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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?

Always love to bounce this kind of stuff off the Planet. Have any of you done any research into Bitcoin, and if you hold any opinions on the concept I'd love to hear what you think.





Last edited by ChiefRocka; 07-16-2017 at 05:12 PM..
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Old 01-03-2018, 04:19 PM   #1111
Taco John Taco John is offline
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Originally Posted by Billy Bitcoin View Post
...which would mean all of crypto would have to get to about $10T marketcap

Gold is at about $8T

If this happens - sell, sell, sell because the whole ****ing thing will collapse.

I don't think so man. I'm not saying that there isn't potential for things to collapse. I expect Bitcoin to collapse. Ripple, on the other hand, exists because of the value it offers banks. The protocol behind the coin has more value than the coin, saving the banks money and time. The same will be said for other cryptos when they start becoming integral parts of business operations. There will be an equilibrium achieved because when the coin goes down in price, it will only be more profitable for the businesses using them as part of their supply chain. Blockchain technology isn't going away, and neither will many of the coins that it supports.
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Old 01-03-2018, 04:21 PM   #1112
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One more thing... Royal Bank of Canada sees the cryptospace reaching maturity at $10 Trillion dollars. Who knows how long that will take, but I would plan on getting in now and holding until it starts nearing maturity. There's a lot of early retirements that could happen if things go like this.
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Old 01-03-2018, 04:27 PM   #1113
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Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?
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Old 01-03-2018, 04:30 PM   #1114
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I don't think so, but it's hard to tell. Right now it's at $113 billion dollar market cap. That's up from 9 million less than a month ago, which is a huge rise. For it to become a $50 coin, it has to reach $4.3 trillion dollar marketcap. To put that into perspective, the entire market cap for cryptocurrencies is at an all time high today of $730 billion. It's not realistic to think Ripple can be a $50 coin for some time to come (unless financial institutions start stampeding into the cryptospace, and big retailers like Amazon start announcing adoption).

Consider that right now, Bitcoin is the market dominance leader at $250 billion. It's easy for me to believe that Ripple could catch up, and even beat Bitcoin in market domninance. So if Ripple were to get to, let's say, $260 billion, that would make it a $3.00 coin, provided that the supply remained consistent.

Ripple is a slow growth, steady coin. I use it as part of my "safe" investment base where I put 50-60% of my total stake (Cardano, Ripple). Then split some (45%) on on medium risk (IOTA, XLM, EOS, VEN), then high risk (XVG, TRX) and the final 5% on sub penny gamble coins that look like they've got promise (I recently got in on EmberCoin, which is soon going to be a GPS coin called Chartis).

No one is going to "get rich quick" on Ripple at this point, but it can serve as a very stable growth coin that will grow steadily as the market grows, and challenge for dominance. Any altcoin porfolio is incomplete without it.
Iím hopeful that many more banks and corporations like amazon realize the benefits XRP provides. Iím all for holding for a few years.

Really hope this coin can get to $100 some day.
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Old 01-03-2018, 04:38 PM   #1115
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Quote:
Originally Posted by Iowanian View Post
Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?
If you want to take some gamblin money and put it to work you might take a hard look at some of the cannabis stocks. They have been exploding .

Last 30 days:

NUGS up 5915%
BUDZ up 486%
PVOTF up 435%
IMLFF up 250%

I can't advise you on the Crypto as I don't follow it that close as it's jst all over the place.




Welp, Jeff Sessions just killed the Marijuana boom. **** that mother ****er!!!!!!!!!
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Old 01-03-2018, 04:39 PM   #1116
Taco John Taco John is offline
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Quote:
Originally Posted by Iowanian View Post
Let's say a guy has come into $1k in "fun money"...and is considering options to invest it in either CC or stocks.

Is there a consensus as to a solid plan with a legit chance(understood risk) to split that small of an investment? Does one put say, $500 into litecoin or E and then split the other half with ripple or take a stab at some of the low end sucker bets?
Yes. I won't give you financial advice but I'd tell you what I would do if I had $1000 today and let you do your own research and determine what you'd like to do.

$500 - Split between Ripple (XRP) & Cardano (ADA)
$300 - Split between IOTA (IOTA) and Stellar Lumens (XLM)
$150 - Split between XVG and TRON
$50 - Put it all in ReddCoin RDD

I'd be confident that a portfolio like that would give you a great place to start growing a stake and learning about the market.

DO NOT, i repeat, DO NOT sell anything for 90 days once you invest. Look at it like a football season just starting out. If you get interested along the way in other coins, add to your position with new money, but don't touch your initial investment until after April because with the Trump tax plan and tax season underway, we're in a bull market right now, and have little reason to believe that it's anything but that.

THAT SAID - you also need to understand that these coins are under attack by Russia, China, and the Fed. There is belief that Russia and China tried to crash the coin market right before Christmas. They failed. People held. Don't let bear runs give you weak hands. Go in with a 90 day plan expecting to lose the stake, but hoping to double it. There's a good chance you might triple it or better in this bull market.
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Old 01-03-2018, 04:45 PM   #1117
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Quote:
Originally Posted by Billy Bitcoin View Post
***DO NOT MISTAKE ME FOR YOUR FINANCIAL ADVISOR***

Ripple defeats the entire purpose of crypto. Ripple is pumping so that the big holders can take all of your money and convert to ETH or BTC (real ideas) and you'll be holding the bag with your $1 XRP that has very little upside.

People think XRP is going to be added to Coinbase and "explode" and don't understand that there are 17 million bitcoins and 600 kajillion ripple coins and don't understand even the most basic math.

Ripple might go up to $5 a coin, I don't know, people are stupid - but if I held ANY ripple and saw that is was trading for $3 - I would sell half, IMMEDIATELY, and get as many $930 ETH as I could get.

Ethereum is real societal progress - Ripple is garbage ass centralized banker bullshit.
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Old 01-03-2018, 04:56 PM   #1118
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TJ, what do you like about Cardano? Do they have a good team?
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Old 01-03-2018, 04:58 PM   #1119
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A lot of poopcoin talk in here lately
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Old 01-03-2018, 05:03 PM   #1120
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TJ, what do you like about Cardano? Do they have a good team?
They're an amazing team with an amazing project and amazing technology. The project is led by Charles Hoskinson, a cofounder of Ethereum. The idea was to get right the things that Ethereum got wrong. It's an all-star team that started from scratch and asked themselves "how can we be best of breed from the ground up."

Their vision paper can be found here. It's the filet mignon of crypto-visions...
https://www.cardanohub.org/en/cardano-vision-paper/
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Old 01-03-2018, 05:04 PM   #1121
Taco John Taco John is offline
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A lot of poopcoin talk in here lately
Bah. The old coin guard is holding onto their Netscape and AOL, just sure that they are bullet proof because they're first.
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Old 01-03-2018, 05:10 PM   #1122
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People pissing on Ripple right now don't understand the game. Ripple is the battering ram that is going to bust the cryptocurrency doors wide open.
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Old 01-03-2018, 05:14 PM   #1123
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Do you seriously believe that the owners of Ripple are going to sell their 100 billion coins so they can buy ethereum? They hold 60 billion of these coins and they have a thousand banks that are coming online with their platform. Explain to me how selling their coins and buying ethereum is good for them and or their customers.
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Old 01-03-2018, 05:19 PM   #1124
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What banks are actually using Ripple? My understanding is they aren’t using the coin, just technology by Ripple. They don’t need the coin, therefore the price run up will eventually stop.
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Old 01-03-2018, 05:50 PM   #1125
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A lot of poopcoin talk in here lately
I bet if someone did an ICO for a new token, and named it "Poopcoin", then just found a reasonable name to associate to it people would be like. "This poopcoin is goin to the moon!"
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