OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

[GiannisAnte34]

Right now is a great time to get into crypto, although it is possible it could go even lower. My suggestion is if you do, go for tokens that either deal with interoperability or one's that will be used as settlement tokens for cross border payments. Also, as should be evident, do not keep anything on the exchanges, put them into a wallet

XRP will see a huge bump if/when they win their SEC case

[BUCKnation]

I will say they're still probably overvalued but in argument for Tesla, they are basically the only successful electric car company and their charging infrastructure is pretty insane. Other companies are still catching up. They were the first to do self driving so there is a tech aspect you are investing in as well, especially when considering their solar panels. Elon's presence has helped to pump them for sure, but until recently, they were apple-esque when it came to just killing their earnings reports.

[thonnisbeastley]

Right now is a great time to get into crypto, although it is possible it could go even lower. My suggestion is if you do, go for tokens that either deal with interoperability or one's that will be used as settlement tokens for cross border payments. Also, as should be evident, do not keep anything on the exchanges, put them into a wallet

XRP will see a huge bump if/when they win their SEC case

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

[Matches Malone]

Read on Twitter

[GiannisAnte34]

Right now is a great time to get into crypto, although it is possible it could go even lower. My suggestion is if you do, go for tokens that either deal with interoperability or one's that will be used as settlement tokens for cross border payments. Also, as should be evident, do not keep anything on the exchanges, put them into a wallet

XRP will see a huge bump if/when they win their SEC case

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

[sidney lanier]

XRP will see a huge bump if/when they win their SEC case

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:

1. From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.

2. Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.

3. Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.

4. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

339. Much of the onboarding onto ODL was not organic or market-driven. Rather, it was subsidized by Ripple. Though Ripple touts ODL as a cheaper alternative to traditional payment rails, at least one money transmitter (the “Money Transmitter”) found it to be much more expensive and therefore not a product it wished to use without significant compensation from Ripple.

340. Between early 2019 and July 2020, the “Money Transmitter” conducted the overwhelming majority of XRP trading volume in connection with ODL. Ripple had to pay the Money Transmitter significant financial compensation—often paid in XRP—in exchange for the Money Transmitter’s agreement to help Ripple increase volume on ODL.

341. Specifically, from 2019 through June 2020, Ripple paid the Money Transmitter 200 million XRP, which the Money Transmitter immediately monetized by selling XRP into the public market, typically on the very days it received XRP from Ripple. The Money Transmitter publicly disclosed earning over $52 million in fees and incentives from Ripple through September 2020.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

[thonnisbeastley]

XRP will see a huge bump if/when they win their SEC case

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

I mean that was the talking point, but with Swift and other major networks already in the process of switching over to ISO20022 that puts a huge damper on XRP ever replacing them. There's also the fact that XRP is a centralized network which defeats the purpose of defi, and has a 100 billion supply of tokens with only 50% in circulation. As an investment, it's never going to see a monumental rise from it's current price to a stable $1000 like ETH or Bitcoin, or even $100, or even $50. It might reach $10 in 10 years if it wins its lawsuit and continues to add a few banks here and there. $20 in a good bull run.

[GiannisAnte34]

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:

1. From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.

2. Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.

3. Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.

4. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

339. Much of the onboarding onto ODL was not organic or market-driven. Rather, it was subsidized by Ripple. Though Ripple touts ODL as a cheaper alternative to traditional payment rails, at least one money transmitter (the “Money Transmitter”) found it to be much more expensive and therefore not a product it wished to use without significant compensation from Ripple.

340. Between early 2019 and July 2020, the “Money Transmitter” conducted the overwhelming majority of XRP trading volume in connection with ODL. Ripple had to pay the Money Transmitter significant financial compensation—often paid in XRP—in exchange for the Money Transmitter’s agreement to help Ripple increase volume on ODL.

341. Specifically, from 2019 through June 2020, Ripple paid the Money Transmitter 200 million XRP, which the Money Transmitter immediately monetized by selling XRP into the public market, typically on the very days it received XRP from Ripple. The Money Transmitter publicly disclosed earning over $52 million in fees and incentives from Ripple through September 2020.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

XRP is basically a meme at this point, akin to doge/shib. It may see a bump if they win their lawsuit but it has no long-term future in the space.

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:

1. From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.

2. Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.

3. Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.

4. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

339. Much of the onboarding onto ODL was not organic or market-driven. Rather, it was subsidized by Ripple. Though Ripple touts ODL as a cheaper alternative to traditional payment rails, at least one money transmitter (the “Money Transmitter”) found it to be much more expensive and therefore not a product it wished to use without significant compensation from Ripple.

340. Between early 2019 and July 2020, the “Money Transmitter” conducted the overwhelming majority of XRP trading volume in connection with ODL. Ripple had to pay the Money Transmitter significant financial compensation—often paid in XRP—in exchange for the Money Transmitter’s agreement to help Ripple increase volume on ODL.

341. Specifically, from 2019 through June 2020, Ripple paid the Money Transmitter 200 million XRP, which the Money Transmitter immediately monetized by selling XRP into the public market, typically on the very days it received XRP from Ripple. The Money Transmitter publicly disclosed earning over $52 million in fees and incentives from Ripple through September 2020.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

XRP is a commodity, not a security. Acting like the SEC is some protector for the common man is a laugh riot.. good one. XRP is in escrow and cannot just be unleashed by Brad at his leisure. If XRP is a total sham as you say it is, then why are banks implementing its network and why is Ripple on the board of ISO20022 hoping that it goes through?. Acting like ISO20022 goes AGAINST what Ripple/XRP is trying to accomplish is truly ignorant and quite frankly I'm laughing hysterically at. How many crypto projects out there actually WANT ISO20022 to have an influence in the market? Most of them don't because they want to operate without traditional banking or government as key actors. ISO20022 will fundamentally strengthen Ripple/XRP and they stand to get in early... this is a catalyst that is arguably stronger than the merge for Ethereum.

[thonnisbeastley]

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:

1. From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.

2. Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.

3. Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.

4. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

339. Much of the onboarding onto ODL was not organic or market-driven. Rather, it was subsidized by Ripple. Though Ripple touts ODL as a cheaper alternative to traditional payment rails, at least one money transmitter (the “Money Transmitter”) found it to be much more expensive and therefore not a product it wished to use without significant compensation from Ripple.

340. Between early 2019 and July 2020, the “Money Transmitter” conducted the overwhelming majority of XRP trading volume in connection with ODL. Ripple had to pay the Money Transmitter significant financial compensation—often paid in XRP—in exchange for the Money Transmitter’s agreement to help Ripple increase volume on ODL.

341. Specifically, from 2019 through June 2020, Ripple paid the Money Transmitter 200 million XRP, which the Money Transmitter immediately monetized by selling XRP into the public market, typically on the very days it received XRP from Ripple. The Money Transmitter publicly disclosed earning over $52 million in fees and incentives from Ripple through September 2020.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

You're talking absolute nonsense. Ripple has a legitimate chance of replacing SWIFT because XRP is faster and cheaper for cross border payments. I mean you must be ignorant to the fact that XRP has already demonstrated large institutional adoption (not only exchanges as an offering for clients, but banks using Ripple network)

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:

1. From at least 2013 through the present, Defendants sold over 14.6 billion units of a digital asset security called “XRP,” in return for cash or other consideration worth over $1.38 billion U.S. Dollars (“USD”), to fund Ripple’s operations and enrich Larsen and Garlinghouse. Defendants undertook this distribution without registering their offers and sales of XRP with the SEC as required by the federal securities laws, and no exemption from this requirement applied.

2. Because Ripple never filed a registration statement, it never provided investors with the material information that every year hundreds of other issuers include in such statements when soliciting public investment. Instead, Ripple created an information vacuum such that Ripple and the two insiders with the most control over it—Larsen and Garlinghouse—could sell XRP into a market that possessed only the information Defendants chose to share about Ripple and XRP.

3. Ripple engaged in this illegal securities offering from 2013 to the present, even though Ripple received legal advice as early as 2012 that under certain circumstances XRP could be considered an “investment contract” and therefore a security under the federal securities laws.

4. Ripple and Larsen ignored this advice and instead elected to assume the risk of initiating a large-scale distribution of XRP without registration.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

339. Much of the onboarding onto ODL was not organic or market-driven. Rather, it was subsidized by Ripple. Though Ripple touts ODL as a cheaper alternative to traditional payment rails, at least one money transmitter (the “Money Transmitter”) found it to be much more expensive and therefore not a product it wished to use without significant compensation from Ripple.

340. Between early 2019 and July 2020, the “Money Transmitter” conducted the overwhelming majority of XRP trading volume in connection with ODL. Ripple had to pay the Money Transmitter significant financial compensation—often paid in XRP—in exchange for the Money Transmitter’s agreement to help Ripple increase volume on ODL.

341. Specifically, from 2019 through June 2020, Ripple paid the Money Transmitter 200 million XRP, which the Money Transmitter immediately monetized by selling XRP into the public market, typically on the very days it received XRP from Ripple. The Money Transmitter publicly disclosed earning over $52 million in fees and incentives from Ripple through September 2020.

https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

XRP is a commodity, not a security. Acting like the SEC is some protector for the common man is a laugh riot.. good one. XRP is in escrow and cannot just be unleashed by Brad at his leisure. If XRP is a total sham as you say it is, then why are banks implementing its network and why is Ripple on the board of ISO20022 hoping that it goes through?. Acting like ISO20022 goes AGAINST what Ripple/XRP is trying to accomplish is truly ignorant and quite frankly I'm laughing hysterically at. How many crypto projects out there actually WANT ISO20022 to have an influence in the market? Most of them don't because they want to operate without traditional banking or government as key actors. ISO20022 will fundamentally strengthen Ripple/XRP and they stand to get in early... this is a catalyst that is arguably stronger than the merge for Ethereum.

I'm sorry sir, but you are a delusional XRP maxi. XRP will never replace SWIFT(currently transitioning to ISO20022, which if that helps Ripple become stronger, how would it replace SWIFT?) Nothing XRP does, or will do, will ever create more value than Ethereum. XRP will never be worth more than $10. Not sure if you're a maxi for the tech, or if your bags are packed with 10,000 XRP you bought at $2.50 thinking it would skyrocket and you continue to hold on to these delusions because of that fact.

[GiannisAnte34]

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:



Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

These crypto-mongers are so entitled. Here's a guy selling what the SEC accurately characterizes as an unregulated security (since he decides when and how much to release), and he feigns indignation. I hope they throw the book at him.

Read on Twitter

Part of the SEC complaint:



Note to investors in crypto or anything else: the SEC is your friend and is there to protect you. Those who find it too constricting are usually crooks.

Edit:

I should just let this go. If people want to sell the family cow for a few magic beans and believe in beanstalks, that's their business. But when the "absolute nonsense" card is played in defense of absolute nonsense, I guess it should be pointed out.

The idea that this stuff was developed to make cross-border transfers better-faster-cheaper is a lie. You have to tie a pork chop around its neck to get the dog to play with it. The profiteers running this scam cast about for utility for XRP to enhance sales and hit upon this slick ruse:

XRP is a commodity, not a security. Acting like the SEC is some protector for the common man is a laugh riot.. good one. XRP is in escrow and cannot just be unleashed by Brad at his leisure. If XRP is a total sham as you say it is, then why are banks implementing its network and why is Ripple on the board of ISO20022 hoping that it goes through?. Acting like ISO20022 goes AGAINST what Ripple/XRP is trying to accomplish is truly ignorant and quite frankly I'm laughing hysterically at. How many crypto projects out there actually WANT ISO20022 to have an influence in the market? Most of them don't because they want to operate without traditional banking or government as key actors. ISO20022 will fundamentally strengthen Ripple/XRP and they stand to get in early... this is a catalyst that is arguably stronger than the merge for Ethereum.

I'm sorry sir, but you are a delusional XRP maxi. XRP will never replace SWIFT(currently transitioning to ISO20022, which if that helps Ripple become stronger, how would it replace SWIFT?) Nothing XRP does, or will do, will ever create more value than Ethereum. XRP will never be worth more than $10. Not sure if you're a maxi for the tech, or if your bags are packed with 10,000 XRP you bought at $2.50 thinking it would skyrocket and you continue to hold on to these delusions because of that fact.

I own exactly 0 XRP. XRP is the largest crypto ISO20022 compliant and sits on its board. SEC will not win its case against Ripple XRP because it is not a security, it is a commodity. The delusional one here is you, and ironically its because you are evidently an Ethereum maxi.

[chonestown]

The "everything is fine" meme except there's an additional argument on the exact definition of "fine."

[thonnisbeastley]

XRP is a commodity, not a security. Acting like the SEC is some protector for the common man is a laugh riot.. good one. XRP is in escrow and cannot just be unleashed by Brad at his leisure. If XRP is a total sham as you say it is, then why are banks implementing its network and why is Ripple on the board of ISO20022 hoping that it goes through?. Acting like ISO20022 goes AGAINST what Ripple/XRP is trying to accomplish is truly ignorant and quite frankly I'm laughing hysterically at. How many crypto projects out there actually WANT ISO20022 to have an influence in the market? Most of them don't because they want to operate without traditional banking or government as key actors. ISO20022 will fundamentally strengthen Ripple/XRP and they stand to get in early... this is a catalyst that is arguably stronger than the merge for Ethereum.

I'm sorry sir, but you are a delusional XRP maxi. XRP will never replace SWIFT(currently transitioning to ISO20022, which if that helps Ripple become stronger, how would it replace SWIFT?) Nothing XRP does, or will do, will ever create more value than Ethereum. XRP will never be worth more than $10. Not sure if you're a maxi for the tech, or if your bags are packed with 10,000 XRP you bought at $2.50 thinking it would skyrocket and you continue to hold on to these delusions because of that fact.

I own exactly 0 XRP. XRP is the largest crypto ISO20022 compliant and sits on its board. SEC will not win its case against Ripple XRP because it is not a security, it is a commodity. The delusional one here is you, and ironically its because you are evidently an Ethereum maxi.

Crazy how defensive you are about something you claim to own 0 of. I'm not an Ethereum maxi, but if I were, I'd be in a much better position than the XRP Army lmao...good luck to you sir.

[chonestown]

The dude's name is Bankman which is a bit on the nose if you ask me.

[SupremeHustle]

Everything happening in crypto right now is friggin wild. Wilder than any of that WeWork or Elizabeth Holmes stuff. I lost a decent chunk on Solana, but who knows, maybe it comes back!

That said, I still think Cardano (ADA) has a future. At least the idea of it.

[Stannis]

I always traded/invested Crypto as an asset class. It was never more than 10% of my portfolio. But I sold several months ago (I think when BTC was around 25k).

Everyone telling me to take it off Centralized Exchanges is a big turnoff for me. And I'm not sure if I will ever re-enter unless it gets crazy low again (like 5k BTC, 200 ETH like the old days).

Storing in a cold wallet, likely having to insure it if it's a large amount, worried about losing keys/wallets breaking etc.... this sounds like a lot of work and stress to be honest. At this point, I rather buy gold/silver coins if I am going to go through the trouble of something physical in case FIAT currency is ever deemed worthless.

[jschligs]

I always traded/invested Crypto as an asset class. It was never more than 10% of my portfolio. But I sold several months ago (I think when BTC was around 25k).

Everyone telling me to take it off Centralized Exchanges is a big turnoff for me. And I'm not sure if I will ever re-enter unless it gets crazy low again (like 5k BTC, 200 ETH like the old days).

Storing in a cold wallet, likely having to insure it if it's a large amount, worried about losing keys/wallets breaking etc.... this sounds like a lot of work and stress to be honest. At this point, I rather buy gold/silver coins if I am going to go through the trouble of something physical in case FIAT currency is ever deemed worthless.

Same here but I exited when BTC was about $32k. Haven't looked back and quite honestly, I am glad I'm out of it.

[Stannis]

I always traded/invested Crypto as an asset class. It was never more than 10% of my portfolio. But I sold several months ago (I think when BTC was around 25k).

Everyone telling me to take it off Centralized Exchanges is a big turnoff for me. And I'm not sure if I will ever re-enter unless it gets crazy low again (like 5k BTC, 200 ETH like the old days).

Storing in a cold wallet, likely having to insure it if it's a large amount, worried about losing keys/wallets breaking etc.... this sounds like a lot of work and stress to be honest. At this point, I rather buy gold/silver coins if I am going to go through the trouble of something physical in case FIAT currency is ever deemed worthless.

Same here but I exited when BTC was about $32k. Haven't looked back and quite honestly, I am glad I'm out of it.

Why did you sell?

For me, it was just like I said. If I can't just hold it in a exchange like Coinbase, it's way too much work. And I don't trust myself to hold it. I can see myself losing a key/wallet. Also, if it's this annoying to just "physically" hold Crypto, I image crypto transactions are just as annoying.

I probably wouldn't hold stocks either if I had to hold physical stock certificates like the old days lol.

[sidney lanier]

Acting like the SEC is some protector for the common man is a laugh riot.. good one.

You and Elon Musk are totally aligned in this opinion, although he expresses himself more colorfully, even though he denies it when under oath in court.

At a time when Tesla shares were on a massive upswing, Musk had written in a tweet on July 2, 2020: “SEC, three letter acronym, middle word is Elon’s.” The message was widely read as having a vulgar meaning and comprising a major insult to the agency.

On Wednesday in the Delaware court, attorneys asked him about this tweet and Musk claimed it had been widely misunderstood. The Tesla CEO said in court that he meant the initials to stand for “Save Elon’s Company” but the tweet was “interpreted differently.”

https://www.cnbc.com/2022/11/16/elon-musk-says-he-doesnt-want-to-be-a-ceo-walks-back-sec-insults.html

[chonestown]

Acting like the SEC is some protector for the common man is a laugh riot.. good one.

You and Elon Musk are totally aligned in this opinion, although he expresses himself more colorfully, even though he denies it when under oath in court.

At a time when Tesla shares were on a massive upswing, Musk had written in a tweet on July 2, 2020: “SEC, three letter acronym, middle word is Elon’s.” The message was widely read as having a vulgar meaning and comprising a major insult to the agency.

On Wednesday in the Delaware court, attorneys asked him about this tweet and Musk claimed it had been widely misunderstood. The Tesla CEO said in court that he meant the initials to stand for “Save Elon’s Company” but the tweet was “interpreted differently.”

https://www.cnbc.com/2022/11/16/elon-musk-says-he-doesnt-want-to-be-a-ceo-walks-back-sec-insults.html

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[ReasonablySober]

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