Ripple (XRPUSD): Good news is XRP is not a security. Tha...

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GreedyAgorist

Re: None

Tuesday, 12/22/2020 10:56:57 PM

Tuesday, December 22, 2020 10:56:57 PM

Good news is XRP is not a security. That is the case the SEC is making, is it not? Holders of XRP do not hold any stake in Ripple, Inc.*

Bad news? Maybe Ripple will have to sell XRP to raise money to pay the fine. Unless they had the good sense to sell when this was between 60 and 90 cents. Ha ha ha! (Kind of wish I did, but in for the long haul. And Cred has too much of my XRP. Selling “half” when it was double my average would have left me with no XRP. In other words, investing with the wrong PayPayl Alum is the “gift that keeps giving”—without any end in sigh, apparently. [Sigh...])

*Come to think of it, Uphold has as one of its third party apps Linqto, which supposedly can let you invest in private companies, with one of their examples notably being Ripple. Wonder if the price of that is down as much as XRP. Can you say blood in the streets? I knew that you could.

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.