narco Posted August 11, 2018 Share Posted August 11, 2018 The only thing assured on this chart is $1,350, and there's no guarantee that level will hold. The Bitcoin bull market is over and it's not coming back for many many years. Quote Link to comment Share on other sites More sharing options...
dugsbody Posted August 11, 2018 Share Posted August 11, 2018 23 hours ago, Craig_ said: Bitcoin anarchists bleating as the SEC won't allow them an ETF. You couldn't make it up! Fantastic! Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted August 11, 2018 Share Posted August 11, 2018 (edited) i always said an ETF was totally unrealistic for at least another 10 more years. meanwhile as the whole market falls, bitcoin is retaining more value than alts and its market dominance is now above 50%, eventually it will settle at 80% market dominance. Edited August 11, 2018 by jiltedjen Quote Link to comment Share on other sites More sharing options...
narco Posted August 11, 2018 Share Posted August 11, 2018 7 minutes ago, jiltedjen said: i always said an ETF was totally unrealistic for at least another 10 more years. meanwhile as the whole market falls, bitcoin is retaining more value than alts and its market dominance is now above 50%, eventually it will settle at 80% market dominance. It makes no difference if altcoins drop 99.9% and Bitcoin drops 98%. Everyone has been rekt in the end and that's going to take years to recover from, maybe never. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted August 11, 2018 Share Posted August 11, 2018 those who do well from crypto buy bitcoin when others have given up hope, basically those who buy and hold and believe in the whole project do fine. Bitcoin is a long term high risk investment. At the moment i still dont think its worth buying, waiting until the bottom comes in around summer 2019, i cant see it hitting anywhere near $1,350, but for me the lower the better. The people who do well wait for the bubbles to clear and buy the lows. my BTC up over 1,750% still, im not worried selling 50% of my holdings It will easily pay off my mortgage in 10 years time. Thats not including the stinky free forks i also have. people who bought alt-coins at the mania peak, then say that the market may never recover, well, their opinions needs to be taken with a pinch of salt. Really anyone buying alt-coins opinions needs to be taken with a pinch of salt. There are very few people who are still fine and dandy on this thread, who are calm and relaxed, carrying no losses. Last time i bought was after the 2013 bubble, and i actually did sit at a slight loss for a long period of time (as my average buying price was well above my original £15 entry). But i believe in bitcoin, and how it will change the future quite drastically. The time to buy is when google trends show interest has fallen to about 5% of its peak interest, at which point happy days, we are at 12% of the peak interest at the moment. Its just a waiting game. when i say hold, its not just holding what you have, its also holding off buying for now. Just sit pretty and wait. The younger generation will start to have more and more influence as time moves on, hence why i said another 10 years before an ETF is even considered. Quote Link to comment Share on other sites More sharing options...
longgone Posted August 11, 2018 Share Posted August 11, 2018 all the discussion could of been avoided if you lot sold up in december at $20,000 greed was the downfall Quote Link to comment Share on other sites More sharing options...
JawKnee Posted August 11, 2018 Share Posted August 11, 2018 7 hours ago, dragging boot straps said: Explain? Xrp and the ledger is open source. Ripple are in control of who can become a verifying node. One company deciding that sort of thing makes it centralised. It isn't a permissionless system. Also, XRPs blockchain is now huge. Over 8TB which can take up to 6 months to sync vs Bitcoin's 180GB which you can do in about a day. Quote Link to comment Share on other sites More sharing options...
narco Posted August 11, 2018 Share Posted August 11, 2018 XRP is the biggest ponzi scheme we've ever witnessed. It is designed with one single purpose - to line Ripple corp's pockets and extract money from all who invest in it. Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted August 11, 2018 Share Posted August 11, 2018 23 hours ago, chronyx said: minor typo like a bunch of 12 year olds. Hold On for Dear Life Quote Link to comment Share on other sites More sharing options...
chronyx Posted August 11, 2018 Share Posted August 11, 2018 1 minute ago, Peter Hun said: Hold On for Dear Life Backronym. Originally it is from a drunken reddit or forum post. Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted August 12, 2018 Share Posted August 12, 2018 17 hours ago, JawKnee said: Ripple are in control of who can become a verifying node. One company deciding that sort of thing makes it centralised. It isn't a permissionless system. Also, XRPs blockchain is now huge. Over 8TB which can take up to 6 months to sync vs Bitcoin's 180GB which you can do in about a day. Hi. Thanks for this. I think all of that is pretty nicely explained here: https://ripple.com/dev-blog/decentralization-strategy-update/ As for the size...that only relates to the transaction history. You don't actually need all that to run as a node on the ledger. The 8tb is a look into history not a requirement for present functionality. Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted August 12, 2018 Share Posted August 12, 2018 16 hours ago, narco said: XRP is the biggest ponzi scheme we've ever witnessed. It is designed with one single purpose - to line Ripple corp's pockets and extract money from all who invest in it. You just won fud bingo. Congrats. https://fudbingo.com Quote Link to comment Share on other sites More sharing options...
narco Posted August 12, 2018 Share Posted August 12, 2018 3 hours ago, dragging boot straps said: You just won fud bingo. Congrats. https://fudbingo.com You backed the wrong horse. XLM is faster, better tech, decentralised, better distribution, better development, not a security - ie not a scam coin. You can stick that site up your ****. Quote Link to comment Share on other sites More sharing options...
Traktion Posted August 12, 2018 Share Posted August 12, 2018 On 11/08/2018 at 15:05, narco said: XRP is the biggest ponzi scheme we've ever witnessed. It is designed with one single purpose - to line Ripple corp's pockets and extract money from all who invest in it. Well, I got a pile of XRP for free from posting on some give away threads of forums when it was first live. I sold them for £6k last year. The project never appealed to me, but there seems to be plenty who have faith in it for one reason or another. I'm just happy I made a few grand for about 5 mins of my time and nothing else - not a bad return! Quote Link to comment Share on other sites More sharing options...
guest_northshore Posted August 13, 2018 Share Posted August 13, 2018 (edited) . Edited August 13, 2018 by guest_northshore Quote Link to comment Share on other sites More sharing options...
longgone Posted August 13, 2018 Share Posted August 13, 2018 22 hours ago, Traktion said: Well, I got a pile of XRP for free from posting on some give away threads of forums when it was first live. I sold them for £6k last year. The project never appealed to me, but there seems to be plenty who have faith in it for one reason or another. I'm just happy I made a few grand for about 5 mins of my time and nothing else - not a bad return! ? i got a load of swifts whether they are going to be worth anything is anyone's guess. 0 invested Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted August 13, 2018 Share Posted August 13, 2018 bitcoin just under 53% market dominance and still rising. alts falling far harder than bitcoin Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted August 14, 2018 Share Posted August 14, 2018 55% market dominance and still rising, bitcoins value is in its holders, where alts have just flighty investors after a quick buck, its an absolute alt bloodbath Quote Link to comment Share on other sites More sharing options...
crypto2001 Posted August 15, 2018 Share Posted August 15, 2018 Agree, alts are alot more volatile than btc, just the way they give bigger returns than btc they drop bigger than btc too. Imo best to be in btc during bear market and in alts during a bull market. That way u minimise loss when market is dumping and increase roi when market is pumping. Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted August 15, 2018 Share Posted August 15, 2018 time in the market beats timing the market hands down. Bitcoin is a long term high risk investment, alts are a very short term bet/gamble. the key now is figuring out where the low will fall for bitcoin, we will have 12 months of flat/falling market before people start to pick up cheap bitcoin before the halving. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted August 16, 2018 Share Posted August 16, 2018 On 12/08/2018 at 20:33, Traktion said: Well, I got a pile of XRP for free from posting on some give away threads of forums when it was first live. I sold them for £6k last year. The project never appealed to me, but there seems to be plenty who have faith in it for one reason or another. I'm just happy I made a few grand for about 5 mins of my time and nothing else - not a bad return! The XRP community is huge. Right now and in the short to mid term the price is a bit suppressed due to releases from escrow. That said more XRP native exchanges are appearing and the FSI sector is using it. i’ve got a reasonable stash of XRP which originally cost me $56 (well actually I had $56 of BTC that turned into $2k) and XRP took it to $16k. That said, my recent killing has been with Bitcoin Incognito though half the gains there are from Masternode rewards. But the price is nearer to 10cents now from a low of $0.018. Quote Link to comment Share on other sites More sharing options...
Lovely Rum Posted August 16, 2018 Share Posted August 16, 2018 19 hours ago, jiltedjen said: time in the market beats timing the market hands down. Bitcoin is a long term high risk investment, alts are a very short term bet/gamble. the key now is figuring out where the low will fall for bitcoin, we will have 12 months of flat/falling market before people start to pick up cheap bitcoin before the halving. my strategy is to wait for a change of trend on the weekly chart (alt/btc) on alts with strong fundamentals before going back in Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted August 16, 2018 Share Posted August 16, 2018 On 12/08/2018 at 20:33, Traktion said: Well, I got a pile of XRP for free I'd call that fair value. I this has potential ... https://www.myblockchain.xyz/ Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted August 16, 2018 Share Posted August 16, 2018 On 12/08/2018 at 08:02, dragging boot straps said: You just won fud bingo. Congrats. https://fudbingo.com I though you ******ed off to start a separate thead on XRP - what are you doing back here ? Quote Link to comment Share on other sites More sharing options...
dragging boot straps Posted August 16, 2018 Share Posted August 16, 2018 15 minutes ago, goldbug9999 said: I though you ******ed off to start a separate thead on XRP - what are you doing back here ? Why are you so rude? Only trying to foster good debate. Anyway massive announcements from Ripple regarding XRP today. Let's see if it can turn around the market for all crypto. Quote Link to comment Share on other sites More sharing options...
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