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5598354 No.5598354 [Reply] [Original]

I bought around 10k worth of ripple a week back and I've made more than 2x gains already, is this considered normal or just an anomaly?

>> No.5598365

>>5598354
Welcome to Crypto.

>> No.5598388

>>5598354
You are in the middle of the greatest bull run in history. Buckle up faggot it’s only going to get better.

>> No.5598391

>>5598365
/thread

>> No.5598398

>>5598354
i hope you sold half to get your initial investment back. they mock the damage control virgin NEET, but he is always right. eliminate the risk.

>> No.5598448

>>5598398
Havnt done that yet, but what do you think is a realistic prediction for the next 2-3 days?

>> No.5598476
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5598476

-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple's share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. The company is always working on creating new partnerships and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (like Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators, more keep joining.


-The software is open-source (Stellar was a fork of Ripple).

>> No.5598503

beh sold 3k ripple at 30 cents. raaaaging. But I honestly wonder how high this could go and in what timespan

>> No.5598576

>>5598448
no one can predict. you should still eliminate the risk, though.

>> No.5598621

>>5598448
Goddamit, you're going to make me look.


....


Huge run one way or the other. Shit could keep running up, or it could dump 40%+. Or it could just sit there and do nothing for a long time, that's a potential too. I'd at least diversify so everything isn't riding on ripple. You'll miss out on MAXIMUM PROFITS, but you'l be in a much more stable position should shit hit the fan.

>> No.5598649

>>5598398
I bought xrp back in may for 2 cents a pop. It wasn't a lot of money, but the 450 usd "investment" is now worth over 20k usd. If I had sold of to manage risk it would have taken a substantial chunk out of that. I don't really bet on crypto to manage risk, I do it due to it's uncertain nature. In the beginning of a bet stop losses are key, but after a certain level I just let the money live it's one life. 10-15xed my money this year that way, and half of the year I even did really stupid stuff. My strategy is basically not to have a strategy.