Ks45672 Posted October 8, 2018 Share Posted October 8, 2018 On 10/6/2018 at 12:29 PM, Happy Grumpy said: And you cold have sold the lot at almost $4 each. Ouch ouch ouch ouch ouch Whose to say i won't sell it for $8 in 2020 or 2025? 1 Link to comment Share on other sites More sharing options...
seancbk Posted October 8, 2018 Share Posted October 8, 2018 On 10/7/2018 at 6:14 AM, Scottjouro said: And this is point, we have people who see the possibilites in crypto, but like a lot of things in life, its going to take time And then we have the "children" who claim to be investors who risk their $100 "pocket money" in crypto and then start complaining that they are not mult millioniaires 24 hours later Like the 80/90s with the dawn of the internet, everyone will jump on the bandwagon but very few will survive and even fewer will be the top dogs in crypto, although BTC was the first, one suspects it will not be the last...think Napster, AOL etc where are they now ? And we have the guys who are over 65, don't really understand or trust technology and don't have 20+ years to wait to see if their crypto becomes worth a lot. We also have a lot of people who still think in terms of buying crypto and hope to one day sell it for a profit. Those of us who are pro crypto are buying and mining, then holding in anticipation of one day using crypto to purchase things. If I have to sell my crypto for fiat then crypto will have failed. 1 Link to comment Share on other sites More sharing options...
Naam Posted October 8, 2018 Share Posted October 8, 2018 23 hours ago, how241 said: On 10/7/2018 at 6:13 AM, Naam said: yawnnnn... Interesting comment. Are you trying to say something ? you still have to learn that a yawn speaks volumes? 1 Link to comment Share on other sites More sharing options...
how241 Posted October 8, 2018 Share Posted October 8, 2018 46 minutes ago, Naam said: you still have to learn that a yawn speaks volumes? Yes, I guess you found my comments boring but why ?? I clearly showed that 'timing' is everything. Even a few weeks ago, you could buy Ripple at 8-9 baht and it quickly rose to 23-24 baht...Now it sits around 15-16 baht -- still almost a 100% rise in less then 1 month....Of course, you could cherry pick a time frame when Ripple and all coins have lost money. Still bored ? Link to comment Share on other sites More sharing options...
Naam Posted October 8, 2018 Share Posted October 8, 2018 3 hours ago, how241 said: Yes, I guess you found my comments boring but why ?? I clearly showed that 'timing' is everything. because anybody who has bothered to gather information about investing had that "timing" term rammed down his/her throat. even for those who consider to become investors it's like being told "psst... listen... did you know that timing is everything?" Link to comment Share on other sites More sharing options...
Naam Posted October 8, 2018 Share Posted October 8, 2018 6 hours ago, seancbk said: And we have the guys who are over 65, don't really understand or trust technology and don't have 20+ years to wait to see if their crypto becomes worth a lot. We also have a lot of people who still think in terms of buying crypto and hope to one day sell it for a profit. Those of us who are pro crypto are buying and mining, then holding in anticipation of one day using crypto to purchase things. If I have to sell my crypto for fiat then crypto will have failed. fair enough! Link to comment Share on other sites More sharing options...
Scottjouro Posted October 8, 2018 Share Posted October 8, 2018 6 hours ago, seancbk said: And we have the guys who are over 65, don't really understand or trust technology and don't have 20+ years to wait to see if their crypto becomes worth a lot. We also have a lot of people who still think in terms of buying crypto and hope to one day sell it for a profit. Those of us who are pro crypto are buying and mining, then holding in anticipation of one day using crypto to purchase things. If I have to sell my crypto for fiat then crypto will have failed. Fact is Bitcoin is not going to find a proper real use case, its too slow and costly, and the power it sucks could power multiple developing countries, further Bitcoin is becoming a monopoly, with over 50% of miners owned by 4 Chinese companies...and before you say it the "lightening network" for BTC its a band aid in a poor attempt to speed up BTC For crypto to have real world use, its usage needs to be cheap and fast to purchase things, the very things BTC is not, people want instant gratification and feed back...not have to wait upto 45 minutes for a Bitcoin transaction Now i am no Crypto zealot, but i am interested in the possible investment potentionals of crypto as i do believe it will go mainstream in next few yeard, as with any investment one needs to do their due dilligence and in my case XRP came out on top for following reasons 1. Fast - 3 to 4 second settlement 2. Very low or near zero fees 3. Ripple, the company utilising XRP in some of its software, is a real company with real business people who have a definite vision of "Macro money transfer" 4. Ripple/XRP is actually being used in real world use, and more and more are signing up to RippleNet 5. Innovation - Coil project founded by Ripples Ex CTO - micropayments using XRP - think no more annoying adverts on the internet, you only pay for content you use paid for by an XRP payment in 3seconds 6 Xpring, Ripple supporting people who have projects which utilise XRP 7. Ripple with working with the likes of the IMF, SEC, Swift (rumoured) major banks and sitting on numerous crypto techinical advisory committees So all things considered IMHO Ripple/XRP has a very bright future and hopefully with mass adoption, and volume usage will make some nice profits for the " early investors" 2 Link to comment Share on other sites More sharing options...
how241 Posted October 8, 2018 Share Posted October 8, 2018 3 hours ago, Naam said: because anybody who has bothered to gather information about investing had that "timing" term rammed down his/her throat. even for those who consider to become investors it's like being told "psst... listen... did you know that timing is everything?" Timing = Luck...Investor = gambler ...All markets are manipulated...IMHO..Good luck/timing to all that enter the financial casino. Link to comment Share on other sites More sharing options...
Naam Posted October 8, 2018 Share Posted October 8, 2018 6 hours ago, how241 said: Timing = Luck...Investor = gambler ...All markets are manipulated...IMHO..Good luck/timing to all that enter the financial casino. my [not so] humble personal opinion is: only wannabee-investors without success think that all markets are manipulated. markets are influenced by market forces mainly based on sentiment, herd instinct, political environment (other factors too many to list) and a good shot of analysis. calling that potpourri manipulation is a matter of perspective. 2 Link to comment Share on other sites More sharing options...
Skeptic7 Posted October 9, 2018 Share Posted October 9, 2018 Regardless of the future of cryptos and their potential success...or failure...there is actually no true comparison to equity investing at the present time. Especially no comparison to investing in an equity index like say...The S&P 500 Index or the Dow Jones Industrial Index. These markets are the greatest wealth creating machines EVER. They are supported by decades of history and success, are incredibly stable despite the normal (healthy) downturns and periodic recessions, pay dividends and are backed by much more than a bunch of lip service. The only fair comparison of cryptos would be to the "dot.com" bubble or "tech wreck" of 2000, where idiots back then were going all in on any and all companies that had "dot com" attached to it. It was a bloodbath which smart investors stayed away from. Even so, many companies survived and have thrived since. Companies such as Apple, Microsoft, Priceline (yes Priceline! now called Booking Holdings), Amazon and eBay. By the same token (pun intended) AMZN seems a bit rich with huge debt, no dividend and a PE of nearly 150, whereas AAPL and Microsoft seem fairly valued. And Mircrosoft was an enigma itself as it was a cash machine with everything going for it and was basically flat for a decade...the MSFT lost decade. Regardless of the "crypto craze" and whether it already had it's "crypto crash" version of the dot com crash and how it all plays out...still remains to be seen their actual potential, uses, success and becoming viable, stable useful instruments in the real world which can be resilient and valuable enough to weather the certain storms. They're just too new...infantile so to speak...and until a proven basket of them can show historical charts similar those of the S&P and DJI, it's just not a real comparison. Compare to the dot com "investing" of the late 90's...yes. Compare to index equity investing record...no. Not yet. Call me old fashioned... ...been laughing all the way to the bank my entire adult life. BTW...do follow crypto market daily with interest and when/if the time comes, will prob be XRP for me. 1 Link to comment Share on other sites More sharing options...
Happy Grumpy Posted October 9, 2018 Share Posted October 9, 2018 13 hours ago, Scottjouro said: 1. Fast - 3 to 4 second settlement 2. Very low or near zero fees 3. Ripple, the company utilising XRP in some of its software, is a real company with real business people who have a definite vision of "Macro money transfer" 4. Ripple/XRP is actually being used in real world use, and more and more are signing up to RippleNet 5. Innovation - Coil project founded by Ripples Ex CTO - micropayments using XRP - think no more annoying adverts on the internet, you only pay for content you use paid for by an XRP payment in 3seconds 6 Xpring, Ripple supporting people who have projects which utilise XRP 7. Ripple with working with the likes of the IMF, SEC, Swift (rumoured) major banks and sitting on numerous crypto techinical advisory committees It's worth 1/8th of what it was 10 months ago. Why has it lost 7/8ths of its value in the last 10 months? Link to comment Share on other sites More sharing options...
Scottjouro Posted October 9, 2018 Share Posted October 9, 2018 27 minutes ago, Happy Grumpy said: It's worth 1/8th of what it was 10 months ago. Why has it lost 7/8ths of its value in the last 10 months? Easy...the prices where driven purely by speculation and still tethered to the BTC price, which still has over 50% of market share, BTC takes a dump the whole market goes down XRP prices where pushed to the ATH based on the rumour of being listed on coinbase..pure speculation, as XRP at the time had no real world use case... Prior to Ripple "Swell" conference in O ctober another speculation driven increase and price is now consolidating around USD 0.50 fast forward to 1st October 2018 XRP now has real world use case with 3 production contracts commenced, and the number are growing by the day.....eventually the XRP price will be driven by volume usage and not speculation XRP price will be driven by: 1. Volume transactions 2. XRP price will decouple from BTCs influence 3. Major players will adopt RippleNet and its software for international money transfers All the above takes time, so if one wants a pump and dump XRP is not for you, this will be a 2 to 3 year hold Do your reasearch you will see what i am talking about.. 1 Link to comment Share on other sites More sharing options...
Happy Grumpy Posted October 9, 2018 Share Posted October 9, 2018 2 hours ago, Scottjouro said: XRP at the time had no real world use case... 2 hours ago, Scottjouro said: XRP now has real world use case And it's worth 1/8th of when it didn't. Link to comment Share on other sites More sharing options...
Scottjouro Posted October 9, 2018 Share Posted October 9, 2018 1 hour ago, Happy Grumpy said: And it's worth 1/8th of when it didn't. And it only went into real world production 9 days ago, and liquidity is still bring loaded into system, as mentioned previously this will be a 2 to 3 year hold Its sounding like one who put their $ 100 pocket money in BTC yesterday and expected to be a millionaire today...your demanding instant gratification Maybe do some proper research.. on the whole Ripple/XRP thing and you will see what i am talking about Link to comment Share on other sites More sharing options...
Happy Grumpy Posted October 9, 2018 Share Posted October 9, 2018 6 minutes ago, Scottjouro said: Its sounding like one who put their $ 100 pocket money in BTC yesterday and expected to be a millionaire today.. No, it's pointing out that it's worth 8 times less than it was 10 months ago. When it didn't have this apparent 'real World value'. Link to comment Share on other sites More sharing options...
Scottjouro Posted October 9, 2018 Share Posted October 9, 2018 3 minutes ago, Happy Grumpy said: No, it's pointing out that it's worth 8 times less than it was 10 months ago. When it didn't have this apparent 'real World value'. Sorry i have tried to explain this the best i can, but i cant understand things for you as well... 2 Link to comment Share on other sites More sharing options...
neo555 Posted October 10, 2018 Share Posted October 10, 2018 (edited) All Altcoins are basically made as an reflection of BBitcoin, Even ETH was made just it was made to be better. When Bitcoin losses 50% being the front runner all the altcoin follow suit, they lose even more than 50%. Many of those panic driven impulses commence at twitter. When the twitter crowd feels bearish, bearisch it is. Interestingly the twitter crowd seems to have taken a linking to XRP. XRP so far I know did some premining in the past, their closeness to bankers makes it very credible but the ripple crew has tried to decentralize more to counteract. Edited October 10, 2018 by neo555 Link to comment Share on other sites More sharing options...
Scottjouro Posted October 13, 2018 Share Posted October 13, 2018 On 10/11/2018 at 12:55 AM, neo555 said: All Altcoins are basically made as an reflection of BBitcoin, Even ETH was made just it was made to be better. When Bitcoin losses 50% being the front runner all the altcoin follow suit, they lose even more than 50%. Many of those panic driven impulses commence at twitter. When the twitter crowd feels bearish, bearisch it is. Interestingly the twitter crowd seems to have taken a linking to XRP. XRP so far I know did some premining in the past, their closeness to bankers makes it very credible but the ripple crew has tried to decentralize more to counteract. XRP wasnt mined or even premined.... and is more decentralised than both BTC and ETH...do your research properly...your posting FUD from the BTC hardliners, the obvious caveat, there is still no single agreed to proper defintion of what exactly a "decentralised" network actually is https://ethereumworldnews.com/ripple-cto-xrp-more-decentralized-than-bitcoin-btc-and-ethereum-eth/ The same people claim XRP is a banksters coin and get all flustered by it, but yet pee in their pants in excitement with talk of BTC ETF's, ie the same banksters they are suppose to be anti...they are hypocrites.. Link to comment Share on other sites More sharing options...
Skeptic7 Posted October 14, 2018 Share Posted October 14, 2018 On 10/13/2018 at 7:13 AM, Scottjouro said: XRP wasnt mined or even premined.... and is more decentralised than both BTC and ETH...do your research properly...your posting FUD from the BTC hardliners, the obvious caveat, there is still no single agreed to proper defintion of what exactly a "decentralised" network actually is https://ethereumworldnews.com/ripple-cto-xrp-more-decentralized-than-bitcoin-btc-and-ethereum-eth/ The same people claim XRP is a banksters coin and get all flustered by it, but yet pee in their pants in excitement with talk of BTC ETF's, ie the same banksters they are suppose to be anti...they are hypocrites.. A quote from Cryptodaily... “Morgan Creek Capital Management has more than $1.5 billion in assets, so its Digital Asset Management Fund is significant. As is the decision to exclude any cryptocurrency with more than a 30% premine. That’s bad news for Ripple, which essentially premined all 100 billion XRP tokens. That’s a problem for the likes of Morgan Creek.” From Forbes... "But notably missing from the list will be some of the largest cryptocurrencies in the world. The rules-based index fund, managed by San Francisco-based Bitwise Asset Management, excludes cryptocurrencies such as Ripple’s XRP and Stellar’s lumen, that were created through a controversial process called a pre-mine." Another from an article entitled What Are Premined Coins? And a link to an article from Bitcoin.com that says XRP is centralized and is the most pre-mined coin. To be fair, there are some articles besides the one you linked that also claim that XRP is more decentralized and/or getting more decentralized. https://news.bitcoin.com/is-the-centralized-ripple-database-with-the-biggest-pre-mine-really-a-bitcoin-competitor/ Link to comment Share on other sites More sharing options...
Scottjouro Posted October 14, 2018 Share Posted October 14, 2018 (edited) 4 hours ago, Skeptic7 said: A quote from Cryptodaily... “Morgan Creek Capital Management has more than $1.5 billion in assets, so its Digital Asset Management Fund is significant. As is the decision to exclude any cryptocurrency with more than a 30% premine. That’s bad news for Ripple, which essentially premined all 100 billion XRP tokens. That’s a problem for the likes of Morgan Creek.” From Forbes... "But notably missing from the list will be some of the largest cryptocurrencies in the world. The rules-based index fund, managed by San Francisco-based Bitwise Asset Management, excludes cryptocurrencies such as Ripple’s XRP and Stellar’s lumen, that were created through a controversial process called a pre-mine." Another from an article entitled What Are Premined Coins? And a link to an article from Bitcoin.com that says XRP is centralized and is the most pre-mined coin. To be fair, there are some articles besides the one you linked that also claim that XRP is more decentralized and/or getting more decentralized. https://news.bitcoin.com/is-the-centralized-ripple-database-with-the-biggest-pre-mine-really-a-bitcoin-competitor/ At the end of the day, if your invested in your preferred crypto, for your own reasons..and making money do you really care if its "Pre-mined", "post-mined"...centralised or decentralised or if its painted pink with purple spots ? Only the nerds care about that stuff, those who wear hoodies, live in mummys basement and watch a lot of internet porn lol Edited October 14, 2018 by Scottjouro Link to comment Share on other sites More sharing options...
Scottjouro Posted October 14, 2018 Share Posted October 14, 2018 (edited) https://fudbingo.com/ Edited October 14, 2018 by Scottjouro Link to comment Share on other sites More sharing options...
ThailandLOS Posted October 14, 2018 Share Posted October 14, 2018 13 minutes ago, Scottjouro said: Ripple controls less than 48% of the nodes, but lets compare this with BTC your beloved BTC and i quote ... four largest mining pools control as much as 58% of the Bitcoin network, while three miners control 57% of Ethereum’s, as a reason why these competing cryptocurrencies are even less decentralized than XRP. At the end of the day, i invested in XRP, and if it turns me a profit, i couldnt care less if its decentalised, a bankers coin ...thats just the jerk off BTC fan boys who care about that crap, now back to mummys basement.. Time will tell who is right and who is wrong Here is your 'profit' against BTC ???????? Link to comment Share on other sites More sharing options...
Rimmer Posted October 14, 2018 Share Posted October 14, 2018 A personal attack and a reply have been removed, flaming and name calling another member is against forum rules, as you well know. Keep this up and you will be going on extended vacation. 7) You will respect fellow members and post in a civil manner. No personal attacks, hateful or insulting towards other members, (flaming) Stalking of members on either the forum or via PM will not be allowed. Link to comment Share on other sites More sharing options...
Skeptic7 Posted October 14, 2018 Share Posted October 14, 2018 36 minutes ago, Scottjouro said: do you really care if its "Pre-mined", "post-mined"...centralised or decentralised or if its painted pink with purple spots ? Only the nerds care about that stuff, those who wear hoodies, live in mummys basement and watch a lot of internet porn lol Wouldn't have a clue bout all dat, but u obviously do since ur the one agreed that it is more "decentralized"...then insisted that the most "pre-mined" crypto EVER wasn't "pre-mined" at all...then u condescendingly told another to do their research properly. Perhaps u should begin by practicing what your preach and leading by example. 1 Link to comment Share on other sites More sharing options...
Scottjouro Posted October 15, 2018 Share Posted October 15, 2018 23 hours ago, ThailandLOS said: Here is your 'profit' against BTC ???????? Past Performance Is Not Indicative Of Future Results...????... Real use case of XRP only commenced on 1 October 2018, so up to that point all speculation... If Ripple does a partnership with SWIFT, as is rumoured...well..remember VHS and what was that other one called again Beta something..? The price of XRP in the future will be driven by volume, not by silly speculation of a listing on Conbase (Coinbase) Given Ripple are actively engaging with central banks, IMF, FI, and even the SEC, do you really think XRP is going to be declared a security ?...not on your life.. As someone put it in a recent article Ripple is the next Microsoft, and XRP will going along for the ride, If one is prepared to take the blinkers off and look at the big picture, you can see what is unfolding, it will not happen overnight for sure, but in 2 to 3 years crypto, specifically XRP going to be in a whole new world.. Link to comment Share on other sites More sharing options...
Naam Posted October 15, 2018 Share Posted October 15, 2018 50 minutes ago, Scottjouro said: Given Ripple are actively engaging with central banks, IMF, FI, and even the SEC actively misleading information! no such thing, neither actively nor planned. information from bloggers with wet dreams and an agenda is irrelevant. Link to comment Share on other sites More sharing options...
ThailandLOS Posted October 15, 2018 Share Posted October 15, 2018 1 hour ago, Scottjouro said: The price of XRP in the future will be driven by volume, not by silly speculation of a listing on Conbase (Coinbase) The price of XRP in the future will be driven by speculators with wet dreams such as yourself. Even if there was a real reason for Ripple Labs' clients to buy the token (which there isn't), they would buy them directly from Ripple Labs (who hold a shitload) and not from unregulated retail market places. Link to comment Share on other sites More sharing options...
Scottjouro Posted October 15, 2018 Share Posted October 15, 2018 (edited) 2 hours ago, Naam said: actively misleading information! no such thing, neither actively nor planned. information from bloggers with wet dreams and an agenda is irrelevant. The Saudi central bank appears to disagree with you, but please dont visit their embassy to enquire, they may cut you into little pieces... And also mentioned... SAMA is the second central bank globally to introduce Ripple’s blockchain-based cross-border payments platform, following the Bank of England’s pilot project in 2017. https://www.forbesmiddleeast.com/en/saudi-arabias-central-bank-signs-deal-with-ripple/ https://www.cnbc.com/2017/10/10/ripple-has-over-100-clients-as-mainstream-finance-warms-to-blockchain.html Edited October 15, 2018 by Scottjouro Link to comment Share on other sites More sharing options...
Scottjouro Posted October 15, 2018 Share Posted October 15, 2018 1 hour ago, ThailandLOS said: The price of XRP in the future will be driven by speculators with wet dreams such as yourself. Even if there was a real reason for Ripple Labs' clients to buy the token (which there isn't), they would buy them directly from Ripple Labs (who hold a shitload) and not from unregulated retail market places. Ah XRP bingo fud again... but but but...the banks will never use it, its not decentralised,...its Satan, the sky will fall...its a bankers coin, its a scam..it will make you infertile...lol As stated time will tell, to see who is right or wrong........ Link to comment Share on other sites More sharing options...
Happy Grumpy Posted October 15, 2018 Share Posted October 15, 2018 25 minutes ago, Scottjouro said: the sky will fall. Having lost 7/8th's of its value, hasn't that already happened? At least for those who bought in as it was exploding. Not for anybody on here of course, they bought them all when they were worth 10 for a cent. Link to comment Share on other sites More sharing options...
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