You WILL LOSE all your XRP millions unless you do these things

[@adetorrent]

🚨‼️Attention ‼️🚨 - scammers finally created a bot for my account. Please do not engage these scammers! I WILL NEVER ASK YOU TO CONTACT ME VIA WHATSAPP OR ANY OTHER METHOD FOR ANYTHING WHATSOEVER!! I won’t ever post a link on comments or reply your comment with a link. Be careful don’t get scammed !

[@erastuskimanzi8464]

Please. Advice me on how to buy XRP. I am interested in cryptocurrency investment. I am an amateur. Advice on the best platform and payment procedure. I am in Kenya. Africa. Thank you. I will be glad

[@adetorrent]

@@erastuskimanzi8464 HI. I don't know about Kenya specifically but if you know how to buy any crypto using metamask or crypto wallet that supports XRP, you should be alble to do it from anywhere.

[@hodlmonkey]

sound advice but here's a caveat to pay attention to and its one not spoken about much.. when the time comes for XRP price to rocket - it'll happen because the dollar and other fiat currencies are/have completely collapsed.. possible hyperinflation - nobody in the rest of the world wanting those worthless fiat money's etc. So selling your digital assets into a fiat world... which is tanking hard makes no sense - that world where a loaf of bread in usa is costing ppl $11 and will likely go flying upwards as a result is not where i want to "secure" my wealth and profits. I'm not saying dont take profits, pulling your principle investment out is a smart play. I'm simply saying pay attention to the prices of everything around you - i think alot of this is by design... ppl dont realise that they hold the next generation of money... they're still trying to find a way to convert it back to fiat dollars... and thats potentially dangerous and how the govs and financial institutions will scam ppl out of their XRP and other systemically important cryptos. cheers

[@adetorrent]

Very interesting and I agree. When I'm "selling" I won't necessarily be going to fiat. Obviously if the dollar collapses (meaning everything else has collapsed too), then I'd probably tweak my strategy to match the current events. But, yes that would be an issue at the time.

[@SuperAz000z]

I like this guy, he just deliver the information simple and straight to the point .. keep it up 👍🏼

[@adetorrent]

Thank you, much appreiciated

[@aussiem8130]

First things first the price needs to go up

[@adetorrent]

lol. fact.

[@dinorahlinares1722]

😂

[@XRP-Alchemy]

Why sell the digital asset of the future when u can collateralize your ever increasing value asset and avoid an income taxable event?

[@adetorrent]

In an ideal world. In the real world, and from experience, everything is going to crash again. Maybe another cycle after the next.

[@JoseLopez-yg6uk]

We haven’t seen a bull run base on utility yet.. and from what I understand some of these iso tokens like xrp Xlm have to be set at a higher price so that money could be moved.. banks won’t like a token that fluctuate so from my understanding xrp will only go up as money gets moved on to ledger so yes I will be holding not selling and will create passive income as regulations come into play and banks offer it

[@nocapbussin]

​@@adetorrent For a security, everything you are saying is absolutely correct. However, XRP is not a security and now has an official legal ruling stating such, so following the standard tax laws for securities doesn't really make any sense. If I bought XRP at $0.50 and sold at $0.70 making over $10,000 in profit that I was to cash out in US Dollars (I dont know other country's tax laws so I can only speak for the US), then that is a taxable event. However, like the OP said, why would you sell a token like XRP that is not a security and treat it as though it was?

[@XRP-Alchemy]

@@adetorrent Black Swan to flip the switch? Liquidity Crisis or fiat $ystemic $eizure? Scripted "Reality"? 🎬 We are watching a movie... 🍿 XRP.

[@michaelcarmean4906]

There Are No Crypto Rules Or Regulations 🤔 The States Digital Assets Are Income

[@oldmancrypto6190]

First of all XRP is not taxable, it is legal Digital Currency by law in the US and it cant be taxed. Go read the court documents. Now the rest of the Digital assets may not have that legal description but XRP does.

[@miamorporcryptomonedas9628]

That’s incorrect when you take it out of exchange to a us account is consider capital gains when you exchange from crypto to fiat. So you must pay income tax on your withdraw

[@ManiacalManiac]

​@@miamorporcryptomonedas9628 incorrect. XRP is deemed a currency. They can't tax you for exchange currency for currency. Look at gold and silver, real money is in some states not a taxable event. Every state should be none taxable to be in compliance of the constitution and actual laws. It is illegal for the IRS to demand taxes from such an exchange, currency for currency/money

[@steve3in142]

Yep and no laws yet so why the legal crap

[@who_is_dis]

It's because he's thinking from the frame of selling it into FIAT which i'd only do if I think it will correct back down. Seems like a lot of people don't really get the asset nor how to make it sustainable.

[@joker57]

Someone once told me, you could give everyone in the world $1,000,000 $$. And over 90% would end up broke a year or 2 later. 😂

[@BJRoyalty]

Yea probably because of taxes

[@adetorrent]

I believe it.

[@andyarvai3199]

even if you paid 50% of that $1,000,000 in taxes which is unrealistic if you held longer than a year, you would still have $500,000. If people still end up broke even with $500,000 then they have some serious issues. @@BJRoyalty

[@howard5536]

XRP I think is different than the others. When the institutions buy in and start using XRP, the price will become stable after it rises, only 1% of XRP is retail holders. XRP also needs to be stable to be used as a bridge currency. It is also deflationary, I will most likely Hodl for a while.

[@adetorrent]

True. I will have at least 25% of my current holdings forever as "generational wealth"

[@harrysachs1709]

1% is for retail holders??? Well almost 50% is already gone and institutions haven't bought squat so who owns whats out there then? Yeah we do. So 50%is all thats left for institutions to buy. Explain this 1% stuff

[@adetorrent]

Yes , among retail holder There are some wallets with millions, but very few.@@harrysachs1709

[@clydejr6065]

Xrp will create million and billionaire!!!

[@royaldee400]

Good luck

[@adetorrent]

It will.

[@wiltchamberlain100]

when lol

[@TonyTony-xr7pf]

Facts! ..... it will dwarf Elon's companies

[@TonyTony-xr7pf]

​@@wiltchamberlain100after implimitation. Watch 24hrs crypto

[@erickonassis6310]

Lol, you don't have to sell, this is the future of money, why sell into fiat, just wait, those avenues will open

[@adetorrent]

sure. anyone can do what the want. as for me, this is what I would do.

[@williamroy9124]

I agree. That is why I am spending my fiat $ on crypto today. I believe fiat is done and digital $ is here to stay. It will just take some time to work out all the tax liabilities. IF XRP gets to $50 or more I would sell half to pay taxes and still not worry. I like the LLC idea for personal protection…

[@shai5564]

Excellent video! Based on some comments i assumed you were advocating selling completely, but this was such a balanced view. Respect.

[@adetorrent]

Thank you very much. I believe that life is to be lived so at some point it's good to actually enjoy some of our gains. I've also been in a couple of "never sell" cults over the years and have a lot of hindsight on these things. I think XRP is different which is why i'll always have a bag for passive income that will probably be passed down to beneficiaries when I'm gone :)

[@dailylife6935]

Of course we don’t like taxes but I’ll be cutting that check the first day I sell any of my holdings because I’m not dealing with the IRS ever. I’ll gladly give them their cut just for the peace of mind!!!!!

[@adetorrent]

Yup. I'm with you on that one. I'm going to "give unto Caesar". What's the point of being a billionaire in prison? haha

[@Silver_State_Superduty]

Been around and owned XRP since 2018. People please take it from me, take your dang profits!! I watched more than life changing money vanish when the SEC dropped its bull law suit on ripple xrp. Iv kept my bags packed fortunately because I know what I hold, so here’s to the bright future of XRP. Also at this current economic climate I recommend going 50/50 xrp and silver if you can buy. Good content and much appreciated reminder sir!

[@adetorrent]

Thank you for this comment. Experience like this gives you mental clarity. Many people don't have this experience and don't understand the cyclical nature of this market. I wish you good luck this run. It's going to be a good one. It's going to be hard to actually sell once the euphoria kicks in, but mental clarity and experience helps

[@5crassrocker]

​@@adetorrenthard to sell due to the off ramps going down? like exchanges going down?

[@jackj3573]

@@5crassrocker I could be wrong, but I don't think that's what he meant. "Hard to sell" meaning that, with lots of euphoria, we might want to wait for higher prices before selling some XRP and taking profit. In the recent 'spike' when Ripple (for the most part) won the lawsuit, XRP traded a little higher than $1.24 CAD on the exchange that I use. In my usual investing-trading methodology, I would have sold some, but it doesn't make sense to sell any XRP at that price, considering that it could easily get to $10 CAD or more. Even at $10, it's "hard to sell" XRP, considering that it could go to $50 CAD or more.

[@livelife8980]

I am doing exactly just this.XRP And silver.till the wheels fall off

[@paulslevin610]

I've been doing just xrp and silver for a couple of years or better and both move like frozen molasses in the arctic. Yet every damn day nothing but sky high predictions and they are frozen. Started selling silver - it's been manipulated forever and I dont see that changing any time soon. Whoever has a grip on it ain't letting go. Fk em

[@rjthetruth3164]

Taking out 10% profit of XRP when it blows up, and then use some of that profit for other IS0-20022 Tokens that didnt rise in price yet! Gotta use that momentum to keep making our money work for us! I cant wait for us to have the opportunity to start Staking our coins for passive income! 🔥

[@0r14n583lt]

I'm factoring in taxes on my liquidation decision making. It's one of the reasons why I don't swing trade crypto.

[@kiwiocanz3739]

Nice content, mate! You got a new subscriber. Cheers, from Auckland, New Zealand

[@adetorrent]

Thank you. Much appreciated

[@DJPaulySmallz]

Make that 2

[@MrK3W]

It’s not about paying taxes. Here in the US, we don’t have crypto tax code as of yet. So without code how are you paying taxes but I’m assuming you’re not in the US.

[@ghosted000]

Lot of bots determined to get the hold of peoples xrp on every channel on KZbin

[@adetorrent]

It's crazy.

[@philipdebruyn3146]

This is really great, except for the irritating, unnecessary background “music”.

[@marwanelkaissi7688]

Please don't forget to exclude your name in the bank statement when you have an LLC. Otherwise, a court order will get into your account, and snap whatever you owe on a credit card out of your bank.

[@XRP-Alchemy]

When was a good time to sell Amazon? Sell XRP?

[@thebigo2605]

Put everything in a trust fund

[@adetorrent]

LOL

[@stevenbrown5087]

I'll never sell xrp not one.

[@MsLampalampa]

What will ripple stable coin mean for xrp ? Why is it even needed why not turn xrp into a stable coin since it can have a set price ?

[@lucdubois3927]

Because it plays a different role

[@lgr1966]

OMG, it is more me asking god for help! But usually say when not happy about something!!

[@wangmowangmo9348]

This guy is a blessing

[@adetorrent]

🙏😂

[@Formerfatty]

This is some real honest advice man I have alot of shares of XRP I know it's potential. If it just hits 100 dollars a share I'd feel beyond blessed. I'd get my taxes paid instantly, then start working on A AI programmed to help humanity save the earth.

[@adetorrent]

Wow. I wish you the best. You have a kind heart

[@davidezeagwu33]

Great video

[@susanbrowning5325]

Great advice! Thank you!!!

[@adetorrent]

Thanks for watching

[@TheALPod]

whats your current thoughts on the xrp markt

[@Here24]

Thanks for the very valuable advice. I would recommend, at least in countries such as Germany where I am, where taxes are skyrocketing, to first move to some kind of tax paradise before you sell.

[@fernandezdarkovic]

The Ripple-SEC case highlights the urgency for clear crypto regulations, setting the tone for future industry-wide rules. Embracing the financial shift via cryptos like XRP, Ethereum, and Bitcoin requires up-to-date knowledge and a focus on financial targets. Despite the risks, crypto offers unrivaled growth potential. With Debra Crawshaw's expert analysis and tactics, my portfolio surged to 17 BTC in just 9 weeks. Her skills are crucial for anyone wanting to bolster their investments, epitomizing the financial empowerment cryptos can bring.

[@scammersarepathetic]

Scam alert 💩🐷🐷

[@fernandezdarkovic]

@DEBRACRAWSHAW .

[@fernandezdarkovic]

She's often interacts on Telegrams, using the user-name

[@dorothyjoan3622]

I read more about “DEBRA CRAWSHAW Trading Program" on the internet. She's definitely a Pro.

[@lodforur4689]

This is an opportunity for newbies to capitalize on, It's quite a shame people Can't see this, tradng is everything right now

[@pendingpublishing663]

Ollecting taxes for any god or corporation is not mandatory Wrong ...

[@Kevinm0626]

You don’t have to pay taxes if you don’t sell. 🤨

[@lucdubois3927]

Exactly. What if I buy a house and a car using crypto and I use a crypto credit card for my other needs? I never sold for dollars so I don't pay any taxes ?

[@doa-rave]

Dude there's less then 300k people holding XRP, less then 125k holding over 10k XRP .

[@shaunspencer8494]

Great content brother, your the first one I have heard address this subject in detail. I've heard some content creators say have an exit strategy. But you actually broke it down. Thank you for the great advice. Keep up the good work bruh. One!

[@adetorrent]

Thanks for watching

[@CampbellDownie]

One of the best videos ever

[@adetorrent]

Wow, haha. thanks

[@DarkDittoCollectibles]

Fantastic information and well explained

[@adetorrent]

Thank you

[@cryptoBlockchainDev]

Well if I became so rich my first step is buy a farm with house. then invest in copy trading, invest in crypto staking trading and donate some money to charity and thank GOD. Regarding to taxes I don't think crypto is taxable in my country PH.

[@EmangxMusicTV]

You know what will be nice. If I can take a collateral loan against XRP. Live off the loan, keep my XRP portfolio growing, and not pay taxes since I'm not selling the assets 😊 If anyone knows a XRP collateral loan program. Please let me know.

[@lgr1966]

Year later .54 after break out to .66, this week! it's laughable that this coin is good for anything, but it is!!!🎉

[@hemlo7494]

How in the world is anyone paying taxes on crypto that they have not sold??? Tell me that`s not a thing in the US. You pay taxes after you sell. Not before.

[@RandySmith-iz1ml]

I don't know about the UK but in the US at this point, you only pay tax on your crypto if you sell. And the tax is less if you hold your crypto for at least a year, that will cut your tax by about half.

[@ericstott8105]

Ummm, we moved all of our XRP into a Roth IRA....no taxes.

[@StephenGrindle]

First time here great advice

[@GodisGood941]

Unfortunately if u hold less than a year u will owe stupid amounts of taxes

[@seanmatthews8280]

Yeah, sell before the insiders do, as usual, look at the historical chart!!

[@ToffeeNose1878]

Fantastic, thank you for your knowledge 👏🏻👏🏻👌🏻

[@adetorrent]

Thank you

[@erastuskimanzi8464]

Advice me on how to purchase this XRP. Please and which platform is easy to navigate and what payment method. I will be glad and thank you.

[@amexna]

Great advice. You just earned a new subscriber. Thank you, sir.

[@amexna]

@adetorrenthelpline I have. Thank you.

[@pdispdat5813]

Just spend off your Ledger visa card that's coming. 2.5mil daily spending limit.

[@adetorrent]

hahahaha

[@WayneAtkinsonEntrepreneur]

you dont pay any tax until you sell....even if your crypto goes up and then down....

[@youngstyles5478]

@goatwaterzen great soft music and sounds that would go well with your videos

[@jubjuicebruin2741]

I live like I'm poor so that one day I will be rich.

[@arrongoodwin3339]

40% tax on realised capital gains. If you are holding long term makes no sense selling at the top of every bull run. 40% is a lot to make up

[@WilbertRichardson-i6z]

Can have a trust fund circumvent the 40% tax. ?

[@brucewhite9657]

Start a non-profit in your name and donate it all to your nonprofit. No tax 😁😁

[@dat_guy3]

First of all its impossible for XRP to reach 1000$ in the nearest future lmao dont get over your head..

[@user-ee3vi8cw9u]

Wonderful, thank you my friend. Alhamdulillah great advice.

[@adetorrent]

Thank you 🙏

[@kosickf112]

You don’t pay taxes on things you don’t sell buddy lmao

[@TheGlobalTravelr]

Excellent bullet points Ade! With the remaining 25% that you mentioned, I would retain a higher percentage and route it through an AMM (Automated Market Maker) thereby generating tax free passive income.

[@adetorrent]

Thank you. That's actually a great idea! Good luck

[@playlist1697]

What’s a AMM? How does one get into this?

[@a.mendez2894]

How do you create passive income with XRP

[@USCG.Brennan]

I lkee your presentation....down. to earth and honest. I subbed...... ;-)

[@BiblicalFlatEarthJoshua]

set up a trust

[@steventownsend9233]

Why sell when you can use debt to buy assets and live free in those assets

[@kbs7340]

Sensible Gentleman 💖

[@adetorrent]

Hahah. Thanks

[@AFroFamilyman]

Im running to africa, take all my mola.

[@notpoliticallycorrect]

Excellent channel! You have a good heart!

[@adetorrent]

🙌 thank you

[@runehalm6059]

Smart!

[@adetorrent]

Thank you

[@cryptoBlockchainDev]

thanks dude for advice.

[@RoghachTheGod]

Good video Sir! This is an important topoc. Me I have made and used a excell sheet for years where I keep track of my investment. If I sell for feks 200k, I know exaxtly how much to transfer to my tax acc. If I would sell for millions, I would first transfer all gain to my bank acc, then pay all dept and buy a new car and house and put in a high amount on my buffer. The rest I would reinvest. 60% dividents, 30% stock og 20% crypto. This is my plan. As its my first crypto run I will NOT waste this oppertunity.

[@adetorrent]

You’re already ahead of most 🙌

[@Ozmni11]

Very good points. Thank you!

[@Teebar555]

Excellent comments

[@JP01_]

Absolutely wrong, the uk want half of anything you make over 100k 45% capital gains tax you’re better off taking it out incrementally below tax threshold 12k somthing that’s lower limit and they still want 10% 🤣 if I ever make anything substantial I’m leaving instantly.

[@adetorrent]

ROTFLOL. Video needs an update. Things have changed quite a bit since making the video.

[@seyhachea]

20 seconds into this video and Im already like NAH. An LLC won't protect you in this case, . owning crypto does not warrant an LLC. First thing to do is take your crypto off an exchange and store on a hard wallet. Second is to talk to a tax advisor or lawyer BEFORE selling.

[@adetorrent]

So did you end up watching the rest of the video?

[@preciseaudioblog]

5:15 You create that passive income from the exchange? Anyone?

[@adetorrent]

No. I will be a "Liquidity provider" or a "Market Maker as a service" contributor. All you will need to do is hold XRP and it will generate residual income. The more XRP you have, the more the income. It will be like owning property.

[@RideLow357]

Thats not true YOI DO NOT PAY TAXES IF YIU DO NOT SELL!!!!! Only pay taxes if you sell

[@adetorrent]

That’s what I said

[@cryptonomad4884]

Always such high quality content Ade!!!

[@harrysachs1709]

$100 or $500??? Man if xrp went to $4 I would be content because I feel that's about where it will go in 2025 if it went to $8 I would $hit myself. Anything more than $8 wouldn't even matter because I will of sold out by then. Holders of xrp are so wore out by this long lawsuit and poor performance I feel most will of got out before it goes to $8. I have 500k xrp and selling 200k at 2 different price points and I will hold 100k incase something crazy happens.

[@adetorrent]

You're in the top 1% of XRP holders. You've taken on more risk than 99% of people. I think your targets are wise. Also, yes, I will also crap myself at ~$8 😂

[@Womagical]

Great video! I'm subscribing..If you already have LLC business should we get another one when XRP skyrockets?

[@Donna777]

​@adetorrenthelplineSCAM

[@MrMalcolmLLC]

In America the US Constitution says as a black man I am only 3/5th of a human being. I shouldn’t pay taxes since they don’t tax dogs & cats !

[@adetorrent]

ROTFLOL!! Not so fast bro. You have to pay tax, but I guess you're entitled to 40% discount!! 🤣

[@paulw7047]

Very valuable information, thank you!

[@adetorrent]

My pleasure. Good luck.

[@TheGreatestBeyonder]

YOU’RE THE FIRST KZbinR to say sell some of your bag! (And I’m not condemning that), but the likes of Digital Outlook, Crypto LewLew, all say HOLD!?! Do you need to sell if you don’t need the capital right now? If it is going to rise (eventually) why not hodl for a better price (again, if funds are not required)? There’s so many variables…. I watched in March & July both price pumps but didn’t trade. Maybe I should of? 🤷‍♂️ But I’m sitting of a healthy bag and don’t need the money right now… let’s all just hope xrp doesn’t get a loss in the appeal (which will happen)! Good show, thanks 👍🏻

[@adetorrent]

I've seen a couple of others also say sell a bit. One guy even said he'll get out completely haha. Honestly, like you said, it's different for each person. If, like you, you don't need to capital, then HOLDing is probably the best option. When the time comes, you can make a lot of passive income on the money that will make up for any trading gains you missed out on in the long run. Your situation is probably the best type. Other people, for example, are in debt. It would be better, in my opinion, for them to release some funds to clear their debt if XRP does a blow-off-top pump. Once their debt is clear, then can enjoy more disposable income going forward... and the price of XRP will cool off a bit anyway regardless. Nobody has a crystal ball, we can only try and do the best thing for our personal situation. there's no one size fits all strategy

[@tronefrance8319]

no, Bearable Bull says it everyday !

[@TheGreatestBeyonder]

@@tronefrance8319 true dat 👍🏻 (I’m certain he’s swing trading)!

[@alMighty8989]

I can tell you something with 100% proof. If EVERYONE saying something it will never happen. Buy the rumour, sell the news.

[@adetorrent]

You're not 100% wrong. :)

[@XaiLor-hz9qi]

Iam one of them to much road block

[@amonzia]

Hi Mate. You are aware of what the new labour government plans to do with capital gains tax, right?

[@adetorrent]

Yup. This is an ancient video though

[@victorenriquez2642]

Great advice my friend!!!! From Texas!!

[@Eth3reality]

Thank you!

[@SammatthewJames]

U only pay tax wen u sell lol

[@adrianriley1939]

My friends all call me Ade, and I also love XRP! So feel like it was a sign coming across your channel haha. Also, very balanced information that I completely dig. Cheers Ade ;)

[@adetorrent]

Haha Nice one. Thanks

[@2dogscaged]

Very informative make more videos like this

[@TiffaniVinyardMusic]

Such an awesome video 👏🏻 So knowledgable. Thank you 🙏🏻

[@adetorrent]

Thank you :)

[@Sloris19]

But I got no xrp

[@oliash92]

Great advice thank you Ade

[@adetorrent]

Thank you 🙏

[@sebastianpremholt4256]

Good advice 👍 thanks 🙏

[@AndyBlackSEO]

I recently realised I still have 585 XRP and 2500 XLM in an account. Bought back in 2017. Worth a few hundred quid. Will probs cash out. Not worth keeping.

[@Wiz145]

The next wave of millionaires will be $dexa coin holders

[@MichaelBalfrey]

Repeat

[@HICKSJ24]

1:54 #Lmfao 😮😮😮😮 we don't pay taxes cause the govy doesn't have no control over it

[@adetorrent]

Unless you’re in Dubai or Portugal or somewhere like that, they know you and they will come collect their tax at your home 😂

[@richyglitched]

Dont buy XRP. Problem solved

[@adetorrent]

🙌

[@Tsunami29500]

Do you still have to pay tax if you don’t sell and still hold ?

[@adetorrent]

No