Working on the big PENSKE project
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I really hope the smoking gun is in those Hinman speech drafts. That is the wild card that can change the whole timeline. It’s my understanding the judge reviewed 10 of them herself and ruled they had to be released to ripple.
If sec picked the 10, they picked the ones that would most likely get judge to side with them. So there is no telling what is in the 43 other drafts that no one has seen.
Hopefully Netburn did her job and made sure her decision was air tight and can’t be challenged. If Torres’s agrees with how netburn handled it, she will agree with her decision and sec will be forced to turn over the drafts. And then we can hopefully get some real settlement talks under way. But we are still looking at months
Now without a doubt I am locking my xrp up until November to earn the bonus 5% Apr.
Closing briefs scheduled just a few days before Christmas. Yikes!!!!!!!!!!! Xrp
Yeah the ceo of standard charter bank name dropping Ripple and XRP in a cnbc interview. Standard charter With 85,000 employees and a presence in 59 markets, our network serves customers in close to 150 markets worldwide. Total assets 827 billion in 2021
Here’s why I am bullish on xrp with Ripple lawsuit. Ripple has a really good case on why xrp is NOT a security using them howey test that the sec uses. Maybe a case can be made how it started out like one, but today it is really hard to say it is.
Now let’s say sec wins on that argument and judge agrees that xrp was a security and even still is today. Well then comes the fair notice defense that judge has approved. Ripple can show that in the 8 years it trades, hundreds of exchanges that listed it, and their communications with sec and sec mistakes they made along the way that Ripple never had any fair notice. So even if xrp is a security, Ripple still wins because no fair notice.
Now let’s say they lose on the fair notice defense. I think it could then be taken further to look at the breakdown at the transactional level. 90% of tbe transactions have taken place in foreign countries where sec likely has no jurisdiction. They can only go after a limited number of transactions.
So ripple has a very good chance of winning this, and if they don’t, I think they can walk away from this, perhaps redomocile in Dubai or Japan and continue operations.
Xrp was my first investment Into crypto. Largest use case: replace swift. And it’s not a pipe dream. Ripple is making this possible with 300+ partnerships with banks fintechs and money transmitter companies.
Ripple could close up shop and xrp still would continue to trade and provide utility. This is global not just US. In fact it is pretty much all global and excluding US ironically given Ripple is US company.
So many separate use cases in addition. You never know what may stick but it’s easy to see how the limited supply of xrp can go up in value. It’s a long term play but one of the biggest No brainers in my opinion.
Xrp crushes btc in almost every way. In fact it was created as a result of where btc was lacking. Creators of btc saw that it couldn’t scAle and went on to make xrp.
If you are going to be a long term hodler of xrp you may want to consider staking it somewhere so you are earning every day you hold. Mine is at Nexo. Thanks to dirty Gary and lack of clarity at sec, Nexo has suspended any earnings for US citizens temporarily on any new additional top ups, however from what I have heard on this board, it has not been enforced and additional deposits have still continued to earn interest.
Ripple just got a one two punch from the judge in sec lawsuit. While the court criticized the sec behavior, they are going to allow them to redpose their expert witness whose testimony showed how ripples actions have direct impact to price.
The esatbrook notes of brad G meeting with sec commissioner roisman are to remain protected under sec dpp. It was believed those notes had comments that roisman apologized for brad even having to come in and meet with him (indicating xrp was NOT a security).
These were 2 pending issues that sec just one. Discover is now opened back up until may 13 for sec expert to provide additional testimony.
Most would disagree to lock it up during settlement windows becAuse good news could send xrp to $10+ and then likely crash from the massive sell off of holders and then with hopeful clarity and adoption, work it’s way back up more gradually.
I am not going to try and time the top of bull run. I would likely sell too early and or buy back in too soon or too late. I will play it wrong and potentially lose out on complete financial freedom.
Others have plans to sell off a portion of their holdings as xrp reaches each mile stone. However each block I sell makes it that much higher xrp has to get to get for me to reach freedom with the remaining xrp I have.
The best way for me is hold all my investment until it gets there. With Nexo it grows organically everyday shorting that final sale price little by little. If it stays under $2 it means I just keep accumulating more xrp. But it breaks $2 I can finally start cashing out the interest and paying bills. If xrp some day secures double digits I could potentially just live off the interest and hold xrp until I one day pass it off to the kids
Here are my thoughts on why i think I am going to lock up my xrp for 6 months to capture that extra 5%.
I plan to hold all my initial xrp investment until it hits somewhere to 40 and 50 dollars. Yes I know it means I could be holding a very long time.
But I do plan on withdrawing my Nexo Interest earned after xrp breaks $2. So I can still enjoy the profits as I hold. If it stays under $2 I just keep reinvesting.
Nexo has changed it’s Interested earned payout to tiers. If xrp skyrockets on good news it is very easy for 90%+ of our xrp holdings surpassing the tier that gets 4%+ to only earning 1%+.
By locking up for 6 months you get additional 5% no matter how high xrp goes. I will have to wait 6 months to cash out assuming over $2 but interest will still mean something.
This only works for those that don’t plan to play the market. I will likely miss a massive run up, but I don’t know when the top is in so I just plan to hold until it hits the financial freedom amount and use it as a passive income generator until then.
I’m all in on xrp. Just curious, are you aware of xrps biggest holder and promoter Ripple and the ongoing lawsuit with the sec for over a year where sec said xrp is an illegal unregistered security ?
We are up 1%. Must mean settlement. Hahahahahahahahah
I’m curious which crypto exchange did you use to buy xrp? Most have delisted it during the lawsuit, but not all.
I am think you picked a really good one to get started
I wonder was tbis just xrp or were there other crypts that offered more Apr for longer holds (besides Nexo).
It really seems like we will have resolution in that window and it will be a massive upswing or sell off. And Nexo can weather that volatility by getting us to all lock it up until after the dust settles.
I’m still tempted to do it because I only plan on selling interest and keep the rest as a assocs income generator.
I am strongly considering it after this current fixed ends. Tough decisions.
Well now that is certainly interesting. I totally missed that.
I bet they are panicking on mass liquidation from settlement. They tempt us with 5% so that we are forced to hold through all the volatility
Personally I think it is still considered a “gift from a foreign entity”. You provided no payment or service for that air drop.
You can buy on uphold
All the pumpers are saying the chart screams $11 xrp. I don’t doubt we will get there I just think everyone’s time line is not realistic. We were supposed to $11 any day now for years.
Yes
On Bitrue click assets, then deposits, type usdt, select erc-20 from drop down and you will get an address that you can copy to use in coinbase
I don’t have anything currently on coinbase but I assume you click assets there, find your usdt and you may have an option to transfer when you click on that. You will want to paste in tbe address from Bitrue tht you copied in first step above.
This is where you will see how antiquated Ethereum and tether and anything is on erc-20 network. If we could use xrp we could do this for fractions of a penny and instantly but so many exchanges are not using xrp right now.
On Bitrue click assets, then deposits, type usdt, select erc-20 from drop down and you will get an address that you can copy to use in coinbase
I noticed it was up 30+% just today. Certainly taking off. Always looks good when it’s still under $1. Cardano went from 0.04 to $2+ so anytbing possible
Hey gman fellow xrp holder. Sorry I don’t have private but I will help a little maybe and be cryptic.
If you have Twitter I am @scaruso123
The coin you are referring to on the exchange you are referring to can only be bought with stable coin tether USDT.
So first you need to exchange your fiat or crypto over into that or transfer any usdt you have there.
Hit the trading tab, hit the little menu icon in top left and search the three letter of your crypto and you will see it with the trading pair usdt
You can kind of set your limit or market order there. To the right you will see what is available for sale at different prices and what others are looking to buy at certain prices. If you don’t want to wait and the sell prices are somewhat reasonable just place the market order.
If I flashed back to when I first bought xrp in 2018, I would have said xrp would have been trading at $10 by now.
Only chance is a slingshot to $10 on Ripple victory
I’m interested to buy a little and move it over just to see what happens. I have it all locked up paying one interest rate so I can clearly see if new xrp top ups are receiving something if it stays loose at the flex rate.
They warned us that they were shutting it off for any new tops but I never tested it and have a hunch it is not enforced yet or for everyone in US. I am still rolling over my xrp and licking more up on newly acquired xrp. The make a fixed lock up option is not greyed oht. Looks like I could potentially do more
But have you tried to top up any of your wallets to see if they would apply interest to those since they made their announcement to freeze the earn on all new us deposits?
Anyone in US still using Nexo for their xrp and other crypto earns?
They stated that existing us customers are able to earn on what was held on nexo platform up to a certain date, but that no new top offs could earn additional interest until more clarity in US
I have had some of my fixed lockups roll over to new terms and they continue to earn, including all newly acquired xrp interest is earning. So my thought was if my newly earned xrp can still earn interest, perhaps I could test to see if xrp top up might still work. I know they said newly top ups won’t earn interest but I never tested it.
The xrp liquidity index bot on Twitter show xrp/mxn and xrp/eur are at all time highs today.
May not have any impact on price right now, but shows utility is ramping up in these two corridors
Some people were receiving their sgb at 0.70. Some received it at 0.05. I’m glad I got mine too but exchanges F’d us by getting it to us so late.
Flare wow that is a blast from the past! They still planning on distributing that to us “soon +/- 4 weeks”. ;)
This is a lower court so it could be appealed to an appellate court. If sec loses there, then a precedent is set. Sec has some decisions to make.
I think If they settle they kind of already showed weakness so they may have dug themselves in so far they just have to see it through win or lose
If we go to summary judgment it is going to be November if this year. Settlement can happen at any time both parties want to stop.
14 days after fact discovery leads us to this Wednesday where Ripple sec and judge netburn will sit for 1 hour and discuss settlement option if any. Judge can help sway both parties to settle especially with fair notice defense motion decided.
Netburn has to decide if she will reconsider sec request to overturn her decision to release the 63 email documents to Ripple surrounding hinmans eth free pass speech. There is most likely a smoking gun in those email because it has taken over a year for them to turn them over and they still won’t even after three rulings to do so!!!!!
One of the issues we face is xrp is delisted from a lot of exchanges still. The case may be decided in Ripples favor and it may still take time for exchanges to come back online. Especially if sec targets them next.
Sec has made xrp holders public enemy number one. They attacked us for buying. They are attacking us now for holding with halting the earnings. And when they lose, they will attack the exchanges so we can’t sell.
Thank you sec for all that you do to make my life a nightmare (consumer protection)
I saw that there would be a meeting 14 days after fact discovery between ripple, sec, and judge netburn for 1 hour to discuss possible settlement. That would put us right at Monday.
I wonder if Torres ruled to deny sec motion to strike the fair notice defense intentionally before this meeting to send a signal to the sec to settle this now because it is not open shut case.
If the judge allows fair notice it is because she believes there is enough evidence that there wasn’t fair notice and the burden now falls on the sec to try and convince the judge otherwise.
Too bad xrp is prohibited to sell on almost every US exchange.
Another woman has surfaced making the rounds touting a 1,200 xrp in next 1 to 2 years and saying much higher after.
I get it. You take 10% of Swift and you will see those numbers. I just think there is something we are missing here.
What percentage of Swift do you think we have right now? 1%. A half a percent? Don’t you think whatever partnerships ripple has made in the past 3 years we would see an xrp higher than 0.72?
I’m a hodler and will go down with the ship or Hold to financial freedom.
The only theory that kind of makes sense is that there is a private ledger for the banks and one that we see on secondary market. And the “flip the switch” moment is when they combine the ledgers and xrp trades at the one price. I’m not sure if I totally buy it, but it is a good theory.
I’m sticking with them for now. I was not crazy about the shift in tiered payouts with xrp, but I took the sgb airdrop and converted to Nexo and it has temporarily increased my earn higher while xrp stays down at these prices.
Ripple has to get this victory for so many reasons. The sec needs to have its wings clipped. Nexo is being and following blockfi lead. I think blockfi is still paying oht on existing positions and not on new ones in US.
I looked into wanchain last week to see what the xrp yield farming might produce and it was only 2.5%apy.
Found youhodler was paying 4.5% but heard they are strict KYC and will not allow US holders.
F’ng Gensler is trying to stop all these earn programs in the name of “consumer protection” and he is hurting us. These are not bad actors. There is no fraud. He wants them to come in and register but director of enforcement said there will be 0 amnesty. If they come forward, they will be sued for all past business. Gensler is worse than jay clayton it seems.
Man imagine if we had a Brian brookes or Hester peirce running the sec. the US would be so far ahead in innovation and clarity
Today concludes expert discovery in the Ripple lawsuit. So what’s left? I guess it’s ready to go to trial in front of a judge!!!
I was checking wanchain out for farming xrp. Guess I am way too late the party. It’s only 2.5% apy right now. So not an alternative to Nexo anymore