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So when I read the quote I read it as, yeah we tried to settle by informing you that this lawsuit is absurd... or that the price the SEC asked for was too high (maybe monetarily, maybe investor wise) and wasn't worth it for the investors .... did anyone else take those statements as that way..
this whole thing has been a shakedown.... and imho, it feels liek the SEC wanted their money, Ripple said not under these circumstances, rule us a currency, and SEC flexed and said we can destroy you, to which Brad kinda laughed it off like the worlds bigger than the US
Flare Price for today?
did anyone read taht article on people using the site/app Discord decided to see if they could legit pump a crypto by themselves, by sharing articles of XLM all at once, and buying at once... and it worked...
That video is pretty wild and scary
yeah I saw that a few weeks ago, their total allocation dropped but wasn't that due to the value of XRP? also I saw an article where they increased over the last week by 12 million in funds... indicating they are actually adding
love that, just curious, where would they get the extra coins to match... if exchanges haven't yet released them,
do you think Nexo will offer interest on Flare whenever it drops on their exchange?
Yoda, I actually was thinking this as well, or was hoping for it down the line
I would like to hear Yoda's take on all this
Ripple has deals with how many countries around the world? xrp's price doesnt reflect that... there are softwares running texts with banks, that can run without xrp... they run better with xrp, but again that shows the difference...
Red lobster is known for having delicious biscuits... now you can buy them in the store premaid.... if I buy them, and decide to sell them at my restaurant , I dont own red lobster...
Ehh again a slippery slope, enough good lawyers out there to use this as a precedent and have it thrown out.
but lets say this goes to trial... now I'm not nearly as knowledgeable or bene around xrp as long as you guys... but the idea that this is a security is absurd on merit because of the reason I listed earlier.
but the one main thing that the SEC has going again them, is that Ripple has constantly updated the SEC, now this big of 2 things. One either Ripple execs and boards are very intelligent and were worried about this "double cross", by providing information and documenting it. Now during an investigation, you are allowed to gather evidence, you are not allowed to participate in crimes and entrap someone. Now there are exceptions to this, but apparently Ripple/xrp and the SEC are now using their tech... that would be like me as a drug dealer, allowing the FBI to use my recipe and then them producing it on their own... not allowed to do that...
now lets say the SEC was going along with this expecting some sort of "payoff" and the wrong people did not receive their "envelopes"... again this is not looking great as Ripple has requested clarification over a 5 year span almost Monthly...
now lets look at that part where the SEC "we advised rippled that this may be improper/illega".... that does not hold up in court, you cannot advise someone that someone could be construed as illegal, while they are asking you if its illegal, again see that Drug dealer example.... hey you are crossing the border illegally with illegal substances, you may be in violation of intentional law..... well am I ? you may be.....
again if I ask a non-undercover officer that's life is not in peril, for clarity they are not allowed to say you may be and then arrest me... there are a lot of stupid laws in this country, but that ones pretty clear.
working chief, and you didnt, I provided the link.... but go on
here's the big point "The commission is already limited in its enforcement by a five-year statute of limitations."
feel free to address the other points
I own xrp, not ripple... not a share holder in ripple... ripple has received a lot of positive news about people using their software... .my xrp is not any more valuable... I haven't had any voting rights, shared in profits...
xrp was created before ripple....
xrp can go on in ripple goes bankrupt...
doesnt sound like a share.... sounds like something independent...
already court cases declaring xrp not a security
countries, declared xrp not a security... and a currency...
I mean I'm not lawyer, but those aren't good things to tackle.... also the SEC letter is written liek a child did it, filled with contradictions and stretches to find connections....
Although I'm not a lawyer, there are a few in the family, and I did my internship at a law firm for 3 years during college, and read enough briefings to be embarrassed that this was even issued... almost as if the SEC wanted to lose, or wanted to be paid off, and XRP did not go with the pay off route as expected
apparently the statute of limitations on crypto/ security crimes, was recently ruled on by the Supreme Court, and it is 5 years... so anything done before 5 years ago, and its not when the SEC discovered the issue, its the actual date of the issue... so according to that , we will only be looking at these past 5 years, and nothing previous is admissible.... I own xrp, I dont own ripple... ripples a software company about to have an IPO and I plan on buying that, won't effect my xrp holdings... this case is a joke,
I saw at 10 am, that the top 1% increased their holdings by a lot, while the retail holders were selling... twitter has some interesting opinions... for me the biggest scare is time... technology moves fast, and if jp Morgan and the rest of big money, is stalling this to release their own tech/ coins/ whatever, thats scary... if they are doing this and leaning on SEC so they can load up, happy days...
either way time is the enemy of investments like this, bc the next tech is right n line.... see btc
ripple or xrp.... ripple doesnt have a market cap... xrp does...
must be why other gov't organizations ruled it a currency previously... double jeopardy comes to mind
I’ve been told mid May according to ppl that read chats and graphs for a living could see $15-32... now I can’t read chats for shit, but the guy that told me is a smart guy and trades cryptos for a living from his large boat
Not advice, I don’t know shit, but I’ve seen some projections right around there for the upcoming year so it makes me feel good
I hope so and I'm a long believer. I am surprised at this short term action. I would've thought we would've had a higher run up to today. I loved the gains, and think that xrp/xlm/vet/ eth are future stars in the new world.... but surprised at no run up for the spark token this week, because I'm sure a sell off is coming tonight. I'm not mad about a sell off, I'd love to grab some more around .47
anyone else just surprised at this weeks prices actions? first year in crypto, but does it mirror the stock market in December with end of the year sell offs for tax purposes?
I get the old saying buy the rumor sell the news... but why are we trading sideways before this flare drop? I assumed we’d be climbing the entire time before a sell off
I'll be adding xrp until ripple goes public, or if then I'm going to add their ipo...
not advice , haha just what I'll be doing
I get more worried if they move out of the US and the US decided to punish them , and hurts us long term
I'd bet that they are pressuring the US, the deal is already done, and Ripple/xrp is ready to announce it because they have plans as far as funiding future projects taht will be propelled and funded by the new infusion of money and investors that will come in.
the partnerships with everyone else is what leads me to believe that, no way the US would allow themselves to fall behind... but for RIPPLES sake they are saying listen we were going along with this for a while, its time to sh*t or get off the pot
thats the one I think, unless there are look a likes
same here, I am new to crypto as of jan, was given some article, about XRP, because I was ignorant and thought bitcoin and other cryptos were just "baseball cards" and had no real value. Once I realized the utility of them, I started understanding why they'd be valuable... and then when I saw the background of xrp, the different paths, the people connected to it, the governments connected or working with it... I feel that this was one that made the most sense for me. I still dont know as much as I'd like but again, I'm setting goals, hitting them and resetting them... I'm sure I dont have as much as some oft he people on this board, but I worked in education for a long time, so I didnt have the nest egg or the extra capital to make big splashes, so slow and steady has always been my accumulation pattern.
but yes, and Yoda, you wouldn't happen to have a twitter account do ya? I recently followed someone with a similar name recently , while looking at some tweets
I think banks are the reason why you see the slowing regulations, so they can try to catch up, but they are caught with their pants down because as you saw FB deep pockets fail, bc there is a lot that goes into creating a coin, and usable applications, they are behind...
I think banks will look to gain more control through legislations... also as far as china and Russia, they are looking to get their claws into as well.. thats why XRP/RIpple keeps threatening that we are falling behind, because they are getting offers and things from these governments ...
the utility of their coin, and tech is much greater than most, so I agree with the majority that even if we aren't the chosen path, that we will be a path, and thus 10.00 seems to be a minimalist outlook
it amazes me that people watch the daily price and get upset.. lol what are people looking for 1.00, 2.00... cool you guys had that years ago, this company is looking towards changing the game. I have discussions with people about it and they are against it bc all they've known is the banking systems thats been in place their whole lives. Then you have the bitcoin people that repeat these talking points, and its like guys this coin has actual usage, its setting up to handle the worlds money, not ours. It will be a giant if it works out, stop worrying about crumbs...
every time someone asks about xrp, I say its like you are showing 11 at a black jack table and the dealer is showing 7.... (the dealer is showing 7 bc banks have the entire history on their side and regulations) but are you not double down and taking your shot?
this is not advice, this is my own opinion, and people need to do their due diligence and make their own decisions.
If only there was a coin that did this
https://twitter.com/ijulianflash/status/1318302587565821959?s=10
The snapshot of xrp is taken, how long will it take to drop the coins after? It says you have 6 months to claim? Does that mean it’ll take 6 months to receive the tokens to match?
Happy Friday, as promised goal number of coins hit! On to the next, hold of on regulation for 4-6 more weeks lol
Next Friday I’ll be making a decent purchase to get to my first goal plateau! That’ll put me at halfway towards my second goal number, praying prices stay long at least until the new year
Did anyone share this yet?!? Xrp and Apple!??
Update :it’s not real but it’s still coming
https://coil.com/p/XRP_Productions/HUGE-Ripple-Merges-with-Apple-to-Form-Rapple-/u6TZyQlSl
Is that one better than bitrue? I tried doing their interest thing, it’s impossible to lend my coins out it’s filled instantly every time
I moved half of my coins to Bitrue, I know they support it, the other half are still in Coinbase, just hedging my bets
And yet for some reason eth is at $400, meanwhile xrp transfered 50 million in 30 seconds for .30 ... someone explain that to me?
I bought at .13 and many other ppl who bought recently bought at that price as well. Also with token being matched with flare coins, that would be odd, if anything people want to accumulate between now and next june
A lot of volume the past few days why does the price keep dropping ?
is there anyway coinbase would not allow flare/spark on their exchange? otherwise how much xrp would leave their wallet that day. and once its moved, why would anyone want to move it back?
thank you
dont get me wrong, I'm all in on XRP, and have been telling some family members and friends, that they may want to look into as well. I said I'm buying as much as possible, until the IPO of Ripple. One of the questions I constantly come up against is, what if xrp isn't really used, just the tech taht Ripple has. And I give the retorts , and explain xyz, but it is still a concern.
I always like to look at both sides of the coin, gather data and decide for myself.
I'm thrilled that I'll be getting a ton of coins for free to match my xrp. but the flip Side of that thought is why?
Again XRP long and strong, and I appreciate some of you guys/gals that have been here longer answering my questions.
all in my own opinion, I dont give any advice , I'm new to this as well