Is XRP investable? Lets look at some pros and cons

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Is XRP (ripple) investible?

XRP is the 3rd biggest cryptocurrency by market cap and has held this position for a long time. It has been suggested by many that XRP is one of the most investable crypto assets on the market. The current trading price of around $0.19 is a far cry from its $3.84 peak when it was trading on the 4th of January 2018. This is a 95% price decline while still holding onto its 3rd spot on coinmarketcap.

XRP is one of the worst-performing cryptos of 2018 and 2019 and can't seem to get out of its current resistance it meets at 20 cents. However, it holds it top 3 spot for now and until Tether soon overtakes it. (Stable coins don't count in my view and should not be listed but they are). There are a few experts that claim XRP could turn around and show some green candles but it'll not happen overnight. Anyways, let's have a look at some the reasons why XRP is investable and a few reasons why it is not.

Negative Stuff

XRP has always been highly criticized for failing to operate in the same manner as other cryptocurrencies and also being very centralized. XRP has made a lot of connections with banks, has a huge circulating supply and for this reason, its price stability is treated differently compared to other cryptos.

In general crypto's with small circulating supplies can reach the market faster which makes them very investable, but XRP has a huge circulating supply and many questions whether it can ever be considered an investment. Ripple also sells off millions of XRP every month to pay the bills. The idea of investable crypto is to buy at a cheaper price than you sell for in the future. Ripples will continue to sell off millions and billions of XRP for years and slow any price increase down.

Positive Stuff

Looking at some of the more investable qualities of XRP, it is a sounds asset for portfolio diversification. It is currently very cheap in price and has a huge circulating supply, investors could still profit by buying in large amounts. Furthermore, buying heavily at a cheap price offers the chance to make very good returns on even small price changes.

Ripple the company that owns and runs XRP has been making partnerships deals and these are expected to make a change in XRP price going forward. Some say that expected value will bring XRP back to $1. XRP's price is also somewhat dependent on Bitcoins price and this is another reason to invest. However, with XRP's supply increasing faster than BTC's, this relationship is distanced as time goes by.

My Thoughts

I personally do not like XRP, i think it's a scam and Ripple itself would fail and already be bankrupt if it could not sell tens of millions of XRP tokens into the market every month. The CEO admitted this fact during a video interview. As far as i am aware, XRP has no use cause and it's $8.5 billion market cap is ridiculous, once valued at over $200 billion during peak FOMO in Jan 2018. Ripple liquidates there own investors money and sell a good story. They do have lots of very impressive partnership deals on paper but at the end of the day, them deals are done with Ripple and Ripple owns XRP so even if Ripple makes a fortune, that does not mean XRP will increase in price. Why would it?

If i had -£10 in the bank (Ripple) and 6 apples (XRP), then i earn some money and have £50 in the bank, are my apples worth more? No...

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This is why i think XRP is a scam because its trick's people into thinking that Ripple and XRP are the same things. Investors, not all but a lot assume that they are a package and are 1 but this is not the case and it's very sneaky. Also, XRP does not require mining as it was all pre-mined at launch. With 100 billion total supply there are currently 44 billion in circulation and 55 billion being held by Ripple and it's research labs. Of that 44 billion in supply, the co-founder and former CEO Chris Larsen own around 5 billion XRP tokens which made him the 18th richest man in the world when XRP hits it ATH. The other co-founder Jed McCaleb owns around 5 billion and the current CEO is reported by Fox to own 6.3% of Ripple. It's also interesting to note that Jed McCaleb cofounded mtGox and after he left Ripple in 2013, he launched Steller. They own 10% of the total supply between them and both left Ripple years ago. I wonder how many billions XRP the current CEO has.

It's very centralized and from my eye, XRP looks to be a cash cow for a non-protiable Ripple with no real-world use case. When Ripple is done selling the rest of there 55 billion holdings, they will not care much about the price of XRP. And to add injury to insult, according to telegram, twitter and credit, the active Ripple community has lost 80% of its users since 2017. We feel your pain over here at Steemit Hive.blog but XRP is complete shit compared to HIVE so there's no debate there. Obviously not talking about marketcap, lol.

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I've never owned XRP and don't plan to but to each there own. Thank you for reading this post by @spinvest

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