WARNING: NOT FINANCIAL ADVICE.
This is my take on XRP:
Ripple as a company will flourish and take over the global financial system of the world, whether you hate it or don't wanna accept it or call it a scam. There are major players behind it. People who control your money. If you think the new global payment system will be totally decentralized. Stop your fantasy, start living the reality.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" - Mayer Amschel Rothschild
For Ripple's plan to succeed it needs to get rid of retail investors. Why?
To get significant control of their native currency, XRP. Wait, isn't XRP decentralized? Not really!
SEC's timing to sue Ripple is just odd; there has to be some ulterior motive or it's my bias. Under Biden Ripple will get regulatory clarity for sure. The new SEC chair is pro-crypto. Once Ripple gets regulatory clarity. Boom! It's only the moon. Nah! You are wrong again. It needs more than that. Only time will tell.
The second reason, XRP can not act like other decentralized cryptos like Bitcoin or Ethereum where value is driven by only people's sentiment and perceived value (I still love BTC and ETH though). If BTC is the new gold; ETH is the new Google. XRP has utility, unlike BTC. Its value should be driven by global financial adoption and utility; not your sentiment. Ripple doesn't care about your sentiment. All XRP enthusiasts take it as a red pill: Ripple doesn't care about your sentiment. Period.
How long can it take for Ripple to succeed?
The global reset just started. So it will be soon.
I am holding XRP for the long term, 5 years. Yes, I am still accumulating for the long term and trade every day in the short term as I only care about profits.
I invested in Ripple as a company. XRP will only moon if Ripple as a company succeeds. Let's see how it unfolds. There will be a time in the future when XRP haters would love to have a piece of it.
This is my take on XRP:
Ripple as a company will flourish and take over the global financial system of the world, whether you hate it or don't wanna accept it or call it a scam. There are major players behind it. People who control your money. If you think the new global payment system will be totally decentralized. Stop your fantasy, start living the reality.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" - Mayer Amschel Rothschild
For Ripple's plan to succeed it needs to get rid of retail investors. Why?
To get significant control of their native currency, XRP. Wait, isn't XRP decentralized? Not really!
SEC's timing to sue Ripple is just odd; there has to be some ulterior motive or it's my bias. Under Biden Ripple will get regulatory clarity for sure. The new SEC chair is pro-crypto. Once Ripple gets regulatory clarity. Boom! It's only the moon. Nah! You are wrong again. It needs more than that. Only time will tell.
The second reason, XRP can not act like other decentralized cryptos like Bitcoin or Ethereum where value is driven by only people's sentiment and perceived value (I still love BTC and ETH though). If BTC is the new gold; ETH is the new Google. XRP has utility, unlike BTC. Its value should be driven by global financial adoption and utility; not your sentiment. Ripple doesn't care about your sentiment. All XRP enthusiasts take it as a red pill: Ripple doesn't care about your sentiment. Period.
How long can it take for Ripple to succeed?
The global reset just started. So it will be soon.
I am holding XRP for the long term, 5 years. Yes, I am still accumulating for the long term and trade every day in the short term as I only care about profits.
I invested in Ripple as a company. XRP will only moon if Ripple as a company succeeds. Let's see how it unfolds. There will be a time in the future when XRP haters would love to have a piece of it.
