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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

You Want $1K XRP? You’ll Need Iron Nerves — Or ‘Mental Illness’, Analyst Says

Christian Encila
Christian Encila
2 hours ago
3 mins read
XRP

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A pro-XRP software developer sparked fresh debate this week by saying it takes “serious conviction” to hold volatile coins like XRP through long, wild swings.

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Vincent Van Code said holding XRP all the way to $1,000 — let alone $10,000 — would take “mental illness.”

His comments have drawn attention not just for the blunt wording but for the story they tell about the human side of crypto risk.

Holder Psychology Under Stress

According to Van Code, the real test begins long before a coin hits big numbers. He pointed to Bitcoin as an example: Bitcoin traded under $1 in 2010 and now sits above $110,000.

Many claim they would have held from those early days, but Van Code argued most people would have sold around $100.

Every talks about “oh if I bought BTC for $1 id because billionaire today”.

What you fail to realize is 99% of people would sell even at $100.

Or what about when it dumped from $10k down to $1k then back up again.

You really have to almost be mentally unstable to hold from $1…

— Vincent Van Code (@vincent_vancode) October 19, 2025

Reports have also noted whales who were inactive for more than a decade recently moving coins bought for under $1,000 and cashing out millions or billions.

The famous case of the French buyer who spent 10,000 BTC on pizza remains a blunt reminder that people do sell, sometimes at huge regret.

XRP Near Key Demand Zone

Technical calls are mixed. Ether Nasyonal, a crypto analyst, told followers that XRP is “cooking something” on the 1-month chart and highlighted an important demand zone.

Following the sharp drop and quick bounce on Oct. 10, XRP failed to break past $2.5 and is still short of the $3 level. The token is down 14% this month.

$XRP is cooking something up.

Chart has been inverted, but the story remains the same.

XRP is still gathering strength within the demand zone emerging from the 2018 major resistance.

While the direction may seem confusing, the structure is clear.

The next major move… https://t.co/HT9Sqhembx pic.twitter.com/s5grcnCMFZ

— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 19, 2025

Past movements add weight to caution: XRP plunged more than 90% after peaking above $3 back in 2018, a crash that punished holders who sold in panic and then watched prices recover later.

Personal Stories And Public Bets

Some holders frame their approach as a long-term plan. One user, TheXFactor33, said he has held XRP for over eight years and has weathered multiple crashes.

Van Code has said he mentally removed the money from his balance sheet and intends not to sell even if prices head far higher. He told followers his aim is to convert the stake into something concrete for his family, such as buying a home for his children.

XRPUSD currently trading at $2.42. Chart: TradingView

Long-Term Bets Face Real Tests

Views on how high XRP could go differ widely. Some analysts project a bullish scenario that sees XRP at $1,000 by 2040, a forecast that would require years of patience — roughly a 15-year hold from today’s levels under $3 — and a lot of market resilience.

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Meanwhile, a good number of investors say they would cash gains early to pay for cars, houses, or other goals, making multiyear holds rare.

Surviving repeated crashes and strong rallies takes more than luck; it takes steady nerves and a plan.

Featured image from Gemini, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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