A crypto holder who bought XRP at $0.17 and HBAR at $0.03 refuses to sell, though they took partial profits on HBAR at $0.40. They argue crypto still can't pay taxes or mortgages without triggering capital gains tax on every transaction, calling payments "janky" and questioning whether the space is actually innovating.
There is no way in hell I'm going to sell my XRP anytime soon. There's no way in hell I'm going to sell my HBAR. I am simply not satisfied with the results of those coins. If you guys didn't know my story, I bought in XRP at 17 cents. I have never sold a dime. The only XRP I've sold has been in exchange for XRP meme coins. Uh, so that doesn't count as really selling XRP, right? I've swapped them for some meme coins on the XRP Ledger. With HBAR, got in at 3 cents. I did take profit at around 40 cents or something like that during the, the last, uh, crazy run-up for HBAR. I'm not selling those, there's no way. Like, I'm just not satisfied. Chainlink, I'm like most of my long-term bags, I am not satisfied. However, if the next bull market is as big as the 2017 one, which a lot of people are saying, by the way, if it's as big I need to prepare an exit strategy. The truth of the matter is that crypto has not taken over the world to an extent where I can pay the government tax bills in cryptocurrency, I can pay my mortgage in cryptocurrency, and you can kind of pay your groceries and living expenses with, with crypto, uh, with the crypto cards, but it's still not a great option. It's just not— it's janky, it's annoying, it's not a great option. Uh, you are technically disposing of an asset when you buy something with crypto, so you have to pay capital gains tax on that disposal, and then you're paying whatever else stupid tax your government's doing. So no, I am not giving up on crypto, but I think we need to step back and ask a really hard question, which is what even is the innovation that is coming out of this world anymore with crypto?
