Working on the big PENSKE project
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Judge started questioning sec right at start of the hearing. I think she was leaning towards sec defense and was letting sec do most of the talking to see if they could sway her decision. Sec constantly brought up Scott vs chipotle case because judge netborn ruled on that one. But she wasn’t totally convinced that that case was the same so attorney jeremey hogan thinks the sec wasn’t successful and that ripples defense will be granted. I listened in for first time and I did not get a slam dunk feeling for ripple. It will be a close call who wins in my opinion. I did pick up on the fact that the judge was totally not on board with what the sec was saying, but I felt ripples attorneys didn’t really bring it home either so I didn’t get that 100% confidence. But then Jeremy hogan was very excited so he knows more about the subtleties
We need to know if the judge is going to give sec access to the documents ripple has with its lawyers when they did their internal review of whether they were advised whether it was a security or not.
It’s fees and studying and getting a license. I don’t think it’s that easy either. I have a baby and a toddler and a full time job so it’s hard for me to take on but I think it is important to be able to have this access before ipos
I just don’t get the justification. If I win the lottery I have the assets to be an accredited investor but if I work in finance ina cubicle making less than 200k I am not accredited ?
I just don’t get the justification. If I win the lottery I have the assets to be an accredited investor but if I work in finance ina cubicle making less than 200k I am not accredited ?
Did tog take the exam to get the license to be accredited investor ?
Ripple stock up for sale at $34 a share on linqto. Accredited investors only. How the rich get rich by excluding us small guys
There are 3 officers that all held treasury positions working for Ripple. They have had open job postings for specifically cbdcs and engaging with foreign govts. They are on a recording saying they have engaged with 50 central banks. It is not a matter of if, but when they announce central banks on Ripplenet. Countries will need time to pilot cbdcs but that is where Ripple can help.
Also the connections to the banks may not be as direct because some of the ripple partners have their own banking relationships. So while we may see one partnership with Ripple. That partner than uses ripple tech on its 100 banking clients. I think ripples reach is far beyond the 300+ partners they say they have on their website
Xlm is a definite winner too. I chose all xrp but smart to diversify with stellar as they have same tech and real partnerships. Same creator and of xrp.
I still believe personally very first airdrop is not taxable income because there is no trade prior to airdrop to price it. They all start at 0. I believe every air drop after is taxable but how do you pick the time to value it up f the day of the subsequent airdrops gets really volatile?
Xrp flr stellar cardano. If you hold those today can you Imagine what they will be in 5 years
To me this is late. But to 95% of the world, you are early. There still has to be a massive purge of all the crap coins and the money will flow into the ones with legit projects in production. They will skyrocket. That is why it is good to look at the team behind the coin and the partnerships. Which ones will have the staying power.
Then I think eventually fidelity will start offering crypto basket funds and give regular retail investors to allocate some of their 401k into these investments tax deferred. That will bring trillions into the space very fast. That is still a ways out because the public has to get comfortable with it, the clarity needs to be there, and the custody and insurance has to be there.
It’s all coming. I guarantee it. So if you are in some of the top 20 and you buy and hold, you will be set. And you will beat out most of the population. The rest of the world is waiting for the Goldman Sachs and wellsfargo and fidelity to tell them it is now ok to buy and safe and that it is a great way to diversify your retirement by putting 5% of your retirement in crypto
I am big time long holder. I am holding for complete financial freedom. If xrp was not around I probably would have been all cardano but I let that one get away. Xrp stayed down so long and I just kept loading.
Cardano in the short term crushed it and I would probably already be retired if I picked them but it is what it is. I have xrp and soon flare and now I am hoping to add hbar whenever I get any money.
I am staking for passive income until I reach a financial freedom number and sell. It means I will be around for a awhile unfortunately.
You play your cards right with those two coins and you will be very successful
Once a few banks get connected on Ripplenet, it makes it that much easier for the others to join. A few had to take the first leap. The snowball has started to roll down the hill. This article is proof! Bad trading day, good day to hold xrp!
https://www.financemagnates.com/cryptocurrency/news/dubais-lulu-exchange-and-national-bank-of-egypt-connect-through-ripplenet/amp/?__twitter_impression=true
I don’t own btc and have not researched it but India and China ban crypto every other day. I do believe it is FUD because there may be more to the story.
Btc may be banned from China for purchases of other assets in the country, but that doesn’t mean it can’t still be mined. It doesn’t mean it can’t still be bought or sold for investment
When I wake up tomorrow morning I want to see that $2 xrp and I want $4 by Friday. We have our marching orders. Get it done !
Yes btc has gone from 3k to 60k with excellent staking so it may all be possible.
If xrp was $20 a coin and someone bought 5 xrp for $100 and staked it for 4% apr I can see that. That comes to not even 1 xrp for years.
But for the guy who has a couple million xrp suddenly moved it over to Nexo it is hard to imagine 50 to 100 xrp a day getting put into someone’s account at $20.
But these staking companies had to have all of this thought out. Maybe the higher the value, they more return they get on their side which allows the staking to continue......
Like technically I could quit my job at $20 xrp but I wouldn’t because it’s not realistic for me to say that xrp will hold that level and not go down.
The other thing I wonder is would Nexo and other stakings quickly adapt as prices go up? If xrp shot up to $100, could Nexo afford to pay 5% fixed? Would it suddenly drop to 1% or less? Would they have to remove it? That is what I am not sure of.
That is why it is more important now than ever to stake what you have and get as much of it as possible because if these staking rates go away with higher price of crypto in future, at least we got what we could out of it.
They turn into bank savings accounts paying 0.01% once xrp gets to astronomical levels
I plan to hold all my xrp and live off passive income. Once it reaches $50, that is the amount I would need to sell the whole lot and have my financial freedom secured. But on the flip side if xrp was at $50, it would indicate that it is well in its adoption phase and I would bet anything it would never go below 2 digits again. So I probably would never sell and just hodl.
I’d like to use the interest payments to pay off existing debt. Then the next step is to use it for diversified investments. Start buying Ripple stock, and other blockchain companies and crypto. Start putting it in other assets that create passive income.
I’m all xrp long term, but if our financial goals are met, I do believe it is good to diversify into others assets because you just never know if something happens 10 years later that could cause xrp some real problems.
Of course we are so early that if it ever got to say $200 and it suddenly crashed 90%, most investors would be devastated, but us hodlers would be holding a $20 xrp still and be massively in the green even in that scenario
It will prevent the massive sell off. Some people have their holding locked up and can’t sell even if they suddenly want to. Promotes hodling which is good for the industry in these early developmental stages. Once xrp reaches a good double digit number, those interest payments will pay for everything. And if xrp is at those levels they likely succeeded in their utility and then why ever sell? It generates passive income just holding
You notice this chart on here is all messed up?? On ihub it says it’s trading over 0.02. On uphold it says 0.006
I mean if xrp stayed at $10 to $20 range for years, would we even care? The interest alone that we could pull out would pay all our bills and we can keep all of our xrp
I mean imagine if xrp gets to that level of adoption where it is permanently a two digit xrp. It will become harder and harder for anyone to afford it, but our bags will just continue to grow. Always adding xrp no matter how expensive it gets.
This is going up and down 0.15 a day. Daytraders paradise
Pretty sure if that is video I am thinking of, it’s where he said eth is a security. He was not an sec chairman. He was speaking his opinion. He has always felt the judge in a court would make the final decision. And I think Ripple feels same way
Talk about another head fake
We need those increases 15 to 30% in one day
Yes it was false alarm once again......
David Schwartz tweeted last night that “today was a good day”. Brad garlinghouse did that same tweet after a small victory in case a few weeks back.
Oddly enough bearableguy123 riddler tweeted it first before either of them. I don’t buy into riddles but I do believe he is some sort of insider. Just don’t believe anyone can predict future because too many variables and parties involved. No one knows how it will all play out.
Ok here is one attorneys interpretation. At end of this video he said he believes if Gary Gensler wants to back away from case and work on regulatory clarity, we should hear something in the next 2 weeks. If we don’t here anything going into June, it is safe to assume Gary has adopted this lawsuit and it is full speed ahead. Next possible chance for settlement will come in September after they have gone through the discovery phase.
Even best case scenario they say let’s try and settle this, it is not going to be announced on Twitter. They have to create the terms of the settlement and present them to Ripple and I would imagine there would be a lot of deliberation and may still not result in a settlement. There is a lot that we will no know until after the fact. Anyone tweeting about that closed door meeting with expectations of an update and instant price increase within 24 hours is not being very realistic
Agree to disagree. To have a meeting like that and not discuss your most material case is highly unlikely. Outside attorneys would agree. To find a closed door meeting discussion out on Twitter the next day would land someone in a lot of hot water. Again whatever strategy they discuss could takes weeks or months to discuss. It wouldn’t come out hours later.
It’s a closed door meeting. They aren’t going to share anything. Even if a settlement strategy was discussed it could take a very long time to iron out. Ripple feels they are right so they are not going to cave on issue that may hinder how they move forward.
29,834 people signed it. It will go out today to sec chairman. He isn’t backing down on his position that xrp is a security and he wants the courts to make a ruling. Still I think it is good that we are being heard that we don’t agree with his actions, it shows that SEC is failing its mission statement and that they need to get clarity soon. It judge gets wind of this petition it will help our cause too with John Deaton
Who is that guy?! HAs a lot of followers. I took my first position here this week. Not crazy about the fact that it has already started lift off before I had any real time to accumulate. I’m in this for long haul so I guess I will see what I can secure under 0.50.
Libra token back to 0.03? They should be working on getting your funds back and changing up the business model
You add your name to the class action lawsuit with John Deaton? It’s a 1 in a million shot at maybe getting some restitution from the sec. what about the Flr snapshot? Did your xrp count towards that ?
Eventually I have to research flare finance. Whether it be Nexo or them, I want to stake that flare. The quantity is very comparable to my xrp position so between the 2 they can offer a lot of passive income. I hope to use that passive income to live off and to diviersfy into other crypto projects. Ultimately to retire retire early
Trading in the 1.40 to 1.60 range.
These are not 100% returns. These are 4 to 5% a year. Nexo model is they also have lube of credit which you pay to borrow. They also have their own coin which if you buy into gets you better earnings and lower borrowing rates but is generating more money. They even issue 30% back as a dividend to their Nexo coin holders. They have to be taking those existing fixed loans and depositing them somewhere to earn a return as well. They could sit in a pool where others are borrowing and that fee is then coming back to us in form of staking.
You are suggesting this is a pyramid scheme?
Yes I hope to live off the interest and keep the Initial xrp to keep generating that passive income.
I lock my xrp up to earn 5%. But I locked it up in 6 different batches over span of 30 days. This way I am earning the max rate, but every 5 days I have a fixed amount that becomes free. I can either roll the full amount over, or pull the interest out or keep interest liquid earning 4% and roll principal back into fixed.....
Right now it’s not life changing but when xrp gets price recognition and goes $5 to $10 and holds that value until next it’s next moon shot, that interest is going to mean something.