Official BGOL Crypto Currency Thread ★★★★★

[mailboxpimp]

Re-read the steps to buy....it says you can't buy XRP straight from USD. You have to buy XBT first and convert it to XRP

For those who had / have difficulty understanding HOW to make a purchase.
the order of operations are as follows:
Take your USD..... buy XBT (bitcoins) first and convert it to XRP (ripple).

so it would seem like you need a minimum of $1,000.00 to buy ripple /XRP.

If Im wrong please correct me. Im doing my best trying to make sense of this shit. Im not gonna miss out on this shit like I did with the bitcoin in the beginning!

 

[LSN]

My two cents is if you're gonna buy the coin, buy the stock in Ripple as well. Personally think the stock will be more lucrative than the coin.

that's what I'm tryna look @

 

[Mack1052]

Most definitely marked

 

[mailboxpimp]

My two cents is if you're gonna buy the coin, buy the stock in Ripple as well. Personally think the stock will be more lucrative than the coin.

the no look pass.......

 

[mailboxpimp]

that's what I'm tryna look @

post the info links you find.... this is what i came up with.

https://www.xrpchat.com/topic/225-is-there-any-way-we-can-buy-ripple-stockshares/

about ripple
https://equityzen.com/trending/ripplelabs/

http://thestockmarketwatch.com/stock/?stock=RIPPLE

bloomberg
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=235707311http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=235707311

https://support.kraken.com/hc/en-us/articles/203325783-Market-and-Limit-Orders

 

[water]

My two cents is if you're gonna buy the coin, buy the stock in Ripple as well. Personally think the stock will be more lucrative than the coin.

The stock is NOT public.

 

[Mixd]

The stock is NOT public.

Oh ok. So what's your take on it.

I don't see how this can move much for us regular peeps to see any profit. What the banks clearly would want is stability not movement. And if "they" are controlling this, then how we gonna profit.

 

[Andeyhollawho]

Interesting

 

[Day_Carver]

The stock is NOT public.

Well that kills that dream...

 

[Day_Carver]

Oh ok. So what's your take on it.

I don't see how this can move much for us regular peeps to see any profit. What the banks clearly would want is stability not movement. And if "they" are controlling this, then how we gonna profit.

Interesting point...

 

[bxclark]

That's what concerns me. I want to get in on this, but I don't want to be a hopeful eyed victim.

Don't think you have to go past Tier 2 at this point. Doesn't seem necessary at all.

 

[Mixd]

My other fear is the only way to exchange this to another currency or value is Bitcoin. It's all great that it hit $1,000 overnight per BTC...

BUT... you have to exchange bitcoin for Ripple. So lets say you have 100 Ripple you just bought with your thousand dollar worth of bitcoins and in a few months bitcoins drop in price, but ripple stays the same, you have to now convert your ripple back to a lesser bitcoin then back to USD. You just took a loss.

This to me seems like more of a long term investment, as banks use this as a means of settlement between themselves. This is similar almost to something stable as Gold or Silver. But doubt there will be any overnight millionaires like Bitcoin when it started.

But I could be wrong. I'm not trying to deter anyone, really looking for a sound investment thought.

 

[Day_Carver]

My other fear is the only way to exchange this to another currency or value is Bitcoin. It's all great that it hit $1,000 overnight per BTC...

BUT... you have to exchange bitcoin for Ripple. So lets say you have 100 Ripple you just bought with your thousand dollar worth of bitcoins and in a few months bitcoins drop in price, but ripple stays the same, you have to now convert your ripple back to a lesser bitcoin then back to USD. You just took a loss.

This to me seems like more of a long term investment, as banks use this as a means of settlement between themselves. This is similar almost to something stable as Gold or Silver. But doubt there will be any overnight millionaires like Bitcoin when it started.

But I could be wrong. I'm not trying to deter anyone, really looking for a sound investment thought.

good point...

 

[Mixd]

This was a post on the Reddit link I posted earlier in the thread

 

[Jay_from_dade]

My other fear is the only way to exchange this to another currency or value is Bitcoin. It's all great that it hit $1,000 overnight per BTC...

BUT... you have to exchange bitcoin for Ripple. So lets say you have 100 Ripple you just bought with your thousand dollar worth of bitcoins and in a few months bitcoins drop in price, but ripple stays the same, you have to now convert your ripple back to a lesser bitcoin then back to USD. You just took a loss.

This to me seems like more of a long term investment, as banks use this as a means of settlement between themselves. This is similar almost to something stable as Gold or Silver. But doubt there will be any overnight millionaires like Bitcoin when it started.

But I could be wrong. I'm not trying to deter anyone, really looking for a sound investment thought.

With this scenario, you actually saved yourself money because the ripple you bought for a thousand is still worth a thousand, so you would just buy a thousand worth of bitcoin to convert to USD with the Ripple. No loss here.

 

[Mixd]

With this scenario, you actually saved yourself money because the ripple you bought for a thousand is still worth a thousand, so you would just buy a thousand worth of bitcoin to convert to USD with the Ripple. No loss here.

How is it still worth 1k?

you got USD to BTC to XRP
then exchange it back months from now
so XRP to BTC to USD

if Bitcoin drops in price, so does the value of your conversion back to USD. You're at a loss. Doesn't mean I have 10,000 XRP and I convert it back to same BTC which now buys me back half of what I got it for (if bitcoin dropped to $500) in the first place, I'm screwed. You don't see that?

The whole fact that on their site they keep using the words fiat currency on their site to me speaks volumes as well.

 

[letsshoot]

Guide On How To Buy Ripple
https://ripple.com/xrp-portal/how-to-buy-xrp/


WILL NOT ALLOW U TO SIGN UP SHIT IS FROOZE... WHICH MAKES IT SUSPECT TO ME

 

[Mixd]

Guide On How To Buy Ripple
https://ripple.com/xrp-portal/how-to-buy-xrp/


WILL NOT ALLOW U TO SIGN UP SHIT IS FROOZE... WHICH MAKES IT SUSPECT TO ME

This is the signup, https://www.kraken.com/signup
not Ripple

 

[donwuan]

if Bitcoin drops in price, so does the value of your conversion back to USD. You're at a loss. Doesn't mean I have 10,000 XRP and I convert it back to same BTC which now buys me back half of what I got it for (if bitcoin dropped to $500) in the first place, I'm screwed. You don't see that?

Dude, if Bitcoins drop in price you would get more Bitcoins when converting back. There's no lost here. If you can't understand that this isn't your thing.

 

[RoomService]

Bookmark

 

[Mixd]

Dude, if Bitcoins drop in price you would get more Bitcoins when converting back. There's no lost here. If you can't understand that this isn't your thing.

You're right, my bad., didn't think I'd be getting more of the other coin to the current value in USD. Went over my head.

Side note, already at Tier 3 level for those looking to sign up with Kraken

 

[Mrfreddygoodbud]

Man listen there are a few of these alt coins/cryptocurrency

out there that are on the verge of blowing up....

I wouldnt jump on this one right away without doing a little homework and waiting till it hits a few bucks..

1

Bitcoin $16,396,233,242 $1,020 16,078,837 BTC $203,760,000 2.34%
2

Ethereum $730,246,927 $8.34 87,519,497 ETH $14,907,800 1.08%
3

Litecoin $229,695,266 $4.67 49,155,704 LTC $14,052,000 3.53%
4

Ripple $229,438,791 $0.006314 36,337,298,649 XRP * $1,057,540 -1.31%
5

Monero $220,168,130 $16.10 13,674,105 XMR $9,958,570 19.10%
6

Ethereum Classic $125,634,928 $1.44 87,470,621 ETC $2,766,420 4.34%
7

Dash $82,085,421 $11.74 6,994,565 DASH $3,713,580 5.63%
8

MaidSafeCoin $45,021,317 $0.099483 452,552,412 MAID * $583,652 3.47%
9

Augur $43,181,270 $3.93 11,000,000 REP * $240,808 3.25%
10

Steem $37,966,306 $0.165334 229,633,992 STEEM $60,965 2.03%
11

NEM $31,290,390 $0.003477 8,999,999,999 XEM * $65,871 0.61%
12

Factom $25,899,462 $2.96 8,753,219 FCT * $1,111,790 1.85%
13

Iconomi $25,870,146 $0.297358 87,000,000 ICN * $183,399 -8.67%
14

Dogecoin $24,019,306 $0.000223 107,557,477,540

 

[the13thround]

Ok I'm confused.
Do you have to be tier 3 in order to use USD purchase XBT to convert into XRP?
Or can you purchase XRP at tier 2?

 

[TIMEISMONEY]

Ok I'm confused.
Do you have to be tier 3 in order to use USD purchase XBT to convert into XRP?
Or can you purchase XRP at tier 2?

Have to be tier 3

 

[Mixd]

Have to be tier 3

Ok I'm confused.
Do you have to be tier 3 in order to use USD purchase XBT to convert into XRP?
Or can you purchase XRP at tier 2?

I moved bitcoin I had from my Coinbase wallet over to Kraken. If you have bitcoins in another wallet somewhere, that's another option instead of waiting to be verified for Tier 3

 

[Soufboy]

Subbing this, I was in a computer networking training course a couple years ago and the instructor was ranting about ripple to everybody and saying how he bought as much as he could afford to cause he believed it'll be the next big thing.

 

[JamesATL]

https://bitcointalk.org/index.php?topic=927925.0

 

[SmaLLz]

Do you understand that you don't have to buy a full "coin"? You buy whatever you're paying for and it's a fraction.

Like a bitcoin, if you have $50 to purchase, then the fraction of a bitcoin is what you will be buying, for example .00732 of a bitcoin. That's not the current value, just showing you a number of how much you'd purchase.

Thank you for clearing that up for me @Mixd

 

[BUMBAY DA DOGG]

ok

 

[cokely_muhammad]

My two cents is if you're gonna buy the coin, buy the stock in Ripple as well. Personally think the stock will be more lucrative than the coin.

What is the stock symbol on this? I want to look this up in my TDAmeritrade account.

Elijah Muhamad will bless you for this

 

[Mixd]

What is the stock symbol on this? I want to look this up in my TDAmeritrade account.

Elijah Muhamad will bless you for this

Kaya already said that the stock isn't traded

 

[cokely_muhammad]

For those who had / have difficulty understanding HOW to make a purchase.
the order of operations are as follows:
Take your USD..... buy XBT (bitcoins) first and convert it to XRP (ripple).

so it would seem like you need a minimum of $1,000.00 to buy ripple /XRP.

If Im wrong please correct me. Im doing my best trying to make sense of this shit. Im not gonna miss out on this shit like I did with the bitcoin in the beginning!

Wait Nigga, you tellin me that I gots to put in $1,000 Dollis for this boowallshit!?!

 

[cokely_muhammad]

Kaya already said that the stock isn't traded

I am going to ask you one more time for the stock symbol.
Im not going to ask you again, nigga!

 

[MrBee]

I moved bitcoin I had from my Coinbase wallet over to Kraken. If you have bitcoins in another wallet somewhere, that's another option instead of waiting to be verified for Tier 3

Is this verified? because ill just go that route and pass on tier 3 verification...

 

[Tdot_firestarta]

Interesting