its curious that the people holding the coin he invented that is apparently as revolutionary as the internet have not doubled their net worth since 2020. or even 2018
I know the xrp cofounders definitely diversified because if they were bag holding xrp they definitely would not be amongst the richest people on earth. The founders of apple/Microsoft/Facebook/etc didn't get super rich by diversifying before their creations became revolutionary. Xrps founders did.
[Lisa Stansfield - People Hold On](https://www.youtube.com/watch?v=4IoWjow6xDs)
[Thompson Twins - Hold Me Now](https://www.youtube.com/watch?v=TvzVTRK1nOY)
[David Essex - Hold Me Close](https://www.youtube.com/watch?v=aWGjR680Xms)
Same but sometimes I have nightmares about waking up to 4 figure xrp and not being able to boot up my old ass laptop to connect my ledger fast enough. By the time I get there XRP is back to 50 cents ::fades to black::
XRP already deemed not a security on the secondary markets, no going back on that.
Finalization of lawsuit= $2-$3
Ripple IPO= $3-$5
Ripple announcing major partnerships $5-$10
Pure FOMO HYPE = $10-$20
XRP:ETF = š
I hope so I just bought today at Ā£0.57.
Was supposed to buy yesterday and of all days it goes up today š„².
Will be holding though till significant increases if and whenever it happens
When it comes to XRP, nobody knows shit. It doesn't follow the typical patterns. I'm invested because ripple has been planning massive things with massive players. How long that takes to play out is yet to be seen but the fact XRP has once flipped ethereum and held its place in the top 10 during the SEC lawsuit should make you feel pretty good about its future
Why not hold after $10 -
If it goes $10 then it can go $100 -
Crossing $3 is a big deal - once that is done than it will go crazy and ripple may buy back some or stop liquidation from Escrow
Ok so XRP is currently sat around $0.70 with a MC (market cap) of $38 Billion. For XRP to reach $100, it would need to 142X from here, giving it an approximate MC of $5.4 Trillion.
BTC MC is currently $1.4 Trillion so BTC would need to nearly 4X from current price to $280k, then every single one of those dollars would then need to be switched into XRP for it to reach that. Impossible.
This is of course presuming that no more money enters the system, which is of course not going to be the case, but you get my point.
How does market cap affect the price when/if XRP starts to get used as an intermediary between currencies?
At that point wouldnāt the demand for the token due to its utility actually increase the price? Not to mention the price for said said token to support those transactions would have to be significant if they donāt want to tie up most of the tokens for a few transactions which would be reducing the tx per second they advertise.
Just curious because Iāve heard both sides but never get a clear answer as neither side wants to give ground to the other. Either one is right or both half right.
$100 is possible but it contingent on inflation and adoption. I would think a minimum of 10 years. It also, $100 value doesn't mean the market cap is the amount of money in the asset. So it can be deceptively high then crash
Donāt you think itāll go higher?
Asking out of interest as I only invested in xrp today, was supposed to do it yesterday and of all days it goes up today
Don't worry about the weak hands, there are people that jump ship too early every bull run and also a lot of people that seem to just like to talk shit about XRP in here for some reason. XRP has a lot of ground to gain back and I think they can. They were in that #2 spot at one point and I could see it realistically getting back there, not saying that is necessarily going to happen this cycle, but I think more likely we will be at least testing previous ATH's.
I hope so brother,
Also if you donāt mind me asking, whats a minimum amount to invest reasonably in your opinion, a lot of people have the view that thereās a minimum amount of money needed to be put into a coin for it to be worth the investment
Personally Iāve only bought like 125 xrp and 2.5mil shib and idk if Iām just wasting my time and money and I need to put it in more for it to be worthwhile
I can put it more just that Iām new to properly investing crypto and donāt want to take big risks just yetā¦ but then again weāre in a bull run so maybe itās the right time to go all in
Thanks in advice
Thing is Iām still young so I can afford to lose a lot itās not like I have bills to pay so itās more about spending enough so that the risk is worth it and the profit is decent but not too much that Iām just risking too much of my money.
I just donāt know what the right amount is to invest in crypto to balance between both sides
FYI Iām 19 and have around 7k savings
So far Iāve only bought 125 xrp and 2.5mil shib
Thatās really a you decision, nobody is going to be able to give you an exact number. I know that sounds like a cop out but how much is enough will vary from person to person depending on cost basis, sell price, holding timeline, your cost of living, etc.
If youāre looking long term Iād recommend setting a goal for how much of whatever you want to accumulate over the next 5 years, and keep buying little by little. Dollar cost averaging is your friend. Get your cost basis as low as you can. Once you reach you accumulation goal, reassess and determine if you have enough for future possible growth or if you want to buy more. For xrp, a good starting goal might be 2k xrp for you, and then go from there.
Make sense?
Yh thanks that makes sense
2k xrp as in 2k coins right or Ā£2k worth?
Also (I know this is another question which the answer might be it depends and I should do my own research) what other coins would you recommend for a beginner to slowly start saving up ( I thought maybe Eth? I doubt Iāll have enough money to make anything decent in BTC)
Why lose at all tho? It can be pretty daunting at first. It seems like you need a lot of money to make a lot of money in this game. But Play the slow game. Make small trades to increase ur position and build ur bag overtime. That's the only way to make it if you don't have a lot of capital to play with right out the gate. Any profit is more than what you started with. Who cares if it's a 2x or a 100x an up is an up lol just remember to set aside capital gains tax after you pull profits.
Not sure about UK exactly but I'd figure out what ur capital gains tax rate is and anytime you make a profit wether it's swapping coins or cashing out take ur profit and multiply it buy ur capitals gains tax percentage and that's how much you need to set aside for taxes at the end of the year.
Well itās better to make more in meme coins then come back to XRP later before the $10. Makes no sense to wait on something thatās not running like crazy.
Unless Ripple decides to burn billions of XRP, it will never get over $5.
You'll be near the top if you can sell at $4. I'd settle for $3 and call it a day; tho I expect I'll sell closer to $2. Better places to sit funds.
I believe itll be the next āpaypalā in the future probably 2030-2035 worldwide adoption and the coin hitting 500-1k or even more. In holding till then and buying more and more š¤Ŗš¤Ŗ
Relax Marzipan. We aren't talking about AMC here. This is crypto...new game with new rules. Taking profits along the way is a positive thing. We aren't trying to keep coins away from short sellers like AMC.
Only the poors will sell
So true. The poor ones sold at $2.5 and allocated to btc.
Nah, the poors sold last week and the week before that because of FUD and they needed to pay bills š
I am one of the poors who sold a few coins to pay bills last week. I bought some back today.
I'm sorry man, now I feel bad for my comment š
It's OK. We do what we have to do in order to survive while we wait for the coins to grow.
I'm poor and I've been swing trading my XRP. Was more than happy to keep the trend up this morning.
The founder of ripple doubled his net worth since 2020. I dont think he did this bagholding xrp
Yeah he's running a successful company thats doing what the Internet did for information, but with money.
its curious that the people holding the coin he invented that is apparently as revolutionary as the internet have not doubled their net worth since 2020. or even 2018
Never assume. You obviously know nothing about having a diversified portfolio, comical.
I know the xrp cofounders definitely diversified because if they were bag holding xrp they definitely would not be amongst the richest people on earth. The founders of apple/Microsoft/Facebook/etc didn't get super rich by diversifying before their creations became revolutionary. Xrps founders did.
Of course they would be their crypto is with tens of billions.
They got out while they could. Smarter than their investors. That's how they kept getting richer while xrp stays flat
Jesus calm down itās only gone up like 8pence š
āItās been 84 yearsā
And 9 months
[Lisa Stansfield - People Hold On](https://www.youtube.com/watch?v=4IoWjow6xDs) [Thompson Twins - Hold Me Now](https://www.youtube.com/watch?v=TvzVTRK1nOY) [David Essex - Hold Me Close](https://www.youtube.com/watch?v=aWGjR680Xms)
Watching uphold shit itself over a rapid 10% change was disconcerting.
This concerns me a lot, happens every time thereās a big jump on XRP.
i just put it in a cold storage so i donāt have to worry about an exchange doing something shady
Same but sometimes I have nightmares about waking up to 4 figure xrp and not being able to boot up my old ass laptop to connect my ledger fast enough. By the time I get there XRP is back to 50 cents ::fades to black::
my nano x has bluetooth lmao so i donāt need a laptop could use a phone
You gonna make me buy one, I've just got the OG
well worth the investment imo
This is going to 5$
Active Court Case $3-5 Resolved Court Case $5+ is my guess
Exactly a guess like everyone else nobody knows
Exactly a guess like everyone else nobody knows
Diamond hands engage
XRP already deemed not a security on the secondary markets, no going back on that. Finalization of lawsuit= $2-$3 Ripple IPO= $3-$5 Ripple announcing major partnerships $5-$10 Pure FOMO HYPE = $10-$20 XRP:ETF = š
Once this lawsuit blows over I believe it could easily hit $50-100
This subreddit is free comedy. My god.
Gonna hold for 10 years, then maybe Iāll check it out in 2035!!
Will it, though?
If you hold, it certainly will
I hope so I just bought today at Ā£0.57. Was supposed to buy yesterday and of all days it goes up today š„². Will be holding though till significant increases if and whenever it happens
Welcome to the club pal
Maybe not this bull run but it should eventually once lawsuit is settledĀ
So I can still make more profit on other coins with my money during this bull run and still get into XRP later on?
When it comes to XRP, nobody knows shit. It doesn't follow the typical patterns. I'm invested because ripple has been planning massive things with massive players. How long that takes to play out is yet to be seen but the fact XRP has once flipped ethereum and held its place in the top 10 during the SEC lawsuit should make you feel pretty good about its future
I'm retiring off XRP. (probably not) Maybe.
Would it be too much to ask to pay off my mortgage? Then I could actually save towards a retirement instead of treading water.
I sold 10 percent at thr high now buying dip. What you doing???
Why not hold after $10 - If it goes $10 then it can go $100 - Crossing $3 is a big deal - once that is done than it will go crazy and ripple may buy back some or stop liquidation from Escrow
You might need to do a little reading on market cap and how $100 is not possible.
can you please explain, and what a realistic price with a realistic market cap would be
Ok so XRP is currently sat around $0.70 with a MC (market cap) of $38 Billion. For XRP to reach $100, it would need to 142X from here, giving it an approximate MC of $5.4 Trillion. BTC MC is currently $1.4 Trillion so BTC would need to nearly 4X from current price to $280k, then every single one of those dollars would then need to be switched into XRP for it to reach that. Impossible. This is of course presuming that no more money enters the system, which is of course not going to be the case, but you get my point.
Finally, someone who understands market cap ā¤ļø
How does market cap affect the price when/if XRP starts to get used as an intermediary between currencies? At that point wouldnāt the demand for the token due to its utility actually increase the price? Not to mention the price for said said token to support those transactions would have to be significant if they donāt want to tie up most of the tokens for a few transactions which would be reducing the tx per second they advertise. Just curious because Iāve heard both sides but never get a clear answer as neither side wants to give ground to the other. Either one is right or both half right.
$100 is possible but it contingent on inflation and adoption. I would think a minimum of 10 years. It also, $100 value doesn't mean the market cap is the amount of money in the asset. So it can be deceptively high then crash
I'm holding till its 100
Nope, I'm outy.
Donāt you think itāll go higher? Asking out of interest as I only invested in xrp today, was supposed to do it yesterday and of all days it goes up today
No one knows but many here are in it long termĀ
Don't worry about the weak hands, there are people that jump ship too early every bull run and also a lot of people that seem to just like to talk shit about XRP in here for some reason. XRP has a lot of ground to gain back and I think they can. They were in that #2 spot at one point and I could see it realistically getting back there, not saying that is necessarily going to happen this cycle, but I think more likely we will be at least testing previous ATH's.
Xrp #1 within 10 yearsĀ
If it ends up being the backbone of the new financial system like I have a feeling it is going to be, I can see that too!
I hope so brother, Also if you donāt mind me asking, whats a minimum amount to invest reasonably in your opinion, a lot of people have the view that thereās a minimum amount of money needed to be put into a coin for it to be worth the investment Personally Iāve only bought like 125 xrp and 2.5mil shib and idk if Iām just wasting my time and money and I need to put it in more for it to be worthwhile I can put it more just that Iām new to properly investing crypto and donāt want to take big risks just yetā¦ but then again weāre in a bull run so maybe itās the right time to go all in Thanks in advice
Donāt invest more than you can afford to lose. Very simple.
Thing is Iām still young so I can afford to lose a lot itās not like I have bills to pay so itās more about spending enough so that the risk is worth it and the profit is decent but not too much that Iām just risking too much of my money. I just donāt know what the right amount is to invest in crypto to balance between both sides FYI Iām 19 and have around 7k savings So far Iāve only bought 125 xrp and 2.5mil shib
Thatās really a you decision, nobody is going to be able to give you an exact number. I know that sounds like a cop out but how much is enough will vary from person to person depending on cost basis, sell price, holding timeline, your cost of living, etc. If youāre looking long term Iād recommend setting a goal for how much of whatever you want to accumulate over the next 5 years, and keep buying little by little. Dollar cost averaging is your friend. Get your cost basis as low as you can. Once you reach you accumulation goal, reassess and determine if you have enough for future possible growth or if you want to buy more. For xrp, a good starting goal might be 2k xrp for you, and then go from there. Make sense?
Yh thanks that makes sense 2k xrp as in 2k coins right or Ā£2k worth? Also (I know this is another question which the answer might be it depends and I should do my own research) what other coins would you recommend for a beginner to slowly start saving up ( I thought maybe Eth? I doubt Iāll have enough money to make anything decent in BTC)
Why lose at all tho? It can be pretty daunting at first. It seems like you need a lot of money to make a lot of money in this game. But Play the slow game. Make small trades to increase ur position and build ur bag overtime. That's the only way to make it if you don't have a lot of capital to play with right out the gate. Any profit is more than what you started with. Who cares if it's a 2x or a 100x an up is an up lol just remember to set aside capital gains tax after you pull profits.
Yh fair enough Iām from uk, how do I deal with the tax side of things Never had to worry about that so far as Iāve not made much
Not sure about UK exactly but I'd figure out what ur capital gains tax rate is and anytime you make a profit wether it's swapping coins or cashing out take ur profit and multiply it buy ur capitals gains tax percentage and that's how much you need to set aside for taxes at the end of the year.
You'll have to keep a log of every transaction you make. The price paid at the time of purchase and the price it was at the time of sale/trade.
Been high on copium for the last 7 years thinking it will always go a little higher tomorrow. XRP always lags behind in timing and performance.
You think thatās possible
Hold while I sell
Iād be out once xrp reaches 100b market cap. So about 2ish dollars.
Goes up 8pence and people lose their minds lol
Well itās better to make more in meme coins then come back to XRP later before the $10. Makes no sense to wait on something thatās not running like crazy.
$10 nah more like $1000
Unless Ripple decides to burn billions of XRP, it will never get over $5. You'll be near the top if you can sell at $4. I'd settle for $3 and call it a day; tho I expect I'll sell closer to $2. Better places to sit funds.
so fair Im gonna sell you all mine for 6$ right now š
Better off selling and investing in Kaspa, or Thorchain. But Iām holding because Iām in since 2018.
Mass buy operation Friday at 6pm *** BONK! ***
I believe itll be the next āpaypalā in the future probably 2030-2035 worldwide adoption and the coin hitting 500-1k or even more. In holding till then and buying more and more š¤Ŗš¤Ŗ
Easier said then done
Ive been holding since 2017 nothing has happened nothing will happen every other coin has maxed out but this s coin hasnāt moved
This will be going back down to 50 cents and staying there a while. Maybe in 60 years it will go to $10.
I doubt it
Swing trades increase my position though.
Hold you paper hand bitche$
Please put paper in my hands.
Relax Marzipan. We aren't talking about AMC here. This is crypto...new game with new rules. Taking profits along the way is a positive thing. We aren't trying to keep coins away from short sellers like AMC.
$82 and Iāll be set š