how do you expect this to realistically happen? i here "flip of a switch" but even you must know that this sounds ridiculous and more of a meme than anything...
so tell me, without memes, how will xrp go from .25 cents to 2000 dollars in less than 2 months..?
by eoy? doubtful. eventually? maybe. it's not expensive. i can afford to lose it if xrp does not succeed.
They have hope. Truth is only jews at the top know
I don't know about 2k
I just know that it mooned harder in 2017
I have a bag just in case
Retards will lose their money if they only
Think of selling at 2k even at 20$ or 200$ its a major profit
people underestimate the amount of a-priori knowledge they can access if they really use their minds.
they're too busy paying attention to what others do.
>how will xrp go from .25 cents to 2000 dollars in less than 2 months..?
See, SWIFT is outdated, so banks will therefore transfer trillions of dollars of liquidity into XRP, a third-party shitcoin of which most of the supply is held by the developer. I guess they'll lose a ton of it as all the instant XRP millionaires and billionaires cash out but whatever. Also they will enjoy trying to wire funds using a volatile token, so that nobody will really know what actual exact amount of funds will arrive due to fluctuations in XRP value.
What else could they do? Since it's actually no longer 2015, are they supposed to just hire a team of developers to create their own stablecoin solution that they would own 100% of?
That's just crazy talk.
by that logic, nobody would buy bitcoin either. satoshi owns tons of it. there are probably a dozen people who own over half the supply of bitcoin
the xrp developers are practically giving away xrp, and they have to. there's no other way to distribute it.
your concerns are valid but they also apply to any other crypto in reality if not in principal.
.25 to 2000 is absurd unless they're referring to hyper inflation.
.25 to 2 in one month is more realistic since XRP has done that once during the ATH.
secondary markets get bought up
No. Bitcoin is generated by proof of work. It is a real store of value because it is subject to the laws of supply and demand. It is therefore defensible as a store of value.
XRP is a premine with more than half of the supply held by the owning company. It doesn't do anything any other coin does except inflate. The scummy marketing moves Ripple's made since then, like buying the bankrupt husk of a failed Western Union competitor and then declaring itself to be top-tier international payment processor, doesn't inspire confidence either.
There was an argument to be made for XRP when blockchain stuff was still brand-new, so it was fairly unique as a solution, and its valuation at the time reflected that. Now, it's a dead shitcoin, and its valuation reflects that.
people have used all sorts of things as currency. every coin is a premine because the dev team can mine when it's easiest. effectively a premine, it's no different at all. mining is a silly metaphor. i'm not saying xrp is going to moon. i think it's not very likely, at least not anytime soon. but it could, that's the sense i get. i bought long before i ever read about it on this site because i was impressed with the project.
cont.
and another thing, i never really felt compelled to sell except during its ath. don't remember if i got rid of any of it. i may have. but in any case i've always had the sense that i should own some, and i can't say the same about bitcoin.
what is currency besides a contrivance for the sake of convenient transaction?
>but in any case i've always had the sense that i should own some, and i can't say the same about bitcoin.
You should probably consider doing the 180 degree opposite of whatever that sense tells you, because it's cost you a fortune
>every coin is a premine because the dev team can mine when it's easiest. effectively a premine, it's no different at all. mining is a silly metaphor.
oh my god, I wish you best of luck and I hope you're not investing serious money
>what is currency besides a contrivance for the sake of convenient transaction?
Yes, exactly. But if you like making money instead of losing it, you ask this question:
"What is unique about this particular asset? How is it intrinsically superior to its alternatives?" With XRP it's "absolutely nothing, except terrifyingly awful tokenomics for literally everyone but the developers"
>more than half of the supply held by company
Serious where do you keep coming up with this retarded claim. You don’t understand the XRPL and you’re STILL reciting some goy shit written by Dr. Goldberg.
And you're still holding a dead shitcoin that hasn't had an argument for its existence in 2 years, reflected in its price
Seriously, the main differentiator between this and literally any other token is the entertainment of watching Jed dump on you and tell you it's bullish
Every anti-xrp point made in this thread has been thoroughly debunked at this point despite the best efforts of the most diligent schizos. C'mon man, it's 2020, it's time to wake up.
and yet it spreads despite the best effort*
Your fud makes sense but I’m too stupid to sell and my bag is big enough where I’ll hold until I get what I want or die trying.
>C'mon man, it's 2020
>bagholding a shitcoin that died in 2018
lmfao
XRP schizos are all newfags that dont comprehend the meaning of marketcap.
>oh my god, I wish you best of luck and I hope you're not investing serious money
satoshi probably has a million bitcoin or more. eth devs probably have tons of it. there was nobody else mining those coins at the moment they were released. ergo, it's the same as a premine. spare me your feigned indignation. bitcoin might go up, it might go down. i have no way of knowing except try my best to evaluate its merits and its shortcomings, and it comes up short by every measure. do you perhaps think i'm an idiot?
>he thinks XRP is like any other digital asset
Its called a bridge asset buddy
>there was nobody else mining those coins at the moment they were released
cont.
and i'm sure you know what this means but i'll clarify this point: they never had to compete with other miners and probably comprised the majority of hashpower for at least several months if not years. you have to assume they got at least half of all block rewards for a long time, and at the time when the block reward was highest. a bitcoin is mined every ten minutes regardless of how many people are mining, its DAA is designed to keep the difficulty down when there's little hashpower available.
so yes, it's exactly the same as a "premine". the only difference is that the huge cost of performing a transaction in btc and eth, approximately the same amount of energy to run an average household for three weeks, is subsidized with block rewards. what happens when that's gets halved again? and again?
based
>do you perhaps think i'm an idiot?
I do, honestly. I wish you best of luck though
Another word for that is "shitcoin"
>somehow manages to look at proof of work and come to the literal opposite understanding of how it actually works
I feel like I should be applauding this
cont.
meanwhile you can still buy xrp for .25c. so who's really getting ripped off? the "premine" that's still available for a quarter or the POW coin that satoshi & friends mined with relatively little competition for a good length of time after its release and now sell for fifteen grand?
shitcoin is a cute buzzword for erc20 coins, XRP is in a league of its own
its cool if you dont care about the facts, dont buy xrp then
but i like seeing good ideas succeed, and i don't like seeing people get ripped off. bitcoin is a ripoff at 15 grand. it could be 150,000 next year and it would still be a ripoff compared to xrp.