Bitcoin currency of the future?

This market is absolutely going bananas right now. The only coin in red when I look earlier was USDT. This thing is going to blow up so bad and it’s going to hurt a lot of people. This type of nonsense is unsustainable.
 
SwamiLeoni said:
This market is absolutely going bananas right now. The only coin in red when I look earlier was USDT. This thing is going to blow up so bad and it’s going to hurt a lot of people. This type of nonsense is unsustainable.
Click to expand...
I am quite certain there will be a crash, and it will wipe out majority of the cryptocurrencies. With that said, the Dotcom Bubble absolutely slaughtered internet companies in the early 2000's, but Amazon survived and became a dominant force in the tech sector. When the dust clears on this one, I think it would be a better and more stable investing environment. Sometimes the bust is healthy for the market in the long term.

Now the question is, which coin will survive like Amazon survived the Dotcom Bubble?
 
Der Eisbär said:
Threw a few bucks towards a basket of cryptos on binance last Friday. Picked up some cardano, ripple, substratum and power ledger. Power ledger is up from like 80 cents to over a dollar now. And the cardano I bought at 22 is now... 53 cents. The whole portfolio is up 40% from when I bought in. In just 3 days lol. Think I'm gonna rebuild my iota bags, and reinforce my cardano, power ledger and ripple holdings.

People on that ripple train need to settle the fuck down. They think it's going to be a 100$ coin or something one day when everything about ripple screams otherwise.

Some facts on ripple:
1. It's built to be a liquidity mover between banks. Banks can't do that if the price is fluctuating and going up.

2. The creators of ripple have stated they will just create more circulation if investors don't settle down, to bring stability to the price.

That leads to
3. Ripple is a centralized currency that can be manipulated and controlled by it's creator.

All these zealous morons think they're going to be millionaires buying ripple similar with what happened with bitcoin, are ignoring or are ignorant of the entire nature of what ripple is.

Ripple has 100 BILLION coins in circulation, compared to bitcoins 21 million. XRP is NEVER going to be worth 20k. It will never be worth 10k. Nor 5k. Nor 1000. Probably not even 500.

I will be shocked to see ripple hit 100 one day.

However, I am still going to buy some as I see it as pretty undervalued and could see it hit 10$ one day.
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Your #3 point is spot on.

XRP started as a pump n dump scam coin(actually the absolute vast majority of coins listed on cmc are) and while money may have motivated the Ripple team to actually make something legit, it's a coin/product I'll never touch.

Doesn't mean it's not a decent investment but don't be foolish and buy into their real world application hype.
 
Orgasmo said:
I am quite certain there will be a crash, and it will wipe out majority of the cryptocurrencies. With that said, the Dotcom Bubble absolutely slaughtered internet companies in the early 2000's, but Amazon survived and became a dominant force in the tech sector. When the dust clears on this one, I think it would be a better and more stable investing environment. Sometimes the bust is healthy for the market in the long term.

Now the question is, which coin will survive like Amazon survived the Dotcom Bubble?
Click to expand...

I'm thinking along the same lines. Who knows what the next Amazon will be. There's no telling when this bubble will bust, though. It could happen soon or it could go on for a few more years. It's not just cryptocurrencies either, any company that has "blockchain" in their profile is going crazy.

Bitcoin Mania Sends Stock Price of Tiny Startup Longfin Up Over 2,400%
Longfin, based in New York, started trading on the Nasdaq last week at $5. On Friday, the company announced it acquired another startup called Ziddu.com that uses the blockchain ledger accounting technology from digital currencies to make small loans.

That prompted an explosion of interest in Longfin, which saw its stock price more than quadruple on Friday to almost $24 a share. Then on Monday, the mania spread with the stock hitting a high of almost $143. In mid-afternoon trading on Monday, the stock was at $126.66. Bloomberg reported that the company’s stock market worth hit $7 billion.
Click to expand...
 
Der Eisbär said:
Threw a few bucks towards a basket of cryptos on binance last Friday. Picked up some cardano, ripple, substratum and power ledger. Power ledger is up from like 80 cents to over a dollar now. And the cardano I bought at 22 is now... 53 cents. The whole portfolio is up 40% from when I bought in. In just 3 days lol. Think I'm gonna rebuild my iota bags, and reinforce my cardano, power ledger and ripple holdings.

People on that ripple train need to settle the fuck down. They think it's going to be a 100$ coin or something one day when everything about ripple screams otherwise.

Some facts on ripple:
1. It's built to be a liquidity mover between banks. Banks can't do that if the price is fluctuating and going up.

2. The creators of ripple have stated they will just create more circulation if investors don't settle down, to bring stability to the price.

That leads to
3. Ripple is a centralized currency that can be manipulated and controlled by it's creator.

All these zealous morons think they're going to be millionaires buying ripple similar with what happened with bitcoin, are ignoring or are ignorant of the entire nature of what ripple is.

Ripple has 100 BILLION coins in circulation, compared to bitcoins 21 million. XRP is NEVER going to be worth 20k. It will never be worth 10k. Nor 5k. Nor 1000. Probably not even 500.

I will be shocked to see ripple hit 100 one day.

However, I am still going to buy some as I see it as pretty undervalued and could see it hit 10$ one day.
Click to expand...

Isn't some Ripple destroyed with every transaction thus lowering the amount of available Ripple? The tie to banks and the fact the number available deceases over time made me get in on it a little while ago. It's been doing well.

On another note, I bought NEO a long time ago. It rallied a few months ago and then hasn't done anything since. But, this week it's finally starting to take off.
 
rj144 said:
Isn't some Ripple destroyed with every transaction thus lowering the amount of available Ripple? The tie to banks and the fact the number available deceases over time made me get in on it a little while ago. It's been doing well.
Click to expand...

Paper dollars also get destroyed as they are handled. But the worth of them doesn't go up because they keep printing them, with not limit. Ripple is similar in that it is centrally controlled by the creators of Ripple, and they can make as many as they feel like at any time (which is something they have postulated doing). They control the Ripple however they want, for any reason. It is not decentralized, it is very centralized, so it's basically no different of an idea than paper dollars except its less easy to use, less accepted/ standardized, and has less/no controls(laws, etc) on how many wacky ways it can be manipulated at will by the creators/controling-entity of it.

Nearly every crypto coin has been doing well recently. Ripple doesn't count as a crypto because its not encrypted or private or decentralized. It's just another type of fiat (regular money) except it isn't even legal tender.

I'm not trying to discourage anyone from Ripple but them is the facts. Good luck, hope it does well for anyone holding it.
 
benebox said:
Bitcoin co-founder sold all his Bitcoin for Bitcoin Cash, I decided to do the same.

https://finance.nine.com.au/2017/12/19/13/11/bitcoin-dot-com-cofounder-sells-all-of-his-bitcoin

Could this lead to a crash?

*Seems like my bread ICO comment get deleted, I guess you're not allowed to send links for new ICO's then?
Click to expand...
Let's accurately convey information here.

There is no co-founder of bitcoin. That's the co-founder of a website, bitcoin.com.

To answer your question, no, the co-founder of a website selling his few bitcoin isn't going to crash anything.
 
Orgasmo said:
I am quite certain there will be a crash, and it will wipe out majority of the cryptocurrencies. With that said, the Dotcom Bubble absolutely slaughtered internet companies in the early 2000's, but Amazon survived and became a dominant force in the tech sector. When the dust clears on this one, I think it would be a better and more stable investing environment. Sometimes the bust is healthy for the market in the long term.

Now the question is, which coin will survive like Amazon survived the Dotcom Bubble?
Click to expand...

Anything that has real world applications and use cases. 99.99% of the cryptos that are only trying to be digital currency will be wiped out.

Projects like IOTA, POWR, SUB that actually have applications will survive.
 
Just bought a lot of VeChain. Also put a few hundred in REQ, TRX, and DLT.

What do you guys feel like would be another good hold? Something like IOTA? Or something else?
 
SwamiLeoni said:
This market is absolutely going bananas right now. The only coin in red when I look earlier was USDT. This thing is going to blow up so bad and it’s going to hurt a lot of people. This type of nonsense is unsustainable.
Click to expand...

This is silliness. The total market cap of housing in the US is 30 trillion $, with most of that money being concentrated within the US. It was something similar before the crash. The total market cap of all cryptos is like 500 billion and that money is distributed around the world, with most of it actually coming from Asia. The crypto market collapsing right now would be absolutely miniscule compared to the housing crash.
 
Tamriel Terror said:
Just bought a lot of VeChain. Also put a few hundred in REQ, TRX, and DLT.

What do you guys feel like would be another good hold? Something like IOTA? Or something else?
Click to expand...
I'm a huge believer in IOTA and will hold some long term. That being said, it's at an all time high right now. I can't recommend buying something at an all time high but then again you could FOMO buy and not miss out on short-term gains.
 
Orgasmo said:
I am quite certain there will be a crash, and it will wipe out majority of the cryptocurrencies. With that said, the Dotcom Bubble absolutely slaughtered internet companies in the early 2000's, but Amazon survived and became a dominant force in the tech sector. When the dust clears on this one, I think it would be a better and more stable investing environment. Sometimes the bust is healthy for the market in the long term.

Now the question is, which coin will survive like Amazon survived the Dotcom Bubble?
Click to expand...


There’s no doubt about it. Some of these coins don’t’ even have a working product, but they’re still in the Top 10 market cap valued in the Billions. How can a company with only idea be worth billions? It just doesn’t make sense. My guess is that people who caused the mass influx of BTC / ETH / LTC value have finally found out what Alts are and they have decided to move their money from one of those three into the Alts looking for a moon shot. When this market corrects, and it will, you’ll see and hear a lot of panic all over the news waves. It’s going to be quite the spectacle. I’m glad I have some money invested in coins I believe in for the future (ARK / NEO / ETH) Long shots (REQ / QASH).
 
Der Eisbär said:
This is silliness. The total market cap of housing in the US is 30 trillion $, with most of that money being concentrated within the US. It was something similar before the crash. The total market cap of all cryptos is like 500 billion and that money is distributed around the world, with most of it actually coming from Asia. The crypto market collapsing right now would be absolutely miniscule compared to the housing crash.
Click to expand...

Why is it silliness? Houses are tangible assets, cryptos are Intangible assets. Land is scarcer than cryptos and would be worth more hence the insane market cap. Are you assuming that because the housing market cap was 30 trillion that the crypto market cap can get into the trillions before it explodes?

What’s silliness is:

A: Assuming we’re not in a bubble because we are

B: Assuming you can predict the total market cap before it bursts.

No one knows when it’ll happen and it can happen at any time.
 
Just put several hundred into NEO and ARK each. I bought them both when they were on the downtrend, so I think I bought at a decent time.
 
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