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Demonpenz 12-24-2017 08:47 PM

I like Ripple and Litecoin. I am stupid though...so there is that.

RunKC 12-24-2017 08:54 PM

Quote:

Originally Posted by Couch-Potato (Post 13306979)
So I've been doing all that I can to try and catch up on Cryptocurrency, but I still feel behind. If you had $5k-$10k to invest in January 2018, which currency(s) would be your best bet?

I like XRP and XVG.

I do think privacy coins will grow in 2018. Research the advantages of the new coins in terms of speed, security, anonymity, team, etc.

BWillie 12-24-2017 09:13 PM

Verge is ****ing stupid. Why is everyone so amped up about Verge? Verge is a fork of dogecoin w/ no added privacy features, but lots of false advertising about being a privacy coin. Theyve gained favor of influencers & paid for newspaper ads. Market manipulation while having no actual tech to back it up.

Better off with Monero or PIVX for a privacy coin, but I guess theres no substitute for hype.

Couch-Potato 12-25-2017 12:45 PM

what forums/websites are you using to learn about cryptocurrencies?

MahiMike 12-25-2017 01:38 PM

Gave my kids their own Trezors today with some crypto on it. Told them to treat it like a savings bond. Stick it in their drawer and never use it.

Was gonna give them BTC but takes 9 days and $35 xfer fee. BCH and LTC took 5 minutes and was free to send.

That should tell you something about which one is more practical/functional.

Demonpenz 12-25-2017 01:50 PM

Quote:

Originally Posted by Couch-Potato (Post 13307637)
what forums/websites are you using to learn about cryptocurrencies?

God damnit. A guy on here runs The Bad Crypto Podcast. Listen, learn it, love it.

Jewish Rabbi 12-25-2017 02:21 PM

Quote:

Originally Posted by MahiMike (Post 13307693)
Gave my kids their own Trezors today with some crypto on it. Told them to treat it like a savings bond. Stick it in their drawer and never use it.

Was gonna give them BTC but takes 9 days and $35 xfer fee. BCH and LTC took 5 minutes and was free to send.

That should tell you something about which one is more practical/functional.

Lol wut

ChiefRocka 12-25-2017 03:07 PM

Quote:

Originally Posted by MahiMike (Post 13307693)
Gave my kids their own Trezors today with some crypto on it. Told them to treat it like a savings bond. Stick it in their drawer and never use it.

Was gonna give them BTC but takes 9 days and $35 xfer fee. BCH and LTC took 5 minutes and was free to send.

That should tell you something about which one is more practical/functional.

Every chain is going to have scalability issues when they reach a certain level of transaction saturation.

If you really want the closest thing to bond level security in the cryptosphere you should stick to BTC and ETH. When the next great crash hits, these networks will recover their value.

Aspengc8 12-25-2017 03:07 PM

Quote:

Originally Posted by Jewish Rabbi (Post 13307713)
Lol wut

trezor/ledger are the two most popular ‘hardware’ wallets that store your coins offline. you can also just keep them in a software wallet on a pc or mobile device. I use exodus on my pc and printed a encrypted backup just in case.

Jewish Rabbi 12-25-2017 04:11 PM

Quote:

Originally Posted by Aspengc8 (Post 13307766)
trezor/ledger are the two most popular ‘hardware’ wallets that store your coins offline. you can also just keep them in a software wallet on a pc or mobile device. I use exodus on my pc and printed a encrypted backup just in case.

I know what the wallet is. Where tf is he buying that takes 9 days and charges a $35 transfer fee?

BWillie 12-25-2017 04:39 PM

Quote:

Originally Posted by Jewish Rabbi (Post 13307852)
I know what the wallet is. Where tf is he buying that takes 9 days and charges a $35 transfer fee?

Last week i tried to send BTC between 40 and 60 sat/byte like I always do. Theyve always confirmed before within 2-3 days max but this time they both say unable to broadcast seven days later. Most of this is being cleaned up and transactions are already a little cheaper and faster. I expect it to improve even more in the coming weeks but it certainly is frustrating.

Last week if you wanted to send $25 uSD of BTC in less than 45 min the fee would be more than the btc itself you were sending. Ive always used custom low fees when sending though, so I dont care if it takes a couple days as long as it confirms and was cheap.

RunKC 12-25-2017 04:47 PM

What do you guys think about XRP and XLM? Seems like XLM is just like XRP, but not with banks.

Couch-Potato 12-26-2017 08:05 AM

Quote:

Originally Posted by Demonpenz (Post 13307700)
God damnit. A guy on here runs The Bad Crypto Podcast. Listen, learn it, love it.

Will do! Thank you! ...any other websites/forums/podcasts you guys can suggest?

Aspengc8 12-26-2017 09:38 AM

Quote:

Originally Posted by RunKC (Post 13307917)
What do you guys think about XRP and XLM? Seems like XLM is just like XRP, but not with banks.

I put a little into both. One is for-profit, one is not for-profit. UPS vs FEDEX imo.

RunKC 12-27-2017 04:02 PM

XRP went from .98 to 1.28 real quick

BWillie 12-27-2017 04:31 PM

Tankasaurus for Verge! I love it.

Bitcoin is now confirming at as low as 11 sat/byte, so that's cool.

PIVX $12.25
Monero $408.29

RunKC 12-27-2017 04:50 PM

Quote:

Originally Posted by BWillie (Post 13311173)
Tankasaurus for Verge! I love it.

Bitcoin is now confirming at as low as 11 sat/byte, so that's cool.

PIVX $12.25
Monero $408.29

Glad I saw your post. I got the **** out when it was at .20. Thank god

Demonpenz 12-28-2017 02:27 AM

I buy and sell. Does someone have a program they use to calculate their taxes on their gains? I just tried bitcointaxes and it seemed correct.

RunKC 12-29-2017 10:17 AM

XRP has gone from .98 to 1.64 in 1 week. I’m so happy

wutamess 12-29-2017 10:47 AM

Quote:

Originally Posted by RunKC (Post 13314066)
XRP has gone from .98 to 1.64 in 1 week. I’m so happy



Waiting for my ID verification so I can start binancing that shit. It'll pop when it gets added to Coinbase. Finally deciding to get on before.

pugsnotdrugs19 12-29-2017 01:02 PM

Quote:

Originally Posted by RunKC (Post 13314066)
XRP has gone from .98 to 1.64 in 1 week. I’m so happy

I'm about to drop $1250 or so on XRP I think.

RunKC 12-29-2017 01:26 PM

Quote:

Originally Posted by pugsnotdrugs19 (Post 13314348)
I'm about to drop $1250 or so on XRP I think.

Better buy ASAP. It’s at 1.80 now.

This is awesome!

TambaBerry 12-29-2017 01:30 PM

I bought 250$ of it at 0.23 cents I wish I would have bought more

RunKC 12-29-2017 03:05 PM

Best week ever. Patrick Mahomes gets to start and XRP went up $1 LMAO

Taco John 12-29-2017 04:35 PM

Ripple is eventually going to replace the bitcoin as the dominant coin. Bitcoin is the Netscape of coins. Ethereum is Yahoo. Ripple is Google.

pugsnotdrugs19 12-29-2017 04:36 PM

Quote:

Originally Posted by RunKC (Post 13314393)
Better buy ASAP. It’s at 1.80 now.

This is awesome!

Bought Bitcoin to transfer to XRP but it won't allow me to do so until the 6th. That shit will probably rise another dollar. :cuss:

Taco John 12-29-2017 05:01 PM

I bought 2000 at $0.62. This run up is amazing!

BWillie 12-29-2017 06:17 PM

Quote:

Originally Posted by Taco John (Post 13314703)
Ripple is eventually going to replace the bitcoin as the dominant coin. Bitcoin is the Netscape of coins. Ethereum is Yahoo. Ripple is Google.

Maybe, but I doubt it. People don't want to say most of the reasons why they love cryptocurrency. But ripple certainly doesn't have those characteristics. The goal of ripple is to profit and then get picked up by banking institutions.

I think you'll see Bitcoin be around a long long time as a secure store of value, and privacy coins really become the valued coins.

BWillie 12-29-2017 06:24 PM

Quote:

Originally Posted by Taco John (Post 13314735)
I bought 2000 at $0.62. This run up is amazing!

I bought Bitcoin at $650. (Now +2300%)

PIVX at around $1. (Now +1200%)

DASH at $225. (Now +550%)

Litecoin at $50. (Now +500%)

Ripple is having a nice run, and its very interesting to see a crypto that doesn't really care about it's supply going up in value. Still can't say I'm super pissed I don't have any, but I suppose I'll hop during it's next dip.

BCH & Ripple will forever be my doom.

Ripple has now passed Ethereum as the #2 cryptocurrency in the world in marketcap.

Hog's Gone Fishin 12-29-2017 06:29 PM

Quote:

Originally Posted by BWillie (Post 13314889)
I bought Bitcoin at $650. (Now +2300%)

PIVX at around $1. (Now +1200%)

DASH at $225. (Now +550%)

Litecoin at $50. (Now +500%)

Ripple is having a nice run, and its very interesting to see a crypto that doesn't really care about it's supply going up in value. Still can't say I'm super pissed I don't have any, but I suppose I'll hop on board soon.

BCH & Ripple will forever be my doom.

I see a yacht with whors and blow in your near future.

I just bought two powerballs and two megamillions potentially worth 420mil cash value.

I'll see you at the boat dock

MahiMike 12-29-2017 08:21 PM

Quote:

Originally Posted by BWillie (Post 13314889)
I bought Bitcoin at $650. (Now +2300%)

PIVX at around $1. (Now +1200%)

DASH at $225. (Now +550%)

Litecoin at $50. (Now +500%)

Ripple is having a nice run, and its very interesting to see a crypto that doesn't really care about it's supply going up in value. Still can't say I'm super pissed I don't have any, but I suppose I'll hop during it's next dip.

BCH & Ripple will forever be my doom.

Ripple has now passed Ethereum as the #2 cryptocurrency in the world in marketcap.

Well done sir.

Jewish Rabbi 12-29-2017 08:49 PM

The biggest innovation of Ripple is the supply being so large that the unit price stays cheap. Tricks all the dumb money to buy in.

MahiMike 12-29-2017 09:43 PM

Little birdie tells me BTC is trending negative. May be good time to cash in a bit.

Taco John 12-29-2017 10:22 PM

Quote:

Originally Posted by BWillie (Post 13314875)
Maybe, but I doubt it. People don't want to say most of the reasons why they love cryptocurrency. But ripple certainly doesn't have those characteristics. The goal of ripple is to profit and then get picked up by banking institutions.

I think you'll see Bitcoin be around a long long time as a secure store of value, and privacy coins really become the valued coins.

The thing that you have to understand is that Ripple IS getting picked up by the banking institutions. They have over 1000 banks signed on that are in the process of coming on board. That will give XRP a stable floor, and it will float a lot of boats. Banks aren't going to turn to Bitcoin for their back institution liquidity needs. They're going to turn to Ripple. Look at where Bitcoin is right now. That's where Ripple is headed.

Taco John 12-29-2017 10:29 PM

Quote:

Originally Posted by Jewish Rabbi (Post 13315153)
The biggest innovation of Ripple is the supply being so large that the unit price stays cheap. Tricks all the dumb money to buy in.

Ripple owns 60 percent of the supply. That's 60 billion dollars. Correction, now it's 120 billion after this weekend. I don't know this for sure, but my business partner and I think that they are going for a 1 Trillion dollar valuation for that pile of coins and be the whale in the market that keeps it stable.

I don't expect it will happen overnight because they need stability in their system. It will happen in progressive increments on Fridays and holiday weekends like what happened today.

(just my opinion. Not financial advice)

RunKC 12-29-2017 10:29 PM

Quote:

Originally Posted by Taco John (Post 13315322)
The thing that you have to understand is that Ripple IS getting picked up by the banking institutions. They have over 1000 banks signed on that are in the process of coming on board. That will give XRP a stable floor, and it will float a lot of boats. Banks aren't going to turn to Bitcoin for their back institution liquidity needs. They're going to turn to Ripple. Look at where Bitcoin is right now. That's where Ripple is headed.

I agree but I’m not sure the market cap will allow it to get as high in price as bitcoin. I do think Ripple is a great idea and their transfer possibilities for banks will be extremely beneficial for future use.

I pray to God you’re right and it blows up the next 3 months.

Taco John 12-29-2017 10:31 PM

Bitcoin will always be around as a hobby horse for people, but it's a sinking ship because they have a fixed supply that will encourage bouts of inflation and subsequent deflation, and the high fees will eventually be the straw that broke the camels back. When you have to pay $40 bucks just to get $200 in bitcoins, you learn real quick, "**** bitcoin."

Ethereum, Cardano... and a privacy coin of some type. Maybe Verge. Something with a ton of supply. These will eventually be more popular than bitcoin, IMO.

Taco John 12-29-2017 10:36 PM

Quote:

Originally Posted by RunKC (Post 13315338)
I agree but I’m not sure the market cap will allow it to get as high in price as bitcoin. I do think Ripple is a great idea and their transfer possibilities for banks will be extremely beneficial for future use.

I pray to God you’re right and it blows up the next 3 months.

They've got a long term plan. This isn't going to happen in 3 months, but it will happen. They're going to be a huge institutional player and all boats that start on the bottom will float to the top. These are the big boys. This is not some kids with a cool concept.

Here's a look at their plan for stability.
https://ripple.com/insights/ripple-t...al-xrp-supply/

BWillie 12-29-2017 10:37 PM

Quote:

Originally Posted by Taco John (Post 13315322)
The thing that you have to understand is that Ripple IS getting picked up by the banking institutions. They have over 1000 banks signed on that are in the process of coming on board. That will give XRP a stable floor, and it will float a lot of boats. Banks aren't going to turn to Bitcoin for their back institution liquidity needs. They're going to turn to Ripple. Look at where Bitcoin is right now. That's where Ripple is headed.

That is exactly why I don't like Ripple. I DON'T want my crypto currency to be associated with ANY bank. I especially don't want a company to own so much of their own currency. They could flood the market, short it, or pretty much manipulate it at their own gain whenever they wanted.

Quote:

Originally Posted by Taco John (Post 13315341)
Bitcoin will always be around as a hobby horse for people, but it's a sinking ship because they have a fixed supply that will encourage bouts of inflation and subsequent deflation, and the high fees will eventually be the straw that broke the camels back. When you have to pay $40 bucks just to get $200 in bitcoins, you learn real quick, "**** bitcoin."

Ethereum, Cardano... and a privacy coin of some type. Maybe Verge. Something with a ton of supply. These will eventually be more popular than bitcoin, IMO.

Coins with a finite supply that get super popular with tons of transactions per second are always going to have scaling issues. SegWit drastically reduce this hurdle eventually.

Jewish Rabbi 12-29-2017 10:38 PM

Quote:

Originally Posted by Taco John (Post 13315336)
Ripple owns 60 percent of the supply.

Which is exactly, IMO, why it won’t overtake Bitcoin. That supply is what is being used in financial institutions, not the publicly traded supply. Don’t fool yourself into thinking the token you have now will be used at a bank after you sell it. Couple that with the fact that the most accessible crypto exchange, Coinbase, has a policy of only listing decentralized coins, I just don’t see Ripple going much higher than it is now.

Fat Elvis 12-29-2017 10:40 PM

FWIW, the Ripple CEO is a Topeka native.....

Jewish Rabbi 12-29-2017 10:41 PM

Quote:

Originally Posted by Taco John (Post 13315341)
Bitcoin will always be around as a hobby horse for people, but it's a sinking ship because they have a fixed supply that will encourage bouts of inflation and subsequent deflation, and the high fees will eventually be the straw that broke the camels back. When you have to pay $40 bucks just to get $200 in bitcoins, you learn real quick, "**** bitcoin."

Ethereum, Cardano... and a privacy coin of some type. Maybe Verge. Something with a ton of supply. These will eventually be more popular than bitcoin, IMO.

Bitcoin does have a scaling issue, but with the lightning network coming (soon?) the transfer fees will work themselves out.

Part of the problem with transfer fees right now are all the spam transactions from Bitcoin haters to try to drive down the price.

TigeRRUppeRRcut 12-29-2017 11:07 PM

Kidnapped Crypto Exchange Executive Reportedly Paid $1 Million Ransom in Bitcoin

https://gizmodo.com/kidnapped-crypto...d-1-1821658250

Hide yo kids, hike yo bitcoins cause they kidnapping everybody out there

Taco John 12-29-2017 11:30 PM

Quote:

Originally Posted by Jewish Rabbi (Post 13315351)
Bitcoin does have a scaling issue, but with the lightning network coming (soon?) the transfer fees will work themselves out.

Part of the problem with transfer fees right now are all the spam transactions from Bitcoin haters to try to drive down the price.

I heard that the first lightning network transaction happened tonight. That's very interesting.

Don't take me wrong. I don't think Bitcoin will ever go away. I just think it will be a savings account coin, and not a "buy and spend" coin.

Taco John 12-29-2017 11:47 PM

Ripple has legs, but it's not a "get rich quick" coin. It's a "invest for steady long term returns coin." Right now it's flirting with a $100B market cap (which is remarkable because it was at $43b just 3 days ago). But even if it got to a trillion dollar market cap, you're only looking at a $50.00 Ripple. To get to a $2500 price on XRP, it would need to have a ridiculous $100 trillion market cap. Not going to happen.

XRP is designed to be a liquidity coin that can be shuttled around by banks at fast speeds and super low fees. Bitcoin and XRP can co-exist. They'll just be used for different purposes (along with a tapestry of other coins that will all serve a purpose - there will not be "one coin to rule them all.")

BossChief 12-30-2017 12:08 AM

Where’s the best place to buy ripple?

Ecto-I 12-30-2017 12:11 AM

Quote:

Originally Posted by BossChief (Post 13315452)
Where’s the best place to buy ripple?

I bought via Bitstamp. Tried to open a Kraken account but it turned out being such a headache.

Taco John 12-30-2017 01:21 AM

Quote:

Originally Posted by BossChief (Post 13315452)
Where’s the best place to buy ripple?

Bithumb and Binance are the two platforms with the most Ripple action. I have never used Bithumb, but I love Binance. It's great.

Sofa King 12-30-2017 11:11 AM

Is it worth buying ripple at the current prices?

Jethopper 12-30-2017 11:26 AM

next fib level past 11500 is 9850 usd. A very good buy point for BTC. https://www.tradingview.com/x/NXTiZkfl/

RunKC 12-30-2017 11:33 AM

Quote:

Originally Posted by BossChief (Post 13315452)
Where’s the best place to buy ripple?

I bought BTC on coinbase, then transferred it with no fees to binance using GDAX and bought XRP

BWillie 12-30-2017 03:28 PM

Quote:

Originally Posted by Taco John (Post 13315501)
Bithumb and Binance are the two platforms with the most Ripple action. I have never used Bithumb, but I love Binance. It's great.

I don't use binance, don't know about it except it's a 6 month old exchange. Hard for me to trust some of these exchanges. What info is there to show they are trustworthy?

RunKC 01-02-2018 04:02 PM

What do you guys think of Syscoin?

One of the coins with the smallest max supply. Think I should get in at .80? Surely the low max supply will help take off like all the others right?

Jewish Rabbi 01-02-2018 04:10 PM

Quote:

Originally Posted by RunKC (Post 13325786)
What do you guys think of Syscoin?

One of the coins with the smallest max supply. Think I should get in at .80? Surely the low max supply will help take off like all the others right?

I know nothing about it. What does it do? What value does it provide? How is it different from every other coin?

If you are simply buying because it has a low max supply, you are feeding into the speculative bubble. A lot of alts are going to get hurt badly at some point here.

RunKC 01-03-2018 09:16 AM

XRP is 2.62 and rising!

Taco John 01-03-2018 12:16 PM

Quote:

Originally Posted by BWillie (Post 13316196)
I don't use binance, don't know about it except it's a 6 month old exchange. Hard for me to trust some of these exchanges. What info is there to show they are trustworthy?

The only thing that you can really go by is marketcaps and wisdom of the crowds:
https://coinmarketcap.com/currencies/volume/24-hour/

BWillie 01-03-2018 12:19 PM

Quote:

Originally Posted by Taco John (Post 13327881)
The only thing that you can really go by is marketcaps and wisdom of the crowds:
https://coinmarketcap.com/currencies/volume/24-hour/

Yobit already ****ed me out of about $1500 of ethereum. All these shady exchange ****ers.

I want to buy Cardano...so I guess I'm going to have to use an exchange whether I like it or not. I guess I need to buy Ripple too on the next dip, as much as it pains me. And when I say buy that means I would convert BTC to alt coin..and I don't like reducing my holding of my baby :(

Taco John 01-03-2018 02:15 PM

Quote:

Originally Posted by BWillie (Post 13327887)
Yobit already ****ed me out of about $1500 of ethereum. All these shady exchange ****ers.

I want to buy Cardano...so I guess I'm going to have to use an exchange whether I like it or not. I guess I need to buy Ripple too on the next dip, as much as it pains me. And when I say buy that means I would convert BTC to alt coin..and I don't like reducing my holding of my baby :(

I'm not actually holding any bitcoin or even ethereum. Everything I have right now is Altcoins. I feel like that's where the greatest amount of growth is going to come, and eventual stability. To that end, I feel like Ripple is the safest thing that anyone can invest in today for solid long-term gains because it has an actual industry use case that it was specifically designed for. I'd look into its little brother, Stellar Lumens. That's a good Ripple spinoff that could turn into a mainstream coin. I feel like Cardano has a ton of value in that regard as well. It's got a 30m marketcap right now, and there is no reason that it shouldn't be at a billion by the end of the year, if not much sooner (given a run like Ripple has made). If it does that, that's a $4.00 coin. Not bad from where it's sitting now.

I probably should take more stake in ETH and BTC, but there is so much explosive opportunity in the altcoins right now that I have a hard time leaving money on those two.

Taco John 01-03-2018 02:17 PM

Also look at VeChain. They've got a pretty strong coin, IMO. Do your own research and make your own decision. I'm holding some VeChain, and plan on holding some more! :)

BWillie 01-03-2018 02:26 PM

Quote:

Originally Posted by Taco John (Post 13328201)
I'm not actually holding any bitcoin or even ethereum. Everything I have right now is Altcoins. I feel like that's where the greatest amount of growth is going to come, and eventual stability. To that end, I feel like Ripple is the safest thing that anyone can invest in today for solid long-term gains because it has an actual industry use case that it was specifically designed for. I'd look into its little brother, Stellar Lumens. That's a good Ripple spinoff that could turn into a mainstream coin. I feel like Cardano has a ton of value in that regard as well. It's got a 30m marketcap right now, and there is no reason that it shouldn't be at a billion by the end of the year, if not much sooner (given a run like Ripple has made). If it does that, that's a $4.00 coin. Not bad from where it's sitting now.

I probably should take more stake in ETH and BTC, but there is so much explosive opportunity in the altcoins right now that I have a hard time leaving money on those two.

Alt coins are for poor people.

I kid. I kid. Kind of. So many shit coins. So much BS to sift through.

Shag 01-03-2018 02:33 PM

Quote:

Originally Posted by Taco John (Post 13328206)
Also look at VeChain. They've got a pretty strong coin, IMO. Do your own research and make your own decision. I'm holding some VeChain, and plan on holding some more! :)

I just got in on VeChain recently, looks to be pretty legit. WTC is out there, and somewhat similar, but in on VEN for now. I want to put some into TRX today, but the GDAX transfers are all stuck right now. :/

RunKC 01-03-2018 02:48 PM

Quote:

Originally Posted by Taco John (Post 13328201)
I'm not actually holding any bitcoin or even ethereum. Everything I have right now is Altcoins. I feel like that's where the greatest amount of growth is going to come, and eventual stability. To that end, I feel like Ripple is the safest thing that anyone can invest in today for solid long-term gains because it has an actual industry use case that it was specifically designed for. I'd look into its little brother, Stellar Lumens. That's a good Ripple spinoff that could turn into a mainstream coin. I feel like Cardano has a ton of value in that regard as well. It's got a 30m marketcap right now, and there is no reason that it shouldn't be at a billion by the end of the year, if not much sooner (given a run like Ripple has made). If it does that, that's a $4.00 coin. Not bad from where it's sitting now.

I probably should take more stake in ETH and BTC, but there is so much explosive opportunity in the altcoins right now that I have a hard time leaving money on those two.

Ripple has been booming the last 2 weeks. I understand the market cap concerns, but surely XRP could rise to $50 at some point this year, right?

Billy Bitcoin 01-03-2018 03:11 PM

Quote:

Originally Posted by RunKC (Post 13328275)
Ripple has been booming the last 2 weeks. I understand the market cap concerns, but surely XRP could rise to $50 at some point this year, right?

Let's do some simple math here :

Ripple at $3 is a 120 billion market cap

Lets times that by TWENTY

That's 2.4 TRILLION dollars.

So - do you think Ripple will be a $50 coin this year?

Taco John 01-03-2018 03:16 PM

Quote:

Originally Posted by RunKC (Post 13328275)
Ripple has been booming the last 2 weeks. I understand the market cap concerns, but surely XRP could rise to $50 at some point this year, right?

I don't think so, but it's hard to tell. Right now it's at $113 billion dollar market cap. That's up from 9 million less than a month ago, which is a huge rise. For it to become a $50 coin, it has to reach $4.3 trillion dollar marketcap. To put that into perspective, the entire market cap for cryptocurrencies is at an all time high today of $730 billion. It's not realistic to think Ripple can be a $50 coin for some time to come (unless financial institutions start stampeding into the cryptospace, and big retailers like Amazon start announcing adoption).

Consider that right now, Bitcoin is the market dominance leader at $250 billion. It's easy for me to believe that Ripple could catch up, and even beat Bitcoin in market domninance. So if Ripple were to get to, let's say, $260 billion, that would make it a $3.00 coin, provided that the supply remained consistent.

Ripple is a slow growth, steady coin. I use it as part of my "safe" investment base where I put 50-60% of my total stake (Cardano, Ripple). Then split some (45%) on on medium risk (IOTA, XLM, EOS, VEN), then high risk (XVG, TRX) and the final 5% on sub penny gamble coins that look like they've got promise (I recently got in on EmberCoin, which is soon going to be a GPS coin called Chartis).

No one is going to "get rich quick" on Ripple at this point, but it can serve as a very stable growth coin that will grow steadily as the market grows, and challenge for dominance. Any altcoin porfolio is incomplete without it.

Billy Bitcoin 01-03-2018 03:19 PM

***DO NOT MISTAKE ME FOR YOUR FINANCIAL ADVISOR***

Ripple defeats the entire purpose of crypto. Ripple is pumping so that the big holders can take all of your money and convert to ETH or BTC (real ideas) and you'll be holding the bag with your $1 XRP that has very little upside.

People think XRP is going to be added to Coinbase and "explode" and don't understand that there are 17 million bitcoins and 600 kajillion ripple coins and don't understand even the most basic math.

Ripple might go up to $5 a coin, I don't know, people are stupid - but if I held ANY ripple and saw that is was trading for $3 - I would sell half, IMMEDIATELY, and get as many $930 ETH as I could get.

Ethereum is real societal progress - Ripple is garbage ass centralized banker bullshit.

Taco John 01-03-2018 03:20 PM

Hmmm... my numbers are off a little because the supply has moved and it's not up to date in my spreadsheet.

Shag 01-03-2018 03:20 PM

Quote:

Originally Posted by Taco John (Post 13328331)
I don't think so, but it's hard to tell. Right now it's at $113 billion dollar market cap. That's up from 9 million less than a month ago, which is a huge rise. For it to become a $50 coin, it has to reach $4.3 trillion dollar marketcap. To put that into perspective, the entire market cap for cryptocurrencies is at an all time high today of $730 billion. It's not realistic to think Ripple can be a $50 coin for some time to come (unless financial institutions start stampeding into the cryptospace, and big retailers like Amazon start announcing adoption).

Consider that right now, Bitcoin is the market dominance leader at $250 billion. It's easy for me to believe that Ripple could catch up, and even beat Bitcoin in market domninance. So if Ripple were to get to, let's say, $260 billion, that would make it a $3.00 coin, provided that the supply remained consistent.

Ripple is a slow growth, steady coin. I use it as part of my "safe" investment base where I put 50-60% of my total stake (Cardano, Ripple). Then split some (45%) on on medium risk (IOTA, XLM, EOS, VEN), then high risk (XVG, TRX) and the final 5% on sub penny gamble coins that look like they've got promise (I recently got in on EmberCoin, which is soon going to be a GPS coin called Chartis).

No one is going to "get rich quick" on Ripple at this point, but it can serve as a very stable growth coin that will grow steadily as the market grows, and challenge for dominance. Any altcoin porfolio is incomplete without it.

XRP is over $3 on some exchanges right now.

Taco John 01-03-2018 03:22 PM

Correction: for Ripple to get to a $50 coin, it has to have a $2T marketcap.

Billy Bitcoin 01-03-2018 03:23 PM

Quote:

Originally Posted by Taco John (Post 13328347)
Correction: for Ripple to get to a $50 coin, it has to have a $2T marketcap.

...which would mean all of crypto would have to get to about $10T marketcap

Gold is at about $8T

If this happens - sell, sell, sell because the whole ****ing thing will collapse.

Billy Bitcoin 01-03-2018 03:24 PM

If crypto wants to really be the future - it can't keep growing THIS fast. There is too much stupid money entering the market. I see $10T in the future - but any time before 2025 and this thing is going to topple over.

Taco John 01-03-2018 04:19 PM

Quote:

Originally Posted by Billy Bitcoin (Post 13328349)
...which would mean all of crypto would have to get to about $10T marketcap

Gold is at about $8T

If this happens - sell, sell, sell because the whole ****ing thing will collapse.


I don't think so man. I'm not saying that there isn't potential for things to collapse. I expect Bitcoin to collapse. Ripple, on the other hand, exists because of the value it offers banks. The protocol behind the coin has more value than the coin, saving the banks money and time. The same will be said for other cryptos when they start becoming integral parts of business operations. There will be an equilibrium achieved because when the coin goes down in price, it will only be more profitable for the businesses using them as part of their supply chain. Blockchain technology isn't going away, and neither will many of the coins that it supports.

Taco John 01-03-2018 04:21 PM

One more thing... Royal Bank of Canada sees the cryptospace reaching maturity at $10 Trillion dollars. Who knows how long that will take, but I would plan on getting in now and holding until it starts nearing maturity. There's a lot of early retirements that could happen if things go like this.

Iowanian 01-03-2018 04:27 PM

Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?

RunKC 01-03-2018 04:30 PM

Quote:

Originally Posted by Taco John (Post 13328331)
I don't think so, but it's hard to tell. Right now it's at $113 billion dollar market cap. That's up from 9 million less than a month ago, which is a huge rise. For it to become a $50 coin, it has to reach $4.3 trillion dollar marketcap. To put that into perspective, the entire market cap for cryptocurrencies is at an all time high today of $730 billion. It's not realistic to think Ripple can be a $50 coin for some time to come (unless financial institutions start stampeding into the cryptospace, and big retailers like Amazon start announcing adoption).

Consider that right now, Bitcoin is the market dominance leader at $250 billion. It's easy for me to believe that Ripple could catch up, and even beat Bitcoin in market domninance. So if Ripple were to get to, let's say, $260 billion, that would make it a $3.00 coin, provided that the supply remained consistent.

Ripple is a slow growth, steady coin. I use it as part of my "safe" investment base where I put 50-60% of my total stake (Cardano, Ripple). Then split some (45%) on on medium risk (IOTA, XLM, EOS, VEN), then high risk (XVG, TRX) and the final 5% on sub penny gamble coins that look like they've got promise (I recently got in on EmberCoin, which is soon going to be a GPS coin called Chartis).

No one is going to "get rich quick" on Ripple at this point, but it can serve as a very stable growth coin that will grow steadily as the market grows, and challenge for dominance. Any altcoin porfolio is incomplete without it.

I’m hopeful that many more banks and corporations like amazon realize the benefits XRP provides. I’m all for holding for a few years.

Really hope this coin can get to $100 some day.

Hog's Gone Fishin 01-03-2018 04:38 PM

Quote:

Originally Posted by Iowanian (Post 13328515)
Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?

If you want to take some gamblin money and put it to work you might take a hard look at some of the cannabis stocks. They have been exploding .

Last 30 days:

NUGS up 5915%
BUDZ up 486%
PVOTF up 435%
IMLFF up 250%

I can't advise you on the Crypto as I don't follow it that close as it's jst all over the place.




Welp, Jeff Sessions just killed the Marijuana boom. **** that mother ****er!!!!!!!!!

Taco John 01-03-2018 04:39 PM

Quote:

Originally Posted by Iowanian (Post 13328515)
Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?

Yes. I won't give you financial advice but I'd tell you what I would do if I had $1000 today and let you do your own research and determine what you'd like to do.

$500 - Split between Ripple (XRP) & Cardano (ADA)
$300 - Split between IOTA (IOTA) and Stellar Lumens (XLM)
$150 - Split between XVG and TRON
$50 - Put it all in ReddCoin RDD

I'd be confident that a portfolio like that would give you a great place to start growing a stake and learning about the market.

DO NOT, i repeat, DO NOT sell anything for 90 days once you invest. Look at it like a football season just starting out. If you get interested along the way in other coins, add to your position with new money, but don't touch your initial investment until after April because with the Trump tax plan and tax season underway, we're in a bull market right now, and have little reason to believe that it's anything but that.

THAT SAID - you also need to understand that these coins are under attack by Russia, China, and the Fed. There is belief that Russia and China tried to crash the coin market right before Christmas. They failed. People held. Don't let bear runs give you weak hands. Go in with a 90 day plan expecting to lose the stake, but hoping to double it. There's a good chance you might triple it or better in this bull market.

BWillie 01-03-2018 04:45 PM

Quote:

Originally Posted by Billy Bitcoin (Post 13328337)
***DO NOT MISTAKE ME FOR YOUR FINANCIAL ADVISOR***

Ripple defeats the entire purpose of crypto. Ripple is pumping so that the big holders can take all of your money and convert to ETH or BTC (real ideas) and you'll be holding the bag with your $1 XRP that has very little upside.

People think XRP is going to be added to Coinbase and "explode" and don't understand that there are 17 million bitcoins and 600 kajillion ripple coins and don't understand even the most basic math.

Ripple might go up to $5 a coin, I don't know, people are stupid - but if I held ANY ripple and saw that is was trading for $3 - I would sell half, IMMEDIATELY, and get as many $930 ETH as I could get.

Ethereum is real societal progress - Ripple is garbage ass centralized banker bullshit.

I think I'm going to like you.

RunKC 01-03-2018 04:56 PM

TJ, what do you like about Cardano? Do they have a good team?

ChiefRocka 01-03-2018 04:58 PM

A lot of poopcoin talk in here lately

Taco John 01-03-2018 05:03 PM

Quote:

Originally Posted by RunKC (Post 13328592)
TJ, what do you like about Cardano? Do they have a good team?

They're an amazing team with an amazing project and amazing technology. The project is led by Charles Hoskinson, a cofounder of Ethereum. The idea was to get right the things that Ethereum got wrong. It's an all-star team that started from scratch and asked themselves "how can we be best of breed from the ground up."

Their vision paper can be found here. It's the filet mignon of crypto-visions...
https://www.cardanohub.org/en/cardano-vision-paper/


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