Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
Imma sit on this for a year or two and just see's what happens.
Yep another $100 in today. I'll stop at $3000 mostly due to the uncertainty of progression and low projected dollar amount.
Yall can sleep if you want to....I'm about to drop my whole tax refund on this shit....Fuck it!
https://www.finextra.com/newsarticle/29683/japanese-banks-flock-to-blockchain-consortium
https://www.finextra.com/newsarticle/29683/japanese-banks-flock-to-blockchain-consortium
Shiiiaat... I'll bite... Count me in for a grand
I'm in @LegalMoney
Fuck it I'm down....
Welp..ima about to drop 10k in this bitch...
Again I've never said they would use multiple blockchains. What I've said is that xrp is not guaranteed to be used, banks/nations are developing their on cc that that could potentially be used and xrp is not required to be used with the Ripple network. What you're speaking on is speculation while attempting to disregard the facts.
This quote started the debate "It's a Package Deal That's why the made so many XRP. You get the Platform you use the Currency" and like I've been saying it's not factual at this point to my knowledge. He may not have meant it literally but I took it as such and he never stated that I was taking him out of context.
I don't agree with his opinion and he has chosen not to support it with facts even with my offer to give him xrp if he proved himself to be right as of 7/23/17, so we are both dropping it.
not sure the exact reason why.. but I would wait a bit, bitcoin is going to have a big drop within a year or so, and it will shoot back up...
just have that side money on deck and be ready to scoop em up...
Now u just being ridiculous!!!!every fucking investment is speculation; if one is investing one should absolutely understand that; i haven't read anything from anyone in here that has stated otherwise; it's a calculated bet but it's still speculation; so u thinking that you bringing insight by letting people know it's speculation is really
I picked up a couple of hundred bucks at $890. I figure in a day or 2 when it is back at $930 swap it out for some bonus Ripple...
Welp about a week ago, the Chinese government was investigating some of the Bitcoin exchange sites
Now the exchange sites are going to start charging fees for trading currencies
So I assume the new/higher trading fees are the reason why things have been slow in the crypto market
Yesterday it was pretty flat also
https://cointelegraph.com/news/4-ma...nges-add-fees-game-changer-for-global-trading
ya I deleted my account w/ them soon after I joined
Now u just being ridiculous!!!!every fucking investment is speculation; if one is investing one should absolutely understand that; i haven't read anything from anyone in here that has stated otherwise; it's a calculated bet but it's still speculation; so u thinking that you bringing insight by letting people know it's speculation is really
SMH I'm saying his statement that I quoted are speculative and was not talking about the investment in my last response.
keep it simple. Was his statement factual or not? Can you back up his truth with facts?if so, let me know. I don't mind being wrong as I've said before but I'm not a fan of going back and fourth without supporting your belief with fact based sources.
You're right investments are speculative in nature and giving false information may lead others in the wrong direction. That has been my issue with his statement and why I addressed them. If you're ok with that, do you and I'll continue to do me.
Alright looks like we may have something. I was thinking about this all day at work...
I do not specialize in securities law but if we establish a venture to invest in cryptocoins, as long as the membership does not exceed 100 and we do not publicly seek new members we should be exempted from SEC filings and regulations.
The cleanest way is to organize an LLC with the purpose of investing in cryptocoins.
We would have some major decisions to make, like vetting whoever would be the managing member, but it is exciting.
I'll be back on later this week to see how to organize this thing and maybe we can have a conference call.
China's Bitcoin Exchanges End No-Fee Trading in Market Shake-Up
http://www.coindesk.com/chinas-big-three-bitcoin-exchanges-end-no-fee-policy/
" China's 'Big Three' bitcoin exchange businesses are taking new steps to "curb speculation" and "prevent volatility" in the nascent digital currency market...."
(Big news for day traders. Its going to be less market volatility. And also check the comments section of that article.)
Edit: Comments section.....
"Bitcoin will become far less volatile. Less volatility will equal growth. Growth = adoption. Removing Margin trading and fee-less trading will help bitcoin's long term outlook tremendously. It'll slowly move from a speculator (gamblers) market to long term buy and hold and users market."
http://www.coindesk.com/chinas-big-three-bitcoin-exchanges-end-no-fee-policy/
" China's 'Big Three' bitcoin exchange businesses are taking new steps to "curb speculation" and "prevent volatility" in the nascent digital currency market...."
(Big news for day traders. Its going to be less market volatility. And also check the comments section of that article.)
Edit: Comments section.....
"Bitcoin will become far less volatile. Less volatility will equal growth. Growth = adoption. Removing Margin trading and fee-less trading will help bitcoin's long term outlook tremendously. It'll slowly move from a speculator (gamblers) market to long term buy and hold and users market."
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Hey if we are gonna go through with this we need to start exchanging some pms and just chop up what moves we need to make. We probably don't need to start skyping right away but we need all the members to be commited to me at a specific time in one location soon.
Good money.
Count me in
Do that shit! I dropped 12k I keep a percentage on Poloniex and lend it. I've made some coin this way like 20xrp in a couple weeks. Seems a better way than that mining shit. So fyi on poloneix lending if yall interested. I figure I can flip this shit with bitcoin if ripple doesnt work. I bought bitcoin in the high 8s and sold some around 920 this week so you can always recoup shit if you want out. Oh yeah sign me up if yall really about some serious hedge fund shit.
Bro what you mean by lend? Explain that
My bad that was two separate thoughts. I was telling Day to pull the trigger cause it seems like you can always flip shit by reverting your shit back to bitcoins and cashing out for a higher price if need be. The other part I was saying Poloniex has an exchange/margin trading and lending section on their site. The lending section allows you to take your crypto and lend it to folks on the margin trading portion of their site. So you get interest off lending your coin to them (minus a percentage poloniex gets). You can set the rate for the loan and the duration (anywhere from 2-60 days). The rates vary due to volume from day to day so I check the Poloniex Lending Bot www.poloniexlendingbot.com/. Some people actually set the lending bot API to automatically do the trades but I aint about to give them a percentage when I have to give Poloniex a percentage off the lending shit. You can search for the lending shit on youtube it's pretty straightforward.
Ripple publishes XRP quarterly report
https://www.finextra.com/pressarticle/67745/ripple-publishes-xrp-quarterly-report
9 hours ago | 1163 views | 0Source: Ripple
Ripple is excited to publish the first of our quarterly XRP Markets Reports. In order to continually improve the health of XRP markets globally, we will share regular updates on the state of the market including quarterly sales, commentary on previous quarter price movement and announcements of new third-party wallets, exchanges, validators and third party liquidity providers.
Quarterly Sales
In Q4 2016 market participants purchased $4.6m of XRP directly from XRP II, Ripple’s registered and licensed money service businesses (MSB). There are a few important things to note about these purchases. First, they include sales restrictions that help mitigate the risk of market instability due to large subsequent sales. Second, these purchases are significant because they introduce important new partners to the XRP ecosystem. Lastly, institutional investment is a key differentiator for XRP and is indicative of its broader capital market potential.
Market Commentary
While it’s difficult to pinpoint the exact drivers of price action, it’s relatively clear that the U.S. presidential elections played a significant role in the appreciation of digital assets in Q4 2016. Additionally, monetary developments in India, as well as increased demand from China on the back of their new capital controls, also continued to drive demand for digital assets during the quarter.
As the year drew to a close, what had been a Bitcoin rally spilled over into adjacent digital assets such as Litecoin and Monero, both of which saw sizeable increases in price and volume in the second half of December. Interestingly, XRP underperformed during that period, only depreciating slightly by 2.04%. This underperformance was likely due to limited listings on digital asset exchanges, lack of access to XRP in China, as well as XRP’s reputation as a more institutional asset, and not a vehicle for speculation.
In Q4 2016 XRP saw a sizeable quarter-over-quarter average daily volume growth of 121%, a positive sign of overall market health. Though much of this can be attributed to general market activity, a significant portion of the growth was due to the initial roll-out of our market making incentives first mentioned in February 2016. That program helped serve as the impetus for the digital asset exchange rebates and incentives which will we rolled out earlier this month and plan to offer for each subsequent XRP listing in 2017. The XRP incentive program is designed to accelerate the use of XRP as a universal bridge currency by creating deep and liquid markets at the outset of being listed on digital exchanges. The program is funded by Ripple and will be operationally managed by exchanges for their liquidity providers. We believe this is a key differentiator for XRP and will improve liquidity and tighten spreads.
Q1 2017
As part of a continued effort to expand the XRP ecosystem, we announced that one of the world’s leading digital asset exchanges, Bitstamp, listed XRP/EUR and XRP/USD trading pairs on its exchange. Bitstamp also became the first partner exchange in the above mentioned XRP incentive program. High regulatory standards and commitment to excellence make this exchange precisely the kind of partner XRP requires, and we are very excited to have them join the XRP community.
Also, in Q1 2017 we plan to offer qualified market participants the ability to borrow XRP. This will facilitate enhanced participation in XRP markets and will lead to deeper and more stable markets. It’s a crucial step in encouraging capital markets adoption of XRP which will ensure it becomes the institutional standard bearer for international value transfer.
https://www.finextra.com/pressarticle/67745/ripple-publishes-xrp-quarterly-report
9 hours ago | 1163 views | 0Source: Ripple
Ripple is excited to publish the first of our quarterly XRP Markets Reports. In order to continually improve the health of XRP markets globally, we will share regular updates on the state of the market including quarterly sales, commentary on previous quarter price movement and announcements of new third-party wallets, exchanges, validators and third party liquidity providers.
Quarterly Sales
In Q4 2016 market participants purchased $4.6m of XRP directly from XRP II, Ripple’s registered and licensed money service businesses (MSB). There are a few important things to note about these purchases. First, they include sales restrictions that help mitigate the risk of market instability due to large subsequent sales. Second, these purchases are significant because they introduce important new partners to the XRP ecosystem. Lastly, institutional investment is a key differentiator for XRP and is indicative of its broader capital market potential.
Market Commentary
While it’s difficult to pinpoint the exact drivers of price action, it’s relatively clear that the U.S. presidential elections played a significant role in the appreciation of digital assets in Q4 2016. Additionally, monetary developments in India, as well as increased demand from China on the back of their new capital controls, also continued to drive demand for digital assets during the quarter.
As the year drew to a close, what had been a Bitcoin rally spilled over into adjacent digital assets such as Litecoin and Monero, both of which saw sizeable increases in price and volume in the second half of December. Interestingly, XRP underperformed during that period, only depreciating slightly by 2.04%. This underperformance was likely due to limited listings on digital asset exchanges, lack of access to XRP in China, as well as XRP’s reputation as a more institutional asset, and not a vehicle for speculation.
In Q4 2016 XRP saw a sizeable quarter-over-quarter average daily volume growth of 121%, a positive sign of overall market health. Though much of this can be attributed to general market activity, a significant portion of the growth was due to the initial roll-out of our market making incentives first mentioned in February 2016. That program helped serve as the impetus for the digital asset exchange rebates and incentives which will we rolled out earlier this month and plan to offer for each subsequent XRP listing in 2017. The XRP incentive program is designed to accelerate the use of XRP as a universal bridge currency by creating deep and liquid markets at the outset of being listed on digital exchanges. The program is funded by Ripple and will be operationally managed by exchanges for their liquidity providers. We believe this is a key differentiator for XRP and will improve liquidity and tighten spreads.
Q1 2017
As part of a continued effort to expand the XRP ecosystem, we announced that one of the world’s leading digital asset exchanges, Bitstamp, listed XRP/EUR and XRP/USD trading pairs on its exchange. Bitstamp also became the first partner exchange in the above mentioned XRP incentive program. High regulatory standards and commitment to excellence make this exchange precisely the kind of partner XRP requires, and we are very excited to have them join the XRP community.
Also, in Q1 2017 we plan to offer qualified market participants the ability to borrow XRP. This will facilitate enhanced participation in XRP markets and will lead to deeper and more stable markets. It’s a crucial step in encouraging capital markets adoption of XRP which will ensure it becomes the institutional standard bearer for international value transfer.
Uplifting read
Man there is a new coin on Poloniex PascalCoin (PASC)
It is showing 100% down but this is false. It was just introduced to Poloniex today. I bought this am because of the volume. It was at
0.00005500 and now is at 0.00029750
It is moving pretty steady. I am glad i bought some. I got in at 0.00020000
It is showing 100% down but this is false. It was just introduced to Poloniex today. I bought this am because of the volume. It was at
0.00005500 and now is at 0.00029750
It is moving pretty steady. I am glad i bought some. I got in at 0.00020000
It's no use explaining anything to this guy.
He comes outta nowhere with NEGATIVE talk and frankly I don't get it
DON'T FUCKING BUY THE SHIT THEN!!!!
What's they point of sitting up here spewing negative shit that really doesn't make sense?
It's just not a valid point on ANY LEVEL
Every Bank is gonna make their own Blockchain that coincidently can be used between all banks worldwide?
Hahahaha, leave him be
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