Once everything is tokenized and liquidity is flowing constantly every single day in XRPL,definitely the value of the token increases to facilitates all transactions and it can't be dirt cheap according to ripple CTO, 5 digits price on xrp is not impossible whatsoever not financial advice, thank you for this video, i hope it will reach many more people and help them understand how this technology works.
Jake, thank you for the content and education! I hold XRP, HBAR and XDC. I plan to sell 75-80% of my HBAR in 2025, but I’ll hold all of my XRP and XDC for 2030 and beyond, assuming we will have opportunities to lend and earn interest on them at that point. I truly believe we are all fortunate to be early and awake while everyone else is asleep and thinking this is all a big scam.
Thanks for watching - sounds like you have made some solid choices for utility. We run due diligence for my dealflow in the Mastermind group - would love to see you in there
I think is a very good explanation, thanks! I have a question though, why BTC can't replace these many transactions that you were talking about? Using layer 1 for big transfers and opting for layer 2 for small transactions
Hey! Just wanted to say I appreciate your videos so much…encouraging to now have insight on how to position with key folks for creating wealth and having resources working for me. God bless you and your business! K
BUT....ODL doesnt boost price tho (Ripple have confirmed this) so how does the price go up with such a massive supply?! The only thing i can see that might help is the XLS30D AMM update coming this year...if that doesnt do it then maybe the Burn rate increasing might...?
Not being devils advocate because I really want to know..... what happens when it's declared an unregistered security or in some way deemed illegal for use in U.S? I'm honestly curious
Then we move. Honestly man... the SEC only has jurisdiction in the US... Ripple is a global company, and XRP is being adopted and used globally... markets don't like the unknown. I believe no matter what the ruling of this case is for XRP in the US... XRP pumps...
So, this video is now over one year old. You mentioned that Well Fargo has reduced its overdraft fees to $10. As of today, via WF site they are still reflecting $35 over draft fee. What am I missing or not understanding?
Jake, thanks so much for putting together this very informative video. I would like to ask your opinion about the following scenario; Let’s just say that because of the money 💴 printing there will be a melt up (as you know the effects of money printing take a year 1/2 to be felt/seen and after that we go through a sudden price drop or a melt down if you will, but at the same time every Bank is ready to use XRP. Do you think the price of XRP will go down once again or to the actual levels ($0.50) that we have today ? Or do you think that the flip of the switch will keep the price high and stable? After all, the CTO has even mentioned that the asset “can’t be dirt cheap” Your reply would be greatly appreciated !!! Thanks again !!! Cheers 🍻
Its locked and they also have a large majority preallocated in contracts. Only 1billion are released onto the market each month to allow them to maintain price stability.
Thanks for the explanation but still trying to understand. In the future if XRP is$1000, and you need an XRP token to send money, why would anybody spend $1000 to send $100?? What am I missing here? Wouldn’t it end up being too expensive to use??
Thanks for this content! If settelment is instant why could every token just be used 10 times and not potentialy hundreds or even thousends of times per Day?
great question. This statement is based on the calculator Robert Mitchnick created while at ripple that only allows the xrp to be used a max of 10x per day.
@@bernerdani I would like to know too. I found this - There's no limit on the number of times XRP can be used in a day. XRP transactions are processed quickly and efficiently on the Ripple network, making it suitable for various use cases like international payments, money transfers, and even asset trading.
What happens if the world wants to all tokenise at the same time? You know how trends go everyone wants in except it is the way of the future L. Why will it have to be a decade. Will the ledger handle if say everyone wanted to tokenise at the same time. I already know things will start to move fast soon as it starts ?
At $10k an XRP, it's market cap would be $10 quadrillion. More valuable than everything else combined. That's like me saying BTC will be worth $1 trillion.
Join my Mastermind community on Discord and get exclusive info and dealflow - Visit mastermind.beyondbroke.com
Thank you sir!!, I have watched this video 3 times now, I really appreciate the way you break this down!
Thank you for taking the time to watch!
Thanks for this… I no longer have to explain this at ad nauseam and can just direct people to your video. 🎉
Appreciate it!
R3 also uses XDC
Pretty sure it's the "main" settlement token too.
yep!
Once everything is tokenized and liquidity is flowing constantly every single day in XRPL,definitely the value of the token increases to facilitates all transactions and it can't be dirt cheap according to ripple CTO, 5 digits price on xrp is not impossible whatsoever not financial advice, thank you for this video, i hope it will reach many more people and help them understand how this technology works.
Thank you Leonardo!
I've been looking for this kind of explanation for some time. Thanks!
Thank you! Glad you enjoyed it!
Jake, thank you for the content and education!
I hold XRP, HBAR and XDC. I plan to sell 75-80% of my HBAR in 2025, but I’ll hold all of my XRP and XDC for 2030 and beyond, assuming we will have opportunities to lend and earn interest on them at that point. I truly believe we are all fortunate to be early and awake while everyone else is asleep and thinking this is all a big scam.
Thanks for watching - sounds like you have made some solid choices for utility. We run due diligence for my dealflow in the Mastermind group - would love to see you in there
my 4th listen through. Great reminder. Thank you @JAKE
thank you for watching!
I think is a very good explanation, thanks! I have a question though, why BTC can't replace these many transactions that you were talking about? Using layer 1 for big transfers and opting for layer 2 for small transactions
I just found your channel... subbed.
Thank you! Appreciate you watching
Better late than never... great video Jake 👍 you explained it well.
Thanks for watching!
Finally brilliant, I'm blue in the face trying to explain this, thank you
Hey! Just wanted to say I appreciate your videos so much…encouraging to now have insight on how to position with key folks for creating wealth and having resources working for me.
God bless you and your business!
K
Thank you Kirk, I sincerely appreciate it and thank you for watching!
Dtcc digital assets has ties to xlm xdc and xrp. Im buying all 3!
good call
Nice video to help give clarity for those that may have doubts
Thank you!
Jake explaining email like it was part of the Wild West. 🤣. Guess I’m just old cause that seems like a few years ago… a few… like 30. 😳
time flies!
BUT....ODL doesnt boost price tho (Ripple have confirmed this) so how does the price go up with such a massive supply?! The only thing i can see that might help is the XLS30D AMM update coming this year...if that doesnt do it then maybe the Burn rate increasing might...?
just hold for now, I see it as a chance to keep accumulating utility project tokens in this period
Wow this guy looks like a flattering hybrid of Blake Griffin and Richie Cunningham!
haha thank you
Really good breakdown man, thank you.
Thanks for watching!
Just seen u on tic toc live the absolute best explanation thanks
Thank you and thanks for watching!
Not being devils advocate because I really want to know..... what happens when it's declared an unregistered security or in some way deemed illegal for use in U.S? I'm honestly curious
Well if it is then the USA turns into a 3rd world country while the rest of the world is able to trade and do business..
Then we move. Honestly man... the SEC only has jurisdiction in the US... Ripple is a global company, and XRP is being adopted and used globally... markets don't like the unknown. I believe no matter what the ruling of this case is for XRP in the US... XRP pumps...
If you think it's going to be declared a security, you haven't been following the lawsuit for the last 2 years
@@Battleborn357 oh....I have followed
looks like we are on the right track for success now
Brilliant Jake!!! I am showing this video to my hubby ! Wish me luck 😂❤️🙏
Thank you! Let us know if he has any questions
What about Stellar XLM?
So, this video is now over one year old. You mentioned that Well Fargo has reduced its overdraft fees to $10. As of today, via WF site they are still reflecting $35 over draft fee.
What am I missing or not understanding?
Jake, thanks so much for putting together this very informative video. I would like to ask your opinion about the following scenario; Let’s just say that because of the money 💴 printing there will be a melt up (as you know the effects of money printing take a year 1/2 to be felt/seen and after that we go through a sudden price drop or a melt down if you will, but at the same time every Bank is ready to use XRP. Do you think the price of XRP will go down once again or to the actual levels ($0.50) that we have today ? Or do you think that the flip of the switch will keep the price high and stable? After all, the CTO has even mentioned that the asset “can’t be dirt cheap”
Your reply would be greatly appreciated !!! Thanks again !!! Cheers 🍻
what about escrow they will use that first and rippel will get all the profits
Its locked and they also have a large majority preallocated in contracts. Only 1billion are released onto the market each month to allow them to maintain price stability.
So,how and where do I open an account???
Thanks for the explanation but still trying to understand. In the future if XRP is$1000, and you need an XRP token to send money, why would anybody spend $1000 to send $100?? What am I missing here? Wouldn’t it end up being too expensive to use??
XRP is divisible up to six decimal points, with 0.000001 being the smallest unit, known as a "drop"
Thanks for this content! If settelment is instant why could every token just be used 10 times and not potentialy hundreds or even thousends of times per Day?
great question. This statement is based on the calculator Robert Mitchnick created while at ripple that only allows the xrp to be used a max of 10x per day.
@@jakeclaver Thanks for the answer! Is this just Mitchnicks Model or is it actually the case that it can be used just 10x per day?
@@bernerdani I would like to know too. I found this -
There's no limit on the number of times XRP can be used in a day. XRP transactions are processed quickly and efficiently on the Ripple network, making it suitable for various use cases like international payments, money transfers, and even asset trading.
Nightriders and boys club are solid bets.
What happens if the world wants to all tokenise at the same time? You know how trends go everyone wants in except it is the way of the future L. Why will it have to be a decade. Will the ledger handle if say everyone wanted to tokenise at the same time. I already know things will start to move fast soon as it starts ?
“BuH wUt aBoUT mArKeT CaP” 🙄
Only an idiot would think like that 🤣🤣
hahaha
This is our generations “oil”. Insane wealth by 2030 imho. 🔥🔥🔥 content
I'm going to have to use your analogy from now on when describing XRP as an opportunity.
Thank you for watching! I really appreciate it - hope you have been enjoying the new videos as well
More like our Gold Rush.
It would be great if you could enable the Spanish translation. Thanks
Fednow does this
Thanks for watching!
Very insightful video! A must watch 💯👍
Decentralized finance #Defi makes banks obsolete.. so doesn’t defi make xrp obsolete? Look into HEX. Not your keys, not your coins 👍🏻
Wonderful info but I’m distracted by how handsome you are lol
Thank you for watching!
At $10k an XRP, it's market cap would be $10 quadrillion. More valuable than everything else combined. That's like me saying BTC will be worth $1 trillion.
thank you for commenting, it helps my engagement
Whatever dude
@@shakyleg5929 appreciate you!
Yessir, thanks for the content
XRP For Dummies E Book
ur teeth make me feel like im on mushrooms lol
lol
Set to 1.5 speed. you're welcome
Who are you kidding, you probably needed to set yours at .25, dopey!
Why isn’t government developing their own ripple?
the same reason the government doesn't develop their own fighter jets