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/biz/ - Business & Finance

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8104965 No.8104965[DELETED]  [Reply] [Original]

Coinbase makes money primarily by charging normalfags big fat fees. Low fees are one of XRP's main things. Why would Coinbase (who is currently facing a class action lawsuit for inside trading of BCH) want to add XRP?

>> No.8104994

THANKS FAGGOT, there goes my job. I'm going to FUCKING MURDER YOU

>> No.8105722

Because normies will still pay whatever fees for "that cheap Bitcoin", out of cmc top 5 coins, the only one coinbase doesn't have is ripple....it's coming

>> No.8105740
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8105740

>>8104965
network fees are not the same as trading fees

>> No.8105744

the exchange transfer fees are independent of the coins internal fees.

>> No.8105842

>>8105740
>>8105744
I understand that, but we are talking about people who exclusively use coinbase. To them fee = fee. Won't it ruin the whole "low fee" thing Ripple is set on making a part of their brand?

>> No.8105856

Do you honestly think the averge coinbase user knows what ripple does

>> No.8106496
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8106496

>>8104965
The advantage that coinbase offers is being able to instantly buy a cryptocurrency. That's why people pay the high fees. Without coinbase, you would have to wire money to an exchange and wait a few days.

The President of Coinbase and the CEO of Ripple are going to appear together on CNBC's Fast Money on Tuesday at 5PM eastern time. On Monday, Coinbase is hiring 90 new support employees, with 500 to be hired by May. Remember to go all-in on XRP.

https://www.xrpchat.com/topic/20486-brad-garlinghouse-presidentcoo-of-coinbase-on-cnbc-3618-5pm-est/

https://blog.coinbase.com/customer-support-update-b91b9d8e6e46

>> No.8106517

the main reason xrp will never be on coinbase is because brian armstrong is philosophically against it ever being added.

it might end up on gdax when they start adding bunches of alts though.

>> No.8106588
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8106588

>>8106517
>the main reason xrp will never be on coinbase is because brian armstrong is philosophically against it ever being added.

WOWWEE! How ever could we forget that! Maybe that's why the President of Coinbase and the CEO of Ripple are going on CNBC together on Tuesday? To remind everyone that Coinbase is philosophically opposed to XRP! Of course! It's so obvious! And maybe the reason why Coinbase is hiring 500 new employees, with 90 starting on Monday, is because they are going to be adding "real" cryptos, lilke Chainlink!

>> No.8106639

>>8106517
>the main reason xrp will never be on coinbase is because brian armstrong is philosophically against it ever being added.

This framework is not intended to be a definitive methodology, investment advice, or a commitment to support any specific asset. As the technology, use cases, and regulatory environment evolve, so too will this framework. We are committed to supporting more assets, but our priority is always to protect customer funds and comply with regulatory requirements.

>> No.8106711
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8106711

>>8106588
All just a rumor at this point. And besides, a rumor is only as good as how the market responds. It looks like the rumor is out and SO FAR the market doesn't give a fuck.

>> No.8106719

>>8105842
No because that Fee is for Usage not for Buying. Paying a small fee and being able to have XRP to use / trade > Not having XRP and missing out.

Also, normie XRP guides will no longer have to say, make a coinbase account and buy ETH, transfer ETH to Binance and then buy XRP. Simply Make coinbase acct and buy XRP and transfer to wallet.

Shit like that makes it more accessible for new money. This is unironically the last time you will see XRP trading at .89 to .90 cents. Itll spike to 1.xx and correct to 1$ for a while where itll stay till things really start picking up.

>> No.8106735
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8106735

>>8106719
Once normies move XRP off coinbase into their own wallets and they see how fast it is compared to other cryptos, it's all over.

>> No.8106774

>>8106735
Yup. Also I admire your dedication to every thread if that is you kek. Im sad I dont have more to put on XRP but it is what it is.

>> No.8106780

>>8106711
The price is being heavily suppressed.

>> No.8106810
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8106810

>>8106774
Thanks! Yeah, it's me :) I want to give back to this board because someone here shilled me on XRP when it was cheap.

I'm probably going to go to as many payday loan places as I can tomorrow to see how much cash I can find to throw at XRP. I'm already all-in, but I want to be even more all-in.

>> No.8106865

>>8106810
So you haven't sold any???

>> No.8106892

>>8106810
>recommending payday loans
wow, credibility is gone. would only buy at this level with money I could afford to waste, and with a tight stop.
if it breaks out that's a different story.

>> No.8106915

>>8106892
Yea, I wouldn't advise anybody to get a payday loan to buy crypto...

>> No.8106959
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8106959

>>8106865
I never sold any because I believe it's final value will be $1,000, and I suck at short-term trading, so I don't allow myself to make short-term trades.

>>8106892
>>8106915
I didn't recommend them. I say that's what I'm probably going to do. I mentioned it to emphasize my confidence in the probability of a moon mission, not to recommend that anyone take out a payday loan.

>> No.8107006

>>8106959
I believe in the project as well, simply put banks wont be able to afford not to. Something will eventually do what ripple does better however Im betting on it not happening for a long time, especially for these companies to drop and adopt something else is unlikely at least to me.

>> No.8107038
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8107038

>>8106959
When did you get in?
Let's not forget that this was sun-penny literally a year ago. Not taking profits at $3 is just silly. It's causing you to take out loans at high interest, raising your risk even further. Be careful is all.

>> No.8107044

pretty risky putting a payday loan on anything, let alone at the moment. maybe if everything was bulling like fuck...

>> No.8107051

>>8107038
damnit I meant SUB-penny and when it WAS $3.

>> No.8107085

>>8107038
I don't disclose when I got in. Plenty of people got in with more and at a better price. I'm not committed to the payday loans. I need to see what rates they charge and do the math before making a decision.

>>8107044
>maybe if everything was bulling like fuck...

It's not bulling right now, and that's the only reason I'm considering it.

>> No.8107175

>>8107085
Just did some googling of some payday lenders in my area:

>Regardless of paying early, estimated fees and finance charges offered by lenders in our network for two week loans range from $12 per $100 borrowed to $30 per $100 borrowed. This estimated Annual Percentage Rate (APR) range would be between 391.07% and 782.14%.

Naa, I'm good.

>> No.8107186

>>8107175
Lol yeah Just keep what you got right now m8. Im sure your shilling will be rewarded long term :)

>> No.8107575

get the fuck off my board xrp shills

>> No.8107738
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8107738

>>8107575
This is going to be an XRP and Monero board in a few months.