I certainly understand the hope of big percentage profits investing in crypto other than Bitcoin & maybe, Etherium, but putting all your money into something, anything really, is risky. If there's a limited market & visibility, things can happen. Why is SUI a good thing? I'm not familiar. I've got just two cryptos... Bitcoin and XRP.. XRP because my kid forced me.. I'm hoping he's right on his analysis. Again, why SUI?
Discussion
Your kid was lied too
Could be... Caveat emptor and all that stuff applies for sure!
SUI is just another fancier Solana, which is a fancier Etherium, which is still not hard money. Mostly narrative, little substance.
Your kid is wrong on his analysis. Trade that XRP for sats.
I do have questions about XRP still, as to why a product of another company will trade independent of the company?
That is a good question to ask.
At the base of it, asking "what is the value here?"
If XRP has such a good ledger, why would companies/banks/individuals choose to use it over one that is truly decentralized and permission-less? I'm not sure how they make a better case to be used as a value transfer mechanism over Bitcoin. It seems to me that it will continue to trend down over time in BTC terms.