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Official BGOL Crypto Currency Thread ★★★★★

sumofyallniggasisbitches2 said:
ahhhhhh ok cool....I'm trying to get my buy on with this crypto game but gawdammmmm fam...between coinbase, bitstamp, bittrex they got a brotha waiting for fucking forever to get access so I can do something......Silver lining is that XRP has fallen so I will "hopefully" get a better deal by the time I can actually make a purchase...
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https://ripple.com/insights/ripple-...ow-to-ensure-certainty-into-total-xrp-supply/

and that is the official word from ripple themselves...it's not about cashing out...or suppressing the price...the reserves are about ensuring there will always be enough XRP to be used w/in their system...if anything that is promising from my outlook...even tho XRP doesn't have to be used the fact is realistically they are planning for it to be heavily used and that still leaves me optimistic

again expectations were heightened w/ it doubling so quickly from 20 cents to 40 (it now seems to be settling back to where it was @ 20 cents)...but most ppl felt this was a 3-5 year wait...it hasn't even been 6 months yet :dunno: so I'm in it for the long haul...that being said...seeing that quick pump was exciting so I'm investing in other coins so that if I'm tempted to enjoy some of that $$$ I can cash out on some of them...and even many of these I want to hold on to long term as I learn more about them
 
LSN said:
https://ripple.com/insights/ripple-...ow-to-ensure-certainty-into-total-xrp-supply/

and that is the official word from ripple themselves...it's not about cashing out...or suppressing the price...the reserves are about ensuring there will always be enough XRP to be used w/in their system...if anything that is promising from my outlook...even tho XRP doesn't have to be used the fact is realistically they are planning for it to be heavily used and that still leaves me optimistic

again expectations were heightened w/ it doubling so quickly from 20 cents to 40 (it now seems to be settling back to where it was @ 20 cents)...but most ppl felt this was a 3-5 year wait...it hasn't even been 6 months yet :dunno: so I'm in it for the long haul...that being said...seeing that quick pump was exciting so I'm investing in other coins so that if I'm tempted to enjoy some of that $$$ I can cash out on some of them...and even many of these I want to hold on to long term as I learn more about them
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You're referring to us right? Not XRP, because they've been on the market since like 2013/14
 
dat_cartel_boi said:
I'm in their Slack channel and they said they already hit their pre sale goal. Dammit.

EDIT: Yeah on their website pre-sale is closed. ICO in a few days though.
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So now we gotta find good presale allocations and not just ICOs....lol.

Seriously, you need a very long term window and also a great eye for understanding the tech + team to invest in a presale because at that point they probably have very little tech developed.
 
elumni said:
Ripple:
Ripple, as a crypto currency, has new data sets showing that a 'big fall', or 'big exit', or 'big crash' is going to 'commence' in June or July. The 'commence' word is explicitly chosen as we have the many 'prominent speakers' at 'commencement ceremonies' being a proximate temporal marker for the 'beginning leg down' for Ripple as XRP. So note that there are not specific days forecast here, but rather the proximate of the XRP down leg to the 'commencement season'. The data sets have sets that are forecasting a down leg that will, over time....let me repeat...over time, take XRP back to the stage of 'questionable' in the meaning of 'does the market care for it?'. The data sets have the XRP prices being framed in 'jittery language' as was previously forecast now moving into 'worried' language as the general events of Summer at a financial level put additional pressures on CryptoSpace, and Ripple specifically, due to the 'bank connections'. The data would seem to be suggesting that XRP will encounter its largest, prolonged period of difficulties as the word 'hyperinflation' begins to become more 'mainstream' in its manifestation.



Other linguistic temporal markers for yet more unfavorable words for XRP include the forecast problems within the 'regional banking sector' across the USA. As these 'regional banks' become the subject of 'rumored problems' at a national level, the data is forecasting additional pressures on XRP. Other linguistic temporal markers include 'contention' within the 'ripple organization'. The data would have the 'rumors of contention' being more important to traders in XRP than any substance that is forecast to appear later in response to 'community concerns being expressed openly'. As modelspace is progressed through June and into July there are sets indicating very large levels of emotional turmoil associated with the XRP coin, and the 'Ripple enterprise'. These sets are suggesting that some people will be using language such as “I got out before the problems.” To be clear the 'problems' sets are filling around the words of and for 'contention'. So when internal Ripple personality dynamics begin to be intrusive and there is obvious 'conflict', that is what the data is referencing. There are a number of sets for people also claiming to be 'Ripple wealthy'. These sets have a dual context that should not be ignored. In the first appearing, shortest lasting context, 'ripple wealthy' means just that, 'having a profitable ripple ownership experience'. In the second appearing, much longer lasting context, the term 'ripple wealthy' will come to mean something similar to 'zimbabwe millionaire' implying 'lots of irredeemable asset'.
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Thanks. That is not good.....
 
Spectrum said:
The recovery is happening right now. I'm kind of mad I didn't pull the trigger but I did a lot buying on the dips this week. I sat yesterday out..which would have actually been the best day to binge.
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I think this is the one truth in investing:

When shit is low or in the negative BUY!!!!!!!
 
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Btw. This article above is kind of dense...no technically dense but just information-dense. Read 2-3 times if you want to understand ICOs as most are tokens.
 
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Spectrum said:
Yeah..especially if you believe in something long-term.. just have to treat it as a discount. Weird how human psychology works. If it was a shopping mall, you would run and finally buy the shit you wanted because it was discounted.
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Yea I gotta think as anything being in the red on Polo is the time to buy....from Bittrex of course I won't be doing any business with Poloniex for a while.

elumni said:
Just tell me which coin to cut and paste from the report and I'll post it on here.
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XEM
APX
MAID
SEC
LBRY
WAVES
XMR
LTC
HMQ
PIVX
Thanks fam.
 
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Spectrum said:
So now we gotta find good presale allocations and not just ICOs....lol.

Seriously, you need a very long term window and also a great eye for understanding the tech + team to invest in a presale because at that point they probably have very little tech developed.
Click to expand...
Yep. Mysterium didn't even have a staff until they raised money.
 
p5ych3 said:
Lol woke up and everything green for me. Couldn't buy this weekend, so definitely gonna have some on hand for the next dip.
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If these credit card companies would process orders, i would have been buying up everything; now im just like :popcorn:until these bastards get their shit together:smh:
 
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Joel had stated this a week ago in regards to the statement/article made that the spikes were related to Jed dumping XRP...
A few points:

"Others have been promised to early investors in agreements that are not public."

Absolutely false. We very carefully made the decision that no XRP would go to early investors. At the time, the legal landscape was entirely uncertain and people even argued that all cryptos were inherently counterfeit. We absolutely did not want to put any of our early investors at any legal risk and we absolutely would never have considered an agreement like this.

"The XRP had been sold, so Ripple froze the $1 million USD from the sale. This did not require intervention by the courts; Ripple simply used their power to freeze any transactions on the network (!) and since it happened through Bitstamp's Ripple gateway, the funds were on-network."

Absolutely false. Ripple has no such power. Bitstamp froze the funds because there was a legal dispute over their ownership. The same thing would happen at, say, Poloniex if there were a dispute over the ownership of funds there.

With respect to Jed's agreement: Ripple has the primary right to determine what volume is legitimate and what volume is not. As you can probably figure out, Ripple and Jed are not exactly buddies right now and we have historically done everything we possibly could to keep Jed from dumping. I can't imagine us releasing XRP to Jed (remember, Ripple holds it) if we weren't convinced the volume was legitimate. He would have to sue us if that was his plan.

Ripple's litigation with Jed was not about us trying to take anything from him or keep him from making money. In fact, because he was prevented from dumping, the XRP he holds is worth much more than he would have gotten by dumping it. Ripple's litigation posture has always been to protect the market for XRP from insider dumping.

Also, Chris Larsen resigned his position as CEO. He's still a board member and almost as active as ever. In fact, I still report to him, as do two other people.
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