Lets do the simple math. Current BTC for 1 coin is

Question

Lets do the simple math. Current BTC for 1 coin is

26,293. So if you buy 1 coin at 26, 293 and expect to double your in vestment, btc 1 coin would have to go up to 52,586... for you to make 26,293 profit.

Lets invest the same in XRP....
26,293 buys you, at XRP price today, of .50, you get 52,586 coins. So if XRP only goes up to 1.00, you have doubled your money, and made 26,293 profit.
So which is more likely to happen? BTC going up 52,586 per coin, or XRP going to 1.00?
Any fool can see which is the better investment.

#cryptocurrency #english #xrp

0

31.08.2023

16 ответов

55 просмотров

Cutsteel Автор вопроса

Now dare to think what happens to your 26,293 investment if XRP price surpasses bitcoins price. What makes you think XRP cannot become the same price as Bitcoin?

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31.08.2023

Holodomer 🇺🇦

Cutsteel
Now dare to think what happens to your 26,293 inve...

As long as Ripple Inc burn the 50 billion xrp in escrow, I don't see that price being possible. They'll literally dump because that will make the the richest on the planet 50billion*$26,293 = $1.31465e15 that's stupendous 😆

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31.08.2023

Cutsteel Автор вопроса

Holodomer 🇺🇦
As long as Ripple Inc burn the 50 billion xrp in e...

They only have so much they can put out onto the market. I do not see this as a bad thing in the long run. What it tells me is, they are supplying the growing market at a steady rate, to keep wild price fluctuations in check, and liquidity flowing without wild price swings. Once there is enough placed into the economic system, then it will be at the going market demand. This is just to stabilize the system until then. Crypto escrow is a third-party service that acts as an intermediary to increase the security of transactions.1 It involves sending cryptocurrency to an escrow service for safekeeping, followed by the seller sending the product to the buyer and submitting tracking information to the escrow service. The buyer then verifies that they have received the merchandise. At the moment, Ripple holds around 47 billion tokens worth roughly $64 billion. These coins are locked in an XRP Escrow set to gradually release them for sale in the market. Notably, the XRP in escrow is slightly more than the 45 billion XRP already circulating in the market. https://zycrypto.com/ripple-open-to-burning-nearly-50-billion-xrp-locked-in-escrow-ceo-brad-garlinghouse/

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31.08.2023

Graeth

Holodomer 🇺🇦
As long as Ripple Inc burn the 50 billion xrp in e...

It's possible merely because there is no cap to fiat.

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31.08.2023

Cutsteel Автор вопроса

Graeth
It's possible merely because there is no cap to fi...

Exactly, fiat is ink printed on paper, and inflation makes it worthless, ie : Venezuela currency, US currency will do the same. XRP will be a hedge against inflated dollars, holding purchasing power. Once the people wake up to that fact, the demand for XRP will rise, and inturn that rise in acceptance, will make it more valuable.

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31.08.2023

Holodomer 🇺🇦

Cutsteel
They only have so much they can put out onto the m...

There's the problem Ripple Inc will forever control the shares outstanding indefinitely if that's the case. Nothing you & me can do to influence the price. Not sustainable. It's just like a stablecoin fluctuating $0.30 – $0.60 anything above that short anything below 👆 buy Ripple Inc can decide what the price of XRP should be 🥺

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31.08.2023

Cutsteel Автор вопроса

Ripple has a maximum supply of 100 billion XRP coins, it is not an infinite supply to just be printed at will like fiat.

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31.08.2023

Graeth

Cutsteel
Exactly, fiat is ink printed on paper, and inflat...

1.2 million per xrp and climbing

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31.08.2023

Holodomer 🇺🇦

Cutsteel
Ripple has a maximum supply of 100 billion XRP coi...

And that same 100 Billion pre-mined XRP only half of it is shares float & yet failing to reach parity with the Dollar with Trillions printed and more still being printed hmm

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31.08.2023

Graeth

Holodomer 🇺🇦
And that same 100 Billion pre-mined XRP only half ...

They're not shares

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31.08.2023

Holodomer 🇺🇦

Yes Tokens equivalent to shares in equity

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31.08.2023

Graeth