Most XRP Holders Are Making This Mistake

All right, we're back for another car rant video about XRP. This is the XRP strategy that changes everything. This is going to change how you look at your XRP, how you view your XRP in your portfolio, and how you treat your holdings. Okay, this is huge. This is a new strategy that's emerging, which is XRP DeFi. Now let's talk about the risks of this. Let's talk about why you should watch out for this, um, and why and how we can use this. So XRP DeFi is emerging in full right now. You've got Flare Network, you've got products like Upshift, um, you've got, you know, Firelight, you've got other— Strobe Finance— all of these XRP products. Now the reason you shouldn't trust these right now is because they are not truly staking. Uh, they can't be— it can't be said that they are staking, okay? And they're using that word because it's a marketing buzzword to get you to be interested. But what is a reality? The reality is you will be able to stake your XRP and earn yield, passive income from your XRP. Now we have to remember that when you do this You earn rewards or the passive income in XRP. It's paid out in XRP tokens. XRP tokens have a live fluctuating value going on at all times. So you could have $1,000 of XRP today and you could wake up tomorrow and it's $950. So those rewards that you would have earned for free would be worth way less, or they could be worth way more. And that leads us to this strategy. A lot of you guys on my XRP staking tutorial said that this is way too complicated, um, I'm gonna wait until Ripple itself offers staking, I'm gonna wait until I can stake the RippleUSD, which is going to be huge, right? Ripple stablecoin. If you guys can get some Ripple stablecoin and stake that, there, there is some options, uh, emerging for that with some of these platforms. Uh, we are going to be helping people one-on-one as well. If you're interested, link is in the description. We're going to be helping people one-on-one set up XRP DeFi and get their XRP working for them, especially if you're going to be holding for years anyways and you're just like down to go to the moon, um, and just hold forever basically. Uh, you can generate, uh, passive income off of these. So don't trust the platforms right now necessarily. Definitely don't trust them with your whole bag, uh, but you have to, you have to— or a lot of you had objections like, I'm gonna wait, I'm gonna wait until Ripple offers it. And all of that is great, right? Maybe you want to wait until you can stake it using your cold wallet, right? You guys don't want to stake on hot wallets. Um, so that's another big issue with this strategy is right now you most likely have to stake using, uh, a hot wallet, right, which is connected to the internet, which puts your XRP at risk. Um, so that— I mean, you can do it. I'm doing it with some of my XRP. Um, but this is the strategy that changes everything. You guys are going to be able to stake your bags and actually earn passive income. A little bit more about how the tax portion of this works: when you stake and you earn income from that staking, that has to be like reported as real income. That is actual income. Now, so let's say I make $100 in passive income from staking. I have to report that as I made $100 extra it is not capital gains. But if I choose to hold that in XRP, then, and then XRP goes up, I do have to pay capital gains if I exit that position. So you could potentially have two taxes, and that's why I do recommend actually immediately taking the staking rewards and cashing them out so that you have enough to actually pay the income tax on that money. Now obviously this scales up. Like, if you do have 100,000 XRP, um, or something crazy, a big portfolio, number one, we'd love to help you actually make sure you're safe, uh, if you're gonna experiment with this, um, and try to earn, because the APYs are crazy right now. The APRs, the APYs, the percentages that you can actually get are crazy. They're high because it's volatile. They're high because it's new. They're high because XRP's TVL, total value locked, is still nothing compared to other networks. Why do we have such a low TVL? Well, it's because we haven't been able to lock value as retail holders, um, on the chain, right, on the, on the blockchain. So those options are coming, and when XRP's TVL starts to increase, that is very, very good. Um, in terms of price appreci— uh, price appreciation. Because when the value is locked, uh, they can, you know, they're not going to sell that value because it's locked. Now another huge part of this is the exit strategy. How does this affect your exit strategy? Because it damn sure affects mine. Like, you know, if XRP goes to $6, let's say, or $10 in the next 2 years, um, and I've earned an extra, you know, few thousand tokens. Who knows, you know, I don't reveal my balances. Um, I have to keep some level of privacy. I put my whole freaking crypto journey online, so, you know, allow me to have some privacy at least with finances, uh, personal finances. But let's say I earn a couple thousand extra tokens or something, and now those tokens were once $2 and now they're $10. You know, I 5xed, um, and all that money was for free. All that money was just because I, I continued to believe in XRP and held it. Um, so this is the thing, it's like, why not? Dude, it's really snowing right now. Are we serious? Um, I don't know if you can see that, it's snowing, man. Come on, stupid Canada, bro. I gotta get out of Canada, man. Gotta get out of Canada. Um, uh, yeah, but you know, how does this affect your exit strategy? One thing that you can do is take the portion that you never want to sell and do the staking slash yield farming thing with it, right? That prevents you from, from touching it because it's going to be earning you yield, and you're like, why would I touch this? Um, the key with this stuff is not to lock it up. Don't opt in for locks where your assets are actually locked, especially with XRP when most people feel like it can explode out of nowhere. It's shown that it can explode out of nowhere. So you don't want to be locked into some staking mechanism where you have to keep it there, right? Like, and you can't actually get it out like the HEX people. The HEX community, they lock their tokens up. They genuinely cannot freaking touch them, bro. They can't touch them for a certain amount of time. So that's not what you want to do. And that's not what anyone's offering right now. I don't think no one's offering like a lockup period. I don't think it's all more yield farming style stuff, but staking, the word staking doesn't actually apply to most of this stuff. You do not want to lock your assets up because you want to be able to take advantage of that price appreciation when it happens. You want to be able to maybe exit certain, you know, take profit. But this whole strategy, it's like, why, right? Why ever take the profit? Uh, because, you know, it's a balance. If you genuinely made a lot of money in unrealized gains on XRP, I always— you always have to evaluate your own life. Like, would this really affect your life if you took this? Would you be in such a better position, uh, to where it's worth it to exit XRP, right? Is it worth it? Um, or do you believe massively that, you know, it's going to continue going up, because I think 99% of people are going to sell XRP too early. Um, and then, you know, well, I think it's going to be 50/50. Like, 50% of people are going to sell way too early, and then 50% are just going to wait and get hit with some kind of drop-off. But it, you know, you have to evaluate your own belief in the, in the coin. And you have to evaluate your life situation and then build your personalized strategy through that. And that's also something we want to offer to you guys is personalized strategies. So what would I, you know, do in your position without offering financial advice? Obviously, we are not— I am not a legal title anything. I'm not a professional. Professional anything. I'm not a financial advisor, any of that. I'm not a CPA. I am just a guy who made it through crypto, right? I don't have to work a job anymore. I'm 26. I own a house, you know, I own a Cadillac Escalade 2025. Like, don't worry about me, man. I'm going to get to the money no matter what. And that's just how I'm wired. I am wired for business. We run a lot of other different businesses, different ventures. And so like I have a lot to offer somebody in terms of personalized guidance towards their goals. Because I have achieved every single goal that I've written out from 2020, basically I've achieved them. And so there's something there, there's something there that's working, right? There's something there that's working. And I urge you guys to not just be XRP holders. Don't just be a holder, you know. Take 10% of your XRP or 5% or whatever percent you want and play around with this stuff, right? Like, you don't have to get all dangerous with it. You don't have to like be degenerate with it. But we're on the cutting edge, and, and you know who wins? It's the guys on the cutting edge. The guys that are first, the guys that are early, always win in crypto. And so if you can be first to some of this stuff, there's going to be liquidity pools that you can provide liquidity to and earn fees, um, like revenue shares and yield farming. And all of this is such a big world, and I mean, they can't really do anything about it. They're not going to stop it. They can't really do anything about it. And we've already— I mean, some of these, some of these things might be securities products, but that's on the people making them, bro. That's on Flare, that's on Firelight, that's on Strobe for not properly geo-blocking people. Um, if, you know, if these— if, if they— if these are, uh, securities offerings but you're making it available to everybody, like, that's on you. I'm, I'm I'm just a, a browser of the internet who likes XRP and found your product. So it is their responsibility to deal with the regulatory stuff. It's not our fault, right? Like, I've always believed this. If, if a crypto exchange is supposed to be blocked in your location, but when you go on the exchange they let you in knowingly, knowing that you're from you know, a place that's supposed to be geo-blocked, that is not on you. That's on the exchange for not, not being compliant, right? So that's my little car rant. I hope you guys are enjoying these, trying to get back to the basics. Um, I think people are sick of just over-edited crazy content. They just want the raw. I'm a real dude, real person in this world of AI, and hope you enjoyed. So drop a like, subscribe, all that stuff, or don't, I don't care. Links are in the description for everything that we've built. You can apply for mentorship one-on-one. You can apply, or you can, you can join the Discord. You can, you know, look at our free communities, our free offerings. For anyone who made it to the end too, I did, I want to tell you, I did leave, uh, I built like a quick XRP strategy guide for taxes, protecting your wealth, etc. It's like a 16-page PDF document, I believe. It's completely free. You just click the link, type in a zero for the price. It's like pay what you want, so just type in a zero, put your email in, click it, boom, you're gonna get instant access to it. That's just for fun, um, as a good resource for people. So drop a like. I love every single one of you, and goodbye. Ah.