>What is this? A thread for discussion of news, connections and discussions relating to xrp that are founded on articles, sources, and provable speculation. >What about XSG? XSG is fun but heavily centered around religion, schitzo posting and hyper-speculatory discussion. Think of this as a sister thread for those more interested in recent news and factual/source based discussion. So no gematria, or religious talk. That's for XSG.
hot damn, nearly checked i wonder how many people would be prepared to hold out if nothing happens at the end of the year. surely we'll see some price action with the flare drop but i wouldn't be surprised if it was less than what people hoped for
checked I enjoy seeing the schitzo stuff but there have been times when a genuinely in depth discussion was btfo by schitzo christposting in xsg, with the recent threads it feels like its become increasingly harder to hold a conversation about stuff outside of 'insiders'
>MOVING AVERAGE INDICATES .21 IS A POSSIBILITY IN NEAR FUTURE.
>On the flip side, the holders distribution chart from Santiment shows that holders with at least 1,000,000 XRP and up to 10,000,000 are increasing. The number of whales was as low as 1,327 two days ago but has now notably increased to 1,342, which means 15 new whales hold at least 1,000,000 XRP coins.
So number of whales are increasing, despite value going down.
hold strong, don't forget this is a long term vision, despite what people believe will happen at the end of the year good find user, i wonder what specifically has led to the sudden increase
>After that I will kill myself I'll bet people said the same thing when BTC was ranging in the 200's for 2 years.
Easton Rodriguez
Anyone care to venture an opinion on what the minimum effective price of XRP is (i.e. the minimum level it needs to be at to function properly as a bridge asset for banks)?
Liam Roberts
oh look, we already have postponed the memedate, and it isn't even october yet
hmmmm,hmmmm
when did I see such a thing happening last time? Oh that's right, last year. Come to think of it in fact every year for the last 7 years...
It will crash to like 0.0012 ¢ then explode to 2000-7000$ a coin a week later Probably crash during election Shoot to 4$ tons of people will sell and boom 2000$ a few days later
Lucas Gomez
hahahaha i lol'd, same pretty much
Josiah Richardson
I figured it'd shoot up and slowly bleed out.
Brayden Rivera
*Then moon
Michael Walker
I hope you’re right on that - it’d be great to have the chance to pack my bags up more!
My question though was more on practicalities - at $1000, that’s a total available supply of $10trn, which might (at the lower end) be enough liquidity for banks to use on a relatively wide scale, so I’d consider that to be the minimum effective price point (though it’d be a push at that level - they would quickly run out of headroom).
Any ventures as to alternative minimums?
Luis Hill
Not in this life. Lol at waiting till march.
Alexander Jenkins
why are you wasting time calculating that which has already been done 2k EOY is not a meme
Lucas Richardson
maths is not a strong subject of crippletards I see
FYI 1000 * 100,000,000,000 = 100 trillion
only a couple of trillion more than all the circulating currency in the whole world
it would be good if christposters contributed discussion here too, as long as they steer clear of that super speculative spiritual stuff, that stuff has to be seperated when looking at hard facts and sourced action
i haven't put much thought onto this specifically but i would image it being much higher than it is currently. i guess technically is right, it works at its current price - but that would only be maintainable while xrp at $0.25 is enough to not hit the ceiling of available tokens, the higher the price the less tokens required. i'm most bullish on this aspect of it, if ripple can pull through with all these partnerships, id expect the price per xrp to just rise passively as more and more liquidity is required
gonna be honnest, i have hardly any faith in this being the case. the mellon user stuff is cool but im not gonna hold my breath on this no proof bullshit, though if it happens i guess ill know what to look out for
>muh market cap means value aren't people tired of repeating this fud?
Andrew Bennett
if i sell you an apple for $1000, what is the market cap of apples at that very moment?
Brayden Ortiz
Ha, fair enough - I’m a lawyer not a numbers guy!! (Also I used 10bn XRP, not 100bn).
I thought this was the non-schizo thread? This is basically where I’m coming to have a rational discussion about any questions I have, so that I can form a rational view. I’m also still on XSG and that’s where I’ll let my schizo out. The two are separate.
Anyway, with the correct maths (thanks to the user above), $1k gives you a 100trn total available liquidity. I understood interbank transfers to be ~15trn daily at present. Is that correct? If so, that suggests an effective price point far lower than $2k. Perhaps $150-500 initially, with $1k being the upper end.
Of course, that assumes it’s only being used for interbank transfers. Are there any other markets that could make use of all the excess liquidity $2k (or even $1k) would provide?
Levi Richardson
you think you are seeking sanity, but you have left it
Michael Cox
And it only takes into consideration non fraudulent transactions.
Kevin Thompson
How so?
Chase Wilson
To answer my own question (what it would be used for other than interbank transfers). I would guess banks and central banks would want to hold reserves to ensure liquidity, which would move it up from the 15trn (again, correct me if I’m wrong on that being the level of interbank transfers). They could also use as collateral at clearing houses and for triparty Repo/sec lending transactions (though in the case of triparty, I suspect governments would resist as this would take deman away from govvies).
I think derivatives collateral would already by included in the 15trn though, so that might not add to the total.
Sebastian Butler
sanity is insanity. insanity is sanity.
Jose Smith
i like this thread user. it was about time we get our very own safe space
Brayden Bell
spoken like a man who dresses up as a woman to prey on young girls in women only spaces
Thomas Gutierrez
>So no gematria, or religious talk. That's for XSG.
David Swartz is speaking today at a Forbes Blockchain Webinar about the role of crypto in the coming decade. Might be interesting. Free to sign up, starts at 2 pm EST
did you see this user? aws.amazon.com/partners/success/ripple/ xrp could be perfect for the private market, specifically international online purchases, bank conversion rates are a bitch and visa / mastercard always take their cut. xrp can pretty much provide a way for normal people to get a 1:1 ratio of another nations currency
I take your point about total circulating money, but it doesn’t really fit for me. I may be wrong, but my view on the primary purpose of XRP is that it’s not intended as a currency - it is simply a tool to facilitate transfers. In that sense, the market cap is really a misnomer. I’d think if it as bandwidth - the price will determine how much bandwidth it has to allow/facilitate the transfers. It needs to be high enough to account for all the movement.
I’d also note that so long as it’s stable, the price is irrelevant to banks - if they need to make a transfer, it’s a simple FX spot trade into XRP and a spot trade out (back to the intended currency). The ‘FX risk’ can be hedged out as with any other currency. This is where the sudden jump makes sense - a slow climb would show too much volatility.
Robert James
I did see that - don’t know why I didn’t include it. Thanks user.
