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HomeCrypto NewsMarketHere's How Not to Sell XRP for a Lambo — and Keep Both

Here’s How Not to Sell XRP for a Lambo — and Keep Both

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A prominent trading expert has explained how investors could purchase a Lamborghini while still retaining their XRP holdings.

The strategy was shared by Cypress Demanincor, CEO of CYPRX Superior Trading, during a recent discussion on X. Notably, a Web3 enthusiast encouraged traders not to buy a Lamborghini just to show off to friends or family. Instead, he suggested seeing it as a symbol of how far someone has come.

How to Buy a Lambo While Retaining Your XRP

However, Demanincor responded with an alternative plan. Specifically, he argued that no one needs to sell their XRP to afford something like a Lamborghini. Instead, he presented a strategy where investors could enjoy luxury without giving up their long-term holdings.

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Demanincor explained that once someone builds massive wealth in XRP, enough to be considered a millionaire, they could put that XRP to work. First, he suggested using liquid staking to earn passive income. 

Then, by lending out the staked XRP, investors could earn even more. Further, the trader suggested borrowing against the XRP tokens in stablecoins. Now, with the earnings from this activity, they could afford the Lamborghini without touching the original crypto.

Speaking further, Demanincor proposed turning the Lambo into a money-making asset too. Essentially, he suggested tokenizing the car on a real-world asset platform that pays out yield. Through an LLC, the owner could list the vehicle for rentals. 

The income from rentals and tokenized yield could cover the borrowed stablecoins, all while the investor still owns both the XRP and the car. In his view, this approach builds wealth in layers, such as earning, borrowing, owning, and multiplying, without ever having to sell the underlying asset.

Possible Risks Involved?

While many supported the idea, some highlighted issues with the strategy. For instance, Michelle Nightengale, a longtime XRP supporter, raised concerns. Notably, she warned that XRP still operates in a young and unpredictable market. 

To her, risking XRP for yield right now could lead to major losses. She pointed out that XRP recently jumped over 700% since the U.S. elections last November and said those gains easily outpace any yield from staking or lending.

Nightengale reminded the community of past crypto failures like Celsius and Voyager, where investors chasing yield ended up with nothing. She stressed that XRP’s real value lies in holding it long-term, especially now that it’s finally gaining momentum after years of pressure and legal challenges. 

Meanwhile, another XRP proponent, Chris Criner, explained that Demanincor wasn’t talking about doing all of this right now. Instead, this was a forward-looking idea for when XRP matures and DeFi systems grow stronger. Criner said the smartest investors will find ways to grow their income without selling off their long-term positions.

Nightengale later acknowledged the misunderstanding. She said that if Demanincor’s strategy applies to a more developed XRP and DeFi market, then she agrees with it. In fact, she said she looks forward to earning passive income through upcoming tools like Flare Network’s Firelight protocol.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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