Post
Luke_Wilde
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$XRP Good, let's see...
let's get serious when talking about this currency because the truth is it's nonsense to listen to discussions about this graph..., that whale this..., that Blackrock blah blah...
People, you already know it, Xrp is a utility coin designed for million-dollar transfers between large entities. It is not intended for small fries like you or me.
Well... so... xrp at 20? xrp at 50 and everyone happy because they make a few coins? No, guys... Let's use logic.
Ripple didn't think this would last three months... it aims to position xrp globally as a conversion currency AT UNTHINKABLE FEES FOR EACH TRANSFER. Today, they have no competition other than perhaps XLM. But not even... XLM doesn't have as many followers as clients as Ripple does today, although its network seems to be more stable and functional..., it doesn't matter. Ripple went all in, BBVA, JP MORGAN, Japan... now after the trial, the USA opens up for them. Forget it... boom in the medium short term.
Whether the "whale x" buys or sells Ripple, the banks don't give a damn. XRP that is circulating, banks need it to pay low fees in their transfers. In other words, it's going to sell like hotcakes. They need supply on hand (for their clients!!) so at a low price, the business is a hassle.
What matters here is the adoption by banks and large financial institutions. The rest... what a speculative whale does today is irrelevant. XRP is about those who already have trillions not losing many millions (nor time! because it goes at the speed of light) in each transfer to their counterparts or whoever corresponds to send them money.
That is the base business. Impossible at a low price because they have to protect the supply. They don't care what the whale does. They care that banks adopt it.
So do you have xrp saved somewhere? Keep them. Nothing more. Keep them because at any moment you'll find out this business is booming. Stop looking at graphs and what Elon says, cross your fingers for Ripple. Cheers to everyone!
And long live BOB too!
let's get serious when talking about this currency because the truth is it's nonsense to listen to discussions about this graph..., that whale this..., that Blackrock blah blah...
People, you already know it, Xrp is a utility coin designed for million-dollar transfers between large entities. It is not intended for small fries like you or me.
Well... so... xrp at 20? xrp at 50 and everyone happy because they make a few coins? No, guys... Let's use logic.
Ripple didn't think this would last three months... it aims to position xrp globally as a conversion currency AT UNTHINKABLE FEES FOR EACH TRANSFER. Today, they have no competition other than perhaps XLM. But not even... XLM doesn't have as many followers as clients as Ripple does today, although its network seems to be more stable and functional..., it doesn't matter. Ripple went all in, BBVA, JP MORGAN, Japan... now after the trial, the USA opens up for them. Forget it... boom in the medium short term.
Whether the "whale x" buys or sells Ripple, the banks don't give a damn. XRP that is circulating, banks need it to pay low fees in their transfers. In other words, it's going to sell like hotcakes. They need supply on hand (for their clients!!) so at a low price, the business is a hassle.
What matters here is the adoption by banks and large financial institutions. The rest... what a speculative whale does today is irrelevant. XRP is about those who already have trillions not losing many millions (nor time! because it goes at the speed of light) in each transfer to their counterparts or whoever corresponds to send them money.
That is the base business. Impossible at a low price because they have to protect the supply. They don't care what the whale does. They care that banks adopt it.
So do you have xrp saved somewhere? Keep them. Nothing more. Keep them because at any moment you'll find out this business is booming. Stop looking at graphs and what Elon says, cross your fingers for Ripple. Cheers to everyone!
And long live BOB too!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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