Experienced thoughts on XRP direction?

[jmh45255]

Hey all!!!

 

 

 

    My name is John and I decided to join up to XRP Chat to get a feel for what the real people on the ground level think about XRP.  I was playing around on Youtube and getting some information, but it feels like many of those people may be sponsored one way or the other (or selling some sort of “investment courses”).

 

     I was thinking about dropping $1,000 on it, but I wanted to know where you guys really foresee it going in the future.  I’ve read all of the stories about average Joes who bought a couple hundred Bitcoin early on that have since retired…and I don’t want to miss that chance again.   To look at XRP and the fact that it is looking to coincide with the existing banking system gives me a good feeling…..so please please please lend me your opinions on it! 

 

 

Thanks all!

John

[Guest]

Welcome and I agree with you that XRP does have a great deal of promise.  I am the village idiot with regard to Finance but personally I doubt it will get anywhere near current BTC prices in the foreseeable future.  Have a read of the OurPicks section of this board.

Because it is the coin that can link all other value systems by being native to ILP (which will be part of the internet standards), and because Ripple are smart and efficient and will target remittance inefficiencies in a very focused way...    I expect XRP value to rise in the near term, and generally trend upwards for many years.  There will be crashes and rebounds along the way though.  I think large institutions will adopt XRP usage and the effect will be to increase XRP price.  That makes it a good investment opportunity in my opinion.

Various predictions exist but mine is between $1 and $100 in the next five to ten years.  I'm thinking that an increase to $1 is possible,  perhaps even likely,  soon. (ie with 12 months).  My wife calls me a hopeless optimist.  Sometimes she omits the 'optimist' part...     

Ripples vision is to create the InternetOfValue which will have XRP at its heart... the ramifications are probably unknowable at this very early stage....

None of this is financial advice... you should do your own research and only invest what you can afford to loose.  But I and everyone here have put our money where our mouth is...  (as much as us poor folk can afford to loose) so good luck to us all...   

[jmh45255]

18 minutes ago, Tinyaccount said:

Welcome and I agree with you that XRP does have a great deal of promise.  I am the village idiot with regard to Finance but personally I doubt it will get anywhere near current BTC prices in the foreseeable future.  Have a read of the OurPicks section of this board.

Because it is the coin that can link all other value systems by being native to ILP (which will be part of the internet standards), and because Ripple are smart and efficient and will target remittance inefficiencies in a very focused way...    I expect XRP value to rise in the near term, and generally trend upwards for many years.  There will be crashes and rebounds along the way though.  I think large institutions will adopt XRP usage and the effect will be to increase XRP price.  That makes it a good investment opportunity in my opinion.

Various predictions exist but mine is between $1 and $100 in the next five to ten years.  I'm thinking that an increase to $1 is possible,  perhaps even likely,  soon. (ie with 12 months).  My wife calls me a hopeless optimist.  Sometimes she omits the 'optimist' part...     

Ripples vision is to create the InternetOfValue which will have XRP at its heart... the ramifications are probably unknowable at this very early stage....

None of this is financial advice... you should do your own research and only invest what you can afford to loose.  But I and everyone here have put our money where our mouth is...  (as much as us poor folk can afford to loose) so good luck to us all...   

Now see, $100 seems like a fair place to shoot!  I found people online saying "oh it is the next Bitcoin"...which would be great...but they never give any reason as to why they think that!!!  I was thinking about dropping $3,000...but I settled on $1,000 to be safe.    Hope that doesn't come back to bite me lol

[bookworm]

In recent news, we heard about instant millionaires from small time investments made in Bitcoin.  Most of us would love the freedom of not having to worry about money for life.

Will a small investment in XRP realise our dream if it follows similar trajectory as BTC?  Well, I would tend to believe so which is why I also invested a chunkier amount.  I tend to believe that XRP will hit $1-2 in the near term and if all goes as planned (in my eyes), we should see about $5-10 in about 5 years.  Our small time speculators and our BIG elephants or crazy Koreans may push us over these thresholds then again, this would be gravy at the expense of volatility.

At $1, we talking about 5x the current XRP value etc.  Play with small investments as this crypto market is highly volatile and you'll never know what XRP will be worth in the future ...

 

[Guest]

2 minutes ago, jmh45255 said:

Now see, $100 seems like a fair place to shoot!

Don't get me wrong...  I think that is the possible range in that time-frame, but I think its more likely to be in the lower third...    but to me its far and away better than any other investment opportunity I know of.

My main belief is that it will go up... and anyone selling in less than a few years has a fair chance of regretting it.  Some of the traders here will disagree because they can make more money on other coins and by trading....   but for simple folk like me I think the best strategy is buy, buy often, and then hold for as long as you possibly can.   

[jmh45255]

2 minutes ago, Tinyaccount said:

Don't get me wrong...  I think that is the possible range in that time-frame, but I think its more likely to be in the lower third...    but to me its far and away better than any other investment opportunity I know of.

My main belief is that it will go up... and anyone selling in less than a few years has a fair chance of regretting it.  Some of the traders here will disagree because they can make more money on other coins and by trading....   but for simple folk like me I think the best strategy is buy, buy often, and then hold for as long as you possibly can.   

Well if I put in $3,000 and it goes up to $100....I'll be a pretty happy camper lol

[Zerponaut]

As Tinyaccount says, XRP will never reach the price that Bitcoin is now, the economics of supply and demand are vastly different.

However, having said that, it doesn't need to considering that if you were to throw in/away $1000, XRP reaching $10 at some point in the future would pay back the equivalent of Bitcoin reaching around $275,000 dollars at the same time - both would have reached 50x current price. In both cases you'd get back $50,000 dollars. I think most people on this forum are betting on XRP making the equivalent mark first.

Personally, my prediction/stab in the dark/wild delusional guesstimate for XRP is maybe $5 in three years - and I don't think Bitcoin will be anywhere near $140,000 in three years. I also think the chances of Bitcoin imploding are greater than XRP, but I have no reason that is based in fact for that conclusion, besides WTF is Bitcoin even for? It doesn't do much and what it does do can be done better by a number of alts. I'm not even sure Bitcoin exists or if I'm stuck in the matrix  

I also think that the ship has sailed for Bitcoin-fantasy returns unless you absolutely luck out < and that would be what had happened - with some unknown and probably as yet unreleased alt coin that takes over the world.

 

[bookworm]

$1,000 translates to $500,000 if XRP goes from $0.20 to $100.  Haha, getting greedy for return of $1.5m ...

Trust me but I have much more than $3k invested in XRP ... 

[jmh45255]

1 minute ago, bookworm said:

$1,000 translates to $500,000 if XRP goes from $0.20 to $100.  Haha, getting greedy for return of $1.5m ...

Trust me but I have much more than $3k invested in XRP ... 

Well.....maybe I'll do $1,000 every couple of months (keep myself somewhat tame)

 

who do you suggest I go through? 

[bookworm]

Best to check the forum on how to purchase XRPs ... can buy via exchanges but check on country restrictions, payment options (credit card, bank trf, convert from BTC) and whether you need to set up wallet, encryption keys, etc.  For me, I like Kraken for simple trading without all of the noise ... crypto exchanges (eg., Bitstamp) are actually better given smaller bid/ask spreads then again, I don't mind a trading platform for ease for funding/withdrawals ...

Edited October 25, 2017 by bookworm

[Malloy]

Are you ready to loose 1000 or whatever?

If not...don't invest in anything cause there's no certitude in anything...you'll sleep better...

If you're ready to act like the money is gone...you might come back next year and have a nice return...or nothing....but if you have nothing...you won't mind because that's how your mind was set...and you'll sleep better...

[tulo]

When I started I also threw in 1000$ I was ready to lose...after 1-2 months I withdrew the 1000$ and I still had 1000$ equivalent crypto in my portfolio.From then even if I'd lose everything I'd be fine because I have no real money invested .

[Guest]

I think it's all mind games we play with ourself....   Technically I can afford to loose everthing I have invested...  it's only ever been discretionary spending amounts.

But if it all went to zero it wouldn't be the small stack I would mourn disappearing over the horizon.....  it's the big stack I was hoping it would someday become that would loom large in my gloomy thoughts.    

 

However there is a clear divide between being destroyed by the loss spiritually,  and actually being financially devastated by the loss.  So never ever invest to the point it would be financially crucial to have those funds.  Also never follow any advice given by a bloke on the Internet...    

[rainbowhunter]

With XRP being deflationary and FIAT being inflationary, does that alone not over time increase the potential value XRP, notwithstanding use cases and demand?

[Guest]

15 minutes ago, rainbowhunter said:

With XRP being deflationary and FIAT being inflationary, does that alone not over time increase the potential value XRP, notwithstanding use cases and demand?

It's only very slightly deflationary so the effect of that would be small.  I could grow very old and very much fatter sitting around waiting for that effect to make me wealthier.