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/biz/ - Business & Finance

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12751554 No.12751554 [Reply] [Original]

Banks will never buy XRP when they can create/use their own private blockchains for free.

Shorting XRP. Easiest short of my life.

https://www.ccn.com/newsflash-bitcoin-basher-jamie-dimon-jp-morgan-just-launched-their-own-cryptocurrency

>> No.12751581

who cares about stupid shitcoins
if people were not fucking mongoloid retards then 95% of money in crypto would flow to BTC and we could have at least one stable valuable and useful chain

>> No.12751622

>>12751554
Bump
I hope to see biz having a thoughtful discussion on JP Morgan coin when I wake up tomorrow.
Ni Hao

>> No.12751635

>>12751554
How are those flo bags treating you retard

>> No.12751667

>>12751635
The FLO bags were sold over a week ago. "retard."

Check for my post history.

>> No.12751680

Unironically, QNT can connect to this. And XRP. And everyone else.

>> No.12751704

>>12751581

One of the World's biggest banks is making own stablecoin for settlements --> proof that XRP is worthless trash.

Please grab a napkin and wipe the drool off of your chin. Instead of just yelling "shitcoins!!!" like sanjeev and ranjesh just actually use your brain and consider how you can make money off of such "SHITCOINS!"

If banks are not using XRP and XRP shills have done nothing but spam "BANKS WILL USE XRP!!!" how can you make money?

***SPOILER for droolers***
Answer: Short XRP.

>> No.12751880
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12751880

rip xrpthestandard. the normie salt will be glorious. imagine how many retards bought this shit at $3+

>> No.12751887

>>12751667
>check my post history
as if this was plebbit and I care, fuck yourself tripfag

>> No.12751891

>>12751887
http://boards.4channel.org/search#/xrp/flo

newfag

>> No.12751913

XRP HOLDERS BTFO AHAHAHA YOUR COIN WILL DIE AHAHAHAHAHA

>> No.12751997

So where's the red candle you are intimating at? Guess xrp is bigger than you thought and will blow up w this shit coin out of the water.

>> No.12752030
File: 685 KB, 611x667, xrp.png [View same] [iqdb] [saucenao] [google]
12752030

>>12751997
Price hasn't reacted yet. Wait until the market realizes what's going on.

There will be a RUBY COBRA down to hell.

Check out crypto twitter. $XRP

>> No.12752082

>>12751891
I think you missed the part where nobody cares.

>> No.12752161

Stupidity at it's best to sell xrp because you have no ideas what are counter risks. Bank coins, Central Bank coins still can't do cross border transactions. STFU fudders.

>> No.12752173

>>12751704
Where can you short xrp?

>> No.12752175

this if anything is, is a VERY GOOD news to XRP. you wil see it in the future. there is millions of bank globally.

>> No.12752182

Nice

We are at the stage of > they trying their own


Lol

>> No.12752229

>>12752030

Lol no. Ur going to be dissappointed

>> No.12752305
File: 339 KB, 1276x800, xrpdeathcross.png [View same] [iqdb] [saucenao] [google]
12752305

>>12752173
Okex, Bitmex, Deribit, Kraken, Poloniex, Bitfinex.

There's also a death cross that is formed. Watch out belowwwwwwwwwwwwwwwwwwwwwwww!

>> No.12752878

>>12751554
If you ever believed banks would use XRP your IQ is less than 90.

>> No.12752951

XRP is bridge settlement solution for fiat AND crypto.
I refuse to do my own research. Is JPM Coin a stablecoin?

>> No.12753072

If there’s any justice on this planet xrp will go to 0. There’s no reason why banks wouldn’t use a stable coin instead. Good riddance.

>> No.12753305

>>12752951
ye

>> No.12753531

>>12751554
Which competing banks want to use JPM Coin? The point of using XRP (or any unbacked crypto) is that you eliminate counterparty risk. JP Morgan won't be the only bank to create their own pegged token. We'll see tons more, and they will only increase the need for a neutral bridge currency to move between them.

There is NO benefit to creating a fiat backed token for settlement that can't already be obtained through a modern payment network. Ripplenet solves this problem, a centralized database could solve it, and Swift may even figure it out one of these decades.

Banks like JP Morgan will make this realization eventually, but right now they are riding the wave of hype without understanding what makes cryptocurrency useful.

>> No.12753602

>>12753531
>80 IQ understanding of economics

>> No.12753750

>>12753602
70 IQ understanding of risk

>> No.12753878

>>12753602
what happens to all holders of JPMCoin if the bank goes down the shitter eh? you mouthbreather

>> No.12754597

>>12752305
BIG if HUGE!

>> No.12754610

>>12751581
Denial, time to get out of BTC

>> No.12754661

>>12754610
I'm With Stopid....
Time to BUY and HODL my dude.
We will start mooning soon...

>> No.12754711

ripple hate 101%

this is one of the last shakeouts to scare noobs away before the big flash pump.

>> No.12754776

>imagine people actually fell for the jp morgan fud
the absolute state of linktard hodler

jp morgan lel good luck competing with a company that has hundreds of partnerships, done years of research, has a chief cryptographer that worked for NSA before and has a FULLY WORKING COMMERCIAL PRODUCT AVAILABLE ALREADY

XRP is miles ahead of any other crypto project, they will win the war no doubt.

go on sell your bags you weak faggots, more for the enlightened strong hodlers

>> No.12754802

Always do the opposite of what /biz/ says

>> No.12754819

>>12754776
this

>> No.12754822

>>12754776
hahahha JPdumboMorgan made a Centralized DataBase and called it BLockchain!
Noice!!!!

>> No.12754830

>>12751704
Show us your position, nigger

>> No.12754835
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12754835

>>12754776
>XRP is miles ahead of any other crypto project
its literally not even a crypto

>> No.12754841

>>12751554
Lmfao, and JPM Coin is pegged to USD and based on the Ethereum network.

>> No.12754849

>>12754776
>>12754802

/biz/ kids will sell their ripples for trumpcoin or other stupid uselless shit. they more like fancy memecoins with 10 million volume than a real one with billions of volume.

>> No.12754868

>>12754841
https://www.jpmorgan.com/global/Quorum

>> No.12755330
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12755330

>>12754835

>> No.12755379
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12755379

>>12751554
>...it seems likely that the “cryptocurrency” will exist on a permissioned network.
>In other words, you shouldn’t expect to see JPM Coin listed on your local cryptocurrency exchange.
Into the trash it goes

>> No.12755391

Are you happy for sell the dip ?

>> No.12755394

>>12751581
BTC doesn't scale. POW doesn't scale. Thank you that is all.

>> No.12756414

>>12753072
>There’s no reason why banks wouldn’t use a stable coin instead. Good riddance.

Except for the three way counter party risk with using a stable coin?

>> No.12757071

>>12756414
Speak English please

>> No.12757091

Who even thought XRP would be a good idea ? This crap is basically a SMS service.

>> No.12757546

>>12757091
https://www.bloomberg.com/news/articles/2019-02-14/jpmorgan-s-crypto-experiment-raises-ripple-relevance-question

RIP to RIPPLE.

>> No.12757699

>>12757546
>“The project is clearly competing directly with Ripple Labs and their centralized cryptocurrency XRP.”
kek

>> No.12757729

>>12751554
How do I short marslander? Is there a marslander inverse etf?

>> No.12757931

>>12751891
Nobody gives a fuck