Cryptocurrency - a few tips from an old hand

[Tyrannosaurus rex]

Why is Ripple dropping so hard at the moment?

 

[rj144]

Why is Ripple dropping so hard at the moment?

http://lmgtfy.com/?q=price+of+ripple

 

[xcvbn]

Why is Ripple dropping so hard at the moment?

The creators own and control 60% of the pre-mined coins. It's a centralized scam. Always has been. What you're seeing is the dump following the pump.

 

[Nik123]

Also - the Ripple tokens themselves have no functional use. The technology the banks were interested in was the Ripple blockchain, which can operate without the tokens.

 

[MRDOG]

Ripple picked up a little again ... fell to $1.60 back up to the $2 range.

Rumor has it In about 14 hours a Japan exchange is going to be adding Ripple and they have millions of customers.

 

[Sonnyboi83]

Ripple picked up a little again ... fell to $1.60 back up to the $2 range.

Rumor has it In about 14 hours a Japan exchange is going to be adding Ripple and they have millions of customers.

Where you hear it from?

 

[Strychnine]

After the Mt. Gox bitcoin fiasco, I wouldn't touch a cryptocurrency site based in Japan with a ten foot pole.

 

[MRDOG]

Where you hear it from?

https://news.bitcoin.com/japanese-dmm-crypto-exchange-launch/

Japanese entertainment conglomerate DMM Group, the operator of popular e-commerce site DMM.com with 27 million members, is preparing to launch a cryptocurrency exchange. 7 cryptocurrencies, 14 trading pairs, and margin trading will be offered.

Ripple is one of those seven

The 7 supported cryptocurrencies are bitcoin (BTC), ether (ETH), nem (XEM), ripple (XRP), litecoin (LTC), ethereum classic (ETC), and bitcoin cash (BCH).

 

[IDL]

The us government isn't what gives the dollar it's value. It's people usage, belief in, and widespread adoption of the dollar that makes it worth what it is. Also being the global reserve currency for oil. But that is going away and people's belief in the dollar is weak.

Also the ability to collect taxes to pay off debt. The tax base is similar to the product of a company.

 

[xcvbn]

Also - the Ripple tokens themselves have no functional use. The technology the banks were interested in was the Ripple blockchain, which can operate without the tokens.

I've been reading up a bit on what Ripple has been doing lately, checked out their website, etc. They seem to be gearing up as the "corporate coin." They even have all the makings and attitude of the deplorable corporate behavior. The website acts as a mainstream news site with email sign-ups flashing everywhere. And sadly Ripple may just become a decent long term investment even though it's inherently anti-everything crypto is about.

I'll be ecstatic if it crashes and burns into oblivion. Other people generally invested long-term into crypto should be hoping for it too- as it stands ripple is soaking up billions(the true market cap is closer to single digit billions) which could otherwise be raising the prices of different coins.

 

[SwamiLeoni]

I've been reading up a bit on what Ripple has been doing lately, checked out their website, etc. They seem to be gearing up as the "corporate coin." They even have all the makings and attitude of the deplorable corporate behavior. The website acts as a mainstream news site with email sign-ups flashing everywhere. And sadly Ripple may just become a decent long term investment even though it's inherently anti-everything crypto is about.

I'll be ecstatic if it crashes and burns into oblivion. Other people generally invested long-term into crypto should be hoping for it too- as it stands ripple is soaking up billions(the true market cap is closer to single digit billions) which could otherwise be raising the prices of different coins.

Are you talking the whole MC of crypto as a whole? If yes, I'm assuming because you believe only a certain amount (say 90%) should have any MC at all?

I just need Ven to hit $30 and I'm outtie 5-90. Hopefully this rebranding coming up helps push it, but I bet we'll only see around $10.

 

[xcvbn]

Are you talking the whole MC of crypto as a whole? If yes, I'm assuming because you believe only a certain amount (say 90%) should have any MC at all?

I just need Ven to hit $30 and I'm outtie 5-90. Hopefully this rebranding coming up helps push it, but I bet we'll only see around $10.

Both but in this instance I'm talking solely about Ripple. There's 3x as many centrally owned coins as there are coins in the wild- and who knows how many of those ones the owners control too.

I get the short-term investor and don't blame you or anyone else, but I believe certain cryptos have very powerful futures and I think it's important this technology is used for demolishing the old ways- not continuing them on a new platform.

Make those gains dawg. Good luck

 

[SwamiLeoni]

Both but in this instance I'm talking solely about Ripple. There's 3x as many centrally owned coins as there are coins in the wild- and who knows how many of those ones the owners control too.

I get the short-term investor and don't blame you or anyone else, but I believe certain cryptos have very powerful futures and I think it's important this technology is used for demolishing the old ways- not continuing them on a new platform.

Make those gains dawg. Good luck

Buy the Dips! I’m pretty well centered on VEN. Holding a couple of K atm. As soon as the S. Korea stuff goes away and that MC goes back up to $700B+ I’ll be throwing pennies in fountains wishing it all flows to VeChain.

This same type of dip during the China ban is when I made a killing. That’s why you always have cash on hand for moments like these.

 

[xcvbn]

Buy the Dips! I’m pretty well centered on VEN. Holding a couple of K atm. As soon as the S. Korea stuff goes away and that MC goes back up to $700B+ I’ll be throwing pennies in fountains wishing it all flows to VeChain.

This same type of dip during the China ban is when I made a killing. That’s why you always have cash on hand for moments like these.

Yep. Never go all in.

 

[MRDOG]

Money Gram partnered with ripple ... Caused a temp spike in prices today once it was announced. Back down to about $2 a ripple. That Japan exchange also opened.

Anyone here on Binance ? Place was freezing on my durring the rise and fall of ripple. I try'd to buy at $1.70 .. it was a good hour + later before Binance would let me purchase ( site was freezing up ) by that time it was at $2.

 

[Cid]

Newb here. I consider myself tech and information (moderately) savy, but with crypto, it's just so overwhelming. So my post will probably contain a couple of stupid questions.

I'm not gambling away rent money or anything significant, i'll make a 200$ investment (max) in the next two months. One in something solid (i'm thinking ethereum), and something more risky (i'm thinking raiblocks).

1. How secure is coinbase and is there merit in claims it's a scam, and people can't withdraw their money? Their site looks newb and user friendly, which is why i used it.
2. If it's not secure, which one is, and how difficult it is for a newb to buy/sell cyrpto over it?
3. Speaking of buying/selling, am i buying (for argument sake, let's say on coinbase) at the price someone else is offering or the immediate price shown currently on (e.g.) coinmarketcap?
4. Why is there a need for wallets? I don't understand all this hoopla of buying one crypto (e.g. bitcoin) on one platform, trading for other cyrpto on other platform, transferring it to your account on third platform, then transferring it to your wallet (online or desktop), for which the password (or whatever the name is) is advised to be printed out and stored on a secure, offline location. Is there really a need for me to have accounts on coinbase, kucoin, bitgrail, and binance (and the wallets) in order to buy/sell/store 2 or 3 crypto currencies?
4. Most important one: How do i cash out (eventually)?

1+2)Coinbase should be fine. Like all exchanges they seem to have problem accounting for the growth and movement of traffic and the volume of coins which causes issues of being able to buy and sell sometimes but you're hard pressed not to find other exchanges without the same issues.

*Edit* You can see the post above for an example

3)I'd wager on coinbase you're buying a combination of what others are selling at (what other exchanges do) and what coinbase has picked up as a bank so that people can always buy these coins. CMC shows the median value on the different exchanges, coinbase would be one of these exchanges.


4)It really depends on how much you have as to how well you're going to protect it. Bitcoin was created so that you wouldn't need to have banks or exchanges handle your money. You control it without your account and key, only you can transfer that money, your responsibility and if you fuck it up there's only you to blame. This is different from a service you pay for like a bank where you can talk to someone if something goes wrong like sending it to the wrong address. The software is the system not people and institutions.

When your money is sitting on an exchange you're essentially entrusting your responsibility of security to someone else. If your account or the exchange gets hacked they can send your crypto to their wallet and due to the nature of the technology involved there's not much you can do about it.

5)Sell your crypto and wire it to your bank account. If you're not American you'll probably want to find a local exchange.

 

[taurus]

1+2)Coinbase should be fine. Like all exchanges they seem to have problem accounting for the growth and movement of traffic and the volume of coins which causes issues of being able to buy and sell sometimes but you're hard pressed not to find other exchanges without the same issues.

*Edit* You can see the post above for an example

3)I'd wager on coinbase you're buying a combination of what others are selling at (what other exchanges do) and what coinbase has picked up as a bank so that people can always buy these coins. CMC shows the median value on the different exchanges, coinbase would be one of these exchanges.


4)It really depends on how much you have as to how well you're going to protect it. Bitcoin was created so that you wouldn't need to have banks or exchanges handle your money. You control it without your account and key, only you can transfer that money, your responsibility and if you fuck it up there's only you to blame. This is different from a service you pay for like a bank where you can talk to someone if something goes wrong like sending it to the wrong address. The software is the system not people and institutions.

When your money is sitting on an exchange you're essentially entrusting your responsibility of security to someone else. If your account or the exchange gets hacked they can send your crypto to their wallet and due to the nature of the technology involved there's not much you can do about it.

5)Sell your crypto and wire it to your bank account. If you're not American you'll probably want to find a local exchange.

My man...

 

[amplus]

Wtf is going on in the market??

Korean panic is over, Binance is taking on new registrations.....so why is everything in red??

Any tips for new crypto's to go for this month??

 

[rj144]

Wtf is going on in the market??

Korean panic is over, Binance is taking on new registrations.....so why is everything in red??

Any tips for new crypto's to go for this month??

When there aren't other distractions, it doesn't go up every day in perpetuity. There are fluctuations. Just be patient.

 

[taurus]

Wtf is going on in the market??

Korean panic is over, Binance is taking on new registrations.....so why is everything in red??

Any tips for new crypto's to go for this month??

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