Sold BTC at 198XX this morning picked it back up at 1947XX :tspry:
-
-
- Updated - - -
-
If anyone gets their shit together
I bought litecoin at $300, shes at $323⌠hopefully it skyrockets.
Everyone late to the party. Been buying and holding Litecoin since $50.
A week and a half ago I bought it for $100 lol wish I didnât sell it then.
Aside from bittrex and poloniex, where else can I buy ripple and the others. I got banned from poloniex for failed validation attempts.
Ripple I buy from bitstamp.
Comon world holiday shoppers! Sell your crypto and go buy junk, come back tax return season!
On a serious note, for the time being most of the action like Ripple going up is coming from Asia. Japan has had a version of digital currency for almost 2 decades now if not longer, their adoption of crypto is much better because people are used to it. For the time being
man, so looking up various currencies i happened upon the use case for Cardano⌠https://whycardano.com/#sojourns-end
reading it is humbling, inspirational and confusing all at the same time.
Willybeen is back lol
^ADA coin for those wondering.
okay boys, been doing some good reading on this tonight. for people calling this a bubble:
break it down to itâs parts - - Technology is Blockchain and the product is Bitcoin (and all the Altcoins as well). In such comparison, Blockchain would be like The Internet. The key Blockchain product is Bitcoin, so letâs equate that to an early Google â a product that utilized and leveraged the benefits of this new technology. The Dot-Com bubble burst because valuations went sky-high for companies that werenât worth anything (similar to a lot of the Altcoins out there), but the over-valued companies crashed (The pets dot com, boo dot com, etoys, webvan, etcâŚ) â the Technology (Internet, or in the comparative, Blockchain) remained.
and an interesting tidbit:
If youâre âinvestingâ in order to make money on the eventual sell-off to USD, well, youâre going to get hit with taxes on the gains.
If you never sell, and just use it for what it was intended, as a currency itself, youâll never have to pay that 15-20% to Uncle Sam.
^+3 People calling this a bubble obviously arenât looking at the big picture. When they are asking the opinions of random people like President Obama as to what he feels about Bitcoin, you know you are right where you should be. Isnât it funny how itâs always âBitcoinâ completely ignoring the fact that there are so many more out there, some a next generation of it? Last I checked, when MySpace went down the tube, Social media did not cease to exist, it exploded.
After researching a whole bunch of them, you get a feel for what is good and what seems to be a knockoff just to make money. Solid team behind it, acceptance etc. = good things. ADA, Ripple, IOTA, TRX, Power Ledger for instance all based on blockchain tech but with different purposes in mind, all with solid teams behind them, and something like Ripple already being tested by banks in Japan.
The Japan Bank Consortium launched a Ripple pilot with two large Korean banks - the first time money moves from Japan to Korea over RippleNet.
I still struggle with the basic thought that this currency will be used to de-centralize money, make you the bank. No need to trust 3rd parties with your money or rely on them. But currently we are limited in how we can aquire this currency by the 3rd parties who run the trading sites. Also how is this a more efficient use of money when there seem to be an endless number of cryptocurrencies coming up.
Do we expect there to be 10-20 that really stick around and hold their value, eventually overshadowing any other smaller currencies? How can all of these currencies work together in the marketplace? Buying and selling as an âinvestmentâ is fine, but I feel like as the idea progresses the everyday usefulness of the money will grow thus stabilizing the value more. Will that be the only way these smaller cryptos will be phased out?
Looking at this from a global perspective, all of them could exist at the same time as long as there is a community for them. If enough people use a particular one, it has value. Look at Coinmarketcap, some of them have a market cap of $100-200million and have significant value. On a global scale, $200 million is nothing.
There will most likely be some top ones that have the most support and use. Iâm leaning towards ADA, Ripple or IOTA or something similar. For example at 500 billion market cap , each of those would be much more stable than Bitcoin or Litecoin etc. For every billion of in and outflow of capital. More stable as the market cap goes up.
Edit: you see everywhere that Bitcoin and crypto is not ârealâ and pure speculative. What makes the US dollar real? Or any other currency? Looking back to Germany when people would burn it for heat.
A bunch of those are not doing anything theyâre just recycling other ideas. Iâm guessing a lot are trying to pump up some bs coin get paid and get out similar to tech companies getting outside funding for junk tech getting paid and not caring what happens.
amyone else try signing up for bitstamp and been waiting for account verification? Any other easier way to buy ripple?
Took 3 days for me.
thanks, today is day three for me.
Lol like Dogecoin? Was created as a joke. Or looking at WAVE now
No like the vast majority of theseâŚ