I used to think we could ALL get SUPER WEALTHY off XRP...then I thought about it

Im a crypto bag holder because I didn't sell all of my coins during the bubble several years ago.

Ive moved all of my coins into xrp and in waiting on the next bubble to offload my coins.

I'll tell you this much, real big time investors do not see crypto as an investment.

They either

1) manipulate the price so it inflates to sell for a huge profit quickly after

2) use it as a transfer vehicle (in xrps case) since it takes several minutes to transfer for the price of pennies. However, most big time investors won't be doing this because it's still highly risky to do this. Plus, if it's used as a transfer vehicle there is no benefit towards the price because the xrp will quickly be converted into another currency.

Ive research and followed crypto for many years and to be honest I think it's bullshit.

It's just a way too risky form of currency as it is hackable and inconvenient. Buying it is inconvenient. Protecting it is inconvenient. And I've lost a whole bunch of ICON coins because I've forgot the password to my ICON wallet and there's no way to retrieve it back. There also a risk of me physically losing my ledger nano or having it malfunction so the chance of losing all of my coins is very real. There is no protection against that.

So imagine being a millionaire/billionaire facing these risk. No way.

Crypto analysts are also all bullshit preaching about candlesticks/price support/resistance. Nobody knows what's really going on with the prices because it's not transparent as it claims to be and its not regulated.

Bitcoin dropped last Sunday by 15% because it halved out of nowhere. Like what caused that? Nobody knows. My guess is a manipulation.

/r/XRP Thread