The Ripple Thread

lifeandtimes

mik_da_man wrote: »

Where did it hit those prices..?

I think they mean dollars but i didn't see 2.60.

2.25 certainly but not that high.

Still has a long way to go to get too the 3.80 it was at a few weeks ago but I believe it will massively skyrocket over the year brad keeps generating these partnerships.

I predict at least 17 dollars by the end of the year

papu

lifeandtimes wrote: »

I think they mean dollars but i didn't see 2.60.

2.25 certainly but not that high.

Still has a long way to go to get too the 3.80 it was at a few weeks ago but I believe it will massively skyrocket over the year brad keeps generating these partnerships.

I predict at least 17 dollars by the end of the year

Very ambitious

Blacktie.

lifeandtimes wrote:

I predict at least 17 dollars by the end of the year

Based on?

Mucky_Tackies

lifeandtimes wrote: »

I think they mean dollars but i didn't see 2.60.

2.25 certainly but not that high.

Still has a long way to go to get too the 3.80 it was at a few weeks ago but I believe it will massively skyrocket over the year brad keeps generating these partnerships.

I predict at least 17 dollars by the end of the year

you shouldnt be drinking at work.

TheSheriff

lifeandtimes wrote:

I predict at least 17 dollars by the end of the year

Reddit is this way

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>

el diablo

lifeandtimes wrote: »

I think they mean dollars but i didn't see 2.60.

2.25 certainly but not that high.

Still has a long way to go to get too the 3.80 it was at a few weeks ago but I believe it will massively skyrocket over the year brad keeps generating these partnerships.

I predict at least 17 dollars by the end of the year

Not a chance. Just look at their circulating supply and their ability to produce an almost infinite supply of tokens. I'll be surprised if it even gets to $5.

I got out of XRP ages ago, about 3 days. However I still follow the news related to it and don't rule out buying back into it in future. This time yesterday was ideally the dip to buy though.

There's still plenty of life left in this project which as a company is still in its infancy and on the up.

lifeandtimes

On advice I got, there's a crypto trader I talk with in the US who has an extensive portfolio and last year he predicted XRP to reach 17/c by the end of last year and it did and more. He predicts 17 dollars by the end of the year. He bases it off Bradleys constant work to try and bring xrp the main stream by partnering with as many companies he can, the commumity that follow xrp and loads more etc.

Blacktie.

lifeandtimes wrote:

On advice I got, there's a crypto trader I talk with in the US who has an extensive portfolio and last year he predicted XRP to reach 17/c by the end of last year and it did and more. He predicts 17 dollars by the end of the year. He bases it off Bradleys constant work to try and bring xrp the main stream by partnering with as many companies he can, the commumity that follow xrp and loads more etc.

So what you're saying is he thinks it'll go up and he plucked a number out of the air.

lifeandtimes

Blacktie. wrote: »

So what you're saying is he thinks it'll go up and he plucked a number out of the air.

Yeah exactly, sure it's all guess work based in information that may or may not happen anyway

degra22

lifeandtimes wrote: »

On advice I got, there's a crypto trader I talk with in the US who has an extensive portfolio and last year he predicted XRP to reach 17/c by the end of last year and it did and more. He predicts 17 dollars by the end of the year. He bases it off Bradleys constant work to try and bring xrp the main stream by partnering with as many companies he can, the commumity that follow xrp and loads more etc.

Does he like 1's and 7's.

You realise what market cap that would have and how exponentially the rest o the crypto world would have to rise in order for XRP to reach $17.

lifeandtimes

degra22 wrote: »

Does he like 1's and 7's.

You realise what market cap that would have and how exponentially the rest o the crypto world would have to rise in order for XRP to reach $17.

Yeah, it may not be likely but it's possible one way or another. Who knows, brad might release masternodes as a nuclear option and send the price up.

I'm just relaying the information I got from my talks with him. Do what you will with it but this the discussion forum for ripple so I thought I throw my info in

TheSheriff

You've said it yourself -'guess work'

Some random guy in the US declaring it'll hit $17 means absolutely nothing. It's trying to generate hype. It's as good as the 40k people in the ripple telgram group who are now screaming 'moneygram means $20 by tonight'. God, someone just wrote in it '$50 by end of jan'.

It's all total guesswork and luck. You win some one day and you lose the next. While ripple is one of the more promising cryptos it's price is more driven by surrounding media attention rather than demonstrated functionality at this point.

Skippy21

I bought when it was $2.50😩 I know I'm meant to hold on and have faith... But reports are very mixed. Hoping it goes back up to get back wat I put in..

Cryptonovice

Hey folks,

Bought some ripple recently and hope to hold long term. My question is if I hold this long term and do not cash out for say 4 years, do I still need to send in tax returns/info to Revenue in the years between? I understand its 33% CGT at cash out but I seen an article earlier that said I need to provide them with info every year? Hope its not so. To be honest I haven't a clue. Could someone please give me their thoughts on this. Thanks Alot.

lifeandtimes

Cryptonovice wrote: »

Hey folks,

Bought some ripple recently and hope to hold long term. My question is if I hold this long term and do not cash out for say 4 years, do I still need to send in tax returns/info to Revenue in the years between? I understand its 33% CGT at cash out but I seen an article earlier that said I need to provide them with info every year? Hope its not so. To be honest I haven't a clue. Could someone please give me their thoughts on this. Thanks Alot.

There's a tax thread started that's pretty much moot. No one can say for certain what way the tax will work so the general conesensus is keep a record of every transaction. Better to have it and no need than to need it and not have it but if you aren't actually withdrawing it to fiat, I don't think you need to notify revenue until then

TheSheriff

We've kind of hit back to the level we were at now yesterday with XRP. Is this the coins real support value?

Wonder if these announcements from Brad will come more rapidly now.

Cryptonovice

Thanks Sheriff

jon1981

Wheels coming off lads...

https://www.reddit.com/r/ethtrader/comments/7psjvk/moneygram_confirms_ripples_partnership_is_a_pilot/


No use of XRP at all.

Quote:

Hello, This is a pilot program being tested on internal MoneyGram International processes and is not intended for consumer use

99 Bortles of Beer

jon1981 wrote: »

Wheels coming off lads...

https://www.reddit.com/r/ethtrader/comments/7psjvk/moneygram_confirms_ripples_partnership_is_a_pilot/


No use of XRP at all.

Quote:

Hello, This is a pilot program being tested on internal MoneyGram International processes and is not intended for consumer use

That was common knowledge, though. As a matter of fact, it was in the sub-headline on the WSJ:

MoneyGram Signs Deal to Work With Currency Startup Ripple
Money-transfer company will run a pilot program testing XRP, a digital currency

Anybody who read the article knew it was something they were just testing rather than blindly adding to their services.

Tinder Surprise

Ripple is the marmite of the crypto coins.

lifeandtimes

Tinder Surprise wrote: »

Ripple is the marmite of the crypto coins.

There's is quite a following of hate with this coin, as is shown by the people on reddit

GreeBo

lifeandtimes wrote: »

There's a tax thread started that's pretty much moot. but if you aren't actually withdrawing it to fiat, I don't think you need to notify revenue until then

That's been shown to be incorrect multiple times on multiple threads. Please stop posting incorrect information.

Cgt is due anytime you sell a crypto currency, irrespective of what you sell it for.
XRP, USD, EUR, XVG, etc!

Dohnjoe

lifeandtimes wrote: »

On advice I got, there's a crypto trader I talk with in the US who has an extensive portfolio and last year he predicted XRP to reach 17/c by the end of last year and it did and more. He predicts 17 dollars by the end of the year. He bases it off Bradleys constant work to try and bring xrp the main stream by partnering with as many companies he can, the commumity that follow xrp and loads more etc.

He's not predicting, he's making a guess

Traders generally make (or lose) money along with hundreds/thousands of other traders by following the same general patterns as them


The market could be 10x bigger this time next year, it could be 10x smaller

benjamin d

GreeBo wrote: »

That's been shown to be incorrect multiple times on multiple threads. Please stop posting incorrect information.

Cgt is due anytime you sell a crypto currency, irrespective of what you sell it for.
XRP, USD, EUR, XVG, etc!

If it's not recognised as currency by government how is it due CGT? I might as well be swapping beanie babies for stamps according to the official line on cryptos, so are they talking out of both sides of their mouths here or what? Genuine question.

GreeBo

benjamin d wrote: »

If it's not recognised as currency by government how is it due CGT? I might as well be swapping beanie babies for stamps according to the official line on cryptos, so are they talking out of both sides of their mouths here or what? Genuine question.

It's an asset.

lifeandtimes

GreeBo wrote: »

It's an asset.

But is his beanie babies and stamps analogy still correct?

benjamin d

GreeBo wrote: »

It's an asset.

If it's regarded as valueless (technically, in a monetary sense) by the government then it doesnt become an asset until it's exchanged for fiat currency, no?

And paying CGT per transaction is surely paying tax on the same batch of fiat currency repeatedly, no?

I genuinely believe that as it stands now cryptos are no different to any other "collectable" in that there is no inherent value assigned to it officially other than that actually realised in a money-exchanging transaction.

I freely admit I have no idea what I'm talking about though.

seannash

99 Bortles of Beer wrote: »

That was common knowledge, though. As a matter of fact, it was in the sub-headline on the WSJ:



Anybody who read the article knew it was something they were just testing rather than blindly adding to their services.

Gotta be honest i am a fan of ripple and any article ive read never stated that it was a project funded by ripple.
Im not saying ripple hasnt got legs but i do believe the announcement with moneygram was a marketing strategy.
Every opportunity to say they funded a test case but failed to do so

millhouse

Does anyone see any end to the recent slump. Are we likely to see further decline or is there anything positive in the pipeline truth or rumour that may drive this up. Recent news doesn't instill confidence but what confidence can you ever have in crypto.