Thread: RIP Bitcoin

Originally Posted by Mr Earl

Ripple might be good for short time trading

Jeezus you have no clue. You clearly got lucky but have no real advice.

Originally Posted by Mr Earl

Ripple might be good for short time trading, but it ain't a true decentralized blockchain crypto like BTC, LTC and others. It can be controlled by central banksters. So it equals = Bullshit.

one of the coins I'll never buy.

Right now I do not see decentralisation within the crypto industry. While A can pay B invisibly for goods and services, what's needed for A to enter the alt market without being a slave to one of the other gateways (BTC, ETH etc), just as he would be to the bwankers if cryptos were never invented?

Fex, if I want to buy TDR, I need to first buy one of 'bwanker cryptos' and trade that in for TDR, and reverse the process when selling. Great vision, but decentralisation is wishful thought unless and until each crypto is able to stand on its own, independently, with say 90-95% dying off in the process. I think we could put our boots on whoever/whichever overcomes this hurdle.

That's not an argument, just a view from raw experience.

Originally Posted by Plan B

^
You might like to know that Bitcon is more centralised than XRP and there are plans to decetralise XRP further.

Although you might like to consider what centralisation actually means to you. Is it actually useful to be decentralised and fall apart like BTC?

Fair points. The concept of bitcoins is bold, a venture into the unknown world of 'decentralisation'; great word that is, but what does it mean in practical terms, what are the pitfalls, is it government, bwankers or nerds that will end up addressing them, and whichever group or combo it is, there goes decentralisation.

Originally Posted by bsnub

Jeezus you have no clue. You clearly got lucky but have no real advice.

I suppose that is possible, but as far as BTC it is HODL for the next two years.

The big assholes want to freak you out and panic, stay tough or get snuffed..

You were holding 74 btc which equals 1.1 million usd...oops!

I'm gonna learn from you...HODL

Ripple=centralized dogshit eat all of it you want, count me out.

Originally Posted by redhaze

I'm keeping $300 bucks worth of XRP and have shelved the rest

Originally Posted by raycarey

he definitely comes across as very insecure.

whatever.

boring.

Originally Posted by raycarey

you're feeling all buthurt because your greedy little fingers pressed 'submit' on a trade you knew was too late....and your fingers just got burned.

Oh man too good. I kept the one coin on a lark that wound up shooting through the roof. Its the only trade I even own right now in crypto lol.

Do you think Jesus just doesn't love you Ray?
You really just can't seem to catch a break in the hollow meaningless internet forum victory department there, sport.

Originally Posted by jabir

Right now I do not see decentralisation within the crypto industry. While A can pay B invisibly for goods and services, what's needed for A to enter the alt market without being a slave to one of the other gateways (BTC, ETH etc), just as he would be to the bwankers if cryptos were never invented?

Fex, if I want to buy TDR, I need to first buy one of 'bwanker cryptos' and trade that in for TDR, and reverse the process when selling. Great vision, but decentralisation is wishful thought unless and until each crypto is able to stand on its own, independently, with say 90-95% dying off in the process. I think we could put our boots on whoever/whichever overcomes this hurdle.

That's not an argument, just a view from raw experience.

I suppose I could be wrong, but it seems the security aspect of the bitcoin is unimpeachable, end of story.

Originally Posted by redhaze

I kept the one coin on a lark

It is hemorrhaging at the moment.

^^The whole thing is just a laugh. I wasn't investing dick to begin with.

I almost feel like you'd need to make this shit a full time job if you were truly serious about it. You can't even set trailing stops on these exchanges, which basically means you really can't really even walk away from the screen or sleep without some issues. Stop losses alone aren't going to help you bank profit with these wild swings up and back down. Being glued to a computer screen trading this stuff would be all consuming I'd imagine.

I'm sure if you were a good day trader the volatility here would be appealing though.

Originally Posted by redhaze

these wild swings up and back down.

They are fun.


Hitting 80% roi for this month, with me portfolio split between around 7 of them. Had the great LTC and BCH rush, the big BTC crash, and today the big Ripple boom. All good fun and interesting way to make 80%.

Originally Posted by Luigi

Hitting 80% roi for this month

Pretty sweet....

Originally Posted by redhaze

I almost feel like you'd need to make this shit a full time job if you were truly serious about it. You can't even set trailing stops on these exchanges, which basically means you really can't really even walk away from the screen or sleep without some issues. Stop losses alone aren't going to help you bank profit with these wild swings up and back down. Being glued to a computer screen trading this stuff would be all consuming I'd imagine.

I'm sure if you were a good day trader the volatility here would be appealing though.

Problem is, as a SET trader it's quick and easy to convert equity into cash.

As it stands, let's say a punter panics and sells his XRP during today's rush for the exit...what then, no cash, he's simply converted them into ETH or some other bwanker which is probably also heading down anyway. To meet with cash, after selling into a bwanker (decentralisation?) next step is to withdraw to say, bx, which could take 15-20 minutes or more, and then cash in. Then of course, a reverse process to get back into the fray against commissions, spreads and other charges.

Not easy, early days yet and the vision of 'decentralisation' has a way to go.

Originally Posted by Luigi

Hitting 80% roi for this month

Not for long.

Originally Posted by bsnub

Not for long.

Jing.

Originally Posted by jabir

Problem is, as a SET trader it's quick and easy to convert equity into cash.

As it stands, let's say a punter panics and sells his XRP during today's rush for the exit...what then, no cash, he's simply converted them into ETH or some other bwanker which is probably also heading down anyway. To meet with cash, after selling into a bwanker (decentralisation?) next step is to withdraw to say, bx, which could take 15-20 minutes or more, and then cash in. Then of course, a reverse process to get back into the fray against commissions, spreads and other charges.

Not easy, early days yet and the vision of 'decentralisation' has a way to go.

Totally agreed. You said it all actually. How in the world an exchange doesn't exist yet to convert alt coins to USD in real time is simply beyond the beyond. Only a matter of time now....maybe

I just grabbed a piece of ripple at $1.94.

Just looked. XRP is 33% of my ALT portfolio and not 28%. Sweet.

Was 60thb at last night's midnight update, 80thb now, so hopefully that bump will cancel all the other coins failing to crap and turn out a positive % for the day.

Ordered my Nano today, rippoff as expected, but will see in the new year trying to figure out how to make it do tricks.

Hey Luigi, does it take a range of alts?

Yup, this will explain it.

https://ledger.zendesk.com/hc/en-us/...h-your-Nano-S-


https://ledger.zendesk.com/hc/en-us/...dger-products-

Originally Posted by redhaze

I kept the one coin

Originally Posted by bsnub

It is hemorrhaging

Is Bitcoin entering a FOMO phase?

Fear of Missing Out?

Originally Posted by raycarey

Well as I was saying above, moving stops are always good practice. Even when you have to set them manually. Even on trades thay are laughers. Its just good habits. Everything worked out quite well

So close Ray. So close to your life being worth living