u/PipToSatoshi

I see a lot of people saying they're in for 5-10 years, but when you dig into the actual strategy it's checking the chart every morning and waiting.

Which I get. self custody plus patience is genuinely hard to beat if your conviction's long term. I'm not knocking it tbh

I've just started wondering whether "hold" has to mean doing absolutely nothing with it. XRPL's got the AMM now, stablecoins, tokenization, more lending infrastructure showing up, LendProtocol, for example, offers 12% fixed apr on XRP. So there are ways to make a long term position do something instead of sitting there.

And to be clear, lending isn't staking. XRP can't be staked traditionally, and what you're actually doing is taking platform and custody risk for the yield. I wouldn't put the whole bag anywhere near it. But for a portion I'm already never touching, it's at least worth thinking about.

So I guess the question isn't really hold or sell. It's more are you happy leaving completely idle for the next five years?

What's everyone doing?

Bought my first challenge Feb 2023. £399. Failed it on day 6, news trade on GU, 4% gone in one candle. Told myself the daily drawdown limit was unrealistic and that real trading doesn't work like that.

Bought another. Failed. Bought two more over the next year, failed both. One of them I was at 8.2% with two days left and sized up to finish early. £1,600 total on challenges, plus whatever my dignity was worth at that point.

What I kept stepping around was that I had never once put together a clean 30 day stretch on my own money either. There was just no number staring at me so I could keep pretending. The prop firms didnt invent the problem, they just put it on a scoreboard and charged me to look at it.

Stopped buying challenges mid 2024 and went back to a small live account, £2k of my own. Boring as hell. Took me 5 months to drag it to £2.6k and that stretch taught me more than all four challenges combined, mostly because nobody was going to switch it off if I had a bad week.

Changed brokers around then too, ended up on axi raw, mainly because commissions actually show up when youre trading 0.05 lots and every pip is visible on the balance.

Not anti prop, some people use them properly. But if you cant hold it together for 30 days on your own money youre definitely not holding it together on someone elses with a 5% leash. You just pay to find out quicker tbh...

TLDR spent £1,600 learning the daily drawdown rule wasnt my problem

same three questions on repeat every few days in subs.

can I stake xrp. how do I apy on xrp. why xrp doesn't have staking.

it's the same question wearing a different outfit each time. most people asking don't actually care about consensus mechanisms or how xrpl validators work, they just want to know if their bag can do something besides sit there.

and the answer people give is almost always just "you can't stake xrp," full stop. which is technically correct and also completely useless to the person asking.

because there's actually stuff going on now. self custody obviously still the default for most. some people are providing liquidity through the xrpl amm. some are lending out part of their stack through LendProtocol, which is one of the projects that's come up a lot whenever people ask how to earn yield on XRP(I also have 30% sitting there), that's a separate risk category from staking entirely and people conflate the two constantly, which annoys me ngl, since the liquidation risk on lending is nothing like just locking tokens for validator rewrds.

I don't think the problem is xrp doesn't have anything to do anymore. the problem is nobody explains any of this past "no staking, sorry." newcomer shows up, gets that one line answer, assumes the whole ecosystem is dead and closes the tab.