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re: Official CryptoTalk Thread

Posted on 2/17/22 at 5:25 pm to
Posted by Origins of Asymmetry
Member since Feb 2022
724 posts
Posted on 2/17/22 at 5:25 pm to
quote:

XRP suit

Something I'm also following

It looks like a bargain right now if they win the suit (duh)
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/17/22 at 5:57 pm to
President Biden will issue a wide-ranging executive order on regulating crypto NEXT WEEK. Among the deats: The order will commission a study of a CBDC and ask Treasury along w other agencies to come up w a report on the future of money and payment systems. More coming.
This post was edited on 2/17/22 at 5:58 pm
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 2/17/22 at 6:48 pm to
So I get to pay taxes on tens of thousands of dollars on “income” reported on a 1099-Misc form for a value that is almost three times its current worth . All for an asset I never sold… Yay CeFi???
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 2/17/22 at 7:23 pm to
Wait what ? Where are you getting that from what rocket posted ?
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 2/17/22 at 8:10 pm to
Nothing to do with rocket. This is my current tax situation with these stupid crypto tax rules
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/17/22 at 8:11 pm to
Based on staking?
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 2/17/22 at 8:26 pm to
Based on lending in Celsius, BlockFi, etc
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 2/18/22 at 7:46 am to
I couldn't imagine you ogs doing all this manually
Posted by Origins of Asymmetry
Member since Feb 2022
724 posts
Posted on 2/18/22 at 5:35 pm to
Figured I'd drop this in here

XRP Whales on accumulation spree similar to 2020

quote:

A 76% spike in XRP "mega whale" addresses since December 2021 has been noted by analytics firm Santiment showing that they added a total of 897 million tokens, worth over $712 million as of Feb. 18, to their reserves.

The platform further highlighted that the XRP accumulation witnessed in the last three months was the second-largest in the coin's existence. The first massive accumulation took place in November–December 2020 that saw whales depositing a total of 1.29 billion XRP to their addresses.


For those of you in the XRP army
Posted by rtwfyou
Member since Dec 2019
4 posts
Posted on 2/19/22 at 9:51 am to
None of you baws ever talk about XMR in here. Anyone have any opinions on its potential value?
This post was edited on 2/19/22 at 10:38 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 2/19/22 at 10:06 am to
i like the ethos of monero but the circulating supply is unknown so it gives me hesitations as an investment
Posted by rtwfyou
Member since Dec 2019
4 posts
Posted on 2/19/22 at 10:36 am to
Yeah that is one of the only things that have given me pause but otherwise it’s pretty awesome tech.

Interesting to me that it hasn’t made more of a buzz with all the blocked trucker funds.
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 2/19/22 at 11:53 am to
What about zcash, isn't the zk narrative suppose to be next.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 2/20/22 at 12:51 pm to
sorry to pivot from the privacy coin discussion, but has anyone e had any experience using BISQ and would they like to share?
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 2/21/22 at 2:57 pm to
Terra decoupling?
Posted by Drank
Premium
Member since Dec 2012
10594 posts
Posted on 2/21/22 at 4:32 pm to
Welp.
Jasmy close to ruggin.
I was wrong. That was quick.
Posted by nuwaydawg
Member since Nov 2007
1929 posts
Posted on 2/21/22 at 5:17 pm to
I'm quoting a quote. Look above for the source.

A 76% spike in XRP "mega whale" addresses since December 2021 has been noted by analytics firm Santiment showing that they added a total of 897 million tokens, worth over $712 million as of Feb. 18, to their reserves.

The platform further highlighted that the XRP accumulation witnessed in the last three months was the second-largest in the coin's existence. The first massive accumulation took place in November–December 2020 that saw whales depositing a total of 1.29 billion XRP to their addresses.

I was buying some silver/gold bullion at my LCS (local coin seller) when the mailman started to talk about "Simpsons" prophecies.



A year ago he was explaining about "wallets" and decentralization and peer to peer transfers.

I'm not a financial genius, but I do question why an advocate of such valuable information is still delivering mail.

He may have millions in ETF's. Or he is just crazy and loud.
Posted by 21JumpStreet
Member since Jul 2012
14655 posts
Posted on 2/21/22 at 5:35 pm to
So if ripple goes public. What does that do to xrp? Still confusing to me.
Posted by nuwaydawg
Member since Nov 2007
1929 posts
Posted on 2/21/22 at 5:51 pm to
Who knows. There is a preponderance of those that only talk in acronyms...like we are idiots.

I used to read scientific studies that explained in the abstract what they were referring to. They abbreviated when they referenced them later.

Ross is the worst. He tries to make a point, but talks in Greek. If he wanted to influence or browbeet he does a poor job.
Posted by BottomlandBrew
Member since Aug 2010
27155 posts
Posted on 2/21/22 at 7:15 pm to
Don't feel bad. I'm in that boat with you. Thankfully just a very small amount.
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