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Ripple XRP: Here’s A Plan For Cashing Out An XRP Shallow Bag For Instant Profit

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10 Comments

  1. Good idea just have to remember (in US anyway) buying and holding is not taxable, swing trading your shallow bag is! Doesn’t mean don’t do it, just be prepared.

  2. Dont' forget taxes… in this example, you'd actually be selling at a loss (assuming you've been HODLING up to this point), as your actual cost basis for tax reporting is $1, not the cost average of $.67.

    So if you're selling 6,666 at $.75, you'd be taking a $1,666 dollar loss, which you can use to net against other capital gains or income.

  3. A shallow bag for me would be a few hundred dollars worth of XRP. It has taken me nearly 2 years to accumulate just over 15K XRP. I wish I had more money to put towards it right now while prices are down, but I don't.

  4. I cannot make a “shallow bag.” I could, but I won’t. I am not a good trader. I let the emotions get in the way during selling. So I will keep my one bag, add, and sell at my price points 🙂

  5. I have a feeling too many people will be doing this and crash the price before swell even starts. Seems like most "analysts" are saying the same thing, which indicates to me 2-3 days before swell we may start dumping in anticipation.

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