Ha ha. Funny. Oddly enough my only major flexes would be to pay off my mortgage and my truck and my girlfriend’s law school loans. We are such simpletons lol. No lambos or boats or any of that crap. Although she did find this cute 20 lb pig that’s so freaking cute. I’d do a channel with the Pom and the pig.

That’s such a tease. At least give us a hint while we day dream about naming our boats based on XRP VGB Solo Ripple Brad or what ever lol.

You can check and see your status for Solo already.

#138681 / 215752. 18.88% Filled

That second number went up exponentially since adding my 30k XRP to this account.

This is what I look at.

https://www.livecoinwatch.com/price/Vagabond-VGB

What’s the difference between VGB and VGO and coin gecko always seems way higher then other sites on their pricing. I don’t get it. It’s always so much higher.

So here’s something to think about. I read an article the other day about WHY tokens do airdrops. What’s the point of giving out “free” tokens. In the article … it gave 4 or 5 solid reasons as to WHY the coin is being airdropped and what the benefits are to the coin being dropped. No where in the article did it mention the company that benefits from promoting the drop of the coin getting dropped. Follow me?

So in this case …. What if the drops aren’t about VGB and Solo. Look at all the people buying using transferring and holding XRP in anticipation of these airdrops. What if they are gaslighting the public into showing them the true power and benefits of using XRP and it’s less about Solo and VGB. That’s not that far a stretch is it? You follow what I mean?

That’s the message lol.

I just didn’t know once the trust line is established if you could swap out. My guess is maybe not. Some free drops I’ve been able to swap some $hit coins to XRP. Other times it says you need to use a 3rd party extension because there aren’t enough bids or the exchange rate is unfavorable lol. It gives you that warning at the bottom of the page. I did start to set the one up you mentioned.

Now when everything is on the ledger can you still stake tokens using that through nodes or do they just sit there. There is going to come a time when I want everything off. If they wanted everyone’s XRP back they could easily do it by heisting something like xumm knowing all of us are greedy enough we’d send our right arm for the right free airdrop lol.

Yes lol I was like until my last 30 day loan times out because I only have one monthly withdrawal per month from Nexo. But the last one times out so close to the snapshot that if I forgot because I was busy with work I would have s heart attack. Still not even sure how I’m going to navigate working the 24th knowing VGB will be landing and people will be making their moves.

31K XRP and 30 Sologenic tokens are posted for the snapshot. I kept 10k XRP on the sidelines because some are locked up and some are just … there for protection and not to be risked or squandered on such shenanigans lol. Now Merry X Mas come our way.

I guess my other question is this. When Sologenic does drop into our trust wallet … could we swap it for XRP on the spot or would we have to move it to that exchange? Once you have a trust line and a deposit you can swap just about anything out of one token for another. That’s why I’m thinking of adding SBG or FLR or any others to maybe swap one for another. I do like someone’s game plan of converting and making Nexo tokens their end game. But now sure that’s worth it. So many questions. lol.

All I know is this. If I’m paying taxes on it they ain’t taking $hit lol.

Oddly enough that link was exactly what I was looking at tonight. Regardless of what happens it’s been quite a trip hasn’t it? A lot of good ideas have come out of this board. I feel like 2022 is going to be our year.

Is this correct? The one exchange part lol.

Vagabond (VGB) is currently ranked as the #3380 cryptocurrency by market cap. Today it reached a high of $33.20, and now sits at $24.64. Vagabond (VGB) price is down 7.59% in the last 24 hours. Vagabond is currently trading on 1 exchange, with a 24hr trade volume of $3,386.

Well the good thing about that token is it’s like a governance token for ABRA so you get higher percentages based on holdings. So I wasn’t going to dump it anyways. However … I did read that you can’t be taxed on airdrops until you have full control over buying selling and trading tokens. So even though this landed at $2.14 … US holders couldn’t trade until December 6th. So I’m only claiming it at .22. Screw them lol. It’s their rule.

Well when CPRX hit that dropped at $2.14 and is holding in the .20s now. Completely different project but I just feel people will find it hard not to take the fast money. Or at least part of the fast money. You do that and you may be able to buy back twice as much at half the cost.

The thing that makes me nervous is Xmas eve day is the busiest day of the year for me. So I need to watch that drop like a hawk and know what my play is going to be. I need a plan lol.

And what is with the price of Vagabond being back around $50. Mid $20s was comfortable lol. Damn.

So is this good …

#90470/1282331.64% Filled

Also found this little gem of an article. Look at the two savagely different approaches to navigating the airdrop tax implication. What say you to this?

https://founderscpa.com/how-do-airdrops-impact-your-taxes/

Side note. I think if you look on xumm … you can add flare and songbird under one of the options for like 2 XRP each. May be worth adding if thinking about swapping any VGB out. Just an idea.

I work with a few techie nerds and if you can live in the Metaverse it’s like real life population control. They go into this huge tangent about how you could technically live there forever. Real out there stuff. You APJ Mindless and myself can just go on vacation lol.

It’s why so many people are willing to spend millions in the Metaverse. I’ve been having some very interesting conversations about that. They can have it. Meanwhile … I’ll still be going to real beaches and swimming in real oceans and watching REAL sunsets and sunrises. It’s literally like the Matrix lol.

I’ve come to the conclusion that $1 is the new .30 we had to deal with years ago. Took us forever to hold above that we we were ecstatic after those mid teens and .20s. I think anything that can be staked for income will win. I love the XRP stake on Nexo and after a conversion I’d have well over 50k. Can’t believe I made as high as I did after all these years. For a long time 10k was my goal lol. Ooooops. Almost 4 times that now.

I am pumped over today’s prices. I hope they stay in the dirt for the airdrops. What a difference a day makes.

I still have a 30 day in progress. Two actually. And haven’t see. Any deviation.

You’d just have to trade out before the year is over.

Or if you play the wait and see game see if this hold true. VGB drops at $40 giving you $40k. It drops to $20. You trade out landing you $20k with a $20k loss which you can claim. So you end up paying on $20k. Is that how I am reading those rules?

So it may be a good idea to see what other coin options there are to trade out of on xumm. I don’t love ETH or BTC for various reasons but Flare / Songbird may be two good outs depending on where it can be moved to for trading pair and how fast. You know what I mean)

No problem. The three things I find most fascinating are:

1. First in first out rule of trading. Which means if you’ve been accumulating one coins for years as you cash out … the difference goes against your first coin and so on and not based on cost average. That basically means you need a running tab on your trade from day one.

2. According to the airdrop … the initial drop is considered taxable income but only when you have full control of the asset. So even though CPRX hit my ABRA account at $2.14 two weeks ago … I cannot buy sell or trade that asset as a US user until December 21. That’s a game changer because it dropped like a rock.

3. The initial drop is taxable income but should you trade out of it you only owe short term capital gains for gain or loss of the coin at the time you trade into. So in the case of VGB. Let’s say it’s released at $40 that’s a total of $40k income. Rather then seeing what happens … if you trade immediately into something more stable like XRP you may owe zero on the trade or if you trade our at $35 to XRP you can take a $5k deduction on the trade bringing your taxable income to $35k and not the original $40k. Is that how I’m reading that? Maybe get it into something stable immediately and then decide if you want to buy back in or not when the dust settles.

Thoughts?

It is. I felt bad because I told someone about it and gave them the date of the snapshot but I think the cut off was the 26th or something weird like that for registering the account. Other then setting up the Solo trust line and holding XRP on Xumm there is nothing else to do there correct? No email registry or trust line registry or minimum hold?

And this one …

https://www.realclearmarkets.com/articles/2021/12/02/beware_harmful_tax_measures_that_endanger_cryptos_future_805981.html

I found this little gem of an article so unless you come up with something better I will pout lol

https://www.cointracker.io/blog/how-are-cryptocurrency-airdrops-taxed

I have 10 more to go. But may convert my VGB to XRP post airdrop which would put me over by a mile.

Yes. Nexo is insured up to 2 Million and uses cold storage as a way to keep your assets safe. I am with APJ on this one. Love it.

I checked mine and it looks like my terms all showed and dumped in last night. Can send you a screenshot if needed.

VGB is holding strong around mid $30s. If that lands the 23rd and the snapshot for Solo is the 24th … I’m going out on a limb and guessing everyone will swap one for the other just before the snapshot happens. Thoughts? That airdrop date is very important to what happens next.

It’s funny as soon as I sent that message I was like I bet that’s the link lol. I downloaded it and will definitely check it out.

Where are you buying this one? Work was a madhouse. I bet you already told us lol.