The XRP Investor Thread

Governments will have their own CBDC's which will be interoperable with XRP as the Neutral Intermediary.

They cant pick one country to have their money as the reserve asset anymore because they want to build a level playing field for the world.

Nobody is becoming a billionaire unless they put loads of money into XRP. Most people dont even have 10k XRP If you had 10k XRP you would be in the top 4% of holders.


Here's the thing:
-banks do not trust one another. Bank A will not use Bank B's coin, and there are a heap of legal issues in the way too.

-They leave trillions of dollars in go between accounts (nostro vostro) in order to settle transactions, which takes days & is very error prone- 6% of transactions do not even arrive. 'SWIFT' cannot accommodate payments in this digital age, plus the political issue other countries hate using it etc.

-So they need a trustless, permission less go between all the different CBDC's, currencies, etc. To account for human greed, a computer does a much better job than a middleman who makes huge bucks on transaction fees$$


Here's a big hint. Why do XRP , XLM, XDC start with X ?

Just received my first Luna (2.0)

LUNA 0.217300
3.08 USD

I'm in the top 4% of XRP holders. I have a nice bag of XLM as well. So, It probably won't do shit since I own it.

That's only 20 bucks worth! You gotta pump those number up!! I have over 6k and that's not much really, only around 700 bucks now. :( Hell, I'm gonna go right now and buy some more.

Last Edited by zzbudzz on 05/28/2022 06:28 AM

its his very first time getting XRP in the weird way it has to be done in America.
plus we dont know how much others can spend.

Sams rocking with the XRP gang soon

I was just kidding. We all started somewhere. Hell, in early 2019 I saw a post on here of someone telling us to buy XLM and XRP and he explained why we should buy it. So, I figured out how to get on an exchange and buy some . I bought XLM at .08 and XRP at .20? I believe his name was SGT. something.

yea i dont remember when but the same thing kinda happened to me. got in at .25ish i think

but obviously paid higher prices later on

4% gang

Thanks for the to start off the day T-Man!

Next, I need to get a fireproof secure box for storing everything. Any suggestions for buying in the states?

Got the faraday bag, tested it.

Last Edited by Samguy on 05/28/2022 10:45 AM

how did you test it?!

You guys are so paranoid with your cold wallets and faraday bags lol

You know the crypto is not actually stored in the device itself?

The crypto is on its respective network in cyberspace. Yea, you own the keys to the trustline

But there is literally no difference from putting your crypto on a cold wallet and say for example XUMM wallet that you can access via an application on your smart phone

You own the keys to the trustline and say something happens to the device, you just get a new device and access the trustline with your keys

The idea of self custody is sort of misleading. You own the keys but its still on whatever network

Stop listening to these idiots on youtube that are monetizing your paranoia

you pretty much agree that cold storage or xumm is better than having it on a public platform that could just stop you from trading, accessing or moving your crypto tho?

Aw now, don't be so gloomy on us. The sec hasn't been humiliated yet.

Owning XRP builds character

[link to twitter.com (secure)]

https://twitter.com/_/status/1530574719325446145

RIP to this guy

https://imgur.com/a/FMDSyR5

They have a point, we are below the long term VWAP prices, so it is possibly not a bad accumulation price, but if you believe the crypto market is likely to fall further still (say ~25%), the POC for the Volume Profile at around ~0.29$ is likely a better spot.

The risk is that if the SEC case gets suddenly settled, will the price come back down to even the present prices again?

Last Edited by nemo_solus on 05/28/2022 02:04 PM

I'm hoping for more than simple humiliation for the SEC in this instance:

Conan has the right idea of what is best:

absolutely.

get if off the exchanges. If the exchange goes bankrupt then they will designate YOU as a creditor and they will take your crypto.

but my argument was for example, on your Ledger cold wallet you have 10 XRP. The 10 XRP are not actually "inside" the Ledger cold wallet device. The XRP is still on the XRP Ledger (XRPL)

It is the same thing as having a XUMM wallet on a tablet or phone. You own the keys to the trust line. You are just using different custodial mediums.

XUMM is free.

That being said if your phone breaks or your Ledger gets fried all you have to do is get a new phone or a new ledger.

and with your keys you can access your trust line on the XRPL on the new device

I am not dismissing an EMP style event that would fry all electronics but it is unlikely and if it were a military style operation it would be tactical on specific areas. Not an entire country at a time. And even if it did happen your XRP is in cyberspace so you only need to worry about your keys

The fearmongerers want you to buy a faraday bag as long as you "click the link" they provide and get a percentage

The XRPL is safe. There are nodes in nuclear bunkers.

With phone and ipad.

I do know it is the private keys, not the actual asset. Is not protecting the private keys tantamount?

"You own the keys to the trustline and say something happens to the device, you just get a new device and access the trustline with your keys"

Not sure I follow. You're saying the private keys are stored in your account/wallet and are accessible for recovery?

Last Edited by Samguy on 05/28/2022 02:44 PM

No the keys or the seed phrases … should be established when you set up your wallet

And you physically hold your keys. Put your keys in a vault if anything

The crypto is not technically stored inside the device. The crypto for example if it is XRP, the XRP you own is on the XRP ledger not the device it self

The device is no different than XUMM wallet or Coinbase wallet. They all give you the keys to wallet.

Personally and this is strictly my opinion, but I think that the Ledger is taking a chance of an additional point of failure. I do not trust it and I have learned of Ledger wallets being hacked.

Let me reiterate that, is just an opinion. Do your own due diligence

I am hesitant to start asking you more questions, would rather others here try to flush this out.

But..
You are saying that Ledger/nano is more vulnerable than just keeping a cold XUMM or Coinbase wallet? Only way I have heard of nano being hacked is if device was purchased through a 3rd party. Are you saying the Ledger network is possibly insecure or the nano?

Keep your private keys in a physical vault how? (excuse my newbness, trying to learn)

Most secure way to store and protect XRP, etc. assets is how?

Last Edited by Samguy on 05/28/2022 04:23 PM

Write your keys on a piece of paper put it in a vault

And about the ledger that is strictly my opinion, there is just something I don’t trust about it. Personally, I prefer the XUMM wallet. I know Ripple personnel use XUMM


Why would the place that you purchased the Ledger matter? If you buy it at Best Buy, they buy it from Ledger first, in bulk for cheap and then sell them to your for market value.

This is a good conversation to have.

Does everyone know that your private keys

are the "seed phrase"

to your wallet.

It's a set of 12 or 24 words or in XUMM case a sequence of numbers

You write those down very, very carefully

on a piece of stiff paper

and put the paper in a ziploc bag

Make 2 copies

put them in 2 safe places

I have one set of copies in a safe deposit box at the bank

you never take a picture of it with your phone

you don't send it in an email or a text

you don't store it in your computer

only physically write it down and put it somewhere safe.

You can recover your wallet with that seed phrase

Even if you lose the device in the bottom of a lake

I included 3 videos in the page I made

And in those videos from Crazy4Cryptos

It's explained very clearly

[link to start.me (secure)]

It's only 3 short videos on that page

But they are about security and wallet setups

I wouldn't know this stuff if it wasn't for Digital Dave, Crazy4Cryptos

I put a lot of work into that page, it answers a lot of questions

People say

"Not your keys, not your crypto"

That's why we say

Get your crypto off the exchanges

And into self-custody

Under private keys

There are so many different private custody wallets

I probably have 10 different ones

I really prefer a desktop version of a wallet

Rather than having a phone app

But I have many phone app wallets

My main wallets that have served me well were Atomic Desktop Wallets on a dedicated laptop

They are easy to use and the built in swap function allows you to trade for many different cryptos including XRP

The point of suggesting Atomic

Is that you can send XLM to it, and swap it for XRP

It's an EASY WAY TO GET XRP

After you get the XRP

You can send it wherever you want

But you have to get it first

You can send it to XUMM

But you have to have it to send it there

It's just easy to send XLM to Atomic to swap for XRP in the wallet

There are a hundred different ways to do it

I outlined one that I have used that I know works.

I really hope this helps someone

[link to start.me (secure)]

I don't mean to post it over and over

But maybe someone will actually click in it and watch the videos and follow the careful step by step instructions I made, if they want to get some XRP and hold it

I am writing all this out for everyone who stumbles on this thread

Crypto is very mysterious

We had some long threads on GLP a couple of years ago that really helped me

But I also paid for memberships in platforms where mentors were helping people and it was totally worth it

I have a seed phrase for Atomic but about 10 different cryptos there, if Atomic goes the way of the dodo does this one seed phrase back up all those different crypto's ? and if so can I use it on another platform to retrieve these 10 cryptos ?

You can conjure up your Atomic Wallet from the seed phrase, You can download a new interation of Atomic and enter the seed phrase

Honestly if you're worried about Atomic itself, the business, disappearing - I"m sure you'd have warning -

But this is why we don't put all our eggs in one basket

My stuff is split between multiple wallets

I could split it up even more

If you conjure up your wallet from the seed phrase in the Atomic software platform it brings up all the assets you have in the wallet.

I would worry about keeping your device secure from malware and hackers

Or just from being physically lost or stolen

Or losing your password or your seed phrase

Than I would worry about Atomic itself going belly up

If your device is lost or stolen you need to make sure you have a pin number to open the app set up..

But as I have said its not the end of the world.. you can get a new device
And with your keys you can access your account.

Because the crypto is not on the device itself

It is on the XRPL or whichever network.. that exists in cyberspace

Well, I after getting pie'd in the face for nearly 50 years over and over you tend to be ...well , skeptical.