/biz/ - Business & Finance

>>24207192
Because I want it to.

>>24207192
by you tongiing my arse

IDK, big conspiracy where all currency is in XRP or something yada yada it becomes money, blah blah, anyway, I am holding until $136.34 At which point I will sell

http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>>24207192
It won't. At it's absolute peak during the actual bull run next year it should hit $30-$40 based on the historical performance of the crypto market during the last runs. Once XRP hits low 30's sell everything and tether up. XRP mooning will signify the end of the next bull run.

>>24207192
Well the way XRP fags explain it is this:
There's a magical switch inside a bank that controls the price of XRP.
When it gets flipped then it immediately goes to $2000

market cap doesn't mean shit, haven't you realized yet?

It can't. It's just meme fags like to repeat because it's fun.

>>24207192
Just double the gdp, god you lot are stupid

>>24207192
because 90% of ripple isn't on the market, it's held by ripple

they're the real life example of
>make a coin with a trillion tokens
>sell one token for $1
>claim to be worth $1 trillion

>>24207192
"Most coins are locked up, I'd go so far as to say 95% of XRP are out of the market's reach, and therefore do not contribute to supply in the context of determining value. That leaves 5%, which is less than 5 billion XRP, and it's only THIS small pile of coins, that everyone needing to procure XRP, will be fighting over.

The "Demand" part of supply and demand, is an aggregate of many forces, but those forces all sum together at the point of purchase on an exchange. When demand is greater than supply, the price goes up; and vice versa. Demand for XRP will come from one thing, increasing usage. If I want to send my mother $150,000 worth of XRP, I will create demand. The more people buying their mother's shoe-shops, the more demand gets created.

You might say, well as soon as mom sells the XRP I sent her, we have a net zero situation and the price wouldn't change. Yes, you are correct, but if during my purchase, transmission, and mom's sale, someone else needs to buy some liquid XRP, there'll be less supply of them available, and the price will be higher. Extend this scenario to where hundreds of thousands of transactions are happening per hour, and you should see that a lot of liquid XRP has been converted to in-flight XRP, drying up the supply, and rapidly driving up the price because of scarcity.

In other words, the "volume" of XRP "utilization" trades (where XRP actually LEAVES one exchange for another for the purpose of value transfer, not speculative trading), will be what determines the basis for "real" demand, and it won't pay any attention whatsoever to said Market Cap. Demand is demand, and it will be satisfied at any cost. Higher volume, higher demand, higher price."

>>24207192
the point of the coin is to literally have the mcap of the world's gdp

I believe it will reach somewhere between $40-$60 by 2022

>>24207192
Legit answer: the dollar becomes worthless through hyperinflation. It has happened before and it is the way it eventually ends with all fiat currencies. Your XRP will be worth $2k, but $2k won't be enough to buy a bubble gum.

The US economy will collapse next month and the fed will send all Americans XRP.

By next year there won't even be a GDP.

>>24207192
Do math you retard.

USD $ Size
Equities 80bn
Fixed Income Bonds130bn
Cash60bn
Property38bn
FX 9,500,bn

Derivatives -800 bill to 1.40quadrillionsay 1 quadrillion

Total 1,009,808,000,000,000 10% of this 100,980,800,000,00 /100bn xrp = $1009.81 per unit

That's assuming only 10%

That's assuming all 100 billion coins are liquid (they arent.)

fucking spoonfed bitch

Because it's the standard

>>24207192
It can't but don't tell the schizos.

>>24207349
based

>>24207192
Lurk more. It's $2.1k EOY.

>>24207192
what the fuck do you think XRP is?

>>24207192
Its the derivative of the value of the global economy, anon. Not only will it capture the trillion dollar remittance market and the quadrillion dollar derivative market, but it will expound and grow these markets to quintillions.

it's THE hold coin

Ahhhh

>>24207192
By the dollar becoming worth significantly less

>>24207192
it just does. ez

>>24207349
Huh... fudders seem to ignore this post...

>>24207192
You had 8 years

>>24207275
>this
all old fags know the drill