Scratch that, it hit it already today lol.
XRP supposedly hit $3.84 on 4th Jan 2018 on one of the Korean exchanges. But the real ATH is misleading
That bitcoin hdd in a dump story is getting old. If that hdd is indeed in there and even if they find it I do not think it will be in a state that will allow to recover anything other than 20c worth of aluminium and some neodymium magnets.
I was given free XRP when it started don’t even remember where I spent it, oh well
Anyways BTC up above $102k again
He's completely consumed by it. Ruined his life he says. He doesn't seem to understand he would have sold it all well before it was worth 1 million. He is one of those characters who would be complaining about how his life is ruined because he sold it too soon. Guy needs a doctor.
https://www.coinbase.com/blog/now-get-a-USDC-loan-without-selling-your-bitcoin
not this lending stuff again, have 100 squid (at todays rate) stuck in Celsius meltdown still to reimbursed
I think I've seen this film before, and I didn't like the ending
I had a good think about buying XRP when it was about €0.02, but decided not to.
I saw that yesterday. They send you margin call warnings if the LTV gets too low, before they liquidate your bitcoin, basically, you have a highly leveraged bitcoin play and they are calling it a 'LoAN'. Can't beat a good scam
Bought some XRP in May 2017 at around 10c, but just a small amount, still have most of it left. If someone bought in Jan that year and sold in Dec they would have pulled nearly 500x.
Same. I bought a small amount in Dec 2017 for .83.
The thing is though, if you borrow usdc against your btc then you don’t have to pay cgt
It will be a taxable event though. They take your btc and exchange it for cbBtc before they send it to their third party banker.
Is that taxable though, I’m not converting the BTC, I just put up the BTC, surely what they then do with he BTC is on them, I guess it depends on the details, if they say I have to convert my BTC to cbBTC and that’s a taxable event and that is the same as selling whatever BTC I put up, then who on earth would do this?
The XRP pump is just driven by the SEC narrative. The project hasn’t developed much in all that time. It has low transactions and low tps which are the lifeblood of sustainably.
Ha, a lot more factors involved than just the SEC narrative. The news of the appeal did very little to change the price anyway. It also had the addition of meme coins last year and that definitely increased interest, as well as partnerships made all around the word with banks despite the ongoing law suit. All I'm concerned about is price, I have no belief in the "flip the switch" narrative there xrp will take over everything but it will have a role. It's also not just xrp that's pumping and soon loads of alts will have their day.
It pretty much missed the entire 2021 bull due to the SEC stuff, so a fair bit of this rise is the perception of "it's due" (i.e. would have gone up to this level in the 21 bull if not for the SEC)
Plus its XRP which was one of the star alts of 2017, plus it "looks cheap" compared to BTC and Eth, plus it hasn't completely died.
As long as it plays the game, forms generic partnerships and keeps looking like "it's doing something", there's no reason for people not to gamble on it. That said if this current rise does take a turn then I'd expect it to drop quite sharply.
xrp is benefitting from the narrative shift of the us changing from choking crypto to becoming leaders, no cgt on US founding cryptos would be massive
Looks like the incoming US president just launched a meme crypto where one person owns 80% of supply. It's already at 6 billion and climbing.
Rotten country. No saving it now.
https://economictimes.indiatimes.com/news/international/global-trends/trump-coin-dominates-crypto-scene-with-explosive-14-5-billion-debut/articleshow/117357561.cms?from=mdr
At least it's made Solana rally.
It will be the best biggest and most beautiful rug pull.
@erlichbachman It may or may not be a taxable event. What definitely will be is when they liquidate your holding to pay off your loan early. Bitcoin gone, the loan already spent on your new kitchen, and potential tax bill to boot! Outrageous risk!
Good idea in principle but only if you're playing with your companies money.
From a guy who bankrupts casinos and countries
I'm new here! So yeah! I'm very excited!
Just sacrificed 2 of my prized Solanas onto official Trump at $68. A lot of silly money going into unofficial Musk and Barron coins that have popped up. I think they will find their way back into the Trump coin soon enough.
I’d rather leave the money in BTC than buy a new kitchen or any depreciating asset, it works if the money borrowed can make more money, not that difficult in a bull market, if the borrowed money can generate cash then that’s what purchases the kitchens and cars.
Be careful, only 20% circulating. I’d be out before the inauguration. Still very high risk.
Yes, purely a taking part in the madness for the fun of it. I would be concerned for the crypto market on whole if this dumps hard tomorrow. At least in the short term.
I wonder what will happen solana price if it gets dumped?
The legal fall out of this tanking will be funny
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