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re: XRP- friends keeps saying this is one to watch
Posted on 3/14/25 at 10:25 pm to Jakesonaplane
Posted on 3/14/25 at 10:25 pm to Jakesonaplane
Ripple technology could be used in future.
Nobody is going to pay to use xrp token, it will get cut out if the banks ever agree on a system to replace swift
JPM coin has way more adoption than ripple... Let that sink in
Nobody is going to pay to use xrp token, it will get cut out if the banks ever agree on a system to replace swift
JPM coin has way more adoption than ripple... Let that sink in
1
Posted on 3/14/25 at 10:35 pm to UltimaParadox
I will say that’s fair if true but when the lawsuit from the SEC is dropped XRP adoption and use will overtake JPM.
From Reddit since I haven’t read too much about JPM coin
XRP is deemed not a security and JPM coin is specifically a security. Competing banks/creditors aren't going to want to use it. You become reliant on that company/tech which could potentially be a risk to your business model and provides your competitor, JPMorgan, with even more power. A third party company handling cross border payments and micro transactions would benefit all financial institutions equally. JPMC is only available to JPM customers/clients, which shakes out rival competition/numerous other large banks.
XRP is a neutral asset and, therefore, the corporate concern of providing power to a rival via use of their project or, contrarily, strategic vulnerability for using a rival's product is vastly reduced.
From Reddit since I haven’t read too much about JPM coin
XRP is deemed not a security and JPM coin is specifically a security. Competing banks/creditors aren't going to want to use it. You become reliant on that company/tech which could potentially be a risk to your business model and provides your competitor, JPMorgan, with even more power. A third party company handling cross border payments and micro transactions would benefit all financial institutions equally. JPMC is only available to JPM customers/clients, which shakes out rival competition/numerous other large banks.
XRP is a neutral asset and, therefore, the corporate concern of providing power to a rival via use of their project or, contrarily, strategic vulnerability for using a rival's product is vastly reduced.
Posted on 3/14/25 at 10:43 pm to Jakesonaplane
quote:
The thing to understand about XRP is that it was not made for retail investment or use. It was made for institutional use and transactions.
This is what I’m trying to understand while not trying to appear obtuse. It’s clearly being marketed to retail as an investment, although it was never intended to be a retail investment, and there doesn’t appear to be any need for retail investment.
Which begs the question, why isn’t anyone concerned about institutions thanking retail for their support funding the development and then just replacing xrp with their own intermediary currency?
Posted on 3/14/25 at 10:52 pm to lsuconnman
That has actually been a concern in the XRP community for a number of years. What if institutions use XRP for testing and then launch their own centralized alternatives like JPM Coin, various CBDCs, or several proprietary bank settlement layers?
The counterargument is that XRP has already built liquidity corridors and regulatory clarity (at least in some regions), making it a viable settlement layer for institutions that don’t want to reinvent the wheel. However, if the biggest players decide to go their own way, retail could end up having funded R&D without seeing the expected adoption.
This is still a gamble at the end of the day and not a sure thing. I love to gamble and honestly I’m betting the farm that XRP will rise to a cost per coin high enough for me to exit with my bag before something like this ever happens. I don’t plan to hodl forever like some people who believe XRP will actually replace the dollar and become the de facto currency in the future
The counterargument is that XRP has already built liquidity corridors and regulatory clarity (at least in some regions), making it a viable settlement layer for institutions that don’t want to reinvent the wheel. However, if the biggest players decide to go their own way, retail could end up having funded R&D without seeing the expected adoption.
This is still a gamble at the end of the day and not a sure thing. I love to gamble and honestly I’m betting the farm that XRP will rise to a cost per coin high enough for me to exit with my bag before something like this ever happens. I don’t plan to hodl forever like some people who believe XRP will actually replace the dollar and become the de facto currency in the future
This post was edited on 3/14/25 at 11:03 pm
Posted on 3/14/25 at 11:09 pm to Jakesonaplane
quote:
Not sure what your situation is but I’ve been buying between $0.33 and $2.75. I think it’s gonna go to several hundred per coin with several thousand per coin as an Actual posssiblity within the next 5 years. If it does then how many can you afford or need to retire? I would say 500-1000 coins would net a good return if you can swing it but it depends on what you can put into it and let it sit. Ive gone so far down the rabbit hole on research in this and I truly believe it’s something people will laugh at now and be pissed they didn’t pull the trigger just like Bitcoin. I’ve got 15,000+ coins so if it goes where I think it will I’m buying all kinds of shite I don’t need, like Tigerdroppings from Chicken
I bought a couple thousand at $.50. I’m still getting my arse kicked holding 20,000 Ada at $1.74.
Posted on 3/15/25 at 11:41 am to Jakesonaplane
quote:
I love to gamble and honestly I’m betting the farm that XRP will rise to a cost per coin high enough for me to exit with my bag before something like this ever happens. I don’t plan to hodl forever like some people who believe XRP will actually replace the dollar and become the de facto currency in the future
Fair enough. It’s amazing the amount of money flowing into a business model seemingly structured like a seasonal Spirit Halloween store. It’s certainly the first time in history where software developers successfully pitch the idea that a product they built yesterday will be more valuable tomorrow than it is today.
Posted on 3/15/25 at 7:10 pm to lsuconnman
There is a reason they are referred to as shite coins.
There is Bitcoin and everything else.
You can definitely make money in the others short term, but most people simply use them to make money and shift it to BTC.
The only crypto that has real buy in, worldwide, is BTC. Sovereignties, countries, state pension funds and large investment firms are not buying shite coins.
Invest accordingly.
There is Bitcoin and everything else.
You can definitely make money in the others short term, but most people simply use them to make money and shift it to BTC.
The only crypto that has real buy in, worldwide, is BTC. Sovereignties, countries, state pension funds and large investment firms are not buying shite coins.
Invest accordingly.
Posted on 3/16/25 at 8:27 pm to ApexTiger
It's a tremendous project. Guys on here shite on it because it's steady and doesn't do 20x each year.
It's utility is absolutely being implemented as part of the world's financial system.
The SEC lawsuit was mentioned. Ask yourself, why would SEC go after a coin that had no real hard future use plans around the globe?
It's clear they needed to vet the project. Ripple won the case and is now the only coin with the distinction the verdict gave XRP.
It's utility is absolutely being implemented as part of the world's financial system.
The SEC lawsuit was mentioned. Ask yourself, why would SEC go after a coin that had no real hard future use plans around the globe?
It's clear they needed to vet the project. Ripple won the case and is now the only coin with the distinction the verdict gave XRP.
Posted on 3/16/25 at 9:06 pm to ChatGPT of LA
I guess time will tell. There’s been a lot of stories this weekend about Russia using crypto to circumvent sanctions and swift. It is interesting that XRP isn’t mentioned in any of them.
Here you have the exact use case that supporters promoted. Yet Russia and co. chose to begin development of their own bricspay that is years away from implementation…instead of adopting an already available off the shelf solution that is supposed to be perfectly fit their needs.
The fact people who legitimately have a need for XRP refuse to adopt it is telling.
Here you have the exact use case that supporters promoted. Yet Russia and co. chose to begin development of their own bricspay that is years away from implementation…instead of adopting an already available off the shelf solution that is supposed to be perfectly fit their needs.
The fact people who legitimately have a need for XRP refuse to adopt it is telling.
Posted on 3/16/25 at 9:21 pm to lsuconnman
quote:
The fact people who legitimately have a need for XRP refuse to adopt it is telling.
Like who?
Posted on 3/16/25 at 9:33 pm to ChatGPT of LA
Anyone buying gas from Russia. They currently have a mountain a Rupees they can’t do anything with from sales to India due to their trade imbalance. Multiple stages of conversions are required for Yuan-Ruble conversions with their Chinese trade.
This post was edited on 3/16/25 at 9:40 pm
Posted on 3/16/25 at 9:34 pm to Thundercles
quote:
XRP lunatics believe that once the coin starts to pick up speed it'll be worth $10,000 each.
Circulating supply is 58 billion coins. How is that even possible?
Now ten dollars each in a bubble is believable...
Posted on 3/17/25 at 2:47 am to jangalang
Replacing swift and andding etf applications could easily push it over 1000. J.P. Morgan alone transfers 10 trillion daily alone. With swift transferring anywhere from 5-20 trillion a day. Depending on how it’s scaled 10000 is not impossible.
Posted on 3/17/25 at 5:19 am to lsuconnman
quote:
Anyone buying gas from Russia. They currently have a mountain a Rupees they can’t do anything with from sales to India due to their trade imbalance. Multiple stages of conversions are required for Yuan-Ruble conversions with their Chinese trade.
I dont think you understand what ripple/xrp does. It facilitates cross border payments, instantly and cheap.
It does NOT enhance, up or down, the values of the currencies being used by either party of the transaction. Nor does it correct trade imbalance between countries!
quote:
Multiple stages of conversions are required for Yuan-Ruble conversions with their Chinese trade.
This is exactly what it solves, within a few seconds. Each country has its own amount of xrp (liquidity). At the instant of transactions, the ledger of ripple knows exactly the relations of all currency being used in the exchange, swaps the appropriate amount of xrp between all parties from/to their liquidity, and converts it to the currency of the seller receiving the payment.
Posted on 3/17/25 at 5:55 am to Robcrzy
quote:
Replacing swift and andding etf applications could easily push it over 1000.
That's quite the bull case.It just seems like newbs have been gravitating to XRP since 2017 and the bull case has stayed the same the whole time.
Posted on 3/17/25 at 8:41 am to jangalang
XRP was 100% premined and the first 30,000 blocks are missing. Every btc cycle Ripple spends millions on a marketing campaign to pump the price then they feed premined tokens to rubes and n00bs to line their pockets and bankroll the next marketing campaign.
The token itself is a useless POS that zero banks are using despite claims by Larsen and Garlinghouse. It is true that a handful of banks work with Ripple Labs but this has nothing to do with the xrp token. In 2022 they gave $5M to Greenpeace to fund their laughably retarded "change the code" campaign to get btc to switch from proof of work to proof of shite.
They gave Kamala $12M when she was running and had an entire section of their website dedicated to illustrating why xrp was a great CBDC platform for totalitarian governments. They scrubbed those pages after Trump won and began giving his admin money. It's still available on archive.
They are the most disingenuous cocksuckers in the entire crypto space, a bold statement, but is backed by both past and present actions of Larsen and Garlinghouse.
TLDR: xrp is functionally equivalent to hex but geared toward people who are either 3 pts above the retarded threshold or who have spent zero effort learning about it or the grifters behind it.
The token itself is a useless POS that zero banks are using despite claims by Larsen and Garlinghouse. It is true that a handful of banks work with Ripple Labs but this has nothing to do with the xrp token. In 2022 they gave $5M to Greenpeace to fund their laughably retarded "change the code" campaign to get btc to switch from proof of work to proof of shite.
They gave Kamala $12M when she was running and had an entire section of their website dedicated to illustrating why xrp was a great CBDC platform for totalitarian governments. They scrubbed those pages after Trump won and began giving his admin money. It's still available on archive.
They are the most disingenuous cocksuckers in the entire crypto space, a bold statement, but is backed by both past and present actions of Larsen and Garlinghouse.
TLDR: xrp is functionally equivalent to hex but geared toward people who are either 3 pts above the retarded threshold or who have spent zero effort learning about it or the grifters behind it.
Posted on 3/17/25 at 8:57 am to Art Blakey
So, 10,000 soon?
Now tell us how you really feel
Posted on 3/17/25 at 9:07 am to jangalang
quote:
Now tell us how you really feel
I think I did, lol. Please don't give these cocksuckers your money. Also, re: 10,000, JFC people do some math. The circulating supply is 58 BILLION coins.
Posted on 3/17/25 at 9:54 am to Art Blakey
The argument is that xrp’s value will not be tied to its market cap but rather its adoption and utility. I have a feeling this is gonna be a fun thread to bump in a few years no matter which way it goes
Posted on 3/17/25 at 10:49 am to Art Blakey
It seems like they’re simply assuming you need security for every dollar transferring through the system. Then they divide the world’s daily transactions by total coins. And if I know crypto supporters, there’s also a healthy dose of money printer go Brrrr factored for effect.
What I can’t figure out is that this system is intended to speed transaction settlement from days to seconds, so why would anyone want/ need billions or trillions of $$ tied up in XRP considering you’ve effectively eliminated your exposure with instantaneous settlements. I thought stablecoins were supposed to be the answer to that.
What I can’t figure out is that this system is intended to speed transaction settlement from days to seconds, so why would anyone want/ need billions or trillions of $$ tied up in XRP considering you’ve effectively eliminated your exposure with instantaneous settlements. I thought stablecoins were supposed to be the answer to that.
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