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I would like to hear people's opinion on XRP/Ripple. News, Trends, Concepts, Technical Issues... anything pro or con that might be indicative of it's survival or growth opportunities in actual real world use cases. Or things that indicate it's failure.
Here is my two cents to start it off, starting with a Disclaimer.
Disclaimer: I have weighted portfolio of Bitcoin (5 - 10%), Ethereum (70 - 80%), XRP/Ripple (10 - 25%). I'm a HODLer, not a Day Trader,a nd reportionments are done rarely based on trends. My purpose of this post is to try and determine whether a repportionment of Ripple is appropriate. And I am currently of an equal mind. 33% to lower stake. 33% says stay hte course. 33% says increase shares. So real certainty here I tell ya! LOL Hoping someone will say something here to un-jam my mental logs.
My current facts as "I" see them....
CURRENT PRICE: Ripple is doing absolutely nothing. No real motion in any direction except sideways. Only recent facto that may be contributor is the court case that allowed prior founder (McCaleb) to unload his billions of XRP at a current rate of "0.5% of average daily volume for each day of the week, including weekends and holidays". So hardly anything of much substance, however, the fact that the price hasn't gone down means that there are at least enough buyers to keep the price even.
NEWS: I keep a very steady eye on Ripple, constantly trolling news, webs, boards for info. Again - nothing. Almost a total black hole of current news. The only recent "news" are name dropping tidbits about SBI Holdings in Asia wanting to use Ripple. Microsoft Azure being open to Ripple blockchains. R3CEV hinting at Hyperledger open to Ripple use cases. Royal Bank of Canada (RBC) running a Ripple Blockchain Trial. Press Releases about 42% savings to banks using Ripple. And vague references to Interledger, which is sort of analogous to Hyperledger or Lightening network in a way..... talk, no real world scenarios yet though. And all of this very hypy-vague. Just little tidbit trickles of "News", "non-News" actually, that basically says, "Hey, we're alive."
GENERAL THOUGHTS: I think Ripple/XRP IS still alive, and due to the nature of its business model, is in "secret development" mode. I mean, you won't see news, until you see news, but whe that news does come - it may be a hard break. My opinion is that will most likely be up (obviously - I DO own it), but I guess it could be down, or it might even be just a really really slow up if the news is not dramatic enough that other coins (Bitcoin/Ethereum etc) aren't also releasing big news, and thereby suck up all the investment money that might go into Ripple/XRP - thereby blunting the reaction. However, it could go the other way,a nd we could get good news out of Ripple / bad out of Ethereum/Bitcoin, and the pressure could be exacerbated up. Also- the whole "premined" aspect doesn't bother me that much. With all my crypto investments I am looking primarily at actual eventual use case scenarios to determine value. The 2nd tier money coins (Lite, Dash, Monero etc) are of no interest, and even the Utility coins (Emercoin, Maidsafe, etc) seem a bit too spiky/dodgy and subject to market manipulation/risk to me.
Ripple is obviously a top tier player, but a little lacking in discussion at present. Thought I'd fire up a topic.
Peace,
- david
They said this bear market is washing out all the shitcoins. I’d say this bear market is also washing out all the idealists. Everyone has their own vision of what crypto is supposed to be and sometimes they clam up when their views are challenged. The fact that XRP has maintained it’s #2 spot despite the vocal majority of haters shows you that there’s significant capital in support of this project. I too used to be an anti-Ripple guy, then I actually sat down and did about 8 hours of research. Dudes can’t even be bothered to watch a 1.5 hr primer video. You can’t expect these people to turn heel off haters' comments. I think those who think for themselves and avoid regurgitating unfounded talking points could stand to make tremendous gains. A lot of “traders” put their ideals before their true motives...profit. This doesn’t make any sense to me. Crypto’s most immediate use case is the financial sector and there’s only one project that has their attention. Not many want to face the music because it forces them to realize that their ideals are misaligned with reality. |
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1. Yes, with quantum computers they would become active. Did Satoshi think that quantum computers will exist? Satoshi is a rogue AI from the future, running on a time-traveling quantum computer. Bizarre, and the stuff movies are made from. That's what I choose to believe: he's the quantum computer himself. |
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In other words:
If you had to choose one real person to represent Bitcoin (in the public or in a debate against other crypto currency representatives), who should it be?
(It's clear that Bitcoin isn't led or represented by any single one person officially, which is what makes that question so hard to answer. It's also clear that this is feature, not a bug!)
Either "no one" or "Satoshi Nakamoto". Thankfully, Satoshi isn't around anymore, making it currently no one. This is a good thing, because extremely powerful influencers are a naturally centralising force on decision making. Many people prefer to follow someone they agree with and stop thinking critically when that person says something they otherwise might disagree with if said by someone else. There are some people that I consider very influential, very clever, and very aligned to my views. People like Andreas Antonopoulos, Saifedean Ammous, many of the core devs, and so on. However when I find myself agreeing with them too much, I often go out of my way to find things I strongly disagree with them on so that I can maintain a healthy level of criticality when they say something else that requires careful examination. To note: I haven't yet found anyone that I agree 100% with; and I consider that to be very positive. I even probably disagree with Satoshi about a couple of things based on some statements he made, but since he's not around to discuss them and elucidate/clarify his opinions further, I won't say that with certainty. I will say however that I disagree with the interpretation I have of a couple of things that he said. |
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The People’s Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is ‘controllable anonymity’.
Based on data from patents that have already been filed, Chinese businesses and citizens would download digital wallets which can be replenished from bank branches and then used to make digital cash payments.Read the full news hereI don't know what are you going to say about this guys regarding "controllable anonymity". Do you think it's a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the "cryptocurrency mining" ban and circulating a Bitcoin article to their citizens, I think it's a good sign. I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner. The PBOC is poised to become the first major central bank to issue a digital version of its currency. According to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet on their mobile phone and load the digital cash from their account at a commercial bank - similar to going to an ATM. They then use that like cash to make and receive payments with anyone else who also has a digital wallet. This will be a no for me dawg. |
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From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
if you use bitcoin, you are trusting your money to a complex system you don’t understand, people you know nothing about, and an environment where you have no legal recourse. In the traditional world of investing, this would raise enough red flags to make it a bad idea. On the other hand, the European Central Bank reports that Bitcoin is just one of over 500 digital currencies now in circulation around the world. Even it Bitcoin ultimately fails or is relegated a minor role on the world stage, one of its successors could radically alter the way the world thinks of currency. So what does the future hold for Bitcoin and other virtual currencies? It is safe to say that they are here to stay. You can use the virtual currency to make purchases in a wide variety of video games and some retailers like overstock.com and tigerdirect.com. You can also use bitcoin to safely purchase gift cards for hundreds of business like Home Depot, KMart, and amazon.com. However, the Bitcoin website notes that “Bitcoin is not a fiat currency with legal tender status in any jurisdiction.” And based on the regulatory and enforcement actions of major governments, including the United States and Russia, that status is unlikely to change anytime soon. |
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John McAfee is releasing a new token which will soon be trading on his own decentralized exchange. The token is called “Epstein Didn’t Kill Himself.”
Recently, we’ve seen many memes online about the notorious sex trafficker and financier Jeffrey Epstein who mysteriously committed suicide on August 10th, 2019 while in his jail cell. The actual story behind his death remains subject to conjecture and conspiracy, with many finding it hard to believe that such a high-profile prisoner was able to end his own life while under surveillance.Source link for the news hereThe good ol' John Freakin' McAfee strikes again!While he owned a decentralized exchange, now launching his own token with an "out-of-the-box" name. This guy right here is a long time supporter of Bitcoin and other cryptocurrencies. He promised to eat his own d*** if Bitcoin doesn't reach $1 million dollars by the end of 2020. However, Donald Trump would likely gonna ban Bitcoin if it breaches $100k. I don't know about this ladies and gentlemen, but I have a question for all of you. What do you think about McAfee's new token? Let me know about your thoughts, opinions or feedback about this one. Cheers! So basically Bomb token ... just using Epstein meme to get it off the ground Bomb traded at $13 at its all time high....lightbulb time eh? |
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Well!! Did you know? Dogecoin has gained a lot of popularity in the crypto space, as a lot of experts like Elon musk, vitalik, and john McAfee have shown love and support for dogecoin. On the other hand, experts predict that dogecoin price will rise high in the upcoming years. What's your take on dogecoin? Generally speaking, all investments change value due to an imbalance (real or imagined) between supply and demand. In this case: There is no limit to how many ‘Dogecoins’ can be produced; The production time is very short; More than 100 Billion are currency in circulation; There is currently no real commercial application. Its difficult for me to see any reason why the price would rise under such circumstances. |
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The Stellar Foundation burned half of its digital token’s supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon. Source: TheCoinRepublicObviously lol it increased the value on the market 14%.. Can see another one to come with 20 bil or so left to buy up and with the increased value.. even more being minted. They've got 55billion to make before the caps hit so roll on and let's see what happens. Good buy for holding I think. |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
With money in the mix – without ample regulation – Facebook could have access to spending habits of billions of people. Its role in the Cambridge Analytica and election scandals have painted a dismal picture of Facebook’s trustworthiness when it comes to handling personal data. Beyond transparency, the lack of regulation with Bitcoin also made it a useful platform for black market deals – transactions made outside of government-approved channels. To these dealers, the dollar is a channel they would want to avoid as they would likely have to open bank accounts for money to flow through, which can be traced. One of the concerns about Bitcoin was the difficulty in monitoring such dealings. Bitcoin allowed for various forms of tax evasion as transactions could leave no taxable trace. It also made it difficult to protect employees without legal contracts, as well as monitoring the sale of banned items. Many of these issues apply to Libra, or at least remain unclear, giving more reason for Congress’ skepticism. I'm glad that Libra is facing all the backlash as it should. |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
When you transfer money from your credit card to an online account, you have to wait a while until the transfer is completed. Furthermore, conversion rates often cost too much, making you spend money you would put to a better use otherwise. When it comes to cryptocurrency, there are only minimal transaction fees which are common with every cryptocurrency transaction. Since BTC Sportsbook websites require Bitcoin, there is no need for conversion which completely reduces deposit costs. You deposit BTC, wager BTC and withdraw BTC. And to top it all, cryptocurrency transfers are virtually instantaneous, so there is no reason to wait for the funds to sit on your online account or withdraw back to your wallet. The way I see it, crypto is the future for those betting sites in a good way. |
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What is your favorite project these days?
I think Ethereum it's the best project. haha
There will be projects in various fields,
1. Please tell me your favorite project.
2. Recently, let me know what you think is the best project and what the area of the project is.
Blockchain is still in its very early stage. There are couple projects that I know of currently running on the blockchain but none is yet to be widely adopted. So I don't have a favorite for now but perhaps in the near future. |
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You know how this is going to end. You might be trying to lie to yourself, you might be secretly hoping that some token in your "portfolio" that you have 10 million of is going to moon to $50 and make you rich, but let's be real: that is not going to happen. Even the allegedly strong altcoins like LTC or ETH or whatever is cool these days (I've been out of this game for a while) are not doing well and BTC dominance is growing. Which makes sense if you think about it. BTC can do most of what any altcoin can do and the few really useful features that BTC is missing (private transactions for example) are implemented by multiple altcoins, fragmenting their market share.
And the elephant in the room: 99% of altcoins are total garbage. They're called shitcoins for a reason.
Sell your altcoins and tokens. Take the proceeds in BTC, stick it into a cold wallet, keep some online to play around with Lightning and other things that actually matter for real-life stuff, like being able to buy something. When was the last time you were able to use for example Ethereum for something tangible, not to buy some garbage tokens or to play a game?
Do it today. Your grandkids will thank you.
The first and most obvious is best explained with a simple phrase. Opportunity Cost. What is the next best option? That's what this opportunity is costing you. By weighing the opportunity cost, you get a good look at whether your money would make more money elsewhere. If it will, you're getting bigger gains by realizing a loss. The second I'll cover here is much more complex and touches on tax strategies (USA, not familiar with taxes elsewhere). It's called Tax Gain/Loss Harvesting. You're in crypto, so you've had a rocking year. The year is closing out and your tax liability is looming. You can strategically realize some losses, which offsets your gains. This is complicated and should be discussed with a tax professional that is familiar with cryptocurrency trading, but realizing losses is a strategy that is used in the stock market as well. |
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Before now, I have always been getting it wrong about cryptocurrency. A friend recently opened my eyes to see how I could have increase little coins I have to fortune overtime by day-trading. But I am no that type. I had always thought I could only make fortune in crypto by hodling a certain coin for long.
13 months ago, I bought SNTR worth about $100 hoping that in few months I'll wallow in milliions of dollars like Ian Balina , but the reverse is often the case in the subsequent ones I bought. Sad fact, $100 worth of SNTR 13 months ago now less than $2.
Recently, I watched several videos of how to analyse a coin or token to invest in, gained some good knowledge of the basics. I discovered day-trading tokens like DX token and AWC could have actually make me what I hope to be If i had the right information. But its never too late. Yet, I am drowned in mentality that hodling for long can only be the fortune I hope for. Reason I need help.
long-term hold investing: Pros: Reduced tax rate thanks to long-term capital gains. More hands-off than short-term trading. Allows for cost averaging. Forces you to research projects thoroughly. Less paperwork involved for income reporting. Cons: You may miss out on large gains. Not as exciting as day crypto trading. Harder to make daily gains or income. day trading: Pros: Potential for big gains. Can potentially provide you a new income stream. More exciting than a long-term holding. Cons: Carries higher risk than a long-term holding. Higher tax rates. More paperwork is involved. You could end up holding a useless coin when it dumps. Hope it can help. |
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What happens if BTC is still rally to 100K ?
ALTS ?? dump to zero
at the moment BTC sideways until end of the year
this time currently the last choice for ALTs
take actions or die..!!!
good luck
I think that the price of 100k dollars is impossible for Bitcoin to hit. At least, for now. I think that you all saw what was happening in December 2017, and BTC hardly reached the score close to 20K and then fell. And after it started to fall, reached its bottom and placed such a position for quite a long period. But okay, if just to imagine that BTC will reach 100k dollars, I can say that it will bring the craziest profits and hurting losses as well. Probably, the dot-com bubble period in the past will be repeated but with more dramatic consequences. |
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As more and more investors join this sector, a question everyone should be asking themselves is: "What happens to my crypto if I was to die unexpectedly soon?" I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste. If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below: 1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will. 2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully. 3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it. So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly. One of the largest advantages of a crypto wallet while you’re still alive is that no one can get into it. This isn’t so great once you’re dead. To get into a crypto account, you’ll need a private key. A private key is an unchangeable password, which is generated when you create a new cryptocurrency wallet. Each wallet uses a string of random characters called a public key visible to anyone, as an address for sending and receiving the cryptocurrency. A separate private key allows the owner access to the wallet’s contents. So, the process should be simple after you die – just make sure that someone gets a copy of the private key. In practice it’s simple, but it isn’t always safe or viable. I guess you could cut up your password and put it in separate trusts, numbering the parts. Though, make sure each person knows about this plan to stop it from getting too complicated. |
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Are coins and tokens that have good value like 0.02 or even 0.2cent on exchanges with no volume the same bad news as coins that haven't made it to an exchange yet? what do you guys have to say about this? i am currently holding two different tokens with good value but no trading volume, any hope for such projects?
According to CoinMarketCap, only 82 altcoins have more than $1 million worth of daily trading volume on the day of this post. That equals 3 percent of the 2,440 altcoins listed. Certainly, that data doesn’t include actual usage of altcoin blockchains themselves, it only measures how much money goes in and out of an altcoin on any given day. And it also includes some data that probably isn’t correct. For example, USDT daily volume that’s four times higher than its total supply (meaning every tether gets bought and sold four times in one day, which seems a bit of a stretch). Still, it’s the best data I can find, and it offers some perspective on market activity and enthusiasm. Not many altcoins have much interest from people who don’t already use them. With the overall market tanking, it’s tough to get prices to rise when new demand doesn’t exist. Also, the people who use those altcoins don’t use them much. Looking at all dApp information sites, none report more than 1 million people using dApps in any 24-hour period. In fact, most dApps have fewer than 1,000 active daily users. So yeah, no trading volume = ded coin. |
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ETH, Monero, Siacoin, IOTA, Golem, ripple are some of the well known coins which have a practical use. PERL coin came up with a good practice, the coin became opacity coin. What are the remaining alt-coins which have practical usage?
MONERO should be on the list. Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.” With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, monero has developed something of an unsavory reputation; it has been linked to criminal operations around the world. Nonetheless, whether it is used for good or ill, there’s no denying that monero has introduced important technological advances to the cryptocurrency space. |
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I recently heard of Dogecoin from a couple of friends of mine. Is it a meme or an actual cryptocurrency, because so I would like to get some myself. Also, what trading platforms trade Dogecoin?
Also, if possible can you mention any useful information about Dogecoin that I can use when trading it or buy it. Thanks.
1 DOGE = 1 DOGE Therefore it is always real to me |
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I came up with an article across the web, explaining Ethereum's staking requirements in the future which is going to be a minimum of 32 ETH. Multiplying this with current prices, I get an average of $5,780 (USD) (at $180 per coin). This doesn't seem cost-effective for the average person, as it's somewhat expensive to start earning rewards from the ETH blockchain. If ETH devs leave that requirement for staking upon the launch of Ethereum 2.0, I'm afraid that the blockchain will be less secure than what it is right now (as less people will be able to keep the network strong). The best solution would be to lower the minimum ETH required for staking in order to encourage the average person to support the blockchain as much as possible. With lower costs, nearly anyone will be able to join the ETH blockchain, making it much more resilient against third-party attacks. What do you think about this?  I am under the impression that you can lose your staked ETH if you validate an incorrect block. But places like Coinbase will stake for you and guarantee your returns and that you don't lose your ETH. I'll go that route. No way I'm losing 32 ETH |
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I know that the deep web mainly uses cryptos as a means of transactions for people who want to buy things over there, but what type of cryptos are mainly used when making those transactions? It’s just a curious question I have in my mind.
Bitcoin is still very much the dark web‘s favorite cryptocurrency, but those looking to cover their tracks are slowly learning to use privacy-focused alternatives. The main developments regarding this trend are on the Darknet markets, several of which also accept Monero, or in some cases exclusively trade in it. |
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