Cryptocurrency

[AtW]

“Bitcoin to $31k - bullish divergence

Updated 13 hours ago

https://www.tradingview.com/chart/BT...sh-divergence/

[Whorty]

tulip is hitting the fan as we speak…

Yeah, but what does Scooty say? Come on ATW, you know this thread only works if we have Scooty's expertise and wisdom.

[CheeseSlice]

tulip is hitting the fan as we speak…

So BTFD?

[AtW]

tulip is hitting the fan as we speak…

[Lance]

Ripple isnt traded on coinbase - where is a good place to buy it?

Wirex

[_V_]

Ripple isnt traded on coinbase - where is a good place to buy it?

You can swap it using Changelly using your Ledger hardware wallet.

https://www.ledger.com/swap-changelly

[saptastic]

Not sure how familiar you are with XRP/Ripple but points of note are:

1. Ripple is currently defending a lawsuit from the SEC who are trying to deem XRP as a security as opposed to a currency. This is suppressing the price of XRP and if Ripple win and XRP is deemed a currency that will be very very good for Ripple/XRP. When you said "XRP is a currency" I thought you might have some insider information on the lawsuit...
2. There's no notion of XRP replacing the USD, even if it did I'm sure there is more than 100 billion (max supply of XRP) USD in circulation
3. Ripple and XRP are targeting cross border payments (FX transactions) so the price predictions people are coming up with are based on 'if XRP takes [x]% of SWIFT volume it will be valued at...'
4. XRP is one of the ISO20022 cryptos which is coming into implementation pretty soon (November this year). ISO2022 is worth reading about as it's essentially money 2.0, cross border payments, CBDCs and lots of institutional/governmental implementation of blockchain tech.

Ripple isnt traded on coinbase - where is a good place to buy it?

[TheGreenBastard]

The point is a "currency" has no intrinsic value, beyond the guarantee of face value, hence $25 won't happen, I'd even argue "can't" happen. The reason for value right now is actually because it's not really a currency with utility, it's a speculative asset.

XRP will never be a SWIFT replacement whilst slippage can occur in the XX% range. To be even considered a replacement outside of proof-of-concept trades, XRP would have to be pegged, perhaps to a bucket of currencies (US Inc. wouldn't allow that), and at this point we have come full circle regarding "market cap".

[Jog On]

I'm not sure why you think that. There's no intrinsic value in "currencies".

Right now there's a circulating supply of $2.10td USD. In a hypothetical scenario of XRP becoming the currency of the US, can you argue why total value wouldn't coalesce at $2.10tn?

Not sure how familiar you are with XRP/Ripple but points of note are:

1. Ripple is currently defending a lawsuit from the SEC who are trying to deem XRP as a security as opposed to a currency. This is suppressing the price of XRP and if Ripple win and XRP is deemed a currency that will be very very good for Ripple/XRP. When you said "XRP is a currency" I thought you might have some insider information on the lawsuit...
2. There's no notion of XRP replacing the USD, even if it did I'm sure there is more than 100 billion (max supply of XRP) USD in circulation
3. Ripple and XRP are targeting cross border payments (FX transactions) so the price predictions people are coming up with are based on 'if XRP takes [x]% of SWIFT volume it will be valued at...'
4. XRP is one of the ISO20022 cryptos which is coming into implementation pretty soon (November this year). ISO2022 is worth reading about as it's essentially money 2.0, cross border payments, CBDCs and lots of institutional/governmental implementation of blockchain tech.

[TheGreenBastard]

If that gets proven XRP will moon further than $25

I'm not sure why you think that. There's no intrinsic value in "currencies".

Right now there's a circulating supply of $2.10td USD. In a hypothetical scenario of XRP becoming the currency of the US, can you argue why total value wouldn't coalesce at $2.10tn?