(your coinbase login will work for both). Also use Eth for moving to different exchanges. Saves tons on fees and way faster compared to bitcoin.
Binance is good, withdrawal fees can be high on some, but they tend to have some smaller caps.
Bittrex I've had good luck with.
Gemini took literally over 5 months to verify me last year. Ridiculous.
Those who want to jump on the recent Ripple explosion should read into it a bit first. Way too centralized for me. I'm liking stellar lumens instead. Need to read more personally.
RaiBlocks. Do it. Feeless transactions and can support tons. (like 7k/sec) On a shit exchange right now (bitgrail) , but it's worked fine for me. About to rebrand and get listed on Binance.
Request network is another worth looking into.
Lots of shitcoins out there. Do research. Be careful. Keep shit in your wallet, not an exchange.
Link is down. Could you repost? I would love to network with some of you who have knowledge in this. I have an acquaintance who has made a lot of money in crypto and a friend who would have but sold sometime in 2016. Another friend's father would have been a millionaire too.
You’ll see some exchanges will let you use others but get your feet wet with those, cheaper and faster than BTC. And when transferring to an exchange ALWAYS double check you are sending the right coin to a compatible address. Start with a small amount and test it to make sure it goes through OK. Binance and Bittrex are two solid exchanges. When you’re ready to branch out and buy coins that are new or maybe limited you’ll need to join Kucoin, Cryptopia, etc.
thanks for all the interesting discussion. I am going Â
to screenshot most of this and reference this in the future. I am kind of knew, but made a huge mistake last night.
Unfortunately, I bought a new phone tonight and Google Authenticator did not fully copy over. So my Binance 2-step verification is gone. I sent them an email, but I heard it can be weeks before they respond, so i have all this money and I can't do anything with it. Luckily, Bittrex is smart and gives you a secret key, just in case things like this happen.
So I bought some bitcoin in coinbase and transferred over to Kraken to buy ripple or stellar. I keep getting an insufficent funds message although it looks like I have more than enough to purchase. Any thoughts?
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
I found an amazing group with a guy that’s made millions on this. He Â
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
This might be the most important thing in this thread for all you people chasing xrp. All the crap you read about Bank involvement is in regards to ripple technology. There is no need for banks to use xrp. This is why you research and not chase gains.
RE: I found an amazing group with a guy that’s made millions on this. He Â
The Slack group is called Appolo Group/Moon Missions. His twitter handle is @CryptoM1KE. You can start in the free group with general chat and then join the private channels if you want for only $50 a month. Let me know if you join, I'll give him a heads up. Here's the link - ( New Window )
$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Ah yeah that's why, I learned that lesson quick too. And Binance has been down for maintenance so it's probably taking extra long. Next time use GDAX to send ETH or LTC.
I think it's bad form to advise noobs to chase your favorite pump Â
and dump coins that have very poor value propositions upon closer examination. Some of you guys may be "good" at getting out at the right time, but a lot of people get left holding heavy bags of shit coins when the pump is over.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
RE: I think it's bad form to advise noobs to chase your favorite pump Â
and dump coins that have very poor value propositions upon closer examination. Some of you guys may be "good" at getting out at the right time, but a lot of people get left holding heavy bags of shit coins when the pump is over.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
Who here has done that? Everyone has reiterated to do your own research and NOT chase pumps like XRP.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
It’s worth the research, yes it’s a risk but if you’re confident in the project you have the chance to make a ton more money than buying established coins.
but it’s really no different from penny stocks. I get the appeal but most people than aren’t careful will lose money. It’s just a fact of how these things work.
but it’s really no different from penny stocks. I get the appeal but most people than aren’t careful will lose money. It’s just a fact of how these things work.
Yeah true. Just have to be smart about it. Almost every new ICO always pumps when first listed if you want a quick buck. But I only buy and hold good projects long term, usually selling gains and reinvesting.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
Yep, that was my thought process. Didn't want to deal with another exchange. Sucks. Live and learn!
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
I see bitcoin like betting on a game.
My strategy is to:
1) Monitor, when it drops below 12,000, purchase 1,000 or so, then sell when it gets to 15,000.
-To me, it seems a lot of people are doing this. I do NOT see a market crash coming. I see a lot of people simply waiting for it to drop, then buying, which is why in the last 2 weeks it has been pretty stable between 12-15,000.
Agree?
Good strategy?
2) I have been monitoring only bitcoin and just through coinbase. Should I be using other sites or monitoring other currancies, or for my amateur purposes is this ok?
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Honestly it probably will be in the short term. But for the reasons widmerseyebrow listed above, it could screw a lot of people.
That high of a price, we'd be looking at a huge market cap for a coin with no true adopted purpose.
know anything about TRX (Tron), a buddy of mine got in when it was at .04 and its at .19 today
Yup, great project with still a ton of room to grow. A huge partnership announcement next week and a new exchange at the end of the month. Been in since .07
Thank you all for a very informative discussion and links. I've been reading various things since yesterday (mostly reddit) to get a better understanding.
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Let me break this down numerically.
Currently, XRP has a market cap that is MORE THAN HALF of Bitcoin. That is NOT sustainable at the current price and will definitely not be sustainable if it goes higher.
A $30 XRP which over 38 Billion coins in circulation (not really because Ripple holds the majority, but for arguments sake..) means Ripple would have a $1.1 Trillion market cap, which would currently be about 5 times to market cap of Bitcoin, which currently holds over 30% of the entire crypto market cap.
A $1.1 Trillion market cap would also nearly double the market cap of every other single coin combined, at current levels.
There are simply too many coins in circulation for XRP to reach that price, in my opinion. Also, XRP is not Ripple. Ripple is the centralized company that controls XRP, XRP is the coin.
I have minor exposure to a few altcoins on Binance Â
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Not sure if there's a hardware wallet that is compatible with TRON, Cardano or Stellar yet but if they become popular enough, the Ledger Nano S hardware wallet will most likely support them eventually. It currently supports XRP, though.
I've held a few BTC worth of coins on Binance for long periods of time. As long as you have 2FA and all possible security features Binance offers enabled, I wouldn't call it extremely risky.
As for ICO's, I don't think it's too late once they reach exchanges. However, the tide seems to be turning quickly on that point as alts become more and more popular and people try to make a million off of $100. That trend could easily reverse though, and I think it will. Daddy Bitcoin is still king.
RE: I have minor exposure to a few altcoins on Binance Â
Stellar, Tron, Cardano and Ripple - my question is where are you guys storing all your altcoins?
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
I mean keeping them anywhere other than in cold storage is "risky" but as long as you have 2FA enable on an established exchange you should be fine. I keep them there mostly because I trade a lot throughout the day but in time I will consolidate and move them offline.
They have a vested interest in growing the value of XRP and they are going after a market that is in the trillions. Bitcoin's 250bn "market cap" is not all that relevant when trying to project who's going to be standing 5 years from now.
To clear up the confusion regarding XRP the token and the Ripple network:
Yes, FIs can use the Ripple network without using XRP and still enjoy a cost savings over using SWIFT. However, they enjoy more savings switching over to XRP. It's like if FIs are using horse and cart right now and Ripple the company is offering to let them pilot test railroad tracks. The FIs are free to use the tracks with rail carts, but Ripple has a locomotive (XRP) when they are ready. If one competitor opts for the locomotive, how long do you think it will be until others adopt?
If you don't believe me, feel free to look up the growing list of major FIs.
The Coinbase rumors are all fine and dandy, but their lead developer let slip that the Q4 report will announce two partnerships with major household names.
I put $9,700 into Bitcoin and Litecoin and then sold small pieces over a few weeks to get my $9,700 back. Plus $3100 profit which I used to buy 2 shares of Amazon and a nice new bike!
Still holding 15 Litecoin and .85 Bitcoin.
So I opened a Binance account today and I'm waiting for a transfer of .25 Bitcoin from Coinbase to Binance to complete.
Then I'll buy Ripple.
I agree when Coinbase supports Ripple, then Ripple will explode.
So I am very conservative, this is not an investment, it's play money, and I've got all my play money back in my pocket.
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
When you transfer currency out of GDAX, it leaves your GDAX account and goes into an intermediate Coinbase account in your same name. From there, it goes out to the address you sent it to.
If you’re having trouble locating the status, log into Coinbase using your GDAX credentials (or you can get there through the account settings menu on GDAX). If you go to the “Accounts” tan within Coinbase and choose the wallet for whichever currency you attempted to send, you should be able to see the status of the transfer.
Binance is good, withdrawal fees can be high on some, but they tend to have some smaller caps.
Bittrex I've had good luck with.
Gemini took literally over 5 months to verify me last year. Ridiculous.
Those who want to jump on the recent Ripple explosion should read into it a bit first. Way too centralized for me. I'm liking stellar lumens instead. Need to read more personally.
RaiBlocks. Do it. Feeless transactions and can support tons. (like 7k/sec) On a shit exchange right now (bitgrail) , but it's worked fine for me. About to rebrand and get listed on Binance.
Request network is another worth looking into.
Lots of shitcoins out there. Do research. Be careful. Keep shit in your wallet, not an exchange.
I have converted a bunch back into fiat. I personally like gemini exchange.
US investors usually cannot get into these icos. But many still find a way to do it.
icobuyer slack:
https://join.slack.com/t/icobuyer/shared_invite/enQtMjM3NzQyNzU0NzU0LTYxNTgyNDk0MWRiOWZmYWRjZTdjMTVlZmI3NWVkY2I0MjcxZjZhMTI2OTRmMWU0MTE3OTNkM2E4M2QyMjgzZDE
Link is down. Could you repost? I would love to network with some of you who have knowledge in this. I have an acquaintance who has made a lot of money in crypto and a friend who would have but sold sometime in 2016. Another friend's father would have been a millionaire too.
Unfortunately, I bought a new phone tonight and Google Authenticator did not fully copy over. So my Binance 2-step verification is gone. I sent them an email, but I heard it can be weeks before they respond, so i have all this money and I can't do anything with it. Luckily, Bittrex is smart and gives you a secret key, just in case things like this happen.
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
the more shitcoins you own, the bigger your body check and more likely you will lose all value.
please just stick to the bigger mcap coins out there btc/eth/ltc/xmr/zcash/eos. you guys are too old to be gambling.
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Thanks
Quote:
I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Quote:
In comment 13770726 huygens20 said:
Quote:
I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
This might be the most important thing in this thread for all you people chasing xrp. All the crap you read about Bank involvement is in regards to ripple technology. There is no need for banks to use xrp. This is why you research and not chase gains.
Thanks
The Slack group is called Appolo Group/Moon Missions. His twitter handle is @CryptoM1KE. You can start in the free group with general chat and then join the private channels if you want for only $50 a month. Let me know if you join, I'll give him a heads up.
Here's the link - ( New Window )
what coin did you send? Is it showing as pending? It shouldn't take that long.
Quote:
$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Very he helpful site.
Pay your taxes.
Link - ( New Window )
Quote:
In comment 13770779 TommyWiseau said:
Quote:
$500 to play around with, this thread was a big help. Still am a bit clueless, my transaction from Coinbase to Binance is taking forever it seems
what coin did you send? Is it showing as pending? It shouldn't take that long.
Sent BTC which I learned after is not the best one to send over. It does show pending
Ah yeah that's why, I learned that lesson quick too. And Binance has been down for maintenance so it's probably taking extra long. Next time use GDAX to send ETH or LTC.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
And lets not pretend like we couldn't just throw a dart and any coin from early December and not have at least doubled our money now if you didn't pick an outright scam. There's a lot more attention now to crypto and virtually every coin under a buck is being bought up in hopes of selecting the next big pump.
Who here has done that? Everyone has reiterated to do your own research and NOT chase pumps like XRP.
Quote:
It seems sketchy from the stuff I am reading.
It is sketchy. Most people will fail at it. Unless you invest serious time on this stuff it’s probably best to stick the main players and suck up making less margin.
They are essentially penny stocks.
It’s worth the research, yes it’s a risk but if you’re confident in the project you have the chance to make a ton more money than buying established coins.
Yeah true. Just have to be smart about it. Almost every new ICO always pumps when first listed if you want a quick buck. But I only buy and hold good projects long term, usually selling gains and reinvesting.
Quote:
In comment 13770820 BigBlue4You09 said:
Quote:
In comment 13770726 huygens20 said:
Quote:
I humbly submit my credentials:
I've been buying btc since $100.
1- go gamble, just dont buy xrp.
2- learn the mechanics of trading. Dont be an idiot and "buy" on coinbase. use gdax, use gemini, use bitstamp and use limit orders
3- whatever you do, dont buy xrp, its a fake and whatever you read about them competing with swift is false. xrp is not ripple, and there is 0 evidence that shows banks want to use xrp. they want to use ripple.
4- know that you are about to be a part of the biggest bubble in your lifetime. this is gonna be bigger than the internet bubble.
+1, the FOMO is unreal with XRP. Do not chase pumps, especially ones like this. Research!! So many better other coins out there with much larger opportunities for growth.DRGN, XRB, LEND, ICX, ZRX, WAN soon just to name a few.
Ugh, XRB. On Thanksgiving weekend, I was going to buy 1K at .20. I decided to just use that money for Christmas gifts. Been sick for a few weeks over that decision. Would have been worth 150K a month later.
Once it hits binance I think whales take some profit, though. It has very low volume on its current exchanges
Well you're not the only one, I held out a long time because BitGrail blows and I didn't want to join another exchange. UGH oh well, learn from our mistakes.
Yep, that was my thought process. Didn't want to deal with another exchange. Sucks. Live and learn!
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
My strategy is to:
1) Monitor, when it drops below 12,000, purchase 1,000 or so, then sell when it gets to 15,000.
-To me, it seems a lot of people are doing this. I do NOT see a market crash coming. I see a lot of people simply waiting for it to drop, then buying, which is why in the last 2 weeks it has been pretty stable between 12-15,000.
Agree?
Good strategy?
2) I have been monitoring only bitcoin and just through coinbase. Should I be using other sites or monitoring other currancies, or for my amateur purposes is this ok?
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Honestly it probably will be in the short term. But for the reasons widmerseyebrow listed above, it could screw a lot of people.
That high of a price, we'd be looking at a huge market cap for a coin with no true adopted purpose.
Yup, great project with still a ton of room to grow. A huge partnership announcement next week and a new exchange at the end of the month. Been in since .07
Question is about FOMO of XRP. I understand from reading about it and comments on this board that it's a crappy coin with others being better buys. The owner has roughly 20% of it.
However, I've also read several opinions that due to FOMO of XRP it will still take off after it's added to coinbase fairly soon. I've seen potential prices in the $15-30 range. I get that it's probably just wishful thinking. But please explain why if XRP is added to coinbase and average person (i.e. unknowing coinbase buyer) has accessibility, will it not get a high boost? Or do you believe that due to its marketcap, the high demand will be met by the number of high selloffs?
Thank you all. This is very interesting stuff
Let me break this down numerically.
Currently, XRP has a market cap that is MORE THAN HALF of Bitcoin. That is NOT sustainable at the current price and will definitely not be sustainable if it goes higher.
A $30 XRP which over 38 Billion coins in circulation (not really because Ripple holds the majority, but for arguments sake..) means Ripple would have a $1.1 Trillion market cap, which would currently be about 5 times to market cap of Bitcoin, which currently holds over 30% of the entire crypto market cap.
A $1.1 Trillion market cap would also nearly double the market cap of every other single coin combined, at current levels.
There are simply too many coins in circulation for XRP to reach that price, in my opinion. Also, XRP is not Ripple. Ripple is the centralized company that controls XRP, XRP is the coin.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
Not sure if there's a hardware wallet that is compatible with TRON, Cardano or Stellar yet but if they become popular enough, the Ledger Nano S hardware wallet will most likely support them eventually. It currently supports XRP, though.
I've held a few BTC worth of coins on Binance for long periods of time. As long as you have 2FA and all possible security features Binance offers enabled, I wouldn't call it extremely risky.
As for ICO's, I don't think it's too late once they reach exchanges. However, the tide seems to be turning quickly on that point as alts become more and more popular and people try to make a million off of $100. That trend could easily reverse though, and I think it will. Daddy Bitcoin is still king.
Is leaving them in binance extremely risky? I hate having to wait days to move these things around if I want to trade from one to another.
As for the ICO posters - for those of us that find it too complicated to get in on the ICOs themselves, do you think we can still profit by buying them when they get onto an exchange like binance? Or is it too late by then?
Thanks for all the advice on this thread - great stuff.
I mean keeping them anywhere other than in cold storage is "risky" but as long as you have 2FA enable on an established exchange you should be fine. I keep them there mostly because I trade a lot throughout the day but in time I will consolidate and move them offline.
To clear up the confusion regarding XRP the token and the Ripple network:
Yes, FIs can use the Ripple network without using XRP and still enjoy a cost savings over using SWIFT. However, they enjoy more savings switching over to XRP. It's like if FIs are using horse and cart right now and Ripple the company is offering to let them pilot test railroad tracks. The FIs are free to use the tracks with rail carts, but Ripple has a locomotive (XRP) when they are ready. If one competitor opts for the locomotive, how long do you think it will be until others adopt?
If you don't believe me, feel free to look up the growing list of major FIs.
The Coinbase rumors are all fine and dandy, but their lead developer let slip that the Q4 report will announce two partnerships with major household names.
Still holding 15 Litecoin and .85 Bitcoin.
So I opened a Binance account today and I'm waiting for a transfer of .25 Bitcoin from Coinbase to Binance to complete.
Then I'll buy Ripple.
I agree when Coinbase supports Ripple, then Ripple will explode.
So I am very conservative, this is not an investment, it's play money, and I've got all my play money back in my pocket.
Now it's kind of fun!
Thanks for all the helpful info in this thread!
No this is very abnormal, I'm waiting on an ETH transfer too. Maybe due to the increase in volume, not sure.
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
Post again if the transaction hasn’t gone through in a few hours and we’ll check the blockchain
When you transfer currency out of GDAX, it leaves your GDAX account and goes into an intermediate Coinbase account in your same name. From there, it goes out to the address you sent it to.
If you’re having trouble locating the status, log into Coinbase using your GDAX credentials (or you can get there through the account settings menu on GDAX). If you go to the “Accounts” tan within Coinbase and choose the wallet for whichever currency you attempted to send, you should be able to see the status of the transfer.
Of 4 coins yes.