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-   -   Ripple price crash = End of Crypto fantasy? (https://gfy.com/showthread.php?t=1291521)

mce 01-12-2018 01:51 PM

Ripple price crash = End of Crypto fantasy?
 
https://www.express.co.uk/finance/ci...rypto-exchange

I still think BTC will hit 100,000 USD : 1 BTC though

Smack dat 01-12-2018 01:56 PM

Quote:

Originally Posted by mce (Post 22162035)
https://www.express.co.uk/finance/ci...rypto-exchange

I still think BTC will hit 100,000 USD : 1 BTC though

Never believe the Express. Sensationalist tripe.

They will all come back stronger than ever.

rogueteens 01-12-2018 02:08 PM

I'm still holding on to my ripple coins and I probably will for quite a while.

InfoGuy 01-12-2018 02:12 PM

It's absurd to compare Chris Larsen's $59 billion fortune to billionaires like Warren Buffet, Bill Gates or Mark Zuckerberg who have real assets with revenues and earnings.

Crypto speculators are going to be badly burned when they realize that there are no more greater fools to drive up the price and they all try to sell.

How many of you lunatics are buying crypto with credit cards?

shake 01-12-2018 03:00 PM

I am in ripple at 40 cents, while it did jump to $3.40 for a few days, yes it's back down to $2 now.

I'm actually selling my ripple now, starting to have worries about the technology and the company behind it. There's better coins that are more decentralized I think.

beerptrol 01-12-2018 03:12 PM

Many coins besides ripple went down in value. I bought some of them and more ripple when they bottom out. They will rise in value again

jscott 01-12-2018 04:41 PM

Quote:

Originally Posted by shake (Post 22162152)
There's better coins that are more decentralized I think.

im pretty sure any coin is more decentralized than ripple

magneto664 01-12-2018 04:45 PM

Quote:

Originally Posted by mce (Post 22162035)

I still think BTC will hit 100,000 USD : 1 BTC though

of course it will happen, because you think so.
Because, you think so and so it will be.
Everyone will pay by bitcoin for coffee.
I will pay commissions for one coffee of 40 coffees.

Please stop fucking "because I think "
shit you think - do you know economics? Which school have you finished? economics course at gfy.com forum?

Smack dat 01-12-2018 04:47 PM

I bought ripple at .22
Don't really agree with it though.

Every coin I know went down.

TheDynasty 01-12-2018 04:57 PM

HODL HODl

onwebcam 01-12-2018 10:39 PM

Quote:

Originally Posted by mce (Post 22162035)
https://www.express.co.uk/finance/ci...rypto-exchange

I still think BTC will hit 100,000 USD : 1 BTC though

I think after the next wave of dumps it will be under $10k. The lightning dream if between the infighting it ever becomes a reality it will essentially be an alt coin and bitcoin will become ether classic..

I'm officially completely out as of 2 days ago.... I've been working on unloading the past few weeks.. Once ether hit $1300 I sold it all. I only had 2 coins left and luckily got out of those just before they got hit.. Now dumping all the loot into my b&m. Will I regret it? Maybe, maybe not..

jscott 01-12-2018 11:05 PM

the price range difference from non btc holder to btc holder is so huge

onwebcam didnt you also boast of tronix up to #6 crypto but failed to mention its drop to #13 (or lower?)

can you be a little less biased please, your comments on crypto are obviously based on your personal interests

onwebcam 01-12-2018 11:38 PM

Quote:

Originally Posted by jscott (Post 22162716)
the price range difference from non btc holder to btc holder is so huge

onwebcam didnt you also boast of tronix up to #6 crypto but failed to mention its drop to #13 (or lower?)

can you be a little less biased please, your comments on crypto are obviously based on your personal interests

I cashed out on it in the 20s somewhere... It moved too fast, too soon.. Once it blew up a bunch of ICO investors did nothing but whine because they sold too early. Then they began trashing Justin all over so I said fuck it and didn't buy back in.. That's when I began my liquidation..

I may pop in an ICO here and there and sell it not long after it hits the market. Other than that I'm done with it all. Because that seems to be the new trend for the pump and dumps.. Run up a new coin hundreds or even thousands percent and unload on it. Look at NEBL.. They ran that fucker up yo $50+ within days of hitting the market and now days later it's $33. APPC driven up to $10 in a day and dumped to around $1 when it was listed at $3 it's now in the low 2s. RLC was listed yesterday it was ran up to damn near 10000 eth and unloaded on to 1000 and now sits around 3000.. It will go down more, again... You're a sitting duck if you're hodling anything right now.

beerptrol 01-13-2018 06:47 AM

these smaller coins are easily manipulated by the whales, so if you are patient and don't panic sell or buy, you should be ok. I try to buy when the whales dump the coin and it bottoms out

I bought into TRX when it bottomed out at around 10 cents. Originally I wanted to buy into it at 12 cents before the pump, so I'll take a risk

Oracle Porn 01-13-2018 06:52 AM

Quote:

Originally Posted by shake (Post 22162152)
I am in ripple at 40 cents, while it did jump to $3.40 for a few days, yes it's back down to $2 now.

I'm actually selling my ripple now, starting to have worries about the technology and the company behind it. There's better coins that are more decentralized I think.

ripple was never 3.40, but who cares about that facts.

k0nr4d 01-13-2018 07:06 AM

Quote:

Originally Posted by Oracle Porn (Post 22162941)
ripple was never 3.40, but who cares about that facts.

It was on korean exchanges

Oracle Porn 01-13-2018 07:15 AM

Quote:

Originally Posted by k0nr4d (Post 22162965)
It was on korean exchanges

Not relevant as its not the real value. You can't actually take your coins to a korean exchange and swap it for usd.

DraX 01-13-2018 07:34 AM

Quote:

Originally Posted by onwebcam (Post 22162698)
I think after the next wave of dumps it will be under $10k. The lightning dream if between the infighting it ever becomes a reality it will essentially be an alt coin and bitcoin will become ether classic..

I'm officially completely out as of 2 days ago.... I've been working on unloading the past few weeks.. Once ether hit $1300 I sold it all. I only had 2 coins left and luckily got out of those just before they got hit.. Now dumping all the loot into my b&m. Will I regret it? Maybe, maybe not..

Speculation is too rough as of late, I'm starting to feel a bit worried about the whole situation.

If you see btc as a future altcoin then which one do you see as main ?

What's b&m? All in all you must have done a nice profit considering where you started...:2 cents:

slapass 01-13-2018 07:44 AM

You have to wonder what the end game is? Very few people “use” any of these coins and yet BTC has a market cap equal to the GDP of Egypt. So what happens when all of the coins locked in someone’s hard drive come pouring out and their is no real expanding use to suck them up?

ilnjscb 01-13-2018 09:15 AM

But "because I think so" is a valid argument. The fact that an asset rises in price is solely due to demand for it. Cryptocurrencies rise in price solely due to demand. If enough people who are not educated in how to evaluate intrinsic worth believe it will go up, they are correct.

There are a lot more of them then there are people who have to the tools to determine the actual value of these assets.

To muddy the waters further, these currencies do have a value, which is the ability to transfer value without a cost. Therefore their intrinsic value is the fact that one doesn't have to pay the 3% - 15% cost of credit card processors, et. al.

They additionally have a perceived value in that the transactions are imagined to be hidden, allowing those who wish to skirt legal issues to transact without anxiety.

The idea that every one of these coins will retain demand and increase in price is, of course, a ludicrous fantasy, but the fact that people believe they will is going to sustain the bubble for a bit longer.

I personally believe these technologies will evolve and actually replace fiats in 10 - 15 years, but who really knows. It won't be BTC or any of these today, but newer, better, safer technology that allows, rather than frustrates, government surveillance. Guns always win in the short term.

onwebcam 01-13-2018 10:10 AM

Quote:

Originally Posted by DraX (Post 22163004)
Speculation is too rough as of late, I'm starting to feel a bit worried about the whole situation.

If you see btc as a future altcoin then which one do you see as main ?

What's b&m? All in all you must have done a nice profit considering where you started...:2 cents:


b&m = brick and mortar business..

Quote:

Originally Posted by ilnjscb (Post 22163058)
But "because I think so" is a valid argument. The fact that an asset rises in price is solely due to demand for it. Cryptocurrencies rise in price solely due to demand. If enough people who are not educated in how to evaluate intrinsic worth believe it will go up, they are correct.


That's not what's happening right now.. Pretty much everything, Bitcoin included is getting pumped and dumped.. If you watch the market cap all the time you'll see that its hundreds of billions being moved in and out of the market.. Not just a few billion here and there.. Who can make those kinds of moves besides maybe wall st or governments? In the process all the new influx of investors which would generally buy in higher than you ideally paid are getting burned and they won't return.. If the dive is deep enough you may even get burned by the dump depending on where you got in.. The only safety net is being in at the very bottom, ICO..

Oracle Porn 01-13-2018 03:03 PM

Quote:

Originally Posted by ilnjscb (Post 22163058)
safer technology that allows, rather than frustrates, government surveillance. Guns always win in the short term.

That's ripple for you.

mce 01-13-2018 04:13 PM

Quote:

Originally Posted by Oracle Porn (Post 22163463)
That's ripple for you.

Does this mean you're a MONERO fan?

gnawledge 01-13-2018 04:25 PM

I invested in Ripple, Stellar or whatever it is and something else. I have to say Bitcoin, Ethereum, and Monero are just safe. Screw the other ones.

magneto664 01-13-2018 04:37 PM

Quote:

Originally Posted by gnawledge (Post 22163565)
I have to say Bitcoin, Ethereum, and Monero are just safe. Screw the other ones.

thank you for the information. I always thought that the only safe money was in my pocket.

this whole "revolution" cryptocurrency looks like HYIP and the Argentine pyramid.
There are over a thousand imaginary currencies at the moment.
Behind some of them is the mafia and gangsters and other shit?

slapass 01-13-2018 06:29 PM

Quote:

Originally Posted by magneto664 (Post 22163574)
thank you for the information. I always thought that the only safe money was in my pocket.

this whole "revolution" cryptocurrency looks like HYIP and the Argentine pyramid.
There are over a thousand imaginary currencies at the moment.
Behind some of them is the mafia and gangsters and other shit?

When everyone is doing an ICO, you know it is bullshit.

DraX 01-13-2018 08:07 PM

Quote:

Originally Posted by gnawledge (Post 22163565)
I invested in Ripple, Stellar or whatever it is and something else. I have to say Bitcoin, Ethereum, and Monero are just safe. Screw the other ones.

Both ripple and stellar have closed deals with other firms for services they offer, they show promise and I have invested in them as well.

You should add litecoin to your safe list :)

DraX 01-13-2018 08:14 PM

Quote:

Originally Posted by slapass (Post 22163013)
You have to wonder what the end game is? Very few people “use” any of these coins and yet BTC has a market cap equal to the GDP of Egypt. So what happens when all of the coins locked in someone’s hard drive come pouring out and their is no real expanding use to suck them up?

In the end if any of these coins going to survive, it's the ones who sell or offer a service connected to the coin/blockchain. We're still in an early phase and 2018 will most certainly reveal if there's any potential or if it's just a hollow empty industry being boosted by speculators.

onwebcam 01-13-2018 11:46 PM

Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes

https://news.bitcoin.com/kucoin-issu...s-40x-crashes/

Be careful out there folks..

beerptrol 01-14-2018 05:19 AM

When I see a whale pumping a coin I want to buy

https://media.giphy.com/media/3o6ZsV...9tPG/giphy.gif

mce 01-14-2018 05:38 PM

What % crash would convince you that Bitcoin and crypto won't bounce back? For me, it's 90%


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