“Dude, something called Verge on coinmarketcap is only $0.074353… If I sell my $500 in bitcoin and buy that I’ll be worth $121 million when Verge is hits $17k like bitcoin in a few months! It’s foolproof!”
This is the kind of shit I’m hearing from people at work now that they found out I’m playing around in crypto. If that’s not an indicator of a bubble I don’t know what is. That and my other coworker who wanted to know how to move his 401k investments into crypto. :HolyFuckingBadIdea:
Everyone pulling out to buy last min Christmas gifts. I’ll still hold for another year and see what happens. Same here @Onyx_Z32. Also if Litecoin dips under 150 this weekend and ripple under .60 I’m in!
the holiday crypto discounts are almost here! “Its a bubble its a bubble”.
A .60 Ripple does not look too promising. The Asian market not letting it happen
i’m surprised nobody here as done this. https://coinatmradar.com/blog/how-to-start-a-bitcoin-atm-business/
I would if i had the capital and business location.
Looks like pricing is bouncing back.
I got my xmas bonus yesterday and I was SOOOO close to dumping the whole thing into LTC when it hit $180 this morning. Opportunity lost.
I’m hoping TRX hits .01 or less. Make it easier for my goal of at least 500k position.
IOTA stuff…
Dafuq is up with coinmarketcap showing xrp at $1.17 and binance giving me $1.03. It’s consistently had that kind of gap.
2 things.
Coinmarketcap shows the average across all the exchanges so the prices on Binance can be different that way from other exchanges, and potentially sometimes offer arbitrage opportunities except it would only work through a 3 currency exchange, possibly too slow. (the time it takes to transfer BTC for example.) I have notice usually everything on Binance is “cheaper” than GDAX for example.
Binance is XRP/BTC trading pair as the main, so the price of XRP is measured relative to the price of BTC on Binance. BTC on Binance is mainly traded in in USDT(Tether) which usually hovers around $1.01-$1.03 not $1.00. So currently on Binance you can buy BTC at $13,550, but in actual US dollars it’s $13956.50 because tether is at $1.03. (13550x1.03) , and GDAX is at $14,270. Seemingly you could take advantage of it , buy low on Binance and sell high on GDAX if you had a way to buy Tether, transfer to Binance and go from there.
What I usually do is go in my Funds—> Deposits & Withdrawals tab, there it shows how much of each crypto you own and what the current BTC value is. You copy the BTC value and multiply by the current rate on GDAX of BTC and that is your most accurate “Real” price. Currently the most realistic scenario for cashing XRP out would be that you sell it in BTC, transfer that to Coinbase\GDAX, and sell it and put it in your bank account. In the future if Ripple is added to Coinbase, then you could send Ripple directly sell that way but as it stands this is the way if somebody wanted to.
Also remember, this exchange is based in Asia, even though the largest single group is the USA, still with crypto it’s 24/7 and it is possible the time difference also has an effect on the prices–> when people are trading most on Binance and when on GDAX. Statistically speaking though, the biggest traders of crypto are Japanese men 30-49 lol
Another funny thing I noticed while trading TRX’s, when you trade large enough quantities you can sometimes actually see either a momentary change in price, or see it start going up or down immediately especially at resistance points. It’s happened enough to make me believe that it shows how young the market is and how much potential it has for growth. Coinbase itself refers to it as Stock Market 2.0 . On the other hand, makes you wonder of the whales out there, if I can see even for a brief moment, what effect my trading can do, what about those that can dump millions of them?
I really lol’d at that one!! It captures the feeling perfectly
What do you guys think of Tron (TRX)? Rumors that an Alibaba announcement is coming. Just transferred some of my LTC profits to take a risk on this one. Someone needs to take away my Binance password.
any links to some use-case commentary?
Ive been on TRX for a while. The rumors have been around for a while.
I think it will do well because it is targeting digital media (art, videos, games etc) which includes online gambling as well.
It’s all going one way
The head of Sberbank believes that the wider-scale implementation of blockchain in Russia could take as long as a decade.
As quoted by state-owned news service TASS, Herman Gref, Sberbank’s chairman of the board, indicated on Thursday that the institution could roll out products based on the tech as early as next year.
But the wider adoption of blockchain could take much longer than that, according to the Sberbank chief.
Gref was quoted as saying:
“If we talk about Russia, we have the largest number of implemented projects concerning blockchain. Although, they are all in the experimental mode. We are experimenting a lot. Maybe in 2018 we will be able to introduce some products on a large scale. The blockchain technology is one of our tricks. I estimate the implementation horizon of the technology in 8 [to] 10 years.”
In the interview, Gref specifically noted that commercial use of the ethereum blockchain could begin playing out of the next year or two. Sberbank became a member of the Enterprise Ethereum Alliance [back in October](https://www.coindesk.com/russias-largest-bank-joins-enterprise-ethereum-alliance/), as previously reported by CoinDesk.“The technology is not yet ready for commercial implementation, it will take another year, maybe a year and a half or two, so that we can start using it,” he remarked.
Gref has predicted a longer timeline for blockchain adoption in the past, as previously reported.
Earlier this year, Gref statedthat the use of blockchain by banks could be just “two to two-and-a-half years away.” At the time, he noted that Sberbank is working on its own blockchain applications.
source: Coindesk
Looks like there will be a Bitcoin fork on the 28th might want to read the previous rules about forks on Coinbase/Gdax if you’re holding there
where is that quote from?
https://www.coindesk.com/sberbank-chairman-blockchain-adoption-take-10-years/
https://www.coindesk.com/sberbank-chairman-blockchain-adoption-take-10-years/
This is also interesting from the country I was born in
government of Belarus has passed new statutes aimed in part at encouraging the development of companies around cryptocurrency and blockchain.
According to the state-owned media agency BelTA, on Dec. 22 Belarus President Alexander Lukashenko signed a digital economy development decree that legally enshrines the use of emerging technologies like blockchain, while also offering significant tax incentives in a bid to attract business activity.
The decree, as summarized by a local IT firm that advocated for the legislation, boosts development of the country’s High-Tech Park, a special economic zone the government wants to serve as a hub for tech and financial startups.
One component of the law provides a legal basis for companies working on smart contract development, token issuance, cryptocurrency trading and mining – all of which would be exempt from income taxes for the next five years.
The law states:
“Turnovers, profits (income, proceeds) from various operations with tokens are not recognized as taxable items until January 2023.”
As reported in July, the country’s central bank had already been considering avenues for domestic banks to incorporate blockchain as part of a transaction guarantee system.
In another report published today, central bank chief Pavel Kallaur noted the push for the High-Tech Park to serve as a place for cryptocurrency businesses to set up shop.
“As for cryptocurrencies, the Digital Economy Development Ordinance allows resident companies of the Hi-Tech Park to use cryptocurrencies for international deals. We are okay with that,” he told BelTA.
Same source, coindesk.
Jesus I wish we didn’t have to pay taxes, that’d be glorious. Unless some freak awesome miracle occurs that causes me to cash out, I’m HODLing at least one year for tax reasons.
Also as a test over the weekend I transferred 1$ from coinbase to my checking and am happy to say it worked.
EDIT: These are coins I’m considering for the future -
Dent - Goal is to eliminate all roaming data charges from around the globe.
Civic - Competitor to lifeloc using blockchain. They actually have a FREE identity monitoring service and they’re basic package starts at 2.95 a month compared to 15+. I’ve also used lifeloc and compared to MyFicoScore it’s horrible and catches nothing. Though would you be comfortable giving all this info to a new upcoming company?
IOTA - The tangle, quantum proof, etc.
Salt - least interested but still some interest. They use your crypto as collateral and give you a loan. As much as I think this is a money maker I think a lot of people will use it in a gambling sense, which is no bueno.
Steem - I like this platform, you get paid for your opinion and can post videos etc.
Some type of privacy coin - I can’t imagine this will stay legal but how would you stop them? Verge, Monero, Zcash, etc.
The problem with a lot of these coins is you have to generate paper wallets. IOTA just released a new wallet, I’m going to research it. Dent is releasing an app tomorrow to buy/sell.
I’m going to borrow gains from my Ethereum to invest a couple G’s into these if I can get comfortable enough with a wallet.
Current Portfolio - Bitcoin, Ethereum, Ripple and SOLD my potcoin, I already have Mary Jane investments.
Right now Ether has been outperforming all major players (except Ripple). I’ve taken 1 ETH worth of funds to buy IOTA. I downloaded the wallet and it seems to work well! Much more improved over last buggy version. But let’s see how long it takes to attach to the tangle.
Due to binance suspending IOTA withdrawals still can’t test the damn wallet.
Just added Litecoin to my portfolio, dispersing more ether.
Tested IOTA light wallet, from binance and back. Works well! Sometimes the wallet doesn’t load to the password screen, I solved this by changing the node I was attached to.