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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23006601 No.23006601 [Reply] [Original]

Then why the fuck did this guy sell all of his XRP in 2019?

>> No.23006644

>>23006601
He didn't. In fact he recently was very public about registering his xrps for the flare drop.

>> No.23006706

>>23006644
Wrong.

>More XRP held by Ripple than there is currently in circulation (55 vs 45 billion)
>1 billion XRP will be released every 55 months, all XRP returning to escrow at end of month
>That means with XRP at a price of let's say 10 USD somebody has to buy XRP for 10 billion USD each month
>Who could possibly do that? The balance sheet of the federal reserve is about 4 trillion USD
>Ripple the company would be worth more than 13% of the federal reserve
>XRP standing at only 70 USD would mean that Ripple the company would be worth more than the federal reserve
>Ridiculous power for a private company

>> No.23006764

>>23006601
He bought xrp with his own money. They aren't free. He can do w.e he wants to do with it. Aka trade

>> No.23006794

>Ripple will have to give away most or part of its escrow to IMF, BIS or destroy most of it
>The release of 1 billion XRP per month means an inflation rate of more than 2% per month or 25% per year, that's even more than the USD
>There is a lack of information about who Ripple sells this 1 billion XRP to and at which price, there's no transparency
>A significant price increase of XRP (in relation to BTC) is not going to happen before escrow is empty, so probably at least 5 years
>If XRP is becoming a success and a danger for central banks then why should Ripple the company not just introduce another clone of XRP
>Let's say 100 bln of GCU (global currency unit) and distribute it to central banks? XRP could be thrown out of the net and replaced by GCU in seconds and become totally worthless

>> No.23006811

>>23006644
>>23006764
He sold all of his XRP in April 2019. This is akin to Charlie Lee selling all of his LTC, if he knew the price was going to increase dramatically why would he dump his bags? Any XRP that he has bought after that is irrelevant.

>> No.23006838

>>23006601
it's not going to moon, but it has been a great cash cow for that big downie cunt
xrp is a retarded shitcoin, and the threads they've been spamming since the link pump to $20 are slide threads at best, or unironic retards trying to get biz to validate their twitter nigger bags

>> No.23006924

>>23006601
This guy looks like he should be on the cover of Der Schtumer

>> No.23006973

>>23006601
>cave troll

>> No.23007091

>>23006706
>>23006794
XRP schizos can't refute a single thing I've said, nor the fact that Ripple's own CTO sold all of his XRP. You guys are hopeless.

>> No.23007195
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23007195

Take the redpill, cRipples

>> No.23007211
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23007211

>>23006706
>>23006811
did you stroke out? silly willies

>> No.23007215

>>23007195
You can buy XRP for USD though lol

>> No.23007261
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23007261

>>23007211
Lol this kike does not even remotely try to hide his kikeness.
So what Ripple is gonna have like 300 billion of these flare tokens ?
You Ripple bagholders are pathetic.

>> No.23007442

>>23006811
>Any XRP that he has bought after that is irrelevant
what is swinging, i get the first bit but that last comment is downright retarded
>>23007261
dunno and dont care desu, if you want an obvious answer to why xrp's price will rise
100mil USD rn is about 430,500,000 XRP tokens, if the total supply is 100b, the cap for simultanious transfers at this scale is pretty much 232. and the current circulating supply is only 45b
>two hundered 100m dollar transactions??? retarded cope
dont forget what ripples target audience is anons 100m is bush league

>> No.23007482

>DeRisks all over your forehead

>> No.23007549 [DELETED] 
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23007549

>>23007442
>what is swinging
Why would he swing if he knows that it is going to be adopted and spike to $2000 in an instant? Dumbass. This ENTIRE comment is retarded.

>> No.23007616

>>23006706

Numbers are wrong there chief.
You really think the fed balance sheet is what they show you? They are creating 10's billions on a daily basis to keep this shit show going. The pile of derivatives, cdo, phantom accounting is 100's trillions.

>> No.23007630
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23007630

>>23007091

>> No.23007702
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23007702

>>23007630
> goys, relaxy my wife makes me dump hot steaming loads of shitcoin all over your faces every month
> I have no choice my wife makes me be a billionaire
Yeah Ok

>> No.23008018
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23008018

>>23007702
Leave it to you to not accept the answer once given.
>>23007091
This is why we don't answer the flood of fud every single day. We have either already answered it a million times, or you are too braindead to accept it. Enjoy the cognitive dissonance.

>> No.23008096
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23008096

>>23008018
>"noooooo you can't dissect my investments logically, that means that I actually have to stop being amoeba tier intelligence and think of a rebuttal!"
Not. An. Argument.

>> No.23008115

>>23007702
>has never heard of balancing a portfolio

>> No.23008147
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23008147

>>23008096
cognitive dissonance.

>> No.23008174
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23008174

>>23008147
Low IQ.

>> No.23008209
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23008209

>>23008174
>assuming. Also thinking it matters.
Investing is not a game where the guy with the 160 IQ beats the guy with a 130 IQ. Rationality is essential,” -Warren Buffet

Please now tell me how one of the riches investors in the world is wrong.
Once again, cognitive dissonance.

>> No.23008231
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23008231

>>23007195
Thanks for this ANON. It makes perfect sense, the X in xrp is an exchange. As above so below as within so without. 'THE GREATEST TRANSFER OF WEALTH." TRANSFER.

>> No.23008244

>>23006601
Stupid Jewish XRP financially ruined the Hodge Twins!

>> No.23008272
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23008272

>>23007195
The greatest TRANSFER of wealth.

>> No.23008278

>>23006706
>Ripple the company would be worth more than 13% of the federal reserve
>XRP standing at only 70 USD would mean that Ripple the company would be worth more than the federal reserve
>Ridiculous power for a private company

Apple is worth 50 percent of the fed by this logic then. Shut the fuck up, idiot.

>> No.23008282
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23008282

>>23008209
So you admit that you're low IQ? Btw that's not what cognitive dissonance means, don't use terms you're not familiar with in a bid to sound more intelligent than you are, it's cringe. Also appeal to authority, seething.

>> No.23008305

>>23008278
No an argument. Seething.
>>23008272
Yeah, where Ripple dumps on you desperate losers and they transfer your wealth into their pockets, kek.

>> No.23008334

XRP goin' ta make deez guyz rich as sheeeet

https://www.youtube.com/watch?v=g4vG5nD-RzE

All kinds of gainz

>> No.23008396
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23008396

>>23008282
>the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change.

So when I said assuming....you once again assume admittance? Ok bud. You won this one. Your IQ is too high for my meager and baseless claims. You are right. Maxi seething rn.

>> No.23008415
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23008415

>>23008396
Low IQ seething word salad.

>> No.23008440
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23008440

>>23008415
Kicking a low IQ while he is down and defeated?
Wow what a chad. Teach me senpai.

>> No.23008483
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23008483

>>23008440
>Kicking a low IQ while he is down and defeated?
Yes.
>Wow what a chad.
Yes.
>Teach me senpai.
No.

>> No.23008486

>>23008305
It's a refutation of your stupid argument that no company could have such power. I drop the word "private" here, as it's evident Ripple will go public fairly soon, so the use of the term is largely redundant

>> No.23008508
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23008508

>>23008483
How will I ever recover?
Oh well. Buying more XRP.

>> No.23008514
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23008514

>>23007549
>why would he swing if he knows
stopped reading there, sorry, i dont know why someone would swing if they knew when would be a good time to hold. the funny thing is this is all hypothetical anyway, he holds xrp.

>> No.23008605

This whole entire thread is so fucking retarded Jesus
David is a spokesperson for Ripple, he invested his own money into this, he is a businessman
It is HIS right to sell his XRP, he bought it, he risked everything by going into this company and it is his right to make profits and support his family
We are just here for the ride, the whole idea of XRP is to succeed whether he sells his XRP or not

>"uhhhhhh but why is he selling ekserpee instead of hodling"?

Because he believes the currency will succeed regardless, and he needs the money why do you give a shit?

>> No.23008708
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23008708

>>23008514
>Ear edited wojak
Opinion discarded.
>>23008605
Seething, still 23-24c after how long? Kek.
>Because he believes the currency will succeed regardless
Then why wouldn't he want to profit off of it?
>and he needs the money why do you give a shit?
If even the CTO dumps with supposed 'insider knowledge' then happening cancelled, enjoy your bags.
>>23008508
>How will I ever recover?
Duno, you could try putting your tampon back in.
>Oh well. Buying more XRP.
Yeah that's what I'd do aswell if I was a brainlet.

>> No.23008757

>>23008708
Cringe

>> No.23008759
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23008759

>>23008605
They are not interested in facts, or explanations.
Move along. If we give them the reason, they dispute it with ad hominem attacks. If we do not say anything, they claim victory. This is the state of /pol/.

>> No.23008785

>>23008708
None of the things you are saying are arguments, the fact that it stays at a low price indicates that it will rise. This is a known fact in statistics, the longer a pattern is repeated, the higher the chance of it being broken at some point
Yeah, maybe he knows him selling has zero impact on the price whatsoever (which is the truth) he is allowed to trade the zerps as he sees fit

But you're obviously quite braindead yourself, something which you're accusing everyone else of being, since you only bring up arguments that go against your claims everytime

>> No.23008788

>>23008605
>David is a spokesperson for Ripple
Chief technology officer
He's not some random spokesperson. He is behind the technology of ripple. He has also worked for CNN and NSA.

>> No.23008805

>>23008759
Very true. They're not worth our time

>> No.23008804
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23008804

>>23008708
It's fun to fud xrp with 6 figures stack isn't it ?

XRP is a scam.
Invest in Chainlink.

>> No.23008816

>>23006601
Perfect example of the chad embrace

>> No.23009008

>>23008305
>No an argument.
Yeah it definitely is.

>> No.23009090

>>23007702
>every xrp Schwartz owns was purchased
>he is NOT allowed to sell something he purchased when managing his finances!!!
This is a cool opinion you have

>> No.23009128

>>23006601
>>23006706
>>23006644
>[citation needed]

>> No.23009142

>>23009090
That is not the point at all, the core point is he is a mega whale and has no problem constantly dumping even minor pumps.
I am not going to sit here and say there is some kind of moral issue with this, but you should not hide behind your wife.
The takeaway from this is he will keep selling.

>> No.23009154

>>23009090
Also checking with his wife when managing his family's finances is an apparent trigger to this incel.

>> No.23009170

>>23009154
>>23009142
lol point proven as I post.

>> No.23009190
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23009190

>>23006601
He's has an Aryan waifu and is a Jewish King of Currency CHAD

He WILL take us to the promised lands of sick gainz. You just have to have a fat bag of ripple. Get those zirps, niggers.

>> No.23009227
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23009227

>>23009190
>Has never created any service or product in his entire career
>Somehow he's going to make his cult following filthy rich

>> No.23009496

>>23008282
Lmaoooo wrecked his bitch ass

>> No.23009508

>>23008483
Lmaoooo wrecked again what a nigger

>> No.23009538

>>23009508
Yea sure did.
>What is ad hominem

>> No.23009622

>>23006601
He knew it was dead

>> No.23009791
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23009791

>>23008757
t. cringe and cognitive dissonance
>>23008804
t. cringe and cognitive dissonance
>>23009008
t. cringe and cognitive dissonance