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Discussion in 'Anything Goes' started by edgarf76, Nov 28, 2017.
For the record I started buying in at €0.17 ($0.20) so already sitty very pretty.
I am quitting this thread, every time I post Ripple drops 5% ffs
I'm waiting until coinbase announces if they're going to list it on their exchange or not.
Hey, it must just be a coincidence
I hope it picks up for you again very soon.
Of course that is always the key question. Ask yourself whether you are investing or gambling. If you are investing then you should understand the technology, the motivations behind it, and the long term goals and you should have an estimate of the chances of those things succeeding and the value of the investment if they do. I'm not seeing a lot of that here and elsewhere with all the coin pumping going on, and in the case of ripple there seems to be a fundamental lack of cognisance of the fact that their tokens are not even intended to be a currency - i.e. they aren't in competition with BTC, LTC, VTC, Dash, Monero etc.
If on the other hand you are just gambling then you should have your target win just like when you go to the casino and when you hit it that's when you know to cash out. Easier said than done of course!
Re Ripple on coinbase: current CB policies do not allow it to be listed there due to its pre-mine and company ownership stake in the tokens. That's not to say that won't happen but they would need to change their policies to allow it.
Could you point to where we can read this please
Sods law isn't it!
I told a mate how much one of my portfolios was worth last night... 30 minutes later it had dropped over $500
(And that was NOT including Ripple).
My other good buy was FunFair - up to nearly 3x my buy price today...
Interesting. Isn't it?
Look up "GDAX digital asset framework". Ripple definitely fails the criteria in the 1.1. decentralisation section and possibly also
- 6.1 token utility i.e. there isn't really a compelling reason why the token exists aside from fundraising.
- 6.1 inflation i.e. total supply is capped but the majority is not available for trade as ripple owns them.
- 6.2 team ownership, as above.
That is a regular dose of paranoid tin-foil hat stuff from zero hedge, which is famously said to have predicted all 200 of the last 2 recessions. Take anything you read there with a huge grain of salt.
That said, multiply a Ripple token price of ~$3 out by the 100 billion that exist and this company's tokens are worth ~$300 billion, and we know they control at least 60% of them. There are probably fewer than 10 publicly traded companies in the world valued at more than $300b.
Latest CoinBase blog all but refutes the XRP idea...
I have a question for you UK based crypto-experts. If I were needing to get my hands on some ETH for a transaction in the next couple of days, how would I go about that from the UK?
I've got a few bits and bobs of various coins here and there (FOMO and all that) but most of it has come from trading up (ok, playing around - good old ripple) an initial payment I was sent. Most of the exchanges seem to have low limits for new accounts (coinbase is only £500 / week for cards and an international bank transfer will take too long).
Any sites that are either UK based that can receive FPS transfers or accept cards for larger amounts?
Wish I could help - but I'm no expert in this field!
I have Ethereum in Kraken & Blockchain.info - but ALL my coins have come from Bitcoin payments from affy programs - I have never bought a single crypto-coin in my life - so I have no idea about limits.
As an aside, I feel like I already know you - but I don't think we've ever met...
Are you by any chance going to the CM meeting or LAC?
Would be nice to have a chat over a beer or three...
Big raids on the South Korean exchanges. Sent all the cryptos tumbling.
Yeah it does seem particularly difficult to get money into the cryptosphere (for example, I can't do a coinbase bank transfer as it's a joint account with the wife and they said it would reject).
I thought I'd have found a solution for those of us in the UK - revolut. It's the virtual banking app, but they've added recently crypto currencies (just BTC, ETH and LTC I think). However whilst you can buy and sell cryptos, you can't send them to other wallets, only exchange back to FIAT. So what seemed like a great solution (as you get your own UK account number for FPS payments and debit card payments are free), you can't use it for anything other than speculating.
Hoping they add this as an option soon...
If memory serves, we were briefly introduced at the meister meeting many many years ago. Probably 6/7 years ago?
I'll probably be at LAC one of the days (I'm london based anyway). Was going to skip it this year but there's someone I want to go and speak to.
I've not been on CM for ages, when's the MM this year?
MEISTER MEETING 2018!!
Yes, all members are invited to partake in three hours of jovial jubilation, live Irish musicians, and all you can eat and drink:
Tuesday 6 February 2018
14-16 Rupert Street, London. W1D 6DD
Time: 5pm - 8 pm
A password will be disseminated prior to the event so you can get in (keeping out the riff raff).
Cheers bud. I've not been to one in ages, maybe I'll swing by this year.
What is your opinion on betterbetting org and their idea to create a currency for online betting? Are there any competitors offering the same or a similar idea? Basically they intend to offer peer to peer sportsbetting without involvement of a bookmaker.
As far as I know, there is a "coin" (decentalized) with similar purposes, developed by KMD Platform:
Why would it need to be a separate meme coin? That's a lot of infrastructural overhead (and profit for instigators).
Using any of the major coins would seem a simpler option.
I like KMD, I have been following them a bit. There is already growing demand for decentralized exchanges. If you haven't already check out edgeless.io, the tech behind it will directly affect the online casino industry I believe.
I think the affiliate program would work by holding some of their coins... More like buying stock in the casino, but you can also earn coins by referring players, from what I understand.