Can you get rich by just holding XRP?...Famous Analyst: "Dreaming of a single big hit leads to ruin"

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As advice emerges that storage stability and patience are more important than short-term returns for long-term holders of XRP, the debate surrounding holding strategies is intensifying again amidst expanding market volatility.

According to Bitcoinist, a cryptocurrency specialized media outlet, on May 5 (local time), crypto analyst Vincent Van Code unveiled five investment plans for long-term XRP holders via X (formerly Twitter). Van Code emphasized that despite XRP's price remaining in a downward trend, with market volatility increasing again, long-term holders should manage their assets more securely and capitalize on potential profit opportunities.

The first principle Van Code presented is storage in a personal wallet. He stated that repeatedly sending XRP to exchanges or third-party services increases unnecessary risks, and investors should store XRP in a personal wallet where they directly own and control the keys. He advised against taking security risks for small returns.

The second key is patience during the long-term holding process. Van Code said that while other cryptocurrencies are rising, XRP's price movement might feel frustrating, but investors must maintain calm judgment. He emphasized that XRP has already risen fivefold in recent months and warned against the impulse to liquidate too early. Van Code stated that he himself has gained significant profits from XRP's growth but has no plans to dispose of his holdings prematurely until safer monetization paths, such as banking custody opportunities, are established.

Van Code explained that borrowing against XRP as collateral could be considered only when banks provide secure custody solutions. He stated that by redirecting borrowed funds to other major investment avenues like stock indices and precious metals, one could gain exposure to traditional financial markets without selling digital assets. He explained that while the returns on traditional assets might not be as explosive as in a crypto bull market, they offer lower volatility and can contribute to long-term wealth formation.

Van Code also cautioned against the unrealistic expectation of becoming a millionaire solely with XRP in a short period. He emphasized that the likelihood of creating immediate wealth solely through cryptocurrency is low, and investors must continue to build their careers and professional capabilities to get closer to their goals. Bitcoinist reported that Van Code's advice summarized a long-term holding strategy centered on security, patience, diversification, and realistic expectations.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*