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Staigera

Is it really possible to all become wealthy, frrom XRP?

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Hey guys and gals, how are you all doing?

I was thinking and this is just me and my thoughts. I want to get some input from what you all think.

When I read about XRP i notice, on xrpchat, Twitter, YouTube, Facebook, Reddit, ETC, there are actually alot of people invested in XRP.

Sure crypto, and bridge assets in general is pretty exotic to invest in if you look at the global picture of how many people invested in this market.

But it just looks a bit to good to be true in the way that can it make really that many people rich? If it would go up in price at some point?

I think it is economically possible but it just looks strange, you know suddenly all these people will be atleast paper millionaires or In the 100k + range.

Just a random thought I just had, maybe some1 asked it before.
Don't comment with "use google or search option in the chat" I do enough as it is.

Just curious what some of you here have to say about this.

Greetings,
Staigera

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35 minutes ago, HenrySeldom said:

 

There are over 36 million millionaires in the world. There are only about 50K XRP wallets with over 10K XRP. If XRP goes to $100 USD, that's only 50K (potentially) new millionaires, or just a small fraction of the global elite, about .1 %. And the odds that most of these people hold on the way up are pretty slim.

The thing about social media bubbles is that they can seem like they encompass the entire world. In reality, they're laughably small, and this is especially true of the XRP community. 

 

 

There's a ton of XRP in exchange wallets which count as one.

XRP is the most popular investment in crypto. It's very rare to get rich on "having the same idea" as everyone else. Ironically, that is exactly why it'll never come to fruition.

I mean sure, guys who hold 75K+ XRP have a valid argument. The rest of us are chasing a very unlikely pipe-dream. That's why I've also invested in some low market-cap coins for moonshot staking.

Edited by Liminarori

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FA will take you very far in your investments.

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There's a ton of XRP in exchange wallets which count as one.
XRP is the most popular investment in crypto. It's very rare to get rich on "having the same idea" as everyone else. Ironically, that is exactly why it'll never come to fruition.
I mean sure, guys who hold 75K+ XRP have a valid argument. The rest of us are chasing a very unlikely pipe-dream. That's why I've also invested in some low market-cap coins for moonshot staking.
True. But I'd expect big holders to mostly use hardware wallets and not leave it on an exchange.
I think btc and ethereum are the most popular. Actually xrp is relatively unpopular. Most new comers hear bad things about it. So it holds them back to invest in ripple.

I wonder, what are other projects that you think can "moon" *cringe*. I've been thinking the same of investing in small projects as well but these might leave you with nothing in the end. In that case better 'lower' risk with lower rewards.

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11 minutes ago, SquaryBone said:


I wonder, what are other projects that you think can "moon" *cringe*. I've been thinking the same of investing in small projects as well but these might leave you with nothing in the end. In that case better 'lower' risk with lower rewards.

I don't know about mooning, but Casino Coin is solid, IMO. 

Read up on them. Lots of info in the alt section. 

They are cheap right now so easy if you can spare $400-$500 to buy a million, it's worth it. Not financial advice. 

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10 minutes ago, Loki said:

I don't know about mooning, but Casino Coin is solid, IMO. 

Read up on them. Lots of info in the alt section. 

They are cheap right now so easy if you can spare $400-$500 to buy a million, it's worth it. Not financial advice. 

I did the same thing with KIN, invested $100 or so. Very cheap, good business plan, backed by a very successful company, and they’re in the news an inordinate amount for a coin ranked (right now) at #65 or so. If they hit $1.00, or even $.50, I’m good to go.

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1 hour ago, HenrySeldom said:

 

There are over 36 million millionaires in the world. There are only about 50K XRP wallets with over 10K XRP. If XRP goes to $100 USD, that's only 50K (potentially) new millionaires, or just a small fraction of the global elite, about .1 %. And the odds that most of these people hold on the way up are pretty slim.

The thing about social media bubbles is that they can seem like they encompass the entire world. In reality, they're laughably small, and this is especially true of the XRP community. 

 

 

You make a good point.

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9 minutes ago, Loki said:

I don't know about mooning, but Casino Coin is solid, IMO. 

Read up on them. Lots of info in the alt section. 

They are cheap right now so easy if you can spare $400-$500 to buy a million, it's worth it. Not financial advice. 

It's not has no good use case. Almost no exchanges supporting it very low volume.

 

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