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Official BGOL Crypto Currency Thread ★★★★★

moufasa said:
Space you say you "had"
So you sold most of it when it was just threading water for months, right?
Or you held on to it?
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Yeah, I sold at some profit. Shit went down so far after I bought, thought I'd never get out. Had to hold for like 6 months for it to go up just a little. Then the consensus in this thread was it was a shit coin, ended up getting rid of it about 3 months ago. Crazy!
 
spaceage78 said:
Yeah, I sold at some profit. Shit went down so far after I bought, thought I'd never get out. Had to hold for like 6 months for it to go up just a little. Then the consensus in this thread was it was a shit coin, ended up getting rid of it about 3 months ago. Crazy!
Click to expand...

Man, I'm sorry. I'm over here kicking myself over the 400,000 that I had and sold.

Strangely, those transactions are not showing up in my history.
 
moufasa said:
I don't think he was being condescending.I can see how you may feel that way because what he said should be obvious. But let me try and explain what he meant (hopefully you wouldn't consider this condescending too).

The unit PRICE of a coin is IRRELEVANT. What is relevant is the MARKET CAP compared to your guess/prediction of what that market cap will be in the future.

BTW this applies to almost anything sold in shares not just crypto.

Here are some examples of how to think of this :

Bitcoin just had a market cap of $300B (which is a lot considering VISA is worth $255B) - Total available coins is 16M - so the unit price was 19K
To expect Bitcoin to go to $50K each is to expect it to be worth $800B
Ethereum has a market cap of $70B , total available 100M coins, unit price $700, and market cap will need to get to $500B for those coins to be worth $5K.

Ethereum at 500B and Bitcoin at a Trillion don't sound totally crazy given what they have done and can do.

Now let's look at a some called "cheap" coin that their high supply can fool people

Ripple has a market cap $40 BILLION (compared to PayPal which is worth $75B) - total available is 40B coins - unit price $1. To expect the price to go to $10 means to expect Ripple to be worth $400B - not impossible but quite ballsy. BTW I OWN RIPPLE SO I DO HOPE IT GOES UP.

But if Bitcoin had as many coins as Ripple it would be worth $7.50 !


Dogecoin has a market cap of $400M, total 110B coins that's why it's coin price is $0.0036. If you are predicting Doge will hit $1 you are telling us it will hit a total market cap of $100B, so don't be surprised if people laugh at that.

Hope this helps understand what the brother was saying.
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But isn't ripple a slightly different dynamic in that it's aimed at banks and if it takes off

Banks are gonna need chunks of them coins..

So is it
not far fetched for big banks like cibc to run through a billion if those coins in a year???
 
Mrfreddygoodbud said:
But isn't ripple a slightly different dynamic in that it's aimed at banks and if it takes off

Banks are gonna need chunks of them coins..

So is it
not far fetched for big banks like cibc to run through a billion if those coins in a year???
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And also some ripple will get burned off while being used also
 
wed night at 11:53pm

Mask said:
ripple.png
Ripple (XRP)
$1.01 USD (33.01%)
0.00005923 BTC (30.39%)

good night
Click to expand...
Day_Carver said:
:money:keep going all the way up!!!!!!
Click to expand...

today

ripple.png
Ripple (XRP)
$1.17 USD (23.89%)
0.00007761 BTC (7.51%)
 
Mrfreddygoodbud said:
But isn't ripple a slightly different dynamic in that it's aimed at banks and if it takes off

Banks are gonna need chunks of them coins..

So is it
not far fetched for big banks like cibc to run through a billion if those coins in a year???
Click to expand...


You do know that banks don't have to buy Ripple to use the Ripple network?

And even if they did, why would they pay more than they pay to SWIFT today to run their wire transfers?

And all the banks combined did not pay more than $1B to use SWIFT

I foresee Ripple or third parties offering a market for lending banks Ripple tokens for when they need them
 
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spaceage78 said:
Yeah, I sold at some profit. Shit went down so far after I bought, thought I'd never get out. Had to hold for like 6 months for it to go up just a little. Then the consensus in this thread was it was a shit coin, ended up getting rid of it about 3 months ago. Crazy!
Click to expand...

Damn! Sorry bro.

That's why when I give up on a coin I never sell everything.

I always leave at least a tenth of my holdings in case it wakes up one day and takes off.
 
moufasa said:
I don't think he was being condescending.I can see how you may feel that way because what he said should be obvious. But let me try and explain what he meant (hopefully you wouldn't consider this condescending too).

The unit PRICE of a coin is IRRELEVANT. What is relevant is the MARKET CAP compared to your guess/prediction of what that market cap will be in the future.

BTW this applies to almost anything sold in shares not just crypto.

Here are some examples of how to think of this :

Bitcoin just had a market cap of $300B (which is a lot considering VISA is worth $255B) - Total available coins is 16M - so the unit price was 19K
To expect Bitcoin to go to $50K each is to expect it to be worth $800B
Ethereum has a market cap of $70B , total available 100M coins, unit price $700, and market cap will need to get to $500B for those coins to be worth $5K.

Ethereum at 500B and Bitcoin at a Trillion don't sound totally crazy given what they have done and can do.

Now let's look at a some called "cheap" coin that their high supply can fool people

Ripple has a market cap $40 BILLION (compared to PayPal which is worth $75B) - total available is 40B coins - unit price $1. To expect the price to go to $10 means to expect Ripple to be worth $400B - not impossible but quite ballsy. BTW I OWN RIPPLE SO I DO HOPE IT GOES UP.

But if Bitcoin had as many coins as Ripple it would be worth $7.50 !


Dogecoin has a market cap of $400M, total 110B coins that's why it's coin price is $0.0036. If you are predicting Doge will hit $1 you are telling us it will hit a total market cap of $100B, so don't be surprised if people laugh at that.

Hope this helps understand what the brother was saying.
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Thank you brother. Love these breakdowns and friendly reminders. I learned about market cap many years ago before crypto but everytime someone breaks it down it reinforces and helps it stick. Thank you.
 
Hey fam, i am back from hiatus. Put money back in and checked my original Wagerr coins. I am pleased. My 54366 Wager us worth over $21k right now! Wagerr is going the fuck off. It was at $0.12 yesterday and now up to $0.35 or more. NBL also was added to binance yesterday. I got in at $5.75 and it has been as high as $8+ today. Let's get it.
 
Confucius said:
Hey fam, i am back from hiatus. Put money back in and checked my original Wagerr coins. I am pleased. My 54366 Wager us worth over $21k right now! Wagerr is going the fuck off. It was at $0.12 yesterday and now up to $0.35 or more. NBL also was added to binance yesterday. I got in at $5.75 and it has been as high as $8+ today. Let's get it.
Click to expand...


wagerr.png
Wagerr (WGR)
$0.399084 USD (59.67%)
0.00002606 BTC (30.35%)
0.02577100 WAVES (14.32%)
 
Confucius said:
Hey fam, i am back from hiatus. Put money back in and checked my original Wagerr coins. I am pleased. My 54366 Wager us worth over $21k right now! Wagerr is going the fuck off. It was at $0.12 yesterday and now up to $0.35 or more. NBL also was added to binance yesterday. I got in at $5.75 and it has been as high as $8+ today. Let's get it.
Click to expand...
I need that WGR to get mean on em!!! :furious:
 
moufasa said:
You do know that banks don't have to buy Ripple to use the Ripple network?

And even if they did, why would they pay more than they pay to SWIFT today to run their wire transfers?

And all the banks combined did not pay more than $1B to use SWIFT

I foresee Ripple or third parties offering a market for lending banks Ripple tokens for when they need them
Click to expand...

I understand that but why would they complicate the process by not using ripple

Which they receive at a discount rate....

I hear what you are saying but I don't think swift is as secure as ripple

And I don't see swift creating their own version of ripple to compete....

But only time will tell...

I'm hodling that's for damn sure..
 
Mrfreddygoodbud said:
I understand that but why would they complicate the process by not using ripple

Which they receive at a discount rate....

I hear what you are saying but I don't think swift is as secure as ripple

And I don't see swift creating their own version of ripple to compete....

But only time will tell...

I'm hodling that's for damn sure..
Click to expand...

Even if a bank chooses to use their own ripple, given its so fast, they just need enough for their volume of transactions for the temporary period it takes to send the funds, like every fifteen minutes.
Still find it hard to believe that will be hundreds of billions
 
Just moved my WGR over to waves exchange wasn't that hard at all.

So when I'm ready to sell my WGR I sell for BTC on the waves exchange then move the BTC to bittrex , coinbase etc ?
 
brickdome said:
Just moved my WGR over to waves exchange wasn't that hard at all.

So when I'm ready to sell my WGR I sell for BTC on the waves exchange then move the BTC to bittrex , coinbase etc ?
Click to expand...
nah u gotta move ya wgr when mainnet starts and exchange em for wagers tokens
 
brickdome said:
Just moved my WGR over to waves exchange wasn't that hard at all.

So when I'm ready to sell my WGR I sell for BTC on the waves exchange then move the BTC to bittrex , coinbase etc ?
Click to expand...

If it's a lot of btc you may want to move

It to your own personal wallet...

At that point...
 
moufasa said:
Even if a bank chooses to use their own ripple, given its so fast, they just need enough for their volume of transactions for the temporary period it takes to send the funds, like every fifteen minutes.
Still find it hard to believe that will be hundreds of billions
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Banks like cibc are huge and move a lot of money...

I hear what your saying but I hope you are dead wrong in fact I'm banking on it..
 
RoomService said:
That could be a good thing




If he hits two dollars before the end of this year I will not be returning to work
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LOL i wish i could say the samething. Only copped 10,000 of them jawns smh. I almost tempted to get another 25,000 but its at its ATH decisions decisions decisions
 
Supersav said:
its still technically a waves token right now until the wagers block chain is active
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So its its a waves token then do i have 10,000 waves now? Joking. So when the chain is active then a transfer to WGR. But what price would i be getting WGR at? This shit is confusing. Which is why i just now moved it from the WGR site. I just wanna make sure when the chain is running i will have 10000 wgr
 

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