MrGuvernment
Fully [H]
- Joined
- Aug 3, 2004
- Messages
- 19,869
Did a good live stream with todays action earlier
Usual 40% or so correction, it has happened every single time in the past BTC had a big run up, then had from a 37-43% correction shortly after. Some have been saying as low as $25k if it breaks $30k which it is fighting for its life right now and on and off last few hours
Eth apears to have some pretty strong resistance at 1k. I'm definitely holding the eth positions and would say they are almost looking abit better the btc when crypto is stagnatingWorried we see sub 25k prices pretty soon. I scaled out of my ETH position for now.
Eth apears to have some pretty strong resistance at 1k. I'm definitely holding the eth positions and would say they are almost looking abit better the btc when crypto is stagnating
I'm in pretty low this time around. (Last time around I was in it for the price of electricity)I've been told that ETH could go to $20k by the end of the year because of it's link with defi, BTC would have to go The Dickining level to do that well. I bought some in the 400's and some in the 700's, almost picked up more at 1000 but I'm not THAT confident.
I'm in pretty low this time around. (Last time around I was in it for the price of electricity)
20k is too ambicious if it stays coupled with btc and there is way too much money in crypto that would cash out before btc did anything astronomical. However it has a active dev team so I feel it could definitely gain some ground on btc if crypto stays near current price levels without any monumental changes.
Looking to get some more eth, any chance we have a dip soon?One of the few youtube crypto guys that I listen to
Ripple is trash
Poloniex is trash. Stole some crypto from meKraken, Binance, Poloniex
Im really not trying to go on a large rant for the validity of a cryptocurrency when so many of them are pointless money grabs or experiments that bring nothing new but marketing.Please provide some facts as to why please? versus useless one liners that do nothing to help anyone.
Posts that didn't age well....Worried we see sub 25k prices pretty soon. I scaled out of my ETH position for now.
1) Retail is largely missing this go around... the demand is largely institutional
2) The selling of shovels analogy is a bit problematic here... BTC is mined by specialized hardware (ASICs) that are manufacturered by a few people are heavily backlogged. Further, GPU mining is back to being very profitable and there is a card shortage.
You buy XRP because you want to potentially make money with a coin that is more likely to be accepted by the banks and other stinking rich companiesIm really not trying to go on a large rant for the validity of a cryptocurrency when so many of them are pointless money grabs or experiments that bring nothing new but marketing.
the main issues I have with ripple are the huge amount owned by the dev team that they have used in the past to try to manipulate the currency into different banking systems as well as it being nothing of decent complexity. so why buy it as instead of ltc, btc, doge, or any other of the simple cryptos? Ripple to me seams like a dev team trying to prop up a bs crypto using marketing and market manipulation to bring value to their own stake of the chain.
for comparison take a look at the whitepapers between ETH and XRP.
https://whitepaper.io/document/1/ripple-whitepaper
https://whitepaper.io/document/5/ethereum-whitepaper
bitcoin is more likely to get accepted by banks and companies in the us then xrp is. The only reason xrp got the traction it did was them trying to hand out free money to anything that would promote them.You buy XRP because you want to potentially make money with a coin that is more likely to be accepted by the banks and other stinking rich companiesXRP is massive in Asia an only growing. Yes, the company owning so many sucks but they have also been releasing them via escrow for a while now in a stead flow.
Ripple / RippleNet/ XRP is already in use with actual companies, unlike 99% of the other poop coins that are just rehashes of the same thing, much like the Linux OS world, everyone thinks they can do it better than the last but offer nothing really.