Discussion
Bitcoin has dropped to less than 50% market dominance today, and ripple moving to number 2 and half of bitcoin, seems a pretty momentous day really, i have to admit if i was holding bitcoin i would be starting to feel a bit nervous. ripple has nearly 4 times its value in a month.
btc backlog is growing as well and at the limit of transactions per day, transactions taking from 2 hours to 2 days.
btc backlog is growing as well and at the limit of transactions per day, transactions taking from 2 hours to 2 days.
Edited by The Spruce goose on Tuesday 16th May 17:51
I would say ripple is a hybrid. It is a coin that offers a million transactions a second, low fees and quick. Which competes with btc. You are also buying a share in effect in the company as the banks use the tech not the coin. Combined with a potential supply lock up, I.e proof of stake which is popular no one cares you can't mine it is good.
You can buy ripple on it owns website as well as poloniex and others so should be easy enough.
It still good all fail away but the 28th is the potential big news just sell before then.
You can buy ripple on it owns website as well as poloniex and others so should be easy enough.
It still good all fail away but the 28th is the potential big news just sell before then.
i never get the short thing, a 500 million volume doesn't disappear overnight, maybe if they are listed then the price might drop, but the crypto world is more than currency, assets are more the correct term. the thing is this world trades 24h 7 days a week maybe people dont want to invest on the stock market and prefer the crypto world.
bitcoin can only be mined by expensive complicated computing power.
But it is possible to mine coins at home using a cpu or more commonly gpus. the scripts of the coin are made to defeat asic (ethereum for example ) mining so therefore hinder control by a central power like what happened with bitcoin mining.
i mine coins using gpus as well as making a few quid i give something back to the industry and hobbist in keeping alive the networks.
you can mine via nicehash and get paid in btc.
edit just checked and ripple has done nearly 10 times in less than a month
But it is possible to mine coins at home using a cpu or more commonly gpus. the scripts of the coin are made to defeat asic (ethereum for example ) mining so therefore hinder control by a central power like what happened with bitcoin mining.
i mine coins using gpus as well as making a few quid i give something back to the industry and hobbist in keeping alive the networks.
you can mine via nicehash and get paid in btc.
edit just checked and ripple has done nearly 10 times in less than a month
Edited by The Spruce goose on Wednesday 17th May 22:10
rufusgti said:
I find the whole thing a minefield and very complicated. Frustratingly so for someone with little knowledge of computing.
i think it is a weakness as well BTC backlog (261k transaction at last count, a days worth) and still climbing yet the confidence is still high, i take this as a potential risk.
It is is good to be an outsider you can view things objectively and not get suckered into the whole this will solve the worlds issues a lot seem to think.
Had a good month this month around 50% profit not mega money but getting there.
i found coinbase the easiest to use, i tried loads of others bitpanda, coinify. etc
Edited by The Spruce goose on Saturday 20th May 21:32
Edited by The Spruce goose on Saturday 20th May 21:33
Henrico said:
I'd still recommend investing in Bitcoin if you're in it for the long term. It has first mover advantage and the best group of devs working on it. The other alts are in more of a bubble than Bitcoin in my opinion which will bomb at some point. Ripple is a semi-centralised token for banks which is massively over-valued at the moment. Litecoin gets my vote but is basically a poor man's Bitcoin. We'll see...
i know that btc price is propped up by exchanges but 46% market share and a growing massive backlog put me off, that is why i prefer eth i can send my funds quickly and easily, i dont want to wait days. i use bitcoin and have some but prefer other alts that offer more than btc.the word bubble is banded around with impunity , but the definition means the bubble bursts when the man on street invests, which is at least a year away. any bubble would effect btc anyway, like i said the exchanges keep btc high through demand by using it list against the alt coins. it has a lot of infrastructure behind it, but in relative terms it is slow and old tech, new people into cryto see the potential other btc holders don't.
Edited by The Spruce goose on Monday 22 May 08:56
Henrico said:
I'm talking long term here. Also, BTC has a use case (store of value mainly at the moment) and is currently undervalued, Ethereum currently doesn't have a usecase therefore currently is wildly overvalued. Also, to say it's old tech is missing the point, it's the most secure crypto out there by far which is why it takes a long time to get changes agreed. It has far and away the best group of devs working on it who can add features as and when. When segwit activates it'll leave the rest trailing in it's wake..
i disagree with this but only time will tell. i'm not sure what you mean ethereum doesn't have a use case, it is a platform for loads of different stuff, but 1600% growth means it is doing something right. i personally don't care about any of it i i only in it to make money, so don't get hung up on holding coins etc i know one thing i am still waiting on a btc deposit 24 hours later loli agree , i just find the btc crowd so staunch, like chemical ali, denying any issues whilst the market share is being eaten up.
Mine are decred, btc, eth , edgeless and some others. i don't get too attached , i mine as well which is quite profitable as well as demand for all coins is clearly up.
i originally bought 31 eth in march but sold them way too early, would have been worth about 5.5k now lol
Mine are decred, btc, eth , edgeless and some others. i don't get too attached , i mine as well which is quite profitable as well as demand for all coins is clearly up.
i originally bought 31 eth in march but sold them way too early, would have been worth about 5.5k now lol
Keldemebeh said:
Which platform is everyone using to trade coins? I've looked into investing in different types of coins in the past, but I've been put off by the verification steps - having to provide photo ID and proof of address etc. Are there any trusted, reputable platforms out there?
i use poloniex which seems the safest and biggest but seems to lag badly on big pumps and dumps , random withdrawal delays are a pain sometimes 24 hours, but works well, based in usa seems safe as well
bittrex easy to use no trollbox, based in usa
liqui.io i use to buy ethereum tokens very standard lowish volume but good for tokens and coins not on the other 2
if you want to withdraw more than 2k usd a day then id required but polo can trade without it and others.
Edited by The Spruce goose on Monday 22 May 16:07
Iamnotkloot said:
I'll cheerfully admit to not knowing what Edgeless and Decred were but looked them up - they appear to be doing pretty well and you've got to be happy with today's performance on Edgeless.
An amazing amount of money has come into all the Cryptos lately, total market cap now nearly $80 bn......
edgeless is a long term but ive done well i bought at ico, decred i like the whole idea. An amazing amount of money has come into all the Cryptos lately, total market cap now nearly $80 bn......
there is a coin for everyone and some cool ideas as well.
stongle said:
Enterprise Ethereum is widely backed back banks. As a coin, or unit of value possible it is over pumped- but any convergence between public and private blockchain is likely in Ethereum. DAH and hyperledger project are into everything. BTC in possibly too libertarian for the banks.
sorry what is DLT and px.
pos was proof of stake, i.e no more proof of work, i.e mining of Ethereum.
the thing i have noticed is a lot of banks are interested in the tech, but end up doing it themselves, Mitsubishi UFJ is looking at its own tech and even digital currency, most of the code is open source anyway (ripple i don't think so).
are there any interesting coins/projects you have an eye on?
pos was proof of stake, i.e no more proof of work, i.e mining of Ethereum.
the thing i have noticed is a lot of banks are interested in the tech, but end up doing it themselves, Mitsubishi UFJ is looking at its own tech and even digital currency, most of the code is open source anyway (ripple i don't think so).
are there any interesting coins/projects you have an eye on?
The Spruce goose said:
big drop today in the market.
i love how BTC isnt a bubble but everything is. it there is a big drop btc will be going down as well. the more big investments the more big dark pools.
I have been thinking of putting a few quid in - judging by my past track record, now could be the time to ditch what you have and sit tight for a couple of years.i love how BTC isnt a bubble but everything is. it there is a big drop btc will be going down as well. the more big investments the more big dark pools.
desolate said:
I have been thinking of putting a few quid in - judging by my past track record, now could be the time to ditch what you have and sit tight for a couple of years.
sorry you mean invest or cash out?my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
Edited by The Spruce goose on Thursday 25th May 09:22
The Spruce goose said:
sorry you mean invest or cash out?
my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
I meant that as I am thinking of investing for the first time my track record suggests others should bail out.my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
Edited by anonymous-user on Thursday 25th May 09:22
I tend to be firmly in the "buy high, sell low" camp when it comes to investment.
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