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1  Other / Beginners & Help / How to sell Bicoin from stock exchange??? on: February 16, 2018, 02:22:14 AM
Hi everybody!

I want to ask for help how to sell Bicoin from stock exchange! I have bitcoin in Poloniex and I want to sell it into cash! Please receives your helps!
2  Other / Beginners & Help / What do you think about the cryptocurrrency Ripple?? on: February 07, 2018, 06:37:09 AM
What do you think about the cryptocurrrency Ripple??

The following is my thoughts on cryptocurrrency Ripple:

I think it’s extremely over valued compared to other crypto. No I don’t hate on it because they work with banks. The problem with Ripple is that it’s centrally controlled by one company that holds most of the currency and has basically complete authority over the network.

It also doesn't scale economically in the way bitcoin does. Bitcoin has to rise in value to as it grows. It’s actually required for it to become widely used as a payment system. Companies can’t use Bitcoin to make $10 million dollar transfers if they can’t buy and sell $10 million worth the coin without having an noticeable impact on the price. The utility value of Bitcoin rises as it’s price rises and becomes more stable. The Ripple token (XRP) is not directly linked to the success of the network. It is not a currency.

This is not to say that Ripple will not be successful or that XRP will not continue to rise in value. It might. The core reasons I invested in Bitcoin and later Ethereum and Dash, are related to their decentralized consensus systems. To believe my investment in Bitcoin will grow, all that I need to be confident in is that Bitcoin will be used by more and more people over time. To feel safe investing in Ripple I need to trust the single company that controls it.

Perhaps I am not understanding some key mechanism in the how the Ripple network functions, but I have yet to hear any explanation as to how or why my perspective is not accurate. I see the XRP price growth as irrational and due largely to it’s low price point. I think many crypto investors are simply purchasing what they see as cheap coins not realizing that the standard denomination is arbitrary and that’s why we saw a simultaneous sharp rise in coins like XRP, Stellar, and NEM. They have one thing in common, the standard unit is of a very low value. If the Bitcoin price was listed as the value of one Satoshi (1/100,000,000th of a Bitcoin), I think this effect would have been negated without any change to what the coins are or how they function.
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