It appears the XRP bears are determined to test XRP HODLers commitment to their bags. I personally made another purchase when I woke up to prices below the trend line which the price is now relying on as support. For the life of me, I'll never understand how anyone could ignore how unfathomably underpriced XRP is, as the crypto-currency most likely to become the IMF's first cryptographically validated digital currency. With rumors surrounding recent IMF announcements now suggesting XRP is on track to becoming the next world reserve currency, there's a serious disconnect between XRP's current market cap of less than $14 billion and the very real future of XRP facilitating the cross-boarder movement of 10s of TRILLIONS of dollars. In other words, XRP's current market cap is less than 1/1000th the volume Ripple is currently courting access to. Again to be clear, 10s of trillions is denoting the collective volume of Ripple's CURRENT partners, not rumored/potential future partners.
To anyone who understands the relation between market cap and 24/h volume, it's not hard to draw the conclusion that XRP isn't just 1/1,000th under-valued. It's likely 1/10,000th under-valued today, based upon current partnerships. A network which gains ~3 new partners every week. So every week XRP sits at this price range, is another week it becomes further undervalued. So needless to say I could care less how much long price is suppressed for, it just boggles the mind that I've been given the opportunity to buy XRP so cheap, compared to it's utility value, I've given up all life's vices and pleasures to dump my entire life's earnings over the last 8 months into this asset. Why? Because I know once banks get the lead out of their systems, they'll make me a billionaire. With or without new speculative volume entering the market between now and then. But because I feel grateful in this opportunity, I also feel compelled to share it. Why? Because I know my current bags will make me at least a centi-millionaire in no more than 10 years time.
Most likely far sooner than that. But I'm not here to convince anyone this is a get rich quick scheme, because if you think of XRP (or any other digital asset as such) YOU WILL GET REKT. To clarify, BTC has existed for 10 years. But the vast majority of it's growth can be distilled to 30 days. That's 120 days in the red, for one day in the green. So even on average, you'll be holding for 4 months before you see a single percent gain. Good luck getting rich quick. The only people who get RICH in crypto, are those with the HODL mentality. Those who buy dips and HODL in anticipation of the inevitable, yet still mystical green day.
To anyone who understands the relation between market cap and 24/h volume, it's not hard to draw the conclusion that XRP isn't just 1/1,000th under-valued. It's likely 1/10,000th under-valued today, based upon current partnerships. A network which gains ~3 new partners every week. So every week XRP sits at this price range, is another week it becomes further undervalued. So needless to say I could care less how much long price is suppressed for, it just boggles the mind that I've been given the opportunity to buy XRP so cheap, compared to it's utility value, I've given up all life's vices and pleasures to dump my entire life's earnings over the last 8 months into this asset. Why? Because I know once banks get the lead out of their systems, they'll make me a billionaire. With or without new speculative volume entering the market between now and then. But because I feel grateful in this opportunity, I also feel compelled to share it. Why? Because I know my current bags will make me at least a centi-millionaire in no more than 10 years time.
Most likely far sooner than that. But I'm not here to convince anyone this is a get rich quick scheme, because if you think of XRP (or any other digital asset as such) YOU WILL GET REKT. To clarify, BTC has existed for 10 years. But the vast majority of it's growth can be distilled to 30 days. That's 120 days in the red, for one day in the green. So even on average, you'll be holding for 4 months before you see a single percent gain. Good luck getting rich quick. The only people who get RICH in crypto, are those with the HODL mentality. Those who buy dips and HODL in anticipation of the inevitable, yet still mystical green day.