Replies to post #29791 on Ripple (XRPUSD)

[Wooden Indian]

Yes, wise Yoda, another compelling reason to cold storage with a nano

[titan11]

So if the exchange has the coin, nothing to stop them from trading them prior to distributing. After all, they are all CROOKS!

[KC01905]

I had the weirdest dream last night and woke up with a very bad feeling. I know a lot of these “free tokens” are going to come with tax implications. I got 2.5k from an ABRA airdrop on their new token which shouldn’t be much. I will manage to get the 1000 VGB tokens which I could handle tax wise. I can even handle all of the interest being made on exchanges. However … if I maxed my XRP contribution for Solo and got 8k tokens at $2 each I’d have an additional $16k in taxes correct? Conspiracy theory maybe … but what if they want everyone chasing these “free drops” and getting wrecked on taxes … which may force people to sell back their XRP to cover taxes on coins that will clearly not have the same impact as XRP? Everyone joked about XRP buybacks but essentially isn’t that … what this is? Or am I reading too much into it.