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About Grendel

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  1. In case anyone missed it. Forbes opinion article lays out how bad the SEC lawsuit logic really is. https://www.forbes.com/sites/roslynlayton/2021/03/11/sec-stumbles-in-ripple-case-lost-in-a-maze-of-its-own-making/?sh=585cff1c2e9b tl;dr "the SEC asked to dismiss Deaton’s [class action] petition because no determination has yet been made on whether XRP is a security. Put two and two together, and the SEC is saying that Ripple and its two top executives had to have reasonable knowledge of something seven years ago that the agency itself wasn’t sure about last Friday"
  2. What does the Community College of Philadelphia have to with any of this? /s Got any more ridiculous conspiracy theories?
  3. A stock is a security. No such claim is being made for XRP.
  4. This will be an interesting issue, for sure. First, thanks for the heads up on Nexo - I didn't know anything about them until your post (and it makes me wonder if you're not in sales for them). I will do my due diligence and consider an investment accordingly - always looking for a good ROI. Also, thanks for your post: as others have stated, I will reread and ponder some of what you posted. That said, second, you will need many more companies offering (and actually consistently delivering, for long periods of time!) these kinds of returns to start "poaching" bank customers. Most
  5. It reflects the decline in the broader financial market which started at the end of July. If these are true payments, then people likely want to hold onto their assets right now in a declining market. Don't worry about it. Frankly, it looks like the trend for medium payments leads this broader market decline by nearly a month - I may start trending this correlation...
  6. Maybe that's a good idea. I can't speak to the tax laws in other countries, but I thought the U.S. generally treated cryptocurrency as property, meaning that each time you sell/use is an event that must be reported as either a capital gain or loss. With the amount of day-to-day volatility that can occur, that's a lot to keep with if you're using something like XRP as a means for exchange. I think that was at3n's point. Someone please correct me if I'm wrong. In many ways, I wonder if poor regulation is what is either holding crypto back or propping it up. How many people are hodling becau
  7. This douchecanoe is still up and running - reported. I can't believe people fall for this ****.
  8. This seems an exceptionally poor argument. First, any currency is certainly capable of fluctuation. GBPUSD shifted 0.70% or so today, and I think I could expect it could substantially shift 1-5% or more any given day on good or bad Brexit news. Understanding that Brexit is a one-off in terms of causing a significant currency fluctuation, my point is only that any fiat currency can fluctuate and that it can be significant. Second, when we're talking about a 1-5% daily fluctuation on XRPUSD, we're talking about literally a penny on the dollar - no base, typical consumer is likely ever going to n
  9. God, I hope it's 10¢ by the end of the year. 10 for $1?!! That would definitely trigger an early buy for me. Currently not looking to invest more into any cryptoasset until March-April next year, but a 10¢ opportunity would be hard to pass up...I'm getting itchy right now at 27¢. That said, though, this is a purely speculative investment for me...and I'm willing to sit on it in perpetuity. If it fails, I'm OK with that: my XRP investment only amounts to about 1% of my savings. No one should invest more than they can afford to lose in any one asset.
  10. The first statement is generally true; however, it tempers the second which means that Ripple has more time to deal with the issues that you think may be problems. Corporations - large ones, anyway - do not typically move quickly to adopt new tech...and they won't until they must. Corporate governance moves slower than the wheels of justice. Many times they are just not structured to do so. Improvements in BTC and BCH may indeed cause corps to reevaluate, but they're not going to do it until these improvements have been proven. Ripple has time to adjust. The other side is the future.
  11. No, it is not. I quoted another poster. Perhaps you could give the same courtesy to that poster. I hope the troll is fed.
  12. Wrong, that's not what I said - just because you put quotation marks around something doesn't mean that's what I wrote. But I'm not going to continue to argue with you: it's obvious to me that you are the one who doesn't know how derivatives work. You can't put the cart before the horse - it just doesn't work that way. If it did, there would be arbitrage opportunities available ALL THE TIME. Efficient markets just don't work that way. If you want to learn about "derivates" -lol- go take a class in derivatives at your local city college. I'm sure they offer a finance class or two that covers th
  13. Yeah, but how many of those 26,000 people actually have Coinbase accounts?
  14. Every planet I've ever lived on. That's why they're called derivatives: the underlying asset determines the price of the derivative, not the other way around. Yes, a CFD is a derivative, and if you copy, implement, or buy into whatever "investment" strategy they have you will be buying into CFD derivatives because these strategies may involve short positions. If you buy the asset long, you own the asset long: no CFD, no derivative. That said, I don't have an account with eToro and do not plan on having one at any time; so, make sure you do your own DD.
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