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Investing Is Not Just For The Rich Anymore And Ripple XRP

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6 Comments

  1. Honestly, at what point do you stop and tell yourself that this isn't going to work?
    Are you always going to pull the "good time to accumulate now" card?
    XRP is digital asset that has billions of units. You think the rule of supply and demand does not apply to xrp?

    More XRP are held by Ripple than there are currently in circulation: 55 billion vs. 45 billion. 1 billion XRP will be released by Ripple once every 55 months, with all unused XRP returning to the escrow account at the end of each month. That means with XRP at a price of let’s say 10 USD somebody has to buy XRP for 10 billion USD each month. Who could this possibly be? The balance sheet of the federal reserve is about 4 trillion USD. Ripple the company would be worth more than 13 % of the federal reserve.

    XRP standing at about 70 USD would mean Ripple would be worth more than the federal reserve. That would be an inconceivable power for a private company. So I’m guessing that Ripple has to give away the most part of its escrow to IMF, BIS, Fed, ECB, UNO or Israel (you name it) or destroy the most of it.

    The release of 1 billion XRP per month means an inflation rate of more than 2% per month or about 25% per year. That’s even more than that of the USD.
    There is no information about to whom Ripple sells this 1 billion XRP and at which price, there’s a lack of transparency.

    A significant price increase of XRP (in relation to BTC) is not to be expected before the escrow is empty, let’s say in about 5 years. Until then XRP is likely to underperform BTC. Sudden spikes in price like that end of 2017 (induced by not well informed speculators) should be used to switch to BTC.

    I also would like to know why countries like China, Russia, Iran or Venezuela should use a crypto currency of a company located in the US. The jurisdiction of the US is not considered to be predictable anymore.

    I’m fully aware of the ILP advantages. Ripple is trying to replace SWIFT, which transacts about 6 trillion USD – each day. But that does not mean that XRP has to increase beyond reason. You as an owner of XRP are not participating in the success as Ripple the company.

    Remain reasonable and don’t forget the supply side of the price equation.

  2. @Digital Asset Investor I will go on a limb here and say XRP took a big hit today 1) Following BTC trends 2) 50-70% of India's banks signed onto Ripple meaning a lot of OTC 3) The news on the Fed Reserve chairman saying that 2020 will not be the year faster payments are implemented (which in my opinion may have caused people to pull out). Regardless, another day means another XRP, and we should all be making our bags a little heavier today.

  3. Hello all. I couldn’t help myself and put more of my superannuation into XRP giving me a total of 110,000 XRP. I’m in Australia so the cost here at the moment is 50cents. What sort of percentage would that put me in in the total of Holders ?. My wife is cursing me but I have faith in XRP.
    ITs sad when you see coins with no real future go up 20 to 50%. I struggle to understand what’s the attraction as their write up is identical to a lot of others. Is it pump and dumps. Good luck to all who are holding.

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