Considering Trump has 80% off the coins would this be an easy way for him to receive a massive Chinese bride to keep TikTok available in the states? Chinese pump billions into it allowing Trump's team to sell thus receiving the money 'legally'
Your local taximan will be pretty clueless for the most part when it comes to crypto, he might be able to sound off a couple of coins but that it.
For both, though maybe for different reasons, BTC being part of countries strategic reserves, and alts driven by lowering interest rates and QE, but whats good for BTC is good for alts, picking the major winners in alts is the trick part.
Thanks. I'll ask him tomorrow. See what he thinks. Good call
Are you seriously looking for investment advice for crypto? You may as well ask your local taxi man, he'll know as much as anyone.
Just jump in with what you can afford and enjoy the ride!
For bitcoin or for Alts do u think ?
And now his base. But it will be the deep state what done it.
yup, that's the funny part.
There'll be no legal fallout. Trump is president from tomorrow!
Bitcoin positioned nicely now to blast through ath from tomorrow, end the week/month 115-120 would set us up for an epic year
The legal fall out of this tanking will be funny
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?
Be careful, only 20% circulating. I’d be out before the inauguration. Still very high risk.
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.
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'm new here! So yeah! I'm very excited!
From a guy who bankrupts casinos and countries
@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.
It will be the best biggest and most beautiful rug pull.
At least it's made Solana rally.
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
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.
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
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.
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.
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.
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?
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.
The thing is though, if you borrow usdc against your btc then you don’t have to pay cgt
Same. I bought a small amount in Dec 2017 for .83.
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