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How many sold/about to sell in fear?

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No I haven't touched any of my zerps during this dip. Me and my lady will keep on HODLing no matter what. Ripple is just as awesome as it was at ATH.

 

Though I can't help thinking from time to time that I've missed a chance to add a bunch of zerps to my stack for free. Especially since I don't have any more fiats to invest. But then again I'm very new to all of this and I'd rather not loose a portion from my stash because of some stupid mistake while trying to time the market.

 

Remember to be grateful for what you have and keep on HODLing is my motto!

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46 minutes ago, SecureXRP said:

Understand if you have tax. I personally don't have any tax as soon as I don't cash out

Not true for every country, in  mine for sure.

Here there's a debate since tax on cryptos are unchartered territory, but last news / indiscretions suggest that "moving" cryptos eg. selling  and rebuying like you you've done, or selling and buying another cryptocurrency is enough to define a gain, thus taxable. You don't need to cash out, the gain is made. ( hopefully ).

Even if at the end of the year you don't have gain, say you gained 10.000 Euros in May, but in september you lost 12.000, you pay taxes for the 10.000 and you can remit the loss in next year's tax.

Good for you if you're taxed only when cashing out, but not everyone is lucky to live in a place like yours...

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13 hours ago, emsemporium said:

true HODLers are in it for the long haul.  

Absolutely!  :this:

I do feel bad for how much anxiety this downturn is causing some in the XRP investor community however.  Just remember that no matter how much the crypto industry falters, it's the cryptos with a real use case that will be rewarded with a higher probability of future investment. 

My XRP is not going anywhere. 

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27 minutes ago, Hodor said:

Absolutely!  :this:

I do feel bad for how much anxiety this downturn is causing some in the XRP investor community however.  Just remember that no matter how much the crypto industry falters, it's the cryptos with a real use case that will be rewarded with a higher probability of future investment. 

My XRP is not going anywhere. 

Mine did they went into cold storage, but they had a few more friends show up to keep them company 

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I've actually returned to my original expected trajectory based on fundamentals, which have improved since early December. Still hoping to buy in @ $0.75 if I can get exchanges to clear my deposits. Frustrating.

I wasn't expecting to break into dollar territory until Q3 - based on where Ripple reps see its position right now and how consultants treat Ripple in the broader marketplace.

That isn't to say I think it "shouldn't" be worth that much, but a test drive is not a sale. I do think that as more business is denominated in XRP it has to naturally assume the value of underlying contingent assets. The real value of the coin is not fundamentally its trading value - it is the value of the asset chains that it is contracted to redeem.

We've learned this for decades of debt-based currency. The value of money depends considerably on what assets are redeemable with it. There are fluctuations based on the anticipation of what that money might be able to buy (or not buy) in the future, but this whole 'should be' economy of pricing and valuation is going to lead to errors, and errors can be very expensive. It is better to stick with real redemption rates as we know them, and pay close attention of expansion plans, timelines and scale.

Amex is testing redemption corridor for assets between NA and UK with Santander - how is that going? Is the vertical improving? Is the horizontal ready to expand?

If you go back and watch Brad's videos, he mentioned Amazon a TON. Take off your speculation glasses for a minute and instead of trying to guess when Amazon will be added as a partner (and believe me they won't until Ripple is considered a peer - and they are not).

He explains over and over what his understanding of Amazon's model is - how they have taken over so many industries.

Amazon started, if you will, with a dot on the horizon of commerce. We want to be the biggest bookstore. Make our customers happy from a to z. If you don't know that this is what the logo means, look at it again.

They spent years dubiously building their verticals in that space - more customers, more books, and eventually more profits. Then they expanded to another vertical, movies and music. Then household. Etc. Etc. Each category is another silo constructed on the horizon of e-commerce. They perfect a vertical and then expand horizontally - which in Amazon's case means geographical spread, and it has not always been easy. FBA (Fulfillment By Amazon, which is a great logistics program) is another vertical they built.

If you have any experience with systems design and you work with FBA, you can see the point-vertical-horizontal development pattern throughout their entire organization. At times it is frustrating because the verticals that appear so seamless on the front-end are often diverse, complicated and downright inconsistent on the back end.

Verticals as they build are super rocky and experimental. Once they are solid, however, they potnetially explode horizontally unless there are government or industry juggernaut who are entrenched along the way.

But Amazon just works around them. FBA can't ship books to Canada because Canadian booksellers lobbied the government to block Amazon from taking over their small bookseller market? Fine - says Amazon - we'll build a completely separate FBA warehouse network on the same continent just for Canada and build a completely distinct FBA account and console just for the Canadian market.

Ripple views their work and their growth the same way.

1) Perform one thing superbly.

2) Establish the vertical - build up the vertical to its performance apex - happy customers, solid profits.

3) Build out the vertical across the horizontal - grow initial success exponentially - happy demographics, solid ecosystems, massive profits, massive reinvestment.

4) Rinse and repeat.

Now you can pay attention to ignorant speculation grounded in nothing, or you can watch for areas in which Ripple is working with others and follow the pattern:

Points - what new partners and corridors are they seeking to establish?

Verticals - what partners are working with them to build up an engine on top of a key business point?

Horizontals - what partners have seen so much success in perfecting the utilization of Ripple in one vertical that they are ready to expand territory wide?

We've reached $1 based on nothing more than 100+ points, perhaps 60 verticals, only 3-5 of them solid and 0 horizontals. That's more than I would have expected.

I think we're doing great, and I can't wait until we hear our first FI declare that their deployment of ripple was so successful in one market that they are expanding their program into other markets.

That is when we take off. Not before.

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At this rate it is definitely driving those “smart money” people away from the market even when it recovers - those people who caused the surge of first bitcoin and then almost every alt between December and January. Those bleedhearts ain’t coming back, at least not for some time.

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Just bought some more. I started accumulating in november and quit accumulating about a week before the take off in december. When it was around 0,80 -1,00 I was thinking about buying some more but I didn't. When XRP went above 3$ I did off course regret not buying more below 1$. And today, I had the chance to do it.

I can imagine some people having fear by the recent drop. Some will try to convince you it will get worse, while others try the opposite saying it's a buying opportunity. No one can be 100% sure. If it were that simple, we would all be very rich.

I'm not a specialist of technical analysis, but chances of having a bottom right now seem to me much higher than the chance it could go down much further.

For those who are not feeling comfortably right now with the drop, I would suggest reading the Q3 again. I think it will make you feel much better. It worked for me... 

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13 hours ago, Coretex said:

I would love to take credit for this, but I have to correct you. You probably mistaken me for someone else as I am not making any videos.

Good for you that you hodl and thanks anyway. 

Then I'm getting one Tex mixed up with another - it's my age, you understand - but you are also high on my list of contributors who have given me so much good advice on here, @Coretex

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