Potential Threat to XRP

[Crypto Bull]

It is difficult for XRP to reach $5 or $10 prices due to infinite supply.

Isn't the supply of XRP capped at 100 billion? Still a large number, but not infinite.

XRP holders have been delusional from the start, and there are so many holders that their echo chamber carries sort feeling of legitimacy, even if their ideas are delusional.

They definitely are, and this is coming from an XRP holder. I've seen price predictions as absurd as "1 million usd" per XRP by "2030", although most crazy predictions don't exceed $50K by that date, LOL.

When I remind these people that market cap will preclude this outcome, they reflexively claim that "market cap doesn't matter in crypto". They say market cap is only the last price paid for XRP multiplied by the circulating supply. It doesn't mean that all the coins have been purchased at that price.

No, but it does mean that, in light of the massive supply of XRP, there likely won't be a shortage. So, this will act as a headwind on its price. The laws of supply and demand apply to every financial asset, including cryptocurrency.

[JeromeTash]

If XRP doesn't have any advantages over SWIFT Go, then how is it going to take market share away from it, and how are the bag holders going to become millionaires and billionaires?

By shilling to the newbies that do not have any much knowledge about crypto that XRP will be the future of crypto, that it will be the number one crypto coin etc. That's how. And when the newbies buy the coins due to FOMO making the price to rise, that's when the bag holders dump into them. Don't tell me you don't know how most crypto market of shitcoins millionaires/billionaires are made or work.

[Hypnosis00]

If XRP doesn't have any advantages over SWIFT Go, then how is it going to take market share away from it, and how are the bag holders going to become millionaires and billionaires?

By shilling to the newbies that do not have any much knowledge about crypto that XRP will be the future of crypto, that it will be the number one crypto coin etc. That's how. And when the newbies buy the coins due to FOMO making the price to rise, that's when the bag holders dump into them. Don't tell me you don't know how most crypto market of shitcoins millionaires/billionaires are made or work.

It is about telling the people around that competition comes and becomes tough. XRP has been here for so long and carried some issues but still survive. Meaning, XRP supporters had never given up and they continue supporting this project because honestly, we use to benefit from the cheap cost of transaction fees that we never experience in other projects. The goal of XRP is not to be the number one least, they also have the reason why still keeping alive and doing their job. So let this FOMO grow, we choose the right coin instead.

[Huppercase]

Why do XRP proponents keep claiming that it's going to replace SWIFT for international transfers?

Do they think SWIFT is just going to sit idly by, while they watch another company steal their market share and run them out of business??

No. That's why they recently introduced "SWIFT Go", which can settle international transfers "quickly". How "quickly" is anyone's guess, but it might be fast enough to put up some stiff competition against XRP, making it an uphill battle for it to gain adoption, especially since the whole world already uses SWIFT, and banks will be reluctant to change.


https://www.swift.com/swift-go/en/what/

https://www.finextra.com/blogposting/23715/what-is-swift-go-and-why-is-it-so-innovative


Being an XRP holder myself since 2017, I'm concerned about this. Why does it seem that no one else is? Have they even heard of SWIFT Go?

Please enlighten me, if I'm missing something.

If you have been in crypto since 2017, then you should know that XRP replacing swift is synonymous to BTC trying to replace the banks and banking the unbanks, these were what people were using to defend bitcoin and the traditonal finances back then before the adoption changes and the institutional investors stepped into the game and now the picture is even clear than the way it was because then, it was one of the selling point to get people into liking bitcoin and also to motivates the holders. Perhaps XRP need to rebrand to improve the road map and make the project get more exposure and even the SEC hunting will reduce the negetive aspect of them.

In addition, if you have been a holder since 2017, I assume you are at lost up till now, if you have sold them and cut your loss and buy another coin from 2019 to now, you will by now be in a good profits or would have sold and left with your profits. Instead of waiting forever, why not restrategized and try that in prior to the next bull run or just diversify your portfolio instead depending on only XRP.

[shinratensei_]

competition is fine, but honestly, but this isn't gonna bring doom towards XRP honestly, I think you are taking things seriously with the competition meanwhile both are entirely different thing, because simply put XRP is a cryptocurrency which gonna give ease of access for crypto holders, the one with asset in fiat in their bank accounts could use the swift go, i don't think anyone holding the coin should really sweat over it seriously.
as many have mentioned its just gonna like btc and fiat money i believe, both just gonna exists and give people chance to choose what will be perfect match for their needs.
so my point being, it wouldn't be as bad as you pictured it out to be.

[Blitzboy]

Why do XRP proponents keep claiming that it's going to replace SWIFT for international transfers?

Do they think SWIFT is just going to sit idly by, while they watch another company steal their market share and run them out of business??

No. That's why they recently introduced "SWIFT Go", which can settle international transfers "quickly". How "quickly" is anyone's guess, but it might be fast enough to put up some stiff competition against XRP, making it an uphill battle for it to gain adoption, especially since the whole world already uses SWIFT, and banks will be reluctant to change.


https://www.swift.com/swift-go/en/what/

https://www.finextra.com/blogposting/23715/what-is-swift-go-and-why-is-it-so-innovative


Being an XRP holder myself since 2017, I'm concerned about this. Why does it seem that no one else is? Have they even heard of SWIFT Go?

Please enlighten me, if I'm missing something.

If you have been in crypto since 2017, then you should know that XRP replacing swift is synonymous to BTC trying to replace the banks and banking the unbanks, these were what people were using to defend bitcoin and the traditonal finances back then before the adoption changes and the institutional investors stepped into the game and now the picture is even clear than the way it was because then, it was one of the selling point to get people into liking bitcoin and also to motivates the holders. Perhaps XRP need to rebrand to improve the road map and make the project get more exposure and even the SEC hunting will reduce the negetive aspect of them.

In addition, if you have been a holder since 2017, I assume you are at lost up till now, if you have sold them and cut your loss and buy another coin from 2019 to now, you will by now be in a good profits or would have sold and left with your profits. Instead of waiting forever, why not restrategized and try that in prior to the next bull run or just diversify your portfolio instead depending on only XRP.

XRP, SWIFT, and BTC might replace banks and other things, right? Like the internet supplanted letters. I get your point. It's like corporations with large money change the rules. A reason to buy BTC? I recall. Everyone was claiming "BTC is the future" and "traditional finance is so yesterday." How about XRP? I completely understand. Should they try something else? A new name? Like when stores redesign to attract customers. That SEC thing seems boring. Bad vibrations all around. Lets conclude with their 2017 holding. You should reconsider if you're in the red. Try some other flashy coins? Bet on everything. Not everything in one basket, right? Thanks for the advice.

[yazher]

You should be glad that Ripplenet is already in a position to directly compete against a widely known payment system. I don't think it can surpass their market share but it's more than good enough that they continue to expand by partnering with more financial institutions. Swift Go may be innovative and may increase their user base but people still prefer having other options.

Yeah! As long as their doing their job to promote and develop their platforms to the point that they are not left behind by their competitors, when it comes to competitions in the market, XRP is doing great job to stay at the top despite of their recent trouble with SEC and to makes things bright they are so far doing great job because they managed to survived all of that.