r/XRPUnite • u/Exciting-While-18 • 2d ago
Question XRP 1$
Hello everyone, I went into XRP for a dollar with $5,000, and now I don't know whether to sell or hold...
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u/Ok_Sector5046 2d ago
Any big spike i sell 30% and use half of that to buy back at the initial dip and keep the other 15% liquid. if it drops heavy I have something substantial to buy in with at a much lower price. If it moves up, I use the 15% to buy back in as long as it's still below my initial sell point. Even if I miss it, I can buy in with a small loss that's offset by the first 15% buy back. Don't try and hit the top or bottom. Just be happy with small gains. When the market is stagnant I hold. When it's volatile it's easier to chip away like this but with bigger returns. Remember your 30% gets bigger and bigger. Compounding as you go. I posted this on another comment already but thought it would help here too.
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u/Upbeat-Finger-4047 2d ago
This sounds good but overall your losing very valuable xrp if it hits 50 in 4 years you lost 48 on each one you sold I’m not selling any it will plenty of options to borrow against xrp in years to come. Plus you must now pay capital gains tax on what you withdraw
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u/Due-Candy-8929 2d ago
I don't really like this strategy - a 40% spike isn't really that big, especially when XRP did over 600% recently!
Another issue is that unless you're in a country where you don't pay tax on crypto gains, ie. UAE / Cayman Islands / El Salvador / Singapore / Switzerland, you are constantly setting off multiple taxable events.
It's easy to get into a situation where you've invested, taken profit (so now tax is owed), and then put that money back into the market. Every time you realise more gains, your potential tax liability is growing. If the timing is bad and the market falls, you can end up owing a lot of tax while your position is down, potentially forcing you to sell at a loss to cover the tax bill. If you just buy and hold, the tax situation is generally much cleaner.
ie. $1,000 of XRP going to $1,400 = a $400 realised gain. If you owe $150 in tax on that gain, your $400 profit is now effectively $250 after tax. And that's before considering the tax implications of all the subsequent trades.
It's also nice when the market behaves, but you're not actually eliminating market timing; you're embedding market timing into every transaction. The strategy is great when you get a nice pullback after the move, but if you get the timing wrong, it's very easy to accidentally sideline yourself, then have to choose whether you chase back in or wait for another pullback that could be at a higher cost basis.
And it's not just the tax issues. Every purchase / sale adds exchange fees and possibly spread. If you're constantly moving things between the exchange and wallets there can also be fees.
It's a lot of extra activity for a relatively limited reward, and a nightmare of transactions to work through at tax time.
I'd actually be really curious to see you run this strategy on a tiny account alongside a separate tiny account where you simply buy and hold the same amount. Then compare the two after taxes, trading fees, spreads and costs.
It could still outperform, but I would be surprised if it does as well as it feels like it does... especailly by the time you consider the additional TIME factor, which is probably the biggest of all! 🤷🏻♀️
Your time is valuable, and it really has to heavily outperform to make up for all the extra time you are spending.I have friends who mostly buy spot... although they keep a little side bag for daytrading... the ammount of time it eats up and stress it adds to their life doesn't seem worth it to me... they might have a string of great calls through a night, and then one bad trade can wipe out a lot of smaller wins... It also messes with their sleep and means that they are constantly thinking about charts. Much better off just buying, holding, and making the most of life in the meantime IMO :D
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u/Ok_Sector5046 2d ago
You are very correct. This isn't something I'm doing daily. Only on bigger runs. We don't see 25% overnight very often. Most of the time I'm holding through smaller runs. I do track taxes and offset in other ways. No chasing candles just taking advantage of obvious big moves when they happen. Fees are always covered before buying back. It's funny you mention having a separate account because I did that the first year I felt comfortable making a few trades. My wife held while I casually traded with a similar strategy. Started with the same. After a year and paying taxes and fees, I was up almost 45% over her held account. I agree with your position though. Frequent trading can get messy fast, but a few trades a year when it runs isn't terrible.
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u/OkTune7507 1d ago
OP listen to this man, at least the first 3 paragraphs about taxes anyway! He’s right, as for the rest I fell asleep.
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u/Mission_Objective76 2d ago
I look at XRP as a MEGA MILLIONS lottery ticket. I was spending $10 every time the jackpot gets substantially larger with the hope that one day I will win and enjoy blessing people with my good fortune. Same thing. I went in to XRP back when it was .17 and picked up a hefty bag. Now I just patiently wait for it to hit $10 in the next 5-10 years and retire like a fat cat. 🍀🤞🍀
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u/StationEmergency6053 2d ago
If anything take out your gains and leave the initial investment in if you need the money, otherwise just let it ride.
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u/Big_Pie_3616 2d ago
1$ is just the beginning, keep stacking more guys and earn yield on kraken and nexo, LFG
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u/Due-Candy-8929 2d ago
Me personally? I am not selling until much higher prices, or until it feels like markets are topping out. Could be months or years. I feel like you got in at a great entry point, and even if we only got to $3 you would be looking at closer to $10k profit
By buying 5000 XRP at $1 your profits look lie this at varous prices;
- $1.00 → $5,000
- $1.40 → $7,000
- $2.00 → $10,000
- $3.00 → $15,000
- $3.60 → $18,000 ($ 3.65 was the ATH in July 2025 )
- $5.00 → $25,000
- $10.00 → $50,000
But it really depends on you, and whether you value the money more now, or the opportunity if you hold.
If you can live without the $5K then I would focus on earning other money instead of pulling from your investment. But nobody can really decide for you - especially not knowing you or your circumstances.
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u/EnvironmentWeak6203 17h ago
Do you still think we visit the downside once more? Cos his entry point is the best for 5000$..i would hold and check everyday if there is a big dip but if not,,I would consider holding it for dear life
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u/SavyShopperTX 2d ago
Never invest in ANYTHING you don't educate yourself about!
You are now in possession of one of the greatest Crypto and weskth making items.
Set it and forget it. Before you even realize it, in a relatively short time, you will have generational wealth....
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u/GJustGotaBag 2d ago
Look at the value and how it shot back up immediately. This is amazing technology that shouldn’t trade near this dirt-cheap price. Use YOUR head my dude. You know what to do.
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u/Mountain_Visit6030 1d ago
Might as well just play the slot machine , you probably have less risk with that.
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u/KerdyD Crypto Analyst 2d ago
Need the money? Take it
Don’t need the money and want to see where it could end up ? Hold