I bought this shit at $0.65 and you guys told me it’s going to $4 wtf is going wrong

I was there today. This is the only real deal.
Potential to be the most valuable company of our generation.

The release of xRapid was obviously already priced in by the market, with the 80% increase over the last month. If we don't see any further announcements during Swell there is a high probability of some profit taking and price decrease short term.

Long term price is heavily reliant on xRapid adoption and xRapid adoption is heavily realiant on steady volume in relevant corridors. To build this volume we need to start small with more customers with frequent but small payments, and build from there. These coming few months will be paramount for the future of XRP.

link sucks

you bought ripple's funding token. they printed 100 billion, gave a few away, and are trying to sell the rest to fund their company. it's not going to become the new dollar or any other cringeworthy predictions people keep making. xrp is no different to e-gold or any of the other printed from thin air currencies tried in the past.

at least ripple has other offerings that might make them revenue, but banks aren't stupid enough to fall for xrp.

>they printed 100 billion
The US government printed how many trillions of dollars and that's worth something too

its also a currency everybody is forced to use here and not something created by a private company which can't offer any better products with their funding token than without it.

test

I willl buy it off you for 35 cents. you can hold or cut your losses but its barting down hard as we speak

this aint it chief

>t. absolute dumbass

I'm confused by the xRapid hype and how it'll be the muscle of them reaching a high price.

If the xrp used for the transfer is bought and sold back into the exchange all within a minute, how does the price change to a sustained high?

haha so all the hype for XRP died the moment I bought it after I have ignored it this whole time

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Cory Johnson literally said the feedback they've been getting is basically putting them on the edge of mass adoption

1000$ EOY (ha! fuck you linkies)

>He bought?

>If the xrp used for the transfer is bought and sold back into the exchange all within a minute, how does the price change to a sustained high?
That's the trick. It doesnt really. It's part of the double speak david Swartz does. They say the price will increase by demand but at same time say settlement is so fast that price changes wont affect it. Cant be both at same time. If it can drive price up then it can change price too.

The actual movement of xrp price will be idiots buying it up and selling it back into the pool to increase liquidity. But in reality banks dont need the coins being held by people as settlement is so fast you can have only a few million coins to settle all bank transactions.

A ripple salesman saying good things are happening with a company he works for? Better believe that huh

$598

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It was based on market research Ripple have done when surveying the banks they work with...

Make of it what you want

I don't care if you buy or not

what does it look like its about to happen?

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You complete the bizcel cycle by selling low. The you buy at the top of the next pump and dump and repeat the cycle until you are broke. When you reach the last 10% of your net worth, open a bitmex account and short with x100 leverage with all your money. Once liquidated you just off yourself. Living the biz life

Can anyone imagine being this delusional?

God if it reaches that number
Im cashing out at 420 or 500 lul

It looks like it's about to dump back to that flatline and stay there for 8 years; it's been there most of that chart and crypto is over.

I was told what it would go to > $500

>listening to Jow Forums

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Jow Forums fudded XRP so much there wasn't even XRP threads every week for months.

>$20 trillion marketcap
FUCKING KEK

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>and crypto is over.
welcome to depression phase of the market

$27T in nostro accounts user

This

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>he bought xrp

ahaha

what does that mean?

>what does that mean?

The way banks move money currently is they have prefunded bank accounts with eachother. Those accounts collectively contain $27 trillion USD. That money is sitting there doing nothing.

With xRapid they don't need those accounts. They can get their money out.

I hope so, I need to unload these heavy bags

what you are failing to understand is that they arent going to hold 27 trillion USD worth of XRP. they are going to constantly be buying/selling the XRP

>what you are failing to understand is that they arent going to hold 27 trillion USD worth of XRP. they are going to constantly be buying/selling the XRP

obviously they won't hold $27T worth of XRP

but if they use it as a nostro replacement then XRP will gain a monetary premium

it will be cheaper to hold it in anticipation for spending it than to buy it every-time you need to send it somewhere. This will especially become the case once it goes into a steady price rise. So not only do they avoid doing a double exchange by holding it but they also get capital appreciation on their holdings.

so if theoretically all these banks actually shifted over to XRP what kind of prices are we looking at? double digits? triples?

>so if theoretically all these banks actually shifted over to XRP what kind of prices are we looking at? double digits? triples?

$1000 long term not impossible. $10 is very possible in the short term.

man wouldnt that be nice