Good luck man, never lose faith and look on it as one of life's many challenges. This time around if you are rebuilding your btc savings keep some ££ too for emergencies so you won't have to force sell.

Agreed, I think ultimately if they don't fix it they will lose a lot of customers to other exchanges and that will hurt their profits more than the possible gains they might have had from any market manipulation. I think like many exchanges before them they aren't just technically competent enough to scale up fast enough to keep up with the crypto world.

A minimal amount is burned, nothing significant, put it this way name me one bank that is purchasing big amounts of XRP because all the news I've seen have only mentioned them using ripple and not XRP directly, in fact I don't even know of any bank directly using any crypto yet for that matter.

Also only 40% or so of the total supply has been released while the rest of the premine is still going to be released over time. XRP may have gained value but it is a speculative value which explains the mass volatility. There is little value in a non crypto blockchain that burns a minimal amount of the currency over time.

People are buying into the XRP hype thinking all the major banks are mass purchasing XRP when they are not, they would never buy or use such a volatile asset in mass.

This topic seems to be recurring cause Poloniex has recurring problems with their servers. I personally believe it is not malicious but it does give rise to speculation of manipulation each and every time.

Signature campaign spammers eager to write a lot of posts without reading the threads they post in.



As for OP's original problem its always unfortunate when you are forced to sell for RL reasons, it can happen to anyone but its not a reason that should dissuade us from investing whether that be bitcoin or other investments.

I hope you get back on your feet and I hope you didn't sell ALL your bitcoins as your original post says. Even just a fraction could someday earn it back.

I believe so, some conspiracy theory believers think the government is trying to hold bitcoin down for some unknown reason but in reality governments are going to accept it more and more, even in France the newly elected president is a bitcoiner.

The reality is that its getting adopted by every walk of life and it will continue to ride the wave of adoption, the bigger question is will people still use bitcoin as soon as the price stops rising?

XRP is so volatile investments therein are no better than a slotmachine. People keep referring to banks using it, except they are using the company behind it and not the XRP itself. Only a matter of time now before the general market realizes and it crashes. It is not even a real cryptocurrency, does anyone really believe the total market cap (including unreleased premined coins) is more than that of btc?

Flame away at me XRP fans.

I can't believe this thread is still going and the arguments are all the same throughout.

This is frowned upon by a lot of people but I keep my bitcoins on exchanges with 2FA. Put it simply I trust more in the security of the exchange than I do my own ability to secure my computer and with the 2FA its unlikely I can get my own personal account hacked on an exchange.

Can the exchange get hacked? Yes, however there are usually red flags to see before the chaos, and that gives time to move to another exchange.

Username: mooner

For low value transactions it is very rare someone will attempt a double spend to earn a very small amount. Also if you are buying drinks in a bar with bitcoin you will be around long enough for them to confirm the transaction, if you are buying an online subscription service they can cancel the subscription if you double spend.

There are several services that are well suited for instant confirmation, and there are others where the value is low enough they take the risk since few people will want to cheat for little money.

You are right the markets are starting to get decoupled, however they are currently still not really decoupled even for the big ones, the biggest markets are still btc/alt. The price of bitcoin also strongly affects the price of alts. For example when btc goes up a lot the alt markets tend to crash as people convert alt to btc.

I think however you are right 3-6 years advance on alts is about right, eventually some of the markets will become more or less completely independent and bitcoin will have to adapt to survive.

I think I can sum it up more concisely. There are two main types of gamblers:

1. Addicts: they just cannot stop gambling there is always the thought they can win it big. When they win they gamble more to win more. When they lose they need to earn it back. They can be classified as risk lovers.

2. People looking for fun: gamble on a sports game makes the game more exciting when you win, putting some money down in a casino when you are on holiday with the full expectations of a loss is fun too.

Number 1 can not walk away when they win (unless they have won so much) whereas number 2 can. The problem is a lot of people are number 1 when they in fact think they are number 2. However both 1 and 2 will keep coming back even though they lose money more or less every time.

Is there a reason why you are deciding between these two? They are both imo a bad investment at this point in time, as others have said LTC was once a decent buy but its gone up too much in value now. There are plenty of good alts still decently priced though.

There are thousands of threads like this you could bump to show they did well to buy... The same as there will be thousands you can bump after the next major crash to say they did badly. Obviously this one guy made the right choice given the information we now have.

Bitcoin has done well in the past but as every investment manager tells you past performance is no guarantee for the future. Of course I believe bitcoin will go up but telling someone they will double their money just by holding and forgetting is silly because you can't know that for sure.

Your sentiment however is correct that you shouldn't worry about short term changes if you have decided to go long because it will kill you inside.

For future reference you should start using a wallet where you can choose the fee (doesn't have to be electrum) and then look at bitcoinfees.21.co for the right fee depending on how fast you want it confirmed. Your best chance this time is just to is to wait, normally at your fee you won't wait more than a day.

I wouldn't worry about bitcoins dominance fading, the market can accommodate several coins but bitcoin is likely to remain on top for the simple reason that it came first. And as others have pointed out all the exchanges do btc/alt, meaning btc is the benchmark price for those alts.

Don't take advice from anyone on a forum, people here are mostly bull on bitcoin all the time regardless of whether its warranted or not. There are sound reasons both to expect the price to go up as well as for it to go down.

What it comes down to is do you think its heading up? Or more importantly do you think its going up in the long term?

If the answer to either is yes then you should buy now, trying to trade to buy back is just going to end in tears most people end up buying at the top and selling at the bottom.

Eventually there will be a big altcoin crash and only the top coins or those offering unique features not done by others will survive, for this reason I would choose ETH over ETC. ETC is a smaller weaker version of ETH. If you want a high risk high reward coin there are plenty better than ETC too.