Bitcoin Forum

Economy => Speculation => Topic started by: Bit_Happy on March 21, 2014, 11:56:42 PM



Title: A Day in the Life of a Ripple Day Trader
Post by: Bit_Happy on March 21, 2014, 11:56:42 PM
Last summer, Crypto Joe couldn’t afford a plane ticket to see his wife in Europe. By November, he was seriously considering whether or not he should step down from his position as a tenured professor teaching philosophy and logic—after making more money trading cryptocurrencies than his annual salary in the span of a few short months.

“I initially got into this because I needed some money,” said Joe, who wishes to keep his real identity private. Before long, he’d not only booked a flight but paid off the entirety of his credit card debt and then some. “But it wasn’t just a cool way to make money. It was such a cool system. I became completely addicted to the speed of trading on the Ripple platform.”

https://ripple.com/blog/a-day-in-the-life-of-a-ripple-day-trader/
https://xrptalk.org/topic/1878-a-day-in-the-life-of-a-ripple-day-trader

I only read part of this:
Does anyone have time to tell if the article is any good?  :D


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: TERA on March 22, 2014, 04:18:14 AM
what does it have to do with ripple?


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: MrPiggles on March 22, 2014, 04:36:16 AM
I had 2000 stuck in bitstamp, I converted it to ripple to withdraw and it took a week to sell off for bitcoin.

I have a hard time believing this bollocks


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: shmadz on March 22, 2014, 04:42:40 AM
what does it have to do with ripple?

Can't you see from the article? Ripple has re-invented banking!

All bitcoin ever did was make banking obsolete.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: Bitcoin_is_here_to_stay on March 22, 2014, 05:55:44 AM
I had 2000 stuck in bitstamp, I converted it to ripple to withdraw and it took a week to sell off for bitcoin.

I have a hard time believing this bollocks

I think simply your order - your intended BTC/XRP ratio - was not met. If i want to exchange them at market price, BTC/XRP conversion was instantaneous for me.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: MrPiggles on March 22, 2014, 06:04:51 AM
I had 2000 stuck in bitstamp, I converted it to ripple to withdraw and it took a week to sell off for bitcoin.

I have a hard time believing this bollocks

I think simply your order - your intended BTC/XRP ratio - was not met. If i want to exchange them at market price, BTC/XRP conversion was instantaneous for me.

No the order on bitstamp was instantaneous but it took a week to sell off 225k ripple on any other platform.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: TERA on March 22, 2014, 06:16:07 AM
what does it have to do with ripple?

Can't you see from the article? Ripple has re-invented banking!

All bitcoin ever did was make banking obsolete.
Oh I see. I somehow missed the one paragraph about ripple.

Well, ripple can only do what it does because it is centralized.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: BitOnyx on March 24, 2014, 10:56:53 AM
Well it is centralized so there might be something controlling it flow.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: pheaonix on March 24, 2014, 12:13:58 PM
trading ripple was good business. allowed me to make a bit of bits while sitting on my ass. i think its misleading though. while i was doing it ripple had some hiccups and that kept me cautious enough to not do it on a large scale. don't get me wrong, ripple is still a scam. their business plan is literally along the lines of early shitcoins.


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: chessnut on March 24, 2014, 12:22:13 PM
what does it have to do with ripple?

Can't you see from the article? Ripple has re-invented banking!

All bitcoin ever did was make banking obsolete.

Cant you see that the latter is much more ingenious?


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: sinner on April 06, 2015, 06:16:31 AM
HOW DO YOU SELL RIPPLES?


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: futureofbitcoin on April 06, 2015, 06:20:21 AM
So... this guy, a logic professor devises strategies for gambling. LOLOLOL.

And he uses playing a lame MORPG (multiplayer online rpg, since it's not really Massive) as basis for his "strategy".

Wow... Who wrote this shit?


Title: Re: A Day in the Life of a Ripple Day Trader
Post by: samson on April 06, 2015, 12:52:01 PM
HOW DO YOU SELL RIPPLES?

I sold mine for a couple of thousand dollars worth of BTC on btc38.com a long time back.