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StarOrbiter

How long to millionaire status with 100k XRP?

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On a purely hypothetical and speculative level, when could a person who now holds 100k XRP hope to be a millionaire on that investment alone? 1 year? 10 years? 50 years? Within 10 minutes of this post?

And explain why you think it will take your speculated time frame to reach that valuation...

Hopefully this will be a fun, conjecture based post and subsequent replies...

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I think the key to success is Ripple's long term goal of being the backbone of the Internet of Value.  If and when money moves like data does now, and Ripple is involved, is when you'll see the big XRP gains IMO.  That will not happen anytime soon without the banks and their participation / liquidity.  Ripple is digging the footers for that foundation right now. 

Could it devalue completely?  Sure it could.  It's a speculative investment.

Edited by Phintech

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16 minutes ago, Phintech said:

I think the key to success is Ripple's long term goal of being the backbone of the Internet of Value.  If and when money moves like data does now, and Ripple is involved, is when you'll see the big XRP gains IMO.  That will not happen anytime soon without the banks and their participation / liquidity.  Ripple is digging the footers for that foundation right now. 

Could it devalue completely?  Sure it could.  It's a speculative investment.

Agreed 100% :good:

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23 hours ago, StarOrbiter said:

On a purely hypothetical and speculative level, when could a person who now holds 100k XRP hope to be a millionaire on that investment alone? 1 year? 10 years? 50 years? Within 10 minutes of this post?

And explain why you think it will take your speculated time frame to reach that valuation...

Hopefully this will be a fun, conjecture based post and subsequent replies...

I think it's better if you start looking for a job instead :)

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2 hours ago, tulo said:

I think it's better if you start looking for a job instead :)

I really only have about 500 XRP anyway, so I guess no millionaire status for me. I really want to get a real job but my mom says I have to wait till I'm 16. Till then, I guess I'll just have to keep mowing a lawn or two... You just can't beat honest labor. 

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For xrp to be $10 the total value of xrp will be 1 trilion dollars.

I dont see that happening without xrp being one of the 5 major accepted currencies in the world.

I believe i read somewhere that in america on a daily basis 78 trilion dollars is moved.

So to be honest I dont see xrp ever achieving that.

$1 per xrp is maybe doable in 7 to 15 years if everything goes well. ilp made sure that xrp is not needed anymore for transactions between ledgers for the major currencies. So whats left is the fx market for the rest. Might be 10% or so (my estimate, i have no idea)

Edited by deemdior

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Well, lets calculate when possibly holding 100k XRP would make someone a millionaire:

Price of XRP:

Year 2013: 0.06 (December)
Year 2014: 0.02787 (December 17)
Speculation:
Year 2015: 0.015 (December 30)
Year 2016: 0.05574 (mid to late)
Year 2017: 0.240
Year 2018: 0.05574
Year: 2019: 0.030
Year 2020: 0.314
Year 2021: 0.11148

By year 2021 your 100k XRP might be worth over $11,148, hardly a millionaire.  Your job is to trade your way to having millions of XRP by year 2021, if you can accomplish that then you might have something to retire off by year 2021.

Now, by year 2052 each XRP might be worth $57.07776 each.  At that price your 100k XRP will be worth $5,707,776 right around when you just got your Medicare card in the mail along with a ton of AARP offers.

 

Edited by FNetV1
To add a little bit more detail.

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16 minutes ago, FNetV1 said:

Well, lets calculate when possibly holding 100k XRP would make someone a millionaire:

Price of XRP:

Year 2013: 0.06 (December)
Year 2014: 0.02787 (December 17)
Speculation:
Year 2015: 0.015 (December 30)
Year 2016: 0.05574 (mid to late)
Year 2017: 0.240
Year 2018: 0.05574
Year: 2019: 0.030
Year 2020: 0.314
Year 2021: 0.11148

By year 2021 your 100k XRP might be worth over $11,148, hardly a millionaire.  Your job is to trade your way to having millions of XRP by year 2021, if you can accomplish that then you might have something to retire off by year 2021.

Now, by year 2052 each XRP might be worth $57.07776 each.  At that price your 100k XRP will be worth $5,707,776 right around when you just got your Medicare card in the mail along with a ton of AARP offers.

 

Wow I love how random every single number in this post is! :)

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