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See my post:
stockvaper Tuesday, 12/08/20 03:13:00 PM
Post # 21167
How to Claim Flare Networks’ Token in the XRP Airdrop
"...Participants will receive Spark tokens based on their XRP balance on Dec. 12, 2020 at 00:00 UTC. Spark tokens will be distributed when Flare Networks goes live between Q1 and Q2 2021..."
If there is tax for receiving these, I doubt it will me much for most of us.
Flare hasn't sold at all and is mostly unheard of other crypto hodlers. Because it's so new, I don't think it'll establish a value of more than a few cents by 2020 YE. It'll take time to establish it's network.
Just my opinion.
I didn't call all BTC investors stupid. It's a relative term. What I or you thin is stupid is only our opinion. Not a fact. And I said even the stupid investors will switch to Link. That could be 1 or none of them. The assumption you made was way worse than I actually intended.
How to Claim Flare Networks’ Token in the XRP Airdrop
- Flare Network’s Spark (FLR) tokens will be distributed based on XRP holdings at 00:00 UTC Dec. 12.
- Numerous exchanges will support the Spark token airdrop.
- Though Flare will snapshot XRP balances this month, FLR tokens will not be distributed until 2021.
https://cryptobriefing.com/how-claim-flare-network-tokens-xrp-snapshot/
I guess it pays to be a computer nerd.
I agree. XRP will probably benefit the most from the crypto regulations being released in a few weeks; they have the most distribution worldwide with finance/banking/foreign exchange/funds transfer. When XRP becomes a cryptocurrency asset, stock markets and banks won't be afraid to hodl/exchange it.
XRP Looks Toward 60% Breakout Despite Consolidation
o XRP is trading within a tight range that is getting narrower.
o A spike in buy orders around the current price levels could see the price of XRP rise more than 60%.
o However, greater selling pressure from "whale" investors is a reason to be concerned about XRP's long-term value.
https://cryptobriefing.com/xrp-looks-toward-60-breakout-despite-consolidation/
Maybe the statute of limitations is up for Kent Carasquero after he took all of the money from the company and ran to Canada.
Still no competition to the smart crowd.
Sample of TransferGo fees:
BTC fees:
The Bitstamp exchange, five dollars of BTC is an amount you can neither trade with (the trade limit for Bitstamp is $25), nor withdraw as the withdrawal fee costs more than $5). During times of network congestion, the BTC transaction fees would be cost-prohibitive for sending such a small amount of Bitcoin.
XUMM has a small transaction fee of 0.000012 XRP per send.
Ethereum, Ripple’s XRP And Chainlink Are All Beating Bitcoin—These Minor Cryptocurrencies Are Too
https://www.forbes.com/sites/billybambrough/2020/12/06/ethereum-ripples-xrp-and-chainlink-are-all-beating-bitcoin-these-minor-cryptocurrencies-are-too/?sh=652db6c349ee
If you have 24 minutes in which you'd like Flare/Spark explained in simple language, this video is for you; it's very informative:
Flare Network & Spark simply explained
XRP beat BTC by 5% return yesterday .... again ...
https://coinlib.io/en/compare/2020-12-06/BTC/XRP
XRP price: Will the Flare Network airdrop trigger a rally to $1.00?
https://cointelegraph.com/news/xrp-price-will-the-flare-network-airdrop-trigger-a-rally-to-1-00
Good luck turbomunkey.
The cryptocurrency regs tied with this, and XRP will start getting the smart deep pocket investors that want a better return than BTC:
S&P Dow Jones to launch cryptocurrency indices in 2021
"The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins..."
https://www.business-standard.com/article/international/bitcoin-on-wall-st-s-p-dow-jones-to-launch-cryptocurrency-indices-in-2021-120120400059_1.html
Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks
The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors to know how to invest,” therefore attracting more institutional investors.
https://news.bitcoin.com/us-banking-regulator-positive-cryptocurrency-regulation/
Correction BTC was $16000 last month.
Invested in 1 BTC you earned $3500.
Invested $16000 in XRP and you earned $22080.
I agree. XRP is worth more than BTC. It was the first and yet the worse.
(Customized t-shirt maybe?)
No taxes on the Flare drop. It has no proven value until you sell them.
Coinbase does not charge for conversion of cryptos within Coinbase.
Chainlink vs BTC this YTD:
https://coinlib.io/compare
It’s time to mature: We need compliant decentralized finance
https://cointelegraph.com/news/it-s-time-to-mature-we-need-compliant-decentralized-finance
Using BOA, how can you send Kraken's code with a wire transfer to them for funding? There's no field in the wire transfer form for a code for the recipient.. BOA claims "Comments" field is only available to the sender, not the recipient. (Is that true?). Thanks in advance.
ap17, Kraken seems to have a higher level of security. I've never used it before so to set up an intermediate trading account so it took several "support help chats" to assist. (Chat is very fast and helpful). Their doc for setting up could use some improvement. I'm still battling BOA on their lack of availability to add a "reference code" to the transfer which is mandatory.
I don't think so. The volume is picking up a little.
This worked out to be good timing for me though. I sold my Coinbase XRP @ around .61 and haven't bought the Kraken XRP yet.
Bitcoin arrives on Wall Street: S&P Dow Jones launching crypto indexes in 2021
In the latest big move by traditional finance to incorporate crypto, 550 coins will appear in the new indexes starting next year.
https://cointelegraph.com/news/bitcoin-arrives-on-wall-street-s-p-dow-jones-launching-crypto-indexes-in-2021
I don't think most of the crypto asset classes are that tough to figure out, IF they relate them to what rules/laws already exist today.
For example: BTC has intrinsic value mostly. so treat it the same as precious metals.
Crypto securities - The term "security" refers to a fungible, negotiable financial instrument that holds some type of monetary value. It represents an ownership position in a publicly-traded corporation via stock; a creditor relationship with a governmental body or a corporation represented by owning that entity's bond; or rights to ownership as represented by an option.
Crypto currency - a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
Where it's complicated is forks to contracts, blockchain payments in the form of checks, many asset class licensing fees, royalties, etc.
I think they need to publish regulation for the 50% or so of blockchain/crypto that is clear and then add addendums to regulations as they become defined. Like other financial laws.