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Official BGOL Crypto Currency Thread ★★★★★

I got my first real crypto investment client!

I already charge my friends and family a lazy tax of $20 lol. Fuckers won't lift a finger. But this will be a real client moving tons of money. I got a couple of months to prep though so I am good.

I have been a advisor for years but i hate doing it cause nobody has discipline. That's not what i do for a living but just cause I care for my folks.

Man this thread has been a jump start for a lot of new money! Man making a monthly % of all that Bitcoin. I gotta get ready!
 
Ballhandler said:
I got my first real crypto investment client!

I already charge my friends and family a lazy tax of $20 lol. Fuckers won't lift a finger. But this will be a real client moving tons of money. I got a couple of months to prep though so I am good.

I have been a advisor for years but i hate doing it cause nobody has discipline. That's not what i do for a living but just cause I care for my folks.

Man this thread has been a jump start for a lot of new money! Man making a monthly % of all that Bitcoin. I gotta get ready!
Click to expand...

First things my friends and family ask me, "so when can i get my money out" :smh::lol: im like naw you not ready you dont have the right mindset... you worried about a quick flip... im talking long term
 
An RnB Thug said:
Ok I was deeply disturbed by Miguel's speech....
I sold a lot of XRP I have only 100k in a wallet

Here's the Video. He distanced Ripple from XRP...That's what started this downward spin.

22:39

Click to expand...


ya I remember that being a source of confusion earlier in the thread that led to some debates

conversely ETH went up when it was demonstrated how well it played w/ the ripple system
 
Last edited:
Ballhandler said:
I call bullshit on ripple.

https://ripple.com/xrp/

Clearly the banks will be using xrp as drawn out by ripple themselves. Xrp is the grease for the wheel.

I know. Misdirection play when I see one. Dude says they use xrp to fund development but also says they don't care about its value on the market. Nigga I was born at night not last night.

Yall just wait everybody that works for them banks gonna invest heavy in xrp and I am gonna use all my lil bucks to ride the wagon.

They say they are coming after Bitcoin. Plan to be more decentalized. This means the war is on and the banks are fighting back.

Regulation is coming to the crypto market soon. Banks want to control the money. They will pimp their government flunkies to do their bidding. Just get your piece so you can have some peace.

You can sell xrp if you want but i will be right there to scoop it up.
Click to expand...

right...during earlier discussions it was even speculated that there would be a point where XRP was downplayed or heavily criticized in an attempt to get ppl to dump it...I already have 5 other coins I'm going in on...tryna make it 10 but I'm waiting for some fresh blood...but they gonna have to pry these XRPs outta my cold dead hands :lol:
 
I had a dream XRP went to $0.60 within the next 4 days.

We'll see if it comes true this time

Dislcaimer: I had another dream about a week and a half ago that XRP went down to $0.27 but I didn't say nothing cause I thought I'd jinx the price. Guess it didn't matter :smh:
 
An RnB Thug said:
We KNOW that but we were assured by Ripple that it was a packaged deal.
Even last week articles were written saying they were linked
Click to expand...


A bit of a long winded explanation on Ripple vs XRP by a Ripple employee on Ripple Chat. Basically as you guys said, Ripple does not need XRP, but there are scenarios where it helps with bank transactions. That being said, Miguel's speech was very damaging. There are ways to communicate the fundamentals without completely shitting on the millions of investors who purchased XRP. Had me feeling stupid as fuck after I listened to that, but I'm still holding...


Here's how I've been explaining it recently:

1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now.

2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on.

3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters.

4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system.

5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP.

6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand.

7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it.

8) If that succeeds, it should massively increase the price of XRP.

9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.)

10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too.

I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself.
 
kbanna said:
A bit of a long winded explanation on Ripple vs XRP by a Ripple employee on Ripple Chat. Basically as you guys said, Ripple does not need XRP, but there are scenarios where it helps with bank transactions. That being said, Miguel's speech was very damaging. There are ways to communicate the fundamentals without completely shitting on the millions of investors who purchased XRP. Had me feeling stupid as fuck after I listened to that, but I'm still holding...


Here's how I've been explaining it recently:

1) There's a business that Ripple has providing transaction processing software to banks. It can work without XRP and without any blockchain tech. It improves international payments because it uses end to end messaging to track payment progress, ensure all necessary compliance information is in the transaction in the first place, precisely knows the fees ahead of time, and provides prompt, reliable confirmation of delivery. This is a big enough improvement that banks will use it even if the actual money moves the same way it does now.

2) Ripple has built a public blockchain with a native asset. It has various nice features -- a distributed exchange, good governance, fast transactions, high transaction volume, native multisign, key rotation, payment channels, and so on.

3) The hard part about getting banks to use a blockchain isn't the blockchain, it's everything else. It's governance, compliance, integration with banking systems, and so on. our software does all that stuff, so if routing a payment through XRP is a penny cheaper, the bank can take it. Then we have to make XRP cheaper somewhere that matters.

4) We don't target the biggest corridors like USD->EUR because they're efficient. We target an inefficient, but fairly high volume, corridor. For example, EUR->INR. Market makers have very small profit margins, so even a small incentive to place good EUR<->XRP and XRP<->INR offers can beat what banks are getting now through the correspondent banking system.

5) Once we get one corridor, we hang other countries off each end of the corridor, expanding the reach of XRP.

6) Now, say you're a company like Seagate that pays out money all over the globe. If you have to make payments to five countries in our corridors, you'd rather hold one pile of XRP than five piles of different currencies. That increases demand.

7) Now, say you're a company like Apple with a huge pile of cash. If you want to snap up other assets cheap, you'll need to hold the asset the people selling want. If they're going into any of our corridors, they'll want XRP, so you would want to hold it.

8) If that succeeds, it should massively increase the price of XRP.

9) Ripple holds a huge pile of XRP and will be the dominant XRP holder for the foreseeable future. But we're primarily VC financed and we get revenue from selling software to banks. We don't use our XRP as a bank account but as a strategic weapon. (Though we do sell some for revenue, we just don't need to for salaries or to keep the lights on.)

10) Anyone who gets XRP from us as part of some deal with a lockup has their incentives aligned with ours. They want the long-term price of XRP to go up too.

I think that pretty much covers our vision. There is, of course, no guarantee of success. This is a pretty crazy thing we're trying to do. But we have 160 full time employees and have raised tens of millions of dollars. We've hired many amazing people, and our track record speaks for itself.
Click to expand...

Again, WE KNOW it doesn't need XRP. But Ripple SAID they are one and you can't have one wthout the other.
So they reassured us that they won't work with banks UNLESS they used XRP
I KNOW Miguel planned to say what he did on purpose...but why?
Some say to get people to bail? Send a message to banks? But we are dealing with smart, calculating and conniving people
So that's why I kept 100k in my wallet. I cashed the rest to BTC and bought 1 million SC, 1 million DGB, 1 million Burst
There's NO FUCKING WAY I'm NOT a Millionaire by next year...FUCK THAT!!!
 
An RnB Thug said:
Again, WE KNOW it doesn't need XRP. But Ripple SAID they are one and you can't have one wthout the other.
So they reassured us that they won't work with banks UNLESS they used XRP
I KNOW Miguel planned to say what he did on purpose...but why?
Some say to get people to bail? Send a message to banks? But we are dealing with smart, calculating and conniving people
So that's why I kept 100k in my wallet. I cashed the rest to BTC and bought 1 million SC, 1 million DGB, 1 million Burst
There's NO FUCKING WAY I'm NOT a Millionaire by next year...FUCK THAT!!!
Click to expand...

I hear you. Good shit
 
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An RnB Thug said:
Again, WE KNOW it doesn't need XRP. But Ripple SAID they are one and you can't have one wthout the other.
So they reassured us that they won't work with banks UNLESS they used XRP
I KNOW Miguel planned to say what he did on purpose...but why?
Some say to get people to bail? Send a message to banks? But we are dealing with smart, calculating and conniving people
So that's why I kept 100k in my wallet. I cashed the rest to BTC and bought 1 million SC, 1 million DGB, 1 million Burst
There's NO FUCKING WAY I'm NOT a Millionaire by next year...FUCK THAT!!!
Click to expand...

Can you post quotes where high level Ripple employees say that banks will be forced to use XRP? I keep hearing about this but would like to see actual quotes or video.
 
^SpiderMan^ said:
Can you post quotes where high level Ripple employees say that banks will be forced to use XRP? I keep hearing about this but would like to see actual quotes or video.
Click to expand...

http://www.huffingtonpost.com/entry...le-than-you-think_us_591cb3bee4b0b28a33f62915

"Their bank partners won’t be using XRP!” “It’s centralized!” “The supply is unlimited and will hyper-inflate!”

False, false, and false.

"I talked with Stefan Thomas, Chief Technology Officer at Ripple to set the record straight.

Want to know the real story? Here it is.

Ripple isn’t creating any other cryptocurrencies or proprietary coins for banks. XRP is it. That means that Ripple success directly equals XRP success"
 
Has anyone got in on the CryptoPing ICO? Someone posted a link here and I signed up to get telegram alerts. They just sent me this:

logo-white.png

Greetings! We’re happy to announce that
CryptoPing ICO is now live!
PING tokens are available for purchase to all of our users.

General information
Token details
Ticker: PING
Total supply: 10,000,000
Platform: Waves
Available: 9,000,000 PING (1,000,000 is reserved for referral awards and BitcoinTalk bounties)

ICO details
Start: May 25, 2017 00:00 UTC
End: June 25, 2017 00:00 UTC or when the investment limit is reached
Limit: 1,000 BTC
Accepted coins: BTC, LTC, WAVES, DASH, ETH, ETC

1 BTC = 9,000 PING

PING prices in other currencies are determined by current prices of those currencies in BTC and are updated automatically.

Distribution
Coins are distributed in one week after ICO ends. Unsold coins will be burned.

Withdrawals
Token withdrawals will be enabled when we roll out subscription to CryptoPing for tokens and add PING to exchanges.

Subscription after ICO
In about one month CrytoPing will start requiring subscription, so getting some cheap tokens beforehand might be a good idea.

But don’t worry about subs! We will have a free tier, subscription will be cheap (0.01 BTC/mo equivalent in PING) and we will provide easy ways to buy tokens.

How to participate in ICO
How to access ICO dashboard
1. If don’t have an account, sign up for CryptoPing and connect it to your Telegram (just follow the instructions after you log in for the first time).
2. Log into your account here.
3. After logging in, you’ll have a new section in the top menu named Token sale”.
4. Go to Token sale page.
5. On the Token sale page, you’ll see current ICO status, time left until it ends, how much is already invested in total, your deposit addresses and transactions.

How to purchase PING
1. Log in and go to Token sale page.
2. Pick a coin that you will use, find it among listed coins on the page.
3. Point mouse cursor over coin icon, a button named Get deposit address will appear (if you’re on mobile it will be already visible).
4. Click Get deposit address, we will generate your personal deposit address for that coin for you. Your deposit address doesn’t change over time.
5. Send the funds you want to invest to your deposit address. Triple check that you’re sending the transaction to a correct address, because we won’t be able to refund it if the receiving address is not ours.
6. Your transaction will appear in Transactions table shortly.

Frequently asked questions
When does ICO start/end?
May 25, 2017 00:00 UTC to June 25, 2017 00:00 UTC. Or when we reach 1,000 BTC invested.

What coins I can purchase tokens with?
BTC, LTC, DASH, ETH, ETC, WAVES. Final PING prices in coins other than BTC are determined by current prices of those currencies in BTC at the moment when our servers register your transaction.

What is the minimum investment?
Minimum accepted investment is 0.0001 BTC or equivalent in alts.

What is the purpose of tokens?
We will introduce subscription to CryptoPing services in the future that can be paid with tokens only. But you will be able to withdraw your tokens to your Waves wallet, trade them on exchanges and profit from that because we intend to limit the supply by burning tokens over time and keep token price high.

When will I get my tokens?
After ICO ends. Withdrawals will be enabled when PING is added to any exchange.

Why do you keep 1,000,000 tokens?
We as developers keep no tokens. Those tokens will be used for referral payments and discount bonuses, and every token that is not distributed during ICO will be burned.

Why does the team stay anonymous?
For several reasons. For example, because we would like our project to speak for itself; because we think that team visibility guarantees nothing; because we do not like authorities, regulations, and taxes.

1,000 BTC is huge! What will you do with the money?
We will continue developing the bot and other services reagardless of how much funds we get from this ICO. Extra funding allows to allocate extra resources and do better things faster and on a larger scale. Please see our roadmapand white paper to get some insight into our plans and vision. Our first major goal is to build a social trading platform for altcoins, and then there's so much to come.

Your bot is not working! Why that coin is dumping? When to sell?
CryptoPing doesn’t send buy or sell signals yet. It sends signals about unusual market activity in relation to current trend or market history, therefore it doesn't provide sell signals or targets, and it's up to you to assess the situation yourself.

We are preparing basic guides on how we would recommend to use the signals, and plan to release the guides soon.

We have plans to develop a social trading and educational platform in the future (see our roadmap for details), so if you are still uncertain about how to approach trading, you can wait until we release it.

Thank you for staying with us and good luck with your trades!

© 2017 CryptoPing

RoadmapWhite paperEmailTwitterBitcoinTalk
eJwlzDkSwjAMAMDX4NIjy4doXADhIUSWEw-5JjHX7wlDs-WmmBO1SVSJCIbAo4cfRjsDwemrwfMJqUEK_oLQHByMtzJoXj9LnZcydboK96qPBJI5HJNNSMYKZmtCyN6mll3LQGqNd5Gl1DcPj608Za-6_zWPqsbC8-4kr22QWmX9AioML4I
 
Chad Sexington said:
Got a buddy that's been deep in this crypto/block chain game since day one - told me to look out fo the ICOs of Mysterium (MYST) on May 30 and Basic Attention (BAT) on May 31

MYST:
https://mysterium.network/
https://news.bitcoin.com/mysterium-releases-whitepaper-showcasing-ethereum-based-decentralised-vpn/

BAT:
https://basicattentiontoken.org/
http://www.coindesk.com/web-browser-brave-to-launch-ico-for-ethereum-ad-token/

As always, do your research and invest smart.
Click to expand...

So, I have been doing my research. I'm gonna share some info later when I get home.
 
Can anyone provide feedback on which is the better platform to collect my tokens, ethereum or waves? I have been reading up on both, but would like to hear comments from you guys, if you have any.
 
Ballhandler said:
I call bullshit on ripple.

https://ripple.com/xrp/

Clearly the banks will be using xrp as drawn out by ripple themselves. Xrp is the grease for the wheel.

I know. Misdirection play when I see one. Dude says they use xrp to fund development but also says they don't care about its value on the market. Nigga I was born at night not last night.

Yall just wait everybody that works for them banks gonna invest heavy in xrp and I am gonna use all my lil bucks to ride the wagon.

They say they are coming after Bitcoin. Plan to be more decentalized. This means the war is on and the banks are fighting back.

Regulation is coming to the crypto market soon. Banks want to control the money. They will pimp their government flunkies to do their bidding. Just get your piece so you can have some peace.

You can sell xrp if you want but i will be right there to scoop it up.
Click to expand...

I'm holding on to mine. If you want to get rid of yours, I'll be happy to take some off your hands. :hellyea: Butyou think that Ripple will surpass Bitcoin in price in USD?
 
GianoJuan said:
Man blockfolio must be using polo's servers :curse: they shit is not working again? I deleted the app last time thinking it was on my end. Come on I need these alerts!
Click to expand...

ya came in here to mention it's down
 
Last edited:
^SpiderMan^ said:
Can you post quotes where high level Ripple employees say that banks will be forced to use XRP? I keep hearing about this but would like to see actual quotes or video.
Click to expand...

they never said that...and that's what prompted the debates last time...ideally they go hand in hand but what always made ripple (the system) a huge plus was that it works well w/ damn near everything
 
LSN said:
they never said that...and that's what prompted the debates last time...ideally they go hand in hand but what always made ripple (the system) a huge plus was that it works well w/ damn near everything
Click to expand...

The Hell they didn't...see my response to him. I put a link
 

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