i dont own any XRP but im interested to buy some now. Im ok to hold long terme 2 years + if necessary.
what do you think the value of the coin will be in 1-2 years? realistically...
im thinking of buying 10 000 XRP tonight, is it a good time to buy?
If you are "ok to hold long term 2 years+" then adding xrp to your portfolio or trapper keeper over the next 6 months can be justified.
Others are ready to hodl for 5-10 years.
Just know there is a large group of people that bought xrp at $0.00666 for years and if you bought now it would be around $0.25. Thats pretty expensive to me.
If I were buying now, I'd be looking more to actually using XRP for settlement/cross-border payments/goods and services, not to sell for a native currency like others around here that have made millions of $$$ who have been in XRP from the beginning.
I'd still like to think that we are in the beginning stages. I mean, how many of our friends and family use XRP to transact? Almost none. So heaps of opportunities for growth in demand.
If supply is reasonably constant (which is the case for XRP with 55b XRP in smart contracts) then rise in demand means increase in price. This is Economics 101 Supply & Demand.
We are definitely just at the beginning stages of this whole new asset class.
However, nobody can tell you where the price of XRP will go.
Yea I wish it could go to a $1, but I can see it being stable at $0.50 for the next 2 years as well which would be a huge success still to me.
i think you can roughly predict where the price can go...if you research properly ( i did it a few times with coins that were serverly undervalued ..eth being most recent )
analyse the fundmentals, the use cases, the aimed market size of use cases..limited supply vs growing demand...dev ability, dev integrity, dev team size & dev hours...
then the out of crypto economic problems, intrest rates increase, stock market uncertainty, fiat inflation problems due to QE
then the psychology, people willing to risk a few $$ on a coin than a few hundred or few $k for 1 coin...growing confidence in crypto due to good education from all of us guys
and a few other things all create a nice clear image of where we are going.
I think it will reach a dollar within a few months...may come back to 50cents area...but when the worldwide transactions system and the new wave of regulated exchanges happen , we easy looking at $5+ 1XRP