Thanks (kinda) to the GME hysteria, and the Pump n Dump which caught alot of noobs out, alot of new skin is in XRP
I know alot of you guys lost- and Im in the same boat. Ive been an XRP investor for a while
Ive watched my 9k investment go from 7k down to Evens to 5k up to 4k down again.
And that was just yesterday.
But here is what ANY XRP pro should be able to tell you...
Even at the current price- even at $1 this XRP shit is CRIMINALLY UNDERVALUED.
I will try and explain below in layman's terms so don't crucify me if you're a super pedantic mofo- Im trying to simplify it for the noobs
If you're new to the crypto space you need to understand this about XRP:
-XRP is the fastest blockchain technology on the planet capable of handling the ENTIRE WORLD CURRENCY and makes transactions at ridiculous light speed, you can settle a million dollar transfer in seconds for like almost zero fees
-the XRP ledger and token is being adopted worldwide as an alternative to the SWIFT banking system which is slow and expensive.
- Its only a matter of time before the SEC issue is laid to rest and some big partnerships will be announced. Deals have already been made.
- If just one major bank adopted the ledger tech, there would be enough influx of cash to skyrocket the XRP price in minutes. Like- instantly. Imagine if a major bank injects a few hondo billion in.
- Once the SEC issue is cleared up, the big banks and IMF will openly adopt or encourage ripple technology, specifically the ledger, with the intention that the XRP token acts as the bridge currency. XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
- So you think this is all just futuristic TRON shit? Well, lemme tell you about the Ripple system.- Right now- EVERY SINGLE MAJOR BANK in Australia is on the Ripple network.
- Th Ripple Team are connected with everyone from the IMF to the EU. Their board members include super high profile SEC bosses and their legal team is as good as it gets on the planet.
- At a time where Green friendly eco solutions are needed, the XRP network uses minimal energy, compared to BitCoin. It beats bitcoin in every realm (see image below) its faster, with 4 sec transactions compared to an hour plus for bitcoin.
Now lemme tell you about the history of prices so you have some idea- and I will try to simplify it.
If the numbers are not exact, I apologise- but theyre close enough to give an indication as to the volatility and potential ok
All time High is $3.84 so its got a long way to go from 40 cents now and lets remember bitcoin has gone nuts to all time highs , so has ethereum. they have both hit all time highs not seen since 2017/2018 ....and crypto currencies move in very repetitive cycles almost in order of biggest to shitcoins, and XRP is due for a big one being the Number 4 crypto, but she is always the last one to run in a bull run,.so it is sill coming....
So if we assume the price now is 40 cents- and we hit the all time high some time this bull run (which we should), then youre looking at a 9x return of investment if you bought at today's price.
The last year XRP went from around 15 ish cents then sat at 20 cents for a while, then with the current BULL Run she got up as high as 77 cents, she was climbing and then boom the SEC lawsuit came along which tanked the price, so thats why you saw lots of sales at 70 cents yesterday- it was lots of peeps who FOMO'd in when she was looking like mooning back in November/December last year- Cant blame them- imagine buying at 70 cents in November (i bought in at 5), and then the next day it goes to 17 cents (Yep that was me and Im still holding my 16000+ coins at a 35% loss.
So suffice to say my hands were diamond years before this GME hysteria. Why do I hold at a loss? Because I truly believe in the technology and the future of finance being distributed on blockchain networks like these.
Had that SEC shit not happened, the price was starting to look like 80 cents before shooting for that all time high, so rightfully, XRP right now should honestly be worth a dollar and thats with the uncertainty of the SEC taken into account.
This shit is not a Pump n Dump shitcoin. Sure, with the volatility you can fluke a victory here and there- but its a flip of the coin (pun intended) and you see what happens now during these bullshit pump raids- ..., It's dog eat dog.
So anyway guys, I know lots are feeling the burn- but many of you do not realize what you hold. This shit is fucking gold. Hold it.
Anyway, some good youtubers if you wanna go back and learn some stuff are Dusty BC Crypto, Bearable Bull, Scientific Investor, Kevin Cage, Moon Lambo.
Twitter look for Mr Pool, Crypto Mami, or any of the youtubers above for content.
In the meantime, if you bought in too high, take your time to buy more XRP at lower prices to lower your average-
This is the best way to minimise risk- you buy back during dips, then you will have a much lower price needed to get back in the green again. Its not hard to get your 60 down to 30 cents with a few weeks/months of buying dips.
Youre not going to see prices get much lower than 17 cents unless theres a major event, but even Im averaged out at 52 cents right now so for someone like me, I am aiming for a 35 cent average- so Im gonna buy a bunch to get that average down,
Honestly anyone that has 50 cents or less average price on their XRP is SITTING PRETTY because there is very little doubt that we are going to see All time highs again. Sure it sucks seeing that BIG RED MINUS NUMBER on the screen, but this is the way.
You dont get to ride Harleys on Mars if you dont hold on when it gets bumpy.
Anyway for long term XRP holders this info is nothing new and Ive simplified the fuck out of it, but hopefully it will encourage some new investors to go check it out- because here's a secret.... all of us longer holders of XRP know exactly how special this asset is. Ask anyone who KNOWS XRP and they will tell you.
And finally- welcome to XRP. The community is rad. That Pump and Dump shit is not what XRP is about. Not for me anyway. Just hold. Love ya. If youre hurting, just breathe, smile, and know we are going to the moon.
Cheers
Your friendly neighbourhood Alien
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