I think the sec brought the case against ripple to suppress the price for the banks to accumulate as much as possible and to scare retail out. Imagine the bags they hold now that they was able to buy at .35 for 2 years.
I believe the international players will stay in XRP rather than converting to national currency unless they need to. The national currencies will only be useful for a local economy, and some nations may choose to only use XRP if they don’t have a robust local economy. Holding means scarcity.
XRP Holders primarily contribute by reducing the quantity of available coins, while the driver for price is their usage. The inactive coins affect the market by diminishing the number of usable coins, consequently increasing the price. Conversely, when there is extensive usage, a larger number of coins are used, resulting in a significant price increase. This surge in price eliminates the necessity for additional coins. Hence, when the switch is flipped, our held coins rise substantially due to limited coins. The rising price also serves as a means to provide liquidity. This is my understanding of the concept.
Lewis, the other very exciting thing is that with each transaction using XRP, a small amount of XRP is destroyed. This makes XRP deflationary. No more XRP can be created. This makes it even more valuable over the long term.
Thanks Lewis! We definitely need to do another video together soon to talk about ways people can protect their wealth that they generate from #XRP and other digital assets.
Hi Lewis. First off, you are an awesome source of info and you're extremely articulate. Thank you for that. Here's a sort of negative theory to answer your question. Maybe they already ARE accumulating XRP, but they're doing it on a steady, slow basis and not in big blocks of buys, and they along with the SEC case are keeping the price low through manipulation. I hope this is not the case because we all expect that a favorable SEC ruling will make XRP move like a scalded dog because of buying. What if most of the institutional buying is already being done right now at 35 cents, but we can't see it due to manipulation? It's how they play in the stock market.
XRP in the market when it gets up and running as planned will create its own negative feedback loop which will stabilize its price. The lower the spot price the more coins are needed for transactions because you’re buying more coins it raises the spot price. That’s a negative feedback loop
I'm glad you understood that XRP price must be very very high so that it does not affect its price ! I understood this a long time ago as I have a financial background...
Eighteen months ago MY head exploded. I realized what you are discussing. I imagined a large transfer of 10 to 100 million bucks. Cannot be done with XRP without a huge rise in value. I first thought of 10K. It could be fractionalized down to less than a penny but still have a huge price. It will go much higher than 10K when it matures. Good job Lewis.
If xrp reaches $10K, people like Chris Larsen who owns 5+Billions xrp will become USD 50+Trillionaires. That means people like him will be the richest person in the history of mankind. Is that possible?
There will be many trillionaires. I think a lot of people in the XRP community don’t understand how much the world is going to change. Forget comparing the future to the past.
Wouldn’t Xrp be centralised if banks use it? If so I can imagine the government can control our credit score and freeze our digital currency and dictate if we get paid or not
BTW - XRPcharts had a $350T "glitch" today. Could they possibly be testing the system? If a $100 Bitcoin makes a $1M purchase inefficient, what price would be needed to move trillions per day? Not a fair comparison, but the price of XRP will need to increase considerably.
One thing i can't understand about XRP is that why would corporations will use XRP to transfer money to cross-border while they can use stable coins. Stable coins are at fixed price and also decentrelized which is whole point of the crypto. Can you please enlighten me about this if you have any information ?
Im currently holding 15k of usdc..I was initially waiting for btc going a little lower but now Im starting to lean toward xrp.15k would buy me a nice little bag at 35 cents or so.What do you think?
If you have the capital, buy as MUCH XRP as you can, HODL and wait for these explosive prices, the new financial reset is here. Ripple is partnered with the World Economic Forum (WEF), very powerful people in play here. After this lawsuit and it gets listed back on the exchanges, the average person will not be able to afford it. The world WILL BE running on it, the Philippines, Thailand and Japan are already using it. Just put it this way, I hold well over 100K+ XRP. This one asset will create generational wealth for many, be BLESSED its only at $0.47 as of today.
Thank you for doing so much research! I purchased a few years ago and believe XRP is our future. Court case is drastically impacting price and purchase options but believe everything should be settled by August, 2023.
Great vid. It all makes sense. 1 thing though, with the Uber example. Uber will purchase XRP from Ripple themselves. Remember, there is half of the supply in circulation which WAS dispersed by Ripple to be sold on the secondary market to retail investors. In my mind, the escrow will be used up and dispersed to institutions and cause a supply shock. About 50% is on the open market, and the other 50% is in escrow. Just imagine when all these institutions start buying it all up. The price per XRP will rocket.
Ach moves 30 b transaction with volume of 73 t. I've done the math. For xrp to move ach volume it will have to be a minimum price of 2000. That's just ach.
Isn't XRP currently in use? Of course, I'll seek out the answer myself, but it is also still trading around 0.40 USD as of October 2022. It will be interesting to see what happens near the end of Nov. 2022 with the beginning of the ISO 20022 implementation, particularly for the XRP, XLM and XDC.
I mean, it does sound amazing and getting me excited as a XRP holder but, isn't this a potential fatal feasibility point? I mean, maybe the fact that the price needs to be so high is the reason why it is not viable at all ... I hope that's not the case of course
My question comes to, if I'm holding XRP how do I benefit unless I hold out and sell at the price sometime in the future? Or, if I hold for example 8,000 XRP,, will I get a monthly/quarterly dividend?
Great job man.... I am so exited too cause I know what is coming. Although I believe it will not be easy. Somehow we will have to be so careful with our bags
which other one is doing the same as xrp and ripple? and how soon will it be before some one else sets up the same thing better and cheaper in opposition?
The whole idea of ODL is that large institutions (or small ones for that matter) do not have to hold XRP. You are very close but misunderstand what the purpose of ODL is. The whole idea is you do not need nostro and vostro accounts anymore, ODL takes care of that. Almost 30 Trillion dollars are tied up in the old nostro vostro SWIFT system. There are some institutions that will want XRP on the books, but the majority of the financial system of the future will run on ODL. Derivatives market will get us to 4, 5 or maybe 6 digits by itself.
No they can but they dont need to hold any. Because the On demand liquidity. It will need to be high but it doesnt matter because the price is locked in and the xrp goes back to the ODL once the transaction is done. Banks are not using it because it wont be implemented until 2025 its not set up yet. They are still forming partnerships and setting up nodes
Don't forget that XRP gets burned during transactions and it required the open an account. This will lower the amount in circulation, especially once everything is released from the Escrow acount
Which ever entity or institution that you choose to use . Ex. I chose BOA to convert my xrp for USD or another type of currency, maybe assets like gold, stock, real estate shares etc....
Hi Lewis, If Ripple is to be adopted by banks and institutions, one of the main ripplenet and XRP use cases would be NFTs and federated chains! as Brad galinghouse mentioned repeatedly "Tokenized Economy" ex. land registration, ownership of different hard assets, cars,... etc. Someone might ask how does that work? The transfer of asset ownership between people and entities would happen through exchanging the corresponding NFTs between the parties, easily verifiable on the xrpledger for complete transparency. That would potentially lock huge amounts of XRP in those NFTs and send the price to astronomical levels. The potential is beyond comprehension in all industries. IMHO
But who’s to say they won’t come out with a different token on this protocol or if another neat low payment high speed protocol will be used. I can’t imagine they’d want to share the wealth when the blockchains are chosen for central bank transactions and international payments
Hi Lewis, So how will we benefit from XRP, (apart from the price action) If it goes to 10k maybe you want to sell some, but what to do with the rest you hold?
Hey, so I use three trusted platforms to get my XRP: - Uphold - www.uphold.sjv.io/n1QQP6 - Nexo - nexo.io/ref/i6b40hxzld?src=web-link (+ you get $35 free Bitcoin) - Oobit - oobit.onelink.me/R9EK/4578ca43?refcode=epmwxp4l6j1v (+ you get $5 free Bitcoin) Here are my preferred cold storage wallets (I personally hold my XRP and XLM on The Ledger nano X paired with a Bilfodl) Ledger Nano - shop.ledger.com?r=16fc6f065f80 D'Cent Biometric Wallet - dcentwallet.com/products/BiometricWallet Watch this out: ruclips.net/video/iDcItBHRX7A/видео.html
I am confused about price of XRP. BlockchainBacker says the fibs are at 7$,11$,22$ that would engulf BTC/ETH marketcap. 11$ would make XRP marketcap to 1 Trillion. And above that 100$ would bring marketcap to 10Trillion that close to World Gold Marketcap (14T). We XRPhodlers want to know when to sell exactly.
To answer why institutions aren’t going ham on buying in right now, consider many are regulated under the financial side and so won’t get involved in a global system while a major country is still deliberating. Essentially yes it’s the lawsuit and financial uncertainty due to lack of US regulation
It's not meant to move fiat currencies but CBDCS. It will be the only regulated cryptocurrency. It may be deemed a currency or a commodity. For them to shake out retailers, let it drop to cero so they can have all xrps backed by gold. 4 digit xrp overnight
@@LewisWJackson it's difficult decision as I didn't get so big bag yet. I hope remains at these lows for few months to be able to accumulate more. what a great times to be alive in
Think about the price post-settlement. In a bull-run, arguably 10-13$. Now, when these institutions start coming on-board, we may see that supply shock which will rocket the price. Hedge it, 50% at 10-13$ and hold the other half if XRP moons to trillions of MC.
@@sambeta9292 that's cool but since my bag isn't huge I thinking to go all or nothing. I haven't decide it yet but once it launch it would be impossible to re-entry that's a fact
I think the Uber example isn't quite right. The way you explained it means that Uber would tie up a lot of capital, which is not what XRP is about. My understanding is that if Uber signs up to RippleNet, Ripple will freely pre-load the Uber wallet with a large amount of XRP. It's only when Uber actually utilises some of the XRP that it will be billed for it- 'Liquidity on demand'.
I need you to explain me something it makes me very confused. Many influencers and experts say that there is no coin can surpass the global market cap , so how can you explain me please that the XRP can break this "rule" . I hope to understand me well ,my english is modest . Thank you
Hope you have right:) But if xrp goes to 10,000$, the market cap will be over 500 trillion dollars and why should the banks hold on to their coins if they have 10,000X on them? Can you talk a little about this :) Hope you are right about xrp, it would be nice if xrp reaches that level :)
I've always thought similar a bank doesn't need to hold all the money to operate. Xrp is moving volume is in the high billions and uts only 0.45c you could move trillions of dollars in volume a day and it only needs to be like $10
But if bank a buys xrp for 1 bil. And tranfers these amount of xrp to bank b. Then bank b sells it for a lot more money. Because that 1 bilion changes the price of xrp too much. So a small xrp price cant be right
With the XRP case being rules as not a security for Retail and it IS a security for institutional buyers. Does this change your understanding of this at all?
If institutions must buy and hold XRP, doesn’t this contradict the primary XRP selling point; the elimination of Nostro/Vostro account holdings of large institutional banks and freeing up that liquidity? This proposal, in my understanding, locks away that liquidity yet again.
The one thing you’re missing is that whatever percentage of the global economy that ripple acquires with a limited amount of XRP, the XRP hasta be worth at the minimum enough to handle all of those transactions. So it has more to do with the amount of XRP available, and how much of the global economy is running through ripple in XRP.!
The price doesn't have to do with spikes. A crypto priced at 1 vs 10,000 will have the same possibility of spikes. What causes spikes is the demand and supply. The liquidity factor. A highly liquid asset will be much more stable than a low liquidity asset.
i cannot understand how XRP can reach $10,000 per coin when there are 100 billion XRP, how is that possible? surely there aren't enough zeros to make that happen?
When they start tokenizing the stock market, derivatives, housing, oil, etc.. $10,000 will just be a stop along the way. We are talking Quadrillions of dollars of value placed on the ledger. Not all on XRP, but I would guess a big chunk of it.
Figure out how many institutions are in the world. Then figure if they only own 1 mil xrp for each of them. It's astronomical! Xrp will be insanely higher than you can imagine
How much XRP are u holding? And are u planning on purchasing more? I fully understand if you tell me none of ur business. I hold XRP, XLM, XDC, CSPR, HBAR, VET, ADA, Matic, QNT, Shiba, ALGO, DASH, Siacoin, Tectonic, NEO, gold and silver. Can you do updates on the above?
Not sure if I caught your last comment about XRP in Canada....But YES....You CAN buy XRP in Canada at about .60 CANADIAN. NDAX is pretty simple for those wanting to enter the market IMHO.
My concern is corporate to corporate contracts. In other words the BACK RAILS where business pays an agreed upon amount but completely blind to retail. Please explain that issue b/c they are doing it with Gold, oil and some XRP NOW. I am leaning more toward the restructuring of the global economies forcing the price up. Would love both to lift the price up.
I have XRP in Coinbase and need to move it out because it's still in lock down...:( and would like some good places to buy more and getting more information on the coin.
Hey, so I use three trusted platforms to get my XRP: - Bitget (ZERO trading Fees and No Buy/Sell Limit on XRP) - partner.bitget.com/bg/LewisJackson - Uphold - wallet.uphold.com/signup - Oobit - oobit.onelink.me/R9EK/4578ca43?refcode=epmwxp4l6j1v (+ you get $5 free Bitcoin)
Excellent vid Lewis. I have positions in Ripple, XRP n XLM. A couple of questions…1) in your research have run across any info about Ripple eventually being considered a stock or maintaining its position as a Holding company for XRP n XLM and 2) you have not mentioned XLM, is this token on your radar or are you staying laser focused on XRP?
I think the sec brought the case against ripple to suppress the price for the banks to accumulate as much as possible and to scare retail out. Imagine the bags they hold now that they was able to buy at .35 for 2 years.
that's a good theory. I thought it may be to implement it while keeping the price stable.
Scare who? I’ve been accumulating xrp the last 10 months buying at $1 and now .32-.50 🙏🏽
That and time for the ethereum merger...which was financed by wallstreet
well said
Yeah probably not if any conspiracy theorie makes sense it's to give time to others exactly who is the question
I believe the international players will stay in XRP rather than converting to national currency unless they need to. The national currencies will only be useful for a local economy, and some nations may choose to only use XRP if they don’t have a robust local economy. Holding means scarcity.
XRP Holders primarily contribute by reducing the quantity of available coins, while the driver for price is their usage. The inactive coins affect the market by diminishing the number of usable coins, consequently increasing the price.
Conversely, when there is extensive usage, a larger number of coins are used, resulting in a significant price increase. This surge in price eliminates the necessity for additional coins. Hence, when the switch is flipped, our held coins rise substantially due to limited coins.
The rising price also serves as a means to provide liquidity. This is my understanding of the concept.
Lewis, the other very exciting thing is that with each transaction using XRP, a small amount of XRP is destroyed. This makes XRP deflationary. No more XRP can be created. This makes it even more valuable over the long term.
“XRP going to 10k”
“but stay emotionless” 😂😂
I know right!
You got it. XRP will explode. Market cap means nothing.
Thanks Lewis! We definitely need to do another video together soon to talk about ways people can protect their wealth that they generate from #XRP and other digital assets.
Hi Lewis. First off, you are an awesome source of info and you're extremely articulate. Thank you for that. Here's a sort of negative theory to answer your question. Maybe they already ARE accumulating XRP, but they're doing it on a steady, slow basis and not in big blocks of buys, and they along with the SEC case are keeping the price low through manipulation. I hope this is not the case because we all expect that a favorable SEC ruling will make XRP move like a scalded dog because of buying. What if most of the institutional buying is already being done right now at 35 cents, but we can't see it due to manipulation? It's how they play in the stock market.
well done. love the way you broke it down. great job.
You are the influencer with a wealth of information to share. Thank you for sharing. No hype but plain intellegent analysis. God bless you.
bull run
Good video, just found your channel. Glad to see you are so enthusiastic with so much energy.
XRP in the market when it gets up and running as planned will create its own negative feedback loop which will stabilize its price. The lower the spot price the more coins are needed for transactions because you’re buying more coins it raises the spot price. That’s a negative feedback loop
I agree and love hearing this theory.
I'm glad you understood that XRP price must be very very high so that it does not affect its price ! I understood this a long time ago as I have a financial background...
Eighteen months ago MY head exploded. I realized what you are discussing. I imagined a large transfer of 10 to 100 million bucks. Cannot be done with XRP without a huge rise in value. I first thought of 10K. It could be fractionalized down to less than a penny but still have a huge price. It will go much higher than 10K when it matures. Good job Lewis.
sheeps
@@m4ryou5h lmao a sheep would say "sheeps" and nothing else, nothing to actually conversate from. Wake tf up
@@m4ryou5h sheep is plural, you don’t need the s
If xrp reaches $10K, people like Chris Larsen who owns 5+Billions xrp will become USD 50+Trillionaires. That means people like him will be the richest person in the history of mankind. Is that possible?
Absolutely Not Dude
No the ELites control who is wealthy.
XRP is more useful than Bitcoin and look what it did, anything is possible . Just because something has never happened doesn’t mean it can’t.
There will be many trillionaires. I think a lot of people in the XRP community don’t understand how much the world is going to change. Forget comparing the future to the past.
I’m good with 5 million 😊
I have watched many videos on RUclips and heard people say the price of XRP has to be high, but never understood why or how, until now. Thank you.
Will you please tell me If the XRP price reach to $10000 then what will be the Market Cap of XRP?
$500 trillion
Wouldn’t Xrp be centralised if banks use it? If so I can imagine the government can control our credit score and freeze our digital currency and dictate if we get paid or not
BTW - XRPcharts had a $350T "glitch" today. Could they possibly be testing the system? If a $100 Bitcoin makes a $1M purchase inefficient, what price would be needed to move trillions per day? Not a fair comparison, but the price of XRP will need to increase considerably.
One thing i can't understand about XRP is that why would corporations will use XRP to transfer money to cross-border while they can use stable coins. Stable coins are at fixed price and also decentrelized which is whole point of the crypto. Can you please enlighten me about this if you have any information ?
Im currently holding 15k of usdc..I was initially waiting for btc going a little lower but now Im starting to lean toward xrp.15k would buy me a nice little bag at 35 cents or so.What do you think?
I’m 18 and currently Hold only 1,100 XRP 🤣 small but it’s something. If I were you I’d go 50/50 BTC is Gold 3.0 but wait for the crash
If you have the capital, buy as MUCH XRP as you can, HODL and wait for these explosive prices, the new financial reset is here. Ripple is partnered with the World Economic Forum (WEF), very powerful people in play here. After this lawsuit and it gets listed back on the exchanges, the average person will not be able to afford it. The world WILL BE running on it, the Philippines, Thailand and Japan are already using it. Just put it this way, I hold well over 100K+ XRP. This one asset will create generational wealth for many, be BLESSED its only at $0.47 as of today.
Bitcoin isn’t worth it unless you put in big money the ROI is trash for essentially doing nothing
Thank you for doing so much research! I purchased a few years ago and believe XRP is our future.
Court case is drastically impacting price and purchase options but believe everything should be settled by August, 2023.
Do you have the ticker symbol... thanks.
Great vid. It all makes sense. 1 thing though, with the Uber example. Uber will purchase XRP from Ripple themselves. Remember, there is half of the supply in circulation which WAS dispersed by Ripple to be sold on the secondary market to retail investors. In my mind, the escrow will be used up and dispersed to institutions and cause a supply shock. About 50% is on the open market, and the other 50% is in escrow. Just imagine when all these institutions start buying it all up. The price per XRP will rocket.
Thank you for this education. You earn my subscription 🙏🏽
Ach moves 30 b transaction with volume of 73 t. I've done the math. For xrp to move ach volume it will have to be a minimum price of 2000. That's just ach.
People who talk about 5+ digit XRP cost usually don't understand that there is a huge difference between the total supply of XRP and BTC.
So XRP is like investing into index funds?
You always keep it real. Can you do some on price predictions for XLM and the road to there like this one?
Thanks for this. Made me understand XRP more.
Isn't XRP currently in use? Of course, I'll seek out the answer myself, but it is also still trading around 0.40 USD as of October 2022. It will be interesting to see what happens near the end of Nov. 2022 with the beginning of the ISO 20022 implementation, particularly for the XRP, XLM and XDC.
I mean, it does sound amazing and getting me excited as a XRP holder but, isn't this a potential fatal feasibility point? I mean, maybe the fact that the price needs to be so high is the reason why it is not viable at all ... I hope that's not the case of course
My question comes to, if I'm holding XRP how do I benefit unless I hold out and sell at the price sometime in the future? Or, if I hold for example 8,000 XRP,, will I get a monthly/quarterly dividend?
Thankyou God Bless You
I think that major companies have already been preallocated XRP. We just don't know it yet.
Great job man.... I am so exited too cause I know what is coming. Although I believe it will not be easy. Somehow we will have to be so careful with our bags
This is great but what about the market cap at the price of 10k (about 500 trillion usd) ?
which other one is doing the same as xrp and ripple? and how soon will it be before some one else sets up the same thing better and cheaper in opposition?
The whole idea of ODL is that large institutions (or small ones for that matter) do not have to hold XRP. You are very close but misunderstand what the purpose of ODL is. The whole idea is you do not need nostro and vostro accounts anymore, ODL takes care of that. Almost 30 Trillion dollars are tied up in the old nostro vostro SWIFT system. There are some institutions that will want XRP on the books, but the majority of the financial system of the future will run on ODL. Derivatives market will get us to 4, 5 or maybe 6 digits by itself.
I absolutely love your videos! They are so well put together and allow me to spend the word in a way anyone can understand😊
@Lewis Jackson Ripple also pre funds the wallets with XRP but doesn't charge them, only when they use it and invoices them afterwards.
Ok All im trying to understand is how much more XRP should I buy and what is the estimated value of it in the near future.
If Ripple wins the Law Suit and suppose if i hold 1500 XRP for 2 yrs.....what is your price Prediction. ????
No they can but they dont need to hold any. Because the On demand liquidity. It will need to be high but it doesnt matter because the price is locked in and the xrp goes back to the ODL once the transaction is done. Banks are not using it because it wont be implemented until 2025 its not set up yet. They are still forming partnerships and setting up nodes
Thanks for sharing your knowledge, much appreciated!
Don't forget that XRP gets burned during transactions and it required the open an account. This will lower the amount in circulation, especially once everything is released from the Escrow acount
Why do you need to hold XRP to lower fees?
Where does the xrp go after a transaction? If the receiver converts it to their currency who gets the xrp?
Which ever entity or institution that you choose to use . Ex. I chose BOA to convert my xrp for USD or another type of currency, maybe assets like gold, stock, real estate shares etc....
The xrp is held in the bank for futher transactions by the bank in foreign currency
Hi Lewis, If Ripple is to be adopted by banks and institutions, one of the main ripplenet and XRP use cases would be NFTs and federated chains! as Brad galinghouse mentioned repeatedly "Tokenized Economy" ex. land registration, ownership of different hard assets, cars,... etc. Someone might ask how does that work? The transfer of asset ownership between people and entities would happen through exchanging the corresponding NFTs between the parties, easily verifiable on the xrpledger for complete transparency. That would potentially lock huge amounts of XRP in those NFTs and send the price to astronomical levels. The potential is beyond comprehension in all industries. IMHO
But who’s to say they won’t come out with a different token on this protocol or if another neat low payment high speed protocol will be used. I can’t imagine they’d want to share the wealth when the blockchains are chosen for central bank transactions and international payments
Hi the reason you are looking for is the escrow and otc sales
Hi Lewis,
So how will we benefit from XRP, (apart from the price action)
If it goes to 10k maybe you want to sell some, but what to do with the rest you hold?
Stake them some big institutions, for good returns.
Best way to buy and store xrp? Ive got some on kraken but not sure of safety 👍
Hey, so I use three trusted platforms to get my XRP: - Uphold - www.uphold.sjv.io/n1QQP6 - Nexo - nexo.io/ref/i6b40hxzld?src=web-link (+ you get $35 free Bitcoin) - Oobit - oobit.onelink.me/R9EK/4578ca43?refcode=epmwxp4l6j1v (+ you get $5 free Bitcoin)
Here are my preferred cold storage wallets (I personally hold my XRP and XLM on The Ledger nano X paired with a Bilfodl) Ledger Nano - shop.ledger.com?r=16fc6f065f80 D'Cent Biometric Wallet - dcentwallet.com/products/BiometricWallet
Watch this out: ruclips.net/video/iDcItBHRX7A/видео.html
Can anyone buy the stock... if so what is the ticker symbol for the USA. Thanks.
Hi, if ripple loses the law suit will it perform well regardless? Will it’s price move up?
I am confused about price of XRP. BlockchainBacker says the fibs are at 7$,11$,22$ that would engulf BTC/ETH marketcap.
11$ would make XRP marketcap to 1 Trillion.
And above that 100$ would bring marketcap to 10Trillion that close to World Gold Marketcap (14T).
We XRPhodlers want to know when to sell exactly.
Reply is appreciated 😃
Gday from Australia. Thanks for this. Have bought some XRP and is on cold wallet. Thanks
Excellent information.
Thank You.
Amazing clarity Lewis!
What is XRP backed by?
Just brilliant reasoning! Makes perfect sense!
To answer why institutions aren’t going ham on buying in right now, consider many are regulated under the financial side and so won’t get involved in a global system while a major country is still deliberating.
Essentially yes it’s the lawsuit and financial uncertainty due to lack of US regulation
what prevents the banks and institutions just having their own coin to be able to do exactly what you want XRP to do?
How much is enough xrp?
Netcoins sells xrp in Canada thanks for your thoughts it is a tough one to understand
Huge amount of XRP has been pre allocated companies imf boa. They are just waiting for the big switch.
I own xrp can does it make a diff like xrp uk or xrp usd
It's not meant to move fiat currencies but CBDCS. It will be the only regulated cryptocurrency. It may be deemed a currency or a commodity. For them to shake out retailers, let it drop to cero so they can have all xrps backed by gold.
4 digit xrp overnight
Great video. It’s bent my mind.
"the question" what exit strategy if that happens?
I know. A real pickle
@@LewisWJackson it's difficult decision as I didn't get so big bag yet. I hope remains at these lows for few months to be able to accumulate more.
what a great times to be alive in
Think about the price post-settlement. In a bull-run, arguably 10-13$. Now, when these institutions start coming on-board, we may see that supply shock which will rocket the price. Hedge it, 50% at 10-13$ and hold the other half if XRP moons to trillions of MC.
@@sambeta9292 that's cool but since my bag isn't huge I thinking to go all or nothing.
I haven't decide it yet but once it launch it would be impossible to re-entry that's a fact
I mean impossible to rebuy at 0.33 which it's my average entry atm
I think the Uber example isn't quite right. The way you explained it means that Uber would tie up a lot of capital, which is not what XRP is about. My understanding is that if Uber signs up to RippleNet, Ripple will freely pre-load the Uber wallet with a large amount of XRP. It's only when Uber actually utilises some of the XRP that it will be billed for it- 'Liquidity on demand'.
Oh that’s an interesting distinction. Thanks for clarifying
Look into which institutions are running validator nodes.
Okay!
So what other coin works with ripple XRP?
I need you to explain me something it makes me very confused. Many influencers and experts say that there is no coin can surpass the global market cap , so how can you explain me please that the XRP can break this "rule" . I hope to understand me well ,my english is modest . Thank you
Hope you have right:)
But if xrp goes to 10,000$, the market cap will be over 500 trillion dollars and why should the banks hold on to their coins if they have 10,000X on them? Can you talk a little about this :) Hope you are right about xrp, it would be nice if xrp reaches that level :)
I've always thought similar a bank doesn't need to hold all the money to operate. Xrp is moving volume is in the high billions and uts only 0.45c you could move trillions of dollars in volume a day and it only needs to be like $10
But if bank a buys xrp for 1 bil. And tranfers these amount of xrp to bank b. Then bank b sells it for a lot more money. Because that 1 bilion changes the price of xrp too much.
So a small xrp price cant be right
Stop the cap!
Market cap thinking that is.
Think value being moved
Through put of that value
Also I have heard that they will by back XRP from the people who want to sell. Which will drive price very high as well
Amazing it make sense , i hope it goes well for everyone
With the XRP case being rules as not a security for Retail and it IS a security for institutional buyers. Does this change your understanding of this at all?
Who will hold after lawsuit ends
From what i hear you cant buy in the US in certain states too..its crazy, im in MD and i buy xrp on uphold without any issues
Finally some refreshing content about XRP.
Why would someone like Uber use XRP instead of something like XLM or another Crypto?
Bro i love XRP and I love your content, but how do you think XRP will reach even $1000 if the supply is 100 Billion
If institutions must buy and hold XRP, doesn’t this contradict the primary XRP selling point; the elimination of Nostro/Vostro account holdings of large institutional banks and freeing up that liquidity? This proposal, in my understanding, locks away that liquidity yet again.
I've thought that too.
I'd it's supposed to be cheaper wouldn't it be a lower price not higher?
The one thing you’re missing is that whatever percentage of the global economy that ripple acquires with a limited amount of XRP, the XRP hasta be worth at the minimum enough to handle all of those transactions. So it has more to do with the amount of XRP available, and how much of the global economy is running through ripple in XRP.!
The price doesn't have to do with spikes. A crypto priced at 1 vs 10,000 will have the same possibility of spikes.
What causes spikes is the demand and supply. The liquidity factor. A highly liquid asset will be much more stable than a low liquidity asset.
When in the future do you think it will Start to move upwards. I'm not in a mad rush but if you could throw a guess at it what would it be?
Great vid dude, but we got eclaires in the states homie. They're good stuff.
i cannot understand how XRP can reach $10,000 per coin when there are 100 billion XRP, how is that possible? surely there aren't enough zeros to make that happen?
When they start tokenizing the stock market, derivatives, housing, oil, etc.. $10,000 will just be a stop along the way. We are talking Quadrillions of dollars of value placed on the ledger. Not all on XRP, but I would guess a big chunk of it.
Figure out how many institutions are in the world. Then figure if they only own 1 mil xrp for each of them. It's astronomical! Xrp will be insanely higher than you can imagine
Maybe in the bull run of 2030 I'm on the same boat as you i really don't see it doing 10k this bull run. But if it does I'm not complaining right 😂
How much XRP are u holding? And are u planning on purchasing more? I fully understand if you tell me none of ur business. I hold XRP, XLM, XDC, CSPR, HBAR, VET, ADA, Matic, QNT, Shiba, ALGO, DASH, Siacoin, Tectonic, NEO, gold and silver.
Can you do updates on the above?
How much XRP do you hold?
did u read the white paper ?
Not sure if I caught your last comment about XRP in Canada....But YES....You CAN buy XRP in Canada at about .60 CANADIAN. NDAX is pretty simple for those wanting to enter the market IMHO.
So do you believe Ripple are deliberately keeping the XRP price low to give the Banks a chance to acquire it in massive quantities?
My concern is corporate to corporate contracts. In other words the BACK RAILS where business pays an agreed upon amount but completely blind to retail. Please explain that issue b/c they are doing it with Gold, oil and some XRP NOW. I am leaning more toward the restructuring of the global economies forcing the price up. Would love both to lift the price up.
I have XRP in Coinbase and need to move it out because it's still in lock down...:( and would like some good places to buy more and getting more information on the coin.
Hey, so I use three trusted platforms to get my XRP:
- Bitget (ZERO trading Fees and No Buy/Sell Limit on XRP) - partner.bitget.com/bg/LewisJackson
- Uphold - wallet.uphold.com/signup
- Oobit - oobit.onelink.me/R9EK/4578ca43?refcode=epmwxp4l6j1v (+ you get $5 free Bitcoin)
How do you buy it?
Hiw much xrp should we try to get to be alright?
If you're in Canada you can use NDAX
Excellent vid Lewis. I have positions in Ripple, XRP n XLM. A couple of questions…1) in your research have run across any info about Ripple eventually being considered a stock or maintaining its position as a Holding company for XRP n XLM and 2) you have not mentioned XLM, is this token on your radar or are you staying laser focused on XRP?
Ripple?
XRP is interesting, how do you think XRP is better suited than AMP for instance that is looking to also change the payments space ?