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.
You should be able to move XRP to another exchange. I believe Coinbase allows that.
https://blog.coinbase.com/coinbase-will-suspend-trading-in-xrp-on-january-19-2e09652dbf57
You can open account in Uphold, transfer your xrp, convert into USD.
Awesome day!!!!
Yep. If and when grayscale adds this trust easily multi dollar in few weeks.
It's just matter of time. Grayscale will add this very soon.
Checking this out...
It is difficult to guess especially in this sector. During sector boom, valuation, earnings, sales etc don't align with valuation. Based on Surna's past growth rate, sales and current back log .40 - 0.65 is reasonable expectation for this year, assuming they can generate $20M in sales.
If (and when) any changes at federal level then all bets are off. This can trade anywhere from $2 - $10 in next 5 years.
Since democrats are in control and more states are getting on board, risks are greatly reduced.
You posts always been very informative. Thank you.
I'm glad exited XRP. Will be watching closely to get back in once case is cleared.
Put xrp money into BTC(up 40%) and GRT-USD (up 110%) already in few weeks!!!!
Moving up nicely
Big Move today. $ soon.
Yep, volume before price.... if volume continues it can go beyond .50 easily.
This stock frustrated me for very long time. Something tells me that we are going to see light at the end of the tunnel this year. Whole sector can explode big time.
I wouldn't be surprised $15 by end of this year. Big things can happen this year and sector can run crazy like 2014.
New jersey, Virginia, New York and few states may legalize
Some progress on Federal level
And, elephant in the room - no one is talking about - Mexico will legalize recreational sometime in April.
I'm very optimistic about whole sector.
https://coingape.com/ripple-sends-477-million-xrp-to-cto-jed-mccaleb-from-its-escrow/
I guess he hasn't started the dump yet.
Interest is calculated in the crypto. For example if you have 100k xrp, 5% = 5000 xrp. Daily interest = 5000/365= 13 XRP = $2 (13* 0.22)
Looks like someone wants to take BTC to 30K before 2021.
Hey what is your opinion on TRTC owning Hydrofarm shares ? Doesn't it add cash to trtc books ? I bought some(small number) trtc thinking that eventually Hydrofarm investment should make trtc shares go up ? I don't intend to put more money on trc because of their past management style.
Appreciate your input.
In my opinion - Court will rule XRP as digital asset let it continue. Ripple will also be allowed to operate.
1. Relation between Ripple and XRP will be terminated.
2. Garlinghouse and Larsen will be asked to pay the fine.
3. Court will come up with some solution to handle XRP in escrow account. It won't be Ripple
more lawsuits...
https://www.coindesk.com/coinbase-sued-ripple-xrp-sale
hmmm... that's so weird. Didn't MG CEO tell that 10% of US - Mexico uses ODL few months back ? There is video on that. MoneyGram is clearly lying.
Can you change the board name to graph coin from grantcoin ?
I was also thinking about Nano initially but in the end sold XRP. Probably will buy some BTC.There is no point keeping XRP since it can not be traded after Jan in few exchanges. We don't know when case will close and it's outcome. You can always buy back when everything clear and normal trading starts. IMHO.
Garlinghouse, Larsen,McCaleb and others sold 2B XRP tokens and netted more than $1B combined. There is no concrete evidence that XRP is heavily being used as utility token yet. While ordinary people got stuck in the mud, insiders became multi-millionaires. They are not activists. I call them greedy fraudulent people. They should learn something from Jeff Bezos how to create value for others first before dreaming of billionaires themselves.
yeah, anything is possible.
It's interesting that SEC didn't include Jed McCaleb. McCaleb also owns few billions of XRP and was part of Ripple initially. Garlinghouse and Larsen singled out in the lawsuit.
I agree. As I said Ripple will have to prove in the court that XRP can exist without Ripple and it's price doesn't depend on whatever Ripple does. I hope Ripple has good lawyers.
As we see now lawsuit on Ripple directly impacted price of XRP. So market thinks differently than you and me
That's something Ripple will have to prove in the court. I'm sure you bought XRP expecting the price go up and make some profit. Does that depend on effort of third party - in this case Ripple ? If Ripple can prove that price of XRP doesn't depend on Ripple or it's effort then it is not security. If it is, then XRP is security.
Please read carefully SEC's complaint- it is 71 page. You will get the idea what Ripple and it's insiders did as recently few months back. I had put big chunk of money into this. Big disappointment.
It's like all the drivers going beyond speed limit on expressway. One person gets caught and punished. It really doesn't matter if BTC or other crypto's getting manipulated.
After reading twice SEC 71 page complaint, I believe SEC has very strong case here. Ripple and insiders indeed promoted XRP as profitable instruments to public and tried to manipulate price of XRP while selling their own holdings. It will be very hard for Ripple to win #4 of Howey test that - price appreciation of XRP not related to success of Ripple. Still, Case can go either way in the end but too much risk at this point.
I'm out for now and buy again when the dust settles.
https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
I think Ripple should settle this with SEC instead of fighting.
Other side of the argument. Good read.
https://medium.com/swlh/should-ripples-xrp-be-classified-as-a-security-409ec3662d94
This case sure going to be landmark case regarding crypto in general.
Under the Howey Test, a transaction is an investment contract if:
1. It is an investment of money -> Yes
2. There is an expectation of profits from the investment -> Yes
3. The investment of money is in a common enterprise -> No
4. Any profit comes from the efforts of a promoter or third party -> ??
The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor's control. If so, then the investment might be a security. If, however, the investor's own actions largely dictate whether an investment will be profitable, then that investment is probably not a security.
Ripple will have to win on #4.
https://consumer.findlaw.com/securities-law/what-is-the-howey-test.html
I never used hardware wallet before so wanted to try new toy May be will use it for couple of other cryptos. I just opened account on Nexo. I think it is better(it is based in EU) than coinbase for XRP under these circumstances.
Thanks. I'm also wondering what might have triggered for SEC file now and why XRP and not others ? Just guessing - Ripple aligned with democratic agenda and may be that ?
Can you educate me on what happens when exchange delist/stop trading crypto holdings ? I'm getting Nano X and thinking to transfer from coinbase but is it necessary ? Or can we keep crypto in the exchange but not allowed to trade ?
So what you guys think going to happen here ?
If the case goes to court it might take few years.
Hoping something would happen sooner when the new govt in place.
1. New SEC chief will drop the case -> ideal situation.
2. Ripple and SEC settles the case - > the risk is it means they accept the mistake and that might trigger other lawsuits ?
Don't see any other path forward to get this on track. Frustrating to see this going down when btc going up.
They didn't want to give away their millions from sale of XRP. They didn't care about rest of the community. period.
I really hope SEC settles this case and forfeit billions of XRP from those insiders including jed mccaleb
I hope so. Short term pain is not going away very soon.
https://www.forbes.com/sites/billybambrough/2020/12/23/the-beginning-of-the-end-for-ripple-and-xrp-as-coinbase-considers-its-options/?sh=7f21e8efd449
It's very fine line and interesting to see how this plays out. Most likely Ripple will get away with some fine. Argument in SEC's favor is Ripple still controls significant amount of XRP. It is not fully decentralized like BTC. Ripple indeed promoted XRP in early days I believe.
Today
SRNA $0.0435
GRWG $41.69
Is this something to be worried about ?
https://www.wsj.com/articles/ripple-to-face-sec-suit-over-xrp-cryptocurrency-11608598800