Working on the big PENSKE project
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Flare was at $2.11 earlier today. Now I see it at $1.99. This is one that is still going up. Does not move like xrp. I like that.
Their is a wan chain partnership with Ripple and they are also paying astronomical xrp apr earnings to their members. Ceo did interview with Thinking Crypto YouTube channel. I don’t understand how to do it yet. But eventually I want to stake my xrp with an actual ripple partner. I want their to be a strong relationship their.
It is risky. My xrp life is in hands of Nexo.io. They have an app also. They offer staking in several crypto’s or stable coins. Xrp being one. If you transfer your xrp in their wallet, it will start earning you 4% compounded apr within 24 hours. So every day you will get a small xrp deposit into your wallet. Because it is compounding, it will be a small fraction higher the next day.
Now if you want to take it a step further, and you agree to lock up a designated amount for 1 month, they will pay you 5% apr. you can keep most liquid and lock up a smaller amount, or you can lock up most of it and leave a small bag liquid if you wanted to cash some out. You can create as many fixed 1 mo lock ups as you want. I am staggering mine every 5 days and locking up for 1 month. This way every 5 days I will have a lockup ending and I can make decision to either roll it into a new lockup or keep it free to sell. It also allows me to pull out the interest earned if I just want to Sell that.
Nexo has its own token. There is a tiered system where if you hold a certain percentage of their token, you get higher rates on your crypto earnings and if you wanted to borrow, you can borrow for less. Their token also pays a quarterly dividend.
I always just stuck with xrp but their token has done very well for itself.
Their wallets are currently insured up to $350 million dollars but they are working on increasing that (used to be less).
You transfer xrp to their wallet with address and tag they give you. Most times you see it within minutes but if not, do not panic. I have had to to open a case up a few times providing transaction number of transfer and they went and applied to my wallet. Funds have always showed up within the day of transfer.
Now one thing I don’t like is if you quickly move a large amount like I did during sec lawsuit announcement, they flag it for review and it could take hours. So if you are looking for quick exits, wouldn’t be so reliant on Nexo. They have transferred quickly for me in past, but when market gets volatile, Nexo and uphold start bottle necking.
I personally trust them because I have been staking xrp and stable coins for about 1 year and have done very large transfers in and out and they have always been fulfilled. They have a good reputation and a lot of clients. I don’t see this as a scam
As much as it stinks, that it will take 3 years to fet our tokens, this controlled prolong distribution is going to all flare to develop in a more stable environment. Had we gotten it all on day 1 and it was above 1 dollar, we would have witnessed a sell off in the multi billions in one day. I was planning on it to scoop up everyone’s flare under a penny but it has already risen far beyond my expectation that even a 50% drop would still make me just want to hodl.
I plan to stake all my FLR with all my staking of XRP because the passive income will make life easy and allow me to hodl for complete financial freedom
Thought this was xrp specific but btc dropped just as significantly. Guess we are still tied to the hip
A pullback was inevitable. We got it. That is for sure. Now to see if we move on to next high or if it’s back down we go. I certainly will get a lot of flack from friends and family for not selling, but eventually this will take off. I would have felt worse selling and then it heads north of $10.
If the sec can’t even touch Ripple after this case, certainly the partners will have more confidence to start using it. Then it will have passed both Fincen, SEC and the US courts.
We got some pullbacks this week but we are holding above 1.60. And we are starting to get comfortable with 0.08 price swings. Life is back
I am but they said it’s planned maintenance.
Update, Ripple reported to judge that sec has not been following the rules during this case.
https://www.crypto-law.us/wp-content/uploads/2021/04/04162021_Letter-to-Judge-Netburn-from-Defendants-Garlinghouse-and-Larsen-on-Unlawful-SEC-MOUs-to-Foreign-Regulators.pdf
I don’t have a clue what this letter is saying or what those numbers represent. A lot of doubt over authenticity of the letter too. Certainly price is not resounding to it.
Explain this to me like I’m in 5th grade because I am not seeing how that tweet is tied to the letter. The person is tweeting something about btc and eth, but the letter to the judge is talking about the concealment of larsens personal finances.
Partnership announcements now saying ODL and use of XRP. More and more utility to show the courts. And more clarity for us that yes this means they are using xrp in the partnership
Red most of yesterday and went green end of day on ihub. Same thing happening again. Heading back to up
Yes though this is absurd. Ripple defense is trying to move fast by filing motions ASAP. Sec is losing but they can still hurt ripple by stalling. They have lost all sight of their mission. They are not here to serve us, they are just trying to win and get money, maintain power and save face. At least judge is maintaining the law and not just siding with the government just because
And you will see in the thread this is not related to sec response of charges being dismissed entirely.
“They are asking for more time to file a response to the Motion to Seal documents filed by Ripple. Just to be clear this isn’t a request for more time to file a response to Brad and Chris Motions to Dismiss.”
That was to dismiss digging up personal finances out of xrp. Because they won that, lawyers made a power play and have now moved to have all charges against individual thrown out. Sec has a few weeks to respond as to why they should not. Lawyers for Chris and Brad most feel confident in judges attitude to make this move this early. We will see. Judge could dismiss charges on individuals or Gensler could too. Doesn’t mean case against ripple won’t continue, but individual charges being dropped will rally xrp again and signal for a better likelihood of ripple victory to come
I think David Schwartz is a genious and I am backing him and ripple, but I think he needs to chill on the rhetoric of selling our xrp right now and just let us decide die ourselves. I get he is trying to keep us level headed and secure profits, but it comes off as doubt in xrp and some of us are not day traders. I’m sure when Amazon went from $3 to $20 it was the educated thing to do is sell some it and secure profits but those that believed they held an asset worth more were rewarded for hodling
I’m not a chart guy but there are just so many positive news events we are waiting on that I think will make this explode. Just a matter of time.
The next positive news on case front is if Gensler or judge agree to dismiss charges against brad and Chris. Sec has a few weeks to reply and then Brad a Chris have a few weeks, but if Gensler is willing to come to a settlement you can be d@mn sure, charges against individuals being dropped is a part of that. Outcome against ripple may come later or same time of settlement.
Then after that comes the wave of relisting.
Then ripple is back on track to start their ipo.
And juicy partnerships or developments can happen at any time. Xrp will do better than $2 and $3.50 if willing to hold. It will do much much more
Chart closed green for the day here on ihub
We may still end the day green !
Anyone who thinks Gary is going to dismiss all charges is on crack. There is video that has him clearly stating that he views it as a security but that is just his opinion and that it will be decided in a court.
Now the sec totally botched this case by not providing fair notice, going after individuals and not providing clarity on why btc and eth are not securities but xrp is. So Gary now as inherited the problems the sec made. So while he may still think xrp is a security, if left in the judges hands to Make a ruling, sec may lose all control of crypto because of their failures. So he may be more willing to negotiate. He may be more open to Hester peirce safe harbor proposal.
I don’t believe a lot of xrp conspiracies, but it is strange how even when talking about cross boarder remittances, media and fed talk about level playing field and will never even hint at ripple being a fintech that is working on it.
I think ripple should be targeting this problem and trying to get them talked about more. It’s still just bitcoin bitcoin bitcoin. Only the retail cult ripple followers like us pick up on this fact. We need more discussion on Ripple and not just the lawsuit on MSNBC and other financial outlets.
What pisses me off is everyone of these Gary Gensler articles does not mention Ripple and the 1.3 BILLION dollar lawsuit. They just said he is going to address crypto and bitcoin etfs. Media once again going out of their way NOT to talk about Ripple
I wonder if it will correct strongly at 2. Feel like that is a big psychological number where a lot will take profit.
Scary concept for me to sell now. Other runs were short lived and you could always buy back in. This one has the ability to fly on some big news items and we may never get to buy back in this low.
I still think most of the world is not participating in crypto yet. Coinbase is going to open a lot of wallstreet eyes and retail. Think about new investors. When they look at the top coins, and they see btc close to 60k and eth close to 2k and xrp at $2, they are going to start researching xrp. And when they fall down the rabbit whole, they will go back and buy even more xrp.
Sadly David Schwartz sold something like 80% of his xrp one headline said. He also sold a lot of ethereum though when it was only a few dollars. Just because he is a tenuous, doesn’t mean he is a day trader or understand how the crypto market works.
The great thing with Nexo is you earn in the asset you are staking. If xrp goes up to $10, than Not only does your daily interest go forward all get multiples by that but everything you earned before along with original investment. The whole wallet is priced in real time
It’s works with xrp. Every day xrp gets added to my wallet. So if value goes up, the whole wallet goes up. So while xrp earns 4 or 5% apr in amount of xrp, if the value goes up you can very easily see how you can live off the daily xrp that gets deposited. It gets added every day if the year. Weekends and holiday. And it’s compounding
Correct!
Keep forgetting about it because the airdrop is still a ways a way. 15% and then it will take almost 3 years for the rest. We are forced hodlers but it will help it grow and I plan to stake it all to earn passive income. Between flr and xrp it will generate enough wealth for me to retire early and hopefully live off the interest.
Flare is at $1.90
Baby woke up crying. Right at $1.54 breakout. Long term hodler though. Going back to sleep asap
I would not be surprised if we have another breakout. Social media right now is very bullish. I feel strongly $2 either tonight or by Wednesday. And that is immediate short term. I see $3.50 coming. Because sentiment at 2 is it is heading back to all time high. And from there sentiment is that a new all time high will be set.
Nexo making us do fixed terms fir 1 month at a time for max earnings. So I am doing the ladder approach but can shrink all the rungs into 1 month so I will have a fixed term come off every 5 days. Can roll it and pull interest out or sell
Coincides with when Gary Gensler takes office at sec. I don’t think we will get any xrp specific news right on day one of these two big events, but speculators may increase their positions to prepare
I panicked sold all my xrp after lawsuit and You gave me the final nudge to get back in
Flare just spiked 1.35
I just refinanced a 30 to 15 a few months ago. Make first payment in may. Money will be tight with higher Paymebt. Right now I live as if I don’t own 1 xrp. Starting to get excited and lose focus at work.
Cardano used to 0.04. Now it’s over $1.20. This type of movement was starting with xrp until huge lawsuit. Xrp will play some very quick catch-up once case is done. And it will be all over news if they win case and reclaim the number spot. Then all the news will be about btc and xrp. And when the educated people start doubting btc and start acknowledging xrp capabilities, we go for #1
Only fir buys and transfers. Been awhile since I sold