/biz/ - Business & Finance

>>5498392
Did any news come out or is this just because?

>>5498491
Just because. It will dip right after.

XRP holder reporting in

>>5498392
I am ready, I assume 9am Tokyo time is when liftoff?

>>5498491
Ripple is gonna triple

>>5499095
Can someone explain this to a brainlet?

>>5498491

Ripple is going to be integrating with the 3 major credit card providers of Japan.

>>5499455
That triangle is supposed to be something good about finance math.
That's all I know.

Coinbase when?

>>5499455
Astrology voodoo for knowing what the coin will do.

Lol get doubletopped faggotz

XRP MOONING!

Just wanted to let you guys know of something going down Thursday. There is a huge pump and dump that will be taking place on Binance in the next couple of days by over 10k people. Now you may think this is fake, but there's a discord in which there is a whole plan with set times and what the main idea and the strategy going into Thursday is. Many of you may still not like this idea and if thats true then, unfortunately, this is not for you, but if you even somewhat like this idea make sure to check it out at least

https://discord.gg/ekHHZs3

>>5499627
>>5499627
Jesus cut it out with this shit

>>5499606
tiny setback, mooning now, cya

>>5499627
go fucking die in a hole

>>5499606
>xrp outperformed dinosaurcoin this year and still gaining
I truly, genuinely hope that you stay poor for the rest of your life.

>>5499005
If this is true... hory shet!

XRP. Moon. LoL

You guys are being too serious about this.
>just a matter of days/hours

I mean I already jumped into your hype. Bought XRP with the few money I have and managed to get 15 XRP.
Hope you guys are right with this.

>>5499837
>15 XRP
Not reaching the moon but well done anyway brother.

>>5499837
LOL. You're better off finding cans and selling them. Probably would make more than obtaining that 15 xrp

>>5499455
It's a triangle formation, meaning that the price volatility is steadily decreasing. The next event is for the price to break out of that triangle... but what is unknown, is which way the break will go.

With Ripple, it is more likely to go up. The move is imminent. It may be happening now, in fact. 0.98 to 1.08 in a under two hours.

If the new support is established, then Ripple is likely to never again go under $1.

>>5498392
Should I even sell this dudes? Or hold after the moon, I'm worried about the potential downtrend after

>>5499871
>>5499876
That's all I have. And now I have no money left until saturday.

>>5499962
Get a job, hippie.

>>5499962
Why are you hobo mode anon-kun?

>>5499997
I have a job

>>5500010
I just don't make much money. I go to college and also have a mid time job so yeah.

>>5499908

Look at it this way:

Ripple started the year at .006 cents. At it's current price of $1.18 that's a 197 fold increase.

If Ripple achieves even 10% of that action in 2018, you're going to see ~$20 XRP.

Now tell me if you want to sell or hold?

>inb4 "muh market cap"

I dont want to spoil the surprise, but anybody who is reading this. Accumulate as much XRP by Wednesday, tomorrow.

>>5500055
Beautiful post number. I shall do as you say.

>>5500055
screen cap this?

>>5500055
Double doubles and trips can't lie.

>>5500055
Yeah but why.

>>5500055
Fuck you man just tell me. Give me a hint. I'm a poor fag and my grandma who I took care of when she was dying of cancer gave me a thousand bucks. I don't wanna put it in a bank. I wanna help. Help me faggot.

10 seconds away from buying 3K worth of the rip tide and riding the wave for 5 years and selling when it's worth $100

>>5500055
literally going to make a financial decision bc of those numbas what is my life

>>5500055
Yeah this seals the deal.

>>5498392
what does this coin do?
someone told me they're investing in "technology" not currency, with xrp

>>5500159
Don't do it yet. Buy in 6 hours, when it's close to $1 again, then hold it.

>>5500055
Don't fuck me on this, Thoth...

>>5500218
Same here, God wills it

>>5500304
Ripple is the technology.
XRP is the token to be used on the Ripple network.
Banks are starting to adopt Ripple infrastructure, and the token will, supposedly, begin to be adopted sometime in 2018.

The use of an XRP token allows banks to save even more in transaction costs on the Ripple network.

>>5500304

>what does this coin do?

Obvious crypto noob.

Short and sweet of it: It drastically reduces time and cost on international remittances. From 4-5 days to 4 seconds for literal pennies.

>>5500055

>>5498392
The volume isn't there, it's a bull trap. Sorry

>>5500055
Isn't speculating on XRP pointless at this point as the company is holding onto the (finite) supply and hoping to control the price?

>>5501020
no, it's all locked up in Escrow until 2022.

So why would banks use a coin with fluctuating value to do business?

>>5501071
Banks only use it to do transactions

1. It's much, much cheaper than doing the transaction with the equivalent system that they have already

2. It's much cheaper than using the Ripple Network with existing currencies

3. The transaction completes in four seconds. They have to worry about four fucking seconds of volatility compared to 4-5 days.

>>5501071
ps. everything has a fluctuating value

>>5501051
Except they release 1B XRP every month and renew the contract for every XRP not spent during that month.

>>5501071
Because the transfer speed of XRP is so fast, they are only exposed to price volatility risk for 3 seconds.

They can then cash out the XRP for fiat immediately.

>>5501071
it won't matter what the price is, theyll be sending the same fiat amount. it will just convert to xrp to be sent across the blockchain, and converted back to fiat on the other side.
Say the price of xrp is $1,000 and a bank wants to transfer $100,000, the fiat will convert to 100xrp and be sent. Alternatively, if the price of xrp was $1, it would convert to 100k xrp and be sent. The price of xrp would be arbitrary as the banks will be transacting in fiat, the xrp coin will just be used as a means of exchange

>>5501205
FUCKING GAY

>>5500044
That'd be great.

>>5499627
Fuck off.

>>5501226
Bs

>>5502052
How is that bullshit?

>>5500044
if it goes to 20 usd, it's going to be bigger than top 20 coins combined. not happening

>>5500055
Don’t listen to him It’s Wednesday here and the price is still $1.09.

>>5502150
$1.095 - highest that it has been in over a week.

>>5502184
pretty low volume however. looks like a pump to me

>>5502204
look at the oscilation when it jumped between 1.24 and 0.65 for example. that was still pump + dump and it had a LOT more volume than right now. imo there's no way this high sustains itself

>>5498392
This will likely be the first coin to overtake BTC in market cap.

It only has to 6X to do this.

It's much more practical than BTC- tx times and tx cost. Actual legitimate businesses are going to start using it. Has good team and marketing. It weathered the Normocolypse better than any coin with possible exception. It's not actually centralized like a lot of FUDers say - can not be shit down by Ripple (most idiots on here think Ripple and XRP are synonymous by the way so do some fucking research).

All it's going to take is a couple of good news items, being listed on coinbase where the normies will eat it up and you've got the BTC dethroner right here. Once again - this only requires a six time - which is nothing compared to what this coin did 2017 based on little more than rumours.

Screensnap this and post when XRPs market cap overtakes dinosaur coin.

It's slowly rising as we speak.

>>5502265
it's going to happen but unless there's some insider trading going on right now, there's no volume to justify this spike

ethereum might overtake bitcoin first though

>>5502150
No one cares what time it is in Bangladesh

>>5502292
slowly? it went from 1.05 to 1.12 in like 10 minutes. it's taking off really fast. but the volume is very low, so it looks like an organized pump to me

anddd it broke 7200 resistance see ya bois at 9000

>>5502265

this guy gets it

>>5502265
Oh my God.
Finally I'll stop being piss poor, in like three years.

>>5502401
6x.. meh.. why would I get into a coin that only goes 6x... pff..

It is a good coin though. If I had atleast 25k I would pour it into ripple.

>>5499005
are there japs around to confirm this?

>>5502549
Yeah fair enough - depends what you're trying to do. For an oldfag who has 100k fiat lying around to play with, it's a fairly low-risk much-higher-than-traditional-investments-reward.

>>5502714
Translated the page - checks out.

>>5500337
that might be a little longer than 6 hours

>>5502265
>It's not actually centralized like a lot of FUDers say

it's more decentralized than bitcoin

Bitcoin
-One company has more than 50% of the hashpower
-One oppressive country has more than 50% of hashpower
-One company has a monopoly on creating efficient ASIC Bitcoin miners thanks to patents


Ripple
-10s of validators run by reputable non-related public and private entities in different countries (e.g., Microsoft, MIT, CGI, WorldLink, Telindus-Proximus Group, Bahnhof, ...)
-At least 80% of validators must agree for a ledger to be validated
.
.
.
the chinese gov. can easily pull a 51% attack and destroy faith in PoW forever

see this article:
Stop. Calling. Bitcoin. Decentralized. – Egor Homakov
https://medium.com/@homakov/stop-calling-bitcoin-decentralized-cb703d69dc27

>>5498392

good to see things are going like expected..

t: made a xrp thread at .000062 btc predicting this rise

>>5502265

>being listed on coinbase

you faggots have been eating that up years now

>>5498392
That feeling when you sold at 1.08

>>5502844
>selling xrp
jesus christ man

>>5502844
>>5502867
Wanted to be smart and buy high to sell low

>>5502844
yeah i sold it at 1.07. still think it will go down though. we'll see. doesn't have a lot of volume and this has already happened before.

>>5502867
this thing has been oscillating between 0.8 and 1.05 for days. easy money to make buying low and selling high

>>5502844
>>5502898
And were going down right now. Now im glad i sold at 1.08 i knew it was too much to keep going much longer

>>5502265
>It's much more practical than BTC- tx times and tx cost.

true


"XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.*"

https://ripple.com/xrp/


>tx cost

"The transaction cost is not paid to any party: the XRP is irrevocably destroyed. Since no new XRP can ever be created, this makes XRP more scarce and benefits all holders of XRP by making XRP more valuable."

"The current minimum transaction cost required by the network for a standard transaction is 0.00001 XRP (10 drops). It sometimes increases due to higher than usual load."

>>5502867
I sold literally around 1% of my XRP for some more XLM and NEO, and I felt remorse..

The hodl is strong with xrp wojaks

I picked this over REQ , i didnt think ripple would go up 30 billion in three weeks. Fuck lads is it to late to convert?

theres some idiot trying to keep the price down on binance

>>5502952
I meant i picked req over ripple

>>5502952
You went with a meme over a blue chip. No, its not too late to buy in. Whatever price it hits will double in Q1 2018

>>5502941
>"The transaction cost is not paid to any party: the XRP is irrevocably destroyed. Since no new XRP can ever be created, this makes XRP more scarce and benefits all holders of XRP by making XRP more valuable."
Doesn't this mean the volume of XRP is constantly decreasing? I need a rundown

>>5503028
Coins are being burned constantly, so supply is perpetually decreasing.

big fucking news for ripple

Ripple announced partnerships with major Japanese credit card companies (JCB, Credit Saison, Sumitomo Mitsui)

>>5502120

>it's going to be bigger than top 20 coins combined

You're assuming the rest of the market wouldn't grow right along with it, jackass. 1 year ago the entire crypto market cap was what... $16 billion?

Ripple is now worth ~$50 billion, exceeding that 3 times over. By your logic that should be impossible.

>>5503028
Even in a hundred years at full load with every bank in the world using it less than 2% of XRP would be burned in TX costs

BTC: 3 hours to clear
>XRP: 2 seconds

BTC: $40 to clear
>XRP: .001


God I hope XRP overtakes BTC

>>5503028
yup, on contrast, proof of work (used in most of cryptos) requires inflation or outrageous fees to incentivize the miners. Ripple doesn't inflate, the supply is fixed.

>>5502952

why the fuck didint you do your reserch?

what made you think req was the better choice?

explain yourself biztard

ITT

>XRP shills

buy high sell low my newfriends

>>5503139

This is why BTC will fail. Can you imagine what the power requirements alone are going to be in the coming years?

>>5503194
yeah this high has no volume. a pump is a pump no matter the coin. ripple is good hold and i'm sure it will eventually reach 1.2 sustained. that time isn't now though, not with this volume

>>5503267
In any case the current pump will help establish a new floor. I like.

2015 - Banks will never use Ripple. $XRP is dead. Sorry bag holders.

2016 - Bank announcements are just proof of concepts, they'll never go live. $XRP is dead.

2017 - Fine, 70+ banks are going live but they don't use $XRP. How come dumb bag holders don't get this?

2018 - ...

>>5503267
Just waiting for the drop right now so i can buy back in.

>>5503207
PoW is a fucking disaster. Satoshi never thought of ASIC mining.

IT STOPPED

>>5503421
Crypto is the future.
Buy now, be a future millionaire that abuses celebrities, models and gymnasts. GO GO GO!

New cryptocurrencyfag here, should i buy xripple with my bitcoins?

>>5503425
is it happening any time soon, though?

>>5503452

Thank God, new crypto trader here, I want to get a couple more months to accumulate this beauty.

Rate my poorfagolio

>>5503510
i cant fucking wait

>>5503569
No XML. No ICX. No ETH.

2/10

>>5503569
>poorfag
You have 322 more ripples than me.

>>5503610

I have eth coming in tomorrow was my first buy through shitbase with my bank account.

I'm not entirely redpilled on ICX, and I don't know shit about XML.

I've been spending every waking hour not working doing this though, I'm looking for long term growers not PnD.

Funcoins the only shitcoin I plann on HODLing on the outside chance of a moonrocket.

>>5503569
With that kind of money I'd focus on tiny coins with more potential than Ripple.

>randomly bought in literally a minute before it mooned

>>5499455
ignore anyone who draws lines on a graph, laugh at them if they describe patterns in the graph as shapes that will indicate future movement.
it is pseudoscience

Our next pump is in 1 day 12 hours confirm on our Discord: https://discord.gg/aYceacw

>>5502830
Those tits are god tier

>>5503740
60% of the time it works every time!

>>5503663
Burst about to pop... whales slowly accumulating coins without trying to disturb market too much.

>>5503710

I hear what you're saying but I really don't have the time to day trade, full time job, wife, new house.

I've done nothing the last 5 days besides work and research crypto, its draining already. I'm off tmrw I might try to flip my ETH I'm waiting for into something like TRX, but if you have advice on something better I'm willing to listen.

>>5503736
Nice bro, I aquired some right at 99 cents on top of what I already had. Feels good.

>>5503784
you thought about TRX for more than a minute and decided it was a good idea?

anon... no. buy bluechips and hodl. don't sell when the bubble bursts, ETH and XRP will both have bright futures in five years

/biz/ doesn't like Ripple? Wow, it's like they hate money!

>>5503823

I'm not letting go of a single unit of XRP I manage to get ahold of, don't worry.

Also no, I didn't decide it was a good idea, it seems completely shady as fuck but if I was going to try my hand at PND day trading I was going to start there.

And yeah, thats my plan, ETH and XRP used basically as long term savings accounts, with a few bucks in shitcoins I think might moon.

Thanks btw.

>>5503569
Nice. I'm I gonna make it, guys?

>>5504062
No.

>bought at .9
>Sold at 1.15

Go down goddamnit so i can buy more

>>5504062
How can you hold DGB and look yourself in the mirror?

ah crap /biz/ is talking about it mooning. Here comes the dump.

>>5504062
Dump your shitcoins and stay in ETH, XRP, and (some) BTC and round out your blockfolio with other coins in the top 5 if your ADHD really makes you want so much diversification

>>5504341

The same reason I'm holding 1500 units of FUN

Consensus is its due for a moon launch eventually.

Legit pump and dump group: https://discord.gg/aYceacw.. You’re welcome.

>>5504503

TSSSS lmao

Shut the fuck up u fucking shill mother fucker you.

Ripple is mooning because of good leadership, coin, vision, support, etc

begone little shill

XRP is pretty good long term but I wouldn't expect moons out of it. Check these guys out if you're really interested in some moons, they haven't been wrong all week.

https://discord.gg/2cFWBHc

>>5504600

MODS PLEASE BAN THESE TWATS.

>>5504600
be gone little shill

With $50B market cap, it will not double or tripple in next 6 month, but it's good for long term investment.