Official BGOL Crypto Currency Thread ★★★★★

Just brainstorming again...

Question, what if a major internet company like Amazon or Alibaba (China), started accepting digital currency ???
Bitcoin ???
Or Ripple ???
Or something else ???
Would that pretty much "bust it open", and cause the coin price to skyrocket (maybe b/c of increased demand) ???

Seems like theres a lot of untapped potential in this cryptocurrency market

:idea::idea::idea:
 
Just brainstorming again...

Question, what if a major internet company like Amazon or Alibaba (China), started accepting digital currency ???
Bitcoin ???
Or Ripple ???
Or something else ???
Would that pretty much "bust it open", and cause the coin price to skyrocket (maybe b/c of increased demand) ???

Seems like theres a lot of untapped potential in this cryptocurrency market

:idea::idea::idea:

Yep, hopefully it's XRP that's chosen
 
Just brainstorming again...

Question, what if a major internet company like Amazon or Alibaba (China), started accepting digital currency ???
Bitcoin ???
Or Ripple ???
Or something else ???
Would that pretty much "bust it open", and cause the coin price to skyrocket (maybe b/c of increased demand) ???

Seems like theres a lot of untapped potential in this cryptocurrency market

:idea::idea::idea:
https://theamericangenius.com/finance/bitcoin/

https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
 
Nah with Amazon, I think you can only buy their amzon gift card with bitcoin, then use the gift card to buy something on their website
They dont do direct bitcoin transactions yet
At least I dont remember seeing it yet
Yeah I'm reading by using the Gyft app or card. So that's cool too. I don't mind that one step. As long as it's a work around to use coin to purchase normal things.
 
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

Yeah, this is what I was thinking. Maybe have a buy and sell point. For example buy when it gets below 850 and sell when it gets about 950.One issue is all these fees though.
 
Bought some with Bitstamp.
Not a straight forward as Kraken with buying in the sense that you have to put in the number of xrp's you want and guestimate to match up with your available funds.
The bank stuff takes a little bit and once again coinbase makes it instant- no waiting forever just sending it to the wallet.
you can transfer between currencies instantly too, convert to usd/btc/xrp quickly

so now i got some in there too.

once coinbase starts trading xrp im going to max out there too.
 
It is but technically a financial advisor wouldn't state this as being an investment instrument is why I said that.

This is just like hedging some of your money into buying gold coins and having them delivered to your doorstep. If you sold them later, who's going to tax you on it. Why would there be any tax liability if you bought it with post tax dollars. In regards to the other question.

thanks for breaking it down...so ultimately if this pans out we wouldn't have to pay taxes on it?
 
thanks for breaking it down...so ultimately if this pans out we wouldn't have to pay taxes on it?
It's what the tax code stated above if they consider it a currency. I posted a link a few posts back about it.

But of course talk to an accountant or financial advisor. Me personally, I know how to move money like that tax exempt.
 
the waiting game is gonna be hard...hard for me not to check the price @ least 10x a day

I truly don't understand the antsiness/doubt tho...the price is too low for you to lose out on much unless you gamble something you can't afford...if cats think it's not moving enough they can still pull out their $$$ and get back most of what they spent minus transaction fees but @ no real loss imo...all I know is I'm not gonna be like the first responder in that bitcoin thread :lol:
 
It's human nature to check it. At this point I'm just going to dedicate fuck off money towards it until it hits a number where I don't want to put more money into it and let it make money.

Trick off money?

-Nah Don't go get no sushi just because
-Nah I don't need those shoes
-Nah I'm good on these 3 wack ass movies
etc etc not missing out but just the extra that you get cause you have some to play with, play with them ripples

Once coinbase adopts it though? done deal.
Then I'll have wallets everywhere and ripple everywhere too
 
Is there a reason why people are not buying the stock under BTCS instead. It's going for $.0024 cents a share. Or is this something different
 
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?

man I made this whole long response to your post but ultimately you are right...only thing I don't agree w/ is the founding partner selling of his ripple as a ploy to control the price
 
I think you may have misinterpreted w/e chart it was...ripple was @ a high of 5-6 cents...and I sincerely doubt that was a ploy to control the value of ripple currency

oneyearxrp1.jpg


Oops yea I think I was wrong with my numbers
I was looking at the chart from...
https://www.worldcoinindex.com/coin/ripple

When you click on the tab "all", it shows a chart for the last 2 years
Looks like 2 years ago it was at .025, not .25

LSN, which website is that chart from?
It gives more info than the one I was looking at
 
Oops yea I think I was wrong with my numbers
I was looking at the chart from...
https://www.worldcoinindex.com/coin/ripple

When you click on the tab "all", it shows a chart for the last 2 years
Looks like 2 years ago it was at .025, not .25

LSN, which website is that chart from?
It gives more info than the one I was looking at

the chart was from this article (scroll down)...

http://www.coindesk.com/price-ripple-xrp-plummets-co-founde-9-billion-selloff/

...you can also see it on this chart...choose 'range: max'

https://charts.ripple.com/#/markets...zP3Aw4Eubs59B?interval=3d&range=max&type=line
 
Just got a call from Citi. Apparently someone from the UK tried to call Citi and change information on my Citi Prestige card (same card i used for Changelly). They also tried to figure out my credit limit and tried to "reset" my credit card pin. Needless to say, Citi is expediting me a new card. Changelly is shady, beware.
 
Just got a call from Citi. Apparently someone from the UK tried to call Citi and change information on my Citi Prestige card (same card i used for Changelly). They also tried to figure out my credit limit and tried to "reset" my credit card pin. Needless to say, Citi is expediting me a new card. Changelly is shady, beware.

is this after you made a successful purchase thru them or did you have a failed attempt?
 
Just got a call from Citi. Apparently someone from the UK tried to call Citi and change information on my Citi Prestige card (same card i used for Changelly). They also tried to figure out my credit limit and tried to "reset" my credit card pin. Needless to say, Citi is expediting me a new card. Changelly is shady, beware.

Yea I followed Busta's instructions to a tee. Changelly is just to see prices for me at this.point
 
is this after you made a successful purchase thru them or did you have a failed attempt

All 5 payments have been successfully. Its not like they called to "verify". They called to change stuff on my account. Even my mailing address LMAO.
 
All 5 payments have been successfully. Its not like they called to "verify". They called to change stuff on my account. Even my mailing address LMAO.

no...the only reason I'm asking is my attempts failed so they shouldn't have any record of my cc...I'm actually glad now it didn't go thru...I'm sticking w/ coinbase and kraken for the most part...I wanted to spread my shit around to other places but I'm still wary...if I had to make it a rule of thumb I'd stick to US/UK sites...plus a recent top 40 was mentioned...I'd stick to the top 5/10 tho

https://www.bestbitcoinexchange.io/
 
no...the only reason I'm asking is my attempts failed so they shouldn't have any record of my cc...I'm actually glad now it didn't go thru...I'm sticking w/ coinbase and kraken for the most part...I wanted to spread my shit around to other places but I'm still wary...if I had to make it a rule of thumb I'd stick to US/UK sites...plus a recent top 40 was mentioned...I'd stick to the top 5/10 tho

https://www.bestbitcoinexchange.io/

I need to figure out how to use coinbase. Kraken doesnt work for NY'ers.
 
I need to figure out how to use coinbase. Kraken doesnt work for NY'ers.

right now coinbase is only good for buying bitcoins and sending them to wherever to exchange them for XRP...then if XRP bubbles...you can convert it back to bitcoins and send it to coinbase and deposit it in your bank as US cash...but you can't do anything directly w/ ripples w/ coinbase
 
So how do you trade or sell them? Is this like stock? The OP owns 60.000 how would he cash out if it goes to $60?
 
right now coinbase is only good for buying bitcoins and sending them to wherever to exchange them for XRP...then if XRP bubbles...you can convert it back to bitcoins and send it to coinbase and deposit it in your bank as US cash...but you can't do anything directly w/ ripples w/ coinbase

I see..Hell, i'll just stick with with Changelly. They can't change my info anyway.
 
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