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Gamblord

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  1. Don't shoot the messenger Billy. Just read the article and come to your own conclusions.
  2. Re-read my post. I said xrp was "retrieved" by Ripple. I didnt say Melon bought xrp in 2018. Try to keep up yourself. When he bought the XRP is not the issue. The article states that after Melon died is when the lawyers approached Ripple (because they could not retrieve his XRP). Afterwards Ripple somehow got them access to Melon's XRP with a strict contractual condition the estate lawyers could only sell a certain amount each day. The article is telling us that Ripple gave access to Melon's funds with a stipulation and the estate lawyers had to grudgingly go along with it. Ripple did this in 2018 or later. You don't find this information damning, if true?
  3. XRP was retrieved post 2018 after Melon died, not "early days".
  4. https://www.dailydot.com/debug/death-internet-cryptocurrency-matthew-mellon/ Mellon left behind two ex-wives, three young children, and an estimated $193 million in XRP. There was no mention of the currency in his outdated will, and he reportedly kept the keys to it on devices under other people’s names in various locations throughout the country. His secretive methods left the estate’s lawyers scrambling to gain control. They wanted to sell the XRP as quickly as possible—court documents show that its value had fluctuated up and down 30% in the few weeks after Mellon’s death. Each day they went without selling, they ran a higher risk of losing millions of dollars while facing his exorbitant bills and debts. The lawyers were able to get ahold of the XRP by approaching Ripple, the company that manages the currency. But that’s a unique privilege, estate planning experts say, because most cryptocurrencies aren’t closely tied to centralized entities. “The family should thank their lucky stars, because it is not that common that they could go somewhere and get access to the account,” Gerry Beyer, a law professor at Texas Tech University and expert on digital assets in estate planning, told the Daily Dot.
  5. If interest can stay above 1.35%/week then your stack doubles after 52 weeks. I imagine this will be the case. The problem is if BTC goes into a bear market your stack is going to drop 90-95% in price. Say hello to 2¢ SGB.
  6. If it stays at 1%/week (which is high, coins like ADA pay 5%/year) and price can stay in the 40-50¢ range SGB can be renamed to money printer (BRRR)
  7. From what I've been told the circulating supply is supposed to be 9.4b. The fact that there's only 2b staked means 7.4b SGB didn't get staked this epoch. This could very well mean that many exchanges are not staking their SGB. You would think that more than 21.2% of SGB would be staked but...not apparently. I've heard comparisons of SGB to a Ponzi and I thought about it. I don't think this is a good approximation. A more apt comparison might be a house of cards or a bubble. Right now, we are in crypto bubble that is inflating with Bitcoin's rise. Money is flowing into SGB with tether and XRP giving it tremendous value (40c now, maybe $1 in the coming months if BTC goes to 100k). People are earning 1.75-2% interest per week right now which they are cashing out or compounding. Life is great, but it's a house of cards or balloon that will collapse after corrects at the end of this cycle - Just keep that in the back of your mind.
  8. 一个更好的问题是 XRP 能涨多少?如果 BTC 达到 100000 美元,那么保守地认为 XRP 可以达到 3-4.00 美元
  9. The price is supported by greed. The token itself is worthless but when you have a reasonable expectation that you can sell them for $0.56 and the rewards are high it creates incentive to buy up large quantities for more free money. Right now the rewards are so high it can literally pay for your living expenses. Combine that with the fact SGB will likely appreciate in price with the market you are looking at 7-10x gains. Then on top of that we still have exfi and flr drops that are coming. The downside is that everything will drop 90-95% in the next bear market and the weekly rewards are decreasing so you'll only be able to buy a coffee instead of a lavish lifestyle you can fund right now.
  10. On every forum I visit it seems like half the people put their XRP on exchanges during the snapshot.
  11. He is probably worth way more than 100MM now because of his crypto but in January his net worth was 45MM. He explained his case for xrp: 3:50 onward: Raoul Pal: "Xrp is a great risk-reward" "Slap on the wrist, then free to run" "Worst case is -50%, best case is 10x from here so I'll take a 50:1 risk-to- reward here" There you have it, actual smart money person placed a sizable bet on XRP. Disclaimer: I do not hold any XRP (except the 20 XRP locked from spending in my wallet).
  12. Have you heard of the little old lady method of taking profits? When it doubles sell half. When it doubles again sell another half and so on. This ensures you always walk away in profit. Every TA person will give you different answers. Check this one out
  13. An honest xrp holder, this is rare. 1. It's more Ripple's willingness to work with banks. Also their opaque monetary policy. They take out 1b xrp every month and spend it on ???? Then send the remainder back. We have no idea what Ripple is spending XRP on. Im sure some of it is shady dealings. This opaqueness is similar to central banks which is why it is hated. It's not predictable either. With other cryptos you know what the inflation rate is. With XRP the inflation rate is whatever Ripple decides, just like central banks. 2. XRP is already up there in MC. This is both a positive and negative. Not much higher in % it will go up but it less likely to get washed away into oblivion. 3. Yep, a lot of the boomer coins xrp cant be staked. I dont want to spend my investment and lose it. If you have rewards it much easier to use that for money and keep your principle investment untouched. Maybe FLR will address this but a second layer complicates things. You can already stake ADA and many others with just the base coins. With XRP you have to purchase FLR to create F-XRP you can stake (fact check me if im wrong). 4. Fair point. 5. Fair point. It is actually BG and CL selling their stash to the tune of over 600m and not on Ripple's behalf. This was in the SEC document. They are both being sued by the SEC. Huge red flag when the top people of Ripple are sued in addition to the company. Why invest in XRP when you can invest in anything else that doesnt have this problem? DOGE with no parent company or execs looks less risky. 6. ODL doesn't raise the price anyway. Scarcity determines price, not utility. My sincere advice: have a realistic sell target for XRP this bull cycle and don't ever think about buying back in until the price crashes over 90%.
  14. Another mind reading fail. I want Xrp to moon so I can dump my spark tokens off the hype.
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