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Bitcoin, altcoin, cryptocurrency thread

kapolani said:
I have a bunch of free Ripple. I was starting to hear some buzz about it a month or so ago. Ended up getting a bunch at $.40. Took profit to get my initial investment back and now riding some free coins.

I have been making good BTC trading: ADA, XRP, XVG, BTC, ETH, and NEO.

I'm trying to accumulate as many of the top coins I can (after getting all initial back) and plan on holding on for the long term.

I've been trading as a hobby for the last 15 years or so. Nothing too serious, but enough to pay for trips and buy some extra toys.

I have made more in 3/4 months than I have in all my years trading. If you can read charts and have a solid process it is pretty hard NOT to make money.

Not sure how much longer this is going to go on a la beanie babies, but I hope to make as much money to payoff bills and set us up for the rest of our lives.

It's crazy.

GDAX:

If you have a Coinbase account you already can sign into GDAX. It's the same account. Just login.

You can ACH transfer money from a bank account. It takes a while though. Or you can buy with CC on Coinbase and then WITHDRAW/Transfer from GDAX. It's free. If you send BTC you pay network fees.

Protip - don't send your money as BTC to exchanges. I convert to ETH/LTC. Faster and cheaper fees. Then convert back to BTC on the exchange.
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I have used Binance with no issues so far. Down the road who knows though..
NEM did great this week. Ripple great these last two months
 
Another reason Cryptocurrency will succeed

https://cointelegraph.com/news/puti...rcumvent-sanctions-government-remains-divided


Banks do not like it for a reason.. Banks use your money to make money off of you. Loan your money out to others and yourself with interest. No money in banks and how will they operate. The next coming financial collapse of banks. In the old days you would walk into B of A and there would be huge lines but today 8 or 9 times out of 10 the banks are empty due to online banking. When people move towards Cryptocurrency their problems will really begin.

https://seekingalpha.com/article/4135487-bitcoin-banned-bank-america-will-rise-despite-naysayers
 
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None of that will actually help Bitcoin to be more a (crooked) online casino.

If there ever is a major problem with normal currencies people might look for precious metals, land deeds or such.
If it really hits rock bottom you might even end using canned food as money.

Never will practical to use the brainfart of some geeks that only 0.00001% of the global population hold (and 90% isin the hand of 0.00000001% of the global population).
 
Bug-Creator said:
None of that will actually help Bitcoin to be more a (crooked) online casino.

If there ever is a major problem with normal currencies people might look for precious metals, land deeds or such.
If it really hits rock bottom you might even end using canned food as money.

Never will practical to use the brainfart of some geeks that only 0.00001% of the global population hold (and 90% isin the hand of 0.00000001% of the global population).
Click to expand...

I look at it as a form of diversification.

I have all the beans, bandaids, and bullets that I'm ever going to need if the SHTF.

I have some precious metals. I have some land and a couple of properties.

I see it as a vehicle to increase my USD and am using as such.
 
Bug-Creator said:
Never will practical to use the brainfart of some geeks that only 0.00001% of the global population hold (and 90% isin the hand of 0.00000001% of the global population).
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Global market demands a global currency. I believe this is the future, just as ATMs and debit cards were of the past. How often do we actually write checks these days? I have not written a physical check in over 10 years.

Our governments believe this is the future.
https://panampost.com/editor/2017/10/26/bitcoin-adoption-and-regulation/
 
960design said:
Global market demands a global currency. I believe this is the future,
Click to expand...

Sure,maybe....

But won't be Bitcoin.

Maybe it will be another freefloating crypto, but more likely something based on real assets or just another existing currency replacing the $ as defacto global currency.
 
The future is not really any type of cryptocurrency, it about the underlying tech called blockchain - that's the real future.

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
​
 
obeygiant said:
How do I buy ripple?


Edit: Looking into bitstamp..
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Please don’t buy ripple!

Cryptocurrencies are popular because it’s decentralized from banks. Bankers don’t like cryptocurrencies because they can’t be controlled, and they’ll do anything to gain that control. However, it’s technicaly impossible to do.

Ripple is completely centralized by bankers as 61% of it is owned by them. The reason for the massive gains in the last few weeks is because they’re pumping so much money into it to make the total market capitalization beat bitcoin. Do you really think it grew $30 billion in 1 day from regular people investing? Think again.

IF the market cap of ripple surpasses bitcoin, it will create a media frenzy, and everything (bitcoin, Ethereum, altcoins, etc) will be compared to ripple. Bitcoin will probably crash, and most likely everything else. Bankers will then have control, and like everything else they put their hands on they’ll screw it up. Every altcoin will be measured and controlled by ripple (a.k.a. Goldman Sachs, JP Morgan, and rothschild dynasty).

I shudder at the thought people are selling bitcoin for ripple.

Real criminals are with Ripple.

If you buy Ripple you’re supporting this. There are many different projects you can invest in with high gains. Litecoin, Bitcoin Cash, Dash, Populous*, OmiseGo*, EOS, Pillar, Veritaseum*, Spectre-AI*, Debitum*, PayPie*, Raiden, AdEx, Centra, and GRID+ to name some.

* indicates it will also have passive income
 
palmerc2 said:
Please don’t buy ripple!

Cryptocurrencies are popular because it’s decentralized from banks. Bankers don’t like cryptocurrencies because they can’t be controlled, and they’ll do anything to gain that control. However, it’s technicaly impossible to do.

Ripple is completely centralized by bankers as 61% of it is owned by them. The reason for the massive gains in the last few weeks is because they’re pumping so much money into it to make the total market capitalization beat bitcoin. Do you really think it grew $30 billion in 1 day from regular people investing? Think again.

IF the market cap of ripple surpasses bitcoin, it will create a media frenzy, and everything (bitcoin, Ethereum, altcoins, etc) will be compared to ripple. Bitcoin will probably crash, and most likely everything else. Bankers will then have control, and like everything else they put their hands on they’ll screw it up. Every altcoin will be measured and controlled by ripple (a.k.a. Goldman Sachs, JP Morgan, and rothschild dynasty).

I shudder at the thought people are selling bitcoin for ripple.

Real criminals are with Ripple.

If you buy Ripple you’re supporting this. There are many different projects you can invest in with high gains. Litecoin, Bitcoin Cash, Dash, Populous*, OmiseGo*, EOS, Pillar, Veritaseum*, Spectre-AI*, Debitum*, PayPie*, Raiden, AdEx, Centra, and GRID+ to name some.

* indicates it will also have passive income
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Ripple was good as a flipper when it first took off but not on the recommendation list now.
 
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stylinexpat said:
Banks not happy with all this. Rothschild’s control is changing on money control. Here are their attempts to fight back. If everyone uses Cryptocurrency where will all deposits go..? How can banks with no money operate..?



Visa bans several cryptocurrency-backed cards, leaving thousands in the lurch - CNBC https://apple.news/AcIRVJfNcRMyX46MDIf1z4A



https://www.coindesk.com/merrill-lynch-bans-clients-from-investing-in-bitcoin-fund/
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Starting to move. Looks like it found a base in mid to upper $50’s. Next leg up coming up
19FAB838-CDE5-4813-AC1E-6849D130B89E.jpeg
 
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Bug-Creator said:
Sure,maybe... ...real assets or just another existing currency replacing the $ as defacto global currency.
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The $ is not based on anything real. Just paper and a promise. At least digital currency is based on effort. This sort of argument sounds a lot like ones pointed at BitCoin so few years ago. Seems like it worked out pretty well for the few early adopters.

Anytime there is a precedent for change there are the adopters and the opposers. The opposers are correct about half the time.
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obeygiant said:
The future is not really any type of cryptocurrency, it about the underlying tech called blockchain - that's the real future.

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
​
Click to expand...
This is the truth in more than just currency.
 
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Bloodbath following gains from Friday and Saturday. Best not to buy after Saturday or on Sunday
 
Blaze4G said:
What??? Always buy the dip! This is the perfect time to buy! I think it might go a bit lower by Wednesday if you want to wait. But prices are good now.
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Must be careful because many of the other Cryptocurrencies broke their support lines so they could have further to go. Not sure if we saw bottom yet
 
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