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The XRP Investor Thread

 
BLACK GHOST

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12/03/2021 10:18 AM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


I jumped in and exchanged 100 XRP for 77 SOLO a few weeks ago, with the intention to get the airdrop.

But I know it will tank immediately after, or even right before, so I'm out.

Just traded back my 77 SOLO for 500 XRP. Feels good.
 Quoting: BLACK GHOST


You pulled out way too early. That's like fucking a chick from behind and then spending the next 30 minutes jerking off on her back.

Just kidding bro. Lol. That's a good score.
 Quoting: Abe Froman


LOL. I've lost more than that trading shitcoins, I've learned my lesson.
"We demolish arguments and every pretension that sets itself up against the knowledge of God, and we take captive every thought to make it obedient to Christ."
Anonymous Coward
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12/03/2021 11:08 AM
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Re: The XRP Investor Thread
warning eToro exchange keeps customers S G B songbird tokens, tried to link a picture but it got deleted off here

it's on reddit now
 Quoting: Anonymous Coward 81146971


Etoro is one of many sadly...

Anonymous Coward
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12/03/2021 11:09 AM
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Re: The XRP Investor Thread
 Quoting: Edmond Dantès


This is a good move by him. Saves some face.
Anonymous Coward
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12/03/2021 11:12 AM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
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12/03/2021 11:15 AM
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Re: The XRP Investor Thread
Anonymous Coward
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12/03/2021 11:22 AM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


Please explain why you think SOLO is a tax trap? : /
Anonymous Coward
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12/03/2021 11:31 AM
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Look who I found haha.
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12/03/2021 11:31 AM
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Re: The XRP Investor Thread
AxX

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12/03/2021 11:38 AM

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Re: The XRP Investor Thread
Real quick: XQuake (XQK)

I got AD 440k on 11/9.
Then another 235k on 11/27.

They posted:


At first, I paid $20 (20 XRP) to get another 325k XQK to bring me to 1mln.

But if I buy another 2mln to bring me to 3mln, they will AD another 2mln.

I did it and spent another $150 to get 2mln more.

On 12/12, they will give me 2mln more and I convert all 6mln back into XRP.

It's not thousands, but an easy way to double $150
1dunno1
Energy flows where focus goes.

[25/77/22]

Rev 3:9 <-- Wonder who these guys are?

“The future’s uncertain and The End is always near!” - Jim Morrison, 1970
AxX

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12/03/2021 11:44 AM

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Re: The XRP Investor Thread

wtfdid

This is a HUUUUUUUUUGEEEE fuck you to Coinbase!

Loving FlareFinance more and more each day

fuckyeah5
dance
party
Energy flows where focus goes.

[25/77/22]

Rev 3:9 <-- Wonder who these guys are?

“The future’s uncertain and The End is always near!” - Jim Morrison, 1970
Wuher

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12/03/2021 12:33 PM
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Re: The XRP Investor Thread
I’ve been trying to move xrp off my solo wallet for 3 days now. With the xrpl having issues the solo wallet will not process a transaction with the low fee schedule, there is no option to increase it and the solo dev team must have left town after cashing out because they aren’t responding to inquiries about it.

Within hours, Xumm had a fee option allowing users to select a higher fee schedule and the transactions would go through.

Solo fixed the fee issue on the DEX if you are trading, but not for wallet to wallet transfers. They can’t blame the ledger for what’s happening on their wallet. This is very poor handling of this issue and makes me leery of how they’ll perform in the future and sours my opinion of the solo brand.

Too bad! The wallet is a nice interface with the DEX but I’ve lost confidence in it at this point.

Last Edited by Wuher on 12/03/2021 12:34 PM
Signature on file.
Anonymous Coward
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12/03/2021 12:52 PM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
 Quoting: Luminous Epinoia


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
Anonymous Coward
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12/03/2021 12:57 PM
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Re: The XRP Investor Thread
There is potential for the price of solo to stay up into Jan if we are indeed heading into the crescendo of the bull run.

book


- - - - - -
Anonymous Coward
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12/03/2021 12:59 PM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
 Quoting: Luminous Epinoia


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
 Quoting: BIG.BILL


How would you have a high tax bill on coins that crashed in value? If SOLO crashed to 0 on 1/20/2022 for instance, what taxes would you have to pay?
Anonymous Coward
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12/03/2021 01:04 PM
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...


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
 Quoting: Luminous Epinoia


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
 Quoting: BIG.BILL


How would you have a high tax bill on coins that crashed in value? If SOLO crashed to 0 on 1/20/2022 for instance, what taxes would you have to pay?
 Quoting: Anonymous Coward 80980509


[link to www.irs.gov (secure)]

You get taxed on the value of the coin on the day you can assume control of it. So it it’s $5 on that day, and you take possession, and then it crashes as people sell off their airdrop, you’re still on the hook for taxes on the $5 value.

book


- - - - - -
Anonymous Coward
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12/03/2021 01:17 PM
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...


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
 Quoting: Luminous Epinoia


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
 Quoting: BIG.BILL


How would you have a high tax bill on coins that crashed in value? If SOLO crashed to 0 on 1/20/2022 for instance, what taxes would you have to pay?
 Quoting: Anonymous Coward 80980509


[link to www.irs.gov (secure)]

You get taxed on the value of the coin on the day you can assume control of it. So it it’s $5 on that day, and you take possession, and then it crashes as people sell off their airdrop, you’re still on the hook for taxes on the $5 value.

book


- - - - - -
 Quoting: BIG.BILL


The CFR pertains to agencies of the federal government. It is not even positive law. Are you an agency of the federal government?

The Code of Federal Regulations (CFR) is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. It is divided into 50 titles that represent broad areas subject to Federal regulation.
Anonymous Coward
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12/03/2021 01:24 PM
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Re: The XRP Investor Thread

wtfdid

This is a HUUUUUUUUUGEEEE fuck you to Coinbase!

Loving FlareFinance more and more each day

fuckyeah5
dance
:party:
 Quoting: AxX


I seriously wonder if these criminal exchanges thought they were going to get the ExFi and keep it too. So ridiculous!
Vision Thing

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12/03/2021 01:26 PM

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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


Would love if you wanted to elaborate on SOLO airdrop as a tax trap.

I'm just thinking about it in a cursory way here but since the airdrop of tokens isn't until January 2022 there would be no tax liability due for that until 2023?

We'll probably have many tax issues by then, with any luck. XRPLion1 on Twitter has been writing about imminent tax liabilities for XRP holders, apparently he worked as a tax professional with high end clients for a decades long career. if you check his twitter account and his youtube channel he has most recently been posting about tax help for XRP holders.

Anyway he is suspicious of the SOLO airdrop too, perhaps for different reasons: [link to twitter.com (secure)]

Vision Thing

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12/03/2021 01:28 PM

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Re: The XRP Investor Thread
I jumped in and exchanged 100 XRP for 77 SOLO a few weeks ago, with the intention to get the airdrop.

But I know it will tank immediately after, or even right before, so I'm out.

Just traded back my 77 SOLO for 500 XRP. Feels good.
 Quoting: BLACK GHOST


I think that was a good move!
Anonymous Coward
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12/03/2021 01:30 PM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


You can partake risk free so there's no worry there. I personally don't see the risk but to each their own, I for sure understand.
 Quoting: Luminous Epinoia


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
 Quoting: BIG.BILL


I gotcha now. Well I'll be honest. I've flipped my XRP bag a couple times in the past, but only into stablecoins and then back to XRP. However the lawsuit isn't going to end in December imo which gave me the inclination that I would be safe to do so. I've 3xed my bag again so I feel good a out that.

Now something I've been thinking about a lot is the crash before the snapshot just like what happened with Flare. I'm right now considering flipping my Solo back into XRP the day before to avoid the crash. Then maybe ten minutes before the snapshot flipping back to Solo, then back to XRP right after. Of course this is entirely dependent on the ledger being patched up within three weeks.

I do hear what you are saying in regards to taxes and also why this would freak you out. It's not for everyone and there certainly is inherent risk in it. I appreciate yours and everyone's opinions here as everyone sees things a bit different than the others. That's a good thing (:
Anonymous Coward
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12/03/2021 01:31 PM
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Re: The XRP Investor Thread
There is potential for the price of solo to stay up into Jan if we are indeed heading into the crescendo of the bull run.

book


- - - - - -
 Quoting: BIG.BILL


Even if there was a large bull run, Solo is going to crash super hard imo and will take months if not a year or two to rebuild. I'm still not sold on whether the bull run is happening or not but time will tell!
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12/03/2021 01:33 PM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


Would love if you wanted to elaborate on SOLO airdrop as a tax trap.

I'm just thinking about it in a cursory way here but since the airdrop of tokens isn't until January 2022 there would be no tax liability due for that until 2023?

We'll probably have many tax issues by then, with any luck. XRPLion1 on Twitter has been writing about imminent tax liabilities for XRP holders, apparently he worked as a tax professional with high end clients for a decades long career. if you check his twitter account and his youtube channel he has most recently been posting about tax help for XRP holders.

Anyway he is suspicious of the SOLO airdrop too, perhaps for different reasons: [link to twitter.com (secure)]


 Quoting: Vision Thing


I have read others who share his sentiment. I understand what he's saying but if you can flip back into XRP in the matter of seconds, I struggle to see where the distance is.
Vision Thing

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12/03/2021 01:34 PM

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Re: The XRP Investor Thread
I’ve been trying to move xrp off my solo wallet for 3 days now. With the xrpl having issues the solo wallet will not process a transaction with the low fee schedule, there is no option to increase it and the solo dev team must have left town after cashing out because they aren’t responding to inquiries about it.

Within hours, Xumm had a fee option allowing users to select a higher fee schedule and the transactions would go through.

Solo fixed the fee issue on the DEX if you are trading, but not for wallet to wallet transfers. They can’t blame the ledger for what’s happening on their wallet. This is very poor handling of this issue and makes me leery of how they’ll perform in the future and sours my opinion of the solo brand.

Too bad! The wallet is a nice interface with the DEX but I’ve lost confidence in it at this point.
 Quoting: Wuher


Thank you for the report, I created a SOLO wallet but haven't activated it yet (at least I don't think I did).

The idea of transferring my XRP holdings from Atomic and Exodus to XUMM and SOLO wallets for the airdrop, is doing nothing for me. It seems like a bad move, or at least one I should think through seriously before doing.
Vision Thing

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12/03/2021 01:39 PM

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Re: The XRP Investor Thread
I have read others who share his sentiment. I understand what he's saying but if you can flip back into XRP in the matter of seconds, I struggle to see where the distance is.
 Quoting: Luminous Epinoia


There's a lot to think about, and I am not sure but I think he's talking about people swapping their XRP to SOLO for the snapshot, and then swapping it back?

XRPLion1 is the guy pushing a "flip of the switch" increase in value to astronomical numbers, which would not be able to be cashed out by the exchanges (where would they get the funds to cash out that kind of increase in value?).

I think perhaps (just speculating!) he's worried an XRP holder would have their holdings in SOLO form when the flip of the switch happens?

99.99% unlikely HOWEVER, wouldn't that suck to get wrecked that way if the .01% chance did actually occur.
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12/03/2021 01:42 PM
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...


I meant where I read people may swap their XRP for solo, then switch back after the snapshot. I’d just be too freaked out trying that maneuver. If the price crashed after the snapshot, that’s ok to me. I don’t know much about solo but I’d probably just keep as a long term hold. The worst case would be for the price of solo to crash on/after 1/20. Because you could get stuck paying a high tax bill on a coin that’s crashed in value. So you would need to find other resources to pay it. And with the way many government officials have been behaving in such a brazen manner, like Ginsler, I’m just waiting for the hijinx to occur.


- - - - - -
 Quoting: BIG.BILL


How would you have a high tax bill on coins that crashed in value? If SOLO crashed to 0 on 1/20/2022 for instance, what taxes would you have to pay?
 Quoting: Anonymous Coward 80980509


[link to www.irs.gov (secure)]

You get taxed on the value of the coin on the day you can assume control of it. So it it’s $5 on that day, and you take possession, and then it crashes as people sell off their airdrop, you’re still on the hook for taxes on the $5 value.

book


- - - - - -
 Quoting: BIG.BILL


The CFR pertains to agencies of the federal government. It is not even positive law. Are you an agency of the federal government?

The Code of Federal Regulations (CFR) is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. It is divided into 50 titles that represent broad areas subject to Federal regulation.
 Quoting: Anonymous Coward 80980509


No agent just a gent. I’ve heard people have a terrible time just finding the law which states they owe tax on their labor. Never looked for it myself. But that’s something new they just came out with in regards to airdrops.

book


- - - - - -
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12/03/2021 01:47 PM
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Re: The XRP Investor Thread
I have read others who share his sentiment. I understand what he's saying but if you can flip back into XRP in the matter of seconds, I struggle to see where the distance is.
 Quoting: Luminous Epinoia


There's a lot to think about, and I am not sure but I think he's talking about people swapping their XRP to SOLO for the snapshot, and then swapping it back?

XRPLion1 is the guy pushing a "flip of the switch" increase in value to astronomical numbers, which would not be able to be cashed out by the exchanges (where would they get the funds to cash out that kind of increase in value?).

I think perhaps (just speculating!) he's worried an XRP holder would have their holdings in SOLO form when the flip of the switch happens?

99.99% unlikely HOWEVER, wouldn't that suck to get wrecked that way if the .01% chance did actually occur.
 Quoting: Vision Thing


I absolutely understand that. However I cannot see the flip of the switch happening while the lawsuit is going on. Seems like an impossibility to me, though I could be wrong.

If there was to be a buyback, there would be a window for it. If the switch flips very shortly here and I miss out, that's something I'll have to deal with. Where the current landscape is, I just can't see the switch flipping until at least next year. Never know though, it is a gamble and not for everyone.
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12/03/2021 01:54 PM
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Re: The XRP Investor Thread
i understand airdrops for a legit companies with real backing and contracts for use...but so many are just sex coins...everyone who buys them is gonna get ....'.
 Quoting: Edmond Dantès


I set up 2 trust lines on XRP Toolkit. One for Solo which I’m starting to see as a tax trap, and the toolkit has its own rewards token for using new features. I looked over the spreadsheet with all the coins and was kinda turned off by it. So no Xumm for me. I missed out on December 1st snapshot but finally claimed my Songbird and set up the rewards for it.
I can’t believe people are thinking of risking their bags of XRP over this Solo drop. NFW! tounge

book


- - - - - -
 Quoting: BIG.BILL


Would love if you wanted to elaborate on SOLO airdrop as a tax trap.

I'm just thinking about it in a cursory way here but since the airdrop of tokens isn't until January 2022 there would be no tax liability due for that until 2023?

We'll probably have many tax issues by then, with any luck. XRPLion1 on Twitter has been writing about imminent tax liabilities for XRP holders, apparently he worked as a tax professional with high end clients for a decades long career. if you check his twitter account and his youtube channel he has most recently been posting about tax help for XRP holders.

Anyway he is suspicious of the SOLO airdrop too, perhaps for different reasons: [link to twitter.com (secure)]


 Quoting: Vision Thing


Looks like a good source. Many thanks!

hf


- - - - - -
Vision Thing

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12/03/2021 02:07 PM

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Re: The XRP Investor Thread
I have read others who share his sentiment. I understand what he's saying but if you can flip back into XRP in the matter of seconds, I struggle to see where the distance is.
 Quoting: Luminous Epinoia


There's a lot to think about, and I am not sure but I think he's talking about people swapping their XRP to SOLO for the snapshot, and then swapping it back?

XRPLion1 is the guy pushing a "flip of the switch" increase in value to astronomical numbers, which would not be able to be cashed out by the exchanges (where would they get the funds to cash out that kind of increase in value?).

I think perhaps (just speculating!) he's worried an XRP holder would have their holdings in SOLO form when the flip of the switch happens?

99.99% unlikely HOWEVER, wouldn't that suck to get wrecked that way if the .01% chance did actually occur.
 Quoting: Vision Thing


I absolutely understand that. However I cannot see the flip of the switch happening while the lawsuit is going on. Seems like an impossibility to me, though I could be wrong.

If there was to be a buyback, there would be a window for it. If the switch flips very shortly here and I miss out, that's something I'll have to deal with. Where the current landscape is, I just can't see the switch flipping until at least next year. Never know though, it is a gamble and not for everyone.
 Quoting: Luminous Epinoia


My opinion only, the lawsuit is a stalling operation to delay the price increase, it's just a cover story to hold everything down until all the pieces are in place and the timing is right for deployment of the new system.

It could be settled at any given time, without warning.

Also many have speculated that at the time of the financial reset/flip switch to new financial system, there would be a power blackout, internet outage, that could last days or weeks.

This could be a serious issue if a person's XRP was in SOLO form and they had assumed they would be able to swap it back instantly.

Also how could they possibly give advance notice of a sudden increase in value?

Everyone would beg borrow or steal to buy as much XRP as possible if they knew a massive price increase was imminent.

So there will be no warning and no notice- I guess?

Thinking out loud here.
Vision Thing

User ID: 80887835
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12/03/2021 02:13 PM

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Re: The XRP Investor Thread
XRPLion1

Is he an agent?

Perhaps!

Here is his youtube channel videos page:

[link to www.youtube.com (secure)]

The most recent one talks about how we as XRP holders may have a serious tax liability that we need to be prepared for.

He says his career was as a tax professional with decades of work with high end clients.

He set up a connection, there's a link in the video, with Clinton Donnelly, a well known crypto tax lawyer.

And he set up a connection with a firm that manages the formation and maintenance of non-profit structures and foundations.

They are giving priority to XRP holders who use the links that XRPLion1 set up for us.

XRPLion1 says XRP riches are God's money, given to us to do His work, and that we should hire professionals to keep God's money from going to the corrupt government, and so we have more time to execute our ideas, plans, goals, aspirations to make the world a better place.

I will keep looking for information with an open mind but it is hard to argue with that part of what XRPLion1 is saying. He seems to be on the right page with that.

Oh and in addition here is his twitter account [link to twitter.com (secure)]

Last Edited by Vision Thing on 12/03/2021 02:15 PM
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12/03/2021 02:45 PM
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Re: The XRP Investor Thread
I’ve been trying to move xrp off my solo wallet for 3 days now. With the xrpl having issues the solo wallet will not process a transaction with the low fee schedule, there is no option to increase it and the solo dev team must have left town after cashing out because they aren’t responding to inquiries about it.

Within hours, Xumm had a fee option allowing users to select a higher fee schedule and the transactions would go through.

Solo fixed the fee issue on the DEX if you are trading, but not for wallet to wallet transfers. They can’t blame the ledger for what’s happening on their wallet. This is very poor handling of this issue and makes me leery of how they’ll perform in the future and sours my opinion of the solo brand.

Too bad! The wallet is a nice interface with the DEX but I’ve lost confidence in it at this point.
 Quoting: Wuher


Thank you for the report, I created a SOLO wallet but haven't activated it yet (at least I don't think I did).

The idea of transferring my XRP holdings from Atomic and Exodus to XUMM and SOLO wallets for the airdrop, is doing nothing for me. It seems like a bad move, or at least one I should think through seriously before doing.
 Quoting: Vision Thing


You don't have to transfer ALL of you XRP holdings to swap for SOLO. There are many who already profited handsomely from the SOLO price appreciation. You could have been one of them.





GLP