this is good advice, listen to this guyGrowing older, I definitely realised that fast/quick money is not the way to go. Honestly it's mostly luck anyways, unless you pump and dump (clearly illegal). All the fundamental and BS can not be relied on. Cryptocurrency is dead (due to people who used it as a tool solely on the basis to make cash) but luckily it brought about blockchain technology which is continuously developed today. Kids, just put your cash in a High Interest Savings Account and buy Vanguard. You'll thank me in 10 years. Never beat the market, you're in it for the long game.
The idea of a crypto ETF is interesting but I don't see it ever growing in the future. It was a quick cash grab for the people that were in it in the right time and right place. Just invest in regular ETFs like IOO, VGS that show steady returns and be in it for the long run. Dump a regular deposit in every month and let compounding do it's thing, a FIRE mentality is what's crucial, save up and only invest in individual companies once you have a secure enough nest egg to fall back on if things do go bad.All cryptocurrencies will go to zero.
The SEC has already rejected three separate bitcoin ETF applications due to concern about fraud and manipulation. They will never approve an ETF. The only regulation will be to make cryptocurrency harder to use. It's not used for anything significant but speculation. The technology doesn't work for a mass payment system, it will never be viable.
Ripple (the company) ≠ XRP (the token on CoinMarketCap).@Graney,
Yeah I know, hence why XRP is so shit.Ripple (the company) ≠ XRP (the token on CoinMarketCap).
"Remember that impressive 100+ list of financial institutions Ripple is working with? Guess what, they are all using xCurrent. And xCurrent does not use XRP. Of the 100+ partnerships Ripple has, ONLY ONE actually uses XRP the cryptocurrency. There is just one small “non bank financial institution” from Mexico called Cuallix that is using xRapid."Today there are > 100 production contracts signed. When the FIs and banks get involved, market makers (liquidity providers), it is only natural that the volume goes up driving the price too.
Can you give a more specific prediction of value and time? At least an approximate date?tl;dr - XRP will be number 1 by market cap in due course.
- xVia actually can use XRP (optional), or their own ledger (bridged by ILP - Inter Ledger Protocol)xVia does not used XRP.
That's because xRapid isn't officially released. Expected to be released by EOY.xRapid has far lower adoption than xCurrent, and does not require XRP
But... The more banks the require XRP = more liquidity pools/market makers = more volume. Add human speculation into the mix which already which got us to $3.8. The derivatives market is a $1.2 quadrillion market, nostros/vostros ~$30 trillion. If XRP could even capture 2% of these staggering numbers (assuming only nostro/vostro initially), the market cap would be $600000000000 and each XRP token would be worth $15...Even if banks adopt XRP, it will not increase the price. Banks will hold XRP for the absolute minimum amount of time possible.
Very good point you bring up there, and I must say SWIFT has already made SWIFT GPI. They call it the 'global payments innovation', but it's a shoddy product made reactively, to counter the threat of Ripple's growing presence. It is by far, the worst solution thought of. By the end of the decade, 'SWIFT' will become a term associated with how quickly they fell.At any time Swift, and other startups such as R3 can introduce a competing product that kills Ripple. R3 and other firms are doing the same thing as Ripple, the only reason they have less hype is they don't have a token attached.
Sadly, one of the highest volume trading pairs is XRP/BTC - making BTC-whale-manipulators the causitive agent for all these wild fluctuations (along with the everyday speculators). Ripple's value is still not reflected through XRP's price, it will be, given time.it's still easier to laugh as XRP trades at 0.269
I tend not to fixate on price as so much I do value. I can only make a prediction when I see xRapid in full swing. What's your prediction on XRP?Can you give a more specific prediction of value and time? At least an approximate date?
I'm 100% with you on this one.I predict Tether will reach top 5 in market cap some time during 2019
Can't believe I missed this gem of a post.@si2136 do you have any idea what you're talking about? "Unless you pump and dump," Bruh commercial investors aren't multinational funds with billions dollars of liqudiity in their pockets. Whilst yes, Pump and Dumps do happen within Cryptos, its expected to an extent with an unregulated market Right now, whilst I agree there is more speculation than actual adoption, its important to understand that adoption takes time, and we're already on the road to legitamizing it, Eg. Increased regulation by the SEC, Introduction of futures, Planning of an ETF.
"Cryptocurrency is dead because people used it as a tool to make cash," That has perhaps got to be the most stupid argument I've heard. Why do people invest in the stock market, into major indexes, into any sort of investment opportunity? I see what you're saying in that a lot of people who bought early have already sold, but theres always gonna be changing market dynamics, and just because the price has gone down, it doesn't mean theres not going to be greater demand in future. Major institutional money hasn't arrived yet, and uhm no, just because prices have gone down doesn't mean its dead. "The fundamentals and BS can't be relied on?" What do you exactly mean by this? The act to solve real world problems - Just take a look at the recent collapse of the Turkish Lira. Why has this happened? Poor monetary control & high rates of inflation - the result when you place such high trust in a ineffective principle monetary authority, and as a result the people have turned to a currency that is known for its volatility & instability. ironic right, that people have more faith in bitcoin than their traditional fiat currency which is backed by nothing. Like I said before adoption takes time, and just because prices have gone down, doesn't mean everything is dead. tbh I see this as a good sign, as a lot of overvalued alts based on hype have lost their value, and only promising projects will recover.
Whilst I do agree that you should invest in the long-term, & I understand cryptos are highly volatile, it still doesn't mean you shouldn't diversify your portfolio into other industries. Whilst a lot of projects in the Crypto market are doomed to fail because they don't solve any real world issues, you choose the ones that you believe are going to be successful in the long-term. (Just take a look at the dotcom boom, but promising projects such as Amazon went from 20$ to nearly $2000 now). You're not investing in every single project out there, you're investing in the ones you believe show promise and will become successful in the long-term.
BREAKING: POSSIBLE PARTNERSHIP WITH COMPANY IN 12 MONTHSXRP hit 50c today from 28c yesterday. ~40%+ growth in two days. This is small compared to what's about to come @Graney.
XRP hit 50c today from 28c yesterday
Sorry for your lossI got in on ripple at 75c
How did you dollar cost average down to $0.35?Secondly, I dollar cost average to lower my average acquisition (my average price is now = 0.35 USD). We're currently at $0.63 USD.
I got in @ $0.75 US in December, I posted that in January I think. I was supposed to get in at 0.19 USD, but I was on a holiday on a farm with crappy cellular internet w/ my family in rural NSW and wasn't 18 so I couldn't register a trading account, but I told a lucky moderator here to get in at 0.19/0.20 and he sold at 2.40, making like a nice 1.2k AUD. (Ask pikachu975 here for proof).Since you claimed you got on at $0.75c on January 1st, the only time XRP has traded at less than $0.35 is from 9 Aug 2018 to 20 Sep 2018.
If you were dollar cost averaging since January,