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I don’t consider myself as devoted to XRP as a lot of people who I’ve seen are. For this reason, I haven’t spent countless hours researching about it and might not have an expert knowledge to answer s

I recommend DYOR and read EVERYTHING from @BobWay. He's a wealth of knowledge for the community, but i'll get you started.  Stephan proposed an idea that would create a net pressure on XRP. He n

I am a bit in between @Tinyaccount and others. Are you spreading FUD or really interested? You just joined XRPchat and this is your first topic. Assuming your intentions are okay, let me help you with

I am sorry if you felt we were attacking you or being paranoid. There have been times in which, to put it nicely, where propaganda would knowingly be spread in order to distort information for anyone looking into xrp or any digital asset that was in conflict with the posters own interest. This was pretty heavy in 2018- mid 2019. It was a time in which there was a lot of effort to correct mistakes in order to try to maintain integrity. As a result I think some of us, myself included, have a problem of distinguishing actual questions from strategic attacks made to look like actual questions.

P.S. I think a lot of us had the same questions you have about xrp and digital assets in general. XRP or any digital asset is a very high risk, speculative, investment/gamble, that will rely on a lot of things to go exactly right for it to succeed.

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Whats fundamentally different about XRP is that it becomes exponentially more useful the more and more it is used.  At this point there is only enough liquidity to handle very small remittences in only certain markets but that's changing.  Right now the available use cases are limited based on available liquidity.  However, as liquidity grows (AND IT IS RIGHT BEFORE OUR EYES) more and more available use cases with exponentially greater utility become available.  What kind of use cases?  Ripple knows that XRP will soon have enough available liquidity to support Trade Finance, derivatives and the FX markets.   Not only is this exponentially (not linearly) larger utility but with that comes an explosion in speculative demand due to significantly lower risk.  I have no idea where the price eventually settles when XRP is mature and has saturated the financial markets with utility but I do know that it will behave like no other type of asset the world has ever seen.  If and when there is enough liquidity for XRP to facilitate the FX markets worldwide and pension funds park 2+% of their capital in the digital assets with the most widespread utility then I believe it will be a mature asset.  Wen mature asset?  2023-2025 seems likely.  Maybe we will see 2-3 market cycles throughout this time but I won't be selling any XRP until its penetrated much more utility.  It's exciting to watch the liquidity finally get off the ground and demonstrate meaningful bottom line changes to ODL clients.  It may not seem like it but the people running the innovation labs at the banks are closely watching what ODL is doing for Moneygram and other pioneer clients.  We will hopefully see Jevons Paradox and Metcalfe's Law beginning later next year or sometime in 2021. 

@superavd88 I believe the current price and overall crypto market sentiment is a dangerous distraction.  I'd urge you to look at the financial plumbing Ripple has built over the past 6 years and continues to build through bull and bear markets.  They are signing clients at greater and greater frequency and most importantly its never been easier for clients to utilize ODL (formerly knows as XRapid).  Research multi-hop and what this means for clients unwilling to directly utilize or hold digital assets.  They have a warchest of cash to expand the ecosystem and sure along the way certain ventures (such as Omni) won't work out but thats the nature of start-up business.  Finally, they have successfully decentralized the ledger and have an increasingly diverse set of UNL's.  I like that they are focused on the long-term and not doing short-term stunts such as burning 1/2 the supply.  Instead they are offering grants to the worlds top universities through the UBRI initiative.  The next generation of top talent will know Ripple and XRP because their education was funded by them.   There is no one else in the entire blockchain industry doing these sorts of things.  

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Good to also diversify, lots of other great crypto projects out there like CasinoCoin (CSC), VeChain (VET), and also important to get Bitcoin (BTC).

 

Never want to risk losing everything because you have no diversification. It happens a lot in stocks, look at Enron. 

 

I also hope you are only investing money that you can afford to lose, and effectively flush down the toilet, and have it be gone forever. 

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