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Kalarie

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  1. I can't wait to see a Ripple lawyer show a price chart with new release days overlaid in court lol.
  2. I honestly feel like at some point the people buying Doge as a fad will move into coins with long term use cases like XRP. The fad brought in new money, and eventually that money has to become rational right?
  3. This. XRP has a 1% chance of shooting to $35K. Just buy a 1000 zerps, and hold it for 20 years just in case, and you'll be fine whether it moons or not.
  4. Yeah i'm still holding mine. I haven't bought more, or sold any, and don't plan too until I hit my 2029 date. It was always a moonshot bet, and if my holding is anything less than like $5K, i'll just leave it there until i die probably lol. I'm an old school barbell investor. 95% of what i invest is in index funds (or bonds if i think rates will go down), and the other 5% is random moonshot ideas like XRP was when i got in.
  5. I was thinking specifically XRP, but it might just be moving since everything was moving.
  6. Hodor might be gone, but where are the other guys like @RegalChicken, @Ripplestiltskin, or the chewbaca guy? And what happened to the zerpining thread? I don't see it.
  7. I looked around a bit today, but I couldn't find a good reason for the movement lately in any crypto. Is it all just a fresh dump from the Paypal thing moving all boats, or did XRP make an actual utility move?
  8. Also still Hodling. Can't believe I never sold anything over the years, but I promised I wouldn't until like Jan 2029. I was teaching my son about crypto this morning and just remembered that I have XRP lol.
  9. I don't have the twitter link but I'm 99% sure that @JoelKatz once said that a higher value for XRP was better for Ripple and that the company was working to ultimately improve the price.
  10. XD That's exactly what I did when I made my purchase of XRP. Not at $0.90 obviously. I set a ridiculously high sell order with no expiration just in case I forgot about it and XRP mooned hardcore while I was off building a normal retirement plan. If you got a buyout price in mind that you'd be really happy walking away from your XRP at, given how volatile the market is, setting that order might not be a bad idea.
  11. "We can agree to disagree, but we don't need to be disagreeable." - John Wooden You're a great example of a thoughtful person @Tinyaccount. I have nothing but respect. I hope you get your chance to blow way past the accredited investor barriers, and the sooner the better. #XRPtheStandard
  12. I understand where you're coming from. I mean, any rational, normal person wouldn't smoke weed, drink alcohol, eat McDonalds, gamble for a living....etc. And that is where you run into a fundamental flaw in economics, people are not rational, normal, long-term thinkers. They are not collectively highly educated and fully aware of all of the risks. I know I've seen posts in this forum from a couple folks in India that threw their life savings into XRP expecting greatness. That country watches tv on their phones, and the vast majority of people don't even get to access the internet. Those folks making those posts were either lying about who they were, or never understood the risks that you're assuming the 'normal' person understands when they buy cryptos. I grew up, and still live in a community where having a Master's feels like barley enough to get an entry level job. There are tons of people around me who are very well educated, strategic thinkers, and don't qualify as accredited investors that could probably effectively mange the money if they did qualify. However, I've also made plenty of business trips into the heart of West Virginia, and Southeastern Georgia, downtown Chicago, and New York, etc. Places where the education system simply passed people by, and there are far more of those people than there are people with solid educations in finance, or even college educations period. The last time I helped coach hiring practices for a retailer was in Austin TX, about has highly educated per capita you can get. The retailer wanted to hire cashiers, but they had a simple problem, out of every 100 people that applied, only 1 was passing the math portion of the automated application system. Math that was just addition and subtraction with decimals. It was such a problem they decided the best solution was to program the registers to spit out the change instead of having the cashiers add it up. That my friend, is closer to the 'normal' person in this world. If you can't do basic math, you won't understand the actual risks versus reward situation with crypto, and since you don't understand it, you shouldn't be throwing your life savings into it. That's a very painful statement for me to type because it flies in the face of the natural rights philosophies I grew up on, but giving uneducated masses easy access to make very risky decisions with their wealth always leads to one thing, wealth concentration, exactly what's behind your complaint about accredited investor barriers. Remove those barriers and the argument shifts from the barriers keeping the people down, to unequal education, to un-level playing field via inherited wealth, to unfairness based on the IQ you're born with....etc. It'll always be another excuse. The "accredited investor" barriers feel like they are set up to keep people un-wealthy because you're educated enough to even know that those barriers exist, and if your had the ability to meet those requirements (which you might, I don't know), you are probably going to make rational investing decisions. That level of financial understanding and competence is simply not the norm.
  13. Oh I wasn't calling out anyone on here in particular. Honestly, I don't know the personal story behind each one of you well enough to know if your personal investment is painful or not. I was just referring in general to people that for one reason or another viewed XRP as a no risk way to quickly increase the value of their money and retire well. There are people on this forum that come across that way, and several of them make the same comments of people that I do know in real life who are not financially educated, and have unreal expectations of the markets and the risk that their various investments carry. I know several people in my workplace alone that were talked into buying cryptos when I did. There was a guy in another department that thought it would be fun for us to start a small social group, each pick some cryptos to invest in that we liked, put a small bit of money in, and then keep up with the businesses over time as a way to discover and learn about the blockchain technology and how it was being used. The original idea of the social group was awesome, and fun, and carefree. We had great discussions over a few lunches. Then, 3 months in, the market is rolling, I'm the only one with XRP, and one of the guys starts talking about how he is building a mining machine to 'make money' for 'free.' Then the conversation goes to another guy who admits that he's been flipping his crypto holdings between different currencies all this time, and he's been making 'a killing' (note: all cryptos were rising at the time). Before long the whole group was uber excited about buying into coins they hadn't researched, talking about how they felt like they were a micro VC fund, and how they were all going to make a ton of money off an 'investment' that we all originally planned to be only a conversation piece about a technology that we didn't understand. I'm an economist. I've worked in finance for a long time. I immediately tried to reel everyone back in. I talked about the tax implications of flipping between coins, the risk versus reward metrics, the history of prolonged droughts for BTC, etc. It didn't matter. Good people, who thought they found a foolproof way to make money, pumped way too much of their money into the coins. They higher the values got, the more the bought, driving their DCAs up. 2019 came, and to a person they basically lost it all. There is no more social group. Only one of them even talks to me about the coins. The miner is $30K in debt on equipment, and can't afford to run them cause of the electricity cost. Everyone else either ate the tax bills, or sold out to declare the losses against the taxes for next year. Those are the people I feel sympathy for. People who should not be playing in this market to begin with, but don't understand why they shouldn't. People without the education and training. And I know probably 90% of the forum will say something to the effect of "We shouldn't feel sorry for other people's dumb decisions..." or "Even if they didn't study finance you warned them and you turned out ok.." (which I did). However, there is a reason the average Joe isn't allowed to walk down to the floor of the NASDAQ and trade like a series 6 license holder, or trade on margin, or be a VC funder, etc. There are rules that either require you to demonstrate extreme financial competence, or enough collateral to be able to afford to take those kinds of risks. We should feel lucky that we can buy into ICOs and cheap crytpos right now. We have a rare chance to take on risk that would never normally be afforded to us legally, and for some of us that will pan out to great rewards. But when the crypto market matures, don't be surprised when the average Joe's of the world aren't allowed to invest in it at this risk level because if we're being honest, the average Joe should not be investing in it. It should be gated just like other extremely risky investing opportunities are.
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