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  1. Senior Member GeekyChick's Avatar
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    #26
    p@r0TuXus, it's really interesting for sure I just don't know if I have the stomach for investing much $ into it yet. I could see it if I wanted to just take my chances and make a quick buck but there's sure a lot of risk involved. As for the technology, I think it's fascinating and the way I see our currency heading.
    Before I do anything I ask myself, "would an idiot do that?" and if the answer is yes I do not do that thing. Dwight Schrute
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  3. There is no spoon. p@r0tuXus's Avatar
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    #27
    I can't claim to be a guru with cryptocurrency but as a guy who passed on $7500 worth of bitcoin when it was at $2.50 a coin, I'm not ignoring it ever again. I didn't pay attention to any other coins until I heard about Ethereum. Missed that train too, when it was at $17 a coin. I started hitting youtube and different forums on these subjects within the last couple of months. Again, no guru, but I'm investing in Ripple. The technology is there, the leadership is experienced, the capital is there, the banks are signing onto it, and unless there's a huge banking crisis that ends all banking, it'll stick around and continue to be used unless a better competitor appears. The platform is moving towards decentralization and expansion of nodes quicker than any platform I've found and the price right now is at ~$.22 a coin. There are plans on the books to release the full number of coins by 2023. With what the coins are at now, judging by some of the trades you can see happening, if the coins ever hit $1,000 a coin so many people would make good money. If banks adopt it as the primary mode of transacting payments (within only seconds! vs. bitcoin or traditional banking methods), then consider a market cap equivalent to current global banking transactions. $1,000 a coin doesn't sound outlandish. Maybe within 10-15 years one could have tens of millions by investing today. Or it could go bust and you'd lose everything. I can spare the $1,000 today to find out.
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    #28
    I do not like Ripple because of the shear amount of coins. Ethereum is at $230 with 90 million in circulation. Doesn't ripple already have 1 billion out there? Scratch that, 38 billion it seems. Not an expert but I don't see it rising to a buck and passing Bitcoin market cap any time soon. It could never reach even ethereum levels really.

    BAT ico sold out in seconds. Whales gobbled them up. I don't think BAT will work anyway. It's too volatile and now the market is ruined with less than 200 people owning everything.

    Tezos looks very good though.
    Last edited by hurricane1091; 05-31-2017 at 04:45 PM.
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  5. They are watching you NetworkNewb's Avatar
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    #29
    Curious which do you like more p@r0tuXus. Ethereum or Ripple? I've just started looking into these this week, so I litterally barely know anything. But looks like the adoption and use of Ethereum, not to mention all the backers of of it, is so much greater and will just continue to grow. And Ripple is very far away from doing anything...
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    #30
    Talk me into ripple. Part of me says no way it goes to $10 and passes Bitcoin in market cap but I keep reading stuff today and it might be worth a few eth
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  7. There is no spoon. p@r0tuXus's Avatar
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    #31
    Had a book going so I had to condense. Again, not a guru, simply a spectator at best.I know not all will agree with me so please feel free to discourse but let’s keep it objective and this is not an attempt to change anyone’s mind or get anyone to buy anything.Okay…*take’s breath*

    According to
    http://coinmarketcap.com/Ripple is currently the #3 crypto currency in Market Cap with 20% of the cap Bitcoin has, and just under half the cap of Ethereum.Even though the total # of ripple is $100 billion, right now only 38 billion are in circulation, 6.46 billion are held by Ripple, and 55 billion are in escrow with a steady planned schedule to release 1 billion every month for 55 months starting after the end of this year.The coin is “currency agnostic,” as institutions, organizations, businesses and individuals buy ripple to trade those currencies around the world for fractions of the cost of traditional methods in only seconds, much faster than BTC and even faster than ethereum, https://ripple.com/xrp/ .While the nodes processing these are growing, the validator nodes will be secured and the company is moving the platform to be decentralized.There are all ready banks implementing it in 116 countries with 15 of the worlds’ top 50 banks.It integrates easily across institutions and liquidity providers, making money easier to get access to which has the potential to grow economy quickly.With almost $200 trillion worth of currency world-wide and a lot of other currencies inflating by rampant money printing and central-bank hyper-inflation, I can see institutions banding together under a decentralized platform that exchanges currencies anywhere without delay.Add on top of that the 1.2 quadrillion dollars in derivatives and the financial institutions around the world need a way out of eminent collapse and what easier way than digital currencies which they’re already invested in and can ensure have the safety and integrity to accommodate the convenience that will be required to promote acceptance and usage?When a country like India, with over a billion people, can go cashless overnight, the banks will look to make money off quick and cheap transactions.When that can be done world-wide and those banks that have all that currency (crypto coin) handle trillions of transactions daily (or even more, possibly), then the market cap of a crypto with 100,000,000,000 in supply could certainly reach great heights.How much?I have no idea.But at 20 cents, give or take, per coin right now?I can afford $1,000 to find out.
    Last edited by p@r0tuXus; 05-31-2017 at 07:57 PM. Reason: Grammer and such.
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  8. They are watching you NetworkNewb's Avatar
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    #32
    Thanks for the explanation! I'm not totally convinced in Ripple, but might throw a couple hundred at it in speculation and to gamble.
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    #33
    Quote Originally Posted by p@r0tuXus View Post
    Had a book going so I had to condense. Again, not a guru, simply a spectator at best.I know not all will agree with me so please feel free to discourse but let’s keep it objective and this is not an attempt to change anyone’s mind or get anyone to buy anything.Okay…*take’s breath*

    According to
    http://coinmarketcap.com/Ripple is currently the #3 crypto currency in Market Cap with 20% of the cap Bitcoin has, and just under half the cap of Ethereum.Even though the total # of ripple is $100 billion, right now only 38 billion are in circulation, 6.46 billion are held by Ripple, and 55 billion are in escrow with a steady planned schedule to release 1 billion every month for 55 months starting after the end of this year.The coin is “currency agnostic,” as institutions, organizations, businesses and individuals buy ripple to trade those currencies around the world for fractions of the cost of traditional methods in only seconds, much faster than BTC and even faster than ethereum,https://ripple.com/xrp/ .While the nodes processing these are growing, the validator nodes will be secured and the company is moving the platform to be decentralized.There are all ready banks implementing it in 116 countries with 15 of the worlds’ top 50 banks.It integrates easily across institutions and liquidity providers, making money easier to get access to which has the potential to grow economy quickly.With almost $200 trillion worth of currency world-wide and a lot of other currencies inflating by rampant money printing and central-bank hyper-inflation, I can see institutions banding together under a decentralized platform that exchanges currencies anywhere without delay.Add on top of that the 1.2 quadrillion dollars in derivatives and the financial institutions around the world need a way out of eminent collapse and what easier way than digital currencies which they’re already invested in and can ensure have the safety and integrity to accommodate the convenience that will be required to promote acceptance and usage?When a country like India, with over a billion people, can go cashless overnight, the banks will look to make money off quick and cheap transactions.When that can be done world-wide and those banks that have all that currency (crypto coin) handle trillions of transactions daily (or even more, possibly), then the market cap of a crypto with 100,000,000,000 in supply could certainly reach great heights.How much?I have no idea.But at 20 cents, give or take, per coin right now?I can afford $1,000 to find out.
    Yes, this sounds good. It's worth a shot. I'm still not convinced it can hit $5 within the next 2 years, but at a quarter a piece it's probably worth a shot.
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  10. There is no spoon. p@r0tuXus's Avatar
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    #34
    From yesterday to today it went up from .20/coin to .30/coin. That's return. There's a lot of people playing it like a regular pump-n-dump kind of game right now (watching the trades in and out). My roommate bought a few thousand coins Monday, sold them last night for a $120 profit, bought back in today with another 400 coins from the profit. I assume many people are probably doing this. There have been huge trades going in for tens of thousands, then they'll sell high, wait for the price to drop 5-10 cents and buy back in to take larger positions. Someone's making easy money off all the speculation. That's a fact.
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  11. Completely Clueless TechGromit's Avatar
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    #35
    Quote Originally Posted by NetworkNewb View Post
    Alright you guys got me interested. Just bought a couple Ethereum. You guys are a bad influence...
    Working on setting up an Ethereum account now. I think I'll buy a thousand dollars worth of Ethereum, and maybe a few hundred in Ripple and forget about them. Check them in a couple of years. If I lose it all, I'm not too worried, I lost more on the stock market in the last few years, whats the worse that could happen?
    Last edited by TechGromit; 06-02-2017 at 12:23 AM.
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  12. There is no spoon. p@r0tuXus's Avatar
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    #36
    TechGromit, I don't know which exchange you're going through, but some of them have pretty sleek interface to hardware wallets that you can use to store your bitcoins offline and off all exchanges. That'd probably be the most secure way to hang onto them. Devices like Ledger Nano are cheap and the size of a (big) flash drive. There's also Trezor which has good reviews.
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    #37
    How come there are people who have said ripple is a scam? Im finding that as a research. I consider you guys pretty smart. Do you think Ripple might really become something? I ask because I kind of want to throw $500 into and see what it does in a few years. I've read that many banks are jumping on board. That seems promising, even if that's not what the crypto's want
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    #38
    I'd edit my typos.. but i'm not sure how to edit on here yet "haha"
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    #39
    What exchanges are you using to trade these coins?
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  16. They are watching you NetworkNewb's Avatar
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    #40
    I bought the Ethereum on Coinbase. Feel like I could've done it cheaper elsewhere though... They just make it really simple.

    Someone correct me if I'm wrong, but wouldn't it be best to make an eWallet on a site than buy Ethereum on GDAX?

    You can't buy Ripple on those places I mentioned though.
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    #41
    Bitcoin at 2840 now. Up 150 just today wtf
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  18. There is no spoon. p@r0tuXus's Avatar
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    #42
    It was up twice that amount when I first got to work this morning. ^ $342
    Edit:
    I used Coinbase to buy my BTC, but when I got Ripple I went through Bitstamp. I just xferred my BTC over to Bitstamp XRP wallet address and then sold in $USD, then bought XRP. The fees transferring all that back over to Coinbase just to cash in profits were a pain though. Unfortunately, my Credit Union isn't recognized by Bitstamp (Bitstamp is EU based, I live in US and CU is small non-profit).
    Last edited by p@r0tuXus; 06-06-2017 at 10:13 PM.

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  19. Achieve excellence daily
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    #43
    Went to buy Ripple but Bitstamp isn't available in my state.
    When you go the extra mile, there's no traffic.
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  20. There is no spoon. p@r0tuXus's Avatar
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    #44
    Quote Originally Posted by NotHackingYou View Post
    Went to buy Ripple but Bitstamp isn't available in my state.
    Huh... That's interesting. If it's based on your bank, there may be nothing you can do about it. If it's based on the site not loading for your state, you might try a VPN server from another state or country. Maybe?

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  21. Senior Member
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    #45
    How do we feel about ARK?
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  22. They are watching you NetworkNewb's Avatar
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    #46
    Quote Originally Posted by hurricane1091 View Post
    How do we feel about ARK?
    Looked OK, I was looking for another crypto to test out instead of ETH (where I've been putting all my money) and went with BAT. Only $100 though, nothing crazy.
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    #47
    Quote Originally Posted by NetworkNewb View Post
    Looked OK, I was looking for another crypto to test out instead of ETH (where I've been putting all my money) and went with BAT. Only $100 though, nothing crazy.
    I went with ARK a little bit ago. The possibilities are strong, whether or not the implementation ever gets there is another story. Put 3 ETH on it. I considered BAT but decided against it since I can't see wide stream adoption, but maybe.
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    #48
    Yea, I agree I don't think BAT will be a long hold. Hoping the short term gains are there at the current price.
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    #49
    I believe BAT can create add-ons for browsers, but if someone like Firefox launched an official partnership with BAT, I believe it would go to the moon. Not sure if that will ever happen, but the possibility makes it seem worth a gamble.
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    #50
    I downloaded their Brave Browser and it seems OK. It has some interesting features to it. The only annoying thing is with all the security features with it, some websites don't show some content or doesn't display like it should. Can sometimes take a little playing with the controls to get things to work.

    Just downloaded it last night though.
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