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Bitcoin currency of the future?

Man, Ripple is killing it. It's #2 in market cap now. If you bought $100 of Ripple in May 2017, you'd have about $35,000 now depending on when you read this post. ;)
 
No one is watching this? Ripple is closer to overtaking BTC in market cap than any other currency has been before.
 
On further reading it seems like it is capped but they are holding back large amounts of it.

Which sucks because I liked it but lost interest when reading it was uncapped.
 
rj144 said:
No one is watching this? Ripple is closer to overtaking BTC in market cap than any other currency has been before.
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Not true. Ethereum was at like 85% of Bitcoin market cap early this year. Speaking of ETH Vitalik Buterin needs to stop reading Reddit and focus on his vision. Guy is supremely talented but gets caught up by idiots and trolls
 
mr.bigglesworth said:
Not true. Ethereum was at like 85% of Bitcoin market cap early this year. Speaking of ETH Vitalik Buterin needs to stop reading Reddit and focus on his vision. Guy is supremely talented but gets caught up by idiots and trolls
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Was it? When? Ripple was about 85% a little while ago. To be 85% of the BTC market cap, ETH would need to be 15% of BTC's value. ETH has only recently been around $800 and that was very recently. $800/.15 = $5333, BTC has been above this value for months.

I mean, right now, it's at about 25% of BTC's market cap. How could have been 60% higher at any other point?
 
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HIMBOB said:
On further reading it seems like it is capped but they are holding back large amounts of it.

Which sucks because I liked it but lost interest when reading it was uncapped.
Click to expand...

Also, the circulating amount of Ripple decreases over time.
 
rj144 said:
Was it? When? Ripple was about 85% a little while ago. To be 85% of the BTC market cap, ETH would need to be 15% of BTC's value. ETH has only recently been around $800 and that was very recently. $800/.15 = $5333, BTC has been above this value for months.

I mean, right now, it's at about 25% of BTC's market cap. How could have been 60% higher at any other point?
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When bitcoin had a ~$35bn market cap Ethereum was $25-30bn iirc. Maybe around June I'd have to look at the graph
 
Man I was gonna buy Ripple a short while ago but needed a hardware wallet to store it. It didn't show up before my xmas holidays so I ain't got nothing

giphy.gif


Still gonna buy the shit out of it as soon as I can though
 
Probably not a great idea to plan your retirement on a "buy and hope" strategy with bitcoin. I trade every day, for a living, and not having any interest in bitcoin I can still see tons of opportunities to make serious money with the volatility. Learn some basic technical analysis and intro trading psych, as it's amateur hour and that's all you need.

It's hard for real traders to get interested in bitcoin because we are disciplined and structured. I definitely missed some big money, but 99% of those who made money off this bubble will be market losers long term. They will remember how great of an investor they are (lol) and get burned with each and every new fad that comes along. That's how the market (and life) works. IMO
 
Zer said:
Man I was gonna buy Ripple a short while ago but needed a hardware wallet to store it. It didn't show up before my xmas holidays so I ain't got nothing

giphy.gif


Still gonna buy the shit out of it as soon as I can though
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What wallet did you get?
 
steve38 said:
Probably not a great idea to plan your retirement on a "buy and hope" strategy with bitcoin. I trade every day, for a living, and not having any interest in bitcoin I can still see tons of opportunities to make serious money with the volatility. Learn some basic technical analysis and intro trading psych, as it's amateur hour and that's all you need.

It's hard for real traders to get interested in bitcoin because we are disciplined and structured. I definitely missed some big money, but 99% of those who made money off this bubble will be market losers long term. They will remember how great of an investor they are (lol) and get burned with each and every new fad that comes along. That's how the market (and life) works. IMO
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My retirement is taken care of... I have a pension, IRA, and stocks among other investments. I invested a bit for extra money or to possibly retire sooner.

It's been repeated many times in this thread. If one diversifies among cryptos, I think long term you'll be fine. Blockchain is not a fad.
 
rj144 said:
My retirement is taken care of... I have a pension, IRA, and stocks among other investments. I invested a bit for extra money or to possibly retire sooner.

It's been repeated many times in this thread. If one diversifies among cryptos, I think long term you'll be fine. Blockchain is not a fad.
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It's definitely a good bet, at the right levels, and I hope you win. I just scoff at those who didn't make a million off of it, and have regrets. They are the ones that traders feed upon. Post up a daily chart and we can look for levels and technicals, if you want.
 
steve38 said:
Probably not a great idea to plan your retirement on a "buy and hope" strategy with bitcoin. I trade every day, for a living, and not having any interest in bitcoin I can still see tons of opportunities to make serious money with the volatility. Learn some basic technical analysis and intro trading psych, as it's amateur hour and that's all you need.

It's hard for real traders to get interested in bitcoin because we are disciplined and structured. I definitely missed some big money, but 99% of those who made money off this bubble will be market losers long term. They will remember how great of an investor they are (lol) and get burned with each and every new fad that comes along. That's how the market (and life) works. IMO
Click to expand...
With crypto you have to throw all that TA and trading psychology you've learned out the window. This is the wild west. Fraud isn't just rampant- it's how the vast majority of IPOs originated. Shit that the SEC would snuff out day 1 has been traded for years. Twitter, bitcointalk, and reading graphs are your best friends. Luck doesn't hurt either
 
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