Hi guys, yesterday we posted a blog on the internet of things and when we can expect price to ‘moon’. In today’s post we want to address what exactly we mean by ‘moon’ and what this means for price.
If you haven’t already checked out Scott’s video on the internet of things (link below) and when we can expect mass adoption I highly recommend you do so – in this video he runs through an IBM document where they mention a surge in volume being pushed through blockchain from 2025 to 2030. Following this he gave the recommendation that you hold at least 10-25% of your crypto until this date.
Make no mistake about it however, enterprise adoption will still increase the price of XRP and other crypto assets and this will happen long before 2025. Many people will consider this increase in price as ‘mooning’, but how much is this value? If the price of XRP reaches $10, $50 or even $100, is that it? Have we ‘mooned’?
It is more than likely that the price of XRP will be between $100 and $1000 before 2025, but global adoption wouldn’t have even come close to happening by then.
To put this into perspective, the first e-mail was sent in the 1960’s, however the majority of people on the planet hadn’t sent an e-mail until the 1990’s. This is the time frame that’s required for new technology to become globally implemented. Crypto has been around for a decade - give it another decade and we will be even further along the path of global adoption.
The bank’s need to be ready first for the new technology, that’s why it’s being implemented from the top down, and that’s why the IMF and numerous other institutions are involved. There are coins that work from the bottom up, however XRP and ILP are coming from the top down.
So let’s stop with all the ‘moon’ talk. Decide on a price that you will be happy to sell a percentage or all of your holdings. We recommend dollar cost averaging in and taking profits when price reaches levels you are happy to sell at, but also recommend holding at least 10% of your portfolio until 2025, where we will witness the surge IBM talks about and will be further along the path to mass adoption.
So as always guys be patient, be grateful for the opportunity we have within this market, and most important be happy guys! You might thing that XRP reaching a certain price will make you happy, but happiness comes from within. Accumulate and wait, live long and HODL and we’ll be back with another blog post soon!
to the moon! :)
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