Crypto Currency Thread

[anonymous-user]

g4ry13 said:

If there's demand to buy XRP and Coinbase can make money out of it in the process then isn't the 'ethical' stance shooting themselves in the foot?

Xrp controls the whole shabang. Network, nodes, inflation and deflation etc. Why should a business have to buy into all this. They will never add it it just is pointless.

[g4ry13]

Thesprucegoose said:

g4ry13 said:

If there's demand to buy XRP and Coinbase can make money out of it in the process then isn't the 'ethical' stance shooting themselves in the foot?

Xrp controls the whole shabang. Network, nodes, inflation and deflation etc. Why should a business have to buy into all this. They will never add it it just is pointless.

When there's demand for something, it would be good business sense to be a supplier. Otherwise you lose out to the competitors who do offer the product.

Doesn't matter whether you think XRP is terrible or the best thing since sliced bread. The fact is that people want to own XRP and speculate on it and whilst Coinbase isn't listing it, their competitors are and making money out of it as a result.

[Behemoth]

kapiteinlangzaam said:

NRS said:

kapiteinlangzaam said:

Yes, but an easy +20% to be made today I reckon (on top of the +20% it's already done in the last 12hrs) for those with the balls to day trade it.

.......

?

I'd guess he's pointing out your tip didn't happen & it's back to where it was. Unless you meant you traded a +20% and then traded a -20%, in which case you're a genius at timing a short frame buy the rumour / sell the news Which pairing btw?

[anonymous-user]

g4ry13 said:

When there's demand for something, it would be good business sense to be a supplier. Otherwise you lose out to the competitors who do offer the product.

Doesn't matter whether you think XRP is terrible or the best thing since sliced bread. The fact is that people want to own XRP and speculate on it and whilst Coinbase isn't listing it, their competitors are and making money out of it as a result.

Enron created demand, people bought there shares. Your analogy based on demand is not really valid, XRP demand is being driven by pure speculation. I posted it a month back when a money exchange started to use XRP, the volume was tiny compared to exchange volumes.

Also XRP labs is making an easy 100 million usd a month selling xrps, why cut someone in on the profit.

Edited by Thesprucegoose on Monday 5th March 21:10

[g4ry13]

Thesprucegoose said:

g4ry13 said:

When there's demand for something, it would be good business sense to be a supplier. Otherwise you lose out to the competitors who do offer the product.

Doesn't matter whether you think XRP is terrible or the best thing since sliced bread. The fact is that people want to own XRP and speculate on it and whilst Coinbase isn't listing it, their competitors are and making money out of it as a result.

Enron created demand, people bought there shares. Your analogy based on demand is not really valid, XRP demand is being driven by pure speculation. I posted it a month back when a money exchange started to use XRP, the volume was tiny compared to exchange volumes.

Also XRP labs is making an easy 100 million usd a month selling xrps, why cut someone in on the profit.

Edited by Thesprucegoose on Monday 5th March 21:10

Did the exchange or any brokers say 'Enron shares are crap, we're not going to sell them to you'? Hell no...if people wanted to buy them, they sold the shares and made the bit in the middle.

All crypto is speculative so i'm not getting your point.

I'm not really sure why the trivial is being discussed. People want to buy XRP and they're doing so on Kraken, Binance, Poloniex etc. Coinbase could be making that money too but instead decide not to list the 3rd largest coin.

[Behemoth]

kapiteinlangzaam said:

I'm not day trading. I have a colleague who tried it, his hair turned white white quickly.

Not delving too far in to the numbers (because I don't care enough, all my purchases are long hold) movement was up and down 25% +/- over the last 24hrs.

If you've got the balls, it's a lot of money for nothing.

I thought it would go higher TBH. Again, there's a good reason I'm not day trading!

But 25% against what?

You've certainly got to have strong conviction to long hold XRP, but that's already been discussed.

[NickCQ]

Lots of news stories about saying that BTC transaction volumes are down but is this USD/BTC at the exchanges or BTC/BTC on the blockchain?
Is this because of LN adoption, i.e. off-chain transactions not recorded in the usual places?

[Behemoth]

NickCQ said:

Lots of news stories about saying that BTC transaction volumes are down but is this USD/BTC at the exchanges or BTC/BTC on the blockchain?
Is this because of LN adoption, i.e. off-chain transactions not recorded in the usual places?

Transactions are now batched by many major exchanges. This has had a huge downward impact on fees and on headline tx volumes recorded. It's all on chain, BTC. Coinbase were the key culprit and I heard one exchange (forget which) even sending 2 tx's for 1 real tx just to satisfy their internal processes.

[Mousem40]

g4ry13 said:

Did the exchange or any brokers say 'Enron shares are crap, we're not going to sell them to you'? Hell no...if people wanted to buy them, they sold the shares and made the bit in the middle.

All crypto is speculative so i'm not getting your point.

I'm not really sure why the trivial is being discussed. People want to buy XRP and they're doing so on Kraken, Binance, Poloniex etc. Coinbase could be making that money too but instead decide not to list the 3rd largest coin.

Coinbase trade very few Cyrptos for a reason. I'd wager most of their customer base are n00bs. If they were to trade a coin that had a higher probability of going to zero, it would leave a very sour taste in the customer's mouths who might stay away from Cyrptos altogether as a result. That may have an impact on Coinbase overall profits.

Let the n00bs trade the blue chips that are less likely to tank, let them make a profit, let them tell mom and pops how much money they made, and let the business model succeed.

[NickCQ]

Behemoth said:

NickCQ said:

Lots of news stories about saying that BTC transaction volumes are down but is this USD/BTC at the exchanges or BTC/BTC on the blockchain?
Is this because of LN adoption, i.e. off-chain transactions not recorded in the usual places?

Transactions are now batched by many major exchanges. This has had a huge downward impact on fees and on headline tx volumes recorded. It's all on chain, BTC. Coinbase were the key culprit and I heard one exchange (forget which) even sending 2 tx's for 1 real tx just to satisfy their internal processes.

Makes sense, cheers.

[anonymous-user]

Not sure on that though all coin volume is down as well as being at high prices, not a good recipe.

https://bitinfocharts.com/comparison/transactions-...

[Behemoth]

Thesprucegoose said:

Not sure on that though all coin volume is down as well as being at high prices, not a good recipe.

https://bitinfocharts.com/comparison/transactions-...

Everyone piles in Dec "It's a bubble, it can't last"

Everyone jumps out Feb "volume has gone down, it's a big problem"

Prices are back where they were late November

[g4ry13]

Mousem40 said:

g4ry13 said:

Did the exchange or any brokers say 'Enron shares are crap, we're not going to sell them to you'? Hell no...if people wanted to buy them, they sold the shares and made the bit in the middle.

All crypto is speculative so i'm not getting your point.

I'm not really sure why the trivial is being discussed. People want to buy XRP and they're doing so on Kraken, Binance, Poloniex etc. Coinbase could be making that money too but instead decide not to list the 3rd largest coin.

Coinbase trade very few Cyrptos for a reason. I'd wager most of their customer base are n00bs. If they were to trade a coin that had a higher probability of going to zero, it would leave a very sour taste in the customer's mouths who might stay away from Cyrptos altogether as a result. That may have an impact on Coinbase overall profits.

Let the n00bs trade the blue chips that are less likely to tank, let them make a profit, let them tell mom and pops how much money they made, and let the business model succeed.

I'd guess the reason is they're struggling to run the business properly with the few coins they currently offer and also they're tied up with various legal disputes and don't have the capacity to start adding more coins.

There's clearly demand from people to trade coins other than the ones Coinbase offer and they will lose ground to their competitors for failing to address this.

[Behemoth]

Coinbase didn't add XRP because it is not decentralised. It is run by a company. It thus doesn't meet the basic criteria for listing on that exchange.

[g4ry13]

Behemoth said:

Coinbase didn't add XRP because it is not decentralised. It is run by a company. It thus doesn't meet the basic criteria for listing on that exchange.

Forget about XRP for a second.

Since Bitcoin Cash they've added absolutely nothing to the platform and people want to buy more than Bitcoin, Litecoin, Ethereum/ETC and Bitcoin Cash. The selection they offer is woeful.

[Behemoth]

g4ry13 said:

Forget about XRP for a second.

Since Bitcoin Cash they've added absolutely nothing to the platform and people want to buy more than Bitcoin, Litecoin, Ethereum/ETC and Bitcoin Cash. The selection they offer is woeful.

As the largest exchange in the US, Coinbase will be under extreme regulatory scrutiny and I don't see them ever offering anything that seems like a security since the recent senate hearings declared all tokens securities if they were offered to market without a product existing. They are probably nervous about carrying Ethereum.

There are plenty of other places available where you can buy whatever you like. I don't see a problem with an exchange being conservative with their offerings if they wish to. I do see a problem if their practices affect fees in the overall market, which they seem to have fixed after a lot of pressure.

[Behemoth]

Fascinating 30 min BBC radio documentary last night recounting the MtGox collapse with recent interviews of Mark Karpeles & others around at the time: http://www.bbc.co.uk/programmes/b09tdyjz

[peekay74]

Just a quick question re some of the Alt-Coins - has anyone any recommendations about ‘safe’ places to store IOTA and Monero? All reviews I read of wallets seem poor and wondering if there is something recommended by others?

[Behemoth]

peekay74 said:

Just a quick question re some of the Alt-Coins - has anyone any recommendations about ‘safe’ places to store IOTA and Monero? All reviews I read of wallets seem poor and wondering if there is something recommended by others?

There's nothing trustworthy for IOTA, including the coin itself and its own wallet.

Various options for XMR. Paper is timeless & safe if generated properly. Good guide but search for Ledger Nano S; I don't know it's status, iirc ready any day now

https://www.reddit.com/r/Monero/comments/64b5lf/wh...

I hear Binance was hacked today. Move any serious amounts off the exchanges, especially the smaller ones

[Shuvi McTupya]

Any opinions on BTC getting back down below 6k ?

A guy that I am following on FB is convinced that is where it is heading. I listened to him a little while ago and sold BTC at 12k, bought it back at 6k and sold a week ago at 11.5k.

It does feel good holding USD and waiting for dips rather than holding on and riding them out!

He also thinks ETH is heading down to about 500..