how rich will you be if you invested one thousand dollars in xrp xrp news today shocking results it's frustrating to know that the opportunity was so close but you missed it you hear this a lot if you would have invested just three thousand dollars into xrp back in 2017 and sell it at peak level in 2018 then you could have made a million dollars same examples are with bitcoin and many other coins but you shouldn't think like that don't concentrate on what was missed but think on new opportunities today we're going to talk all about how many xrp you need today to become a millionaire tomorrow how xrp can skyrocket and become the most used currency on the planet and what is the most believable evolution scenario for xrp you will also learn the active hodler strategy which allows you to earn on market volatility and still hold majority of your investments so watch the video till the end because today's video is going to be the bomb welcome to xr people your daily dose of xrp if you're interested in everything around xrp this is the place for you subscribe if you want to stay updated with all the xrp news predictions and stay one step ahead in the crypto world make sure to hit the like button for us to provide you with more xrp news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments before we get to our topic let's take a look at the chart and see what the price of xrp is doing on the 14th of october shall we ripple price showed a strong surge on october 9th as it rallied 16 percent and set up a local top at 1.23 dollars however things reversed as investors started booking profits and btc started gaining more demand as long as investors prefer the bellwether crypto xrp price and other altcoin market structures will either show a coiling up phase or enter a corrective period in the meantime investors can expect the xrp price to retrace to the october 8th swing low at 1.046 dollars or the support floor at 1.01 however a bounce at or before 1.01 could give rise to a rally that will likely push xrp price to 1.267 now let's get back to the topic xrp is not ripple xrp is cryptocurrency made by ripple organization another ripple product is ripple net which is a decentralized global network of banks and payment providers that is connected through ripple's distributed financial technology ripple net can use xrp as a mediator currency but not only many other currencies and cryptocurrencies can be used the ripple net platform is an open source protocol which is designed to allow fast and cheap transactions the goal is to take over all the international transactions worldwide this platform allows to make payments in any currency with a fee of just 1 100 000 of a dollar basically it's free the fee is needed to prevent ddos attacks xrp acts as a mediator currency between those being exchanged this is why there's not any commission each side just buys or sells xrp without a need to transfer money or currency this concept is extremely powerful and lays in a majority of cryptocurrency fundamentals just provides a platform for banking systems that easily integrates with it now when you know the real power of ripple let's talk on how you can become a millionaire with xrp which is kind of associated with ripple current xrp market cap is 51.6 billion dollars and supply is 46.7 billion units which gives us approximately 1.1 dollars per coin let's compare xrp market cap with other market players bitcoin all cryptocurrencies usd and gold let's imagine that in two to three years xrp achieves all its goals and adopts masses to use it for most transactions in the world and its market cap reaches gold level of 7.8 trillion dollars and the supply of xrp reaches 70 billion units then the price would be about 110 which means around 400 times the current price in this case you need to invest just 2 500 to become a millionaire sounds too optimistic i think so let's take another more realistic case when xrp reaches market cap of 280 billion dollars with a supply of 100 billion units in this case the price of xrp would be just 2.8 dollars which gives us 10 times so you should invest a hundred thousand dollars to become a millionaire this way but hey can you imagine if you invested in ripple two and a half grand and things start to go uphill you see how your two and a half becomes 25 than 100 grand can you imagine you don't touch your investments at all risking to lose everything not me so all those hyped phrases do not make sense okay you passed two times maybe five times but you definitely will start to take profit out on ten times and more all this led to a conclusion that each investment does not make sense without a good cash out strategy if you like to be a hodler like me then a good strategy would be to take out four percent each time the market gets twenty percent increase in price and same with twenty percent price drop when you buy four percent back in this case you will earn a little on market volatility and will hold a majority of the investment this way your each cash out amount will grow with the price and you can repeat the cash out process infinitely let's see how it works we have base investment of twenty five hundred dollars then the asset goes up by twenty percent and we cash out four percent the situation repeats ten times so we've cashed out almost three thousand dollars in total then the asset goes down by twenty percent and we buy four percent of our investment back again it repeats ten times and we have invested around two thousand dollars in total as you can see we have almost the same asset amount that we had initially but have one grand on hand you can take zero point two percent cash out for every one percent increase in price and it will be equivalent of four percent for twenty percent market change or you can increase cash out percent if you want to be more aggressive with cash out basically just create the formula which will show you what amount is currently to be sold or bought formula will just show you for how many percent the current price of asset differs of your base asset price then just multiply 0.02 with a percent count and remember to reset base price when you buy or sell the asset this is just an example to test the strategy in real life the volatility is very chaotic xrp is also right in the middle of recovering from the lawsuit with the u.s securities and exchange commission back in december 2020 the sec sued ripple for selling 1.3 billion worth of xrp tokens illegally claiming that they were actually securities not cryptocurrency the xrp lawsuit resulted in ripple's price crashing to new lows right at the moment most other cryptos were surging for example btc reaching 60 thousand dollars however it started to become apparent that the sec's case is weak and there's growing optimism that ripple can win the case this has put the price of xrp on an upward trajectory which it seems to still be riding most investments come down to the risk versus reward factor in other words do the potential rewards outweigh the possible consequences of the risks ripple certainly has some risk factors the founders hold a large number of coins it's still a long way from challenging its main market rival and it's not the most popular technology for blockchain purists on the other hand ripple is becoming more and more mainstream and has the backing of some major financial institutions plus the current price is a low barrier of entry for crypto newcomers as well as a good opportunity for established investors to diversify their portfolio without taking a large amount of value out of other assets that's all for today in the end we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on xr people bye [Music] you

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