Ripple the company has always been clear about the
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Posted On: 01/26/2018 2:36:15 PM
Re: derekdavis05 #879
Ripple the company has always been clear about the plans for XRP. For it to truly become the bridge asset we all know it will become, liquidity has to increase many times over. Example is India. They receive about 70Bn a year in retail remittance from their workers that are overseas. For XRP to successfully bridge that amount, every XRP in existence would have to be sold at the same time for about $1. Problem is that most retail investors will be hoarding their amount, Ripple the company would not be able to release all their XRP in escrow, so for this to happen, the price of XRP would have to be much higher. Now add all the other countries that receive retail remittance. Add in all the MoneyGram customers, MercuryFX customers, banks, companies like UBER, Amazon, etc.
For this all to be possible, they need to have their Ripplenet used by as many banks and FIs as possible, they need many nodes and validators, and finally they need many Market Makers, exchanges, and broker dealers to increase liquidity.
If you have been following their updates, blogs, articles, and quarterly reports, you will see they are executing on every level.
This is not a penny stock pump and dump scenario. This is going to be the future. Sure, many will sell and take profits, but the legendary people that HODLed (hold on for dear life) Bitcoin and got crazy rich didn't do so by dumping. Those that dumped actually lost out huge. So the culture in crypto is to HODL.
The risk here is that banks and FIs never adopt XRP. However, they don't have to because of xRapid. They don't have to hold XRP to use it. Anybody can build a better payment system, of which Ripplenet is one of the greats, but no one can SETTLE in real time without XRP. Understanding this difference will either make us rich, or richer.
For this all to be possible, they need to have their Ripplenet used by as many banks and FIs as possible, they need many nodes and validators, and finally they need many Market Makers, exchanges, and broker dealers to increase liquidity.
If you have been following their updates, blogs, articles, and quarterly reports, you will see they are executing on every level.
This is not a penny stock pump and dump scenario. This is going to be the future. Sure, many will sell and take profits, but the legendary people that HODLed (hold on for dear life) Bitcoin and got crazy rich didn't do so by dumping. Those that dumped actually lost out huge. So the culture in crypto is to HODL.
The risk here is that banks and FIs never adopt XRP. However, they don't have to because of xRapid. They don't have to hold XRP to use it. Anybody can build a better payment system, of which Ripplenet is one of the greats, but no one can SETTLE in real time without XRP. Understanding this difference will either make us rich, or richer.
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