nh

ding ding ding.

I have no idea if you're trolling me, but XRP at this point is a fake cryptocurrency that no one outside of maybe 200 people on earth actually understands how it functions as a digital currency. That's not something I would suggest anyone being a part of... this of course is no analysis on price and whether or not $100 is possible/likely/fair

Banks do not have to use RippleNet. They can (and some have or will) create their own blockchains with their own digital assets. Banks that use RippleNet do not have to use XRP, however they get ~60% off the costs if they do.

Ripple have set them up so the technology works without use of XRP, its a feature not a flaw. But the benefits of using XRP with the tech is whats the selling point.

im not worried about a bubble bursting... I actually dont quite care (too) much because I'm well positioned for such an event. My point is that it appears that we've entered a new phase in this bubble when altcoins, crapcoins, fakecoins have all seen enormous advances in USD trading pair value, and this is reminiscent of the internet bubble.


Someone I know whose been in wallstreet for a long time told me last week:

you know that there were stocks in the 90s, who would say, "we're releasing a website now!" and then boom, the next day the stock goes +30%.

That is really analogous to me with what's happening in altcoins right now.

Hey guys, no problem. Like I said the more exposure this gets, the better for me as its a fair % of my portfolio. I'll inbox you.

It's almost identical imo. The whole "this is a revolution/new paridgm" line of thinking leads to these gains in crappy coins that are unsupported by anything fundamental.

I have no doubt that cryptos are basically the internet mk 2 and this is going to change everything. You would be foolish not to hold a crypto portfolio. I also have no doubt the vast majority of alts are basically get rich quick schemes that will be gone soon enough.

Wasn't there a coin where the developer/creater died, the whole thing shut down, this was announced on twitter yet somehow it continued to go up in price vs usd?

Whenever the huge correction comes, and nobody can predict when, the good cryptos will be bargains for those with the nerves to buy/hold. The crappy coins will send ppl busto, just like pets.com et all. Could happen tomorrow or the market could 40x from here before it corrects.

It's also telling that most alts seem to underperform vs btc.

I have a similar mindset of nolongeravailable. Where else can you invest in the short term that will give you the return that Bitcoin and Alt-coins are giving you right now? No right minded person would put their whole bankroll and leave it in crypto for 10 years. That is not what most of us are doing. You can essentially bet on the top 10 crypto and earn significantly more than the average investor in stocks at this point without doing much research. This is a simple play, an opportunity that doesn't come around very often. Why not make the most of it and make the simplest play here in any kind of investing by betting on crypto?

Correct me if I'm wrong, but will crypto's suddenly go to $0 in a few seconds when the bubble burst? I imagine it will decline sharply but there will be ample time for us to get out when it is clear the game is over.

Not when exchanges go offline for extended periods when big drops occur..

Is there a website where I can punch in a date and time in the past and look up a coins value at that exact time in history? Been kinda sloppy with logging my transactions.

I resonate with this, and when you compare crypto market caps to established companies, things just seem ludicrous. I'm not sure if this is a fair comparison of value or not and would be happy to be corrected, but for EG NXT has been abandoned by it's developers as far as I can tell, and it's 'valued' at 650m. Something has to give soon.

And as mentioned, this is definitely not the case. The market isn't anywhere near liquid enough (check trading volumes).

What is a fair market cap to compare btc's to though? If cryptos really are the future of financial transactions what should the total market cap be?

I also completely agree with when you point out the problem with the valuation of NXT and say something has to give so there is something badly wrong out there.

The comparison to the dot com run up is incredibly spot on imo.

Aggo I can't take the curiosity anymore. Every coin is a crap coin, you sold your BTC, which ones are you actually long on? Don't hate you at all BTW, your wisdom is very valuable here, even if I ultimately ignore it because I'm a crypto degenerate

Also, do you suppose it's possible that this market is actually somehow still in it's infancy and not actually a bubble?

dont believe everything you read on the internet.....

Just purchased a pretty good chunk of TRON (TRX). First time I've bought a coin besides btc/ltc/eth. It's taking off a little on binance right now

Coinmarketcap does time stamps a few times a year so you could ballpark it that way. Don't think there's anything which offers exact time.

Cmon damn you, recommend some non **** coins!

I bought Tron at 2 cents out of FOMO just like everything else. Cardano back at 11 cents! Seems to be the perfect market for that XD

i have. they are in the ethereum thread, which contains my entire investing thesis i used for all of 2017. The results speak for themselves, nailed 3/4.

i wont be making anymore calls unless

1/ kazuya comes back
2/ twoshatter makes some
3/ toothsayer says he bought cryptocurrencies

or

4/ ethereum goes to sub $100

i would buy any of the coins or use those theses anymore, aside from privacy coins. Everything is ridiculously expensive.

UPDATE ON PHORE

We've seen some nice price growth in the past few days, also support levels have moved up and increased in volume.



The team have just tweeted this:

Our community has highly been suggesting we get listed on #Binance / @binance_2017. We would like everyone to know that our application to them has been updated and sent. We are making efforts to fulfill this request. Please take a moment to retweet your support!

#PHR / $PHR

https://twitter.com/PhoreCrypto/stat...64722295738370

A listing on Binance would be huge at this point. It's still a buy at these levels imho.

Aggo,

Do you still believe in Eos?

in the project? yes, definitely.

in its price? LOL no.


EOS possesses unique risks that need to be respected. I am personally still uncomfortable with launch terms and this insane $$ that theyve raised. But I cant really complain vis a vis when I look at my cost average, so I think there's a lot of room for me to maneuver around if the tide of development begins to sway away from my side.

It’s bad when ppl think you’ll just be able to see the crash and get out. The volume isn’t there and none of these exchanges are even close to ready to handle the amount of volume of/when a panic sell off happens

here's a call:

a lot of stuff popular itt is overvalued by a factor of 10 or more.

wow xvg