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I ended up purchasing the same size bags at .65, .55 & .50... So my cost average was .56 cents for the week. I wasn't planning on adding anymore but I can't stand to let a good deal pass by.
Yes, I just dusted mine off as well and just ended NEXO over the last couple of days. It’s been a nice run and gained another 15k in XRP but with the switch from 4% on everything we held there to 4% on first $50K AND 1% on everything else. That was disappointing but I could live with it. But something about the new statement of “No new XRP will earn interest” and if current accounts move their XRP off exchange and put it back the new deposit will not gain interest either. IMO… I feel that the exchanges are going to come under fire in the near future to help regulate the industry. Call me paranoid but I rather play it safe than sorry after this long ride we’ve all been on.
Nano > Nexo
Lol
Just moved everything from NEXO to Nano due to the uncertainty in regulations for now. I was debating for a while because I knew I wasn't going to get interest again until Regs come for interest/lending on their platform. I just feel its safer for now until this madness blows over.
Feeling Better Already…
Until Nexo time,
XRP Holdler
Just read about the Nexo interest payments. The SEC's reach has made it to a Switzerland exchange regarding Interest payments. WOW! So now comes the decision of earning the XRP and who knows what comes next or back to Nano to be safe during these unknown times.
Just bought 60 billion of those xrshib as well… couldn’t let you guys get rich without me…
I’m right the with you…. Broke 5 digits in interest 3 weeks ago. #KeepGoingUp
Here's my convo with Nexo and its now 4% upto $50k of holdings and 1% over $50k. You can look it up under interest on XRP tab. https://investorshub.advfn.com/uimage/uploads/2021/12/2/
They’re only paying 4% interest up to $50k on XRP now… 1% on anything after that! Sucks! Let me know if you find a better rate on a legit platform.
For all my NEXO interest earners. Just noticed that we’re only getting 4% interest on our XRP for the first $50k now and 1% for anything over that. I contacted customer support and they said they just came out with new interest rates Dec. 1st. Is anyone earning interest elsewhere? If so, Where?
Question for Investment. I have a new business starting and have an investor that wants to invest in our company but pay in us in crypto. I understand that I can accept it and convert to stable coin or USD but what about withdrawing these funds? Does anyone have experience in this type of transaction? If so, what were the tax implications if any?
Any help would be greatly appreciated
That’s freaking awesome! Can’t wait for exchanges to drop it in our accounts. Definitely looking forward to some passive income! Thanks for sharing
My XRP was on Coinbase Pro during snapshot (Dec 12) and when entering address from CB into XRP SCAN click the “FLARE” tab and it shows what your balance of FLR and SGB will be. It doesn’t show anymore than what the distribution amount should be.
No just copying the address wallet on CB and pasting to XRPSCAN
Try going to XRPSCAN and enter your wallet address. I'm not familiar with ABRA but I'm thinking all should be the same.
Nice. Let me know what you find out.
I was thinking the same thing but just enter your wallet address w/o tag and it will come up. At least mine did on CB.
Go to xrpscan.com and enter your CB XRP WALLET address then click on the flare tab. It will show you the exact amount you will be getting for Spark & Songbird drop.
I had my snapshot of XRP on @coinbase and when checking XRPSCAN my Flare address says NOT REGISTERED. I can however see my FLR & SGB balances. How do we "Register" our address? Has anyone succeeded in figuring this one out yet?
Has anyone heard of https://www.revolut.com/ ? I went to Coin Market Cap and it now has a button next to certain cryptos with an option to "BUY"
I seen XRP had the button too. Just curious if anyone's familiar with them. THanks
I did the same thing but ended up moving ALL of my XRP there a couple of months ago and haven’t had an issue since. Plus 4% interest on the number of XRP you hold there on a daily basis. 2 thumbs up from me!
I like the rotating lock up. I might give that a try. So after a month you have blocks coming off every 5 days. Nice.
Yes its great... So everyone’s clear. Lets say you have 200,000 XRP.
You will take that 200,000 x 4% = 8,000 XRP per year.
Now divide 8,000 by 365 days = 21.9178082192 XRP
This is what you will earn on a daily basis. Almost 22 XRP Every Day
22 x $1.38 (current price) = $30.36
Not bad.... But lets bring this XRP price to $5 it turns to $110 per day or $10 per XRP is $220 per day.
So on and so on. Hope This helps everyone.
Nice.... I'm right behind ya....
Total Interest Earned $1960.72
Dear CHRIS,
Below is a breakdown of what you earned this week (May 03, 2021 - May 09, 2021):
Nice.... If that's all XRP AT Nexo thats a a decent 1.7m tokens ya got there Sir. Great job at accumulation over there! #XRP
Right now I'm getting 39 XRP per day. It definitely all ads up!
So as of this morning if I would have put my investment in DOGE coin when I bought my XRP I would have close to 8 MILLION $. Why does that make me so mad right now? SMH
Its legit... I make almost 40 XRP tokens per day like clock work. 4% on XRP unless you lock it up then you receive 5%. They are able to give this interest because you can borrow against what you have on their platform at 11-12% interest i believe you can borrow up to 40% LTV of what you have.
Its actually pretty cool.
When holding on NEXO and price hits targets and you want to sell... How is everyone doing this? Is there a cool-down period when sending XRP to uphold or only when buying on uphold? Seems a crazy if This goes to $20 and I want to sell a portion but its locked up at uphold for 2 months... Hopefully exchanges are open by then but always like to plan ahead just in case. Any ideas?
Scare of a lifetime... I sent to NEXO without a destination tag. HOLY $HIT! I opened a NEXO account and sent a small amount of XRP to my wallet over there. Everything went smooth so I sent my entire balance on March 18, 2021. A little bit of time went by and I didn’t see the deposit so I reached out to CS and they stated I didn’t include a destination tag with my transfer and it could be months before retrieving it and a possibility of not getting it at all “In some instances”......... Again did I say HOLY $hit. I have a decent size of XRP and my heart dropped so I did some research online and seen a lot of people stating it’s gone, goodbye, see ya later... OMG. So I kept submitting tickets to NEXO and finally they sent me an eMail stating the issue has been resolved and my balance has been credited to my wallet. (This was yesterday)...
Note to everyone.... PLEASE MAKE SURE YOU TAKE YOUR TIME WHEN MAKING A TRANSFER OF XRP AND NEVER..... NEVER.... NEVER... FORGET YOUR DESTINATION TAG.
Also big shot-out to NEXO for retrieving my future wealth and not making me a Future Meme.
#LessonLearned #CloseCall
XRP HODLER
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I was on Coinbase pro and switched to uphold. Fairly easy although they do ask for a screenshot of where the funds were previously at. Kind of strange but I guess its a protection mechanism. So far so good except trying to log in during a pump. Lol
Well I didn’t buy in nor did I sell out... I will tell you I seen my balance go up to $250k but now its back to reality @ .38 scary SECents!
Definitely setup an uphold account. I've purchased XRP 5 TIMES in the last 10 days.
Looks like the pump is 8:30am EST. I'll be there dropping another $2,500!
I really believe in what XRP stands for but a coin called "DOGGY" has almost 600% pump makes me wonder what the fu%k am I doing with this fat bag?
make that 560%
Trying to hold string over here but my knees are shaking!
I'm gonna hold you to it!
This is the headlines.... You got to be kidding me, “Dogecoin, a digital token that started as a joke, spikes 140% after traders in a crypto-themed Reddit forum trigger Wall Street Bets copycat rally”
Meanwhile I’m sitting over here with enough XRP to buy a new Mercedes right now!