Working on the big PENSKE project
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I just gave him a follow now because he has been doing some real good research based on all these links you have been sending me. Will check this out beginning to end later tonight
This is what is scary about not having a centralized system. We all want to reduce the friction and transact without the banks, but if a mistake like this happens and they tell us the money is gone forever, that wouldn’t happen with a bank. They have ways of retracting a payment.
I am glad this worked out for you. Something like this can happen to anyone at any time and there needs to be more guard rails in place so we don’t lose our fortune in one click
Xrp is the only one also thought that has $0.00 in the total earned section. So something is not right
I think I just fell for an April fools joke article. Be cautious of fake articles tomorrow.
https://www.financemagnates.com/cryptocurrency/coins/ripple-settles-xrp-case-with-sec-for-100-million/amp/
When I make a xrp purchase, ripple partnership contracts get pushed out a week so that there is time for price to rebound back.
I bought more xrp today. Sorry folks, this means we are heading back into the 0.40s
You see headline Ripple to take 40% stake in cross boarder remittance company Tranglo?
Apparently they are pretty big is Asia and more importantly, this is for ODL aka XRP and their line of credit services. This is partnership and partial ownership of company so that xrp WILL be used
Let’s this price crash. I get stimulus tomorrow and want to convert for more xrp.
Judge has ordered teleconference between ripple and sec 4/6. If we get some leaked discussions again in favor of Ripple, could cause a rally.
Judge does not want clips from convo circulating web though
They are sold out already. You have to be an accredited investor to Even participate. Which means our net worth has to be over a million to Even be allowed. Great on ramp but us Joe schmoes don’t qualify
I may be wrong on interpretation, but judge has ordered that ripple and sec teleconference April 6 to discuss one matter. It might be whether it is ok for exchanges to resume selling xrp as of today.
I remember when we were waiting forever just to hear 1 bank
Sec won. Ripple to pay 1.3 billion and never sell xrp again. Brad and Chris to be removed from office. You see that scenario playing out ? I don’t.
Crypto exchange listings have direct impact to price. An announcement of coinbase or binanceUS relisting xrp will set the domino effect of all other exchanges to resume trading.
This hasn’t happened yet and it is still speculation, but we have several sec officials say it is not so much the xrp that is a security but the manner in which ripple sold it. Exchanges may be sending in a wave of no action letters to sec to list xrp again. And they may be approved.
Pretty reasonable sure Jed can only dump based on a % of trade activity and when you compare his sales to daily volume, it’s not enough to move the needle.
In any case, he will be out of xrp very soon and no one can make that statement anymore.
Tax update: I am hearing now airdrops are NOT taxable. They are regarded as 0.00 value. Before I had read they had to be declared as taxable income. I’m not saying there isn’t a capital gains tax on the sale, but the initial receipt may NOT be taxable. So let’s research this!!!!
For me it is all xrp so they meet my needs. Limit orders would be nice too though. Just trying to secure as much xrp as possible. Talking about being in this space at the right time.
You can buy larger transactions in the thousands with checking and lock in the price and have the xrp in your account, but you will be subject to longer hold times you go through checking (ach). It can take several days for the funds to settle before you can move them. Uphold will allow you to exchange for that crypto immediately though
Couple of things. When you setup your Uphold or other crypto exchange accounts, there are certain tiers. Did you apply for the threshold to handle the transaction?
Next Are you using a debit or credit card for this high dollar purchase or are you using your checking account. Sometimes I get purchase denied over $500 with a Visa card so I go through my checking and it processes no problem.
Uphold has been improving on the rejects. I just did one for $600 yesterday and it processed and settled immediately for me to move to another wallet.
Judge Netburn is the Magistrate Judge SDNY and takes some of the administrative load from the Federal Judge Amalia Torres.
So the question is, how much weight does Netburns comment carry?
And the xrp tipbot also connects to uphold. In case you ever use that. Wietse wind developer who built that worked with uphold.
Uphold has problems but trust me they all do. Uphold headquarters is about a block away from ripple headquarters. There are investors who have worked for either company but own shares in both. Their relationship is strong. This is why uphold was one of the first to offer a direct usd purchase to xrp and why they continue to sell it today despite sec lawsuit.
Bitrue layout to me is complicated. I like uphold because I can directly link my checking account and visa debit card and buy xrp directly with my USD.
I don’t know if you are in it for the long haul or want to keep it extremely liquid or store in your own device. After I purchase on uphold, I send it to a wallet on Nexo where it earns compounded 4% xrp interest annually. Xrp is deposited into your wallet daily and you are free to pull it out at any time. If you agree to lock your xrp up for 1 month, they will make the compounding interest 5%. This is all the base rate. You can buy Nexo tokens and increase tour crypto earnings even further but I just stick to the base rate for now.
??? Bitrue should be available in us. Aren’t they us based? I have them but only as an option. Never made a purchase. I’m sorry you don’t want to use uphold. Guessing you had a bad experience. I’m telling you if you have to hunt down a no name exchange for xrp I don’t think you will be any better off. They all have their problems.
If we add in flr with our xrp we are at about $2. Both are wild cards. Xrp could crash to 0.10 or go up to $10 all based on sec lawsuit.
Flr is trading all on IOUs however it keeps going up over time. And when it does airdrop we only get 15% and there is a future air drop off the flr air drop with flare finance. So that will encourage xrp hodlers to hodle the flr.
I think the price will not drop as drastically with this trickled down distribution of flr over 3 years.
It did. While we were sleeping. Then I think dropped down to 0.44 and trickled back to 0.46 before ihub reset it to a new day
Here’s the thing. At this rate, it could be multiple dollars when the air drop happens. Typically something like this would crash if everyone suddenly was eligible to sell.
But the owners are xrp holders and we are hodlers in nature.
Only 15% will be available and remaining amount will be distributed over 3 years. This slow release allows for a stable ecosystem to grow.
There is another air drop with flare finance based on number of spark tokens we hold. So that encourages us further not to sell.
So flare just hit $1
It’s a little tin foil hat for me. The sec lawsuit never asked to control the escrow in their lawsuit. This is just a theory.
Ethereum started out like a security but because it no longer isn’t one, they got clarity that it’s not. So it is hypocritical what they are doing to ripple.
Ripple can’t accomplish its mission if xrp were a security. No o e told them that if they filed it could change into a commodity later. This is why they couldn’t register it. Because the utility actually is a currency. It’s a grey area and the reality is, Ripple should get a pass because they can’t be punished for something that the sec was slow to define. If the sec wants to make a case to regulate app crypto, have at it, but you can’t step in 8 years later, make up the rules and punish those going back to 2013
Here is what I think after hearing all sides. Ripple may have sold it as a security but once hit hit the exchanges and sold on open market it became a currency.
I don’t see why ripple can’t register its xrp with sec as a security but then once it is sold to their partners for utility it becomes a currency and can be used in real work utility without any restrictions of a security
Correction to my statement: Gensler know me what Ripples mission is. The current Charges basically are to prohibit them from ever selling xrp and sue them into oblivion. That is not a real solution. If Ripple ends up being wrong, there has to be a solution where the tech can continue and sec still gets their victory
Gensler know me what Ripples mission is. The current Charges basically are to prohibit them from ever selling xrp and shi them into oblivion. That is not a real solution. If Ripple ends up being wrong, there has to be a solution where the tech can continue and ripple still gets their victory
Gary Gensler i think will be willing to settle or if for some reason they win everything they will come to some punitive action that will still allow them to continue. This is not fraud and this is tech in the USA that does help humanity
Hester peirce said it’s not that the oranges or the trees themselves are the security, but the manner in which they were sold. If she is saying xrp is not a security, than exchanges should be able to continue to sell it. The halts should all be lifted. And there should be a solution for ripple to sell going forward. The ripple lawsuit is about how they sold it.
Now for our lawsuit, one it should be declared a digital currency and should be traded with clarity. And the sec should still be sued for how Clayton filed and left, and withheld information from us for years leaving us unprotected
I thought about that. I don’t agree with how it’s taxes but my thinking is to get the air drop and hold it. Let’s say we receive our 15% spark and it’s valued at $1. If I hold and it goes down to 0.10 by December, I could always sell it and buy it right back. Secure the tax loss to help offset the air drop. If it stays up, then we pay the taxes but we got a nice windfall
I see flare over 0.91. I honestly thought it was going to airdrop and be worth below a penny and would be a great buying opportunity. The more and more this keeps going up, even if it were to crash, we are all in really good shape. Especially since only 15% will be made available at first.
Yes very screwy. But if you make a purchase with the debit card it is available for transfer immediately
Devils lettuce I have had issues with uphold too. And it is painful. But they are the best game in town still. Coinbase Bitrue, you will hear nightmare stories about them and their customer service. They all are not built to handle volume. Eventually someone big like fidelity will step in. Or the small guys like uphold will build out to handle the customer service and volume. They have private stock on Linqto. They are raising capital because they need to improve
I’m buying up virtual real estate on dai blockchain. They are working in feature to cash out for fiat currency. Buy low and flipped a few properties for twice value.
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Uphold has an app that lets you buy some crypto and precious medals and other fiat currencies. They are one of only us exchanges to sell xrp right now. And you can link your checking account to buy directly.