Some people still don't understand what they have invested their money on. They think they do but they don't.
Understand 1 thing, the More XRP available on the open market (not in escrow or private wallets) the lower the value of XRP is needed to more any amount of value. The less XRP available on the open market, most are either locked away in escrow or held in private wallets, the higher the value of XRP needs to be to move real value. If theres 100million XRP available to the system & 10billion needs to be moved, XRP cant be dirt cheap. Don't think that 100million being available is too less. Most XRP is already bought up. Most stored in wallets or escrows. Partner exchanges holding billions can choke supply by not making the full billion available to the system. Thats why they move from hot to cold wallets. I will add that yes the exchanges have cold wallets for security purposes. But can also serve as storage to choke the available supply. The horde hasnt even began buying XRP yet & its looking tight. Those who say XRP cant go to $100 or $500 have shit for brains sorry to say. Its sad that this is explained over and over yet I see people laughing at others for suggesting $100 XRP is coming. Rather than make a fool of yourselves by bragging about your ignorance, rather try and understand what you poured your life savings in to. Its not difficult.. Another thing, stop worrying about the escrow. Ripple are not going to dump all 100billion XRP on the market. 50billionXRP +- will be released over centuries based on the needs for economic expansion. With higher value XRP only a small % of the monthly billion will be released. Take advantage of the current price of XRP. This OTC selling was a blessing to smart retail investors. Not idiots who think XRP is limited to market cap or $10. If OTC didnt exist XRP would be jumping to $5 & $10 every other day & back down depending on the institutional demands. ts really not difficult to understand how this all works. Its a new asset class. A wealth transfer, a New system, take advantage of it and encourage others. Every one of you can have a positive impact on 1000s around you when this thing kicks off. Be smart, stay educated.
Finally, again with regards to the escrow, go and study or read up how economies expands and XRP thats in escrow will be used to allow economies to expand. Take bitcoin for example, theres no reserves like gold. It cannot serve the global financial economy the way XRP/Gold could
Wait so what do you see the ultimate price of xrp to be in coming years?
rippletriplerekt
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@JohnSnowWolf, Create new money without causing hyper inflation by pumping a new asset like XRP to $1000+
XRP bailouts have all been delivered to the top big to fail institutions. The rest of the horde will soon get the signal to start buying whatever is left on the open market
XRP probably 10 dollars by next year or more
rippletriplerekt
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@JohnSnowWolf, Let me tell you how & why #XRP can easily move to 4 digits when regulatory clarity is passed & real utility kicks in. Currently all crypto values are being determined as if they are equities. This uses the market cap method + supply to determine value. security tokens will continue to be valued using this method. #XRP is a hybrid Utility-Exchange token. The value of XRP will be determined by the actual real-time availability of XRP x demand.. this means supply & demand valuation. XRP held in cold wallets including the billions being held by exchanges in their cold wallets simply means those XRP are unavailable. This makes XRP scarce. With rising demand this would meam higher values and marketcap meaning nothing. In simple words, the current method of valuation is wrong but this will continue until they are ready to go live. Regulatory clarity will ensure cryptos are valued according to their class. XRP locked in escrows & cold wallets will be considered out of circulating supply.
Somebody do the math to determine roughly how many XRP are actually in circulation. Not the total supply distributed. Im talking about if the system needed to use XRP today, how many could it have access to? Less than a billion for sure. Wait for institutional FOMO. XRP liquidity will dry up and this will force upward pressure on value. This is also where the xRapid enabled exchanges holding 1 billion XRP come to play. They will release XRP to ensure liquidity and to maintain optimum value.
Now why dont the good folk at Ripple explain this to you? They just cant do it. If they did, XRP FOMO will kick in and this show will get on the road prematurely. They are still distributing bailout XRP and hope to keep retail investors away