Good idea

Ubani · 2025-01-20T12:40:42.280695Z

Had to build up some cash reserves now in case it crashes today. I was able to make a return of just under 570% on Xrp.

Alexander_Bitcoin@Alexander_Bitcoin

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is good yes.

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KerryS@KerryS

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A quick question from someone who has nothing to do with crypto. Why would it crash? I can imagine that it has something to do with Trump, but does he have something against xrp?

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Darth Vader@TheRealDarthVader

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@KerryS This is called sell the news. You buy speculatively until the day it actually happens, then you sell to dump from the no hands who have no idea, so to speak. It happens all the time. So either get in at the beginning or stay out until the bubble has burst and then get in!

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Ubani@Ubani

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@TheRealDarthVader well explained 🙏

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Steve91@Steve91

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@TheRealDarthVader would you buy the dip then?

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Darth Vader@TheRealDarthVader

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@Steve91 As I have already realized profits in cryptos, I am currently cautious. I only see a really good entry opportunity again after Bitcoin has fallen by about 30-60%, the altcoins will then go with it and if you really want to buy a certain altcoin there I would then get in. But if you really want to get in now, I would wait until tomorrow because there might be a sell-off today!

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Steve91@Steve91

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@TheRealDarthVader I was just thinking about getting into xrp. I still believe in a doubler.

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Darth Vader@TheRealDarthVader

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@Steve91 Could be but would only get in tomorrow... 2x is nice but do you manage to realize the profits after 2x or do you think it will do 2x again until it crashes under your nose and you hold the bag for 4 years until the next cycle! ;) set yourself clear sell points and pull them through your later me will thank you💪

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Epi@Epi

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Why "had to"? Did someone force you?

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Ubani@Ubani

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@Epi Yes, healthy people understood. Don't get greedy.

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Epi@Epi

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@Ubani Aha, and he drove you up to 570% in a Shitcoin? 😅

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Ubani@Ubani

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@Epi ne have already sold 75% at 2.41

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Vincent@VincP3

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@Epi since when is xrp a shitcoin?

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Ubani@Ubani

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@VincP3 since it has the 3rd highest market capitalization 😜

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Vincent@VincP3

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@Ubani ah, sounds pointless

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Epi@Epi

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@VincP3 Bitcoin or Shitcoin. 🤷
I'm a simple minded person.

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Vincent@VincP3

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@Epi aha

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Stefan21@stefan_21

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@VincP3 Why shouldn't a premined coin that is controlled by a company and has no application in RippleNet be a shitcoin?

What does XRP exist for?
Ripple Labs was able to generate significant revenue without having to fulfill the regulatory requirements of an IPO.

Is XRP decentralized? No.
Do banks use XRP for transactions? No.
Will they ever do so? Highly unlikely.

It's hard to imagine a bank accepting a system where most of the supply is in the hands of a centralized company. Even if Ripple Labs were successful and banks were to use RippleNet instead of SWIFT, XRP would be irrelevant.

Why is Ripple launching its own stablecoin now? The answer should be obvious.

Ripple Labs regularly sells XRP shares to generate liquidity. Basically, this is the equivalent of a long-drawn "rug pull", where XRP holders are the company's long-term exit liquidity.

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Vincent@VincP3

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@stefan_21 Thanks for the insights

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Ekrem@OnlyEko

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I am at a return of 970 % myself and will now also go out

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