Software Dev Has Special Advice for XRP Holders
2025-07-18 17:14:31
Main Idea
Vincent Van Code warns XRP investors against short-term trading and taking profits during its price surge, advocating for long-term holding to reduce taxes and avoid emotional stress, while also cautioning against buying at current high prices.
Key Points
1. Van Code argues that taking profits during XRP's bull market can be financially inefficient and emotionally damaging due to capital gains taxes and market volatility.
2. Holding XRP for more than a year can reduce capital gains taxes by up to 50% in many countries.
3. Van Code advises against buying XRP at its current high prices, stating that new buyers may be entering too late and taking unnecessary risk.
4. XRP's price has surged, reaching $3.38 with a 24-hour high of $3.65, driven by bullish catalysts like regulatory developments and institutional adoption.
5. Analysts project further price increases for XRP, but Van Code emphasizes the importance of long-term discipline over short-term speculation.
Description
Vincent Van Code, a respected software developer and crypto market analyst, has issued a sobering warning to XRP investors amid the asset’s explosive price surge. In a recent X post, Van Code challenged the prevailing strategy of “taking profits on the way up,” arguing that it may be both financially inefficient and emotionally damaging, especially in a full-blown bull market like the one XRP is currently experiencing. The Case Against Short-Term Trading Van Code believes that selling too early ...
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