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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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>> No.25097402
File: 127 KB, 304x166, image0900.png [View same] [iqdb] [saucenao] [google]
25097402

>> No.25097426

>>25097341
Xrp is unironically bleeding to 0.
This is how a billion dollar company goes to 0, you figure oh they can survive in other countries but who the fuck is going to be buying your bags?
If they're found to be a security no exchange offering it's services to the USA will touch them, xrp becomes the lepper token, liquidity will go dry as people desperately try to dump their xrp

The carnage will unironically end xrp.

And I for one welcome it.
Been waiting for 4 fucking years. Cucked so many actually good crypto projects.

>> No.25097448

>>25097341
XRP theme: https://www.youtube.com/watch?v=iYcbfc_UB6M

>> No.25097472

>>25097426
>but who the fuck is going to be buying your bags?
Who the fuck is even going to be able to buy their bags even if they wanted to, lol? It's literally getting delisted everywhere

>> No.25097510

Where’s the dump money going now? Will it pump something?

>> No.25097511
File: 78 KB, 960x960, 1572824023200.jpg [View same] [iqdb] [saucenao] [google]
25097511

Its actually really sad to see it happen.

>> No.25097628

>>25097341
https://www.youtube.com/watch?v=0M2m-UgLVKU

>> No.25097663

>>25097511

Lol, no its not

>> No.25097758

>>25097472
There are a few exchanges that don't offer their services or plan to offer their services to us citizens so potentially they would continue offering xrp
But for s large cap with this many bagholders to move all its volume to tiny exchanges YIKES.
We are watching the biggest bomb of 2020-2021 explode, normies will be obliterated beyond recognition.

>> No.25097822

>>25097341
2-3 no name exchanges with low volume delisted XRP. No one cares. Keep spreading your FUD. The court case isn't over yet. No one is selling until then. Enjoy being on the wrong side of history when the SEC drops the suit or loses.

>> No.25098016

>>25097758
I feel kind of bad for a lot of the normies who just bought xrp in coinbase or something because they thought it was cheaper bitcoin. They will be absolutely obliterated, you're right

>>25097822
So the price is falling off a cliff and trade volume is near all time high, but in your words
>No one is selling
Lol

Btw, the SEC doesn't really drop many cases at all once it gets to this point, nor do they make recommendations for jury trials for cases they think will just end up as fines... The SEC wins more than twice as many cases as it loses, and in this case, XRP being a security or not isn't even what it's really about. They're getting sued for being a pre-sale scam shitcoin that it's devs have used as a vessel to suck hundreds of millions of dollars out of, defrauding their investors for their own personal gain.

>> No.25098061

>>25097822
Have you educated yourself in regards to this case outside of xrp hype channels?
No joke anon, xrp won't beat this case, this isn't just about xrp being a security which they are. the sec is alarmed by the criminal behaviour the board of directors has displayed. This won't be eos, they're going for the kill.
Xrp can't never be a currency like eth or btc because they premined 100 billion and sold them as securities to raise capital. They're FUCKED.

>> No.25098130

>>25097510
Btc, eth, tether, various proxy coins like BNB

>> No.25098246

>>25097511
How do you feel sorry for these faggots after they spammed biz with coordinated shill threads every day for months (only after plebbit and every other community on the internet realized what a joke it is and started censoring their shit)

>> No.25098282

>>25098061
Despite the double negative, I agree.
I thinknits bad for crypto though.
Instead of 10 billion being traded for other tokens, in this case ots literally going to be 10 billion taken off the face of the planet and out of cryptonforngood.
Cryptonas a whole needs as much liquidity as possible.
Ps.
CHAINLINK is the god tier project

>> No.25098331

>>25097822
Even if they aren’t convicted xrp will remain a centralized scam who’s only purpose is to enrich the ripple foundation and fund their operations. You’re literally just handing your money to these corporate jew billionaires and getting nothing in return it’s so fucking pathetic

>> No.25098340

>>25098246
I feel bad for the people who got tricked, a lot of the shills were probably just shilling because they honestly believed in it. Their intentions were mostly pure, so I can't really feel contempt towards them.

>>25098282
It is bad for crypto short term, but longterm a good thing, since I think rooting out scams helps pave the way towards legitimacy.

>> No.25098556

>>25098340
True enough but it may mean that there will be no more normie hyped bull runs and only the mass adoption bull run in the distant future to look forward to.

>> No.25099171

>>25098556
That's probably coming to an end anyways with the influx of institutional money coming in. These guys aren't going to capitulate or fomo. There will still be lots of new projects continuously though, so money will be still be made. Like, just look at the boom of individual mining stocks after the gold rush. It was like 40 years of random companies seeing 1000x's