Feels like Ripple is type of coin that will just always float/stay at 1$
but ofc - I will pass on it and then next day it will sky rocket to $500.
[QUOTE=thejjokerr;52995584]Bitcoin dwindled a bit around the same course multiple times. Theres really no telling what any currency will do.
Glad I bought some ripple at. 5 though[/QUOTE]
You bought ripple when it was 50 cents?
[QUOTE=Crumpet;52993091]What about things like Ethereum? From what I've seen some of the tech behind these things have real merit. Ether has actual use within the Ethereum network for developers running their stuff. Bitcoin is functionally useless but I wouldn't be writing them all off.[/QUOTE]
Ethereum (and the multitude of ethereum-based coins) are (in theory) the safer investments because they have an inherent value rather than just "people want them".
[editline]21st December 2017[/editline]
XRP and XRB similarly.
[QUOTE=Number-41;52991829]Why? (not with a sceptical tone, I just want to be able to compare their properties and decide for myself).
It also seems like /r/btc (the biggest online BCH community) seems to become more and more isolated. Half the time they are just whining about /r/bitcoin's censorship. I don't know which community is "right". They both seem equally biased.[/QUOTE]
As someone who has used Bitcoin for around six years or so, I'm personally leaning more towards /r/btc and Bitcoin Cash than Bitcoin Core. I have a bunch of old coins wrapped up in a wallet I can't send elsewhere without spending a ridiculous amount in transaction fees: at the moment it appears to be ~1.08 BTC or around $16676 in transaction fees. On the other hand, in Bitcoin Cash I was able to collate those coins together while spending around 0.03 BCH or around $90 in transaction fees. In short: if you used Bitcoin for receiving micropayments a few years back, you might find yourself unable to spend your coins without burning a good number of them away, if not all of them and then some more.
The issues with high fees and unreliable transactions were known and predicted for years beforehand, and the solution (increase the 1 MB block size, since it was just an arbitrary limit to prevent spam) was known and marketed as an eventual solution, until most of the developers were hired by Blockstream and suddenly started pushing a second layer solution instead: Lightning Network.
Instead of your coins staying locked in the blockchain, you create a transaction to move your coins into a payment channel, where you can move them around the network participants with low fees. The main principle sounds good for certain transactions, but the system as the entire backbone of the currency would only lead to more centralization. You now need to stay online in order to keep your bitcoins in your payment channel, or else the other participant can irreversibly steal them from you when your channel expires.
The censorship /r/btc likes to drum about is for the most part true, and there is [URL="https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43"]plenty[/URL] [URL="https://www.reddit.com/r/btc/comments/7eil12/evidence_that_the_mods_of_rbitcoin_may_have_been/"]of[/URL] [URL="https://www.reddit.com/r/bitcoin_uncensored/comments/3id1al/moderators_of_rbitcoin_changed_the_stylesheets/"]evidence[/URL] for that over the years. Not really surprising: consider what drama Reddit moderators go through on niche subreddits, factor in a multi-billion currency and you have a good reason why Reddit moderators on a power trip would do all this. I can't speak for /r/btc, but they at least have a public moderation log.
Of course, this is all my opinion, so take of it what you will. I wouldn't mind the entire cryptocurrency market blowing up tomorrow if it meant I wouldn't have to deal with the never-ending drama. :v:
[QUOTE=Headhumpy;52994812]Blockchain technology is useful, but not in the form of cryptocurrencies. This technology will enter our lives behind the scenes, being integrated into current financial systems.[/QUOTE]
in both
[QUOTE=KrklndSigntur;52995862]in both[/QUOTE]
What exactly do you mean by as a cryptocurrency?
If it's just a commodity people exchange fiat for for certain purposes, sure, that's how you pay smart contracts for example.
But these won't be replacing the dollar, euro, etc.. Even central banks revealing their own legal cryptocurrency as tender has some big issues.
Xrp is designed as a swift replacement, if it's value skyrockets and it becomes volatile it won't be useful anymore
The big dip has begun
[QUOTE=ss1234;52992576]I can't wait for that day in the future when we'll look back at this point in the history of crypto currency and just laugh at how dumb it made the investment world.[/QUOTE]
I would have said this 3 years ago during the 2013 bubble.
I'm saying it now.
I'll probably say it in the future. I don't put money into it, I have no stake, it's just fun to watch. Price volatility is making it annoying to buy gray market drugs though.
[QUOTE=dark_vivec;52996538]I would have said this 3 years ago during the 2013 bubble.
I'm saying it now.
I'll probably say it in the future. I don't put money into it, I have no stake, it's just fun to watch. Price volatility is making it annoying to buy gray market drugs though.[/QUOTE]Well, the people holding it now aren't necessary sad.
The sad is if you don't get out when adjustment occurs. When the "I want to kill myself for not investing in 2012" posts become "I want to kill myself for not pulling out fast enough."
Holy dip here it comesss
F
Shame, my litecoin comes in tomorrow, guess I'll just hold it until I can break even.
[QUOTE=Zombinie;52996755]F
Shame, my litecoin comes in tomorrow, guess I'll just hold it until I can break even.[/QUOTE]
It's already on the way back up, at least for the time being.
CAN'T WAKE UP
[QUOTE=KrklndSigntur;52994511]just like people buying internet stocks before the dot com bubble!!! peaked around 100 back then. "crashed" and is now worth 1000+
its false to say this tech has no intrinsic value[/QUOTE]
I forgot to address this. The dotcom crash wiped out well over a [I]trillion[/I] dollars worth of equity. Hundreds of companies that had burnt billions in cold hard cash went bankrupt and investors never saw their money again. By only looking at the ones that didn't go bust, you've fallen prey to survivorship bias.
I suggest you take some time to read up on the various cognitive biases that humans suffer from and learn how to avoid them yourself.
[QUOTE=Headhumpy;52996901]I forgot to address this. The dotcom crash wiped out well over a [I]trillion[/I] dollars worth of equity. Hundreds of companies that had burnt billions in cold hard cash went bankrupt and investors never saw their money again. By only looking at the ones that didn't go bust, you've fallen prey to survivorship bias.
I suggest you take some time to read up on the various cognitive biases that humans suffer from and learn how to avoid them yourself.[/QUOTE]
Are you a robot?
[QUOTE=Storm12230;52996911]Are you a robot?[/QUOTE]
There's no contradiction in being human and recognising that the human brain is very easily influenced by both external and internal factors.
drama dip?
[media]https://www.youtube.com/watch?v=KNKGzMvzA8s[/media]
[QUOTE=waylander;52996502]Xrp is designed as a swift replacement, if it's value skyrockets and it becomes volatile it won't be useful anymore[/QUOTE]
I've checked XRP reddit and there is many ambitious people that say it will jump to 20-30 $ in 2018.
Welp, officially down about a hundred dollars, nothing compared to a lot of people.
And yeah, I blame BCH for this.
This is a fun rollercoaster
Do you guys feel the heat :angry:
[img]http://puu.sh/yLKnf/38b6f4bddb.png[/img]
/r/bitcoin is telling people not to do anything crazy over the drop, talk walks, gety psych help.
The last time the price had dropped to the lowest point after the bubble burst, the Bitcoin subreddit had a suicide hotline number in the top post in the front page.
Not investment advice, just pointing this out.
[QUOTE=Matoking;52997407]The last time the price had dropped to the lowest point after the bubble burst, the Bitcoin subreddit had a suicide headline number in the top post in the front page.
Not investment advice, just pointing this out.[/QUOTE]
At first I found this funny but its legit sad that some people will be losing out big time for this. Lesson hard learned regarding gambling
Isn't it just gonna climb back up eventually?
(I don't have any but just asking)
Just make sure you've got the currency saved on a local wallet, regardless of what it's worth you dont want to be out of pocket because a broker got "hacked"
A loss is a loss at the end of the day but I for sure would rather see it on paper than an actual hit...
I think with crypto you should only put in what you're prepared to lose and hope for long term gains
That's what I'm telling myself right now as my portfolio is -20% in 24 hrs
[QUOTE=arleitiss;52997419]Isn't it just gonna climb back up eventually?
(I don't have any but just asking)[/QUOTE]
The answer to that is always "who knows?"
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