LJ Articles| 26/09/2021 | #33
The XRP investor vs the world
by Lorimer Jenkins, y.at/⌛🚀💎🙌
I think you can give a good overview of the way Crypto is heading by looking at examples of stereotypical Crypto investors.
Generalizing types of investors actually give you a pretty good edge when analysing a project. You can find out a lot about a project by looking at their community. So if you can identify the crowd then you can almost predict what will happen at major news events.
Take this investor for example :
This is Jeremy
Jeremy sees an existing problem in the global payment infrastructure and thinks it could be improved with crypto. Jeremy has likely had success in traditional finance and sees how crypto could be utilized.
Where Jeremy lacks vision in things like decentralization he makes up for it by having huge amounts of capital to invest.
But he has a ability that most people don’t, Jeremy will Hold all the way down to a 1000% dip
So what sort of thing would Jeremy invest his well earned money into then ? If he doesn’t like Crypto fundamentals then why is he on the list ? You can probably guess the thing Jeremy invests in.
Jeremy invests in XRP.
What is XRP ?
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger — an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3–5 seconds.
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.
How is XRP used ?
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.
Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases
Why do so many people not like it ?
Many people see crypto as starting finance fresh, but XRP holders usually see crypto as a way to improve the existing payment infrastructure. Within this communist ideology there is some truth but many people want to start things from scratch.
Try and see if you can stereotype a crypto investor ;)
by Lorimer Jenkins
Disclaimer : I am not a financial advisor these articles for education purposes, new articles released by 12pm BST every day.