Yet, according to this article in The Economist , more than 80% of central banks are studying issuing digital currencies of their own. It’s really just to see what I can get out of it over the next 3-5 years. With so much confusion in the market regarding XRP and Ripple, there’s one lingering question among holders, “Should I buy/sell/hold XRP?”It all started with the SEC lawsuit. The crypto experts believe that XRP is the cryptocurrency that will show a lot of bullish signs in 2019. My target price for XRP won’t even get me to what I consider the moon. … If one day, all the banks decide to start using it as a unified bank currency instead of processing redundant currency exchanges – it will make a nice fortune for all the early birds who invested in. The highly skilled leadership gives confidence to a sound vision and strategy. Ledger Nano S, Edge) 2. $110, $300 or even higher? What is this crypto, and what makes it different than other cryptocurrencies? Why would banks use the cryptocurrency of an external company when they are able to create their own blockchain internally? This allows financial service providers to meet customer expectations around the world fairly quickly. The platform is exploring various ways to simplify payments, both online and offline. This discussion really isn’t specific to XRP, but it’s one of my larger positions. If the entire crypto craze turns out to be nothing but 21st Century Tulip Mania, you've only risked and lost the mining revenue, not your main revenue stream. Since I’ve already realized my initial investment, anything else is all gains. Inside crypto, you should still diversify. This means that it controls the transactions through its own blockchain network. I have several levels: a) 20% of my portfolio from $5 to $10 b) 20% from $15 to $20 c) 20% at $25 d) 20% from $30-40 e) The rest I will leave to spend and keep in play depending on how much adoption we see. (e.g.Stellar XLM). All good questions, but you will find different answers from different people. Press question mark to learn the rest of the keyboard shortcuts. It works as a payment protocol and takes a little transaction fee. What is the highest price XRP could potentially get to in the long term? The processing of transactions takes place through two ways of verification. And it does not allow any third party to interfere in these transactions. Could Ripple XRP Make You A Millionaire & How Much XRP Should I Own? I keep revisiting this thought: Any gains are more than I had in the bank yesterday. But given the bearish situation with the SEC, XRP could fall to below ten cents. I think I will put in another lump from my tax return when it’s under $1. Now that you know how to buy XRP and own your first 381 tokens, the question is where to store them. I was drawn to crypto by the volatility and really wasn’t something I invested in to reach a specific goal. Also, the customers can buy XRP tokens of worth $20,000 in a month. Moreover, its blockchain technology is worth using because it helps to complete cross border transactions within seconds. The platform uses blockchain technology for faster cross border transactions and its payment protocol processes the cross border transaction in just three seconds. Absolutely. It works exactly like banks in transferring money from one place to another. Do you have confidence in the management team to execute on their roadmap? If it flops in my lifetime, I will still work towards this goal all the same. The whole idea of cryptocurrency is to avoid centralized control. Visa simply can’t be ignored when talking about financial transactions between banks and it’s unlikely that they will not come up with a counter strategy. The dramatic drop in price is clearly evident on the monthly time frame — from the January, 2018 peak until the much lower present. If you truly believe in the technology backing XRP then wouldn't you continue investing on a regular basis? It decreases the completion time of transactions. The xVia solution offers instant settlement and confirmation of transfers, as well as competitive FX rates. The platform takes the place of banks in this kind of transfer. It chooses its nodes carefully for processing transactions. I think no more than 40-50% into one sector (privacy, protocol, transactional, currency etc) then own at least 2-3 of each of those. $0.463961 USD with a 24-hour trading volume of $14,334,176,528 USD.. XRP is down 20.55% in the last 24 hours. Is this correct, I only have 1000 XRP, and am in the UK. 80 - 175 comment karma. But it’s still a price at which point I will start to take profit. So, you are interested in Ripple (XRP), right? If my goal was to buy a house or a nice car, I probably wouldn’t risk what I’ve invested in crypto. The second major support level sits at $0.4825. This adds up to roughly $2.55 quadrillion transferred annually, or about $9.8 trillion worth of transactions eac… Based on the current prices, you would need 333k XRP in order to have $1 million. I like to think of my holdings as a savings account. Here’s what I’ll cover: 1. Ripple has been quietly working away with a focus on expanding its network of partners and increasing the usage and adoption of its native token, XRP. 29/12/2020. RippleNet members will be given marketing tools and materials to help expand the ecosystem. However, real-time payments are not an easy market to impact. 1. If I can put a dent in any of the above with my portfolio, I’ll be happy to have gotten into crypto. There is no such thing as a 100% safe investment, and each decision has its risks. By the end of 2021, XRP cryptocurrency can touch the $1 point. Anonymous poll to see what percentages of holders we have here in Xrpchat community. Get your XRP address 3. If the moon is 100 dollars, many on this sub will be millionaires, some billionaires - but how high does it need to go for YOU to live a comfortable life in the Bahamas if you cash out? You won’t be able to access this deposit after your initial purchase.For a thorough explanation of Ripple, XRP and additional buying options keep on reading. Right now there are people with millions of xrp due to the fact not long ago it was half a cent in value. The following use cases will show how various aspects of the financial sector can be improved in the years to come: Many banks around the world are struggling to identify and explore new revenue models. XRP is volatile, as are all other cryptocurrencies. Because, if we are being honest here, most of us are in it to invest and eventually take profits, not to utilize the XRP token in a utilitarian manner (though this is totally feasible as well). So, it is basically like investing in a bank. I see great potential from the Ripple team and XRP alike. In addition to centralization, today it is pretty much a monopoly as Ripple Labs owns 61 percent of the coins. This increases the security, reliability, and scalability of the transactions. If you have a low tolerance for risk, it’s obviously more beneficial to buy-in at the lower price points. In any case, it is up to you to decide if you need to buy ripple. Cryptalker is the perfect place to get all useful information about buying bitcoins and investing cryptocurrency. TLDR: it depends what you are looking to do. To reach XRP $100 price, the company should do something impossible. Once escrow is gone and all XRP is sold, the price can jump $100+. I've publicly on this forum in the past stated how much I own, even though the likes of @Hodor have advised against it. The currency is 10 times stronger than Bitcoin and other prominent cryptocurrencies of the world. Best Crypto Course: https://geni.us/ovIL Best Crypto Exchanges 1. To my 5 years self in the future. Retirement, a house, vacation, car, emergency fund, lambos, etc. The platform is designed to allow users to transfer money from any currency to any other currency in a matter of seconds, anywhere in the world. Buy XRP now and in a few years, you will see how much profit you get. When estimating how high the crypto will go, we shouldn’t forget about real facts: For XRP to be worth a $100 in future it should earn about 100,000,000,000 x $ 100 = $10,000,000,000,000 capital. How Much Ripple XRP Will Make YOU a MILLIONAIRE!? The more banks use it as their transaction platform, the higher the value of XRP. I like this formula. 1 000 000 USD / amount of you are hodling = Price of XRP what you need it to be to "make it". It is highly centralized. It has a circulating supply of 45,404,028,640 XRP coins and a max. I am just playing around with buying and selling, and find Coinbase easy to use. Ripple Price Prediction 2022 – 2023. Cookies help us deliver our Services. I’m looking for thoughtful responses and would appreciate all the feedback. That applies to banks, payment providers, cryptocurrency exchanges, brokers, and so forth. then went on to say it was based on a prediction of $400. In fact, they should be very much in opposition to them. The hard stop on any of my investments aren’t based on any timelines but rather based on project progress and how they hit their milestones, results, etc. I also hear you wondering, how high is the moon, say 3 years from now? By using our Services or clicking I agree, you agree to our use of cookies. Then after the huge pump end of 2017 I paused to see how things were shaping up for 2018. The coin is not created by the users through the mining process. The word ‘consensus’ in the name means that if every node is in agreement with all the rest, there is no issue. How much Spark you are going to receive depends on how much XRP you have in your account on 12 December 2020," Bitstamp said in a press release. XRP has been experiencing a plethora of fluctuations sinc 2019, which was one of the least performed months for XRP. It should also accept fiat currencies, if you are buying XRP with your euros, dollars, or another fiat currency. As the tokens are already mined, the XRP developers can decide when and how much to release, or not to release. XRP has the potential to become a major digital asset in the global payments industry, although it is still too early to draw any real conclusions in this regard. Therefore, Ripple’s projected growth isn’t likely to be stopped, but it’s not so tremendous for the currency to get even to $50. Please take this information and do your own research. They also think it is a coin that increases in value with the passage of time. Once you decided that XRP is a good buy, you may come up with a different question: how much should you purchase? This means that the investors can buy or sell XRP through the secure system of the company. It is an official organization with the trust of many banks –  it’s not another unknown Blockchain startup. Ripple wants to help companies attract global payments. Many Ripple experts agree that its price can increase to $200–300 in 10 years. That’s $10 Trillion (Bitcoin’s current market cap is $213 billion). Share on Facebook Share on Twitter. Inside crypto, you should still diversify. It is also one of those exchanges that also accept a large number of fiat currencies. Ripple (XRP) Users Contemplating on Whether they should buy XRP or Wait. Especially, the joining of American Express and Santandar has benefitted it a lot. Combined with lowering overall operational costs, this solution could make an impact on a global scale a lot sooner than people anticipate. About XRP. I usually follow the developments of each project closely and then reevaluate if something has peaked or lost its value for me to pull out. This club is relatively easy to get in. Some of them even might succeed. That’s $10 Trillion (Bitcoin’s current market cap is $213 billion). 26:17. Price manipulation may occur and there are plenty of committed naysayers to Ripple, but who needs individual investors when you have the support of big players in the financial system. So, it seems I should move my modest amount of XRP from Coinbase to participate in this Spark Airdrop. If you want to invest in many different cryptos, 1000 XRP is the perfect amount Or go by the 21 rule. Are you putting a hard stop on your investment timeline in crypto? I think this is a great query that speaks to the questions / fears that many hodlers have - when will I know it's the right time to sell? However, if the company gains support from the investment giants, the XRP rate can change its direction to a new bull run. Personal wallets are much safer for long-term storage. XRP skyrocketed in 2017 from $0.006 on January 1 to $2.30 on December 31 — a return of 38,000%.. A third person who’s gotten rich on XRP is Ripple … Sign up to Coinmama 4. I suppose that, weighed against what the realistic peak value of the token is will equate to how much you want to hold. Thus, the investors are thinking of investing in XRP because the value of cryptocurrency may touch an all-time high record. How comfortable are you with risk and volatility? Unlike all other cryptocurrencies, the platform knows all about accounts, their balances, various transactions, and much more. I was buying pretty steady. The former chief made a payment of more than 19 million […] Speaking in terms of order of magnitude, the dollars transferred in the cross-border payment market dwarfs the value of every market in existence. The “21 Million Club” is a Reddit designation for those who own 1 BTC or more. If this platform becomes a default payment asset for banks, it can reach the price of $20 very soon. It’s one of my larger positions because I (hopefully like everyone else here) believe it’s got an extremely long runway ahead of it. It is relative to who you are as an Investor, your tolerance for risk, and how much capital you have to invest in XRP. DustyBC Crypto News 7,793 views. No. No, very unlikely barring regulations that makes it criminal to hold crypto. It’s important to understand the current volume of monetary transactions on a macro scale. XRP beats all other cryptocurrencies in processing cross border transactions. This is all rather elementary stuff, but it gives me some perspective on my own holdings. I buy some weekly but not enough to hurt my finances (bills come first!). Press J to jump to the feed. Good for you, and much good luck as well... Or XRP climbs into the $$$ over the next 5-10 years . Coinbase: https://geni.us/DWFO2. Even when I was up over 400%. Yes, but my target price is not based on moonshots. That could be 1 year or 5 years or even 10 years. Get expert opition on short-term and long-term xrp price prediction, and learn what will be the value of Ripple in 2025 and 2030. On the other hand, the crypto experts are of the view that XRP would beat Bitcoin and all other cryptocurrencies if its value touches $7-$10 in this year. have you set a target value for XRP holdings? But he said "You 'need' 3,000 XRP to become a millionaire or 1,500 XRP to get a good return." If we all agree, say, that 10 dollars is the highest we will see in 3 or do years, and that is as long as you want to wait to realize profit, and you want to make it to the million dollar club, well, you'd wanna have around 100k XRP. One of the most attractive features of this exchange is that it offers higher limits of buying XRP tokens than all other crypto exchanges operating across the world. It’s advisable to conduct your own due diligence before trusting any third party or third-party technology. Finances are not my concern with my crypto investments. - Duration: 26:17. There are members here who can easily afford 3,000 XRP and there are people that save and struggle to reach 500 XRP. The most likely zone for XRP price in 2022 is from $0.5 to $1. Most likely, 100 USD threshold won’t be hit within the following five years — its total supply is too high. On the other hand, other cryptocurrencies are bought or sold through central exchanges that can crash anytime and render the users a great loss. without having to pre-fund nostro accounts. Ripple’s xVia solution is a tool meant to simplify payments across RippleNet without the need to install additional software. Through its RippleNet venture, it is slowly onboarding additional banks around the globe, with a strong focus on Asia. A few days ago I would have said something along the lines of, think of your target amount of units you'd like to own and buy them to hold for X amount of years. All the transactions are saved in an online ledger which is continuously updated by Ripple. According to the company blog, the program consists of a ‘Volume Rebate and an Adoption Marketing Incentive’: It is an incentive that offers XRP rebates to RippleNet members which have reached certain milestones in terms of processed transaction volume. XRP, Ripple’s cryptocurrency, can be bought in the following way: 1. If you already own Bitcoin, Ethereum, or some other coin, you need to find an exchange that offers trading pairs which would put XRP against the coins you own. The price of XRP, like the price of any digital asset, fluctuates based on market dynamics. (If it does turn out good) Currently only have a small bag of XRP that has less than 1k of it and still trying to compile them with as much as I can per month. CHIPS transfers about $400 trillion per year, and Fedwire transfers about $900 trillion per year. All the tokens are initially mined and already exist. $35 is easily achievable in the next 2 years. What is the best EMA to trade Bitcoin Today? The second part of the initiative is an adoption market incentive which rewards members that promote their services to other companies. We all should. XRP Is Too Volatile; Banks Won’t Hold It. Do I want to realize those type of gains? It’s been picked up by a range of banks and international organizations, and it’s mostly designed to facilitate transfers in a business setting. No inflation. Specific to XRP, a low triple digit value would be insane. The current CoinMarketCap ranking is #7, with a live market cap of $21,065,681,891 USD. With the potential upsides (and downsides) of crypto earnings being so desirable, I’ve invested a small amount of money. Have you set a target of value for your XRP holdings? Using XRP, banks can source liquidity on demand in real time A true breakout could take XRP price back to $3 or beyond. The live XRP price today is . But it might take another 5-7 years to get that level. 419 members have voted. Ripple Price Prediction & Forecast - Ripple Price is speculated to reach $1.20 by 2020 End & $1.50 by 2021. As soon as XRP reaches $1, the correction phase may enter. Most of the people think that XRP works like all cryptocurrencies. Some of these use cases are payment tracking, capital efficiency, and rich data transfers. It allows the transfer of coins from one account to the other through unique and verified nodes. Buy XRP using your credit cardKeep in mind that every Ripple wallet requires an initial 20 XRP deposit to prevent the creation of fake accounts. Etoro: https://geni.us/VAPI2Hi3. ... which has its own effects. I usually will buy some other coins for diversity but a majority goes to XRP because I believe in the tech and feel safe hodling long term. How do you identify your target position? From 20 to 26 February, McCaleb moved more than 135.8 million XRP from his tacostand wallet in six separate transactions. 3 ~ 4 years account age. Nigel Green, CEO of deVere Group, recently expressed his forecast about how high Ripple could get. If XRP can break out and maintain the momentum this time around, or even win the SEC case or have it dropped or settle, it could be off to the races for Ripple. Here is how I would answer your questions: Hard stop on investment timeline? First, Ripple is not a coin but it is a payment platform that helps in fast processing of cross border payments. XRP could be an especially good choice for investors looking for a smart investment under $1. After getting an idea about the XRP price growth, is it still a good investment? TLDR: it depends what you are looking to do. Never invest what you can't afford to lose. Ripple Vs. SEC: The Lawsuit. How do you feel about the strength of XRP in relation to other competitors in the same problem domain? The name derived from the fact that there will only ever be 21 million BTCs in existence. The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending topic right now. Now even at its low periods the price is so much significantly higher that such a high number of xrp is out of reach for anyone that does not have a few hundred thousand to few million dollars that they are willing to put into xrp. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. ... are interested to know about some provision that must hold SEC responsible for losses caused to investors by their own in actions and dereliction. But, the reality is not so. Finally, you might need to pay a fee to withdraw your XRP coins out of the exchange, although this shouldn’t be more than the standard 0.00001 XRP transaction fee. I definitely think about it all the time. It's not the end of the world for me, as I don't have thousands invested. This is because on reaching $7 value, the market cap of this cryptocurrency will cross Bitcoin which is the largest cryptocurrency in respect of market cap. "You did it !" And that’s where Flare Networks comes in. Some experts believe that the limiting factor for price mooning is escrow from Ripple, as they simply sell XRP every month. Having 100k XRPs is a good number for an aspiring millionaire. We can hope that XRP will surely touch $7 mark in 2019 as more and more companies are planning to join Ripple’s blockchain network. Keep reading. A more elite group to get in is the “1 Million Club” which would require a person to own 21 BTCs. Do you believe in the long term merits of the project? Ripple Price Prediction 2022. This is an ambitious goal meant to eliminate the need for older systems like Western Union or SWIFT.
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