Quote from: betswift on Today at 06:50:55 AM

Quote from: Crypto Bull on July 27, 2024, 04:23:29 PM

...Only the coins that are transferring massive value will reach those levels, not all the coins, and certainly NOT the XRP coins that you're holding, doing nothing, in cold storage, or sitting idly on Coinbase.

Get it?

I think this may finally be the explanation that unravels the mystery of the mythical "$10K XRP".

So, no, you will NOT get rich by holding XRP, unless YOUR XRP is being used to transfer a lot of value and settle massive financial transactions. The value of your particular XRP tokens will depend on how much value each of them is holding. Some of them may be worth a few cents, some a few dollars, and some a few thousand dollars.

This is how you're going to be prevented from getting rich. You didn't actually think that all you had to do was buy a few XRP at 40 cents, sit on it for a few years and, voila`! you never have to work again, did you? Didn't think so. Life ain't that easy.

My guess, at least. You're welcome to prove me wrong, and I hope you do.

Do you have an answer on how that's going to be implemented? I mean, coins trade on markets, where there is supply and demand: why a unit of XRP, for example, would be valued differently, and not equally at any given time?

I'm glad that you actually understand my theory. Everyone else here seems to be going off on a tangent.

Good point regarding how XRP will trade in markets, when each coin has a different price. Maybe my theory is dead wrong.

Could it be that the price of each coin will be set based on average value?

In other words, all the XRP coins, whose price would normally be very high ($10,000 or $100,000), because they're transferring massive value, would be offset by the coins sitting idly on exchanges and cold wallets. In this scenario, the XRP price would be the average of these two extremes.

Anyway, if this is how it'll work, XRP still can't reach "$10,000", because the vast majority of coins will be idle. Only a small minority of them will be elevating the price (moving a lot of money). This will be greatly offset by the rest of the 'deadbeat' coins.