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DavyJones

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Everything posted by DavyJones

  1. The agreement said that Jed and the donor-advised fund are allowed to sell a certain (combined) percentage. Maybe it’s just the DAF selling now. Unfortunately there is no info on how much XRP is left in the selling pool afaik. We only know Jeds balance.
  2. Are you sure? Afaik Ripple only funds his „tacostand“ account and he sends the XRP to one of his own bot accounts. How do you know that the bot account is controlled by Ripple and not Jed?
  3. Move to germany, hold your crypto for one year or longer and sell => no tax
  4. I don‘t know ... just take a look at the XRP chart There are certainly strange things going on behind the scenes.
  5. There is no ruling or whatever in place other than the agreement with Ripple that can hold back Jed from selling. He either does not care about the SEC sh*tstorm or knows something.
  6. Best post I have read so far about the current shitstorm. People are freaking out and once the dust settles they will be either completely out of the market or have lost a lot of money. This is just how it works.
  7. TLDR. Got better things to do than reading typical crypto nonsense „news“.
  8. Wow. Already nine pages on this thread. I guess it‘s the same old story all over again. Smells like the 2017 China FUD when BTC was still below $1000.
  9. I believe that this would most likely be the reaction of the internet folks. Still no idea what would happen to the ledger itself.
  10. No. Most people are not in it for the tech. They just want to safely store their investment and need an easy to use interface for that. The Ledger Nano is an affordable piece of hardware and probably one of the most secure ways to store crypto. It’s even quite convenient. I have no problem to set a trustline, but my private key will never be exposed to the outside world in any way. That‘s the whole point. The process to set a trustline is of course straightforward and well documented and I pretty much know what to do and how to really make sure that the key is never exposed in any way, but most people will certainly not go down that rabbit hole for a few worthless airdrop tokens. If there was some kind of trustworthy piece of software that can set trustlines by utilizing the Ledger Nano it would be perfect. Trading on the xrpl would be the cherry on top.
  11. Well then again it boils down to the question how to claim the tokens. If it involves messing with your private key or some other technical stuff that most people don‘t understand then nobody will do it.
  12. I wonder if it has something to do with this: https://www.ledger.com/updating-the-bitcoin-app-to-enhance-security Sounds a bit different, but maybe there is another undisclosed vulnerability ...
  13. Is there any information about how to claim the tokens? If it involves setting up a trust line like for the Allvor airdrop or messing with your private key (potentially exposing it to the outside world) most people will certainly stay away from it.
  14. Ripple just holds his zerps in a multi signature wallet. They fund his „tacostand“ account on a regular basis. He moves the XRP from this account to another account and buys Bitstamp USD IOUs on the XRP ledger every day.
  15. I just calculate it in excel and send the final number (gain / loss) to the tax authorities. The first time I did this they requested a detailed report and I sent them a lot of pages (csv export from the exchange). The second time it went through without further questions.
  16. I fully agree and it was one of the main reasons for me to never buy any Bitcoin.
  17. That is most likely correct, but this has to be implemented on the client side banking frontend: The GUI / website where you log in with your password.
  18. No. A brute force attack is not practical. There is not enough energy in our universe to reliably guess the key with the currently available hardware. 1. Yes. If you feel paranoid you can use 5 or even more keys. 2. You should use 2FA whenever possible. Most exchanges and many mail providers offer it and it would be stupid not to take advantage of the extra security.
  19. Plan for beginners: Set a price target Wait and stick to your plan no matter what the market does Sell when the price hits your target Buy back after the price corrected over 80% Advanced Plan: Set 100 price targets Wait and stick to your plan no matter what the market does Sell when the price hits a target Buy back small amounts when the price corrects over 80% Buy back more at -85-90% Professional Plan: Study the market and learn technical analysis Pay people on the internet to teach you their secret strategy Master the art of day trading Try to program your own trading bot Buy a trading bot from random people on the internet Program the bot to be profitable Realize that you already lost a lot of money and that the trading bot was infected with malware that stole all your holdings Rage quit the crypto market and / or spam on social media about the crypto market scam Timing the market is impossible. Nobody can tell you when to sell and how much. Therefore I am going to sell small amounts on the way up and always keep most of the profits. Waiting for a certain price to cash out everything is a bad idea IMHO. Imagine how dumb you would feel if one of the following happens: - The next ATH is only a few cents below your target price - You sell everything and the price goes up 500% afterwards
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