Bitcoin and XRP, Time to buy

sgrinavi

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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


Looks like it's on the way back up with lots of buys going on

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cdabc123

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Jun 21, 2016
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Worried 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
 

sgrinavi

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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'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.
 

cdabc123

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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.
 

MrGuvernment

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sgrinavi Ya, it has been going up and down though since the drop from 40k, but in the bigger picture, still going up and will go up. Unless someone is a day trader, zoom out! You are still making money so long as you did not buy in at the peak of the $40k or $35k up, but give it weeks or months and even if you did, you will end up positive.

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sgrinavi

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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.

One of the few youtube crypto guys that I listen to

 

leftysiwel

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Dec 3, 2013
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Hi everyone. New to the whole crypto game, but does anyone know where to buy ripple? The couple of places I was on say either they arent selling it just monitoring or it cant be sold to me in the US.

Thank you in advance and I hope you all have a great week!!
Bill
 

cdabc123

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Please provide some facts as to why please? versus useless one liners that do nothing to help anyone.
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.

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
 

Andrew_Carr

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I was just arguing with a bunch of people in another thread about bitcoin and cryptocurrency. It felt like 2011 or so when people were first learning about it and there was skepticism.
 

LukeTbk

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Sep 10, 2020
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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.

I haven't read the message at the time, has for number 2 I am not so sure to understand, the fact that the people do mining component cannot make them fast enough and sell everything the second they hit a "shelf" make it problematic ? I imagine people selling shovels/jeans and so on in 49 made a lot of money in similar ways, because of the shortage in the region.

If someone in march think to himself, hum with the world insecurity I can easily see a next crypto boom, but I am uneasy investing in it I will buy Nvidia stock instead, he would have made 250-300% on it's investment in less than 12 months (with 0 work and a very small risk)
 

MrGuvernment

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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.

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
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 companies :D XRP 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.
 

cdabc123

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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 companies :D XRP 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.
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.

eth,btc,monero,zcash,ltc are all doing better then xrp is so if your only goal is to buy somthing to make money off of there are better options.

eth is used in real world companies in a much more healthy manner.

xrp is a shitcoin and your only going to beat btc or other crpytos if you buy in at the right time when they pull another pump and dump to try to cash in abit more of the free bs thats been handed around.
 
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