Hey guys, so the last ripple thread got closed down and since there aren't any new ones I decided to make one on my own.
I got around 126 ripple at the moment and I'm just wondering if they will turn me into a millionaire in the next two years.
I personally believe that they will and that anyone reading this should invest into ripple.
*NOT AN EXPERT, RESEARCH YOURSELF BEFORE BUYING ANYTHING*
After all, you cannot beat the banks.
They will buy all the ripple and they will pay whatever amount is needed just to get the technology for themselves.
This means that getting in now, at a dollar, is a bargain as the more banks get interested in ripple and buying it, the more the demand for it will grow and the prices will shoot up crazy!
We watched it go from 0.19 to almost 5$ in the span of just a few weeks, I don't see why bigger growth isn't possible and don't tell me about the market cap- people were bickering about it on a dollar and ripple dumpstered it without any issues.
Please discuss and remain civil while doing it.
Ok so lets just work out the numbers.
$10,000 per XRP.
39,189,968,239 XRP in circulation
10,000*39,189,968,239 = 391,899,682,390,000 Market Cap
Thats more or less a 392 trillion dollar market cap. To put that obscene number in perspective, the most recent measure of Gross World Product - the total value of every country's GDP - was about 78 trillion in 2014.
For another measure, Deutsche Bank's Sanjeev Sanyal estimates the value of the whole financial market to be about $294 trillion.
So you think the value of Ripple's useless token (because bear in mind that the token is not needed by banks to use Ripple's tech) will be worth more than the entire traditional financial market and the total GDP of every country in the world combined...
This doesn't even take into account the 61 billion potential XRP tokens that could be dumped into the market between now and 2020 which would make XRP's potential market cap even more obscene.
I don't want to dump on your parade mate but if XRP is EXTREMELY lucky, It MIGHT one day hit a $1 trillion market cap. And even though this is extremely unlikely, this would give XRP a value of about $25.00.
In that situation your 126 XRP would be worth $3150 and if I was you I would count myself extremely lucky.