Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
fuck NXT
eBoost (EBST)
24hr Low 0.11
24hr high 2.29
How in the fuck do we get in on this type of action!!!
EDIT: I just found it
https://bitcointalk.org/index.php?topic=1984064.0
Last edited:
got be a a part of the whale crowd. Ain't no way a coin can go that high and drop that hard in a matter of hours.
That one's not a whale crowd. It's a scam.
...if you're reading this it's too late...
I'm gonna go out on a limb and say it's not even worth posting about these coins mid-wave
I'm gonna go out on a limb and say it's not even worth posting about these coins mid-wave
Good article on ripple. I feel this SBI Asia launch next month will give xrp a push.
Nicholas Pilkington June 25, 2017 5 minute read
Investing In Ripple: The Next Big Thing?
FinTech start-ups typically provide solutions for banks or disrupt/compete with banks. Ripple aims to do both: provide an alternative for transferring money, but also provide solutions to banks cross-border activities.
What Is Ripple’s Technology?
Ripple has engineered a payment system like blockchain. It uses a shared ledger to process transactions. The network allows assets to move freely, directly and instantly therefore reducing time and cost of clearing. Ripple believes the costs of transactions will be 50%-60% lower for retail remittance and commercial payments using distributed ledger technology. In addition, a clear benefit is that it can work cross-border and with any size of payment.
Ripple allows clients to integrate it into their own systems which then allows their customers to use it. Recently the National Bank of Abu Dhabi started to use the technology for some of its transactions, specifically for cross-border transactions. It, therefore, allows its customers to transfer funds in real time and instantly.
Further to this, now over 60 institutions around the world use it, including Santander, RBC, UBS and UniCredit. The use of Ripple has helped them to realise faster settlements and gain efficiencies.
In addition to processing transactions, the ledger holds information, such as buy and sell offers for securities, therefore acting as an exchange, this enables retail customers to complete FX transactions and transfers without incurring expensive fees and spreads.
As with any solution there is a cost. One reason for the transaction cost when using Ripple is to combat fake accounts by making it too expensive for spammers to flood the Ripple network with transactions. If flooding occurred the ledger would be unmanageable and slower to clear.
Similar to blockchain using Bitcoin, Ripple uses its own cryptocurrency called XRP. Within the network XRP is used as bridge currency if there is no direct exchange between two currencies at a given time. There is no reliance on a third party, therefore, XRP has no counterparty risk. The currency of XRP is growing and has the 3rd largest market cap of the ‘cyber-monies’ behind Bitcoin and Ethereum.
Ripple vs. Bitcoin
Ripple has been seen as an up-and-coming rival to Bitcoin especially in the area of real-time international transfers. It has been reported that Bitcoin has had some issues such as clearing taking days to complete. The time to settle Bitcoin has increased and on March 27th reached 168 mins, whereas Ripple takes an average of 3.7 seconds. BBVA undertook money transfers between Spain and Mexico and found Ripple to take seconds whereas traditionally a transfer would take four days to clear.
Regarding cost, Ripple transaction costs are lower at $0.00031 per transaction whereas the Bitcoin equivalent is $0.48. Therefore, it provides a return on investment as well as a solution for clients.
What Does Ripple’s Coin Cost?
Ripple has seen huge growth recently and the price of XRP has risen sharply in the early part of 2017, in March and April, the value rose by 1000% over a 30-day period. The value of Ripple since the start of 2016 to its peak in May this year is a growth of nearly 6500%. In comparison, Bitcoin has seen its value grow by over 700% since the start of 2016 to its peak in June of this year. It is still early in the life of XRP, but many investors consider Ripple to be the next Bitcoin.
The value may have grown but Ripple holds a large supply of XRP and over the last year it has sold 300 million units a month. If much more is released into the market, it could cause the value of XRP to tank. Therefore, Ripple has said will freeze 88% of its XRP holding in contracts and each month unfreeze $1bn worth of the currency. This will ensure a sense of certainty for investors that the market will not suddenly be flooded as the supply is restricted.
Where Is the Future Headed?
Ripple continues to invest in the network and improve, this combined with a growing presence and partnerships with global firms makes it a candidate to be the next big disruptor.
Recently, partnerships have been established. MUFG in Japan is working to oversee creating payment rules and standards. Similarly, a Global Payments Steering group of banks formed to establish rights and obligations framework for the use of the technology. The group includes BAML, Santander and RBC.
A group of Japanese banks have piloted software and towards the end of the year plan to use the technology in commercial scale. This will mean 40% of banks in Japan will be in some way connected to Ripple technology. Then in 2018, RBS and BAML, amongst others will use Ripple to underlie the cross-border payment services for retail and commercial customers.
As the network grows and ripple begins to make a name for itself, it may well present a buying opportunity. Ripple has some way to go to match the exposure of Bitcoin with only five years under its belt compared to Bitcoin’s 8 years, but if it follows in the footsteps of Bitcoin, its value has the potential to surge further.
Nicholas Pilkington June 25, 2017 5 minute readInvesting In Ripple: The Next Big Thing?
FinTech start-ups typically provide solutions for banks or disrupt/compete with banks. Ripple aims to do both: provide an alternative for transferring money, but also provide solutions to banks cross-border activities.
What Is Ripple’s Technology?
Ripple has engineered a payment system like blockchain. It uses a shared ledger to process transactions. The network allows assets to move freely, directly and instantly therefore reducing time and cost of clearing. Ripple believes the costs of transactions will be 50%-60% lower for retail remittance and commercial payments using distributed ledger technology. In addition, a clear benefit is that it can work cross-border and with any size of payment.
Ripple allows clients to integrate it into their own systems which then allows their customers to use it. Recently the National Bank of Abu Dhabi started to use the technology for some of its transactions, specifically for cross-border transactions. It, therefore, allows its customers to transfer funds in real time and instantly.
Further to this, now over 60 institutions around the world use it, including Santander, RBC, UBS and UniCredit. The use of Ripple has helped them to realise faster settlements and gain efficiencies.
In addition to processing transactions, the ledger holds information, such as buy and sell offers for securities, therefore acting as an exchange, this enables retail customers to complete FX transactions and transfers without incurring expensive fees and spreads.
As with any solution there is a cost. One reason for the transaction cost when using Ripple is to combat fake accounts by making it too expensive for spammers to flood the Ripple network with transactions. If flooding occurred the ledger would be unmanageable and slower to clear.
Similar to blockchain using Bitcoin, Ripple uses its own cryptocurrency called XRP. Within the network XRP is used as bridge currency if there is no direct exchange between two currencies at a given time. There is no reliance on a third party, therefore, XRP has no counterparty risk. The currency of XRP is growing and has the 3rd largest market cap of the ‘cyber-monies’ behind Bitcoin and Ethereum.
Ripple vs. Bitcoin
Ripple has been seen as an up-and-coming rival to Bitcoin especially in the area of real-time international transfers. It has been reported that Bitcoin has had some issues such as clearing taking days to complete. The time to settle Bitcoin has increased and on March 27th reached 168 mins, whereas Ripple takes an average of 3.7 seconds. BBVA undertook money transfers between Spain and Mexico and found Ripple to take seconds whereas traditionally a transfer would take four days to clear.
Regarding cost, Ripple transaction costs are lower at $0.00031 per transaction whereas the Bitcoin equivalent is $0.48. Therefore, it provides a return on investment as well as a solution for clients.
What Does Ripple’s Coin Cost?
Ripple has seen huge growth recently and the price of XRP has risen sharply in the early part of 2017, in March and April, the value rose by 1000% over a 30-day period. The value of Ripple since the start of 2016 to its peak in May this year is a growth of nearly 6500%. In comparison, Bitcoin has seen its value grow by over 700% since the start of 2016 to its peak in June of this year. It is still early in the life of XRP, but many investors consider Ripple to be the next Bitcoin.
The value may have grown but Ripple holds a large supply of XRP and over the last year it has sold 300 million units a month. If much more is released into the market, it could cause the value of XRP to tank. Therefore, Ripple has said will freeze 88% of its XRP holding in contracts and each month unfreeze $1bn worth of the currency. This will ensure a sense of certainty for investors that the market will not suddenly be flooded as the supply is restricted.
Where Is the Future Headed?
Ripple continues to invest in the network and improve, this combined with a growing presence and partnerships with global firms makes it a candidate to be the next big disruptor.
Recently, partnerships have been established. MUFG in Japan is working to oversee creating payment rules and standards. Similarly, a Global Payments Steering group of banks formed to establish rights and obligations framework for the use of the technology. The group includes BAML, Santander and RBC.
A group of Japanese banks have piloted software and towards the end of the year plan to use the technology in commercial scale. This will mean 40% of banks in Japan will be in some way connected to Ripple technology. Then in 2018, RBS and BAML, amongst others will use Ripple to underlie the cross-border payment services for retail and commercial customers.
As the network grows and ripple begins to make a name for itself, it may well present a buying opportunity. Ripple has some way to go to match the exposure of Bitcoin with only five years under its belt compared to Bitcoin’s 8 years, but if it follows in the footsteps of Bitcoin, its value has the potential to surge further.
Damn. Peerplays is already at$22.00
https://coinmarketcap.com/currencies/peerplays-ppy/
Btw, i first noticed it earlier when it was at $18.00. If Wagerr can come out the gate like that
https://coinmarketcap.com/currencies/peerplays-ppy/
Btw, i first noticed it earlier when it was at $18.00. If Wagerr can come out the gate like that
Yeah, but it started at $11.xx. If Wagerr hits $0.20 it's already beat Peerplay for percentage gain.Damn. Peerplays is already at$22.00
https://coinmarketcap.com/currencies/peerplays-ppy/
Btw, i first noticed it earlier when it was at $18.00. If Wagerr can come out the gate like that
So what's the deal with wagerr.. do we leave our coins on their system or do we have to create a waves wallet? What are the step-by-step instructions that we need to follow
You can do either one
https://techcrunch.com/2017/06/24/coinbase-is-reimbursing-losses-caused-by-the-ethereum-flash-crash/
Coinbase is reimbursing losses caused by the Ethereum flash crash
Posted yesterday by Fitz Tepper (@fitztepper)
Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market.
Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses.
While many initially thought the flash crash was the result of nefarious work, GDAX eventually confirmed that there was no indication of wrongdoing or account takeover.
Instead, the flash crash was the result of someone placing a multi-million-dollar sell order at market price, meaning ETH would change hands at whatever price bidders were currently offering until the entire order was filled – no matter how much lower the price was than the current price of ETH.
Filling this order caused ETH prices to instantly slip 30% to $224 – which in turn caused 800 stop loss orders and margin liquidations, which further drove the price down, to as low at $0.10.
Typically, someone placing a large sell order would liquidate their position over time to minimize the downward effect on price. Also, GDAX reminds users who are about to initiate large sell orders that it will cause slippage in the market, meaning this trader most likely didn’t care (or didn’t understand) that his trade would move the market....
Source
Coinbase is reimbursing losses caused by the Ethereum flash crash
Posted yesterday by Fitz Tepper (@fitztepper)
Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market.
Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses.
While many initially thought the flash crash was the result of nefarious work, GDAX eventually confirmed that there was no indication of wrongdoing or account takeover.
Instead, the flash crash was the result of someone placing a multi-million-dollar sell order at market price, meaning ETH would change hands at whatever price bidders were currently offering until the entire order was filled – no matter how much lower the price was than the current price of ETH.
Filling this order caused ETH prices to instantly slip 30% to $224 – which in turn caused 800 stop loss orders and margin liquidations, which further drove the price down, to as low at $0.10.
Typically, someone placing a large sell order would liquidate their position over time to minimize the downward effect on price. Also, GDAX reminds users who are about to initiate large sell orders that it will cause slippage in the market, meaning this trader most likely didn’t care (or didn’t understand) that his trade would move the market....
Source
that's mighty white of themCoinbase is reimbursing losses caused by the Ethereum flash crash
Posted yesterday by Fitz Tepper (@fitztepper)
Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market.
Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses.
While many initially thought the flash crash was the result of nefarious work, GDAX eventually confirmed that there was no indication of wrongdoing or account takeover.
Instead, the flash crash was the result of someone placing a multi-million-dollar sell order at market price, meaning ETH would change hands at whatever price bidders were currently offering until the entire order was filled – no matter how much lower the price was than the current price of ETH.
Filling this order caused ETH prices to instantly slip 30% to $224 – which in turn caused 800 stop loss orders and margin liquidations, which further drove the price down, to as low at $0.10.
Typically, someone placing a large sell order would liquidate their position over time to minimize the downward effect on price. Also, GDAX reminds users who are about to initiate large sell orders that it will cause slippage in the market, meaning this trader most likely didn’t care (or didn’t understand) that his trade would move the market....
Source
think I'm just being antsy...all I can do is wait and see
na...I just wanna see them make good on what it is they promised in the roadmap...it goes a long way toward instilling confidence in them...also I'm anxious to see how it will "behave" on the market
I been on their slack all day...nothing yet
on the waves platform anybody can make up any coin...so there are ppl making fake wagerr coins already...the real wagerr coin will eventually have a green check of authenticity...devs said they want to wait to receive that check before distributing the tokens...I imagine they'll send out an email when everything is ready...I'll keep y'all posted tho
"worst" case scenario you can just leave your wagerr tokens as is until it does hit bittrex...some are predicting it won't hit bittrex til the end of the year when they're ready to launch tho...as for polo they havent added shit new in a minute so idk what's going on there...plus I heard they don't touch coins under 100M cap...don't know how true that is
@Confucius someone just asked one of the leads on the project if he can confirm tokens will be released today and his response was he can't confirm it...looks like they're still sorting out bonuses and raffles
Yeah it's too late...
Damn near every Monday, coins just tank like a mofo
Those 25% plus gains are getting harder & harder to come by
Pretty soon, we're going to be like,
"Remember the good ol days when Pascal pumped to like 3000%"
I think it will be more like "Damn *that coin* is at 3000%, and I sold all mine
to get in on whatever assets"Shit WILL happen again...be ready......and Mondays are officially buying days it looks like. Everything on sale.
You could say it happend with numerai. Shit was $24 a pop like Saturday morning and was like $174 Sunday.
I wonder if it has anything to do with people's normal pay cycles at the end of a given week.
Yes! Exactly!
People get their paychecks on Friday
Usually Thursday night -- Saturday morning, alt coins start pumping
Then after they've made their profit, Saturday night -- Sunday night, is when they cash out & the alt coins start crashing
I'm figuring the 1st and 15th of each month might be dates to keep in mind also
I'm hoping to make some money this weekend coming up (June 30th & July 1st)
Yes! Exactly!
People get their paychecks on Friday
Usually Thursday night -- Saturday morning, alt coins start pumping
Then after they've made their profit, Saturday night -- Sunday night, is when they cash out & the alt coins start crashing
I'm figuring the 1st and 15th of each month might be dates to keep in mind also
I'm hoping to make some money this weekend coming up (June 30th & July 1st)
I'm gonna start waiting fill Mondays to do all my buying.
Ever since those whales sold off millions of ETH and BTC, a few weeks ago
Shit been slow on Poloniex
Now everyone on Poloniex is sooo desperate for a profit, they are dumping everything just to chase 1 coin
Look at Polo right now, BitcoinPlus is the only damn coin pumping today
And EVERYBODY is dumping their other alts, just to chase this thing
EVERYTHING else is in the red 10% -- 25%
They're acting like a starving pack of wolves, fighting over the last piece of meat
Ever since those whales sold off millions of ETH and BTC, a few weeks ago
Shit been slow on Poloniex
Now everyone on Poloniex is sooo desperate for a profit, they are dumping everything just to chase 1 coin
Look at Polo right now, BitcoinPlus is the only damn coin pumping today
And EVERYBODY is dumping their other alts, just to chase this thing
EVERYTHING else is in the red 10% -- 25%
Who still uses Poloniex? Show of hands. I think I got some Factom on there that I'm cautious to move because it looks complicated to transfer and Polo could fuck up in general.
Took a month for my Sia to show up in the Bittrex wallet
