XRP should I invest or is it a waste of time?

[thehawkman]

Just put in small amounts every month or every quarter. And then treat that money as already lost. That way you won't be tempted to time the market or fall into a gambling state of mind. I do the same with stock market investing and just by buying and holding I've done pretty good for myself, considering i do not have access to any inside information.

 

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[Frances Kelleher]

Just put in small amounts every month or every quarter. And then treat that money as already lost. That way you won't be tempted to time the market or fall into a gambling state of mind. I do the same with stock market investing and just by buying and holding I've done pretty good for myself, considering i do not have access to any inside information.

So I did this myself about 5 years ago. It was 250 euro I put in as a once off test.
Then they started calling me non stop after a few years saying it was huge money and that I needed to send my passport details etc etc to get the money. It screamed scam, identity theft etc so I left it.
Now for the last 2 years I have different people calling me, they say they are anyway but they act as weird, every week saying that it was a scam and that these people calling me now are trying to help me get my big money back.
When I question them or say I will arrange a time to speak to them, they come up with all types of excuse so I have just ignored them too.
It all just screams shady to me so that is why I do not trust any of it! Thank you.

 

[ZackerySprague]

BTC was never meant to be an investment asset class. Original it's sole purpose or creation was to be a Peer to Peer lending system that would allow two parties to trade currency without a financial institution in the middle since the public lost trust in FI system because of the 2008 crash.

It's interesting how it has now become mainstream and an investment asset class that is very volatile.

In a ColdFusion video, it was stated that the US government was going to purchase 1 million BTC, the Federal reserve already has 207,000 BTCs out of the 21 million supply.

They suspect that the stock price of BTC will become $500,000 and hopes to sell their holdings to decrease the deficit in half.

Another way to trade without using fiat currency.

View: https://m.youtube.com/watch?v=d_zBaH2sXEE&t=232s&pp=ygUKY29sZGZ1c2lvbg%3D%3D

 

[EmotionEngine]

BTC was never meant to be an investment asset class. Original it's sole purpose or creation was to be a Peer to Peer lending system that would allow two parties to trade currency without a financial institution in the middle since the public lost trust in FI system because of the 2008 crash.

It's interesting how it has now become mainstream and an investment asset class that is very volatile.

In a ColdFusion video, it was stated that the US government was going to purchase 1 million BTC, the Federal reserve already has 207,000 BTCs out of the 21 million supply.

They suspect that the stock price of BTC will become $500,000 and hopes to sell their holdings to decrease the deficit in half.

Another way to trade without using fiat currency.

View: https://m.youtube.com/watch?v=d_zBaH2sXEE&t=232s&pp=ygUKY29sZGZ1c2lvbg%3D%3D

An interesting endeavor by the government but I don't believe they will get 1 million BTC even though they have around 202,000 coins already due to criminal confiscations. The liquid supply is dwindling and currently around 1.7m. In the meantime it continues to get sucked up by companies like MicroStrategy, Marathon, ETFs, retail investors and other entities. Of course there will only ever be 21 million BTC and we're currently at 19.79 with the last to be mined in 2140. After the 2032 halving, miners will receive only satoshi's and not a Bitcoin for the first time ever. We'll see what happens though.

MicroStrategy owns 439,002 BTC as of today and I don't think the U.S. can catch them and their CEO is orange pilled to the max.

https://twitter.com/x/status/1870075629821145598

 

[NewManRising]

Same thing could be said about bitcoin I suppose. Thanks for your feedback.

You and I both know XRP isn't going anywhere. It's not cool to hype coins like we are on Reddit where you hope your $1500 of XRP goes up 10%.

Thanks for your feedback.

 

[thehawkman]

Frankly, I'd put in a small amount every month one that you wouldn't regret and wouldn't need. Even a thousand dollars invested into bitcoin would have amounted to quite a lot today. Don't try to pick "the right moment", no one can. Imagine the people who sold bitcoin at 25,000 thinking it had run its course.

 

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[thehawkman]

Oops, I knew I'd posted something similar before. TBH though, the bitcoin family has basically shifted from money to an asset, like stocks, so no one is going to give it away by buying something with it (or at least to me it seems it doesn't make sense to pay with it), But buying and holding it doesn't seem to make much sense either, since sure, it goes up but you will never find the right moment to sell (like i said above, anyone who sold at 25K or 10k is now kicking themselves) but holding without selling doesn't really yield anything because the only way to benefit from that rise is to sell it, so it's a conundrum. To me it makes more sense to invest in dividend stocks. That way you make money without trying to time the market every year (or every quarter, as is the case in the US from what I know). You can then reinvest the dividends.