Jump to content

Just hopped on XRP with a $1k investment! What have I gotten myself into!

Recommended Posts

16 hours ago, bbearchell said:

I did $1k

I thought 1000 XRP - sorry - drunk brain I have sometimes - well 5000 XRP is even better !!! (I definitely can not afford to purchase this much - but if I could - I would of done it faster than a fox can catch a rabbit) :hunter:

Share this post

Link to post
Share on other sites
10 hours ago, robertbruce said:

yerr nahh, people say "only spend what you can afford to loose"! I say "spend twice as much as you can afford to lose and be prepared to sell". Thus, 1k is not enough. Double it up and move to a 5 figure hodl, that way you'll really "feel it".

Get on Bitstamp, and buy as much as you can with your credit card...It'll pay off...

Share this post

Link to post
Share on other sites
19 hours ago, bbearchell said:

For real though. Did a bit of research and had some expendable income so I threw some XRP's way. What do I have to look forward to? Should I invest more?

You can do 4 things IMO

1. Do your research and invest in your TA

2. Stay in Fiat (nothing wrong on doing this) 

3. Hold your XRP

4. Invest in XRP and speculate (Sell after the Escrow) 



Edited by Winteriscomming

Share this post

Link to post
Share on other sites
23 hours ago, bbearchell said:

Couple questions.

1. What in the world is Fiat? I don't understand what Google is telling me it is. 

2. How does taxation work with cashing out large gains?



1.) Fiat is a brand of a ****** car...but on this sub It is a currency without intrinsic value established as money. So bank notes... has value because you can spend them. Make sense or still too vague? If you see FIAT as bank dollars or euro's that might be the easiest way. 

2.) All depends on your passport and home address ;)

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now