XRPatience Profile picture
12 Jan, 17 tweets, 10 min read
1/15 πŸ‘€πŸ”₯πŸ’΅πŸ’΅πŸ’΅

MY 2021 XRP MILLIONAIRE PLAN

NOTE: I am not a financial advisor, and this is not financial advice, just my own plan.

A thread. πŸ‘‡
2/15 I currently hold 5 cryptos, XRP and 4 other alt coins.

I sold the last of my Bitcoin at $40k to buy into more alts because I believe something big is coming soon.

That worked out well given the recent drop in Bitcoin.
3/15 The Bitcoin correction from $40k->$30k->$35k was not imo the one that will kick off alt season. Too small, too short.

2017 saw a 41% drop over 5 weeks. Unless BTC smashes down again tonight/tomorrow and keeps dropping, I expect another, larger correction in coming weeks.
4/15 If I'm right, some of the alts will pick up some steam alongside Bitcoin, but not the massive profits they'll eventually see this bull run.

XRP, however, will lag. Not just because of the SEC lawsuit, but also because it always does. XRP is always the last to πŸš€.
5/15 My plan is to sell half of my other alts after they rise some to have cash on hand for when "the big one" comes and Bitcoin really drops, bringing all the alts temporarily with it (including XRP).

I'll back the truck up to buy that XRP dip!
6/15 When the rest of the alts take off for alt season, I expect XRP to continue to lag (again, because it always has). But when I see XRP start to get frisky I'll sell out of the rest of my alts and pour all of that money into XRP.
7/15 Here's how that math works.

Let's say I had $25k in alts ($5k per alt, 5 alts, including XRP).

If that bag increases to $60k before "the big one" and I sell off half to buy XRP while it lags, I would ~7x my XRP bag from $5k to $35k.
8/15 "The big one" finally hits, alt season starts and the rest of my alts πŸš€ to $100k total while XRP continues to lag.

I sell all of the alts and pour it into XRP, ~4x my bag from $35k to $135k.
9/15 XRP finally gets frisky and takes off, going from ~$0.30 to past it's all time high, say $3. That would 10x the value from $135k to $1,350,000.
10/15 But I'm not going to sell at $3. I expect XRP to reach at least $10 this alt season, and I'll sell half my bag at that level. That would 16.5x the value from $135k to about $2.2 million.

I'll keep the other half for when XRP goes even higher (even if that takes years).
11/15 Separately, even if each of my alts 10x'd in total value from $5k to $50k, I would have only made $250k.

But if I sold into XRP, which was lagging and remained low, when XRP finally did blast off I would be able to amplify the other gains into $2.2 million with 50% left.
12/15 Of course, those aren't my actual bag value numbers, I'm just using them as a way to illustrate the point.

Imo, you're better off selling the coins that πŸš€ first after they've made nice gains and buying into the coins that haven't yet moved.

That's how the big $ is made.
13/15 People will FOMO into the "value coins" b/c they missed out on the other alts that have already πŸš€, and I want to be holding a huge bag of that coin when the FOMO hits.

In the last 2 bull runs, the "value coin" has been XRP. I expect the same this time, esp b/c of the SEC.
14/15 One last point: I'll be keeping meticulous records of buys and sells, because the tax man will be a'comin' and I need to know what I owe. But with millions in the bank, I think I'll be okay. 😎
15/15 SUMMARY: Rather than selling at the top of each of my crypto, I will be selling the ones that take off first after solid gains and pouring that money into the one I expect will lag behind, XRP. By doing that I will multiply my gains many times over and retire.
πŸ‘ΌπŸ‘‚πŸ‘†πŸ™
Plain-language XRP explainer threads:

β€’ β€’ β€’

Missing some Tweet in this thread? You can try to force a refresh
γ€€

Keep Current with XRPatience

XRPatience Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @xrpartisan

12 Jan
1/17 Is XRP a store of value asset?

Bitcoin is often called Gold 2.0 because, it's said, Bitcoin is a great store of value asset. But what does that mean, and is XRP also a store of value asset?

(Video version @ )

A thread. πŸ‘‡ Image
2/17 First, what makes an asset a good store of value (SOV)? A good SOV has 4 properties: [1] valued by a lot of people, [2] maintains/increases value over time (doesn't depreciate), [3] scarce, [4] persistent (will last a long time) and (optional) [5] deflationary. Image
3/17 Gold has historically been considered the best SOV asset: [1] Highly prized worldwide for thousands of years, [2] historically maintains/increases in value, [3] only ~1.5% more produced annually despite improved mining tech/methods, [4] it's virtually indestructible. Image
Read 19 tweets
12 Jan
1/19 Lawyer Jeremy Hogan (Legal Briefs) discusses the SEC/Ripple lawsuit.

Detailed summary follows.

TL/DR: SEC isn't asking for XRP to be deemed a security, will likely settle, and the court has the power to stop Ripple from selling any more XRP.

2/19 On Jan 1, @JohnEDeaton1 filed a writ of mandamus against the SEC that was "extraordinarily well done". Writ is asking a superior court to tell a lower court to do something correctly, but is rarely granted. Petitioners also want court to order XRP "not a security".
3/19 While it's a difficult argument to make that XRP is a security, Hogan doesn't think the petition will be granted (watch the video for all the reasons why).
Read 21 tweets
11 Jan
1/22 Why XRP will beat Bitcoin.

(Video version @ )

A thread. πŸ‘‡
2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.
3/22 However, it's important to compare Bitcoin and XRP not in terms of price, but market cap. That's because there are 100 billion XRP (and will never be more) and 19 million circulating Bitcoin (21 million max). So comparing the price of individual tokens doesn't work.
Read 24 tweets
11 Jan
1/ I've created a YouTube channel with my XRP explainer tweets as videos for those who prefer audio/visual learning or to share with people who aren't on Twitter.

Please SUBSCRIBE and RT to help educate folks on the wonders of XRP!

Here are the videos I've created so far. πŸ‘‡
2/ Why I changed my mind about Bitcoin in favor of XRP.
3/ XRP's Consensus vs Proof of Work/Proof of Stake and why Flare is superior to Ethereum
Read 8 tweets
10 Jan
1/21 The pros and cons of cryptocurrencies with an immutable, decentralized, public blockchain, why banks aren't going away, and what that means for XRP.

A thread. πŸ‘‡
2/21 When I got into crypto, one of the first things I learned was that the blockchain is immutable. Once something is stored on it, it can't be changed. Once you decide to make a transaction, nobody can reverse your decision, not even the State. This gives you real power.
3/21 The blockchain is also public. Anyone with the right software can view every transaction on it. This keeps people honest and builds trust b/c everyone knows everyone else can audit the blockchain and ensure everything is on the up-and-up.
Read 24 tweets
9 Jan
1/14

How high will the price of XRP go? πŸ’₯πŸš€πŸŒ™

With the crypto bull run getting started, many XRP HODLers are dreaming of their future lambo potential. But just how high can the price of XRP get? Let's forecast.

A thread. πŸ‘‡
2/14 First, keep in mind I'm assuming all 100 billion XRP will be available for liquidity. They won't be. From investment holders to burned XRP fees or lost XRP from "boating accidents", 100% of the currency will never be available. So my price estimates are likely quite low.
3/14 1⃣Ripple wants to conquer (using XRP) the cross-border payments market. That's a $20 trillion/year ($55 billion/day) market. To provide that kind of daily liquidity, the price of XRP would have to be $0.55. dailyhodl.com/2019/10/08/bra…
Read 17 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!