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Author Topic: XRP  (Read 712 times)

Radman

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XRP
« on: September 26, 2019, 11:38:58 pm »
So, I am pretty heavy into XRP after having it recommended to me. I would like to hear other views / opinions on where it is headed.

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CH-Admin

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Re: XRP
« Reply #1 on: September 27, 2019, 08:43:08 am »
I personally am a big supporter of Ripple as a company and the different technology products they keep rolling out and XRP as its Cryptocurrency of choice.

The partnerships with financial institutions and banks can't go unnoticed.

It's a company that sure as hell knows what it's doing and it's not for no reasons as it's currently ranked No. 3 on the charts right after BTC and ETH.

I see XRP as a long term investment coin. It's a coin that should be Hodled for at least 5 years in order to see some good returns on it.

Very simple way to think about the potential of XRP and its cross border payments utility is this:

If one Bitcoin (BTC) goes back to its ATH of USD 18 k you would have USD 18 k if 33,730 Ripple XRP (current conversion of 1 BTC) goes back to its All Time High of USD 3.84 you would have USD 130 k.

And an XRP ATH of USD 3.84 is a pretty pessimistic figure taking into consideration the development of this coin and Partnerships being forged as we speak.

Now it's the perfect time to buy since it's still dirty cheap if you ask me especially with the current market decline of Crypto prices all across the board.

#crypto #cryptocurrency #xrpthestandard #XRPcommunity
« Last Edit: September 28, 2019, 05:44:56 pm by CH-Admin »
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Radman

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Re: XRP
« Reply #2 on: September 28, 2019, 12:47:47 pm »
Thx for reply, I am hearing similar responses from everyone I speak to. I recently have purchased even more with its plummet this past week. Tell me what you think about Tron and also what others do you feel would be good long term investments ?
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CH-Admin

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Re: XRP
« Reply #3 on: September 28, 2019, 06:05:18 pm »
You are most welcome. This is a crypto forum this is exactly what we are all expected to do, discuss Crypto and help each others!

You have done the right thing by buying the dip!

As for Tron (TRX), it seems the team and community behind it are showcasing the strength and prowess of the Tron Dapp ecosystem by gaining great traction.

Justin Sun is doing his very best to make of Tron the go to smart contracts and decentralized applications platform of choice however it does seem to me that the price of the coin is quite correlated to Justin Sun announcements and tweets, now while the crypto market is speculative in nature it does need to dissociate itself a bit from the hype and associate itself more with the technology and utility of the product. I would say invest moderately in TRX it's dirty cheap and does have potential for big growth however diversify your portfolio into other coins of course.

My other coin that is personally one of my all time favorites, is Cardano (ADA). It's like the whole academia and scientific world has got together to develop that one. The technology and team are flawless and they are working truly hard to get it where it should be. It's still an immature product at early stages but there's noticeable progress as they keep rolling out new features and updates. The founder was the co-founder of Ethereum, so he realizes very well where ETH lacks and working hard on closing that loophole in ADA.

They are working on a truly next generation crypto project that is so ambitious and their smart contract platform is truly set to amaze and impress.

I highly recommend Cardano. If you have any questions please don't hesitate to ask.

Cheers
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Linkkoin

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Re: XRP
« Reply #4 on: December 09, 2019, 09:10:40 am »
XRP is often referred to as "banks cryptocurrency", as it is not decentralized the way majority of cryptocurrencies is. Its general gold as intended by the Ripple Labs was to create a true currency to provide almost instant and free transfers of funds.

Does it meet such goals? Definitely!

Is it a good investment? This is a matter for discussion. But anyway, none of the cryptocurrencies was intended as a store of value in the first place - not even the most known store of value crypto - Bitcoin.

Anyway, at this moment it is traded at ~$0,23 while its all-time high from 2018 was 12 times higher ($2,78).
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