which do you follow?

>>6932528
India will be a super power before this shitcoin takes off.

>>6932528
To think that any coin like Ripple, Stellar, Neo, Omg or otherwise will topple BTC and ETH...

>>6932609
To think that BTC can ever be worth more than $1000
To think that ETH can ever be worth more than $100

Lots of young people around here that have no sense of how things change.

The way things are right now is not how they'll be in a few years time.

>>6932578
Have a list of arguments. Enjoy the bags when the cripple foundation decides to print more.

>>6932658
That's the "bankers are coming for your BTC/ETH" meme, not an argument.

Pure conjecture from someone living in a fantasy.

>>6929952
>he cares about the fundamentals
>he is not in it for the money

Stay poor.

>>6932687
>Print fiat shitcoin
>Pump it bringing in shitloads of normie cash
>Trade it for BTC/ETH
>Implying this is impossible

You remind me of the retards at school just smart enough to convince themselves they're not retarded.

>>6932757
It's not impossible, but it's pure conjecture. There's no incentive for devoting so many years of resources to such a silly objective.

Think carefully - Ripple Inc. has been around for years now. It was around when the price of cryptos were very low. Any banks or FIs that wanted to buy up BTC/ETC have had plenty of opportunity to do so. No convoluted schemes necessary. In fact, some of them HAVE invested in those currencies, buying up large amounts.

> You remind me of the retards at school
That's all I need to know. Your brain hasn't finished developing yet.

>>6932852
Buy up all the premined, centralized shitcoin you want, man. I'll keep my monero on my memorized mnemonic key, thanks.

>>6932917
Zero refutation of the point and a frog meme.
/biz/ ladies and gents!

>>6932952
Why are jews so fucking annoying? Gas yourself.

>>6932980
And now a Jew meme!
The ride never ends.

>>6932752
Might as well make your own copy of Ponzicoin if you're going to think like that.

>>6932990
It's not a meme. You're a flamer of a kike. Pun intended.

>>6933023
I know it's hard that you can't refute the point, and aren't gracious enough to concede the point.

That generates some inner frustration, which leads to rageposting memes.

We've all been there, anon.

Coinbase literally said they would never list XRP. I dont know if these threads are intentional misinfo or just retards.

>>6933041
Why would I care about anything you have to say? You're shilling for ripple for fuck's sake.

PSA: Memes are fun, but when it comes to money, always use reason and logic.

>>6932265
lol

25000% in 12 months.

more moon missions ahead

>>6930035
except ripple can freeze your wallet

>>6933063
I don't mind that you keep posting like this.
You're making yourself look foolish, and my arguments look better by contrast.

>>6929805

THREAD UNCLEAR BOUGHT 100 MILLION DOGE

>>6929805

NO, JUST NO

>>6933052
already killed your your weak FUD: >>6931438

>>6933099
That's not correct.
XRP can never be frozen. You can check this in the whitepaper, in the API documentation, and in the open source codebase itself.

What CAN be frozen are IOU tokens, and they can only be frozen by the issuer themselves, not by Ripple Inc.

XRP is not "issued" - it's the only native asset on the ledger. No one owns it, and no one can ever freeze it.

>>6933067
>I want my money to be untraceable and only accessible to me and me alone

There's the logic. My funds are literally untouchable by anyone or anything provided I access them securely. You're betting on a shitcoin banks won't even bother using.

>>6929805

>>6933099
>being this desperate

only tokens can frozen by the issuers, XRP can't be frozen by anyone.

https://ripple.com/build/freeze/

>>6933170
That's a better argument. If you want anonymous, untraceable funds, then there are a smaller number of cryptos to choose from that suit that purpose.

>>6933137
https://www.inverse.com/article/39957-coinbase-not-adding-ripple-any-time-soon-xrp-sees-20-percent-drop
I can also give you links of them not being interested in premined or centralized if you want.

>>6933271
This is another repetition of a misunderstanding of Coinbase's announcement. If you read the announcement carefully, they're pulling the old political trick: "We can neither confirm nor deny the rumor."

From the article:
> As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.

They haven't decided to add any, and they haven't decided NOT to add any. Careful, precise language.

Most people don't read critically, however, and merely jump to the conclusion they want. Others get their info from secondary sources (like that one) and follow along with the opinions of the first group.

>>6933334
Well OP is stating they are adding it which is false. I can say "well maybe in 100 years they might add bitconnectX" just because they have no plans to and it doesn't fit their clearly defined characteristics they look for in a listing doesnt mean they wont!

>>6933271
that's their statement

"We haven't made any decisions to add new assets to Coinbase or GDAX at this time. Any statement to the contrary is untrue. Be careful what you believe out there! "

can't you understand english?


>I can also give you links of them not being interested in premined or centralized if you want.

it's more decentralized that bitcoin >>6929979

and they say their guidelines are just guidelines and they can ignore them if they want to.

not adding means losing customers to other businesses

Ripple isn't XRP.

Rippe is actually useful and the technology will succeed.
XRP on the other hand is the useless Shitcoin to earn them some money.

>>6932656
Past performance is not indicative of future performance.

>>6931438
You're really jumping through hoops to make that look like an endorsement for Ripple.
Given he holds more $ in ETH than BTC, I wonder what crypto he would want to dethrone BTC?

>>6933383
Yes, you're right on that point. Whether or not it will be added to Coinbase is conjecture.

We're seeing other major US gateways announcing support, however, so we can infer that the pressure is on Coinbase to make a decision.

>>6933406
I agree. That's why I invested in XRP based on the fundamentals - the use case, the people running the company, and their relationships, to name a few.

>>6933402
>only usuable coin in currently used by 5 financial institutions at the moment
>shitcoin

I can feel your terror. Your bags will become useless soon.

>>6929805
>Thinking Ripple will ever have a 41 trillion dollar market cap
>My reaction if if it ever does

https://www.youtube.com/watch?v=mko5Y8QUEjI

>>6933494
Market cap is another meme that most people don't seem to understand. Pic related.

>>6932434
You can't really base what a mooning is when you fomo'd in though

>>6933400
>it's more decentralized that bitcoin
Its not and any meme mental gymnastics to say this doesnt fit with what they clearly meant.
>not adding means losing customers to other businesses
Oh no? wait till you see how many coins Binance has! there is no possible way to transfer coins from one exchange to another or one wallet to another is there! Coinbase in and of itself doesnt even allow inter crypto trading, its all USD pairings which means theyd rather play it safe.
>>6933417
>We're seeing other major US gateways announcing support, however, so we can infer that the pressure is on Coinbase to make a decision.
Doubt it, they learned the lesson with BCH. Expect trusted legit ERC210 tokens waaay first. On top of that XRP has no use case for Coinbase end users, besides hodling.
>>6933527
This people investing over Mcap alone are simply ponzing themselves. If the purpose of buying is to sell at a higher price, you run out of buyers at the higher price. WE cant all cash out our Bitcoin at Market cap, the last people "out" would be cashing out at like a $ even though they have paper value over $10k.

>>6932658
Just read that, my ripple bags are getting heavy.
Should I liquidate?

>>6929979
>-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents (Bitmain)

Nigga watt, Canaan have been producing efficient miners just a little lower hash rate.
Also just wait Haolong is gonna rape bitmain in a few months.

>>6929805
Bought in sub $1 and have been told by biz it’s the worst investment on my portfolio. It’s also the only coin in my portfolio that has kept me green throughout this whole month. I’ve never been given a reason other than
>ebil banks

Keen to see what its limits are

>>6933527
Are you literally a fucking mongoloid?
>Be whale chinaman that bought millions of ripple at $.006
>Stupid white boys start paying $1,000 for one ripple
>NI FUCKING HAO!
>Market sell order confirmed!
>Tactical nuke incoming!
>Yao ming becomes the richest fucking man in the world and makes ripple worth diddle dick in a fraction of a second
>CHINA NUMBA WAN!

This is why market cap isn't a fucking meme and why you're a fucking invalid that needs to gas yourself post haste. It'll never reach $1,000 dollareedoos because all of the whales would push shit in if it ever even got close to that.

>>6933597
> Doubt it, they learned the lesson with BCH. Expect trusted legit ERC210 tokens waaay first. On top of that XRP has no use case for Coinbase end users, besides hodling.

Could be. They may decide they would rather leave XRP to other companies. I don't see that happening personally, but I admit it's a possibility.

Your second point makes no sense, however. XRP is designed to be extremely cheap and very fast to move (3 second settlement). It's a much better transfer medium than BTC or ETH, which are commonly used as bridges to trading in other cryptos.

You can hold it, just like any crypto, but it's not designed as a "store of value" as BTC is purported to be. It's designed to be used as a bridge currency between arbitrary assets.

>>6933104
jezus christ the autism levels of this guy...

>>6933724
However it performs in 2018 should be a huge indication. This is the year they'll keep signing on partners and the world will see just how useful or useless it really is. So far the signs look good.

>>6933700
>Canaan have been producing efficient miners
> just a little lower hash rate.

nigger detected

PoW has a flaw. Only Bitmain can exploit it. Google ASIC Boost, nigger.

>>6929805
Yeah true

>>6933730
More memes and zero arguments.
Refute the points about market cap intelligently, if you're capable.

>>6933771
Autisté Extraordinaire, at your service.

>>6933730
market cap isnt a meme and is important information regarding any asset including crypto.
But you are too retarded to get his point. Do you understand how exchanges work? they match buyers with sellers based on prices in buy orders/sell orders or people manually filling them. Mcap takes market price and multiplies it by supply essentially. However the lower the volume the more slippage. If a coin has a market cap of $10mil and low volume you could not actually buy the whole supply for $10million this is essentially what you know as a pump. Likewise if it had an insane volume you could probably have less slippage accumulating. Similarly with selling your dumb example assumes there is enough stupid white boys with Buy orders at $1000 for the whale chinaman to unload. Even if the market price is $1000 it wont take long to fill all $1000 buy orders driving the price down and lowering market cap.
Christ I swear people here are retarded.
>>6933741
No end user places accept XRP though, I see XRB filling this role better. Ripple is also seemingly targeting instiutions and large scale clients rather than some dude buying weed online.

The reason why XRP will not make it is because of these 3 reasons:

1.) 60% of the total supply is not in circulation. It will be added in to devalue the price of the token. If it wasn't going to be added in, the remainder would be burned.

2.) XRP is not Ripple. Ripple is useful to banks as fast transaction software. Ripple will be used by banks, XRP will not.

3.) XRP is not a cryptocurrency. BTC is hardcoded to have a top supply of 21M. XRP is not hardcoded to a max supply, therefore more tokens can be added to the total supply.

XRP is not trustless, you are putting your faith into a centralized source and hoping for the best. You may as well trade forex.

100% premine. lol. dumb fucks

>>6933951
Regarding market cap:
Still a big mess with no logic or reason behind it.
Who taught you how to organize your thoughts?
Take the time to write well.

Regarding end users:
There are some online stores that I've seen already accepting XRP directly. It's now powering end-user money transfer agencies (MoneyGram & Cuallix), although the users do not use XRP directly - instead it's used on the backend to perform the transfers.

They're going after institutions first, but if you do some research, you'll notice they also talk about targeting personal usage, as well as IoT usage.
Banks/FIs make the most sense to go after first, since getting them to adopt it for business purposes as a cost-saving/speed device is easier than convincing millions or billions of individuals to use it as a currency.
If institutional adoption ramps up, expect to see more focus on the other use cases.

>>6933951
Holy shit you fucking kike that was literally my mother fucking point Jesus Christ! DO YOU NOT KNOW WHAT A FUCKING MARKET SELL ORDER IS!? I FUCKING MARKET SOLD MY SHIT TON OF TRON AND FUCKED OVER A LOT OF DUMB NIGGERS, BUT STILL GOT MINE! I ONLY DID IT TO BE A DICK TOO AND LAUGHED ON BIZ WHEN I STARTED THE FUCKING DIP! A whale would not give a flying fuck at that point if it hit $1,000 fucking dollars! They would market sell it back down to nothing and still be among the richest people on earth!

>>6934142
then why were you trying to argue with an anon objectively explaining market cap? nobody said you cant make profits or sell some stacks at market price.
>>6934118
>although the users do not use XRP directly - instead it's used on the backend to perform the transfers.
Exactly. AKA they are not buying XRP on coinbase.

>>6933998
Wrong on all counts.

1) 60% of the total supply is locked up in escrow with a predictable release schedule. The lock-up coincided with the rise in price, meaning people are MORE confident now. Since it's predictable, it's already been priced into the market. A slow increase in supply over time will not devalue XRP, and it is not in Ripple's interest to devalue it.

2) True, xRapid and xCurrent are not the same thing. Ripple Inc. explicitly has stated (multiple times) that they split their product offering to solve the chicken/egg problem of institutional adoption. Banks/FIs using xCurrent are now on board, building a relationship with Ripple, and can introduce xRapid as a cost-saving measure in the future. Many banks have expressed interest in XRP. This information is easy to find, if you're inclined.

3) XRP is a cryptocurrency. It's the only native token on a cryptographically secure blockchain ledger. You can read the whitepaper and open-source codebase for more. XRP DOES have a max supply of 100B tokens, and if you read my posts about comparing the base units of BTC/XRP, you'll see how the total supplies really stack up.

Finally, it's not centralized. The network is run by dozens of validators currently, with the explicit stated goal of introducing more. Ripple Inc. has stated one of their goals this year is to remove one of their own nodes for every two third-party nodes added.

>>6934224
Not on coinbase (yet), but Coinsquare has announced it, and Robinhood has hinted at it.

There are many other exchanges that allow you to trade fiat currency for XRP.

>>6934335
no my point was they were not using XRP directly as you literally said. Im not FUDing the coin or saying it has no use. My point was the normies didnt need to buy the token first, thus they had no value buying it on coinbase.

>>6934224
Because if whales start market selling a ton of ripple, it will drive the price through the floor. You understand the order isn't cancelled when it hits all buyers at the specified price point right? It sells at all price points from the highest down until the amount desired to be sold is fulfilled. I used One whale as an example. One whale might tank the market for a few days but it could recover somewhat. If a bunch start dumping though, it's over, and that will happen far before $1,000. That was my point. I didn't know I had to spell it out word for word. Slippage does not matter if you bought at less than a penny.

>>6934418
It's got some small direct usage on various eCommerce sites that provide the ability for users to pay in XRP.
The normies who want to buy it now are investors.

>>6931548
This right here, only chance coinbase has in staying relevant is to add xrp and additional coins.

>>6934448
Thats what we are saying. If market price is $1k does not mean you cash out at that. Anon was literally saying the market would tank if (when whales cashed out) not that they couldnt make profits. And pointed out how volume is important here which it is, its crucial.
>>6934456
>The normies who want to buy it now are investors.
Which it strikes me Coinbase doesnt want to enable further

>>6934692
>The normies who want to buy it now are investors.
> Which it strikes me Coinbase doesnt want to enable further
What's your reasoning?
If many people want to buy (for any reason), Coinbase can make a profit by capturing some of that stream.
Also, the currencies they deal in are already heavily used by investors. Most people are buying BTC to hold, or to exchange for another crypto.

>>6934751
because the normies buying it are fucking morons and will cry if they get burned. Coinbase doesn't want the negative image or for whales to dunk all over them one day. Also because their original pitch was essentially to be a wallet service you can buy btc straight into easily. Gdax is a (shitty) exchange. Coinbase is not its based solely on USD pairings and uses Gdax as a back end.
While what you say about BTC is true, I would consider sending to an exchange a "use" they have for it. And when coinbase started it wasn't true.

Ripple 101
----------

-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators (e.g., MIT, Microsoft, ..etc), many more keep joining.


-The software is open-source (Stellar was a fork of Ripple).

>>6934914
I can see what you mean, but we've already been through a huge BTC crash, so whales are already dunking on them. The whole market crashed all at once, so it's a problem of unregulated crypto markets in general, and not XRP specifically.

My guess would be that they either truly dislike XRP and don't want to add it, or they're waiting to time the release for other reasons. Judging by the Coinbase CEOs likes on Twitter (where he liked a post calling for the downfall of BTC, and another for the emergence of XRP) I'd say it's the latter, and not the former.

>>6935111
I'm not saying XRP in general but even its smaller size. Realistically the BCH mess is more of a problem for them than BTC coming back down to earth. And one is avoidable.
While you assume its a matter of when I think that is thinking 5 steps in advance. I don't think they dislike XRP just don't think it fits their Coinbase business model in the forseeable future. I also think reading to much into an executives personal twitter likes is absurd. For starters he could just be liking the objective information about XRP market growth rather than being happy oe caring it grew. He could dislike like or be indifferent to XRP. or just be happy crypto was growing.

>>6935421
I agree on the BTC/BCH problem. I still don't understand why they rushed BCH onto the platform.

Even if they don't decide to add it, they don't have a monopoly on consumer USD<->XRP channels. Other services offer it already, and more will do so in the future. If they don't want in, it won't prevent normies from buying somewhere else.

I agree on Twitter, and it's not that I'm reading too much into it. I'm just using it as evidence that he clearly does not have a personal hatred for XRP or anything like that. Either that or he's playing some serious mindgames. In the end I think they'll add XRP just to make a profit.

Xrp market cap is currently 50 BILLION and all the dumb normie money is already in the market. If you expect this to even 2x from here you just can't do math silly reddit faggots

>>6935617
It literally has been up 2x from its current position when it spiked earlier this month.
Not so far-fetched to think it can climb to that point and beyond again.

>>6935044
Also no one ever mentions this:

Incentives to use XRP as offered by Ripple:

https://ripple.com/files/xrp_overview.pdf

>FEE REBATE: This program subsidizes the transaction fees charged by exchanges so market makers and payment providers can trade and process payments through XRP without any fees

>VOLUME INCENTIVE: This program rewards the largest market makers for trading XRP and building order-book depth.

>SPREAD REBATE: This program guarantees competitive spreads to payment providers processing payments using XRP.

By offering incentives, XRP will succeed like how BNB has succeeded

>>6932103

How about the simple fact that $490 per XRP multiplied by the o/s supply of 38.7 billion XRP gives a market cap of $18.9 TRILLION dollars? That would put it almost on par with the market cap of the ENTIRE S&P500 index ($23.9 trillion).

Are you fucking retarded?

>>6936148
See >>6933527
for how to think about crypto market caps.

>>6932000
>bitcoin
>1's of mining pools
>1's

you must have more bitcoins than you do IQ points

>>6936255

I understand entirely how market caps work and how illusory they can be. Regardless, to achieve a market cap of that magnitude (again, about on par with the ENTIRE US S&P500 index, XRP would need to either establish itself as the de facto world exchange currency, or just be pumped on such a sliver of actual tradeable float as to make the price and mcap meaningless.

>>6929805
Ripple doesn't meet Coinbase standard for listing and Coinbase confirmed larper

>>6929979
ur facts are wrong, if you knew that and posted anyway, yer just a liar

>>6930419
at least doge has a better mascot

and community

and ethics

>>6936625

>>6936413
If it were established as a world reserve currency, the cap would likely be in excess of $100T. That's highly unlikely.

For an $18T market cap though, we can look at the current ratios of volume to market cap. For XRP the volume is about 2% of the market cap. For ETH & BTC it's about 4%.

So, let's take the highest case and assume a 4% volume. That would mean that we'd need about $720B in daily XRP volume. If it's 2%, we'd only need $360B in daily volume.

Not so far-fetched considering they're targeting markets that move trillions daily.

If they're successful in their explicitly stated plans, we'll see those kind of levels.

>>6936566
See >>6933334
to understand what Coinbase actually said.

>>6931548
Ripple will be labeled a security since they are basically promising banks can expect a return and they aren't going to risk the legal bullshit and list ripple - it's a shitcoin they are getting people to buy so banks they have given Ripple to see an increase this is dangerous legal territory

>>6929805
Kinda wanna buy 100 just in case, wish the shitcoin I own 10k of would moon already so I can start investing in decent projects.

>>6936705
All coins are currently taxed as securities.
The rest of your post is unclear rambling.

>>6932609
There is only one real challenger - Vechain. Holy trinity BTC ETH VEN in atm's in Japan this year

>>6936625
>>6936661
Thanks, just sold all my ripple.

>>6929952
Do you like money? Do you even listen to yourself? I've made money on good coins and on fucking Tron. Don't be stupid.
So many of you are willing to pass on free fucking gains on a coin that is undervalued.

>>6936663

So your valuation is dependent on XRP gaining a daily transaction volume that, at a minimum, is more than 10x the daily volume that the entire crypto space generates right now (~$27bn). Not saying it's impossible, but thats a lofty goal that would take years to achieve. If you believe in it, then go right ahead, but I cannot see this ever happening.

These numbers also all ignore the ~60 billion XRP held by Ripple Labs.

>>6936738
XRB? same

>>6936844
Absolutely a lofty goal, and one that Ripple Inc. is focused on attaining. Judging by the people running the company, the people building the tech, and the relationships they've already developed, I think they have a great shot. That's why I invested a long time ago.

Also, you can plug in the full 100B if you like, as I've done in early posts above when comparing the supply to BTC. That 60B is locked up in escrow, slowly released over a period of years. It's known to investors and priced in.

>>6936742
My English not good I work finance for a large investment firm. Ripple has given banks free XRP, with no state purpose for XRP, but dangerous if considered a gift with future appreciation, legal limbo, tax type not the question .

>>6936844
>>6936849
Also, one more thing to mention is that that $490 valuation was only based on comparing the supply directly to BTC and using the current BTC price to infer what XRP would be worth if equal.

It doesn't have to ever equal BTC. It could simply rise in price to the tens of dollars, perhaps the low hundreds.

>>6937048
Which firm? Considering they have bankers on their board, central bankers promoting them, and are working closely with regulators, I doubt they're venturing into dangerous territory on this.

>>6936663
Ripple world currency. Hilarious. China setting world currency. Ripple not use in China. You are deluded your Doge not world currency why you spread shits

>>6937146
Your reading comprehension needs some work.

>>6936969

Most "investors" in this space are retards that only buy coins because they're "cheap" with no thought given to the current outstanding supply. That's how you end up with bagholders like >>6932434 who don't realize that the upside is quite limited in this current market given even BTC is "only" at ~190bn, meaning XRP/BTC parity would still only put XRP at around 5 bucks or so. It's almost inevitable that this current bull run in BTC/alts will die a fiery death long before XRP ever gets anywhere meaningfully close to those goals. Which then sets your holding period back years at a minimum. Amazon got BTFO in the 90's with all the other tech memes and yeah they're the big dog now, but it took them like a decade to get back to where they were at the peak of the bubble.

>>6937140
CatalunyaCaixa

>>6937168
I laugh at your joke it's funny like Doge is all . Wait you not joke?

>>6937183
BTC parity would put XRP at about $490
See here for the math:
>>6931971
>>6932103

>>6937207
>CatalunyaCaixa
Then your parent bank is using Ripple. Do you believe your company is doing something illegal?

>>6937168
English is the weakest of my languages, it's true

>>6937244
>>6937286
What I said was that it is NOT likely to be a world currency. I don't think that will happen.

>>6937283
now you see where concerns. nice detective work guardia civil .. impressed

>>6937248

I should have stated when I said "parity", I meant marketcap parity. As in, if XRP (~50 bn) had an equivalent market cap to bitcoin (~190 bn) right now, it would be priced at around 5 bucks.

Actual 1:1 parity between 1 xrp and 1 btc would be much higher, yes.

>>6937283
using not illegal

if ripple gifts promising potential appreciation and market xrp as investment this is illegal

I am not offering evidence, I have none, only some legal rumors

>>6937339
Sure, if you go by market cap that works. Still, Ripple is targeting use cases that imply a much higher market cap than any existing crypto. The current BTC market cap is not a ceiling for XRP (or even for BTC itself).

>>6937366
So my Spanish friend, do I hold or drop these heavy bags?

>>6937366
Ah, I see what you mean.
Do you think they're promising appreciation?
I think they're giving away XRP to get banks using it, not to promise appreciation.

>>6929952
The only thing "centralized" about Ripple is the fact that they control the distribution of tokens. In theory they could exit scam or inflate the market, but they have a majority of their tokens locked in escrow and are completely transparent about how/when they'll be issued.

>>6937383
Coin Market Cap is worthless assessment we laugh at it, this standard given power to assess by what fiscal authority jajaja on this i side with ripple

>>6937412
the assumption is if sold on open market to speculators then they either dumb or know it appreciating asset

dumb not a legal defense

>>6937409
I would hold not buy. I like XLM better, much better for world and better return, if you want a similar project and scope.

Both have potential, choose the one you want and hedge with the other.

And you are lucky I am actually Spanish, you do not call a Catalan Spanish or they may bite you.

Here is real banking tip -

The Swiss and Japanese are big into crypto.

You should be buying this market is not going away. Swiss don't lose money they smarter than all financially. Throw that at FUD when hear. Do what Swiss do = you get rich. Banking secret (not secret hiding in sight).

>>6937610
Is it true banks created XRP to buy up all the BTC/ETH from us normies?

>>6937839
no

but banks behind FUD campaigns and all are buying bitcoin and other assets

they compartmentalize so dimon and others can claim plausible deniability and not be liable vs hapless SEC but clearly they rare forcing way in gracefully BUY EVERYTHING THAT ISNT SHIT

only advice

>>6932658

>CRYPTOKITTIES AND PONZICOIN 3.0 ARE THE FOUNDATION OF OUR NEW ECONOMY

Ethereum is a complete and total joke. Nobody is using it for any serious business purposes. It's all games, literal ponzi schemes, and combinations thereof. It only became big recently because people believed the lies about how businesses would use it, and because BTC was too slow and people needed to move money between exchanges. Now ETH is slow and people are going to move onto the next coin that can handle large volumes of transactions. XRP is building out its the infrastructure in the banking industry. In the end-game scenario, the average cryptocurrency buyer doesn't even matter. The people who control $Trillions are the ones who matter and everyone already knows which coin they are preparing to use: XRP. When they go live with XRP almost every other crypto will be sold off to buy XRP. The only other survivors will be privacy coins like Monero. The only thing XRP doesn't do excellently is privacy. For all other purposes, XRP is the best.

>>6933099

Nobody cares. They can do that with all bank accounts worldwide, and that doesn't stop (You) from using a bank account, does it?

>>6939057
That and the fact that they literally cannot freeze your XRP. It's only a meme.
See >>6933152

>>6939140

I know it's a meme, but even if it's true, it's still doesn't matter. XRP is still the coin with the best long-term future because of who created it, and who will be using it: the richest, most powerful corporations and governments in the world. Anything they choose to use will be the winner of the crypto game.

>>6939223
I agree, but it's still nice to know for the small investor that they cannot directly manipulate your account.

When it comes down to it, the reality is that the rich and powerful already have plenty of ways to fuck an individual over if they really want to.

>>6932103
>>6931971
>>6930677

This is some interesting crypto fag price analysis, just to carry this math out to its conclusion with ripple,

>>So... ($11,284 BTC / 23) = $490 XRP

That would put ripple at a 49 trillion dollar MC, thats about 2/3rds of the annual global gdp of the whole fucking planet. Something is wrong with your maths.

>>6939456
See here for discussion on market cap:
>>6933527
>>6936663

Holding 3500 xrp here. I will make it.
Screen it faggots

>>6940126
Yes you will, Anon. Yes you will.

>>6939594
the way that you are assessing value shows what a fucking scam crypto is, or has become,

take for example exxon mobile there current MC is 374 billion, not shilling for them but they are a company that provides the world millions of barrels of oil a day, along with a shit ton of other products, you are saying digital bits are 100's of times more valuable then arguably one of the world mot useful companies? this is an interesting timeline for sure.

>>6940327
That's a faulty comparison of market cap in two different contexts.

Since cryptocurrency is indeed meant to be used as currency (especially XRP), it's akin to saying:

"The market cap of USD notes is $90T. Are you saying that a bunch of pieces of paper are worth more than the world's most useful companies combined?"

No one is saying that. It's a strawman argument.

>>6933698
I'm sure the author of that piece would agree that liquidating your undesirable coins would be a final solution to the problem of heavy bags.

>>6940482
gotta agree. >>6940327
you can't compare crypto to usd just like you cant compare btc to any other coin. We are in such early stages of adoption here, that the values could mean absolutely anything depending on what market the coin is taking over.
The rewards do not have to be monetary, depending on what the future holds

>he thinks market cap isn’t important

>>6940901
See here for discussion on market cap:
>>6933527 (You)
>>6936663 (You)

>>6940482
with all due respects I think I understand your argument yet at the same time think you are totally delusional,

>>"The market cap of USD notes is $90T. Are you saying that a bunch of pieces of paper are worth more than the world's most useful companies combined?"

Once again not shilling for the usd, first of all there is no market cap for the usd, usd will continue to print until war is declared on it, so you are making a straw man yourself. That is what gives the usd it power, sure it is a shit currency that has lost most of its value over time, but it is still the cleanest dirty shirt and will be until shtf,

>>6940957
See >>6933527
You can calculate market cap for anything that has a price and supply.

USD is just an example to get you to understand different contexts. It's not directly comparable, though it's more comparable than cryptocurrency vs. corporate stock.

>>6938975
ETH is creating half the crypto ecosystem it isn't a joke to just becoming spawning token and will be nothing else. This is valuable. Vechain is the real world. Ripple TBD, no use for token except padding banks and themselves. XLM is el superior,

>>6940327
coin Market Cap is not any real securities market cap assessment. Stop using it.

Ripple is coming to Coinbase, guaranteed. Why? Because this:

https://www.bloomberg.com/news/articles/2018-01-24/coinsquare-crypto-exchange-eyes-120-million-ipo-in-canada

Quote:

>“The United States and the U.K. market are next,” Coinsquare Chief Executive Officer Cole Diamond said in an interview Tuesday, adding he expects to be operating in those markets in the second quarter. “We believe that we will be a strong competitor to Coinbase and other exchanges in the U.S. by the end of the year.”
>...
>"The Toronto-based crypto exchange also plans to offer Ripple, one of 2017’s best-performing cryptocurrencies, starting in February..."


inb4 "hurr durr it doesn't meet the guidelines" that they explicitly state they are free to ignore.

XRP has billions of dollars in volume every day. If Coinbase doesn't add XRP before Coinsquare enters the US market in Q2 they will lose substantial market share and eventually be overtaken. Unless Coinbase is run by literal retards they are not going let their competition one up them.

This is Business 101. You will see Ripple on Coinbase in the next 2 months. Mark my words.

>>6941173
wtf are you talking about, MC is pretty much the only way to objectively value a company, crypto fags call it a meme, cuz no other argument.

>>6941239
I've warned these retards countless number of times. They will be posting pink wojaks and asking if when it will dip again.

>coinbase
>coinsquare
>robinhood

and many other bullish news...only a retard wouldn't hodl some.

>>6941447
See >>6933527

>>6934305
fudders btfo

>>6941518

Some people are just helpless anon. The writing is on the wall for XRP. Ripple will be a household name.

>>6934305
by the way, the institutional buyers who buy directly from Ripple aren't allowed to dump on the market by legal and technical constrains

>>6941657
I had read that somewhere. Smart move on Ripple's part.