Can anyone tell me more about this crypto? I see there is an SEC lawsuit against it. Some people are telling me it's a good thing to buy right now

Supposed to be a Reddit moon shot today

I bought 10,000 shares of it at $.25 a couple months ago because a friend said it was going to get crazy. I know nothing about it. Don't understand it. It's on coinbase where I can't even trade it so I'm not much help. Trying to figure out how to transfer over to another brokerage so I can sell it if it does take off. He swears it's going to go through the roof though.

Easiest way is to download ProtonVPN, connect through Canada, and create a Binance account. Transfer it there.

I use it for obscure alts and hold the rest on cold storage or Gemini.

I have a feeling we're going to see Reddit used to pump and dump a bunch of coins for the benefit of the institutions. It seems very plausible that the hedges now see the Reddit user base as easily controlled just by creating a few accounts yelling HODL, DIAMOND HANDS, TO THE MOON.

Pump for 50-100% in a day. Sell. Rinse and repeat with a new target.

The party may be ending...

A friend of mine was recommending that I buy some

Bocephus said:

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A friend of mine was recommending that I buy some

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Don't. And also tell your friend he's a dic* for suggesting such behavior.

Why? I really know little about it. Just thought I'd throw a little money into it and I don't really know what I have other than something that I had to move from Coinbase to Uphold because some of the brokers won't let you trade it any more.

Just think of it as yet another pump and dump scheme who's only value is watching it go up when people start pumping it.

Of course, its equally likely to drop 50% as well.

The only two cryptos that actually may have any value at all is Bitcoin and Eth

Is anyone still in this XRP? I'm still holding for my lotto

I remember owning this.

Craigy said:

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Is anyone still in this XRP? I'm still holding for my lotto

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Uh, you got it when it went above 3 last year

So is XRP pretty much dead in the water at this point?

It certainly feels like it. Should have sold when it went over $3....

Random tidbit: XRP is an official sponsor of the KU Jayhawks now. There will be an XRP patch on all KU athletic jerseys this season.

Ripple CEO Brad Garlinghouse also has his name on some of the facilities.

YouBet said:

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Random tidbit: XRP is an official sponsor of the KU Jayhawks now. There will be an XRP patch on all KU athletic jerseys this season.

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I'm old enough to remember FTX Arena (RIP 2021-2023)

It's not XRP. This unregulated market has been controlled by a 3 year up 1 year down cycle since the beginning... the market is driven by Bitcoin's algorithm, 3 years up, 1 year down... like clockwork.

~1095 days up (new ATH)
~365 days down
Rinse, repeat

Oct2025 - BTC $125k ATH
Oct2026 - the bottom

Oct2026 through Oct2029 - BTC $175k to $250k
Oct2030 - the bottom

We're also waiting for the Clarity Act to be passed and signed into law. Currently, and since the beginning, the crypto risk asset class has been and still is kryptonite to fiduciary duty. Big money Tutes on the sidelines are about to get the green light for adoption. That means trillions and a 2x-3x crypto market cap increase.

We all know they play games too. The Dems don't want DT to sign this law before the election. That would give him and the republicans a bigger stage to brag on. They aim to kick the can and win a Democrat senate majority. Warren would "rewrite" the bill. Clarity debate would continue for months if not a year. They'd love to put a Pocahontas crypto bill on Trump's desk... or not. They'd probably like to postpone until after 2028. God forbid.

This October should be the bottom for the market, per BTC algo. The market should trend up afterward, for the next 3 years... perfect time for an adoption window.

So, to not be dead in the water

Best case scenario - Clarity gets passed late Sept/ early Oct. Adoption phase ensues during BTC bull run Oct2026 - Oct2029, utility coins gain ground on BTC market dominance. Crazy all time highs, no more kryptonite, everybody is playing.

2nd best case - Clarity gets passed late January/ early February, adoption begins. Adoption is key for utility coins.

Dead in the water case - Dem Senate majority, a Pocahontas crypto bill debated for months to a year. Gains would be dependent on BTC bull run.


Bottom line I tell myself...BTC algo is still the market driver, look for late Sept/early Oct low, load up on your coins of choice and don't look/sell until Oct2029.

*side note - the legacy banking mafia had their regulator dog sue Ripple, to prevent them from screwing up their cash cow in fees and usury. This has been a war between legacy banking and blockchain banking, a battle within... and smear campaigns everywhere. Utility coins are the way.

Did anyone else see that XRP was a logo on the university of Florida football field last night? I didn't realize that this could be digital advertising only, versus not truly painted onto the field. My son is a student there and was at the game, I should've asked him if he could see it or if it was just for TV. I have a friend who has been after me forever and forever to buy XRP. He is totally bought in, he has been buying it well below one dollar for a good while. Unfortunately, by the time I bought a really small allotment (thankfully) it had already run up. This week's bump brought it up, but I'm still way down on the "investment".