This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
I round tripped 8 figures last cycle. A few things I learned:
- It’s almost always better to sell too early and miss out on gains, then to hold too long and round trip the bag. This is because eventually, almost everything trends to zero, so even your “early sell” is likely going to make you look like a genius in a few months/years
- If you ever take a PnL screenshot of how much you’re up, sell. You don’t have to sell your entire position, but it’s usually an excellent time to at least trim 20-50% of it.
- Most people on this app have absolutely no idea what they’re talking about. Often the loudest and most confident voices know the least, while the quiet and self questioning ones are full of wisdom.
- You can’t borrow conviction. If you buy something because someone else did or told you it was “a hidden gem”, you’re almost guaranteed to fumble the bag. They’ll dump on your head while you’re still anxiously waiting for their next tweet or YouTube video to tell you what to do.
- Stop trying to impress people. This is just good general life advice, but it applies triply so to this space. Wanting to impress your friends and family is one thing, wanted to impress random anons on the internet? Insanity.
- There’s Bitcoin, and then there’s everything else. It took me too long to truly realize this. Yes alts can and will occasionally outperform - sometimes for long stretches of time - but basically everything bleeds to Bitcoin over the long run.
- Most people try to outperform Bitcoin by trading these alts; probably leas than 5% of people can actually accomplish this. It’s like trying to outperform the S&P 500. Most people are better off just buying the index.
- This place has a way of warping your perspective to a level that is literally bordering on mental illness. Many of us refused to sell jpegs of a list of words for $50,000 last cycle because we thought “it’s undervalued”. Many otherwise smart people. You are not immune. Herd mentality is real, it takes *a lot* to swim against the current around here. You should try.
- Extending from that point, try and zoom out and also spend time with non-crypto people. 1 SOL or 0.08 ETH can seem like not significant amounts of money (unit bias is real), but add up how much that is per day or year and think what you could do with that money IRL. Also, most people are thrilled to earn a 10% return on their investments in a YEAR, and rightfully so. That’s a great return, crypto just warps everything.
- Compound interest is mind boggling powerful. You don’t need to find a 100x, you’re usually way better off stringing together a bunch of 2x plays or even compounding at 10-50% a year (do the math, do you have any idea how insane compound interest is at high %s over a bunch of years?)
- Put another way: “Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.”
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Cheers
The trade war is back:
Minutes after President Trump announced 25% tariffs on the EU, the S&P 500 erased $500+ BILLION of market cap.
Meanwhile, Bitcoin just broke below $84,000 for the first time since November 11th.
What's next? Let us explain.
(a thread)
JUST IN: 🇺🇸 President Trump's Crypto Czar David Sacks to hold press conference tomorrow to discuss securing America "as a leader in the digital asset ecosystem."
JUST IN: 🇺🇸 President-elect Donald Trump is open to creating an America-first strategic reserve that prioritizes cryptocurrencies such as Solana $SOL and $XRP.
As expected, the SEC’s appeal brief is a rehash of already failed arguments –and likely to be abandoned by the next administration. We’ll respond formally in due time. For now, know this: the SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.
Learn the facts here: https://t.co/KOq1jGnKop
On January 20, Gensler’s war on crypto ends at the SEC. We asked the SEC to agree to postpone the filing of their opening brief in their appeal of our victory (current deadline Jan 15) – and they refused. What a waste of time and taxpayer dollars!
Nevertheless, we are confident in our position on appeal and look forward to working with new SEC leadership to resolve this matter.
As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a tiny bit. Maybe someone wants the "honor" of buying the first bit of RLUSD on the DEX.
But rest assured, the price will come back to very close to $1 as soon as supply stabilizes. If it doesn't, something is very seriously wrong.
If you want to spend a lot of money to get a tiny bit of RLUSD before anyone else does, you can. But please don't expect the price to stay over $1 once things stabilize, which I expect they will do very quickly.
The whole point of a stablecoin is to have a stable price. Short-term changes in prices due to shortages of supply or demand are certainly possible, especially around launch, but they shouldn't remain for very long as arbitragers rapidly fix the market.
Please don't FOMO into a stablecoin! This is not an opportunity to get rich.
Dear $XRP Jedi Warriors...
You were right, I was wrong. Well done! Dinosaurs still roam the earth ;-)
I just want everyone to make $$ and you guys have walked through hell to get here. I still own some XRP from the delisting but you guys/girls deserve everything.
👏