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/biz/ - Business & Finance

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52720610 No.52720610 [Reply] [Original]

If banks are gonna buy back XRP for high prices, why don't they buy it now already for low prices? Something doesn't add up here.

>> No.52720619

the amount of blatant cripple shillbot threads is the only thing that does not add up here

>> No.52720634

>>52720610
when the switch flips $37500 will be a bargain

>> No.52720645

>>52720634

How high could it realisticly go?

>> No.52720656

>>52720645
buddy the GDP of the world is going to be on this chain in one way or another. there is no limit

>> No.52720659

>>52720610
they like to buy high and sell low

>> No.52720664

>>52720656
Like 6 digits per XRP or could we see one million dollar or more for one single XRP?

>> No.52720676

>>52720664
yes lol there's a reason it divides to 6 decimal places

>> No.52720764

>>52720676
What do you mean?

>> No.52720876

>>52720610
because stonks, faggot

>> No.52720893

Because because it just is the standard okay?!

>> No.52720973

>>52720893
okay bro

>> No.52721484

>>52720610
they will market buy each XRP at $2000 not $0.40

>> No.52721506

>>52721484
Wouldnt they save alot of money if they bought lower?

>> No.52721594

>>52720610
XRP and XLM will be government subsidized, so the whale investors and their cronies (who work in government) have worked out a deal for a buy back at a high price so that they get huge profits from taxpayer money. Same old story.

>> No.52721607

>>52721506
They would need to know it will 100% rise and if they did know this, the price would skyrocket over night

>> No.52721624

>>52720610
It’s hilarious people think banks will buy XRP, rewarding autistic rent seeking cryptotard neckbeards

If banks every use crypto for institutional exchange, it will 100% be a closed eco system - xrp is just a poc for that

There is zero chance banks will buy xrp at inflated speculated prices from the public

>> No.52721680

>>52721607
Okay so we are just smarter than the banks then?

>> No.52721695

>>52720610
they're legally not ALLOWED to buy it!!

>> No.52721712

>>52721695
why not

>> No.52721768

>>52721712
Cause only cryptotards are allowed to profit of its adaptation

You see, the banks are going to reward us for rent seeking xrp, and make us all millionaires when they adapt it - cause banks are generous

>> No.52721785

>>52720610
>why don't they buy it now already for low prices?
They already did my dude. The Rothschilds bought a fuckton of it as well as the Meolon family with started the larp to begin with.

>> No.52721792

>>52721680
We are gambling, banks can't really do that

>> No.52721813

>>52721768
Is this really the case? Banks are generous?

I dont know call me maybe negative nancy but I dont really believe good things like this can happen to me

>>52721785
>>52721792
okay thius might give me some hope yes

>> No.52721856

>>52721813
Banks will be happy to buy our xrp bags instead of just operating in a closed ecosystem where they profit, exclusively, since it’s fair, since we were first to start speculating and banks only care about fairness and not profit

>> No.52721869

>>52720610
They'll get sued for purchasing unregistered securities if the lawsuit goes against Ripple. Plenty of would be buyers have held off because of the uncertainty.

>> No.52721911

>>52721856
hmmm seems to me that banks are pretty cool

>>52721869
ah okay yeah i guess it makes sense

but how about banks from other countries?

i dont know i want to believe but im still not 100% convinced

>> No.52721916

>>52721869
Can't get sued if your ledger mysteriously fell into davy jones's locker in an unfortunate jet skiing accident

>> No.52721931

>>52721911
Totally - the roadmap for xrp is clear, since banks are trustworthy and will buy our bags and make us Rich

>> No.52721997

Crypto is used by pajeets and chinks to sneak money into the west. Crypto is used by billionaires to pay their hookers and hit men. Crypto is used by pedophiles to acquire children from the third world. Crypto is not used by banks to wire money. They can literally print money. You retards are unironically caught bagholding in a meme. The banks would rather lobby the fed to create a “safe, traceable” payment system than to adopt some random crypto “currency” that will make a bunch of retards rich. It’s a stupid plan but you’re blinded by hope and greed.

>> No.52722047

>>52721997
Wow dude you just made me bearish af

>> No.52722056

>>52720610
>why don't they buy it now already for low prices?
Regulations not in place, also they don't exactly have to buy it themselves from the open market. Ripple has already been doing a lot of preallocation, the can just sell it to the banks extra cheap otc

>> No.52722122

>>52722056
ripple has been giving xrp for free to banks just so they can use the ledger

meanwhile schizos are openly buying this globohomo shitcoin at inflated retail prices, particularly during shill intensive campaigns like the ones where it went over $3 5 years ago and has been dumping ever since.

>> No.52722198

>>52722056
>muh regulations
Cope retard. If banks could make a billion today for a $900 million fine tomorrow, they would. They aren’t touching crypto because it’s all fucking retarded. Hundreds of different coins that all do the same fucking thing. It’s all supposedly a form of payment. Why the fuck would a government want untraceable cryptographic payments? Why would a bank buy your dumb ass vidya fortnite coins and make you all rich in the worlds largest pump? Why does any retard think this would ever happen? They can just hire some legitimate computer scientists and cryptographers to create a system that they control, and get it all funded by the government. If you for one second thought a bank would buy your game token bags and make you Rothschild rich irl, you are a Downie.

>> No.52722208

>>52722122
Yea, nothing wrong with that tho. It will be the neutral bridge currency between cbdc's. Money simply won't move without xrp in the future, try putting a price on that

>> No.52722248

>>52722208
Why wouldn’t the banks just make their own system?

>> No.52722336

>>52722248
No need to, private public relationship suits them well, plus it's stress tested for 10+ years. Doing it themselves would just cost time and money, both of which banks don't want

>> No.52722356
File: 34 KB, 484x306, A802E05F-9370-4A99-B025-70D7355F379A.jpg [View same] [iqdb] [saucenao] [google]
52722356

>>52720610
Mental illness

>> No.52722377

>>52722356
I pray you do not kill yourself once your face has been thoroughly melted

>> No.52722390

>>52722198
And when every other goverment decides to use a different system, your proprietary system will flop

>> No.52722391

>>52722336
Also why even bother to do it yourself if you can just outsource it and be in control of money/currencies anyway in the form of cbdc's

>> No.52722415

>>52722377
Seethe, cope, dilate as everything else moons but your shit coin

>> No.52722420

>>52722336
But buying the bags off speculators also costs them money - why wouldn’t they just set the prices themselves (at an institutional level)

Way to much risk letting private actors speculate on that - not just financial risk but reputational and legal risk -

They can just copy and paste the xrp poc into their own institutional system and leave all the xrp bag holders out of it - likely, that’s precisely what the plan is

>> No.52722426

>>52722420
why would the BRICS nations trust a fork created by the US government?

>> No.52722448

>>52722391
They don’t necessarily have to “do it themselves” -

Anyway, it will never happen - these institutions will work with central banks and create their own ecosystem

Never in a million years will the financial elites cede this control

>> No.52722473

>>52722426
Why would brics trust xrp/ripple, a us-controlled corp?

>> No.52722500

>>52722473
they don't have to
the ledger is public, has been running uninterrupted for years, and the code is auditable
They'll likely run their own validators and create a UNL with nodes hosted by other nations they do not view as hostile actors

>> No.52722539
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52722539

>>52722448
Oh they're not ceding control, they are assuming control... and they won't be buying our bags, directly.
>why wouldn’t they just set the prices themselves (at an institutional level)
This will happen. But they still need xrp to move anything

>> No.52722544

>>52722500
Or they’ll just use their own system - I don’t think BRICs country’s are going to use a system that’s subject to US sanctions, seizure, and intelligence gathering - same goes with EU

>> No.52722561

>>52722539
Why? I don’t think global finance needs xrp for anything -

>> No.52722565

>>52722544
Explain to me how someone could implement sanctions on the xrp ledger as it exists today

>> No.52722604

>>52722565
If a country became reliant on xrp for global financial transactions, and wronged US interests, couldn’t the U.S. just demand they be excluded from transacting?

If your answer is no - given some technical reason, that’s precisely why they’ll never adapt it - they need to control the system -

>> No.52722609

>>52722561
Liquidity, the world needs velocity of money, quick (3-4s) settlement times and interoperability. It's kind of too late to back out anymore anyways since they're already implementing their cbdc's.

>> No.52722629

>>52722604
no, you cannot
the worst you can do is cause a fork in the network, and I'm sure the sanctioned nations wouldn't give a shit if they forked off from the US, it would only hurt the US in the long run
The US may have the "need" to control the system, but they no longer have have the power to
the world will move on with or without the US

>> No.52722646

>>52722629
No, all countries want to control

That’s also why the EU will never adapt it

>> No.52722662

>>52722646
then global trade is doomed
I for one am looking forward to eating berries and living in a hole
I already have experience living for extended periods of time without plumbing or electricity

>> No.52722758

>>52722646
Eu will be the among the first to adapt it. They will have complete control with their cbdc's. They simply need it at this point. With the liquidity they gain from from using xrp they can stimulate the economy whenever they see fit, adding velocity of money and injecting it into the system. Plus as I'm sure you're aware of they will also control finances in the form of carbon credits. UN is already building a carbon credit exchange on the xrpl called xange.com. Their website had some really juicy info before they took the info down. Look I'm not even trying to convince you to buy, but the upside is simply enormous. I'm quite exited about all these developments, it's going to be a wild ride whatever happens

>> No.52722876

>>52722604
We are headed into a multipolar world, the US wont be the only one who gets its way.

>> No.52723194

>>52720610
Because XRP is intended as a medium of exchange. It's not useful until you need it. Not a "store of value." The company is targeting overnight repo, cross border remittance, and other instantaneous services. Ripple is *not* trying to create another kind of money. So the price of an XRP will always reflect the system's volume rather than having a high floor set by token-mining economics.

>> No.52723999

>>52722629
>>52722758
>>52722876
>>52723194
stop spoonfeeding not everyone is supposed to make it

>> No.52724104

>>52722609
>they're already implementing their cbdc's.
CDBCs favor UTXO model, kek.

>> No.52724105

>>52723999
Checked, if they stopped shitting up xsg I will stop spoonfeeding.

>> No.52724144

>>52723999
checked and yes dear'd

>> No.52724198

>>52720610
they will buy it over the counter from Ripples escrow instead of off the market. The real question is why would they? Why not just use the cbdc when it comes out

>> No.52724385

>>52720610
the banks will be forced to purchase our xrp at the barrel of a galactic federation plasma rifle kek probably not but also not too far from the truth strangely... the reason the banks will buy is bc if they DONT buy XRP then retail will own the global chain, quite simple really and $1,000 per XRP is chump change to the global debt market - they ARENT being generous even at $10,000 an XRP remember they print fucking money XRP bro bros
>>52721624
>no, only ME the BANKS are allowed to rent seek, not you wagie!

>> No.52724600

>>52724385
In your fantasy they will buy xrp from you for 35,000 and pay you the 35000 in xrp?
I’m going to ass rape the FUCK out of every last one of you retards

>> No.52724658
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52724658

>>52720645
GOOD NEWS!
The market cap of XRP will absolutely reach $37500, and sooner than you might think!

>> No.52725607

>>52724600
this guy will be the first of many mass suicides when they realise just how wrong they are, the cognitive dissonance will be so extreme there will be no return for your fractured psyche soul and mind

>> No.52725726

>>52725607
lol, I can dig that.

>> No.52725750

>>52722248
Triflin dilemma, eventually one centralized coin would become the new reserve asset. No one controls xrp despite the low iq fud.

>> No.52725988

i don't really think banks will go back to buying xrp, i mean even jp morgan chose polygon to execute its first ever on-chain trade

>> No.52726011

>>52724658
Agreed. The market cap of XRP will absolutely reach $37500 within our lifetime. Sooner than you think even.

>> No.52726152

>>52722198
Imagine being this retarded.

>> No.52727201

Very interesting guys

>> No.52727208

>>52724658
>>52726011
lol the market cap? That is already way above

We talk about the price

>> No.52727545
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52727545

>>52724104
CBDC and that's the end of privacy. It's about time that crypto enthusiasts take privacy quite seriously

>> No.52727574

>>52722198
You retard, if it guarantees privacy, security with an option for transparency, there is no reason why it would rejected.

>> No.52727710

>>52720610
Crypto seems fake. I don’t think it’s real.

>> No.52728596

>>52722629
yes they can lmao, ripple themselves said they will obey usa sanctions. and the whole point of xrp having any more value than the next fast shitcoin is the collection of banks using ripplenet.

https://currency.com/ripple-ceo-cryptos-cannot-be-used-by-russia-to-evade-sanctions

>> No.52728619

>>52720610
It's a scam

>> No.52728931

>>52728619
No

>> No.52729040

>>52720656
Hi Sam Bankman-Fried

>> No.52729044
File: 37 KB, 484x306, source coinmarketcap.com.jpg [View same] [iqdb] [saucenao] [google]
52729044

>>52722356
hey poor cherrypicking fud faggot, here's XRP's price 30 days earlier..

>> No.52729126

>>52728596
Yes Ripple said, but you do realize that xrpl can be used by anyone and ripple and the usa can't do shit about it. So ripple won't serve russia/iran as a customer so what. Even sanctions last forever, wars come to an end

>> No.52729142

>>52720610
Banks are not going to buy back your XRP, dumb nigger

>> No.52729165

>>52729126
The point is anyone can make a fast shitcoin. Theres no incentive to use xrp over anything other fast shitcoin if your not leveraging their banking connections

>> No.52729502

>>52729165
do it
make a coin that has the properties of the XRP ledger. 4s finality, fraction of a cent transaction costs, can work without internet and can be used everywhere

>> No.52729717

>>52729502
Solana is 2s finality.
Aptos 1second
Icp 1s

https://pontem.medium.com/a-detailed-guide-to-blockchain-speed-tps-vs-80c1d52402d0

Didnt think that one through did ya ? Lmao

>> No.52729899

>>52728596
>>52727710
https://www.youtube.com/watch?v=j05fPzz4YS8

>> No.52729946

>>52729717
solana centralised money laundring scam by sbf yew and co its cringe you even mention it
ICP is completely different chain and function is it leveraging stransactions or trying to be a new internet, again retarded take

aptos hasnt proven shit and just recently came out.

XRP has been up and running with no downtime for 5+ years. How can you be such a smooth brained smug retard, what about the other points faggot, no internet, transaction costs

>> No.52730029

>>52721594
discuss this more

>> No.52730079

>>52729946
no crypto can work without internet retard, offline transactions need to connect at some point to realize the transactions.

xrp unironically crashed last year because it couldn't even handle the shitcoins twitter jeets were making, and it's supposed to handle "all da mony"?

https://www.fxstreet.com/cryptocurrencies/news/xrp-nodes-run-by-ripple-fell-out-of-sync-for-over-5-hours-disrupted-wallet-services-202112010630

all those cryptos have lower fees than xrp. and they are about as centralized as xrp.

centralized = fast transaction speed. you don't need me to explain this one.

>> No.52730271

>>52730079
Xrpl can unironically work without an internet connection. They had a livestream through xrpl without a internet some time ago

>> No.52730296

>>52730079
proof of retardedness has been confirmed
https://twitter.com/lindapjones/status/1501038877754073088
https://u.today/xrp-ledger-transactions-can-now-be-initiated-offline-what-is-xpop
yes they need to connect some time, but how many of your shitcoins listed can do this?

your solana scamchain even stops now and then (to funnel all the resources to yewish bank accounts), do you even research your own garbage portfolio?


did you read your own article? its the TRUSTLINES, a part of the ledger that is still being developed, regular ledger was doing fine.

They have lower fees and are faster you say, Can you please send your scamcoins back and forth to wallets/exchanges and show proof that its instant and costs nothing?

>> No.52730304

>>52729717
>>52730079
Forgot to also mention that xrpl is an dex in itself. It isn't just about speed. The tech is really really good

>> No.52731368

GUYS GUYS GUYS

>> No.52731593

>>52730296
Bro, obamasonicinuchan is going to be the reserve currency, not some centralized shitcoin being sued by the government. Wtf am i high?

>> No.52732326

>>52729044
>100x in a month
no wonder everyone hates xrp
I feel bad for everyone who will miss the next 100x thinking they missed the only 100x

>> No.52732827

>>52727574
Well, most people are beginning to see how important self-custody security-wise

>> No.52732840
File: 59 KB, 624x434, 1642950586790.png [View same] [iqdb] [saucenao] [google]
52732840

>>52727710
Sounds like you're struggling to get the hang of it. You're not alone newfag

>> No.52733360

how much longer until the switch is flipped, I can't stand the waiting bros

>> No.52733405

>>52733360
about half a month

>> No.52733447

>>52733405
now the other question is, will this tank the price or moon it

>> No.52733530

>>52729717
4-6 seconds finality is fine for cross-border payments. Exchange rates probably aren't going to fluctuate too wildly in the time it takes to settle. Banks aren't going to rip out their existing Ripple tech and retrain everyone because something came along that was maybe a couple of seconds faster. Sometimes good enough is good enough.

>> No.52733558

>>52732827
Self-custody is not as easy as you make it seem unless a key management tool is used.

>> No.52733569

>>52733447
Flipping the switch would mean shutting the public XRPL down. Bankers don't need your token. They wouldn't touch a token that was dirt cheap.

>> No.52733586
File: 350 KB, 1920x1440, pen-and-paper.jpg [View same] [iqdb] [saucenao] [google]
52733586

>>52733558
>key management tool

>> No.52733630

>>52733569
Unironically flipping the switch means they need our token and that public xrpl would still remain

>> No.52733834

>>52727545
CBDC can't stop privacy. I don't think you know the importance of privacy on the blockchain

>> No.52734113

Brad Garlinghouse is a Trillionaire at $25 per XRP
This is how you know it WILL NEVER get that high. You guys would be lucky to hit ATH again

>> No.52734238

>>52733834
Only criminals are keen on privacy

>> No.52734340

>>52734238
I stay private on chain when I choose to, especially when I want to keep criminals like you off my transaction

>> No.52734461

>>52720656
>>52720676
>>52720664
>>52720645
how the fuck (and ive been here since '18) can we see $xxxx or $xx,xxx? i believe in $xxx but four or higher?

>> No.52734477

>>52720610
Consider this your one and only warning: Price will never be more than $5. There will be a pump before the lawsuit is over(with a narrative similar to the "xrp short squeeze" in jan 2021), but it will not break ATH. Make sure to sell at this point unless you want to continue bagholding.

>> No.52734486

>>52734477
Just shut the fuck lmao

>> No.52734551

>>52734486
Cope harder, i have nothing to gain here

>> No.52734620

>>52734461
Derivatives, debt and securities. Everything of value that be tokenized

>> No.52734641

>>52720610
Simple. The nazi incels on 4chan are obviously more in the know than accredited financial institutions. The banks will literally buy this boards bags.
Really quite elementary.

>> No.52735851

>>52734620
I understand that but I’m saying/ thinking is- yes it’s plausible, yes I think it’s a great thing but it seems too good to be true that us (me u the xsg group) are going to be multi millionaires from chatting on a Asian fart jar collection forum. Ya know? I just fear I am getting hopes up for a meme or some shit

>> No.52736023

>>52734641
This is what I fear >>52735851

>> No.52736444

>>52720634
37500 cents yes

>> No.52736499

>>52721624
They’re going to want organic cheerleaders for the new system in order to get others on board. Most holders will splurge their wealth or hand it over to jewish hands to invest on their behalf only to lose it all.