Ripple (XRPUSD): Congrats on your arbitrage of XRP today,...

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GreedyAgorist

Re: Bayou Man post# 6042

Thursday, 05/16/2019 1:15:41 PM

Thursday, May 16, 2019 1:15:41 PM

Congrats on your arbitrage of XRP today, Bayou. Did you buy back as much as you sold? Looks like you might have shaved 15% off your cost basis.

Your story of how difficult it is to sell is not to be overlooked (or underplayed); buying only makes sense if you can sell. I have only used Uphold. Still looking to set up all the security measures before I deal with any other exchanges. Crazy to think it has been a month, but it seems like there are a lot of hoops, and I have yet to jump through the first one.

Meanwhile I have no plans of getting my XRP through any place except Uphold since it has that use case of 9% loans through CredEarn. Again, not sure how long that offer will be around, but plan is to continue to load for another 2 to 5 months about 3k per month as long as that yield stands.

The other exchanges, wallets, etc,. will be for the purpose of diversifying into other cryptos, taking into consideration their use case, including maybe just using them to buy and sell stuff, which was kind of the original idea way back when Bitcoin was under 50 bucks.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.