Working on the big PENSKE project
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Heard that for years literally. I’m all in but have only seen it pass $1 twice and crash back down with Vengeance. The timeline is much longer than all of us are thinking
I so want to be done with xrp under $1 permanently. I don’t care if it takes months or years to get double digits but let’s put an end to xrp in Pennies now. Enough has happened and proven that is is a solid $1 or better project
I’m not a chart guy. But 0.50 has been an iron wall. I think if we can puncture through it we could sail quickly to 0.80. I am saying this as just a pure gut feeling and no facts
Bitcoin going down and xrp going up. I like when I see more and more of these days. Days when xrp is acting individually
I want to live in the dimension where $2 xrp is the base
I saw this too. I like that the wallet will be created. I thought we were going ti have to provide an address and hope they send it.
The fact that they are trading the coin too once their partner exchanges offer it may open it up for staking opportunities right on Nexo. At least short term I wouldn’t mind leaving everything there and have it earning before I decide my next moves.
I have heard if we sell our Initial 15% then we may forfeit the other 85%. But how would Nexo know if we are selling it or not. If we take it off the platform will they facilitate the rest if we say moved it over to flair finance ? Or do we have to keep it there so there is record of it for the monthly air drops?
Still have lots of questions but at least we know Nexo is ready and they are creating our wallet for us right on the platform. I’m sure me being in the US my options will be extremely limited at Nexo
Can we be done with XRP < $1 forever now?
Tapjets just filed an amicus brief now too. They accept XRP as payment and it accounts for 48% of their payments!
Now 3 amicus briefs all in support of Ripple. I would bet anything, the judge will rule on this where there is a path forward to use and continue Ripple to sell xrp in the US.
I-Remit relationship is a clear example where they hold xrp with NO expectation of profit. They utilize it for cross boarder remittances on Ripplenet.
The xrp today is not the same as it was in 2015. The judge is going to split the baby. The very first sales of xrp could be argued that it was some form of security and Ripple could pay a fine for those sales.
But how they sell it today to their partners is for utility. If the outcome is not a fine, and ok to move forward, then I just see an outright win for Ripple.
I-Remit, Inc., a global payment remittance company that uses the RippleNet software, has filed an application to file an amicus brief in support of the Ripple Defendants' Motion for Summary Judgment
#XRPCommunity #SECGov v. #Ripple #XRP I-Remit, Inc., a global payment remittance company that uses the RippleNet software, has filed an application to file an amicus brief in support of the Ripple Defendants' Motion for Summary Judgment. https://t.co/CcolPVqBb1
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 30, 2022
There has to be proven corruption I. Order to sue a US agency. Maybe this lawsuit is bringing the corruption to the surface.
There are certainly 2 attorneys right now that do have plans to sue the sec after the case is over. They will be representing xrp holders though.
Ripple needs to IPO and get US business back up and running. They may just settle for clarity and hope xrp holders get justice suing sec separately
I think there is enough here to send this to 0.80 again
They have other stall tactics in tbeir bag they can still use, but at this point, it will ultimately lead back to them having to turn them over. Two judges have ruled on this. The sec has waffled on its excuses and it is pretty air tight decision.
Any attempt sec makes will be purely to delay because they have no chance of winning on this issue anymore. To delay further is just further evidence sec is not showing faithful allegiance to the law.
Outside attorneys said very likely sec will settle before ever handing over those documents. There is something in there that looks bad and they don’t want to ever let us see. I am sure there is evidence in there that completely contradicts what the sec is trying to do today.
So judge Torres just overrule sec objection and ordered them to turn over the Hinman documents. I expect eth gate and xrp to start trending big time soon.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: JUDGE TORRES OVERRULES THE SEC’S OBJECTIONS AND ORDERS THE SEC TO TURN OVER HINMAN DOCUMENTS. https://t.co/FzcdgNX59Z
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 29, 2022
Use this referral link to where you can buy xrp directly with your debit account or credit card. If you spend $100, we each get $20 worth of BTC (which I would convert i to more more xrp)
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Put the pom poms down. You are wasting your energy now. Come back in a month when life is back
Almosted ended this trading cycle green again
I bought Mine on uphold. The problem is I have no way of transferring off there. I think they only allow buy sell and exchange. Hoping uphold will offer lunc staking. They started staking feature with a coins a few months back.
Staking is another use case that takes coins oht if circulation. The tax burns and staking are a start. But if the interest dies here we will lose momentum and then what value is left ?
Binance just refused to do the tax. They completely back peddled. So people are taking their lunc off binance and moving it on chain
We swung 0.10 in one day at xrp. It is definitely moving
I get going up fast means strap drops to follow. But I never experienced a run likie it did in 2018. Imagine holding and watching it go from 0.20 to $3.80 in 2 weeks. That is a lot of steep rises.
By no means am I saying that is going to happen right now but I want to be here when that happens again. I mean look at ripple and xrp today vs 2018 when it was xRapid and no one was using it yet outside of test. At some point, the dam has to crack and xrp has to run like that again. I refuse to believe 2018 price of $3.80 was the best it would ever get
Xrp pumping on its own, but if btc starts rallying (which it appears to be moving now) it will just push xrp that much higher
If we can close oht this trading day cycle at 0.40, I think it sends a strong signal 0.50 is next.
Where are you staking lunc?
Well btc has been having some red days and xrp has been having some Green Day’s.
Normally I would just say crypto is moving up as a whole or btc is up today so that is why xrp is up but to see btc consecutively red for days and xrp consecutively green for days means that this move is specific to XRP!!!!
Well I did not practice what I preached. I did not sell before the burn tax. It was so volatile down and up I just held all the way through.
So my strategy has adjusted. Set it and forget it. Move on to other opportunities but let this one ride. I planted a seed. I am hoping it can’t be rebuilt!
Let’s hope Japan woke up and enjoyed the update that summary judgement is oht and sec case is WEAK! Take it up to 0.50 while I sleep please :)
I know you have been here for some time as well. We all like to see this but we are waiting for $1 plus. And never return below a dollars again
I agree that XRP and XLM are acting independently of btc, however if btc crashes, it is still strong enough to slow xrp or reverse its direction. A small decline in btc has allowed xrp to go positive. However as btc continues to fall, you can see signs that it is still somewhat repressing xrp.
Yeah very true. This upward movement is actually significant. Normally I would check btc and see the perfect correlation but this time it is unique.
Might be that summary judgement has been filed and we will see a limited redacted portion on Monday. A lot of people are excited with how Ripple has handled the case and taking positions because now it boils down to settlement or summary judgement. All the arguments have been made. The facts are in. Really coming down to the finish line now. Judge may take her time and we may not expect decision until March 2023 but a settlement can still happen any day.
My belief is either a settlement where Ripple admits fault to early administration of xrp as a security but 2018 and beyond, the sales were ok and they can continue selling xrp going forward. If the sec does not agree to this small victory than it goes to judge and judge will either side with Ripple entirely or come to the same terms I explained. Pay a fine for the initial sales and they are free and clear as of today to resume.
When coinbase opens up xrp trading again, it will be because Ripple and XRP have been vindicated. Maybe you can’t do anything with it now, but when you finally can, xrp will be worth a h3ll of lot more.
I believe exchanges will resume trading after settlement or court decision. Ripple will have to pay for initial sales and judge will determine all our Third party sales are not security transactions.
Let’s get this burn tax implemented like yesterday! Good days and bad days, it does t matter. Let’s start burning coins to get supply back in check.
Lunc supply is a nightmare. However that is why staking and the new burn tax will be implemented to clean it up. A 1.2% burn tax per transaction until supply gets down below a trillion. That is the proposal that is 99% likely to pass
Ok I am just realizing you are not talking about luna classic rather luna and it shot up 200% in one day! I myself and wondering
Well they reinstated staking of lunc. This enables users to lock up some or all of their supply to earn interest. The more that can get locked, the less there is in circulation.
Next there is a vote open that is at like 99% approval to implement a Bùrn tax of 1.2% on every on chain transaction. They supply is out of control and this burn tax will get it back within reason hopefully.
There are close to 7 trillion lunc tokens which is why price is so low. This tax can reduce that. For example, ~3.5 billion lunc traded yesterday. 1.2% burn tax had been live would have burned 420 million tokens in ONE day.
So staking and burning are going to help clean some of this mess up. But if we want to see higher than a penny, we then need to see something built on the chain to provide value. But we are taking baby steps. We are seeing life here because they are trying to clean up the supply amount which had spiraled out of control. This was once a $100+ coin. The algorithm tripped up and crashed the stock and generated trillions of coins. Learn from these mistakes and hope to bring it back.
Those that are buying lunc now are hoping for a penny. The next wave of buyers will come in and hope for a dime. The next wave will come in and hope for a dollar.
We need major catalyst to get us there. The burn and staking will take us to a penny then what? What’s the next move ?
Most of us will be long gone by a penny too I am sure
I took a small position at 0.00011 a few weeks back. I’m all xrp but it wasn’t moving and when I saw the epic crash I finally decided to play something else until xrp makes its move.
I bought at your level for a quick flip but then took a bigger position later. Lunc is still just a fraction of my xrp holding though. Lunc is fun, xrp is serious
I bought my lunc at uphold. That is why I am sharing link
You can place limit orders on crypto at uphold. If you use this referral we both get $20 in BTC.
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Is it all exchanges or only certain ones? For instance, binance said it would participate. I bought my on Uphold though. Don’t know if they declared they would burn 1.2%.