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re: Official CryptoTalk Thread

Posted on 12/22/20 at 10:31 am to
Posted by cgrand
HAMMOND
Member since Oct 2009
47133 posts
Posted on 12/22/20 at 10:31 am to
quote:

Ripple says it will be sued by the SEC over the alleged sale of unlicensed securities. This development has respawned the debate on whether XRP, a digital token associated with Ripple, is a security or a currency. If XRP is traded like a share or stock, i.e. as a security, it must be registered with the US Securities and Exchange Commission, according to Fortune. Ripple's CEO Brad Garlinghouse said his company "will continue to use XRP because it is the best digital asset for payments". XRP is currently the third most valuable cryptocurrency, with a market cap of about $22 billion.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/22/20 at 10:34 am to
Aaaawww snap
Posted by jmcwhrter
Member since Nov 2012
7776 posts
Posted on 12/22/20 at 10:36 am to
What's the reasoning for singling out XRP in this case?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/22/20 at 10:40 am to
SEC has it out for tigermike
Posted by jmcwhrter
Member since Nov 2012
7776 posts
Posted on 12/22/20 at 10:47 am to
think he said he had XRP pegged for the 2027 bullrun anyway..

but I'm wondering what XRP does that makes them specifically a target for the security debate
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/22/20 at 11:10 am to
That is part of the shake out! That will be done quickly!
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 12/22/20 at 12:00 pm to
Some Eth, Uni, Sushi, ...


....


And EOS :/


Oh and some Doge
This post was edited on 12/22/20 at 12:02 pm
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5537 posts
Posted on 12/22/20 at 5:13 pm to
quote:

What's the reasoning for singling out XRP in this case?


quote:

XRP is different from Bitcoin and Ethereum in that the latter two currencies are minted in a gradual, ongoing process called mining. By contrast, Larsen and others created 100 billion units of XRP in one fell swoop in 2012 for a company called Ripple Labs. While Ripple continues to own the lion’s share of XRP, the bulk of its treasury is held in reserve, to be sold in scheduled allotments. Garlinghouse and Larsen also each own a significant amount of XRP. This arrangement has led some observers to view XRP as more akin to a company’s stock than a currency.


Fortune.com

I'm convinced that some of the XRP superfans on social media are paid to promote it.
This post was edited on 12/22/20 at 5:15 pm
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 12/22/20 at 5:43 pm to
I honestly feel bad for our resident shill. Sunk all that money in and has a family.

Can’t put more money in this stuff than you can stomach losing. Reminder that taking profits is never wrong
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/22/20 at 6:02 pm to
The banks want all the XRP! Major shake out! Price will surprise you soon
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 12/22/20 at 6:13 pm to
Don’t stop believin’
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
13432 posts
Posted on 12/22/20 at 6:26 pm to
quote:

I honestly feel bad for our resident shill. Sunk all that money in and has a family.

He could sell right now and still realize a lot of profit. Instead he’s going to double down while this shite grinds towards 0. In a few weeks he won’t even have access to exit liquidity without going to some foreign exchange.
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/22/20 at 7:20 pm to
Remember this next month! We will be well over 1$ for sure
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5537 posts
Posted on 12/22/20 at 7:29 pm to
quote:

Remember this next month! We will be well over 1$ for sure


Well, at least you've lowered your expectations.
This post was edited on 12/22/20 at 7:33 pm
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 12/22/20 at 7:30 pm to
quote:

tigermike2004


Posted by eng08
Member since Jan 2013
5998 posts
Posted on 12/22/20 at 7:37 pm to
quote:

We will be well over 1$ for sure


Where’d the other zeros go?
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/22/20 at 11:35 pm to
It will have zeros also! Watch the show as it unfolds! The IMF actually wants XRP from Ripple for world bridge! I think Ripple will give in! Actually this will help everyone out! XRP will provide liquidity also! Soon all of you will see!The world is 1 big show!Have a great night! Everything is perfect for buy opportunity!
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/22/20 at 11:37 pm to
I will ride my ship like they did the titanic! I go down if my ship does! I'm happy
Posted by tigermike2004
Member since Dec 2018
553 posts
Posted on 12/23/20 at 12:55 am to
I'm not 6 figure no more and missing some arse! It'll be ok! Make it back if XRP and XLM get the minds right! Xrp is wanted by a few people and they will do whatever to get it!And I think they will quickly
Posted by jmcwhrter
Member since Nov 2012
7776 posts
Posted on 12/23/20 at 4:31 am to
Small exchanges suspending trading on it .. that will be the scare today

Even the strongest hands will let go when faced with the choice of NEVER selling it
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