/biz/ - Business & Finance

[Anonymous No.24342970]

I wanna believe in XRP, but here's my problem.

Market cap.

At current price, it has a market cap of $25 Billion.

So even to get to $5, it would need a market cap of $250Billion. Just to put things into perspective, all of crypto has a marketcap of $500B. So to get to even 100, it would need an absurd MC, let alone $2000.

[Anonymous No.24342987]

+ you didn't even factor the fact that XRP is a fucking useless & worthless token

[Anonymous No.24342994]

>>24342970
it's going to kill all other crypto, just as planned by the nwo

[Anonymous No.24343010]

>>24342970
Something something escrow, something something international transactions, something something the standard

[Anonymous No.24343081]

>>24342970
Yeah and it was 4 bucks before. It will hit 2 atleast

[Anonymous No.24343117]

>>24342970
derivatives
Someone post the pyramid.

[Anonymous No.24343201]

>>24342970
Remittances is multi trillion, derivatives is quadrillions. Crypto market cap is not even 2% of what it should be, we are all extremely early. Gobal economy is going digital weather you like it or not.

[Anonymous No.24343233]

Escrow tokens may as well not exist, they have no involvement until put into the market and they only enter it when there are major players interested in getting ahold of some for businesses uses

[Anonymous No.24343282]

>>24342970
How new are you? 90% of xrp shills are Larpers that will never own xrp. Get it together newfag pajeet.

[Anonymous No.24343471]

>>24343117
someone find it pls, that jpg gets me so fucking horny

[Anonymous No.24343629]

You won’t get huge gains with xrp. You missed 500x in 2017. Now it’s basically mainstream and normies are priced in. You can only get big gains on coins that came out of nowhere like chainlink did.

[Anonymous No.24343735]

>>24343629
xrp has stronger fundamentals respect to link...
link is overvalued as of now..

[Anonymous No.24343790]

>>24343081
It was $4 for a day

[Anonymous No.24343819]

bitcoin has more than 10x the marketcap of xrp. i think it's very overvalued but still.

[Anonymous No.24343921]

>>24343735
thanks for your input pajeet but xrp does nothing and is used by nobody.

[Anonymous No.24343938]

>>24343921
brainlet

[Anonymous No.24343950]

>>24343938
this brainlet turned 5k to 150k this year :)

[Anonymous No.24344001]

>>24342970
if i have two pieces of shit and sell one in 10k the market cap of my two pices of shit is 20k why dont you get this assholes.

[Anonymous No.24344060]

>>24343921

until it receives mass adoption. we're all at the behest of institutions making the leap to use both xrp and chainlink. i don't see why we can't all thrive and prosper

[Anonymous No.24344096]

>>24342994
this is why they want you off the boat

[Anonymous No.24344120]

>>24342970
"That's right, I said ALL of the money"

[Anonymous No.24344207]

>>24344060
There's no reason for XRP. Chainlink and banking/SWIFT APIs can solve any perceived issues in remittances.

[Anonymous No.24344602]

Why are there whales investing millions in something with "no reason?"

[Anonymous No.24344663]

>>24342970
just fucking buy it and enjoy the gains.

[Anonymous No.24344678]

>>24344602
to pull the rug out and make massive gains

[Anonymous No.24344723]

>>24344678
delusional schizo fudder

[Anonymous No.24344779]

Sell all xrp now
Do not buy a single xrp
Ever

[Anonymous No.24344847]

>>24344779
Is this really what XRP is meant for?

[Anonymous No.24344875]

>>24344847
https://dex.xrplapps.com/
No more spoon feeding faggots
Do not buy any XRP
Sell any and all XRP you have

[Anonymous No.24344955]

>>24344875
I'm aware of XRPs usecase, but I wasn't aware of it connecting all of the commodities and derivatives markets

[Anonymous No.24344979]

>>24343950

Nobody here has more than 100k in their bank account right now

[renop No.24344989]

The exchanges are getting less popular lately. We need to invest in more good systems like gotem.io. You can stake nodes to run a decentralized version of the platform.

[Anonymous No.24345471]

Hold 5 XRP
If it crashes to 0 I lose about $2
If it goes to 2k like schizos say I get 2k.
Is this a big brain move?
Idk wtf will happen with xrp but a $2 is the worst that can happen to me

[Anonymous No.24345561]

>>24343629
Chainlink is a real shitcoin

[Anonymous No.24345760]

>>24345471

brilliant

[Anonymous No.24345830]

>>24345760
Cope

[Anonymous No.24345896]

>>24345830
Honestly, that's really dumb. It's not going to 2k, the amount of thought you even put into your scheme wasn't worth the nickle you're going to make at the end of this

[Anonymous No.24346124]

>>24345896
it may not happen for years, but it will at some point. ripple has the green light from the rothschilds on down. it will be at minimum at liquidity pool and bridge asset for exchanging currencies, and from there it can become a bridge asset for nearly everything. the market cap will be in the multi-trillions.

[Anonymous No.24346220]

>>24342970
Price is dictated by what people are willing to pay retard
It could start trading for 5$ today if that's what people would pay for it
Not directly correlates with market cap

[Anonymous No.24346256]

>>24343629
>look at me i'm a contrarian faggot: the post

[Anonymous No.24346337]

>>24346220
>price not correlated with market cap
>market cap literally defined as price*volume

[Anonymous No.24347387]

>>24346337
Check out the retard giving lessons

[Anonymous No.24347814]

>>24342970

[Anonymous No.24347827]

>>24346220

[Anonymous No.24347840]

>>24347814
>>24342970
IYKYK

[Anonymous No.24348025]

>>24343117
>>24343471
i have it on my phone do you still want it

[Anonymous No.24349074]

>>24344847
What do you think? DYOR.

[Anonymous No.24349147]

>>24346124
>>24343735
Why would a bank use xrp? What need do they have to use the token rather than digital dollar/euro/yen/w/e?

[Anonymous No.24349245]

>>24349147
they would use it to bridge between digital bhat and digital won, or digital cad and digital dinars, etc

[Anonymous No.24349318]

>>24343201
Guess I'll be the one that responds to the truth. All the money.

[Anonymous No.24349368]

>>24349245
why is there a bridge needed between digital bhat and digital won? The way I see it they're both (centralized) currrencies and as such I can't see why you would have to introduce a third currency to bridge the gap between 2 currencies. To me it reads like you need Coin F to trade bitcoin for ethereum; which makes no sense. Why would I need coin F?

[Anonymous No.24349490]

>>24343117
>>24343471
>>24344779

[Anonymous No.24349518]

>>24347814
>100000x
how does 10000000000000000000$ sounds like?

[Anonymous No.24349540]

>>24342970
>but here's my problem.
>Market cap.
Your problem isn't market cap.
Your problem is that you don't understand what market cap is.

[Anonymous No.24349644]

>>24342970
how many times does PNK have to do before reaching XRP? Yes, that's how early we are

[Anonymous No.24349733]

i have two pieces of shit and sell one in 10k the market cap of my two pices of shit is 20k why dont you get this assholes. i can sell mi other piece of shit for 5k and my market cap will go to 7.5 now i have 10k+5 k but the market price is 7.5 so i buy the top of the market cap of the 2 pieces of shit for 15 k and i think hey im a whale naw i could sell this shit for 20k a piece of shit so my market cap is 40k and i sell one piece of shiton "discount" for 15k then one idiot buys my piece of shit for only " 10 k" so i wait for another idiot to buy my piece of shit for another 30k ...are you idiots market cap means nothing on this....one dollar costs only one dollar one bitcoin costs always 1 bicoin and one peso always costs 1 peso.....imbeciles....

[Anonymous No.24349787]

>>24349368
LIQUIDITY FUCKIN STUPID ASSHOLE liquidity means you have 1 piece of shit byt you need at leas 1.5 pieces of shit to convert that in an ass hole. xrp does that ..... in seconds not days...

[Anonymous No.24349828]

>>24349368
They already use and intermediary. Its the swift system or ACH. Both are really slow as fuck even bitcoin with increased users is still faster than ACH in that it takes hours over days still. Apparently there are also higher fees and costs associated(employees lol?). Ripple is built to be a bankers coin. Its like renting money moving infrastructure instead of building new nodes.

[Anonymous No.24349852]

>>24342970
the fact that all crypto combined marketcap wise doesn't exceed 1 trillion yet tells me that were still super early, the question is which crypto seems least likely to be regulated out of existence XRP is already more compliant with KYC stuff that steve mcnutchin is talking about using there payid system

[Anonymous No.24349860]

>>24349368
Not all currencies are always available at decent exchange rates. Demand for a currency varies from country to country.

Lets say Vietnam wants rubles for some reason. Vietnam has dong for trade, but Russia doesn't really want dong. Demand is low, price is low. Vietnam could go through with the deal but they'd be forced to buy the rubles at a shitty price. In the current system a fair market exchange could still be done by Vietnam but they'd have to use someone else's currency to do it, adding more steps and losing a more in transfer fees.

Now add XRP into the equation. If there's a universally accepted translation layer of currency Vietnam could just trade some of their XRP for rubles to get a fair market price regardless of what Russia thinks of the dong. This is because Russia could also use that XRP to buy any currencies it currently is needing. XRP will add a significant amount of lubrication to the foreign exchange markets, not to mention free up a ton of cash that was previously needed to be held in reserve.

There's also a time element. XRP transactions are ungodly fast. I haven't had one ever take more than three seconds to register. Even a complete rush job using the current protocols takes 45 minutes at best.

[Anonymous No.24350262]

>>24349860
Someone finally understands

But fuck it
To everyone else
DO NOT BUY XRP
NEVER HODL A SINGLE XRP

[Anonymous No.24350461]

Everyone just set the xrp price point to 10k, end of story

[Anonymous No.24350488]

>>24349787
Who is going to provide that liquidity? That would mean instead of holding currency X Y Z someone has to provide liquidity by holding a currently highly volatile asset

>>24349828
yes swift clearly needs work it's an outdated system and everybody knows it. Though I was under the impression that swift had the near future pretty much locked down with their gpi through using oracles/smart contracts.

>>24349860
Theoretically this sounds great but I'm not so sure there are many institutions waiting to be stuck with the majority of their funding in a currency fully controlled by a single company.... This would defacto turn XRP into a "world currency" and I can't see the US government just bending over....
Furthermore in your scenario Russia needs to pay transaction fees because they get stuck with a currency they don't want: XRP instead of Zimbabwan dollars or whatever they're looking for.

The idea is decent but the only way I would see this working, realistically, is if X countries came together, agreed on a universal backing currency and split the governance between them. With the ripple company having full governance I can't see adoption happening beyond a few small players.

[Anonymous No.24350578]

stop

spoonfeeding

faggots
sell ur xrp and go away
leave us stupid skizos to play with our poop

[Anonymous No.24350628]

>>24345471
those are rookie numbers i just invested 10 USD

[Anonymous No.24350912]

>>24350488
>This would defacto turn XRP into a "world currency" and I can't see the US government just bending over
This has to happen at one point or another. Our debt is unreasonable and unpayable, and inflation can only be mitigated for so long. The question is do we wait for everything to come crashing down, or do we set up a new system while the world economy is still mostly functional. Setting up the system early ensures that you have a strong standing from within it.

>needs to pay transaction fees because they get stuck with a currency they don't want: XRP instead of Zimbabwan dollars or whatever they're looking for.
Fees will be almost insignificant compared to SWIFT transfers. Additionally, everyone is already stuck with huge reserves of various other currencies that they don't want. By the nature of our current exchange you need to need a bunch of cash on hand in a plethora of different currencies. There's a few trillion dollars worth of currencies that are currently bound like that. Simplifying all of that into one single coin solves a lot of headaches, and also means that the total reserve needed is lower. That's more money that could be out there working instead of sitting idle.

>is if X countries came together, agreed on a universal backing currency and split the governance between them.
There's evidence that that's the case, and they chose XRP. Billions of dollars have been dancing around on the ledger since Nov 20, they appear to be stress tests from institutions trying the service. Banks keep announcing partnerships with Ripple Labs. The biggest bags have been sucking up every XRP they can touch since the 20th. The schitzo general has a lot of good info hiding through out it, once you run it through an oldfag vintage filter. I suspect that there really are a few insiders there LARPing as schitzos.

>>24350578
No, fuck you. We make it together or not at all.

[Anonymous No.24351093]

>>24342970
where is your problem? market cap just goes up.

[Anonymous No.24351106]

>>24342970

[Anonymous No.24351278]

>>24350912
the price action recently happened days before the initiation of phase 1 of the iso20022 migration. pic rel. it cant get anmore obvious that this little pump is just the foreshadow of whatt is 2 come.

[Anonymous No.24351315]

>>24351278
they literallyy called it the big bang too, it doesnt get more obvious than this folks

[Anonymous No.24351604]

>>24343790
a day is all you need

[Anonymous No.24351708]

>>24342970
not gunna lie, I saw the xsg threads constantly being posted throughout october and decided to look into this myself. What I've found is alot of the breadcrumbs/info posted in xsg is simply just confirmation bias, most articles regarding central banks, swift, imf were straight up used out of context.
One example of this is when they refer to the ridiculous amounts of currencies moving through the xrpl as bullish news. The bagholders don't understand that all that's being moved are IOUs, for the currencies to actually move they still need to go through banks.

The takeaway is it's highly unlikely that xrp will hit 2k, but 10-20 $ is completely reasonable and likely to happen with the upcoming bullrun. Don't be delusional, take profits near EOY so you don't turn into one of those bagholders who bought at 3$ in the 2017 bullrun and been down 95% for 3 years.

[Anonymous No.24351813]

>>24346220

Great troll or a
Whew lad

[Anonymous No.24351819]

That's why you buy XLM instead of this trash

[Anonymous No.24351821]

>>24351708
Yeah I also think that 2k is delusional but i would be not surprised if it will go like antshares on last bull run

[Anonymous No.24352065]

>>24342970
Fun fact, until I remembered that one of the fun kinks in the Ripplecoin protocol is that it costs 20 XRP to set up a new wallet. Once you do, there's no way to move or sell them -- they just sit there on your phone, perpetually reminding you that you suck at financial planning.Best of all, this shit is supposed to bank the unbanked --you know, extend financial access to all the poor people in the third world who are making two dollars a day. And the way to do so is with a currency that costs ten bucks just to set up an account. And when Ripple finally hits $589 (any day now, right?) it will cost nearly twelve thousand dollars just to set up an account. Except, of course, the centralized validators choose to change the protocol at will

[Anonymous No.24352205]

>>24342987
fpbp

[Anonymous No.24352224]

>>24352065
clearly you haven't done your research, xrp is meant for banks, xlm is meant for the unbanked, this disagreement in target audience is why xlm became a thing. 20xrp account balance will just get reduced to like 0.001 xrp if it actually hits those prices. also centralized vs decentralized shit doesn't matter, xrp is definitely more centralized than btc, but no ones here for muh decentralized tech. at the end of the day if it makes you money who the fuck cares.

[Anonymous No.24352266]

>>24352224
no one does research in crypto as its basically meaningless. you buy and dump on the next one.

[Anonymous No.24352319]

>>24351708
>banks will transporting shitloads of IOU's when everyone has access to decentralized financial options and is trading real crypto like BTC

I'm satisfied with your first paragraph, but the second? Not likely. I give it $1.50 tops IF that greasy kike these fags worship doesn't just blatantly dump on all of them.

If you look at pic related, stomach it, and still truly believe that XRP is going to the moon in price action, you truly deserve to be poor.

[Anonymous No.24352344]

>>24342970
You are not getting it mate.
The ENTIRE POINT of XRP is to take up the excess fiat thereby curbing inflation in real goods whilst everyone slowly is transferred into these digital currencies.

The MC is going to moon by design. It will be tens of trillions by the time it's done.
IT (chosen cryptos) MUST ACCOUNT FOR ALL FIAT BY THE END.
Or near enough to all fiat that XRP and others will easily have 10 trillion dollar MCs.

[Anonymous No.24352435]

>>24352319
>If you look at pic related, stomach it, and still truly believe that XRP is going to the moon in price action,
Anyone who's buying in on the /xsg/ theories isn't expecting normal market actions for the moon mission. If it pans out the market will be turned on it's head. The chart before that point doesn't matter that much.

[Anonymous No.24352482]

>>24342970
market cap is a meme, it means nothing

[Anonymous No.24352593]

>>24352435
That moon mission is never coming. Since when in the fuck do the most risk averse institutions in the world start handing out $2000 assets with a $1999.50 discount? They keep on rambling how they are just being "shaken out" from prices that range from .2-.4 by the Elite.

When Trump comes out and makes FUD about XRP so the Fed can accumulate, when China and Iran are farming XRP, when XRP threatens the fabric of our current economic system centered around fiat currency, I'll take it a bit more seriously.

Until then, it is, and always will be, a useless shitcoin that is being peddled to the masses to distract them from obtaining truly scarce resources and assets.