Current Events > Crypto General #7: This is what sodomy smells like

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CiIantro
12/31/17 2:07:19 PM
#401:


@Turtlebread posted...
Ripple is all just hype. It is a single-use token for transaction settlement, and all the banks they like to tout as signing on with them are just looking at it on an exploratory basis. From what I have read, none are actually serious about using their product. Not even close.

every coin on cmc is hype, none of them have widespread robust usage in society right now
but anyway at least ripple has big institutions looking into it
https://www.ft.com/content/2f595696-ecb4-11e7-bd17-521324c81e23

Once the banks decide they don't want significant operations to rely on a single tech startup, the currency will be pretty much worthless. Ripple's technology is single use, compared to something like the Ethereum network which can be used for anything. It is like comparing one app to an entire app store.

I love cryptokitties man

Institutions will never hand over the keys to Ripple. It will never happen, and it will never be added to Coinbase. Coinbase has flat out said they will only list decentralized cryptocurrencies. Ripple is a centralized transaction settlement token. It does not meet their requirements.

And ETH actually has companies using their framework for operations already. It isnt some nebulous gamble like Ripple. Source below.
https://www.coindesk.com/ubs-launch-live-ethereum-platform-barclays-credit-suisse/

And I love cryptokitties too. It shows that ETH apps can go viral, and was a useful stress test on the system. ETH is up 50% since cryptokitties. The Proof of Stake ETH system upgrade will roll out this year and will increase the number of possible transactions per second by 10+ times, making it the first viable cryptocurrency on a large scale.
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beechesfreeman
12/31/17 2:16:39 PM
#402:


wabi finally rebounding

should have been stocking up on its down cycle
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Grandad Beaches Freeman
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Nostradumbass
12/31/17 2:17:52 PM
#403:


beechesfreeman posted...
Sold my POE for XVG, trying to ride the wave

whats next to explode

I really like poet too. I'd look into sia, golem, bat, req
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Turtlebread
12/31/17 2:24:22 PM
#404:


we all know coinbase is the most reputable exchange ever
anyway even if coinbase keeps their word, ripple is not, and won't be, as centralized as most people think

https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/

people just hear the words 'banks' and 'escrow' and switch off their brains

that link you posted is great for Eth, if the pilot goes well
ripple has already made partnerships like this though

https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html

also I wouldn't bring up comparing number of eth transactions with ripple
xrp payment channels are able to perform 70 000 transactions every 3.5 seconds
I mean how many can eth handle right now? 15 max? even if you multiply that by 50 it wouldn't be viable for mass commerce adoption.
but that's a totally moot point because that was never the aim of eth anyway

I have nothing against eth, it's a good platform, it's only that you seem to think it can outperform specialized cryptos that fill lucrative niches
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closetkpopfan
12/31/17 2:46:34 PM
#405:


I have like 20k Siacoin that I bought when it was like worth half a penny, been wanting to up that to like 50k or 100k coins. The NXT failure really put a wrench in my plans, did not make as much profit as I hoped. Hopefully Ignis will make up for it, it's listed as worth almost $15 a coin lol, but I expect that's total bull **** and it will be under a dollar when it actually gets released.
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AlternativeFAQS
12/31/17 2:47:39 PM
#406:


closetkpopfan posted...
I have like 20k Siacoin that I bought when it was like worth half a penny, been wanting to up that to like 50k or 100k coins. The NXT failure really put a wrench in my plans, did not make as much profit as I hoped. Hopefully Ignis will make up for it, it's listed as worth almost $15 a coin lol, but I expect that's total bull **** and it will be under a dollar when it actually gets released.


get more sia
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closetkpopfan
12/31/17 2:50:37 PM
#407:


AlternativeFAQS posted...
get more sia


I plan to, hopefully it explodes like verge or ADA in 2018. I've been waiting for bitcoin to go back up before I buy in to other things some more, so hopefully it starts going up soon and all the alts start dipping.
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Turtlebread
12/31/17 3:22:28 PM
#408:


req is making me so hard rn
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CapnMuffin
12/31/17 3:42:32 PM
#409:


Turtlebread posted...
req is making me so hard rn

Hnnng

Almost made 10K on this rise. Still going.
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"its okay a lizard ate me and elucidated my fate" - MJ_Max on Dark Souls
3DSFC : 0860-3930-2170 | NNID : CapnMuffin | XBGT : Capn Muffin
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Antifar
12/31/17 3:44:58 PM
#410:


Are we expecting the big coins to drop heavy tomorrow with the new year or what?
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kin to all that throbs
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AllStar_09
12/31/17 4:11:30 PM
#411:


Whats good about siacoin?
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I told my step-father that "I'd rather be homeless than live with you". He laughed, and then promptly beat my ass. - OblivionEssence
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CiIantro
12/31/17 4:12:17 PM
#412:


Turtlebread posted...
I have nothing against eth, it's a good platform, it's only that you seem to think it can outperform specialized cryptos that fill lucrative niches

I just think the current valuation is unjustified, and a lot of people will be left holding the bag if news like this is accurate:
https://www.finder.com.au/ripple-leak
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#413
Post #413 was unavailable or deleted.
kinetika_
12/31/17 4:28:01 PM
#414:


Can Req hit $20+ or will it be one of those coins that gets stuck in the $5 - $10 range? If the latter, I'm not buying anymore but if it can do something like XRB did, then I'll buy some more before the day's up.
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PSN: PurifyNothing
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Turtlebread
12/31/17 4:33:50 PM
#415:


kinetika_ posted...
Can Req hit $20+ or will it be one of those coins that gets stuck in the $5 - $10 range? If the latter, I'm not buying anymore but if it can do something like XRB did, then I'll buy some more before the day's up.


how can anyone know
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kinetika_
12/31/17 4:37:40 PM
#416:


People seem to be basing all the price speculations on marketcap, circulation, etc., and they've been pretty accurate with it. I know I've read that ripple could never hit the hundreds because of marketcap.
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PSN: PurifyNothing
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Turtlebread
12/31/17 4:46:20 PM
#417:


kinetika_ posted...
People seem to be basing all the price speculations on marketcap, circulation, etc., and they've been pretty accurate with it. I know I've read that ripple could never hit the hundreds because of marketcap.


if req had XRBs market cap it would be about $5
if it had ripples market cap it would be $140

I think req can make it into the top 20, maybe the top 10 max.
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0AbsoluteZero0
12/31/17 4:46:23 PM
#418:


kinetika_ posted...
Can Req hit $20+ or will it be one of those coins that gets stuck in the $5 - $10 range? If the latter, I'm not buying anymore but if it can do something like XRB did, then I'll buy some more before the day's up.

Its conceivable that REQ could hit $20+ if it really takes off. Price = Market Cap/Supply. With a max supply of one billion, REQ would need a market cap of 20 billion to reach $20/coin. There are already 5 coins that have reached or surpassed a 20 billion market cap, so its potentially doable.

REQ is currently #62 with 385 million. You can check the current market capitalization list at https://coinmarketcap.com/
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-The Admirable
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KainWind
12/31/17 5:45:47 PM
#419:


I know we're supposed to be looking at market cap instead of price, but can someone explain why? I know how to calculate it, but that doesn't tell me anything about room to grow or anything. I'm also led to believe that nothing is allowed to pass Bitcoin's market cap.
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BignutzisBack
12/31/17 5:56:05 PM
#420:


ooooo yeah Verge back up to .23

if Wraith comes through tonight we're pushing .50 by this time tomorrow
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0AbsoluteZero0
12/31/17 5:59:17 PM
#421:


KainWind posted...
I know we're supposed to be looking at market cap instead of price, but can someone explain why? I know how to calculate it, but that doesn't tell me anything about room to grow or anything. I'm also led to believe that nothing is allowed to pass Bitcoin's market cap.

The price of a coin is a function of its market cap and the number of coins in circulation. Price = Market Cap/# of coins available.

Therefore, a higher market cap means a higher price per coin. At the same time, a lower number of available coins results in a higher price per coin than a large circulation.

You need to look at both potential market cap and number of coins available to estimate how high a coin might go. The reason Ripple will have trouble gaining a really high price per coin is because it has a 100 billion coin supply. For comparison, Bitcoins max supply is 21 million, a low number that helps it maintain a high price per coin.
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-The Admirable
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KainWind
12/31/17 6:17:45 PM
#422:


The potential market cap is the part I don't get. What's stopping it from going crazy?
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NightMarishPie
12/31/17 6:29:14 PM
#423:


Antifar posted...
Are we expecting the big coins to drop heavy tomorrow with the new year or what?

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"Who dares, wins"
3DS FC: 1521 3697 7272
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0AbsoluteZero0
12/31/17 6:30:06 PM
#424:


KainWind posted...
The potential market cap is the part I don't get. What's stopping it from going crazy?

Nothing really, its only limited by how much people are willing to put down on these coins.

Right now Bitcoins market cap is $236 billion. If crypto technology really takes off and becomes fully mainstream, its possible that in another year or two Bitcoin could have a market cap of several trillion, with 10 or more other cryptos surpassing the $236 billion cap that BTC currently has.

Its hard to say with any certainty just how fast the market will grow going forward with so many variables coming into play.
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-The Admirable
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clearaflagrantj
12/31/17 7:13:35 PM
#425:


XRB is dominating the Binance vote at 50%, next closest candidate is 25%.

XRB will be a top 10 coin within weeks.
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FLUFFYGERM
12/31/17 7:32:29 PM
#426:


NightMarishPie posted...
Antifar posted...
Are we expecting the big coins to drop heavy tomorrow with the new year or what?


not necessarily. people might delay taking profits until the beginning of 2018 so they dont have to pay taxes on it for the 2017 year, but people will also be buying in anticipation of that. hard to say what will happen but i think things will continue to grow
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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0AbsoluteZero0
12/31/17 7:33:57 PM
#427:


clearaflagrantj posted...
XRB is dominating the Binance vote at 50%, next closest candidate is 25%.

XRB will be a top 10 coin within weeks.

Agreed. Its a great technology with instantaneous transactions and no fees. The major thing holding it back was not being listed on a good exchange, as evidenced by it soaring by 90% after it became clear it was going to win the Binance vote.

Im impressed that its already pushing a 3 billion market cap considering what you have to go through to get it. The skys the limit now. Im glad you guys pointed me towards XRB before it took off
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-The Admirable
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wallmasterz
12/31/17 7:37:40 PM
#428:


Do you think it's worth me signing up for bittrex to buy some XRB? Is bittrex even allowing new members right now?
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I need to update my signature.
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BignutzisBack
12/31/17 7:44:41 PM
#429:


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0AbsoluteZero0
12/31/17 7:45:17 PM
#430:


wallmasterz posted...
Do you think it's worth me signing up for bittrex to buy some XRB? Is bittrex even allowing new members right now?

Right now the only exchanges with XRB are BitGrail and Mercatox. I got mine on BitGrail.

Id wait for a dip before buying now, though. Its gone from 12 a coin to over 21 today on the Binance news.
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-The Admirable
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#431
Post #431 was unavailable or deleted.
ArchangelBaruch
12/31/17 9:25:01 PM
#432:


27_Sandman_40 posted...
Wraith build is done. Should be out within the next 30 minutes.

Move your alts to XVG tonight and feel free to move the gains back into your alts when they reach their dip. XVG going to the moon tonight.


Too late, I'm on a NYE party.

Let's see chaos unfold.
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#433
Post #433 was unavailable or deleted.
Prost1278
12/31/17 9:33:33 PM
#434:


27_Sandman_40 posted...
Wraith build is done. Should be out within the next 30 minutes.

Move your alts to XVG tonight and feel free to move the gains back into your alts when they reach their dip. XVG going to the moon tonight.

I'm trusting you on this.
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Cash rules everything around me
Knicks - Giants - Yankees
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ArchangelBaruch
12/31/17 9:33:46 PM
#435:


Don't have a Binance account, only Coinbase and Bittrex.

I've literally been 48h in this altcoin madness.
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-GalacticBass-
12/31/17 9:33:46 PM
#436:


How can it possibly moon in one night with such a massive market cap?
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Perfect_Edge
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KainWind
12/31/17 9:52:56 PM
#437:


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AlternativeFAQS
12/31/17 9:58:15 PM
#438:


so how long is this moon supposed to take?
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Dragon239
12/31/17 9:59:57 PM
#439:


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clearaflagrantj
12/31/17 10:00:46 PM
#440:


-GalacticBass- posted...
How can it possibly moon in one night with such a massive market cap?

Tell that to Ripple lmao
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clearaflagrantj
12/31/17 10:06:33 PM
#441:


Also hate to be the bearer of bad news but Wraith is probably already priced in
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-GalacticBass-
12/31/17 10:06:55 PM
#442:


lol I don't think this moon is happening
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Perfect_Edge
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AlternativeFAQS
12/31/17 10:08:05 PM
#443:


yeah verge is going down
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Turtlebread
12/31/17 10:11:34 PM
#444:


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Prost1278
12/31/17 10:14:35 PM
#445:


REEEEEEE

muh money
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Cash rules everything around me
Knicks - Giants - Yankees
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KainWind
12/31/17 10:18:12 PM
#446:


clearaflagrantj posted...
Also hate to be the bearer of bad news but Wraith is probably already priced in

If I didn't buy into it it would be over $0.30 by now. Sorry everyone.
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The_Juice_
12/31/17 10:22:47 PM
#447:


Prost1278 posted...
27_Sandman_40 posted...
Wraith build is done. Should be out within the next 30 minutes.

Move your alts to XVG tonight and feel free to move the gains back into your alts when they reach their dip. XVG going to the moon tonight.

I'm trusting you on this.


Don't trust Kanjo on anything
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Broncos l Raptors l Dodgers l Maple Leafs l UCLA
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GoSteelers
12/31/17 10:23:10 PM
#448:


gaycoin is the future
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Turtlebread
12/31/17 10:42:40 PM
#449:


GoSteelers posted...
gaycoin is the future


where can i buy
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AlternativeFAQS
12/31/17 10:45:11 PM
#450:


Turtlebread posted...
GoSteelers posted...
gaycoin is the future


where can i buy

cryptopia
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