Working on the big PENSKE project
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Small 20% Bounce :)
You will have to find an exchange that still trades xrp.
First if Uphold makes an announcement that they are removing xrp (like coinbase) they will give you a heads up. And there is usually a large window of time where they will allow withdrawals only. So customers still have a cash out option, or option to move to another exchange or wallet.
I personally am holding my xrp at XUMM wallet application, now referred to as XAMAN. This was a wallet built on tbe XRP ledger and offers some services for xrp holders. And creator is not based in US.
So I am storing it safely there until I can figure out what to do with it if US is a complete loss (which I am personally optimistic it is not going to get that bad).
I found exchange KuCoin tht allows me to trade in xrp overseas without currently KYC required. You have to KYC if you want to cash out in USD, but not if you want to exchange for another crypto. So one option could be to send to KuCoin, exchange it for USDT or USDC which is pegged to dollar, then transfer that back to uphold or coinbase or wherever and then convert to fiat dollars if you were looking to get oht.
I think there will always be a way to sell or convert your xrp
No matter what happens here in US, xrp is GLOBAL. If xrp crashes abd you still have ability to buy xrp, just keep loading up. Because a ripple loss in court is extremely short term price action. It will rebound and still go higher later. I will quote Brad Garlinghouse here when he said, “Ripple has been operating the last two years as if it has already lost in the US”.
That is why I feel good with my xrp. It will really $ucl short term if there is a loss, but that doesn’t mean some day you still won’t get rich as the whole world starts to use it without us.
Also remember ripple is jist a large holder of xrp. There is no telling what some entrepreneur or institution can do with xrp where it is ok to use in US. Like tokenization of derivatives or tangible assets. We are still in discovery phase for all crypto
It may be wishful thinking, but founders of Ripple and members of BONY are forming Polysign to handle institutional custody services of digital assets. I think they will start with crypto but eventually tokenization of stocks and bonds.
I think one of the potential services would be a earn program where we can lend out our xrp for a fee to Polysign. Just speculation but I would feel really good about parking my xrp there with a company directly associated with Ripple and BONY Mellon.
Like you said. Why ever sell the xrp. We could live off the interest by lending it out.
There is close to 50 billion xrp out in the wild now. Without utility and adoption, it will never see $600. Handing half the supply to the US to dump on us would get us nowhere near $600. It’s going to be a long grind up to $100. One I am will to wait for.
Xrp is global and it’s a “free market”. The US buying xrp would send a strong vote of confidence but there is no way that of telling what the price would end up at. And if the US were to suddenly dump 50 billion xrp on the world, just how quickly would that price crash and burn.
Couldn’t you make the argument with Bitcoin or some other digital asset? We can create a scenario in our heads, but to get the US government behind an idea like that, and the rest of the world, it’s almost impossible
This is Alex Cobb. A die hard xrp social influencer and holder but it’s not like this is coming from an actual news outlet
So ripple the company is not doing well? And you think the company is taking btc down as well?
It really makes no sense how people try to peg xrp to Ripple performance. Even the experts couldn’t do this in the lawsuit. The biggest driving factor is btc.
Anytime I see xrp I zoom oht and look at all crypto. No shock, they are all down. Tbis is industry / asset class wide and has absolutely nothing to do with Ripple
So ripple losing is taking the entire crypto industry down? Hahahahahahahaha. Or is this just the movement of the entire asset class.
Can you do this with XRP?!
Coinbase holders are getting their FLR starting today. Could add to volatility this month
Nothing we can do about it like you said. I’m riding it out and bought a little at the start when it became tradeable. I hope it does well. I believe from your prior comments you are more of the technology expert with knowing how the developments are progressing. I will be checking in with you over next 3 years
Yes those of us fortunate enough are able to take from binance and coinbase holders. I voted against this proposal because I don’t think it’s right.
You know what would have solved this problem? 1 air drop to xrp holders. Sure some may not receive it same day but they would have received it. Perhaps those that received more information ahead of time could had planned better. Coming up with all these changes after the snapshot prevented anyone from reacting.
The war really is happening on crypto. Nexo stopped their earn program in US on 4/1. I moved the xrp to XUMM wallet. I tried to move the Nexo token to Bitrue where I initially bought them and Bitrue told me I had to submit an application. I live in state of CT. I sent all my information over and was rejected. I asked why and they said due to regulatory uncertainty they would not be allowed to operate in my jurisdiction.
Isnt Bitrue an American exchange ? So I moved Nexo over to Bifrost wallet but I don’t even think I can cash out or even exchange it now. Sec is targeting the exchanges because they know they can do the most damage that way. Sure they can lose against Ripple, but they will be sure to attack all the exchanges so no one can trade it or any other crypto.
Gary and sec attacked me for buying xrp. And because I had it they attacked the earn program and now they want to take out the exchange so we are stuck with no off-ramp. It really is sick why sec is attacking us. All I am doing is trying yo save for my family and I found an interesting piece of technology and thought wow that seems really useful and I can see how xrp could be very valuable and helpful one day so I will buy some. It’s not like I am buying cocaine
I think in the future fidelity will custody or some similar company and it will be like a traditional retirement fund where you put your beneficiary down and tbey transfer ownership or cut a check or something.
Very true. What I worry about is if I physically lose the nano or it gets broken.
So in terms of XUMM wallet, who’s money is it?
I don’t know anything about that. Afraid to get one. I used XUMM wallet.
Did you have any addresses in your whitelist address book? I had existing xrp address so I knew it would work. But you can still add addresses and then withdraw.
Well it’s official. Nexo just stopped it’s earning for all US citizens. I moved my xrp off the platform to personal wallet. Then I tried to move my Nexo token back to Bitrue (where I can buy and sell it) and Bitrue tells me due to regulatory uncertainty they will not accept my application to deposit Nexo. I live in state of CT…… sec it’s screwing me over left and right.
It’s like Ripple CTO said, they may have to go through the door and have it shut behind them. That is translation for settle with sec so they have a path to move forward, but then provides 0 clarity for everyone else and keeps them open for more lawsuits. If the sec thinks it could lose this case and shred of clarity result from it, it will make it that much harder to sue the next guy.
Cardano creator saw that and I think he heard rumor of settlement where it would leave him screwed and that is why he turned on xrp holders.
Now a settlement still hasn’t come so it may go the distance but
Was going to say that pop was a fluke and it would come right back down but now it’s up substantially more….
No xrp?
Did you get your flare airdrop from uphold for xrp you had at Cred? There is definitely a glitch somewhere because uphold airdropped sgb and flr to me and so did Nexo. Blockchain is great technology but there can still be human error
Yeah I’ll ride this flare out 3 years. A gift. I added a small amount to it before the proposal passed. Still holding all my xrp at Nexo. Was making an awesome 9.5% Apr for a full year. I enrolled in (2) 6 month pickups. But sec shut it down and all US holders will have their fixed agreements unwound and I will have to take it back. No where left to stake. No where safe that I am aware of. Thank you sec for screwing me over with xrp yet again
Price has almost fully adjusted for next wave of FLR to be airdropped. I’m not saying price dictates success of development but it looks like this whole 36 air drop distribution does not stop price from falling. I would have preferred an entire airdrop day 1 and let the holders decide what to do. It would have all quickly got to the hands of the rightful owners and then it would have been a 3 year climb up.
Feel like price is dropping as more supply prepares to be airdropped. 36 airdrops incoming. Can it sustain?!
You will forfeit your 85% holdings and it will be distributed to all wrapped flare participants now that the proposal passed. I voted against this to protect those like you and me who are somewhat trapped at the exchanges. Tbe flare rightfully belonged to you.
Now it’s not too late to get your remaining 85% or at the very least 82%. Mine was trapped on Nexo too. You Able to exchange it for UST and get it off the exchange. I did that and sent it to uphold. But you could also do Bitrue if you don’t like uphold. I sent it there, converted back to flare, then sent the flare to my Bifrost wallet where I wrapped and delegated it. Now that flare earn me additional wrapped flare twice a week while I wait for my 3% monthly distributions. It is kind of pointless to leave it at Nexo at this point. And Nexo said they have no intention of creating a withdrawal function any time soon. Tbere solution is to do exactly what I did. Swap it for UST or some other exchangeable trade on their platform, then move it
Wonder what will happen on each 3% drop. The price may weaken more and more as supply continues to increase. I am holding all the way with my xrp until I can reach that financial freedom amount.
What do you think will happen at end of three years when all coins have finished distribution. Will it crash hard as everyone liquidates after airdrops have ended? Or will the ecosystem be strong enough by the. To support 50 billion circulating coins?
Could there be a a reverse effect and price goes up in end because supply officially stops
W2 form Is new to me. But they are registered and compliant. It’s all part of KYC and AML.
Uphold! I have been using them for years. One of the first to allow you to link your bank and buy directly with USD via an ach or with a credit card. They stand by Ripple and continue to sell even though lawsuit with sec. They have an office in San Francisco one block from Ripple headquarters and have close relations with Ripple and linqto. Linqto offers promotions if xrp if you buy Ripple stock using your uphold account.
Hi, I'd like to invite you to use Uphold. Create your account and try out one of the easiest and most cost-effective trading experiences.
https://wallet.uphold.com/signup?referral=551618b108
I have 95+% locked up in the 6 months and a small bag that has been locked up in a 1 month. It has been interest earned over the year.
I have always been in the camp where I hodl no matter what, but there is no telling how explosive xrp may react to really good news. I feel more comfortable selling a little now that it was rewarded to me from Nexo.
If they offer the insane 6 month lockup rate again, I will take it knowing I will always have a small flex bag (which still earns 4%) or sometimes like now, I want it loose but will lock for 1 month to get added bonus
Well this is a pleasant day for FLR holders. Nice retracement
Well the proposal passed with flying colors no surprise. I have been fully wrapped and used it to vote no. Doesn’t seem right to snapshot participants, but I am on network now to see it through
Well you certainly have done some of your homework on FLR. I hope you are right. The creators can have some of the best tech in the world, but there has to be a team behind it to push it out and drive real demand to accomplish things with the tech. 50 billion is a large supply.
I’m all for letting it ride. I didn’t pay for most of my FLR. I’m all about trying to make passive income so I will delegate and collect long term. I just see this crashing to subpennies and then a long grind up from there.
I voted against it. There has to be better way than screwing over the xrp holders that participated in the snapshot. I know my vote won’t matter. Only wrapped flare can vote and why would they not vote to give it to themselves.
50 billion supply is a lot. Every month close to 3% gets unlocked. Is there going to be enough utility to drive value to that many tokens? Sgb supply is lower and that crashes
Flare is just heading down. Looking just like sgb. We will all be delegating and watching the value fade away. At least in short term.
Thank you for sharing. It was before the announcement, but now provides some glimmer of hope that we were grandfathered in. I too can’t do anything with my Nexo coins but they are still providing higher interest rates on my xrp. We would just have to withdraw Nexo to Bitrue or some other exchange if we ever wanted to sell Nexo.
I know I am not flying under radar but I am not going ti knock on their door ti remind them they still need to shut me off soon.
Can Bifrost holders vote?