My deposit with Coinbase came through. I bought a little over a Bitcoin at $820 and made over $50 already.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
So you can flip one bitcoin until you make enough for another bitcoin via your gains?
Yeah I thought so. Better off doing regular day trading or something.
Man I feel like there is so much potential to make money with Bitcoin or altcoin trading
I just dont know how to do it yet
Seems like the cryptocurrency market is more volatile than the stock market, which means more potential to make money (or lose money if you're not careful)
Just a simple $50 a day adds up
$50 × 30 days == $1,500 dollars profit a month
You just need to know when to anticipate which currencies are going up, when to ride the wave, and when to jump off the wave
I feel like something might pop off shortly after Inauguration Day
Seems like every time Trumps opens his mouth & says something stupid, or tweets something stupid, the market goes crazy
We just have to be ready
I just dont know how to do it yet
Seems like the cryptocurrency market is more volatile than the stock market, which means more potential to make money (or lose money if you're not careful)
Just a simple $50 a day adds up
$50 × 30 days == $1,500 dollars profit a month
You just need to know when to anticipate which currencies are going up, when to ride the wave, and when to jump off the wave
I feel like something might pop off shortly after Inauguration Day
Seems like every time Trumps opens his mouth & says something stupid, or tweets something stupid, the market goes crazy
We just have to be ready
yea that's the point.
if the shit catches on like it can then we don't need to even transfer it to anything we can just pay straight up with what we have.
Yup. I agree. I think BC will shoot up on Inauguration day...
Okay fellas, late last night I watched a few documentaries about Bitcoin, and cryptocurrency
Y'all need to check these out, especially if you are new to this
The documentaries break down alot of stuff into simple terms you can easily understand..
There are 3 Bitcoin movies or documentaries out right now
1) Bitcoin: The end of money as we know it (2015)
2) The rise and rise of Bitcoin (2014)
3) Banking on Bitcoin (2016)
*Watch them in that order
They are only about an hour long
Best thing to do, of you have amazon prime, go to the video section, then do a search for "bitcoin"
You can watch them for free, amazon prime
Or if you have Kodi, go to Exodus...Movies section...then do a search for "bitcoin"...all 3 movies will show up there to watch
Y'all need to check these out, especially if you are new to this
The documentaries break down alot of stuff into simple terms you can easily understand..
There are 3 Bitcoin movies or documentaries out right now
1) Bitcoin: The end of money as we know it (2015)
2) The rise and rise of Bitcoin (2014)
3) Banking on Bitcoin (2016)
*Watch them in that order
They are only about an hour long
Best thing to do, of you have amazon prime, go to the video section, then do a search for "bitcoin"
You can watch them for free, amazon prime
Or if you have Kodi, go to Exodus...Movies section...then do a search for "bitcoin"...all 3 movies will show up there to watch
what do you think about what CurtDawg suggested? I have been watching the three i bought. At one point LBC is up almost 25%. I want to sell and buy again when it falls, but i was charged 25% for the transaction when I bough it. Do you pay the same fee when selling?
edit
i see that you do pay fee
Last edited:
Right, i'm SURE you WILL transfer MOST of that money into USD
if it goes crazy. I don't think in anytime soon you can use that cyrptocurrency exclusively
to live. Maybe in 20-30 years....Not yet
We are moving to a cashless society. India is almost fully there. Call them the test dummies to those that run things.
My thing is I don't think this will be "it" but they will want something they can control of course.
It's why Bitcoin has been their biggest nightmare. They can't control it just like having cash in hand. It's anonymous.
They want to limit crimes globally where cash is used to buy drugs, weapons, whatever.
But my point is there's many ways to move this money if and when the time comes. You have to think outside the bubble and fear of the govt with taxes and things like that. I don't. I live within trusts and can live off the benefits of being a trustee where I myself can own nothing and control everything.
? I'm AGREEING with you. I'm just saying if in 5 years XRP is at $500 a coin...YOU WILL CASH (USD) A LOT OF IT
Why? Why do I need to have USD?
I can put it to another coin, transfer it to another strong stable currency elsewhere like Francs or something and park it there. When I want or need money, if I still live here, I can trickle some in.
Hahaha, You just said you wouldn't cash out though?
Now you talking about the Franc
The Franc is JUST AS FAKE as the USD
It would be stupid cause this currency is STILL extremely volatile
It can crash in a day. The USD will not....
I would not pull all my money out but I would pull $$$ out if it comes off
The thing about Ripple.....I dont want to be the one to say this BUT.....I dont think its going to jump that high in price
Bitcoin & others are so volatile b/c the nature of how they are, completely decentralized, with no government control or intervention
Ripple is like the opposite. Its the governments way if saying "yea digital currency is the future, but we still need a way to control this & control the price"
With ripple, they basically are using the blockchain infrastructure, and making a separate blockchain for each banking company.
So the positives are that they can transfer money overseas faster (as opposed to waiting for wire transfers), plus they dont have to worry about a shitload of transaction fees
But the negatives are that there is still some government intervention, so they can ultimately control the price (ripple price), by selling off more ripple shares into the market, kinda like how the Fed controls the supply if money to manipulate the rate of inflation
Ultimately, with ripple, I think they want a more stable digital currency, thats just more effecient at transferring large sums of money back & forth overseas
So i mean, thats why I dont think its going to just jump up sky high in a short period of time, like Bitcoin did
I definitely think it will increase, but I'm thinking maybe to like $1-$5 range
I dont know man... maybe I'm completely wrong ???
But I'm curious what other people think though ???
Bitcoin & others are so volatile b/c the nature of how they are, completely decentralized, with no government control or intervention
Ripple is like the opposite. Its the governments way if saying "yea digital currency is the future, but we still need a way to control this & control the price"
With ripple, they basically are using the blockchain infrastructure, and making a separate blockchain for each banking company.
So the positives are that they can transfer money overseas faster (as opposed to waiting for wire transfers), plus they dont have to worry about a shitload of transaction fees
But the negatives are that there is still some government intervention, so they can ultimately control the price (ripple price), by selling off more ripple shares into the market, kinda like how the Fed controls the supply if money to manipulate the rate of inflation
Ultimately, with ripple, I think they want a more stable digital currency, thats just more effecient at transferring large sums of money back & forth overseas
So i mean, thats why I dont think its going to just jump up sky high in a short period of time, like Bitcoin did
I definitely think it will increase, but I'm thinking maybe to like $1-$5 range
I dont know man... maybe I'm completely wrong ???
But I'm curious what other people think though ???
Again we are movitng to a cashless society.
But I don't want to sway and debate about something else off the topic of XRP. Do what you feel is right and I'll do what I feel is right for my fam.
This is all UNCHARTED territory. 7 years old...ALL OF IT
We talking in circles. I know where we are MOVING to a cashless society.
I'm talking about NOW
Let's Agree cause I think we do. I'm just saying don't leave all your eggs in the basket
and think that they can't all break. SELL SOME EGGS
I know I'm just rambling but...
I know everyine is waiting for ripple to "pop" BUT the thing is, it already "popped"
I was looking at charts last night, and about 2-2.5 years ago it was kinda high
I think it was at around .25 - .30 cent
But then the company founder/owner sold off a bunch if his ripple, which increased the supply, which caused the price to drop all the way down to where it is right now
Soooo, when this takes off again, whos to say that the founder/owner/banks wont do the same thing again, as a way to control the price of the ripple currency?
I know everyine is waiting for ripple to "pop" BUT the thing is, it already "popped"
I was looking at charts last night, and about 2-2.5 years ago it was kinda high
I think it was at around .25 - .30 cent
But then the company founder/owner sold off a bunch if his ripple, which increased the supply, which caused the price to drop all the way down to where it is right now
Soooo, when this takes off again, whos to say that the founder/owner/banks wont do the same thing again, as a way to control the price of the ripple currency?
Shitttt.. A dollar a coin is a major comeup
Woo sah my brother. Woo sah
Well anything can happen but I think that if this is gonna become a settlement tool
between banks it won't happen. This coin is grossly undervalued right now so much
that it doesn't make sense. I understand why the crypto world doesn't like it and that's part of the problem.
They Banking industry is still kinda old fashion but like all things, technology will catch up to them
I think the catalyst for this taking off might be the Western Union contract
If western union decides to use ripple to do their money transfers then it will definitely be a big plus
Right now they are still in the testing phase, so we relly need to keep an eye out for any info in the news about it
Also, I think ripple will slowly take off, when more banks come aboard & switch over from the current SWIFT network infrastructure
From what I've been reading, swift is comparable to Blockbuster, while Ripple is comparable to Netflix
But its definitely going to take a while for the banks to switch
If western union decides to use ripple to do their money transfers then it will definitely be a big plus
Right now they are still in the testing phase, so we relly need to keep an eye out for any info in the news about it
Also, I think ripple will slowly take off, when more banks come aboard & switch over from the current SWIFT network infrastructure
From what I've been reading, swift is comparable to Blockbuster, while Ripple is comparable to Netflix
But its definitely going to take a while for the banks to switch
Well if it goes to $5 then ive made 500k; on a 1k investments; ill take that all day!!!!!
What I've been noticing so far given the amount I've read into this is that when comparing this to other forms of cryptocurrency is that the sheer number of ripples out there will lower the price for the product.
Realistically I'm thinking at best this would be a product that tops out around 10 dollars per. My guess is that if the banks are going to be using this heavily, they will then create some sort of convenience fee for expedited service for wires and other items that currently take extra time to finish. That being said, even if it stabilized at anywhere from 1-5 dollars that would still be a huge ROI given what our entry point is.
Realistically I'm thinking at best this would be a product that tops out around 10 dollars per. My guess is that if the banks are going to be using this heavily, they will then create some sort of convenience fee for expedited service for wires and other items that currently take extra time to finish. That being said, even if it stabilized at anywhere from 1-5 dollars that would still be a huge ROI given what our entry point is.
If the big banks, across the globe, continue to be on board then it will rise; how far or how soon who knows; but if one is sitting on about 100000 ripples; you can do the math as to what it will do for that person financially; I plan on getting at least 500000 ripples; thats only like a 5k investment; ive spent more on bullshit so why not....
Shit that's all I need. It go to $5 I'm
Yup yup
Well hopefully it doesnt take forever to get there
I know; lets hope it takes about a year to get to $1-$5 and then it goes up from there; like I said im going to buy about 100k ripples per month; get me to 500k maybe even a mill ripples and just chill and let this shit go up....Yup yup
Well hopefully it doesnt take forever to get there
No, you'd be at over $800k USD
dam my math is off, i must be adding something wrong; break it down for me bro...
I was wrong. Was one decimal over on the current rate of xrp
Similar threads
