MrGuvernment
Fully [H]
- Joined
- Aug 3, 2004
- Messages
- 21,573
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Usual 40% or so correction, it has happened every single time in the past BTC had a big run up, then had from a 37-43% correction shortly after. Some have been saying as low as $25k if it breaks $30k which it is fighting for its life right now and on and off last few hours
Eth apears to have some pretty strong resistance at 1k. I'm definitely holding the eth positions and would say they are almost looking abit better the btc when crypto is stagnatingWorried we see sub 25k prices pretty soon. I scaled out of my ETH position for now.
Eth apears to have some pretty strong resistance at 1k. I'm definitely holding the eth positions and would say they are almost looking abit better the btc when crypto is stagnating
I'm in pretty low this time around. (Last time around I was in it for the price of electricity)I've been told that ETH could go to $20k by the end of the year because of it's link with defi, BTC would have to go The Dickining level to do that well. I bought some in the 400's and some in the 700's, almost picked up more at 1000 but I'm not THAT confident.
I'm in pretty low this time around. (Last time around I was in it for the price of electricity)
20k is too ambicious if it stays coupled with btc and there is way too much money in crypto that would cash out before btc did anything astronomical. However it has a active dev team so I feel it could definitely gain some ground on btc if crypto stays near current price levels without any monumental changes.
One of the few youtube crypto guys that I listen to
Ripple is trash
Poloniex is trash. Stole some crypto from meKraken, Binance, Poloniex
Im really not trying to go on a large rant for the validity of a cryptocurrency when so many of them are pointless money grabs or experiments that bring nothing new but marketing.Please provide some facts as to why please? versus useless one liners that do nothing to help anyone.
Posts that didn't age well....Worried we see sub 25k prices pretty soon. I scaled out of my ETH position for now.
1) Retail is largely missing this go around... the demand is largely institutional
2) The selling of shovels analogy is a bit problematic here... BTC is mined by specialized hardware (ASICs) that are manufacturered by a few people are heavily backlogged. Further, GPU mining is back to being very profitable and there is a card shortage.
You buy XRP because you want to potentially make money with a coin that is more likely to be accepted by the banks and other stinking rich companiesIm really not trying to go on a large rant for the validity of a cryptocurrency when so many of them are pointless money grabs or experiments that bring nothing new but marketing.
the main issues I have with ripple are the huge amount owned by the dev team that they have used in the past to try to manipulate the currency into different banking systems as well as it being nothing of decent complexity. so why buy it as instead of ltc, btc, doge, or any other of the simple cryptos? Ripple to me seams like a dev team trying to prop up a bs crypto using marketing and market manipulation to bring value to their own stake of the chain.
for comparison take a look at the whitepapers between ETH and XRP.
https://whitepaper.io/document/1/ripple-whitepaper
https://whitepaper.io/document/5/ethereum-whitepaper
bitcoin is more likely to get accepted by banks and companies in the us then xrp is. The only reason xrp got the traction it did was them trying to hand out free money to anything that would promote them.You buy XRP because you want to potentially make money with a coin that is more likely to be accepted by the banks and other stinking rich companiesXRP is massive in Asia an only growing. Yes, the company owning so many sucks but they have also been releasing them via escrow for a while now in a stead flow.
Ripple / RippleNet/ XRP is already in use with actual companies, unlike 99% of the other poop coins that are just rehashes of the same thing, much like the Linux OS world, everyone thinks they can do it better than the last but offer nothing really.
bitcoin is more likely to get accepted by banks and companies in the us then xrp is. The only reason xrp got the traction it did was them trying to hand out free money to anything that would promote them.
eth,btc,monero,zcash,ltc are all doing better then xrp is so if your only goal is to buy somthing to make money off of there are better options.
eth is used in real world companies in a much more healthy manner.
xrp is a shitcoin and your only going to beat btc or other crpytos if you buy in at the right time when they pull another pump and dump to try to cash in abit more of the free bs thats been handed around.
Bitcoin is not a utility coin like XRP, bitcoin is not to be used to replace swift for example or be a method to quickly move mass amounts of transactions around, they are for 2 completely different markets. BTC will be used to store value, like Gold and many say replacing gold. XRP is long term (as is BTC), you don't hold top 10 in the market by being a "shitcoin".
Bitcoin is not a utility coin like XRP, bitcoin is not to be used to replace swift for example or be a method to quickly move mass amounts of transactions around, they are for 2 completely different markets. BTC will be used to store value, like Gold and many say replacing gold. XRP is long term (as is BTC), you don't hold top 10 in the market by being a "shitcoin".
Is that true, i.e. if you have $5000 (either cash or in a bank account), buying bitcoins, transferring bitcoins to that friend and that friend transferring it back to currency would be a total of only $2 in fees ?Need to send $5k to a friend in a foreign country? I can get it there in an hour or so with $2 in fees and be assured it won't get held up by his bank or anything.
Is that true, i.e. if you have $5000 (either cash or in a bank account), buying bitcoins, transferring bitcoins to that friend and that friend transferring it back to currency would be a total of only $2 in fees ?
That would be low indeed.
I imagine those cost we see (that would not be all the cost of what you would want to do):
https://ycharts.com/indicators/bitcoin_average_transaction_fee
Are if you want it to be a fast transaction ?
that seem more than the 350% of the $2 just for one the 3 needed step too no ?Yeah, it's really not bad at all.
https://bitcoiner.live/
reading this makes me almost cry lolI have been advising people to buy Bitcoin since it was at $4500.
It broke $10,000 today, seems like some pretty good advice to me.
Still a lot of room growth.
TBF, hindsight is 20/20. Imagine how many stocks you could jump into with a time machine....reading this makes me almost cry lol
If it went back to $5, doubt anyone would put further trust in the coin and the many mining farms would fold up. Hey maybe GPU mining of BTC will become big again. Traditionally around 80% drop when it really falls, so .2 X $60,000 = around $12,000. Long time holders/players/investors this is no big thing, newcomers on the other hand not so good. Now back in 2017 BTC had a drop, pretty significant and then later in the year it hit it all time high of around $20,000. Afterwards drifted to low $3000. This time around is more interesting since you actually do have firms investment, if they start to dump, some major fireworks maybe will be seen. Many would be ruined so to speak, regulation I would think would be pushed much harder.i wish it'd go back to 5k each
or 500....or even 5....
Clearly many in this thread have never used lightning...