Replies to post #5733 on Ripple (XRPUSD)

[MindlessSelf]

I got notification of loan activation at 1:39am Easter time on first one then 1:42am on second one.

So I am expecting update on my third loan around 1:40am. Let’s hope we at least hold 0.30.

I am doing 6 consecutive loans and will continue to roll each one over every time for additional 3 months. You can roll them over indefinitely. With this approach I will eventually receive interest payments every 15 days. At these prices it isn’t much, but when xrp starts getting into several dollar range, the interest will become more material.

I will convert interest into more xrp and start new loans to add in addition to the 6 that keep rolling over and just keep churning it. This will grow the xrp while we Hodl even at times when we can not afford to buy more with our extra $$.

Strategy is effective in rising price environment because you are not committing everything to one strike price. A new loan is issued every 15 days and hopefully at a higher strike value.

I plan to hold until we hit triple digit xrp. It will be easier to hold that long when the interest payments start to be equivalent of not more than my paychecks from work. If XRP ends up becoming the global standard, there may never even be a need to sell if the loans keep executing and I can live off the interest and some day sell at end and be multi millionaire.

It is a long shot but I have hope. Based on Ripple Labs has accomplished and where they vision the ecosystem will be in the future, we actually have a real shot at becoming wealthy as early adopters.