/biz/ - Business & Finance

buying more right now.

>>11334671
fucking idiot, neck yourself

>>11334671
Buy Signal! Must be a pump coming.

Buy buy buy

>>11334659
>they partner with banksters and Clintons
>you will never get rich with it

>>11334673
>>11334682
buying more right now.

XRP is the Phoenix, get on board or stay poor. It's the boomer coin, that's where the money is.

>>11334659
the coin is so good that you have to spread lies to make it look bad

>>11334673
Neck is not a verb

>>11335688
Confirmed for never having necked with a girl.

>>11334659
>muh, XRP will free up funds locked iup n nostro accounts

>BUT banks use fractional reserve lending anyway to loan themselves money to fund a nostro account at nearly 0% interest rates.

>the dollar has lost 90% of its purchasing power because of the same mechanics,... fractional reserve banking

>over 3 billion globally unbanked and excluded from western financial systems
>century of war funding and oppression by the sames banks.

brainlets buy XRP useless shitcoin

stay cucked faggots.

>>11335790
>BUT banks use fractional reserve lending anyway to loan themselves money to fund a nostro account at nearly 0% interest rates.

>>11335790
why are you so angry?

>>11334659
Banksters and Clintons are poor t b h

>>11334659
>I worry about other anonymous people’s investments sooo much that I need to start a thread about it.

>Seriously guys I’m super concerned and have no ulterior motives!

>SWIFT confirmed
>people still aren’t buying

Are you going to let your hatred of Jews keep you poor?

>>11336052

>reading about fractional reserve banking for the first time.


COPE
O
P
E

>>11336052

>fractional reserve banking is the reason why the united states 22 trillion USD to the rest of the world they will never pay back.

>buys XRP coin because muh banks!

>>11336062
Cause he refuses to buy and it keeps going up

>>11336220

>fractional reserve banking is the reason why the united states 22 trillion USD to the rest of the world they will never pay back.

>buys XRP coin because muh banks!


I dont buy XRP regardless how high the price will go.

cause these faggots running this crap can censor your and freeze your funds at anytime.

the whole point of crypto is a hedge against the traditional monetary system.

>but muh it wil be worth more dollars

>if the banking system collapses on its on weight because of the entire world is artificially and abusively printing money. XRP won't be your best best. i can almost guarantee that

>>11336220
>>11336220

>fractional reserve banking is the reason why the united states owes 22 trillion USD to the rest of the world they will never pay back.

>buys XRP coin because muh banks!


I dont buy XRP regardless how high the price will go.

cause these faggots running this crap can censor your and freeze your funds at anytime.

the whole point of crypto is a hedge against the traditional monetary system.

>but muh it wil be worth more dollars

>good luck cashing out if the dollar collapses

>if the banking system collapses on its on weight because of the entire world is artificially and abusively printing money. XRP won't be your best bet. i can almost guarantee that

>>11334659 yes its a scam, but its the banks' scam. jews are literally the masters of fraud and ponzis, and will pump and dump their shitcoin many many times. if you are a good trader, ride the waves. if you suck at trading (most likely option), dont fucking hold onto this centralized scam. "trusted" nodes can literally erase your balance at will.

>>11336305

I trade this shit coin, but NEVER EVER HOLD IT.

holding this shit or believing this thing has a long term future is simply delluded.

>dumping my my bags on the greater fool

>>11334964
buying more now right

>>11336243
>>11336191
>>11336321
>>11336277

everyone better be buying

Do XRP hodlers even use crypto? Where can I buy degenerate things with XRP? Buying shit on Dark markets, Transfering funds cheaply around the world, and Washing money is why I got into crypto. I really only see XRP as a greater fool. I buy XRP to sell it to banks in a few years....

>>11336374
https://www.youtube.com/watch?v=iFDe5kUUyT0&t=42s

>REDPILLED

>>11336489
>babys first redpill
hurr durr THE RED PILL

>>11336519

listen dumbass. if you can't construct on single sensibly arguement why XRP isnt a shit coin

or remotely understand how bad this 22 trillion budget deficit could cause a financial meltdown... then shut the fuck up.
can't even sit through a 30 minute video and realize you won't get a more concise explanation how this complicated this system is robbing everyone.

instead you rather sling meaningless adhominems.

bunch of lambo kids on here think that the banking system thats overwhelming fucked over the rest of the world 10x over will get them rich.

TOP KEK

XRP is good coin but hard to going up because plenty of coins around the market. Alternatively you can keep the XRP in this wallet to make you some money https://youtu.be/Qs5pYTsNF88

>>11336568
pic related, you at the peak of mt. stupid, trying to sound smart
>censor your and freeze your funds at anytime.
resorting to lies to make xrp look bad because you can't come up with anything
>I trade this shit coin, but NEVER EVER HOLD IT.
you don't even trade, I can assure it

>>11334659
>Ripple can shut down and freeze your account at literally any time.
How?

>>11336568

youre the same guy as last time conflating central bank monetary policy and private bank international transfers. youre a retard and should leave.

>>11336636

yes i short this garbage everytime it shoots up and macd crossover downward and RSI overbought works every single time.

please explain how on earth you think the same institutions that have rung up the bill this high and with this much insane debt will ever get your rich?

LMAO good luck

http://www.usdebtclock.org/world-debt-clock.html

>>11336657

and where do you think commercial banks get their money from? the central banks.

and fractional reserve banking isn't limitted to central banks in fact money 90% of money created happen between commercial banks..

get a clue maybe?

>>11336677
>yes i short this garbage everytime it shoots up and macd crossover downward and RSI overbought works every single time.
pic related
>he thinks the banks trick each other with the same trick they use with plebs

>>11336690

how do you think commercial banks get their money? you think it's just given to them? do you understand the concept of profit from operations? how are you such a retard?

>>11336639
They can't. Ripple and XRP are independent, Ripple Labs made it and just released it.

>“Is XRP centralized or decentralized? It is very clearly decentralized. I, as CEO of the company, can’t control the XRP ledger. I can’t change a transaction,” he said. “Anybody can participate in the XRP ecosystem, and if Ripple does something that is not in the best interest of the ecosystem, the rest of the ecosystem can ignore us.”

I don't know where these dumb kiddies get their info. The 4 chinks who essentially control Bitcoin could collude and halt transactions for the whole Bitcoin network. Nobody seems to be talking about that though.

Proof Of Work is cancer and it always has been. Its the only reason why Ethereum is still shit, they were supposed to move to PoS in 2017 but never did, and probably never will.

>>11336707

its called fractional reserve banking

example:

bank A has (10% reserve ratio)
has 1 billion in deposits

it can lend 900 million to bank B as it is only required to keep 10% in reserves.

Bank B now has 900 million in deposits with (10% reserve ratio)
it can now lend 810 million to bank C

this process can continue over and over until the 1 Billion has become 100billion.

yes this is how money is created you brainlets

and banks can lend to each other at prime rates if you even know what that means. and yes they can fund nostro accounts this way as well

which makes XRP a total useless shitcoin.

>>11336716

Ripple labs control Xrapid and Xcurrent and have discretion to freeze accounts if instructed to do so by the government

>>11336741

you really don't understand how this works, and your math is off by an order of 10x and you don't understand how ripple works either. It's really a trifecta of retardation. congratulations.

>>11336707

>profit from operations

how much of a retard are you to realize borrowing cheap and lending at higher rates is how banks make money...

RETARD

>>11336754
>Ripple labs control Xrapid and Xcurrent and have discretion to freeze accounts if instructed
anon we use xrp not xrapid nor xcurrent

>>11336759

THAT IS HOW FRACTIONAL RESERVE BANK WORKS YOU MORON

i can lend out 90% of total deposits if i only have a 10% reserve ratio.

maybe this is too complicated for a brainlet like you.

>>11336754
There is no such thing as 'freezing accounts' you mongoloid. Besides, xCurrent is for fucking banks and xRapid just went like last week, they are not essential for me to send XRP anywhere. You understand nothing about Ripple.

Here's something you obviously don't know, MIT is an XRP Ledger validator. If you know anything about tech, this is all you need to know. You don't know anything though so this confuses you.

>>11336776

>anon we use xrp not xrapid nor xcurrent
hahahahahahha

Low IQ anon detected

>>11336782

and 99% of ripple holders are compltely clueless about money creation and reserve lending which fundamentally makes XRP as a nostro place holder completely useless.

dont explaining this simple concept to retards with low comprehension

>>11336781

If you really want to understand this and not be a youtube reddit scholar read this

https://www.goldmansachs.com/investor-relations/financials/current/subsidiary-financial-info/gsbank-usa/gsbusa-annual-report-12-31-2017.pdf

you still dont understand international transfers and settlements

>>11336822

yes i do understand this all. you transfering toilet paper between man made borders using the same fractional reserve lending

>>11336810
>fundamentally makes XRP as a nostro place holder completely useless.

Yeah, look at pic related. Look at all these dumb banking institutions getting scammed. Why can't they be smart like you?!

Piss off you retarded little skiddie, go play with your LINK.

>>11336832

I'm going to try to make this very simple for you.

Person A wants to send money to person B.
Person A has a bank account in Thailand. Person B has a bank account in Bangladesh.
Their bank accounts don't have correspondent accounts and it takes 5 days for A to send his money to B through a network of 5 intermediary banks.
Fractional reserve lending has nothing to do with this. At all - you are a retard.
Bank A is a Ripplenet customer and so is Bank B. Person A sends his money through Bank A which goes through Ripplenet to Bank B in less than a minute.

>>11336849


SHOW ME A LIST OF BANKS USING XRP AND XRAPID for cash settlements??

USING NOT TESTING XRAPID BUT USING IT

that long list of banks are testing xCurrent which has nothing, absolutely nothing to do with XRP token.

get a clue faggot... and luck finding that information of banks that actually give a shit about XRP

hahahahaha

>>11336873

Xcurrent which and other blockchain solutions will solve settlement SPEED

XRP as a nostro place holder function has nothing to do with the settlement times of speed

thats why banks are satisfied with Xcurrent which is a message system. and Xcurrent does not use XRP token.

get a clue

Why are you so concerned? Stick to your Chinacoin shite and fuck yourself.

>>11336849
rppl.info

>>11334673
Just bought 10k to piss you off lmao

>>11336918
>rppl.info

LMAO

look at column "USING XRAPID"

hahahahahhahah

>>11336913
He thinks fudding such a high marketcap coin on fucking /biz/ will hurt it somehow

>>11336896

This is just wrong. Xrapid is the fastest settlement method available. Bank to exchange to Bank.

>>11336886
Try googling convergence and ripple. all 3 can now use xrp. educate yourself before you post. tit.

>>11336923

lmao cool story bro show me transaction ID info on the public blockchain with timestamp and amount... or you're jsut full of shit!

>>11336942

>>11334659
realistically XRP will never increase in price it will always flutter between .20-.60 depending on the transactions needed by big banks. You should buy it whenever its less than .40 and sell it anytime it's higher than .55

Don't ever expect it to hit a dollar though. I say this as someone who has been making gains off something like 1000 XRP regularly. I bought in at .20 and then sold at .60 then bought again at .42 etc etc etc this is how XRP is supposed to be used.

>>11336886
>HAHA LOOK AT MY PICTURE ITS ME LAUGHING HAHAHAHA A IM NOT WORRIED HAHAHA >:(

Cringe. I see you have gone into panic-mode after realizing the retarded shit you said can't be backed away from now. The top half of that list is using xCurrent and xRapid, the bottom half are testing one or both. Two weeks ago or so Ripple made some changes to their literature.

https://ethereumworldnews.com/ripples-website-gets-updated-ripplenet-showcased-as-sole-payments-solution/

>One twitter user by the name of Carl Downing, noted that xCurrent, xRapid and xVia were missing from the new Ripple website. His tweet went on to note the mentioning of 50,000 transactions per second on the new site

>Where has Xcurrent, Xrapidand Xvia gone from ripple.com ? Everything seems to be branded Ripplenet now. Although use case references 50,000 transactions a second which is also interesting.

>On the new website, XRP has been placed at the center of RippleNet as a way of sourcing on-demand liquidity while still ensuring payments are sent and received in local currency on either side of a transaction. The site goes on to provide the following inforgraphic as to how it all works.

>On the new website, XRP has been placed at the center of RippleNet
>On the new website, XRP has been placed at the center of RippleNet
>On the new website, XRP has been placed at the center of RippleNet

How much more do I have to drill in that dumbfuck cunt of a skull to reach some brain cells for contact? Do you get it now you fucking mouth breather?

>>11336990

>HAHA LOOK AT MY PICTURE ITS ME LAUGHING HAHAHAHA A IM NOT WORRIED HAHAHA
>snake oil is good says the snake oil salesman

>>11337001
Yeah that's what I thought, handicap.

That's it... i'm convinced and buying xrp now. also xlm.

>>11337015

EVERYTHING about ripplenet and XRP is great,

>assuming banks don't collapse because of all the debt they have accumulated on a global scale

>you missed the point completely if you think banks are going to be playing a greater roll in the economy for the foreseeable future.

>>11337033
You didn't move the goalposts, you just got rid of them. You don't even have a fucking point anymore. Stop posting and move along.

>>11337033
>implying people can't transfer money to each other through the xrp ledger

>>11337087
I didnt get rid of the goal posts you idiot. my main point of contention this ENTIRE thread was trying to explain fractional reserve banking and money creation to you brainlets

>>betting on the banks to use XRP
>>every banks deep in debt, most insolvent including deutsche bank

expects to get rich from banking activity using XRP

http://www.usdebtclock.org/world-debt-clock.html

>>11334659
buying more. I love this coin.

>>11337099

>assuming you can buy a loaf of bread with XRP and that vendors will want to deal with the same banks that have been pricing them out of the market when it comes to doing business.

>>11337128
>implying you need a bank to deal with xrp

>>11334659
don't need to buy to long/short it on bitmex and make more btc

>>11337137

>implying you need a bank to deal with xrp

ripple main and sole use case is for banks and money transmitters you brainlet

>>11337147
>confusing ripple and xrp
>confusing xrapid with xcurrent and both with xrp
how can you be this brainlet and still breath

>>11336568
You can't even write a proper sentence m8.

Folks need to stop getting hung up on the concept of XRP. All coins can make you money. Look at the price action, not the news. Focus on getting those gains to $1 for now.

>>11336989

You know it went to $3.50 right?

>>11337147
The first post or two was pretty convincing, but you're trying so hard I started laughing. I know exactly what it's like to be accumulating so much you have an inescapable need to FUD your own biggest hold. Cheers mate. We're all gonna make it with XRP.

>>11337195
you know it wont happen again right?

The only way XRP would blow up is if ripple makes its own mobile international bank that works everywhere on Earth.

I respect Brad, he's like the anti-steve jobs but like a Puritan. The other people thoygh, they dress weird, like retarded people that just recently found money with crooked unkempt teeth, that's a sign of corruption if I ever seen one.

>>11337454
ripple did blow up. We went to 78 cents.

And seriously, how the fuck I am going to investing in an asset where the average investor looks and acts like the pic.

>>11337499
Because someone has to buy bags for you to profit