ringer2

Hah, of course that is certainly not what I said. But if you want to make a straw man, go right ahead. I routinely stated on here that I believed $10-20 was possible. My decidedly unpopular decision was a) the huge supply was a deflator of price action and 100B coins mattered and b) the idea of a triple figure price was absurd and made almost no fiscal and economic sense. But again, create whatever straw man you want.

What do you think this means?

So if I have my xrp on my ledger nano, am I good to go or is there something else I need to do?

How does this work?

Oy.

That’s called damage control.

Oh jeez. Obviously I was just ballparking a number. Don’t read so much into it. My point was that the vast majority on here in 2017/18 and into 2019 were acting like XRP and ripple were a guaranteed success. I had been arguing there was no guarantee and got vilified for it for years. Hmmm.

I’ve been saying for over two years now that what ripple is trying to do is so complex and difficult that the assumptions on this board that it was essentially a done deal success story were very misguided and naive. It’s hard. They may not succeed. In fact, it’s less than an 50% chance IMO.

Wait, you think people perceive XRP as a “safe haven”? 😵😂

The whole market was pumping, not just XRP. If anything, it was the approval for bank custodianship.

If you are not an experienced trader, forget it. You have been warned.

That’s good and I’m not recommending you don’t do what you planned. My point is that any future purchase of an investment must be made based solely on the predicted return on THAT purchase, not because it brings down the cost basis of past investments.

Future investments have absolutely zero impact on the return of past investments. It completely ignores sunk and marginal costs.

There isn’t going to be a “reset”. The idea is a preposterous urban legend.

You may be right, but then how do you make similar judgments on the group of people you label as privileged or wealthy?