rctempire
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Bitcoins (and other crypto currencies)
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R3k1355
ClioSport Club Member
Are the price issues with Ripple and Fun just down to the total number of coins and the number in circulation.
Ripple has close to 100,000,000,000, with almost 40,000,000,000 in circulation.
Fun pretty much has ten times less, which is still an absolute boat-load of them.
Ripple has close to 100,000,000,000, with almost 40,000,000,000 in circulation.
Fun pretty much has ten times less, which is still an absolute boat-load of them.
rctempire
ClioSport Moderator
On the BitMain website it says
https://shop.bitmain.com/productDetail.htm?pid=000201801170959500908a6LT4fg0669
Surprising as its gone up in price too too.
That’s right, If you’re asking why they are seemingly low-priced compared to Bitcoin?
Also be aware that the 60Billion XRP not currently in circulation is owned by the founders, which kind of defeats the objective of crypto for me.
Rusty Cup
https://hackernoon.com/facebook-and-crypto-what-you-need-to-know-for-2018-6bcd71794853
I'm considering putting money on all 3.. Probably won't get round to it.. Will almost certainly regret not doing it
I'm considering putting money on all 3.. Probably won't get round to it.. Will almost certainly regret not doing it
R3k1355
ClioSport Club Member
Yes, and also why the price isn't rising - just because there are billions of coins in circulation.
XRP sounds abit like a pump and dump effort to me, if the price rises significantly the founders will just dump their coins on the market and walk off into the sunset.
That’s right, although XRP is going up in value along with everything else at the minute - 5% in the last day.
Unless XRP runs away with a huge takeup of market share over other coins (forgetting the hype in January), it will continue to grow relative to the rate of the total market cap (total money invested in crypto).
For example, total market cap would need to triple from £336bn to nearly £1tn for XRP to hit £2.50 again... we’ve never hit £1tn even with all the mainstream take-up in December.
Sadly I think there are a lot of people who think they can hit bitcoin prices of XRP because they’re in ‘early’, but it’s all about market cap and circulating supply. Also agree that XRP is a dodgy coin that I’d be wary of holding.
R3k1355
ClioSport Club Member
Well no-one is broke yet, so thats alrite?
R3k1355
ClioSport Club Member
So dump Ripple and buy......................?
GrahamS
ClioSport Club Member
335d
Got cryptos activated on Revolut today.
Also guys talking about Ripple. It's owned by some of the biggest banks so running away isn't really a concern. The biggest issue for ripple is that unlikely other blockchain networks, you don't have to use ripple to use the ripple network. With bitcoins to exchange you need to have bitcoins, etherium, ether etc. Only if people adopt ripple as their standard transaction currency is it going to be in large demand and why would a bank change from USD to XRP? As some other people have said, it's far more liquid and unlike bitcoin there is no squeeze and lack of supply.
Also guys talking about Ripple. It's owned by some of the biggest banks so running away isn't really a concern. The biggest issue for ripple is that unlikely other blockchain networks, you don't have to use ripple to use the ripple network. With bitcoins to exchange you need to have bitcoins, etherium, ether etc. Only if people adopt ripple as their standard transaction currency is it going to be in large demand and why would a bank change from USD to XRP? As some other people have said, it's far more liquid and unlike bitcoin there is no squeeze and lack of supply.
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GrahamS
ClioSport Club Member
335d
as soon as the reason for your original investment isn't there.
Put another £100 in and you'll be evens again
Twitter is the place for crypto - but be careful, one of the guys in a room regarding one of my shares got hacked and wallet got emptied lost about £4k. If you guys are playing with decent amounts of money, i would certainly think about a hardware wallet. Oh and of course simple things like a completely different password to other accounts. Its the only thing stopping me getting involved.
I'm not saying to dump anything, I'm sure it'll see growth, but I don't like the things like the founders holding that many coins and it not being decentralised etc.
My portfolio is roughly 60% LTC and 40% ETH - purely because I believe the tech behind both are here to stay unlike a lot of the altcoins.
Anyone waiting to cash in on the LCC fork?
Rusty Cup
Anyone bought anything interesting recently? I splashed out on some Colx and Sonm. I think either if not both of these will turn x100 by the end of the year.
Herr Flick
aka Herman Ze German
I'm happy as Larry.
Herr Flick
aka Herman Ze German
Na. Has to be legit right?
Missed out on the ico for Electrify Asia (ELEC), picked up some on IDEX whilst trading for a similar price. Has anyone else?
(re-read this and realised 8 months ago I'd have no idea what I just said lol)
(re-read this and realised 8 months ago I'd have no idea what I just said lol)
rctempire
ClioSport Moderator
All is good, realised i had a large bag and cut the crap out of it.
Traded a good whack in and quids in BTC/Eth now.
Well anyway, still mining and its still noisy.
Further to this, ICO's are being heavily clamped down, so be prepared to see other ways of fundraising. Pools seem to be a good way forward.
Traded a good whack in and quids in BTC/Eth now.
Well anyway, still mining and its still noisy.
Further to this, ICO's are being heavily clamped down, so be prepared to see other ways of fundraising. Pools seem to be a good way forward.
welshname
ClioSport Club Member
I've not paid much attention to mine, but in binance my FUN doesn't even show in the default view because it's worth less than the minimum amount of bitcoin to show.
Think that's probably not going to go back up. Neither is XRP at this rate.
Think that's probably not going to go back up. Neither is XRP at this rate.
I'm still up, but I don't bother checking it every day it's just sat there
The Psychedelic Socialist
ClioSport Club Member
I'd hold on to the Ethereum, could make some real money there. Rest is pocket change until then I suppose.I know it's in a slump, but so tempted to cash out now:
BMW M4; S1000 RR
I know it's in a slump, but so tempted to cash out now:
Couldn't even be bothered to edit the quantity!
The Psychedelic Socialist
ClioSport Club Member
With £72 of Ethereum in the bank, I'm clearly far too rich to be wasting time on proper photoshopping.
It hasn’t burst.
rctempire
ClioSport Moderator
I just did some short trades on STORM (120%) and Verge (10%). Dumped POE(-1%) too.
Quids in lads.
Quids in lads.
rctempire
ClioSport Moderator
Also, if anyone has available funds, get into BNB. Coinburn! YES PLEASE
https://www.cryptorecorder.com/2018/02/18/the-upcoming-march-burn-will-push-binance-coin-bnb-to-50/
https://www.cryptorecorder.com/2018/02/18/the-upcoming-march-burn-will-push-binance-coin-bnb-to-50/
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