Crypto Currency Thread

Crypto Currency Thread

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x5x3

2,422 posts

252 months

Wednesday 22nd November 2017
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The Spruce goose said:
x5x3 said:
£50K
50k what btc? in usd?
BTC hits £50K - is my prediction.

well, ok, its my wish biggrin

M511

103 posts

86 months

Wednesday 22nd November 2017
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The Spruce goose said:
Whats everyone's predictions for 2018?
Bitcoin will become the reserve currency for cryptos... if Ripple manage to convince enough banks to use their tech then their coin will go through the roof. It's still cheap enough to buy at the moment.

g4ry13

16,887 posts

254 months

Wednesday 22nd November 2017
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The Spruce goose said:
Whats everyone's predictions for 2018?
More Bitcoin forks and concerns about transaction speeds.

Dash to gain traction and go over $1000 mark.

I'm positioning myself in Ripple, that's the one which seems to make most sense to me and has highest chance of doing a Bitcoin and going up multiples. Ripple is well positioned and even today had some positive news, it's just a case of implementing XRP.

Croutons

9,807 posts

165 months

Wednesday 22nd November 2017
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XMR has near doubled in a month. Why? Don't see what the anonymity has to do with it tbh.

Predictions-

BTC hits $75K, ie tulip money, regulators start taking note of the outflow of cash from their economies and risks people (late entrants) are taking, and start doing more than just "voicing concerns".

ICO's banned in a dozen+ countries.

Your plasterer/ cleaner/ other unlikely investor piles in without a clue, given the high price of an individual coin, enterprising types offer communal buys (fractional ownership) at inflated prices, bouncing straight back to the first prediction.


anonymous-user

53 months

Wednesday 22nd November 2017
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Dogecoin has done nearly 40% in a week, this is the thing, a coin that was made as a joke worth 200 million market share still rising in price. 10x since feb 2017 performed better than btc...

NickCQ

5,392 posts

95 months

Thursday 23rd November 2017
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g4ry13 said:
More Bitcoin forks and concerns about transaction speeds.

Dash to gain traction and go over $1000 mark.

I'm positioning myself in Ripple, that's the one which seems to make most sense to me and has highest chance of doing a Bitcoin and going up multiples. Ripple is well positioned and even today had some positive news, it's just a case of implementing XRP.
I thought the problem with Ripple was that there was no cap on the number of coins the dev team can create, meaning the value of your holding could get inflated away to nothing (just like non-crypto money I suppose)?

M511

103 posts

86 months

Thursday 23rd November 2017
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Vyse said:
Vyse I'm looking into DTR which seems like a sensible ICO, its from the founder of Bitstamp. They're ambitions aren't too high but I will position myself into it.

M511

103 posts

86 months

Thursday 23rd November 2017
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g4ry13 said:
More Bitcoin forks and concerns about transaction speeds.

Dash to gain traction and go over $1000 mark.

I'm positioning myself in Ripple, that's the one which seems to make most sense to me and has highest chance of doing a Bitcoin and going up multiples. Ripple is well positioned and even today had some positive news, it's just a case of implementing XRP.
I agree with XRP, its a good time to be in. Even if it hits $1, that's a 300% return.

x5x3

2,422 posts

252 months

Thursday 23rd November 2017
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Here is an interesting looking ICO - RocketPool - basically they are looking to create the equivalent of a mining pool for the upcoming Ethereum switch from POW to POS (Casper).

haventahybrid

114 posts

80 months

Thursday 23rd November 2017
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Hi all,

Whats the general opinion on the following question.... Considering the current price for Bitcoin not knowing for sure its future, is it too late to invest?

Thanks

M511

103 posts

86 months

Thursday 23rd November 2017
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haventahybrid said:
Hi all,

Whats the general opinion on the following question.... Considering the current price for Bitcoin not knowing for sure its future, is it too late to invest?

Thanks
Depending on which side of the book you're on I don't think its too late to get into XBT; so this is a bit of an open ended question. There doesn't seem to be much correlation on the performance of XBT with world events. Just last week when there was a "(not a)coup" in Zimbabwe, I was able to sell some of my XBT at a position I never thought the market would allow. For reference I sold at $12K.

If you get in at $8K and come out at anywhere around $10K, or if you are on the other side and come out at $6K you will still make 25% return. So it depends if you are bullish or bearish.

anonymous-user

53 months

Thursday 23rd November 2017
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x5x3 said:
Here is an interesting looking ICO - RocketPool - basically they are looking to create the equivalent of a mining pool for the upcoming Ethereum switch from POW to POS (Casper).
Why an ICO for something that could be done for free, this how other stake pools work, again just another way to rinse people

haventahybrid

114 posts

80 months

Thursday 23rd November 2017
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M511 said:
haventahybrid said:
Hi all,

Whats the general opinion on the following question.... Considering the current price for Bitcoin not knowing for sure its future, is it too late to invest?

Thanks
Depending on which side of the book you're on I don't think its too late to get into XBT; so this is a bit of an open ended question. There doesn't seem to be much correlation on the performance of XBT with world events. Just last week when there was a "(not a)coup" in Zimbabwe, I was able to sell some of my XBT at a position I never thought the market would allow. For reference I sold at $12K.

If you get in at $8K and come out at anywhere around $10K, or if you are on the other side and come out at $6K you will still make 25% return. So it depends if you are bullish or bearish.
Fair point well made, I have bought a modest percentage of a bitcoin with the view that it is a bit of fun. However the more and more I read up on it the less clear things become laugh

Also with bitcoin being my introduction into the not so simple world of crypto currency I am becoming more interested in Ripple... The price which I can currently buy in at and the fact it seems to have some leadership which bitcoin seems to be lacking make it appealing.

NB: These are the naive opinions I'm sure of someone who does not know much at all about crypto currency but finds it more appealing than sticking money into an ISA.

Behemoth

2,105 posts

130 months

Thursday 23rd November 2017
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haventahybrid said:
Also with bitcoin being my introduction into the not so simple world of crypto currency I am becoming more interested in Ripple... The price which I can currently buy in at and the fact it seems to have some leadership which bitcoin seems to be lacking make it appealing.

NB: These are the naive opinions I'm sure of someone who does not know much at all about crypto currency but finds it more appealing than sticking money into an ISA.
The fact that Bitcoin has no central authority is at the very heart of its success. Permissionless transfer of value could not happen without it. It's worth finding out why decentralisation is so valuable in cryptocurrency.

Ripple in contrast is highly centralised. As such, it offers the single point of failure that Bitcoin was created to avoid. Moreover, there is no real value to the Ripple token. 100 billion were created. Most are owned by the company and its founders (who include a shady character that originally sold Mt Gox and still carries question marks surrounding the theft/loss of 80,000BTC). Ripple Labs has meanwhile moved on to producing a protocol called Interledger, which is similar to Bitcoin's Lightning Network. The interesting thing with Interledger is that it negates the need for a token.

haventahybrid

114 posts

80 months

Thursday 23rd November 2017
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Behemoth said:
haventahybrid said:
Also with bitcoin being my introduction into the not so simple world of crypto currency I am becoming more interested in Ripple... The price which I can currently buy in at and the fact it seems to have some leadership which bitcoin seems to be lacking make it appealing.

NB: These are the naive opinions I'm sure of someone who does not know much at all about crypto currency but finds it more appealing than sticking money into an ISA.
The fact that Bitcoin has no central authority is at the very heart of its success. Permissionless transfer of value could not happen without it. It's worth finding out why decentralisation is so valuable in cryptocurrency.

Ripple in contrast is highly centralised. As such, it offers the single point of failure that Bitcoin was created to avoid. Moreover, there is no real value to the Ripple token. 100 billion were created. Most are owned by the company and its founders (who include a shady character that originally sold Mt Gox and still carries question marks surrounding the theft/loss of 80,000BTC). Ripple Labs has meanwhile moved on to producing a protocol called Interledger, which is similar to Bitcoin's Lightning Network. The interesting thing with Interledger is that it negates the need for a token.
Thanks for the reply. Completely take your point re the ceiling that BC has where there will never be more than 21million thus avoiding inflation. I suppose I need to read up a lot more on it!

bloomen

6,843 posts

158 months

Thursday 23rd November 2017
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The problem with getting crypto 'advice' is that everyone has their pet coins and pet hates.

I too would regard Ripple as fundamentally worthless, but it doesn't matter what I think. Many others disagree for now.

The for now is the important bit. Don't get married to anything and if the profit you want and planned for is there then take it and run away.

anonymous-user

53 months

Thursday 23rd November 2017
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bloomen said:
The problem with getting crypto 'advice' is that everyone has their pet coins and pet hates.

I too would regard Ripple as fundamentally worthless, but it doesn't matter what I think. Many others disagree for now.

The for now is the important bit. Don't get married to anything and if the profit you want and planned for is there then take it and run away.
I bought ripple and sold after the last jump. The thing is the more banks that use xrp tech doesn't translate to more xrp being actually used, i.e demand increase and ergo price increase, which with the vast majority of other coins is the case..

xrp is a pure speculative coin with a demand and supply manipulated by XRP labs.

At a trouble times, ripple labs won't actually release more coins and have done buy backs to maintain the high price. How can you trust a company that does this with any investment? They decide the price pure and simple buy if you agree with this.

Edited by The Spruce goose on Thursday 23 November 13:20

sgtBerbatov

2,597 posts

80 months

Thursday 23rd November 2017
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Litecoin will break £100 a coin.

anonymous-user

53 months

Thursday 23rd November 2017
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sgtBerbatov said:
Litecoin will break £100 a coin.
I think litecoin has potential, it is on coinbase, seems pretty solid, it just seemed entwined against BTC.

sc0tt

18,032 posts

200 months

Thursday 23rd November 2017
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sgtBerbatov said:
Litecoin will break £100 a coin.
What makes you say that?

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