***All Things Cryptocurrency***

[ekgbeat]

I'm glad that BTC has went down. It gave me a chance to buy more at a discount. Does anyone believe that the lighting network will lower BTC fees? It seems like the process of setting up trusted pairings between two parties will not work too well. Especially if you have to basically escrow your coins.

 

[ekgbeat]

Not trying to spook anyone, but just wondering what forms regulation will take in the future, especially if enough money flows into crypto to put a dent in other assets like stocks, or if it threatens brick and mortar banks etc.

Banks are in the Crypto game, some invested in XRP including Google. With the CBOE and CME BTC futures now the banks can play. If you are only talking US regs, then I think that is proof that they will not reg BTC itself, but they will reg the derivatives around the crypto markets. I think there is a lot of FUD are round crypto; I just see it as a great buying opportunity every time

 

[moots]

Just saw this and thought it was pretty funny/sad:

 

[Acesinthebig]

That sounds crazy, I hope someone who knows can join in and tell us

 

[dj11]

This thread will end up there, but you might find some ideas ;

https://www.cardschat.com/forum/community-hangout-4/all-things-cryptocurrency-346783/#post4054447

and yes, the fees will kill bitcoin. Without utility, they are not useful, and the fees make what utility they had, too expensive to actually use.

 

[canabero]

avoid to use coinbase, they have some negative feedback, is better to use xapo or blockchain.

 

[rifflemao]

Banks are in the Crypto game, some invested in XRP including Google. With the CBOE and CME BTC futures now the banks can play. If you are only talking US regs, then I think that is proof that they will not reg BTC itself, but they will reg the derivatives around the crypto markets. I think there is a lot of FUD are round crypto; I just see it as a great buying opportunity every time

Speaking of Ripple, here's an article I wish I had read on Dec. 1 when it was trading at around .20. I managed to snag some for .25 but it got more expensive (if you can call it that) soon after. Now trading at $1.35 on Binance, for at least the next 30 seconds lol.


https://oracletimes.com/5-reasons-to-buy-ripple-xrp-before-2018/


Hope it gets listed on Coinbase, as rumored.

 

[OzExorcist]

any currency is tied to the gold reserve of the country that issued this currency...

That's not actually the case though: basically all global currencies are "fiat" currencies. That's been the case since Nixon decoupled the US dollar from the gold standard in 1971. They're not backed by gold and haven't been for over 40 years.


As for OP's question and Bitcoin, I think for the time being at least you're much better off thinking about it as gambling as opposed to "investing"...

 

[Andrei Nesterenko1]

I do not agree with you, it's the law of economics and the right to print currency signs, and the souvenirs about the fact that the American currency is not confirmed by gold have long been known, thanks to Nixon

 

[nitulbhatia]

Some time back i wrote here that we invested a reasonable amount in Ripple, Ethereum and litecoin. Ripple has gone up by 6 times from my initial buy price, ethereum is up about 5% and litecoin is down 12%. Overall we are making good money but we are going to hold.

 

[rifflemao]

Well, congrats XRP hodlers. Looks like it's going to be a big year for Ripple and many altcoins. I'm wondering if anyone thinks Stellar Lumens (XLM) might be a decent value play relative to XRP. Any thoughts?

https://galactictalk.org/d/242-difference-between-ripple-and-stellar
I have some of both, but mostly XRP between the two. One thing that concerns me about XLM is that Stellar is a non-profit. I mean the cause is great, but I don't see them making the move that XRP did of locking up a large percentage of the coins to satisfy investors about supply and price, if that was the main reason.


Or...if XRP's addition to Coinbase is a foregone conclusion now, could it still be a value play, looking deep into 2018?

 

[ekgbeat]

Well, congrats XRP hodlers. Looks like it's going to be a big year for Ripple and many altcoins. I'm wondering if anyone thinks Stellar Lumens (XLM) might be a decent value play relative to XRP. Any thoughts

There are a lot of parallels between Lumens and Ripple. The creator of Ripple left to start Lumens, and they are trying to accomplish the same things. I believe Lumens would be a buy to hedge against Ripple in the long term. Unless you think Ripple is the clear winner in the space. I think IBM is supporting Lumens as well.

 

[rifflemao]

There are a lot of parallels between Lumens and Ripple. The creator of Ripple left to start Lumens, and they are trying to accomplish the same things. I believe Lumens would be a buy to hedge against Ripple in the long term. Unless you think Ripple is the clear winner in the space. I think IBM is supporting Lumens as well.

I like them both because they seem to be targeting different parts of the market. Managed to time a buy into Lumens before the recent spike, and I'm about 60/40 XRP/XLM. I could easily see Ripple doubling or tripling if it hits Coinbase, but hard to buy at current prices.


Not sure why this thread is in the deposits forum, as I think this topic was meant to be broader than that, but at least it has a place somewhere. Hopefully it gets its own forum as interest increases.


-


I read up on ICONOMI, and I think the Digital Asset Array concept is a decent way for people to get into cryptos who don't have time to pick their own horses in the race:


https://www.iconomi.net/dashboard/#/


Seems like these Digital Asset Arrays are similar to actively managed ETFs. They do have yearly fees, and an exit fee, but it's an interesting and familiar concept.


You can also just use their portfolios as a guide to building your own. I think most of their portfolios are missing some recent big winners, like ADA and Ripple, but they may have reasons for that depending on the goals for the DAA. Worth a look.

 

[ekgbeat]

I'm about 60/40 XRP/XLM. I could easily see Ripple doubling or tripling if it hits Coinbase, but hard to buy at current prices.

That seems like a good mix. I like the ETF approach for picking a good mix of coins.

Not sure why this thread is in the deposits forum, as I think this topic was meant to be broader than that, but at least it has a place somewhere. Hopefully it gets its own forum as interest increases.

At the time, the main crypto conversations were around using it to deposit and withdraw from poker sites. I thought it would get the most traction from people looking into that. The other place would be the Player's Lounge for general topics. A mod can move this if they think it would be better suited there. Thanks for all of your contributions to the thread

 

[Aparajit]

Great to see a lot of crypto enthusists

 

[BelgoSuisse]

https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true

Summary:

Tether's surging supply is the major driver behind Bitcoin's explosive appreciation.

Tether Limited is likely issuing bogus Tethers, which is equivalent to 1 USD, which can then be used to buy Bitcoin.

Confidence in Tether Limited and active arbitrage between Tether/Bitcoin/USD allows Bitcoin to go in one way only.

The scheme will unravel if confidence in Tether Limited evaporates, or if Bitcoin rises to a point such that there is a sudden wave of selling pressure such that there can be no liquidity to complete the arbitrage.

Despite numerous indications of fraud, Tether's peg to the dollar is holding. Which begs the question, if enough people believe a lie, does it become the truth?

 

[ekgbeat]

I'm not sure how tether is driving BTC appreciation. BTC was created before tether. Also look at the tether volume compared to BTC. There is no way that the tail is wagging the dog.

 

[Edison A]

Money

Hi, I personally do not inviertiria a dollar in cryptocurrency, I do not trust climbing coins price so precipitously only rumors, I who know the cryptocurrency has no support from any bank in the world, someday this boom cryptocurrency of going to end when cominencen agencies like the FBI to investigate, the cryptocurrency is the currency of payment in the deep web where you buy drugs and pornography banned and weapons

 

[rifflemao]

Hi, I personally do not inviertiria a dollar in cryptocurrency, I do not trust climbing coins price so precipitously only rumors, I who know the cryptocurrency has no support from any bank in the world, someday this boom cryptocurrency of going to end when cominencen agencies like the FBI to investigate, the cryptocurrency is the currency of payment in the deep web where you buy drugs and pornography banned and weapons

Gambling on currently the highest returning asset class is not for everyone.

 

[rifflemao]

So, not a foregone conclusion about Ripple and Coinbase:

https://www.bloomberg.com/news/arti...ter-coinbase-says-not-adding-new-crypto-coins


But XRP is still way up.


Have a little in ARN and it rocketed today. POE, QSP, TRX have been crazy. I don't have a 1000% gainer yet but ADA is the closest.

 

[Aparajit]

So, not a foregone conclusion about Ripple and Coinbase:

https://www.bloomberg.com/news/arti...ter-coinbase-says-not-adding-new-crypto-coins


But XRP is still way up.


Have a little in ARN and it rocketed today. POE, QSP, TRX have been crazy. I don't have a 1000% gainer yet but ADA is the closest.

How much ADA you have?

 

[rifflemao]

QUOTE=Aparajit;4073163]How much ADA you have?[/QUOTE]

Prefer not to disclose, but not a life-changing (job-quitting) amount at the current price, although a sensible person would cash out and be happy. TRX could make a big difference if it keeps up the pace. Grabbed a lot of that for between .03 and .04, but I think the project is mostly hype at this point.


The one coin I have that really hasn't returned much his IOTA, and that's because I bought the fomo and it hasn't gotten investor love like the others.

 

[rifflemao]

Guys, if you haven't run across it yet, keep an eye on Hashgraph, a concensus algorithm developed by a company called Swirlds. They don't have a public ledger or a cryptocurrency yet, but the tech sounds very promising, and there is growing interest.


Info here:


www.swirlds.com

 

[Aparajit]

QUOTE=Aparajit;4073163]How much ADA you have?

Prefer not to disclose, but not a life-changing (job-quitting) amount at the current price, although a sensible person would cash out and be happy. TRX could make a big difference if it keeps up the pace. Grabbed a lot of that for between .03 and .04, but I think the project is mostly hype at this point.


The one coin I have that really hasn't returned much his IOTA, and that's because I bought the fomo and it hasn't gotten investor love like the others.[/QUOTE]

Oh my Ada doubled. TRX I didnt buy much just got around $50 now it increased 5 times. I should have invested more in it.


I got IOTA for 200 usd bought at all time high thinkin its like bitcoin. But it dropped 35%. So just holding it as you.


Im really hopin cardano will increase 10x in future

 

[rifflemao]

Oh my Ada doubled. TRX I didnt buy much just got around $50 now it increased 5 times. I should have invested more in it.


I got IOTA for 200 usd bought at all time high thinkin its like bitcoin. But it dropped 35%. So just holding it as you.


Im really hopin cardano will increase 10x in future

Me too! I'm going to start scouting out ICOs to try and get in earlier on some of these, if there are any left that aren't blocked to US investors.