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Re: Crypto Blowing Up
 

Opinions on XRP?

Re: Crypto Blowing Up
 

Never held, and never purchased Bitcoin, but want to reach a point where Bitcoin ETF's create a minimum wage job for me on the side through the monthly dividends.

I don't think they're going anywhere anytime soon. I've been talking about them for months, possibly a year. One guy owned more than 50,000 shares, made all of his money back, and now it's just free money, even after taxes.

I'm more interested in this than actually owning crypto. Yes, they're high risk, but still going strong. Yield fluctuates, but it's paying better than the S&P 500 (for now) far far far surpassing their annual yield of 10%

Re: Crypto Blowing Up
 

Hopefully you diversify with other ETFs too - lots of opportunities in the stock market

Re: Crypto Blowing Up
 

Tbh I’m not into XRP. It’s not decentralised at all, it’s basically the opposite. Controlled by Ripple and backed by VCs. The only reason it’ll likely do well is because of the money behind it and its ties to traditional finance.

That said, it is built to work with ISO 20022 which is the new standard for global banking communication. A lot of big institutions are shifting over to it, and XRP is one of the cryptos designed to integrate smoothly with the banking system. So while most of crypto is trying to move away from banks, XRP is positioning itself to be used by them.

That's why I think it will do well, but it's not something I'd hold my wealth in, easily seized etc.. they can freeze your wallet at a moments notice.

Re: Crypto Blowing Up
 

Good analysis dabuds420 - quite a few ppl speculating on it to take off

Re: Crypto Blowing Up
 

Any one gambling with memes ?

I managed to buy Trump coin the weekend it came out saw my purchase 2.5x but didn't sell lol. Still hoping there is another pump at some point this year otherwise the presidents crypto team rugged me.

Re: Crypto Blowing Up
 

Not really into gambling with them - there are opportunities to pump/dump or alternatively, short...but that takes timing, luck and big amount of $ to gamble with - you want to gamble in the market? Might want to look into options.

Re: Crypto Blowing Up
 

unlikely for those who bought at the peak of trump meme coin price earlier this year :(

Re: Crypto Blowing Up
 

118k BTC/USD on Kraken

Re: Crypto Blowing Up
 

Crazy, I had 7BTC I cashed in about ten years ago and got $8000 from CampBX. Imagine if I had held onto them today :p

Re: Crypto Blowing Up
 

Best not to think of the past :( I hear you though - likely you need the cash at that time...

Anyhow, nice upp'ing this period...

Re: Crypto Blowing Up
 

80% increase since July 24, 2024 - relative proof of at least 1 year patience...

Re: Crypto Blowing Up
 

Yes I believe it will go higher as time passes, until they determine the final CBDC they wish to use, in which case they will reset BTC and other crypto values to zero to force everyone to accept the chosen CBDC. It's all a time game, and if you are one of the privileged few, you know when to be ready for the crash...

Re: Crypto Blowing Up
 

As long as the Elite use bitcoin as a store of value that will never happen.

Re: Crypto Blowing Up
 

Lock it down well :thumb:

Re: Crypto Blowing Up
 

This is true

Re: Crypto Blowing Up
 

test post test post

Re: Crypto Blowing Up
 

have you sold yet?

Re: Crypto Blowing Up
 

Time for a September crypto run up

Re: Crypto Blowing Up
 

Not yet :-)

Re: Crypto Blowing Up
 

When are you plannin to?

Re: Crypto Blowing Up
 

Did you finally get your feet wet with crypto?