sharetrader
Page 2 of 2 FirstFirst 12
Results 16 to 23 of 23
  1. #16
    Banned
    Join Date
    Apr 2017
    Posts
    1

    Default

    Quote Originally Posted by SimonHouse View Post
    I like the concept, but because of the unsavoury aspects of what bit/lite/dogecoins have been used for, I won't use bitcoins or any other crypto-currency until I can pay my taxes with them. I'll consider it legitimate then.
    I assume you don't use cash due to the unsavory aspects of what it's been used for? That's just pathetic propaganda use to influence sheeple.

  2. #17
    Member
    Join Date
    Mar 2013
    Posts
    110

    Default

    Hi --

    I recently bought some crypto currency. It's called Ripple and the token is called XRP. Currently it has the 4th largest crypto market cap.
    Ripple / XRP has a real world purpose, unlike (debatably) most of the other cryptocurrencies Ripple is out to disrupt the incumbents of cross border transactions.

    The idea is that banks will use the XRP currency along with Ripple's technology to settle cross border transactions in seconds vs the current settlement time which as everyone knows, is measured in days. Aside from speed, there is another huge advantage to Ripple. Banks can free up dead capital held in nostro accounts if they use XRP as the conversion currency.

    If you want to compare to something like Bitcoin (BTC).. The common analogy is that BTC is like the mySpace or AOL of cryptocurrency. Great if you were in at the start, but was quickly surpassed by better solutions. In this analogy Ripple is Google or Facebook.

    Continuing with the comparison, BTC simply doesn't scale. Transactions take a long time -- already nearly half an hour to settle I believe -- and it's getting worse. Also, a huge amount of Bitcoin is also controlled by 5 pools. Over 51 percent from memory. This is the opposite of decentralization which is what bitcoin was meant to be a champion of in the first place. Right now, Ripple own a large portion of XRP. But they have a plan to make it much more decentralized, even than BTC.

    Anyway thought I'd share! Be interested to hear if anyone's been looking at Ripple or other cryptocurrencies lately.
    Last edited by AndyLP; 10-11-2017 at 06:39 AM.

  3. #18
    A BEARISH BULL winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    26,500

    Default

    Bitcoin Gold being mentioned in a twitter feeds etc

    Any good?
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  4. #19
    Member
    Join Date
    Mar 2013
    Posts
    110

    Default

    Well, some fun XRP (Ripple) news today. Partnership with American Express
    https://www.coindesk.com/american-ex...r-ripple-tech/

    Twitter is enjoying it. Pictures of rocket ships taking off and everything.
    All very frothy!

    #xrpthestandard is the going saying.

  5. #20
    Member Pumice's Avatar
    Join Date
    Jul 2009
    Location
    Brisbane
    Posts
    313

    Default

    BTC under 3500
    ETH under 100
    Has been an epic meltdown

  6. #21
    Guru
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    3,931

    Default

    Quote Originally Posted by Pumice View Post
    BTC under 3500
    ETH under 100
    Has been an epic meltdown
    Tis all a pile of worthless nothing. I see ETH nearly under 90 and Ripple nearly into the 20's. On top of that Tether is threatening to become the 5th largest Crypt by Capitalisation.

  7. #22
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,234

    Default

    I must confess some shame about starting this thread however I did fully disclaim in the 5th post

    Quote Originally Posted by peat View Post


    I have no idea whether its a tulip or not and it doesn't really matter to me - just having some fun . I would never recommend it to anyone else , the risks are too high.
    For clarity, nothing I say is advice....

  8. #23
    Member
    Join Date
    Sep 2000
    Location
    Wellington, , New Zealand.
    Posts
    424

    Default

    Hi guys. Haven't been on here for a while. Has anybody given any thought to going long on crypto given all the loosening of monetary policy around the globe in the wake of COVID-19?

    The inflationary pressure this will exert on any asset with a fixed supply might be something the world might not have seen before.

    I suspect it will be a good decade to go long on assets with intrinsic value.

    Disc: Small amount of BTC

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •