Here's the problem with a coin that requires mining. It sucks waaay too much capital into shit like miners and electricity. Right now $40 million a month in BTC is mined. If BTC doubles in price, miners will dump their BTC on the market thus putting overhead pressure of tens of millions of dollars so they can spend it on fricking miners!
Sad fact, I know you hit on the truth there. Assume miners make some 10~15% ROI, meaning they just have to dump ~90% of their monthly mining outcome. Bitcoin is constantly bleeding out value, arriving at the pockets of the power supply companys. It is both a true waste of resource and sure death for BTC at the same time. Don't want to bore with numbers, but 92% of all daily trade volume has been BTC+LTC when I was last looking at them. These both "are crypto" and POW mined. POS coins just don't count by size. Just that alone does not make Ripple valid. Satoshi designed bitcoin that way for a reason. He even said it himself, "The price of a commodity tends to gravitate towards the cost" -- Satoshi Nakamoto. No miners are going to sell at a loss, they will sell at a price that meets the cost, and the demand will seek that price. If there was no mining, there would be no decentralization. Whether Bitcoin be $10, $30, $266, or $1000, doesn't matter the price, every year I hear the same damn remark from some Noob that thinks he understands. Bitcoin doesn't even compare to the expense of the United States monetary system alone! Why buy Ripple coin when you can buy USD coin? It's an endless crusade. |
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Giving money to blackhat professionals and employees at Ripple is not charity.
Even if Ripple is legit, I wouldn't buy any right now. Looks like a {Almost} double bottom being formed on 1h chart for BTC/XRP. Just by looking at the price on coinmarketcap, you can see it's already gone parabolic, so it's not really safe to buy at this point, too late. Assuming it's rising under normal market conditions, which I REALLY DOUBT. One or both the other may happen right now. 1. The house of cards is about to come down, any moment now 2. Bitcoin is going to explode I am going with number one, and number two. |
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blackbird if i look at your posts ,you only fud and fud
you are also at ripple threat and fud there and here at util threat .
thats the only thing what you can ,fud .
What about that thread? Nothing fuddy there, just pointing out the obvious. Relax, don't hate, i'm just saying how it is. Hmmmm seems everyone is in a bull mood for no damn reason, I guess I should accumulate some. On the flip side, could be a desperate act to exit with minimal loss. I guess I would too if I felt bitcoin was going to be a bull soon. Yeah.... probably a desperate attempt. |
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and look at the price ,
slow but up
the dev is still active and will not left this coin.
Not even 0.5BTC to 350 sats. This will go the way of flappycoin, soon it will only be traded in litecoins, if it still is. But seriously, what's stopping anyone from putting a 5btc buy? Maybe it's the ideology that this coin has no potential. That's weak |
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all my Util I bought at 17k is worth only 4 BTC now .. shoulda woulda coulda well break even ended up being @ 13k , wish i had more BTC spare to buy some of those cheap coins
How will you break even when someone decides to double their holdings by selling at 4k, etc, when you have bought at 17k? At any point they could earn many multiples of what they bought at. I'm sorry, but the way I see it, you're selling at a loss lol. Like what if someone owns 400k Util, right now and bought really cheap? Just saying.  If you think about it, Util is a in a grave right now, it ain't coming out. |
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i dont sell lol
i sold my crypt and i miss it ,
i hold util now yes im back in the baghold game yeahhhhhhhhhhh
LOL you miss something that never really happened! wut??? 250k never happens?? was i dreaming ,was i blind?? and look at block , prom still alive. buy it . and sell your bitcoin . blocknet never happen. scam why u buy blocknet if u scam ol? how pr0m alive if blocknet scam yes i see a parrot you LOL innovation come december. watch me  |
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XRP Distribution Strategy
We believe that broad adoption of Ripple as a protocol will result in organic demand for XRP over the long run. Ripple Labs plans to distribute XRP to encourage growth in six categories. The categories are:
Users - Everyone needs a small amount of XRP to fund an account on Ripple and start using the network. We are committed to broad user giveaways and other programs that bring new users to Ripple. Distributing XRP is a powerful user acquisition strategy. This model is similar to how Paypal grew. Does anyone remember this: http://www.finextra.com/news/fullstory.aspx?newsitemid=26100This guy was gonna market sell all his holdings. How's that for distribution?
Looks like a broken API connection by coinmarketcap to ripplecharts.com to me...
I'm not sure what the other pictures from BTCUSD charts/markets should have to do with Ripple?
Maybe Ripple should have that fixed, or remove them from coinmarketcap altogether. Oh wait, that's their only selling point. When will this madness end... What a shit show! |
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This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  . |
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lol  Seriously, wtf am I even looking at here? I think any discussion with Ripple belongs in the Altcoin section, with all the P&D scams, pre-mines, etc. That is NOT normal, I think anyone should seriously reconsider before putting any money into this. |
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If UtilityCoin was supposed to be a rip-off of VPNCoin, but instead was a rip-off of an early version of Keycoin, then that would mean absolutely NONE of the features discussed in this thread will ever be implemented, as they were never intended to be.
Good game Pr0m3theus/Fontas.
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LOL just verified myself. It does say Keycoin. Which pretty much proves this coin = 100% premine pre pump scam clone.
I guess Pr0m3theus doesn't care/need to worry about being sloppy before his final disappearing act.
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As ive said before, util is being manipulated. If you look at the other blocknet coins, util is the only one that took a nosedive
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The answer is utility coin lmfao
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Ripple is a scam. Want larger market cap? Just increase the supply and current price not effected. Look at what happened in august. Instead of investing ripple, invest in usd. Lol lol...USD will be dead "soon" And replaced with ripple rite? |
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Ripple is a scam. Want larger market cap? Just increase the supply and current price not effected. Look at what happened in august. Instead of investing ripple, invest in usd. Lol |
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You guys see that 0.59 btc support to 350 sats? You better sell while its still there. Because now you see it. Now you dont. |
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philip you dont know what you saying , firts you say this coins is good blablabla
and 1 week later fuck this shit coin im out blabla .
and now you say to me dont cry lol
you was here the person that crys and still do .hahaha
All of us are here waiting for something to happen, which hadn't yet, or possibly never. Its a psychological game. But I know for a fact that the price is being manipulated right now. You cant go wrong to buy at this price, because if you do, they will have to lower it even more in order to maintain an edge. That's why I say that if the price maintains this level for a long period of time, and people buy instead of sell it will fail. It really isn't in their interest to lower the price anymore. |
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Don't worry friendfromnobody, It's going up. I think I got this figured out. Just did a little test . I can tell you for sure that the devs are still here, with us. They just decided not to log on after we started monitoring their activity. I don't think even 30 pages of FUD is enough to destroy this  The price has to turn around here. |
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what is good price to buy this coin?
0 satoshi better you check XQN - Quotient - real developer with real innovation if you read the front page , there is no date when it will launch but i read december is the beginning for this coin. why you promote a shit coin on this threat. In 10 days that roadmap is 100% invalid. |
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It's going to go to 100 sats....
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