Bitcoin Forum

...Only the coins that are transferring massive value will reach those levels, not all the coins, and certainly NOT the XRP coins that you're holding, doing nothing, in cold storage, or sitting idly on Coinbase.

Get it?

I think this may finally be the explanation that unravels the mystery of the mythical "$10K XRP".

So, no, you will NOT get rich by holding XRP, unless YOUR XRP is being used to transfer a lot of value and settle massive financial transactions. The value of your particular XRP tokens will depend on how much value each of them is holding. Some of them may be worth a few cents, some a few dollars, and some a few thousand dollars.

This is how you're going to be prevented from getting rich. You didn't actually think that all you had to do was buy a few XRP at 40 cents, sit on it for a few years and, voila`! you never have to work again, did you? Didn't think so. Life ain't that easy.

My guess, at least. You're welcome to prove me wrong, and I hope you do.

Did anyone here understand what I just posted at all??

I agree, currency that's not being used for anything else than "number goes up" is just another worthless pyramid scheme, the biggest of them all is Bitcoin.

Lol no I was thinking the same thing.  The price of coins has everything to do with supply and demand.  There are underlying things that make those demand signals grow or decrease but in the end the price of any coin or financial instrument depends on that.  If more people buy than there is available to buy then the price will go up if reverse then it will go down.  Simple as that.  Bit 10k xrp is just not possible because of the supply.  The economics just don't add up.  This isn't a difficult thing to understand.

What a stupid way of reasoning, and from just this I can tell you know nothing about Bitcoin. Maybe you could do yourself a favor and try reading the Bitcoin white paper to avoid future embarrassment. You could get some ideas about supply and demand along other things.
I also doubt if you know what a pyramid scheme is.

Even if XRP is being used to transfer a lot of value, the price is never going to $10K. Certainly not. I don't know what most people are on but they can't make up these unrealistic predictions without factoring in key components like the total and circulating supplies, current price, marketcap and marketcap at the predicted price. From $0.6 current price to around $10K would mean over a 10,000x increase from the current price at which the marketcap will even surpass Bitcoin if not gold. That's definitely not going to happen. XRP is cooked.

From the answers I received so far, it's clear that none of you understood my thread at all.  ::)

This is one thing that people often don't realize: A coin that is almost useless and has no organization or any big company willing to use it for anything isn't likely to improve with time and might die over time if care isn't taken or if there isn't any improvement.
XRP is a good coin, but it's being neglected. I expected that after Bitcoin and ETH ETFs, XRP should have been next, but it's being passed over in favor of Solana. This is probably because of the SEC lawsuit which is bad for the coin.

My point was that not all XRP in the future may not be valued the same. Let me explain.

Let's say you're a corporation in Miami that sends 100 million dollars of XRP to Hong Kong. It's split evenly among 1,000 XRP coins. Theoretically, that would make the value of those coins $100,000 each. But that doesn't mean the value of everyone's XRP is now worth $100,000 each, only the corporation's 1,000 coins. The 946 XRP sitting in Joe Blow's Coinbase account in Cleveland isn't going to be worth $100k each, because he hasn't put any value on that XRP.

Do you have an answer on how that's going to be implemented? I mean, coins trade on markets, where there is supply and demand: why a unit of XRP, for example, would be valued differently, and not equally at any given time?

I am a C++/ASM developer with 25+ years of exp. and understand how Bitcoin works not only from white paper but also from the source code  ;D ;D ;D

White paper quote:

It stopped being cash because it stopped evolving and instead put all the work on L2's which are one big failure and can't even work when L1 is congested  :D
Now it's Digital Gold Digital Property  :D

The only cryptocurrency that's really delivering and not endlessly promising is Monero  8)

To put it in perspective, Bitcoin is HTTP on a 56k Modem connection while Monero is HTTPS on a fiber-optic connection  ;)
People may not care about privacy but still use HTTPS everywhere today.

If there is an option to pay with cheaper, faster and more secure currency  then people will choose it over the other, as we can see in real world examples:
https://x.com/shopinbit/status/1811651225005195471 (https://x.com/shopinbit/status/1811651225005195471)
https://x.com/CoinCards/status/1809702144288882870 (https://x.com/CoinCards/status/1809702144288882870)

You can not deny the reality  ;D the true demand is where the usability is - simple as that.

I stopped predicting which technology would prevail based on the fundamentals years ago. That goes for any technology.
HD DVD, for example, was technically superior to Bluray, yet it is now obsolete. Same with Betamax, which lost to the inferior VHS.
Fundamentals are only part of the story. There are many other factors that determines a project's success.

Could the price of each coin be set based on average value?

In other words, the price of XRP would be the average of all the coins in existence, including the ones that transfer massive value and the 'low value' coins, that are sitting idly on exchanges and cold wallets.

Anyway, if this is how it'll work, XRP still can't reach "$10,000", anyway, because the vast majority of coins will be idle. Only a small minority of them will be elevating the price (the ones moving a lot of money). But these "high value" coins will be greatly offset by the rest of the 'deadbeat' ones. It's kind of like society itself-- the deadbeats drag down everyone else.  ;D

Finally someone smart to talk... Yes, better tech can lose to better commercialization.

I still believe in Monero, but even if it stays in the niche segment it will only mean that the price will be more stable  8)
Sure I would like it to make 10x or more... but I'm happy even if it stays at current price.

👍

I have always been skeptical about XRP and even if huge financial transactions takes place in XRP still I don't think people who are holding XRP can get rich due to its centralized nature as demand and supply can be manipulated by the dev team.

I think it's bitter pill to swallow because most of the investor's think it's as easy as buying and holding the coin which does work for Bitcoin and few other coins if you take entry the rock bottom or right time and have enough patience.

Only losers will be holding XRP and thinking it would make them rich.

Nope, doesn't work that way. They are using a chain that is powered by this chain, but they are not using your XRP to move money around. Meaning, one xrp can't be bigger than the other, that is not how it works and it will all be the same price, that is just how the tech behind it works. You may feel like you found something here, like "if my xrp is used to move a billion dollars around, my xrp could worth 10k!!!" but nope, that is not how that works at all.

You have no idea how the technology behind it works if you think of it like that, it's totally irrelevant. They are not moving your xrp, they are not getting your money to make something, that is not the system, your money is your money and your money is not used to move billions around, so all of the xrp's will always worth the same.

You can keep thinking the way you think, you can tell us that we are wrong and you are right, but when it doesn't happen, you will realize that you are wrong, and will not come back and accept defeat, so there is no reason for me to keep on arguing with you. Just know that you are wrong, don't tell me you are right, I know you are wrong, just know that and make sure, I am not interested in getting into an argument, I am just trying to help.

I never claimed that they're going to be moving my XRP; I claimed exactly the opposite. I said that, perhaps, only the XRP tokens that are moving big money will be worth a lot, meanwhile my XRP tokens, which are not moving anything, will be worth much, much less.

The XRP limit is 100,000,000,000, meaning that it will never reach 1000 dollars unless the supply gets burned or the entire money in crypto circulation is on XRP, and neither will happen.

So no, it won't reach 10,000 dollars or near the 1000 line.

I would need to go a bit deeper into the XRP to say something about it, however, thanks for a point with which I would go along (the first paragraph). I just don't see how the coin would be worth more or less from the volume it moved around ;)

Exactly. Market cap is everything, contrary to what some morons would have us believe. If 'market cap didn't matter', my XRP would routinely rise by 100X-500X in a matter of months.

Tell that to all hamsters that still believe in it and can't accept that it's nearly dead.

Well I do hodl some xrp tokens in my crypto portfolio. I am not going to sell them but to say this about 10k per coin I think is way too 'bullish'. I do hope I am wrong about it but that is how I think.
I do think XRP does have many good uses for it. It is a coin I do think there will be big profits when there is another bull run.

It's a good way for every coin that you trust to have potential, really. Have only a little portion of it, even if it dips down, you won't be in a very big minus. Otherwise - a little bit happy to have some profit from it. It's not fast to grow this way, but it's sure more enjoyable, in my opinion.

The Hamsters are the most retarded of all the time, especially with the Airdrop and game thing.
3 months ago the price was 0.0000001 per coin and now it's 100 time cheaper. and the Airdrop will depend on the hourly amount you have, meaning to get 1 dollar from the Airdrop you must have 10000000000 hourly coin, not to mention that people will sell the coin once it get It be officially listed.
The hamster coin will not even cross the 0.0000001 line in 5 years and yet some people still wait to buy it or hope on the airdrop.
HAM will be the biggest scam after CUM coin

Notcoin was also seen as a scam before ;) Just saying.

Can you imagine XRP suddenly rocketing to the #1 spot on CoinMarketCap, with a market cap in the hundreds of trillions, leaving all the other cryptos in the dust, including Bitcoin? I can't, lolz.

Me neither ;) We have bigger fish to fry in terms of potential.

I can't imagine this happening as well. Knowing that ETH is having difficulty returning to ATH, I don't think a coin like XRP can reach $10,000. With all the issues that they have as well, it's never going to get an ATH. The developers might just dump on the people as well so it wouldn't reach high for sure.

It's a possibility worth considering, however, I don't think people are going to be dumped, it's just that the expectations can be too high regarding what can be earned in the process. I hope their founders or something along the lines won't get sued as I heard recently about some coin related to a social network, don't remember the name. The price dipped to hell ;)

Not sure if you are referring about his post but if it's about the XRP only then no, you don't really need to. XRP is like any other crypto which are speculative, so it's okay if you can just say something especially about the price (i.e. prediction) and then it didn't happened. XRP, despite its supply that have been discussed by other members, it is still possible for this coin to increase its value even a little more, same goes to when its value goes down but the more its value can go down than compared to when it goes up, for the same reason that is said earlier or about its supply. XRP also had some anomalies and some says that it was like a shitcoin. This is another reason for the dumping of its price.

Well I do think we are going to see some big gains for hodling this token. There is some good news in this last week so the price of XRP is up close to 10 percent.

Grayscale has launched a xrp fund. And this can now lead to a etf for the token. And it is big news for the token it is now on Robinhood.

https://bitcoinist.com/xrp-robinhood-grayscale-1/