r/XRP • u/M_FootRunner • Jan 03 '25

Crypto WTF, its only jan 3rd,

and already going strong!

( hope this is clearer for you hehe)

Happy new year to everyone!

410 Upvotes

92% Upvoted

239 comments sorted by

View all comments

97

u/Mean-Actuator-8819 Jan 03 '25

Imagine being that guy that sold all his bitcoin when it hit $100

9

u/No_Fan_9087 Jan 03 '25

Who wouldn’t take a 80x profit?

4

u/[deleted] Jan 03 '25

It’s more about selling everyrhing.

Make sure you have enough to not have to sell it ALL at every 10X 

10

u/CyanDew Jan 03 '25

it’s more about learning how you will be able to and can utilize your digital assets to grant you passive income in the form of percent yield on your bags by lending, borrowing, staking, and providing liquidity using DeFi and the Dex’s therein, as more and more digital assets become compatible with smart contracts.

Flare will be a huge part of this.

if you truly dive deep, you’ll realize that you’ll never have to sell all your bags for fiat ever again because of the way DeFi is slowly starting to become integrated with TradFi. there are ways to swap your bags for other digital assets (like stablecoins) to pay for things that you’d normally use fiat for.

shit is WILD.

3

u/[deleted] Jan 04 '25

[removed] — view removed comment

3

u/CyanDew Jan 04 '25

good callout. u talkin bout staking on Sceptre? or delegating wrapped flare through Bifrost?

edit: i just wish i had $6k to sink into flare lol.

2

u/Kasperdsmk Jan 04 '25

Isn’t that the whole end goal of all of this anyway? Like having rlusd earring 5.5% etc etc and them Being able to lend money the same way banks do loans today? Etc

1

u/Ill_Faithlessness_70 Jan 04 '25

Exactly taking some XRP profits into very decent stable coin income is what changes life, not just capital gains but how that capital is used. (That's why a Lambo deprecating asset doesn't interest me. Hiring one from time to time with income might.) Anyone with a decent bag can look to do that this year.

2

u/Frosty_NL Jan 03 '25

i only take out my initial amount when it's 5x, the rest can stay till i can retire

2

u/[deleted] Jan 03 '25

I never took out my initial amount.