Post #368 XRP INFO FOR THOSE INTERESTED
Stop worrying about XRP’s price. This isn’t a day trader’s game which is why many of you will lose. XRP is a Set-it-and-Forget-it game. You will be wealthy if you hold. Here’s why:
If you are holding XRP hoping for it to go to $1.00, $10.00, $100.00, just know that it will, but you have the wrong mindset.
The US Dollar is on its way out, fiat is on its way out. By holding XRP, or BTC, or any coin or token waiting for it to reach high dollar cost, you are essentially falling into an inflation trap.
What you must work on now is not asking yourself and others how high XRP can go in US Dollar swap out exchange price, you must begin to ask yourself “What purchasing power will my XRP bring?”
XRP isn’t setting itself up to be the world standard for the crypto space, IT IS set up to be the world standard in the crypto space.
What does that mean?
It means that the world’s most powerful banks are already positioned for the transition from the US Dollar as the World Reserve Currency to the next world reserve standard. And what token are they using to replace SWIFT? XRP. They say it all the time specifically by name. Prices will remain low for institutional adoption before the inevitable fall of the US Dollar. It may take a day, a week, two years, it doesn’t matter, all you need to know is that you are holding digital gold by holding XRP for the long haul.
So in order to have an idea of what the true value of XRP will be you must first factor in multiple things.
1) XRP is designed for large cross border settlements.
What does that mean? It means its not designed for you to buy products on Amazon. Its designed for large financial institutions to move extremely large sums of currency, cross border, rapidly.
In simple terms, its made to be used for moving hundreds of thousands to millions in today’s value of US Dollars quickly from Central Bank to Central Bank.
I’ll let your imagination run wild in what that could possibly mean for the true value of XRP with only 100,000,000,000 in existence and with each transaction that number decreases.
2) There are 100,000,000,000 XRP in existence, premined, and decentralized.
This is important to factor in because it means no one country can invest in mining ops and have the lions share of the total supply, thus hurling the world into financial ruin if they choose to flip a power switch
This is also important because no bank can inflate the currency like the Federal Reserve does to the US Dollar with infinite lending
Finally, this is important because there are only 7,000,000,000-8,000,000,000 people on earth meaning that if all of them were to hold XRP evenly divided they’d only hold ROUGHLY about 14 XRP each… there isn’t enough to go around.
3) This is speculation, but cannot be ignored or ruled out. XRP can potentially be backed by or partially backed by physical Gold.
This is important to factor in because fiat debt is over $145,000,000,000,000 in unfunded liabilities. There is no way to clear that debt without a reset and revaluation of a monetary asset… A MONETARY ASSET… So when people post about “Muh yellow rocks” it just shows how little they understand finance and MONEY.
IF XRP is backed by physical Gold, you WILL have an overtaking of Bitcoin as the king of crypto as the true value of Gold is conservatively $14,000 when adjusted for inflation conservatively and well over $30,000 when adjusted with inflation plus the debt load.
I hope this helps some of you who are frustrated about not making a quick buck. This is far bigger than you realize.
*COPIED FROM INTERNET, CREDITS TO ORIGINAL WRITER*