Cryptocurrencies Part II - No more forks for you

[The Crypto Guy]

Seeing comments above I feel a lot of people will get wrecked.

Explain please.

 

[What the Faulk]

Well I mean, like I said before I don't actually put up any more money than I'm willing to lose anyway. I have a job and a pension and I'm not using this as some kind of retirement plan. It's just more of an educated gamble.

With that said you're probably right.

Still, the value of Ripple isn't going to be solely determined by the amount in circulation. That amount is going to be heavily hedged as soon as banks and larger companies get involved in a big way (someone or an organization just bought 900m XRP for example). In tandem with this higher prices make payments cheaper; big companies (and individuals) looking to move big sums of money will benefit from a higher value of any currency they use because of the volume of movement. The large buy above is just the beginning as many institutions and companies will need to hold large stores of XRP to provide and control liquidity; right now the market value is mostly being driven by speculation as opposed to a heavy supply/demand.

Right, and there's a lot of valid reasons to be excited about Ripple, but you have to understand that there are a lot of coins out there that are gaining partnerships and have millions of dollars being poured in with more room for growth. You have to keep your expectations realistic.

 

[phisherman]

Explain please.

More about the Ripple comments. Lots of new money coming in. People looking at price and thinking it will go up 390240923599320590%.

 

[The Crypto Guy]

More about the Ripple comments. Lots of new money coming in. People looking at price and thinking it will go up 390240923599320590%.

Oh, yea that's just the one guy. The rest of us are trying to tell him that it won't happen lol.

 

[void]

Bought some Tron because why not. It's pumping like mad and people are going crazy for it for some reason.

 

[ScottishCanuck]

I ended up in the unfortunate position last month where I had to sell everything to pay the last of my student debt off, so I was pretty disheartened when I saw the massive bitcoin increase.

Put $200 worth back in this week and I just sold PHR for 5x what I bought in at. Not a bad start. Time to start building my portfolio again.

 

[TheDoldrums]

I mean it's really a bigger discussion than that but at the end of the day Ripple can do everything that BTC can do only better, faster and more secure.

Patently absurd.

 

[The Crypto Guy]

NEO is flirting with $60, put a nice chunk of money down on that at around $8. Thank you for that tip GM!

 

[What the Faulk]

The alts are starting to fly. OMG, LSK (glad I was able to buy back in after my adventures in arbitrage yielded a 10% gain to my stack), BNB, and NEO look like they're at ATHs and up significantly since the BTC run. WTC and I think VTC are near ATHs and are pretty much where they were before all the money starting pouring into Bitcoin. Walton I know should be nearing a major release, and it's the one I think a lot of people are excited about so I think it could explode soon.

 

[The Crypto Guy]

The alts are starting to fly. OMG, LSK (glad I was able to buy back in after my adventures in arbitrage yielded a 10% gain to my stack), BNB, and NEO look like they're at ATHs and up significantly since the BTC run. WTC and I think VTC are near ATHs and are pretty much where they were before all the money starting pouring into Bitcoin. Walton I know should be nearing a major release, and it's the one I think a lot of people are excited about so I think it could explode soon.

NEO is now almost at $70, more than doubled what it was at the start of the month. Same with OMG. Good times for the Alts!

 

[void]

My portfolio has doubled in value in the last two days. I'm not sure if I should feel happy or terrified or both. The market is insane right now.

 

[The Crypto Guy]

My portfolio has doubled in value in the last two days. I'm not sure if I should feel happy or terrified or both. The market is insane right now.

Ether up to $785, Neo $75...this is crazy. My portfolio is incredibly high right now that it's almost a dream.

 

[The Crypto Guy]

9 Months ago:

Invest in Ether if you wanna make some real money!!!

Going to overtake Bitcoin eventually. Bought in at a couple thousand when it was at $12. Kicking myself that I didn't put a TON more in. At $52 now...and it's just the start.

This guy knew

Ether at almost $850 at the moment.

 

[void]

You guys think Neo will be the next "big" one? Is $200-300 realistic?

 

[The Crypto Guy]

You guys think Neo will be the next "big" one? Is $200-300 realistic?

It absolutely could. Definitely one of the ones that has the most potential to be one of the next big ones.

I bought about 800 of them when they were under $10.

 

[void]

It absolutely could. Definitely one of the ones that has the most potential to be one of the next big ones.

I bought about 800 of them when they were under $10.

I'm holding some as well and I'm debating whether I should throw in another couple thousand. I have a feeling that it'll explode once it hits $100. I'm also not sure if I should buy now or wait for the price to go down some more. Everything is so hard to predict now...

 

[Kelly]

BCH on coinbase

 

[void]

BCH on coinbase

The pump that's happening right now is INSANE

 

[Kelly]

The pump that's happening right now is INSANE

Coinbase has it at 8500 at the moment

 

[What the Faulk]

Weird, I was told BCH was a pump and dump back when it was like $800. Still waiting for the dump.

 

[The Crypto Guy]

Weird, I was told BCH was a pump and dump back when it was like $800. Still waiting for the dump.

You realize that was a glitch right and coinbase halted all BCH trading 4 minutes after it went live so nobody was acutally trading at that price..right? Or you continue to do no research?

You still have no clue with a pump and dump is.

 

[ScottishCanuck]

I've not done too well today at all.

 

[What the Faulk]

I've not done too well today at all.

What are you in? Most of my portfolio is red right now too (it happens) but WTC is on a solid little run with a slew of news ready for release in the next two months or so.

 

[The Crypto Guy]

My portfolio is VERY green.

Ether, NEO, Golem, Ripple and OMG leading the way.

 

[What the Faulk]

I've always said my ignore list is temporary, but if you're going to continue to lie for the sake of lying, well then why would I take you off? ETH, NEO, and OMG are still up over the last week or so, but they are definitely not green over the last 24 hours.

Also LOL at you trying to turn back at me "you don't know what a pump and dump is!" when you I've already called you out on that several times, and you've pretty well conclusively proven that to be true. Back to timeout you go.

Be careful about listening to that dude. He struck gold early with ETH just like everyone else, but has otherwise made some pretty suspect posts.