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Ubani · 2025-01-20T12:40:42.280695Z

Had to build up some cash reserves now in case it crashes today. I was able to make a return of just under 570% on Xrp.

Alexander_Bitcoin@Alexander_Bitcoin

1Settimana

is good yes.

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KerryS@KerryS

1Settimana

A quick question from someone who has nothing to do with crypto. Why would it crash? I can imagine that it has something to do with Trump, but does he have something against xrp?

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Darth Vader@TheRealDarthVader

1Settimana

@KerryS This is called sell the news. You buy speculatively until the day it actually happens, then you sell to dump from the no hands who have no idea, so to speak. It happens all the time. So either get in at the beginning or stay out until the bubble has burst and then get in!

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Ubani@Ubani

1Settimana

@TheRealDarthVader well explained 🙏

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Steve91@Steve91

1Settimana

@TheRealDarthVader would you buy the dip then?

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Darth Vader@TheRealDarthVader

1Settimana

@Steve91 As I have already realized profits in cryptos, I am currently cautious. I only see a really good entry opportunity again after Bitcoin has fallen by about 30-60%, the altcoins will then go with it and if you really want to buy a certain altcoin there I would then get in. But if you really want to get in now, I would wait until tomorrow because there might be a sell-off today!

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Steve91@Steve91

1Settimana

@TheRealDarthVader I was just thinking about getting into xrp. I still believe in a doubler.

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Darth Vader@TheRealDarthVader

1Settimana

@Steve91 Could be but would only get in tomorrow... 2x is nice but do you manage to realize the profits after 2x or do you think it will do 2x again until it crashes under your nose and you hold the bag for 4 years until the next cycle! ;) set yourself clear sell points and pull them through your later me will thank you💪

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Epi@Epi

1Settimana

Why "had to"? Did someone force you?

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Ubani@Ubani

1Settimana

@Epi Yes, healthy people understood. Don't get greedy.

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Epi@Epi

1Settimana

@Ubani Aha, and he drove you up to 570% in a Shitcoin? 😅

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Ubani@Ubani

1Settimana

@Epi ne have already sold 75% at 2.41

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Vincent@VincP3

1Settimana

@Epi since when is xrp a shitcoin?

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Ubani@Ubani

1Settimana

@VincP3 since it has the 3rd highest market capitalization 😜

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Vincent@VincP3

1Settimana

@Ubani ah, sounds pointless

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Epi@Epi

1Settimana

@VincP3 Bitcoin or Shitcoin. 🤷
I'm a simple minded person.

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Vincent@VincP3

1Settimana

@Epi aha

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Stefan21@stefan_21

1Settimana

@VincP3 Why shouldn't a premined coin that is controlled by a company and has no application in RippleNet be a shitcoin?

What does XRP exist for?
Ripple Labs was able to generate significant revenue without having to fulfill the regulatory requirements of an IPO.

Is XRP decentralized? No.
Do banks use XRP for transactions? No.
Will they ever do so? Highly unlikely.

It's hard to imagine a bank accepting a system where most of the supply is in the hands of a centralized company. Even if Ripple Labs were successful and banks were to use RippleNet instead of SWIFT, XRP would be irrelevant.

Why is Ripple launching its own stablecoin now? The answer should be obvious.

Ripple Labs regularly sells XRP shares to generate liquidity. Basically, this is the equivalent of a long-drawn "rug pull", where XRP holders are the company's long-term exit liquidity.

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Vincent@VincP3

1Settimana

@stefan_21 Thanks for the insights

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Ekrem@OnlyEko

1Settimana

I am at a return of 970 % myself and will now also go out

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