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XRP is one of the strongest long-term bets in crypto. I know everything is a risk, but XRP seems a close to certain success as anything here can be.
Short-term however I'm not sure its the best as its price is quite high relative to ETH for example, which looks very under-priced right now.
One other thing to remember is that XRP the coin is not the same as Ripple the company. Ripple have some solutions that don't involve the use of XRP, so its not necessarily the case that every succcess for Ripple is a always success for XRP. Just a word of caution, but long-term, yes, I would say XRP will be a big success and have large price rises.
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We need to be careful about hoping for increases due to Constantinople. If that was going to happen, I think it would have happened already as once something is news rather than rumour then any price move has already happened.
We also need to bear in mind that ETH mining has become unprofitable for a lot of people due to this year's price drops... and Constantinople will lower the block reward, and so will hit miners again. Whether there's a threat of a chain split or not I don't know... just that it's not necessarily going to mean a huge price pump.
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Long-term I'm extremely bullish about XRP. It's one of the best projects out there in crypto.
As for shorter-term price movements, XRP has a history of sudden price rises - but equally we remember the massive sudden drop earlier this year.
So short-term it may be a case of being quick to sell after the price goes up and before it drops again. Long-term I think price will be much much higher than at present.
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Constantinople isn't necessarily good news for the short-term price. The price drops this year have meant a decrease in hash rate as mining becomes unprofitable. The upcoming fork will now reduce mining reward, and will will likely drop the hash rate further.
It's difficult to predict what will happen, but a fork does not always mean a chain split into two ongoing sustainable rival coins, and also it doesn't always mean instant price rises.
What we do know is that Constantinople (or something similar) is necessary for the development of ETH to continue. So likely the longer-term impact will be positive - but short-term, who knows?
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I think ETH is by far the strongest smart contract platform. Yes it has problems and it needs to change, but this is true of most coins. The problems ETH is experiencing are a part of its development as it is used in real world situations. Many of ETHs competitors which are lauded as being technically superior have yet to have much real world use, but as they develop they will also encounter similar problems. It is just the case that ETH is further along in its development journey... which is a big point in its favour.
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What is happening is just that the markets are highly speculative. None of it is based on actual real world use yet, which means there's nothing substantial to back up each coin's value. Add to this the fact that the markets are in general very thin, and then also the problems with limited trading pairs for alts, and then the difficulty of moving between fiat and crypto - these together I think account in a large part for market movements.
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Which coins is everyone buying now ready for growth and innovation in 2019?
I think ETH is a good buy at the moment, it is still the strongest smart contract platform, and ETH has fallen harder than a lot of the other top coins. Its price relative to BTC is very low now against historic levels. The only question really is will the price of ETH - and the prices of everything else - drop much farther than they already have? |
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Unfortunately there is currently no sign whatsoever that the price drops will stop anytime soon. There doesn't seem to be much real support at the moment. There's enough to slow the descent, but that is all.
We are all waiting for new money to come into crypto. That I think is the only thing that will halt the decline.
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ETH and XRP won't replace BTC because they're not offering the same thing.
Whatever BTC becomes, whether it's purely a store of value or if it changes into something else, it won't be offering the same use-case as either ETH (smart contracts) or XRP (fast payments).
Certainly I think in the short- and medium-term BTC will remain the number one coin. For people on the outside, BTC and crypto are the same thing... and so I think that new money coming in will go first into BTC.
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Altcoins with low market volume are risky for investment, very few of them will be successful so I can not risk my money
I definitely agree with this in general, however if you find one that looks really good and that seems to be under the radar then it can be worth putting in a small amount in the chance of gaining a large amount. Certainly a risk, but if it's low cap and you're not putting much in then on certain occasions it may be worth it. |
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Hi Everyone,
As advised I am trying to learn the basics of crypto first.
Most of the suggestions mention investing in top ranked coins. My question is, does it always work? As far as I understand, the market is vulnerable and affects almost all the coins from top to bottom. How then you determine which ones would stay ?
I think the point with this is that the top coins are more established. They are less likely to fail completely and drop to $0, but also they are less likely to go x100 as they already have a large marketcap. The smaller, lower-ranked coins are where you'll find those that turn $1 into $1000, but there is also vastly more risk of the coin failing. Everyone has their own position I suppose. Mine is that I have mostly high ranked coins that I am confident in for the long-term, and then a few more speculative lower-ranked coins. |
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What do you think will ETH fall to double digits? And if it falls would you buy some?
It's a good time to buy. We are all anticipating the next bull run, although there is no sign of it yet so prices could drop further. ETH is certainly a good price to buy right now, but one question is when the next bull run starts, will it be ETH or BTC that leads the way? In the past we have often seen BTC price rise and then alts follow some time later. |
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It's weird for ICOs right now in the persistent bear market. I remember in summer 2017, it seemed that any project that mentioned the word 'crypto' hit hard cap within minutes (sometimes seconds) of opening. The result was huge marketcaps for new projects, and no matter how much you invested you would have only a small proportion of the total coins for the project.
Nowadays projects are raising much less - even the very good ones - and often end the ICO without hitting hardcap.
The result is that if you pick and choose your ICOs wisely, you can own a bigger percentage of the total coins for a project with a much smaller outlay.
But the obvious point to set against all this is that if a coin doesn't hit hardcap then this means that supply outstrips demand, which leads to price drops when the coins finally hit the exchanges.
It's a difficult time, but pluses and minuses for ICO participation at the moment.
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The crypto market is in the red right now, Ethereum suffering the most, but don't panic sell people, it will rise again.
Yes, the worst thing to do is hold all the way down and then finally panic sell at the bottom of the market. Prices have dropped so much already, but the fundamental use cases for the top coins remain as strong as ever they were. If you've been holding this long, then it's probably not a great idea to sell right now - just wait it out instead. |
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What do you think will ETH fall to double digits? And if it falls would you buy some?
We are now in double digits for ETH, and yes I do think it is a good time to buy. Obviously it's all dependent on each individual person's circumstances, but ETH is still a very strong long-term bet, and the current price seems like a real bargain. As with anything in crypto, it is still a gamble, but ETH looks to have just as a good a future in store as it has ever had. Some coins are really speculative, but ETH has a very strong use-case and a great dev team. |
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I'm not spreading FUD and everyone is free to do whatever he wants. After all, it's your money.
What I'm suggesting here is to take all the tokens and coins you're holding and start reading the whitepaper, check the roadmap, see the team behind that project and how active the developers are is by looking at the GitHub repository. If it's not looking that good, don't think twice, just go and sell regardless of initial buy price because you'll be cutting your losses this way.
I understand that saying "hodl" is nice etc but you should use your brain and don't be blinded by the idea that every useless out there will go to the moon. Only a few are worth investing in so instead of holding random coins, you may want to target something that has been here for a long time and still doing well such as ETH, BTC.
This is true. It is definitely worth remembering that the long-term hold strategy is only good for those coins that have a long-term future. Whilst it is often the case in a bull market that a lot of minor coins get pulled upwards in price, this is only because they are tied to BTC or more often ETH as a trading pair... so the fiat increase is only due to the fiat increase of BTC or ETH. It is I think always a good idea to hold some major coins as well as the low-cap or new coins. |
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forget about bitcoin which fell to the value of $ 4,570.01 some time ago and etherum fell to a value of $ 136.14. see the current market, how the market is again marked green, although the increase is not significant. Will a bull run happen soon? not necessarily. but at least this is a sign for us to always believe in crypto that prices will not always be red, there must be a chance for green again.
We need to look longer-term, a bit of green doesn't really signify anything. The market has been bearish all year, so we need to look at the charts over at least a year, and ask ourselves what it would take to get out of this dip. It did look like that couple of months of stability with the market around $200b might have been enough - but then we dropped through that support. I think we need the market to return to those levels before we can achieve any solid support, and when that happens then we can start thinking about the next bull run. |
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It's true that it's better to buy at the low points and sell at the high points. It depends on individual circumstances though, and the price you originally bought in at. If you bought a lot of ETH at $1, then there's not a lot to be gained by buying more now at $90. Sure you will make a gain if ETH increases in price, but you are also raising your average entry price and increasing your risk if ETH drops further. But if you originally bought ETH at $1000, then this is certainly a great opportunity to lower your average entry point. And it does all depend on whether you think that the coins will rise again. I'm sure they will, but obviously it's not 100% guaranteed. |
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