Cryptocurrency mega-thread

[DangerSloane]

So impatient, where's my damn letter from BTC Markets LOL

Any other markets that are less long-winded to sign up to?

I never had to get a letter from BTC. Was set up within 24 hours (this was only back on 27th Dec)
Did take another 3 days to Bpay my way in though.

 

[NitroFan]

Is there anywhere to cash out XRP directly to AUS fiat?

 

[funk44]

Is there anywhere to cash out XRP directly to AUS fiat?

BTC Markets?

 

[L_W_P]

Is there anywhere to cash out XRP directly to AUS fiat?

BTC Market.

If you have AUS driver's ID you can get setup in about 20 minutes. First deposit takes 24 hours to clear though... Price went up 0.30 while I waited Still happy I got in when I did.

XRP going to be YUGE!

 

[funk44]

Anyone on the TRON train?

XRP is going absolutely mental

 

[jezzajay]

Anyone on the TRON train?

XRP is going absolutely mental

I'm on both....toot toot....

 

[Embleberry]

ADA and XRP. Yeah baby!! STEEM killing it too lately

 

[Cuzdup]

Anyone on the TRON train?

XRP is going absolutely mental

Yeah man and I love Tron

 

[Cuzdup]

TRX up 70%

 

[juss]

I am waiting for my letter from btcmarkets too badbeats
Also, has anyone else noticed BTCmarkets is now more expensive to buy from than Coinspot?
Just checked and the buyprice is more on BTC

 

[Gene Simmons]

BTC Market.

If you have AUS driver's ID you can get setup in about 20 minutes. First deposit takes 24 hours to clear though... Price went up 0.30 while I waited Still happy I got in when I did.

XRP going to be YUGE!

When I first started looking into it XRP was hovering around 0.34, by the time I made the decision, signed up to BTC Markets, it jumped to $1.40 within the week... and by the time my bpay cleared it dropped and I got in at 0.98... Only invested $200, but am not gonna complain with x4 growth in 3 weeks

I've considered taking out my initial $200 so I'm only left with "FREE" money... Or am I better off to just leaving it all and seeing where this Ripple train goes??

 

[funk44]

When I first started looking into it XRP was hovering around 0.34, by the time I made the decision, signed up to BTC Markets, it jumped to $1.40 within the week... and by the time my bpay cleared it dropped and I got in at 0.98... Only invested $200, but am not gonna complain with x4 growth in 3 weeks

I've considered taking out my initial $200 so I'm only left with "FREE" money... Or am I better off to just leaving it all and seeing where this Ripple train goes??

What did you do with the other $300?

 

[juss]

When I first started looking into it XRP was hovering around 0.34, by the time I made the decision, signed up to BTC Markets, it jumped to $1.40 within the week... and by the time my bpay cleared it dropped and I got in at 0.98... Only invested $200, but am not gonna complain with x4 growth in 3 weeks

I've considered taking out my initial $200 so I'm only left with "FREE" money... Or am I better off to just leaving it all and seeing where this Ripple train goes??

Supposedly when it lists on Coinbase its going to rocket

 

[cryptor]

I am waiting for my letter from btcmarkets too badbeats
Also, has anyone else noticed BTCmarkets is now more expensive to buy from than Coinspot?
Just checked and the buyprice is more on BTC

“Expensiveness” to me is more about the fees. BTCmarkets better than Coinspot there. But you obviously have a lot more coins available to trade with at Coinspot.

There’s often variations in the buy and sell prices between the different sites. Particularly when there’s lots of activity like today. I believe that’s because you’re effectively just trading with other members of that site and are effectively part of a micro economy there. The prices are going to remain within a close range of each other though as people aren’t going to continue to buy XRP at $4.30 when it’s available at $4.20 elsewhere.

I remember before Xmas when BTC was going crazy that the price of it was a full couple thousand more on Coinspot than BTCm at times. Not sure if there’d have been anything stopping someone buying a heap of BTC on BTCm @~$21k, sending it to their Coinspot wallet and then selling it right away at the higher price @~$23k.

 

[cryptor]

Thing to keep in mind with XRP is that it is just the coin/token the Ripple network uses. It apparently doesn’t require it at all to work (though the full benefits are achieved if it is).

So my concern is that if the price of XRP becomes “too high” then could suddenly all these banks no longer fancy utilizing the XRP coin at all (as the cost of acquiring them doesn’t justify the benefits of having them) and opt to just use the Ripple network without the XRP coins? - effectively making them worthless.

But then if that happens it could cause them to backflip again and pick up XRP coins at a much cheaper price. Just might be a lot of people who lose a lot in the process. Brave people who would ride that out may stand to make a lot from the fear of others. Something to consider I guess.

 

[L_W_P]

When I first started looking into it XRP was hovering around 0.34, by the time I made the decision, signed up to BTC Markets, it jumped to $1.40 within the week... and by the time my bpay cleared it dropped and I got in at 0.98... Only invested $200, but am not gonna complain with x4 growth in 3 weeks

I've considered taking out my initial $200 so I'm only left with "FREE" money... Or am I better off to just leaving it all and seeing where this Ripple train goes??

Im in for a bit more than that and I got in at a higher price point that you did.

If you are desperate for the cash then make the move but I'm sitting here and riding this wave right through 2018. If Ripple takes off with the banks as expected we could be talking $50, $60... Some say over $100 a coin by the end of the year easily.

 

[Gene Simmons]

What did you do with the other $300?

I only Bpay'd $200 and it went through.. Hindsight says I should have gone the full $500

 

[Gene Simmons]

Im in for a bit more than that and I got in at a higher price point that you did.

If you are desperate for the cash then make the move but I'm sitting here and riding this wave right through 2018. If Ripple takes off with the banks as expected we could be talking $50, $60... Some say over $100 a coin by the end of the year easily.

That will be nuts!! Naturally greed will kick in and if it did reach $100, rather than cash out I'll be hoping it can grow to $200....and so on and probably never cash out

 

[funk44]

Im in for a bit more than that and I got in at a higher price point that you did.

If you are desperate for the cash then make the move but I'm sitting here and riding this wave right through 2018. If Ripple takes off with the banks as expected we could be talking $50, $60... Some say over $100 a coin by the end of the year easily.

No way... not with the volume of tokens increasing at 1 billion each month on the first of each month. If that value happens then the Ripple owners (who own about 60% of all tokens) would become the world first trillionaires

Edit: Happy to be proven wrong though

 

[Gene Simmons]

No way... not with the volume of tokens increasing at 1 billion each month on the first of each month. If that value happens then the Ripple owners (who own about 60% of all tokens) will become the world first trillionaires

There has to be a first someday

 

[cryptor]

Im in for a bit more than that and I got in at a higher price point that you did.

If you are desperate for the cash then make the move but I'm sitting here and riding this wave right through 2018. If Ripple takes off with the banks as expected we could be talking $50, $60... Some say over $100 a coin by the end of the year easily.

There are 100 billion ripple coins though. So to hit those values we’d be talking trillions of dollars being involved. Could happen I guess, crypto’s continue to surpass everyones expectations.

 

[YippeeYiYeo]

There has to be a first someday

Thats exactly my thinking. This blockchain technology is the future and all the usual parameters in trading are being thrown out the window. The term "marketcap" is also a bit misleading IMO, and should just be marketpoint. Its not a cap on anything.

 

[Affidavit]

Thats exactly my thinking. This blockchain technology is the future and all the usual parameters in trading are being thrown out the window. The term "marketcap" is also a bit misleading IMO, and should just be marketpoint. Its not a cap on anything.

Not really, it stands for market capitalisation not a hard cap as such.

 

[L_W_P]

No way... not with the volume of tokens increasing at 1 billion each month on the first of each month. If that value happens then the Ripple owners (who own about 60% of all tokens) would become the world first trillionaires

Edit: Happy to be proven wrong though

Oh it is certainly a pipedream at the moment but of all the widely available coins on the market there are very few with backing like Ripple has. People are going to hype it like nobody's business but in reality it is only going to keep moving up in the long term.

 

[YippeeYiYeo]

That will be nuts!! Naturally greed will kick in and if it did reach $100, rather than cash out I'll be hoping it can grow to $200....and so on and probably never cash out

Yeah ive watched a couple of videos on when to cash out or take profits and there is a school of thought that after 5x gains that you take 5% profits and leave the other 95% in there. Others wait for 10x gains and take bigger profits. Guess no matter where you draw the line that its important along the way to convert a small percentage of your investment into fiat just for the purpose of paying back your initial investment and then later on protecting yourself against any market crash.

Im still quite a way off having 10x gains though.