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If we remain bullish, there is a potential of 200 % in 5 weeks: https://www.tradingview.com/chart/XRPEUR/s7C3s5yl-Le-Cercle-potential-of-200-in-5-weeks/ I am optimistic: 18./19.04.2018: Western Union Go Live & Blockchain Expo End of April 2018: Revolut adds XRP & ArabNet Digital Summit 10.05.2018: PayCANSummit but imho something bigger has to happen here or FOMO 17.05.2018: also no idea, yet But this is no financial advice.
As a follow up to another chat topic started this morning (US time), I suggest that the community keep this topic as active as possible so those who are interested in info, analysis and personal experience about US taxes as they relate to crypto assets can become smart about how to trade, hodl or leverage their holdings with a decent understanding of what the tax implications may be. Let the games begin. PS: I am not a tax specialist, tax accountant or other legal advisor re: these matters. I have had 35+ years of business dealings (successes and failures) that have had huge tax consequences. I have studied, I continue to read, I am forever curious, I have owned multiple businesses, consulted with others and worked in environments from sole proprietor to international Fortune 500 companies. I've likely picked myself up more times than most people have fallen so my foolishness over the years has stuck enough to offer a few ideas here and there. I wish everyone who's looking to make a decent return from their hopes and investments in XRP much success. Cheers.
(Be aware that this is me feeding the hype and only my 2 cents) The investing angels that guide me tell me that more is to come. Hold on to your socks fellow ripple-ians and profit hungry brothers. The real reason I have such confidence is that ripple is the only cryptocurrency that has traditional financial institutions investing and testing it. This means that they do not want to get left behind and the fact that they put their confidence into ripple is a good sign for all cryptocurrencies because it validates the concept and technology. One thing we must all understand is that a currency is only as valuable as the market allows/wants it to be and it shows this through adoption (volume) and can unfortunately be manipulated by supply ( think of the diamond industry). The fact that ripple is centralized makes the majority of cryptocurrency enthusiasts dislike it as it is antithetical to the premise on which cryptocurrencies where created, that of being a decentralized, peer to peer method of exchanging value. But I say this again, it is only as valuable as the number of people who accept and adopt it. Of my short experience in cryptocurrencies I can say that there are two main types of cryptocurrency enthusiasts. In category 1 we have those who are genuinely invested in the decentralized ideal and want to create a parallel financial ecosystem where we are all in control of our own money and there is no financial third party to ask for permission to send money. This is an ideal that requires most users to have an above average understanding of the technology or at least be aware of it and know how to use the wallets and exchanges. Herein lies the true problem and barrier to entry. If cryptocurrencies are to be truly adopted they will require a more mass market friendly platform to offer their coins on and they will also have to be useful in that they can either buy goods and services (such as how bitcoin is accepted at many online merchants) or they can be more unique and be a way to transfer and exchange money between people and between banks (ripple). On the other hand, we have the second type of crypto enthusiast who is profit driven and feeds of the speculation and high volatility. This type of enthusiast cares less about the technology and the ideal and more about the volatility and market manipulation. Though even those in category 1 enjoy the growth in their net worth. Exchanges only exist because there is a large demand for them from enthusiasts in this category and the fact that they are unregulated and have such low fees means that any average person with a decent internet connection and an ID can try and benefit from this volatile industry (desirably so). However, what ripple is doing is legitimizing the industry and if they play their cards right they may be opening the door for other cryptocurrencies and start-ups in this area. Much like how Ethereum has been revolutionizing the cryptocurrency industry in applications, ripple will allow for the beginning of mass market exposure to and adoption of cryptocurrencies. And yes, all those of us who have just found out about it or have been in this word since the birth of bitcoin will regarded as the “lucky ones” who were there early enough to reap the financial rewards. N.B. I am not a financial expert and I do not pretend to be. Please do your own research and invest wisely and only what you can afford to lose and still feed yourself. In addition, remember that sometimes hype may be bad and only slow, sustained growth is true growth.
Why would they hold onto it? Maybe they know something we don't. You only hold onto something if you think that it has worth or value. Let me know what you think, guys.