My cousin just called me hypin this XRP stock, "Its the future of digital currency, the next bitcoin". Im pretty wary of it tbh. I been buying silver and gold. Just curious if you guys had knowledge of it. I guess it just WON a settlement against the SEC?
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xrp is the central banks crypto. removes every single advantage that crypto has
stay away
But will be a huge winner in the next financial susyrm. Digital gold. Buyer beware but huge gains available from an investment perspective. Like gold, used by banks as collateral and under valued vs future.
it isn't digital gold because the board can "print" new tokens and kill the value
Gold gets mined and used and changes amount in supply too. Europe collapsed an economy bringing so much back from South America. Usually both xrp and gold has a known rate of mine or loss (burn). Digital Gold refers to using as an exchange mechanism.
xrp does not have a standard known burn rate and even if it did, the board can change it at any time
100 billion created, burn rate is 0.0001 xrp per transaction. It is the greenest crypto, no more to be made, it will last a long time. They were chosen by the government to build the blockchain and everything that goes with it. Utube vid called “why I hold xrp” explains a lot about xrp and ripple. Not saying they are good for the people, far from it, but knowing is half the battle, in this case it is the whole battle. U don’t have to like it but it is the company that is building the cbdc’s for gov’s and banks, I wish this was not true but no sense sticking my head in sand hoping.
"you should buy the crypto of the company building CBDCs"
gtfo
real crypto only
Linqto. Minimum $2500
I would stick with the silver and gold it aint going anywhere
I totally concur. And even the price of silver (and gold) is being manipulated downward right now. As I write this, the troy-ounce price is $23.84 / oz. It's been fluctuating upward lately, but I'm certain that $23.84 or even $25 / oz does not reflect its true value.
Fortunately, I've been stacking for years now, whenever I can afford a little more I pick some up and stash it away. Don't know how much I've got, really, but it's hard to lift.
Look into ISO20022. Xrp being used to replace swift system with a few other tokens. A little diversification isn't a bad thing. Xrp was frozen for purchase on us exchanges back in Jan 2020....not sure if the sec ruling has opened it back up for purchase via us exchanges or not. If not, you can still purchase it using foreign exchanges such as uphold. Regardless, if you buy crypto, don't leave it on an exchange, get a cold wallet like a ledger. If you don't have any idea about exchanges or cold wallets, do research before jumping in head first.
Theyre still manipulating crypto like they manipulate the SEC
Yup
I like xrp. Bitcoin won't work as a currency if there is mass adoption since transfer fees will be too high. Central banks use, or will use xrp but they also use plumbing and electrical wiring. Meaning just because a bad guy uses it doesn't mean it doesn't have value.
It's a beautiful concept. Just got coopted by the monied folk. But no one can take it away from you unlike a bank that can seize your money.
If on an exchange or show up in person. If it's in a cold wallet and in your possession then it's impossible.
Bitcoin is less volatile than many real world currencies.
Only used by small countries now. A few years ago it was "only used by computer geeks / criminals".
What's the volatility on a hyperinflating currency?
The larger bitcoin gets the less volatile it is. Its growing pains, and fiat currencies are subject to extreme volatility as well. The US has just enjoyed having the dollar as the world's reserve currency for a long time which creates some level of stability. But it won't last forever, because the base layer is corrupted.
Money printing by a central bank is indistinguishable from counterfeiting, which is illegal because it's theft.
Long term, great tech with great gain potential. Apple and MS are shit co's too but would want to have skipped them in tech investment for portfolio the kast 40 years. XRP same, grab that, theta too and hold a decade.
All crypto leads to digital currency- CBDC will most likely happen regardless but let's not make it too easy for them by buying into it. I know it seems like a "get rich quick" scheme, but nothing is free in this world.
Not all. Many are gaming stocks or other tech tokens.
U r not supposed to know about Ripple and XRP, buy the heck out of it
centralized, non-mining, so...basically this is cbdc. slave system
Like apple , it is slave system future. Hope you dont buy either but if you did ypu would make $ long term.