I’ve got a lot of eggs in the XRP basket and I don’t know if that’s really the move or I should convert it to BTC…
Discussion
Why do you own each? What problems are they trying to solve?
Speed of global banking… they are working to replace SWIFT and if that happens it would easily go to $20-100 per xrp. Right now it’s at $3.60. I’m in at $2.00.
The part I like the is the huge upside, it’s getting adopted pretty quick and I don’t see any other ways to potentially 50x my dollars…
I’ve heard this narrative that they’ve spent millions of dollars advertising but I’ve literally seen no evidence it’s happening anywhere, not a single contract or announcement. Also, even if they were to use the token, why would that affect the price? You can transmit arbitrary quantities of assets with de minimus token units. But, if what they are saying is it’s going to be the global reserve final settlement asset, then that’s just never going to happen because why would the global set of sovereigns outsource the control of their assets to the a private entity? This also makes no sense. Last I checked XRP Army doesn’t actually have any weapons which is the only reason the US has maintained its centralized control over final settlement. If I’m wrong, and there is some evidence that XRP is actually establishing these global rails they’ve been touting for a long time, I’d be happy to see it if you can share.
Do you think stablecoins with genius act will play a roll on that?
I was in at $0.30 in 2022 and out by $2.
You're holding my bag now, hoping for a number that is probably incredibly unrealistic.
You're in a good profit. Don't get greedy, balance your risk. Even 2-300% from this level is insane. There are assets that haven't really moved yet that would net much better gains.
Bitcoin already replaced SWIFT. This is bad marketing about solving something Bitcoin did 16 years ago. This is a competition for money, and people will choose the hardest (most scarce) money. It’s that simple. Don’t overthink it.
I don't gamble often, but when I do, I put a hard limit on my gambling budget, an amount that I'm OK spending for this entertainment. For a poker night it would be an equivalent of one or two movie tickets, tops.
I used to hope that some tokens would 50x my fiat. That was nerve wrecking and addictive. Like not leaving a casino day and night, giving all my energy to it.
Since I realised, thanks to some bitcoin maxis, that saving in bitcoin is life changing, not easy or quick, but it's the safest bet by far, I converted all the tokens to BTC.
I needed to accept the reality: some people win at lottery, some people get to discover and understand something early enough to get very reach relatively quick... but I'm not them. Hoping otherwise was delusional.
Since then I put all my savings into bitcoin. I was buying the dips and the all time highs and everything in between.
The early gains of bitcoin happened because of it's unique properties and the first mover advantage. Every token that tries to mimic this, is a greed driven venture.
Greed. Greed. Greed.
I want more than my share.
I want to show off.
I want to win.
I understood that using bitcoin to save my energy makes me feel safe and at ease, because it can't be taken from me by:
the government,
the bank,
a change of the rules,
inflation.
Or, to be more precise, it's orders of magnitude less likely to happen than with fiat or tokens.
And we are early, so there is a lot of upside still. The real upside. In gold terms. In houses. In steaks. Measuring it in dollars is misleading. In gold or houses also, but less.
The new system for global settlement was released January 3, 2009.
You may have heard of it.
It’s fomo both ways. Which will make you sleep better at night? Crystallizing gains in btc? Or gambling with xrp.
I once held xrp in 2017. I rode it all the way to $3 and all the way back to .25 cause I thought it was going to $100. Coulda been a lot more bitcoin.
And I have no idea about swift etc that they always talk about. But where we’re going, will we even beef usd banks?
In a nice way, drop your opinions for my friend nick
nostr:nevent1qqsf873mhe30nusjmft0dc4m08gr4dvxwmsgfqzd23vq7y45mdzqa9cweaeef
Bro just sell that shit, thank God you didn’t lose all your money and buy bitcoin. Is the most easy decision ever.
Remember we are the same ones that told you to put all of your savings around 40k.
The problem with XRP, in my opinion, is that a for-profit company owns it. As nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr once put it: Ripple never bought XRP, they are only selling it.
There’s not such things as “diversifying”. Everything except from bitcoin is a scam.
EVERYTHING INCLUDING ETH,SOL, and every shitcoin.
Convert it to BTC. This is a no brainer. It’s the hardest and soundest money ever.
I used to have XRP. Diversified and waiting for that one to hit big. After reading Digital Gold, The Price of Tomorrow, The Bitcoin Standard and The Fiat Standard, I shut my scrypt miners down and converted everything, including XRP, to BTC, figured out how to self custody and have never looked back. Not that I have a lot, but I could have had a lot more if I read those books years ago.
Everybody gets BTC at the price they deserve.
What’s the last phrase mean?
It is a commonly used phrase in the BTC community.
BTC has proved to be the best. There have been loud critics that convert from critic to advocate as they progress through their understanding of BTC. It will never be as cheap as when they were a critic. So they pay a higher price for SATs when they become an advocate. Turning the corner from critic to advocate usually comes with studying and understanding what makes it special. So until a person puts on the time to study it the more expensive SATs will be when eventually turn that corner. Hence everybody gets BTC at the price they deserve.
I hope this helps.
It does! Thank you 🙏
Bitcoin is the antithesis of fiat currency. Every other "coin" falls somewhere in between.
If you want to oppose fiat currency, invest in the original: Bitcoin.
If you want to benefit from fiat, use fiat instead of its less secure, less established, and less effective derivatives, aka. shitcoins.
Don't take half measures. Go all in either way.
Lots of great resources here for you to explore:
Trust your gut. That nagging feeling you have in the back of your mind about XRP is there for a reason. Test the waters and get a little Bitcoin each month. You’ll feel the difference as you stack. Think of Bitcoin as the ultimate savings account and protect your time, energy and purchasing power. Stack, Hold and repeat. It’s simple but super effective with the right level of patience. For even greater peace of mind eventually research Bitcoin self custody too.
You can't buy nothing with xrp. No one will take it for a house or anything. Maybe but shoot not guaranteed. Bitcoin now everyone will take Bitcoin.
XRP IS A DUMPSTER FIRE 🗑️🔥 THEY DONT EVEN HAVE A COMPLETE LEDGER 📒 MISSING INFORMATION LIKE THAT IS SKETCHY ALONG WITH HAVING AN OWNER IS A NO NO HOPEFULLY YOU DITCH THAT FALTY POOP COIN AND COME TO TRUE VALUE AND FREEDOM
THE PEOPLE'S MONEY..
Unless you are certain of the back-end and understand the code of XRP, on which it’s verifiable quality could be based, you should consider it as untrustworthy as anything else in the finance universe.
The “greater fool theory” has been with us since time memoriam and I’m not sure it’s going away any time soon…
Good luck with your investments anyhow! 🤙🏽
Ripple Labs still holds about 46% of all XRP.