kryptoroi 282 Posted January 31, 2019 Share Posted January 31, 2019 8 hours ago, KaaKaRmA said: As much as your YouTubers, Bear fuzzies, Twitter prophecies, etc want you to beleive this is a “cant miss” time and ships about to take off, they’re selling you on their channel and message and not XRP and Ripple. We’re years away from mass utikity adaption and even that is unknown. No, this isn’t FUD. It’s real talk that hopium junkies don’t want to admit. There is no utility yet. All increases move with the market or are based on speculation. Everyone and their brother knew yesterday was a pump and if you were smart, you’d have sold some and bought back in at the dip. Yes, holding long term will make money. However, there’s no reason not to make money in short term on pump and dumps based on speculation. I anticipate a lot of those pump and dump actions as they are becoming more and more obvious. But my only worry is about the tax man. Don't you have to pay taxes everytime you trade?? Thats the only thing thats keeping me away from swing or day trading. Link to post Share on other sites
KaaKaRmA 809 Posted January 31, 2019 Share Posted January 31, 2019 I wouldn’t worry about taxes. You’ll come out ahead. I sold a lot of XRP at eoy to take a loss and then bought back in Jan 1st. Have to be smart and strategic when you can. Link to post Share on other sites
kryptoroi 282 Posted January 31, 2019 Share Posted January 31, 2019 I do also have some skepticism and worries at times. But as long as my optimism overshadows my skepticism, im holding. As long as there are more good news than bad news, im holding. As long as we continue to grow, however smaller incrementally, im holding. As long as there is progress being made, im holding. Once the balance tips, or we get some really detrimental news, or a better technology emerges, or Ripple's vision no longer aligns with mine or makes sense, then i will sell. Other than that, i will pass this stash to my kids and their kids and their kids's kids carpetbelly 1 Link to post Share on other sites
retryW 3,836 Posted January 31, 2019 Share Posted January 31, 2019 (edited) <--------- Edited January 31, 2019 by retryW Link to post Share on other sites
Armanius 607 Posted January 31, 2019 Share Posted January 31, 2019 Looks like someone bought at .33c Link to post Share on other sites
Guest Posted January 31, 2019 Share Posted January 31, 2019 (edited) 6 hours ago, WuWei said: What a bunch of impatient whiners! What Ripple has managed to accomplish since their inception only a few years back is actually quite remarkable, and to equate a briefly stagnate xrp price with a lack of success, is either outright FUD or willful ignorance. The release of 1 billion xrp from escrow each month tempers the price appreciation enormously; like it or not; however, the genius behind their objective is clear. Ripple isn't going after some small-time nickel and dimes market, but is looking to position itself as THE major player in the the world-wide IoV. This necessarily requires such an enormous supply of xrp, to carry even just a modest percentage of that load. Like it or not, in the beginning especially, it's going to hold the price of xrp back. Even at "only" twenty or thirty cents, the price appreciation of xrp has been phenomenal as compared to 0.006 of only a short time ago - chill out people! If you don't believe in what the Ripple Team is already well on their way to accomplishing, then go elsewhere, do your homework, and see if you can find any other company that's as well thought out and is executing their plan as well as they are. This "when Lambo" mentality is so short-sighted as to be comical. Nothing in business or life is guaranteed, and I full well expect that Ripple will experience both set backs and failures along their way, but I'm also confident that their successes, over time, will eclipse these as they literally re-write the history of instantaneous money transfer as they establish the IoV. As always, time will tell..... Is this timing flip for real? Edited January 31, 2019 by Guest Link to post Share on other sites
Trickery 8,334 Posted January 31, 2019 Share Posted January 31, 2019 51 minutes ago, KaaKaRmA said: I wouldn’t worry about taxes. You’ll come out ahead. I sold a lot of XRP at eoy to take a loss and then bought back in Jan 1st. Have to be smart and strategic when you can. So you took a loss to offset your gains? That sounds dumb. princesszerp and Truckdriver 2 Link to post Share on other sites
Xrpforme 119 Posted January 31, 2019 Share Posted January 31, 2019 9 hours ago, Greeny said: Good news came out yesterday with the R3 and Swift partnership, we all got excited so the day traders used that as a time to do a 14% pump and dump. 24 hours later right back at the 30 cent range and probably about to fall into the upper 20s. I will admit that article about all of ripples partners been scams, was a bit unnerving to me . I have been around this firm for a long time and was a serious believer in Ripple, but admit that I am starting to have doubts about their future. I hope I can be helpful here rather than sarcastic and condescending. The partnerships aren’t fake and the ones that seem small are for the FUDsters to say “it’s just a small insignificant partner”. From my perspective, XRapid will be ideal for remittance companies and eventually corporations. These are just starting to kick off now. The big banks that everyone is waiting on will eventually hold XRP. Once they can figure out custodial solutions, I believe they will hold also for large transfers. That will probably start this year if Brad is correct in saying that 2019 is the year banks begin holding XRP. Once they hold it themselves I’m not sure XRapid is required and R3 may be more in play to use XRP for settlement globally. Last, SBI formed joint ventures with both R3 and Ripple. SBI owns 60% of each. They didn’t do this to promote xcurrent and think XRP wouldn’t work. Xcurrent isn’t a huge advantage over Swift GPI. The end game is to use corda settler for cross border transfers and settle with XRP ultimately once banks hold directly. XRapid remains valid through remittance companies and alternate use cases. My 2 cents and mostly educated guessing but a lot of companies throwing money and infrastructure at this. I say follow the money. Link to post Share on other sites
KaaKaRmA 809 Posted February 1, 2019 Share Posted February 1, 2019 28 minutes ago, Trickery said: So you took a loss to offset your gains? That sounds dumb. Any XRP bought in 2018 that was higher than EOY price, sell and take tax deductions. Buy back XRP then at start of new tax year. You're paying taxes on gains regardless so you might as well tax deductions on losses purchased at higher given how the system works. A good CPA can help you navigate. ObeyTheWafflehouse 1 Link to post Share on other sites
gamedev368 100 Posted February 1, 2019 Share Posted February 1, 2019 (edited) 1 hour ago, kryptoroi said: I anticipate a lot of those pump and dump actions as they are becoming more and more obvious. But my only worry is about the tax man. Don't you have to pay taxes everytime you trade?? Thats the only thing thats keeping me away from swing or day trading. You only pay taxes on total gains. Just means you need to keep track of what you put in and come tax time if the value of what you've accumulated is more than what you put in from your own pocket, pay taxes on it. If it's too high to cover out of your pocket just sell off some of the crypto to cover it. That's what you're supposed to do. The only way people wind up in trouble is when they cash out and then spend that money without putting any aside for taxes. U.S. anyway. Not a tax attorney, could have it wrong, but this is how I understand it to be. Edited February 1, 2019 by gamedev368 kryptoroi 1 Link to post Share on other sites
Guest Posted February 1, 2019 Share Posted February 1, 2019 2 hours ago, KaaKaRmA said: I wouldn’t worry about taxes. You’ll come out ahead. I sold a lot of XRP at eoy to take a loss and then bought back in Jan 1st. Have to be smart and strategic when you can. I believe that’s a wash sale and not eligible to take a loss on Link to post Share on other sites
Archbob 1,034 Posted February 1, 2019 Share Posted February 1, 2019 (edited) Yesterday was just a pump because people assumed that SWIFT was automatically use XRP in their settlement(they are not). Most of the people in the know probably already knew that wasn't the case and SWIFT published some documentation saying they were going to settle n fiat rails with corporate banks a while later. Whales knew that it didn't mean any giant rise in XRP so they just pumped the price on the hopium because the XRParmy is for the most part, a bunch of gullible kids that will believe in just about anything good about XRP. Then they dumped and we are going back to 28.5 cents or so. For this of us that are in it for 3-5 years investment time, this is nothing to be worried about. Edited February 1, 2019 by Archbob Link to post Share on other sites
hallwaymonitor 1,970 Posted February 1, 2019 Share Posted February 1, 2019 (edited) 14 hours ago, Greeny said: Good news came out yesterday with the R3 and Swift partnership, we all got excited so the day traders used that as a time to do a 14% pump and dump. 24 hours later right back at the 30 cent range and probably about to fall into the upper 20s. I will admit that article about all of ripples partners been scams, was a bit unnerving to me . I have been around this firm for a long time and was a serious believer in Ripple, but admit that I am starting to have doubts about their future. Here are the previous pump and dumps of XRP/USD: Time Traveler's Post-mortem pump & dump [bear market begins] Greedy Gobs Beating Whappy The Whale Flappy take down Riddler's Enema Chinese Hopium Spring Summer Tricky Man Screw The Fish in the barrel letdown Apathy Andy's Kidney Sale Run up Swell Moon Bamboozle Willy The Whale's Shenanigan The Bear Whale's Last Dump Lagarde's Lizard Disco Squash [Yesterday's pump & dump] Welcome to the crypto bear market. Edited February 1, 2019 by hallwaymonitor DannyRipple, Spartaksus, Donkey and 1 other 2 2 Link to post Share on other sites
LuoJi 115 Posted February 1, 2019 Share Posted February 1, 2019 In my opinion we are just retesting resistance, i expect to test the upper diagonal resistance in the following days. Global view: Link to post Share on other sites
Dario_o 1,736 Posted February 1, 2019 Share Posted February 1, 2019 Link to post Share on other sites
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now