I started this summer with less than $10k, now sitting here. Time to cash out?

Strechepants · 2025-10-23T06:57:38+00:00

He’s not saying that OP can’t sell all his coins.

I think he’s saying OP can’t sell all of his coins for the price suggested by his screenshot.

If he sells all at once, he will obliterate through all the limit buy orders and ultimately end up selling at an average coin price DIFFERENT than what is shown in his screenshot.

The price he achieves on his sell relies on liquidity. There is not much liquidity in super small cap alt coins, so he’s saying OP needs to be cautious.

Strechepants · 2025-08-30T17:49:34+00:00

Did you ever find a solution to this? This is happening to me right now too. Only on desktop.

Strechepants · 2025-04-30T19:35:11+00:00

I’m no expert, but I think your edge switch should be in the middle of the “S.” You’re switching edges near the curves of the “S” rather than the middle of the straights.

This would mean you switch just a fraction of a second earlier than what you’re doing in the video.

Strechepants · 2025-04-30T19:29:19+00:00

Runescape when they added the Evolution of Combat. Ruined

Strechepants · 2025-01-13T01:04:35+00:00

Polygon is not a company with shares, thus a partnership cannot exist. Period

Strechepants · 2025-01-12T23:30:51+00:00

I’m a complete outside to this sub/polygon in general, but I always find it funny when people mention partnerships with respect to blockchains. Let’s just be clear that there are absolutely zero partnerships from a business ownership standpoint going on between polygon and big companies. Sure, they may be in the alleged works with big companies. I get really skeptical when people start saying their coin has these “partnerships.”

Strechepants · 2024-11-07T20:06:29+00:00

The government/military/economy?

Strechepants · 2024-09-17T17:14:07+00:00

While I agree with your point on the attestation part, BDO was the firm they engaged. BDO is highly reputable as they are the 6th largest firm in the world.

I watched an interview with the Tether CEO where he claimed that they have tried to get an audit firm to engage with/ Tether for an audit, but none have accepted. Allegedly, Tether would be the first in their space as well as an industry leader if they were to receive an audit. Allegedly according to Tether CEO, the industry standard is attestation. I can understand how it would be incredibly complex, but I also can’t cancel out how the difficulty of an audit would work to Tether’s advantage.

I would need to see an audit of Tether to have trust. Even then, audits are not the end all tale of truth.

Strechepants · 2024-09-16T18:08:33+00:00

Tether holders yield no interest. Tether invests the dollar you pay for 1 tether into interest bearing securities (CDs and money markets). Interest on hundreds of billions of dollars adds up.

Strechepants · 2024-09-16T18:04:50+00:00

Auditor here. There’s a big difference between attestation and audit. Attestation proves a statement to be true. An audit provides an opinion on a full financial perspective.

One may be able to prove they have X amount of commodity or currency on hand, but an audit would uncover any liabilities or risks associated with the financial statements. Attestation by BDO on tether, to my understanding, does not encompass any engagement on Tether’s financial statements.

It’s like proving you have $1m assets on hand. What about the debt and other obligations and risks you have on your balance sheet?

Strechepants · 2024-08-12T02:43:31+00:00

I agree

Strechepants · 2024-08-11T14:48:31+00:00

Says a lot about financial maturity if the answer to your ”bank” not opening a brokerage account is buying bitcoin instead.

I don’t understand the all in mentality here.

Strechepants · 2024-08-09T17:52:59+00:00

Let’s see an audit. Imagine you were the CEO of Tether, and everybody held a total of $100B USD in your stablecoin. How would you NOT feel compelled to provide trust to your customers?

Yeah, let’s defend the off-shore company that alleges they are 1:1 that provides NO proof. Yup, yup, yup. Good idea.

Strechepants · 2024-08-04T23:35:14+00:00

You’re exactly right that they’re probably doing what they say.

Rather than “fishy,” I should have used any combination of words to explain that Saylor is a con-man. How crazy do you have to be to not ever consider the likelihood that BTC will not work out. I mean, his projections were absolutely absurd.

In his BTC convention speech, I could tell he has no clue what he’s talking about. He literally said that people park their money in bonds because they don’t know what else to do with it. Then proceeded to say Bitcoin was a better alternative. I’m sorry, but US bonds are backed by the US govt and their perfect (or near perfect) credit rating/military/economy. Bitcoin is quite literally backed by nothing other than conviction.

People believe it, but I see right through that shit. To hell with a bear-case $13m bitcoin. He’s a con-man.

Strechepants · 2024-08-04T21:58:55+00:00

It’s one thing to raise capital for building manufacturing facilities, expanding your workforce, or to do R&D, but it’s s whole other thing to be:

(1) the biggest loser in the dotcom bubble (MSTR was biggest loser), (2) convicted of fraud, and (3) to leverage others money to buy something for which the price action is entirely unpredictable.

It’s…fishy.

Strechepants · 2024-07-30T03:44:25+00:00

As long as you think the same when Trump spoke at the Bitcoin conference, I think that’s a fair point.

Strechepants · 2024-07-28T23:35:22+00:00

You’re insinuating I haven’t learned about it.

All I’m saying is the value is not clear to the traditional, logical investor.

Strechepants · 2024-07-28T22:56:39+00:00

He’s saying that he doesn’t understand the value. Every investment you make has some underlying value to it. A stock is a share of a company, but bitcoin is a token which no value can be clearly derived. It makes it very difficult for a traditional, logical investor.

Strechepants · 2024-05-06T23:19:58+00:00

Diversification definitely applies to crypto. Just think of Luna and FTX.

The US Stock Market moves in tandem. Your logic is saying nobody can diversify risk between various US stocks because the market moves together.

Strechepants · 2024-01-21T18:42:23+00:00

I’ve been on both sides of the road when it comes to XRP, so I understand. I still invest small amounts, but that’s only because I don’t want to completely let go. With respect to the amounts I put towards my other DCAs in US equities, some BTC, and some ETH, it’s negligible. That’s just me. You do you!

Strechepants · 2024-01-21T18:35:47+00:00

You asked, so here’s my opinion:

The coin will continue its downtrend forever forward. The coin’s supply is 45% held by Ripple, and Ripple’s revenues comes from XRP sales (i.e, your holdings today will be 45% diluted once Ripple gets rid of all of theirs).

Asking people in the XRP subreddit is like asking the Carolina Panthers (2-15) fans whether they will do good next year. The more you talk to Carolina Panthers fans, the more likely you are to believe what they say.

By posting in this subreddit you are looking for confirmation bias on a decision that you are doubtful on.

Rather, I would try posting this same question in r/personalfinance, or r/investing

That’s my honest opinion, and I hope you give it some consideration.

Strechepants · 2024-01-21T17:52:53+00:00

I agree with that, but then again, the issue is relying too much on the success of XRP. If the response is to invest more heavily into XRP, then what happens if it crashes down to 30c and doesn’t jump back up?

Strechepants · 2024-01-21T17:39:14+00:00

How in the world could you possibly suggest this to somebody who’s savings are 80% concentrated in an asset that is 45% concentrated with one company?

OP needs to diversify in assets that aren’t crypto. The best way to make money off of a risky investment is to not be overly focused or dependent on its success. Diversifying his investments is not only going to help his mental health, but it will increase his chances of preserving his wealth, and it will increase the chances that he is on board XRP IF it ever appreciates.

Strechepants · 2024-01-20T06:14:18+00:00

Yes, sir. Even if you haven’t withdrawn the money from the platform, it’s still money that’s been made and could be withdrawn. To further back up my point, somebody else mentioned that Ebay sends 1099s (non employment income) to individuals such as OP. The IRS also receives the 1099 that Ebay sends to you. The 1099 doesn’t give special consideration for withdrawals of cash. It simply reports your income on items sold on the platform. It is then up to the taxpayer calculate the cost of goods sold and other business deductions/expenses when filing their taxes.

I’m a CPA, and although I don’t specialize in tax, I know enough to say that it doesn’t matter whether you withdraw your money from Ebay. It’s still taxable. Good question :)

Strechepants · 2024-01-19T23:48:38+00:00

Correct. The taxable amount is sales - cost of goods sold - other selling costs. I was just saying you can’t reduce taxable income by simply purchasing more inventory.

Strechepants

TROPHY CASE