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/biz/ - Business & Finance


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25099197 No.25099197 [Reply] [Original]

Ok serious question not meming. I have serious investment in ripple. I know many anons bad-mouthed it but a friend who works in a bank convinced me it's the contrarian bet because banks will take over the crypto space and they will all use Ripple as it is the only american registered trusted crypto. and now I see.it SUED by SEC? wtf... why sue ripple when it's serious tech used by banks and not montero which is used by criminals gangs and drugs dealers ?

please tell me this can still turn out ok? I texted mY friend he is saying he is actually buying even more as it's a dip and it will come out even stronger after lawsuit is dismissed

thoughts?

I will survive anyway, I have a job but this is a lot of money I have in ripple I put half of my grandfather's inheritance in it. it's not small money. I can't believe they do this, wasn't ceo of ripple even declared richest man in world in 2017?

>> No.25099423

https://www.coindesk.com/bitwise-liquidates-xrp-position-in-crypto-index-fund-following-sec-suit-against-ripple
Dont see this happening if there wasn't serious issues out there. Hodl if you are over market, under market sell and gain profit. Few years might be like Pokemon cards and gain some value

>> No.25099575

this thing is about to empty its bowels again.
It's a shit coin. Founders are crooks, too.
why you're in this without understanding anything about it is insanity.
your friend is probably not a financial adviser. your best bet is to sue him.

>> No.25099635

>>25099197
>serious tech used by banks
Uhh you should read page 57 of that document the sec released, no bank is using it.

>> No.25099638

>>25099575
it's probably going to be worth about a penny (or under) in the next week or two.
No one is ever going to want to use this coin again.

>> No.25099660

>>25099197
It's not going below .30c so you can load up here

>> No.25099695
File: 490 KB, 449x401, (you).png [View same] [iqdb] [saucenao] [google]
25099695

>>25099660

>> No.25099730
File: 228 KB, 1043x460, xrp not being used by banks.png [View same] [iqdb] [saucenao] [google]
25099730

it was all a lie that banks are using it, dude. just like everyone has been saying for years.

>> No.25099761

>>25099695
I've yet to see someone prove wrong
The support has been incredible at .30c, it literally could not go under for more than 10 seconds
The volume is dropping too, signaling a potential breakout to the upside

Either prove me wrong with your TA, or shut the fuck up

>> No.25099762

>>25099197
Sell now. Your friend is a deluded bagholders, see >>25097341 for sources on xrp being actively delisted

XRP will most likely be taken off every exchange by the new year, until this case is settled, which could be years from now. This also isnt even just charges for running an illegal security, these are allegations of straight up fraud. Prison time fraud. The SEC very rarely drops cases, and actually loses them about a similarly small amount. This investigation has probably been ongoing for years.

>> No.25099764
File: 389 KB, 1232x928, xrp nytimes.jpg [View same] [iqdb] [saucenao] [google]
25099764

>>25099730

>> No.25099769

>>25099197
Yes, absolutely get out of this. There is a possibility it pumps because the market is highly irrational, but if you are betting on this because you think it will actually be utilized for anything other than speculation, you are making a very poor choice.

Don't hesitate. I'm assuming that you should turn a profit, right? Even if you don't, is it really worth the risk?

>> No.25099783

>>25099197
You had 10 years

>> No.25099797

>>25099197
Token not needed. Good god biz actually fell for it. No bank is using nor is anyone else using it cause its shit tech

>> No.25099800

>>25099197
just buy bitcoin and ethereum faggot

>> No.25099837
File: 1.39 MB, 1200x800, 1601615681103.gif [View same] [iqdb] [saucenao] [google]
25099837

>>25099761
okay there, cowboy.
See how you like the next fifteen minutes.

>> No.25099860

>>25099197
>montero
isn't a centralized piece of code held by one fucking company that prints it and dumps it at will. I would argue RIPPLE LABS' actions are way more criminal than 99.9% of monero users. XRP is an absolute CANCER on the face of crypto and will be ERADICATED from every exchange. Cryptocurrency was created to fight fucking corrupt ass pieces of shit like the founders of xrp who profitted $500m off of xrp holders ignorance.

>> No.25099927

>>25099837
Good job avoiding the question, either show me your TA on how it could possibly break the barrier at 30c, or stop talking because you clearly don't know shit

>> No.25099928

>>25099860
why so much hate?

>> No.25099960
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25099960

>>25099730
Wow! Next you'll tell me no one is using GRT.

>> No.25099991

>>25099927
The market is showing you how right now.
And I'm saying it's going to a penny and under.
It's being delisted everywhere. The con is up.

>> No.25100013

>>25099197
SEC cant sue Monero because it’s simply too based. This is in stark contrast to your stinky scam coin which is also used for illegal activities, just of the white collar kind.

>> No.25100028

>>25099197
I have a friend at a bank too and he market sold all his ripple yesterday and said it’s over

>> No.25100030

>>25099928
huge companies in the space falling through like ripple labs could create a *ripple* effect in the market, if you catch my drift? Like look at what's happening to XLM and ADA. Plus fuck any crypto that isn't decentralized.

>> No.25100059
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25100059

Does your friend smell like poo?

>> No.25100080

>>25100030
you have a rigid mindset fren, not good

>> No.25100091

>>25099423
Of course a new exchange traded crypto fund will sell it all, they don't want to be associated with it if there's even a slight chance the lawsuit is successful.

>> No.25100111

>>25100080
Centralized tokens are a scam because a centralized non-scam token is called equity brah

>> No.25100120

>>25099797
biz never fell for it. only new redditors.
how many "daily reminders" are needed to quell the pull of XRP?

>> No.25100154

>>25099197
>I can't believe they do this, wasn't ceo of ripple even declared richest man in world in 2017?

Bait thread, pack it up everybody.

>> No.25100168

>>25099991
Past indications =/ future performance

It won't go below 30 cents due to large buy orders and a very strong support
The worst it could do is to dip a little bit before going up to 30 cents

>> No.25100172
File: 28 KB, 966x508, xrp.png [View same] [iqdb] [saucenao] [google]
25100172

>>25099837
10 was enough

>> No.25100174

>>25099928
Fuck off with this "aren't we all in this together biz" talk I've seen recently from schizos. I want to see this piece of shit scam flushed down the toilet permanently. Leave biz permanently if you don't like it.

>> No.25100180

>>25099197

Sell and go all in LINK

>> No.25100189
File: 72 KB, 919x576, received_416731206116750~2.jpg [View same] [iqdb] [saucenao] [google]
25100189

>>25099761
>The volume is dropping too
Is it though?

Lol

>> No.25100215
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25100215

>>25100168
XRP will never see .30 again.

>> No.25100220

>>25100172
It'll just be there for a few minutes, I don't see it actually staying there and not shooting instantly back up

>> No.25100223

>>25100168
This is the guy's life savings. He's not trying to trade this. Why are you giving him such bad advice?

>> No.25100225

>>25100168
AAAHAHAHAHAHHAHAHAHAHAHA RETARD

>> No.25100255
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25100255

>>25100172

>> No.25100276

>>25100225
See >>25100220
"The worst it could do is to dip a little bit before going up to 30 cents"
It already dipped before to .297, but it shot back up to .30c

>> No.25100284

>>25099197
Why would Ripple's CEO refuse to say XRP is a good investment last week? Its a scam and Im glad I sold.

>> No.25100290

>>25099575
>your best bet is to sue him
Can you sue people for giving bad advice?

>> No.25100306

Lol bagholder hell is actually real.

>> No.25100309

>>25100276
it's going to be .23 in less than 30 minutes.
All the rats are leaving the burning ship.

>> No.25100314

>>25099197
retard

>> No.25100324
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25100324

>>25099761
Nice unbrakeable 30 cent support btw. It would be a real shame if someone... Broke it

>> No.25100330

>>25099761
>The support has been incredible at .30c, it literally could not go under for more than 10 seconds
.28 on Binance and falling. That comment didn't take long to not age well.

>> No.25100333
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25100333

>> No.25100349
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25100349

>>25099761
you dumb fuckers are going to lose everything

>> No.25100348

>>25100290
Not sure. But there's a reason folks say 'I'm not a financial advisor.'

>> No.25100368

>>25100324
>Unbrakeable
Meant unbreakable obviously, but holy fuck autocorrect makes me laugh sometimes

>> No.25100386
File: 2.83 MB, 636x346, 02be81dd58d8273aca9a826469e45b8f.gif [View same] [iqdb] [saucenao] [google]
25100386

It's beautiful!!!

>> No.25100434

>>25099197
just put it in BTC/eth retard

>> No.25100440

>>25100276
COPE
O
P
E

>> No.25100447

>>25100330
Now halfway through .27. Yikes. This puppy is dropping fast.

>> No.25100468
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25100468

Imagine being dumb enough to try and catch this.

>> No.25100483

>>25099197

sorry my friend, you got scammed. Ripple is going to $0

>> No.25100500
File: 33 KB, 1580x78, Screen Shot 2020-12-23 at 12.50.23 PM.png [View same] [iqdb] [saucenao] [google]
25100500

THANK U RIPPLE

>> No.25100726

>>25099197
This market is irrational, but if I had ever been suckered into buying this garbage I would've sold it all the second the SEC announcement came out.

>> No.25100745

>>25099635
Literally everyone who has more than single digit IQ could see they were just using the funds by dumping XRP to make “partnerships” that go nowhere by lining up their pockets.
I won’t be surprised if 99% of their spending is marketing and partnerships.

>> No.25100788

>>25100726
1.5B XRP have traded today. If that doesn't tell you everything you need to know. You're about to learn.

>> No.25100812

>>25099197
>26 cents
HAHAHAHAHAHA
In less than 24 hours, ALL of the gains from XRP in it's little "moon" have been wiped away.
If you bought the scam, you deserve to be poor.

>> No.25100828

>>25099197
Sell it if you cannot stomach it. I would reconsider since its status is still up in the air. If it is a security that puts it into a different ballgame you may be able to recoup losses or some in a class action lawsuit. Its rather strange that ripple would be considered for the lawsuit rather that x-othershitcoin. I am not buying yadda yadda 3rd largest. At best this is a coordinated dump with help by the gov. At worst this is a precedent to consider other crypto assets as security. I am not worried b/c I have already gained back what I put in. I am going to hold to see what comes from it. If it becomes a legit security it means that I can sell it differently.

>> No.25100861
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25100861

>>25100745
same as all nonprofits.
look at the red cross.
the only people who get the money are the execs and marketing.

>> No.25100882

>>25100745
It's much worse than that. 99% of the funding was going into their bank accounts lol. It was a complete and total scam

>> No.25100900

I get it, it's a shitcoin, but look at the board of directors...
It's all high profile bankers. J P Morgan, black rock, credit Suisse, Morgan Stanley, a MIT professor.
They would've looked at this before joining this company, they would've seen if it's a fraud, wouldn't they?
Or do you think they will jump ship now that it's sinking?

>> No.25100975
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25100975

Please hold your xrp shitcoin i want to see you lose all your money.

First if you didnt see all those redflags when you read about the employees of ripple you deserve to lose all it all.

>> No.25100984

>>25100900
>Shocked that bankers would be participating in fraud.
kek

>> No.25100994

>>25100900
they cashed out ages ago.
please don't tell me you think bankers aren't crooks.

>> No.25101026

>>25100861
>>25100882
Tbh it’s pretty based.
I hope the faggots who invested take this as a learning experience.

>> No.25101034

>>25100900
Do you really believe ex-bankers are honest people? They saw a potential loop hole to scam and went in

>> No.25101140

>>25099660
>>25099695
>It's not going below .30c so you can load up here
KEK bro its 27c and 17c soon

>> No.25101162

>>25099761
This aged well

>> No.25101202

>>25100900
see >>25099730

>> No.25101289
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25101289

>>25099761
you have to be larping lad

>> No.25101296

I hope schwartz and garlicbread lose their house
then get passed around like the village bike in jail

>> No.25101335
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25101335

>>25099660
>He says as its currently sitting at 27 cents
Just admit it. You got jewed.

>> No.25101348

>>25099762
They lose all the time nigger

>> No.25101414
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25101414

>>25099761

>> No.25101416

How are there still buyers for this?

>> No.25101438

>>25099197
it's most likely going to zero. You realize sec winning the case means that Ripple (the company) is bankrupt?
the whole network is just going to be gone. Xrp - gone.

>> No.25101448

>>25099197
>Banks will take over the crypto space
>USPS will take over the email space
>RIAA will take over the music space
>MPAA will take over the video space
>Barnes & Noble will take over the bookselling space
>Banks will take over the crypto space
lel. Absolut LEL.
simply ngmi

>> No.25101450

>>25101348
Sure, but they're not going to lose this one.
Jewinghouse and the his fat yid lackey are fucked.

>> No.25101481
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25101481

>>25099761
>The volume is dropping too, signaling a potential breakout to the upside
Imagine talking about volume and TA when its a massive legal enforcement action.

>> No.25101508
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25101508

>>25101416

>> No.25101660

>>25100168
it's already at 26 and staying there. put your TA up in your ass

>> No.25101712

>>25100276
please continue muh friend, I nearly believed you.

>> No.25101724

>>25100900
lol. how delusional are you really?

>> No.25101827

>>25101660
there's no TA for this situation.
This is capitulation.

>> No.25101867
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25101867

>>25100900
Mattis and other bankers joined Theranos. Directors dont know all the details of day to day operations.

>> No.25101952
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25101952

this is EXACTLY how you get $2k EOY
fucking around the slow proper way is bs, so they are using this house of cards lawsuit to move shit forward like snapping their fingers

Plus, the great shake out has finally happened (is happening).
I'ts all coming together this is bullish as fuck

>> No.25102012

You guys realize Jay Clayton issued this lawsuit 2 days before he was forced to resign from SEC chairman?

We wont know how serious this lawsuit is until we see the new chairman. For all we know this could be Clayton throwing a hissy fit because Donald gave him the boot, and gave his SNDY job to Strauss.

>> No.25102107

>>25101867
>Theranos
Really??!? Oh... wow.
I'm now even more lost for words.
On that note, you've got about 5 minutes until the next bowel movement.

DO NOT TRY AND CATCH THIS.

>> No.25102138
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25102138

>>25101952

>> No.25102141
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25102141

>>25099197
And let me tell you. When the market first crashed in March and XRP reached 17c I realized it is over and I will never be rich. The kikes will never allow it. At first it was hard trying to come to terms with this fact but I eventually came to the conclusion that the only way to be rich, is to pretend that I am rich. So one day I blurted out to my friends and family that I'm very rich and have pretty much made it from crypto for a while but that I've been keeping a low profile for obvious reasons. Then I started telling them all about RapidX, Brand Garlinghouse, babacugs, the Masonic Monetary System and how everthing is connected. First, they didn't believe me. Second, every time the price of Bitcoin went up or was in the media they kept asking me about my "bitcoins", "how about those bitcoins going up lately anon". It was very hard dealing with this sort of double life so I just kept smiling but deep inside I was seething because the price of XRP was still .25c at that time and I had traded my BTC for more XRP the year before and here I was holding my Ripple bags while the Golden Bull Run was departing without me. Just one disaster after the next, at one point I was shorting XRP because my stack was getting smoller from all the failed longs before. Even that didn't stick as Ripple made some pathetic announcement about some bank partnership so the price shot up 5% and liquidated me. Then near Christmas the SEC news dropped and nearly brought me to complete ruin. My long longs obvliterated, my networth sunk to new lows not seen since the Great Depression and the despair was taking it's toll on my health too. In the end my friends and family all think I'm the same loser so nothing has changed except now I'm also known as that "weird bitcoin guy". I don't know how much longer I can keep this charade going and I don't think it even worked. What should I do now? Should I double down and buy more XRP or should I sell?

>> No.25102168

>>25100333
Please SAVE US SMINEM

>> No.25102202
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25102202

>>25102107
>On that note, you've got about 5 minutes until the next bowel movement.
BRAAAAAAAAAAP.
Merry Christmas cripplefags.

>> No.25102268

>>25102141
dno dude but u got some issues

>> No.25102330

just sell and look to invest in a real good project dumbass

>> No.25102345
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25102345

>>25099761

>> No.25102355

>>25099761
My God, how can you possibly be invoking TA at a time like this? Even when an asset is stable, TA is sketchy at best. Ripple is on the verge of being untradeable in the US and you're still trying to use fucking the fucking charts to predict the outcome? There is literally no positive sentiment around XRP from anyone other than those who are already invested both financially and, for whatever nonsensical reason, emotionally. You need new money to come into the coin to make it go up. Holding won't achieve anything.

If you're so desperate to use TA, then understand this: The green candles that are periodically popping up are from algo traders. Look at a 4 hour view and see the pattern - there are no signs of hope anywhere. The bots are constantly buying XRP as it reaches new lows and then dropping it, you're using fucking minute traders to make long term calls.

XRP is a coin. It's not on your side. You aren't fighting for some cause by holding it. You're a trader holding a consistently depreciating asset. Get a fucking grip you little pussy - sell XRP and buy back later if you really think it has potential. Think logically. If you came in as an outsider right now, would you buy in? No? Then why are you holding you complete retard?

>> No.25102382

>>25099860
based

>> No.25102392

>>25099197
serious answer:

-ripple not being used by banks, go to your local branch and ask them to send 10k or more through ripple/xrp, they will look at you like you are on drugs.

- secondly, look up CBDCs. this essentially means banks will be out of the picture, and citizens will be holding money that is essentially banked directly with a central bank, again if your ripple theory had some weight and they really did have partnerships with the banks, this doesnt matter anyway because the future is going to have people with the bank accounts you are used to today.

- The more private and decentralized the currency the harder it will be for authorities to crack down onto, So if monero or btc is adopted by criminals ask why they choose thsese over fagcoin aka ripple.

Get out, its over for xrp, you can still trade it now for BTC or ETH on exchanges, whats comming next is the mass delisting of XRP so that will mean you will bag hold the coin that no exchange will accept or let you trade for it, Uniswap is decentralized but only for ETH platform erc-20 coins.

Get out of XRP now, dump it, get something better this shit is trash for real wake up anon. Being serious here. not trolling and memeing

>> No.25102449
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25102449

>>25102138
(You)

>> No.25102654

>>25102449
I'm not the one losing 40% of value in 24 hrs.

>> No.25102691

>>25102449

call me a nigger, call me a fag, call me a tranny, feel welcome to seay whatever you want, but if you bag hold XRP you are the one that is truely fucked financially, Im good with my coins

>> No.25102755

>>25102654
>>25102691
>plebbit faggots go REEEEEEE
pottery

>> No.25102920

>>25102755
I dont care what you say...because...because...


I AM NOT LOOSING MONEY

eat shit, or better yet, eat XRP it is the same thing.

>> No.25103170

>>25099575
Based. Accurate. Sage.

>> No.25103369

>>25102920
I'm still 2x retard
$2k can't be stopped

>> No.25103711

>>25102355
Based

>> No.25103890
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25103890

>>25103369
Oh my God people are like this are going to get absolutely devastated. I'm almost, dare I say it, sorry for them?

>> No.25103930

>>25099197
no banks using that shit and it's not even a cryptocurrency
you and your friend are fucking retards

>> No.25103991

this action is fucking brutal lol
https://pro.coinbase.com/trade/XRP-USD

>> No.25104233

>>25103369
>>25103890

Guy is deluded and will try to convice other people to buy a coin which for all intents and purpose is dead, even if the SEC does not put a massive fine, the lawsuit let the truth out: no bank is using this shitcoin.

>> No.25104251
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25104251

>>25099660
this post aged like milk LMAO