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/biz/ - Business & Finance

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3311709 No.3311709 [Reply] [Original]

I'm new to crypto. So far I've bought 10k worth of SC and SAFE, and I'm feeling pretty good about that, might put more in every paycheck.

Anyway I keep seeing hype about XRP but I don't trust it. What caught my eye and got me into crpyto is that it's in the top 5 coins priced at $0.24 with a market cap of $9 bil.
But what turns me off is that it just seems like it's a bunch of dudes jerking each other off with no payoff.

Thoughts?

>> No.3311731

The price per unit of any coin is entirely irrelevant, as it's just the market cap divided by the supply, and the latter is arbitrary. Market cap counts.
Ripple is a company, not a startup, that's the difference.
That being said, I don't find it interesting.

>> No.3311753

>>3311709
its useless. banks are making their own cryptocurrency now, its in the news yesterday

>> No.3311761

>>3311731
So is the mindset of "if I can buy more coins, I can turn a larger profit" objectively false? Should I be less reluctant to buy into say, OMG, where I can buy only 20 full shares opposed to XXX where I can buy 20000?

>> No.3311775

>>3311761
nobody answer this guy

you need to pay the /biz/ fee if you want teachings

>> No.3311782

>>3311775
w-what's the /biz/ fee s-sir?

>> No.3311787

ripple is a jew coin thats why nobody likes it here

>> No.3311821

>>3311775
itll cost you 2 ETH

I even gave you a free advice earlier in the thread, so no discount

>> No.3311823
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3311823

>>3311761
what? If I understand you correctly, then OF COURSE.

Satoshi Nakamoto could have made the decission to multiply the supply by 100 upon releasing of the bitcoin code and then 1 BTC would be worth not 4800 but 4.8 dollar right now, and everybody with 0.4 bitcoin right now would (in that alternative scenario) have 40 right now, but it's the same value. The supply is some number hardcoded in the protocol. The market cap is (handwavingly) how much money has been put into it multiplied by how valuable people think the coin/share is.
Ethereum is 15 times as pricy as Dash right now, i.e. the trust in Ethereum as a project is quite higher than in Dash. The fact that both cost 360$ per unit is irrelevant

>> No.3311827
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3311827

>>3311821
I don't got the cash. Anything else I can do for you papi?

>> No.3311882

>>3311823
Makes sense. I should probably keep some of my investment in ETH. I got lucky last night with litecoin, went up 20 bucks. Essentially received a $100 sign on bonus. That bubble popped quick as fuck

>> No.3311919

>>3311782
Sharpie in the pooper

>> No.3312066

>>3311761
jayzes you are so fucking dumb

>> No.3313011

it literally moves with BTC

switch between the BTCUSD and XRPUSD charts and you will see it

>> No.3313023

Buying ripple has been my biggest crypto mistake ,I need the price to more than double to get my money back so I'm in this for the long haul

>> No.3313031

SBI Holdings, Inc. Financial Results for the Three-month Period Ended June 30, 2017.

here is the hype

>> No.3313133

ripple is coin for newbies

>> No.3313286

>>3311709
>How to make profit from ripple
>Buy ripple at .20, sell all the way to .30

>> No.3313493

http://newsdoses.com/855/6-worlds-biggest-banks-teaming-create-cryptocurrency/

https://qz.com/1066601/ubss-utility-settlement-coin-could-put-cash-on-a-blockchain-in-2018/

> The world’s biggest banks aren’t immune from cryptocurrency euphoria, with a range of projects underway to explore how traditional financial firms can benefit from the innovation. Swiss banking giant UBS and 10 other companies say that they plan to use the technical idea behind bitcoin—a distributed ledger called a blockchain—for their own digital currency (paywall). This could show the way for the world’s biggest central banks to do the same.


Ripple is done. I posted this yesterday. Do you really think that the banks are going to buy billions of dollars of ripple when they could just create their own thing and mine out half the tokens before hand? These people have been running the world's currency markets for hundreds of years and they didn't get to where they were by giving out free money to some kid who lives in his mother's basement.