Bitcoin

[IronMonster]

Would you buy ripple today?

Hell no...

 

[Oregonhunter5]

Hell no...

How come? Not even $1,000

 

[MilitantBEEMER]

Would you buy ripple today?

Based on my limited knowledge, yes if I had the extra funds I would. They have an agreement with Microsoft and Samsung from what I understand. Tron is another I would invest in. I am not a financial advisor, nor do I play one on TV or the interwebs. Invest at your own risk

 

[USMC1911]

So would I. It has the second largest market cap of the coins. ETH is gaining ground also. If ripple can gain some ground in the next couple days and overcome the bad news imo it could really take off.

 

[teflon6string]

I'm interested in Ripple (XRP), too, but not savvy enough to confidently choose a safe method to get it since Coinbase does not. Anyone here buying XRP? Where/how?

 

[MilitantBEEMER]

I'm interested in Ripple (XRP), too, but not savvy enough to confidently choose a safe method to get it since Coinbase does not. Anyone here buying XRP? Where/how?

Did a google search and found this
How to buy Ripple (XRP) in 3 Simple Steps - A Beginner's Guide

 

[IronMonster]

How come? Not even $1,000

Because Ripple is not a blockchain currency... It is pure fiat, created out of thin air as much as they want.

I have no idea what Bitcoin or other actual cryptocurrencys will do... But Ripple is just riding the wave and will not survive.

I have no idea how long it will go, maybe a long time. I just know that the only reason it is going is because of hype, not any fundamental usefulness

 

[Oregonhunter5]

Because Ripple is not a blockchain currency... It is pure fiat, created out of thin air as much as they want.

I have no idea what Bitcoin or other actual cryptocurrencys will do... But Ripple is just riding the wave and will not survive.

I have no idea how long it will go, maybe a long time. I just know that the only reason it is going is because of hype, not any fundamental usefulness

I see.. but what you said about ripple, isn't that what we think about bitcoin and all these types of non-backed investments?

 

[USMC1911]

What investment other then gold is really backed by anything? Bitcoin is backed by more then even the dollar.

 

[IronMonster]

I see.. but what you said about ripple, isn't that what we think about bitcoin and all these types of non-backed investments?

It might be what you think about it, but it's not right. Bitcoin must be mined, it requires energy and effort to produce making each new one that comes into existence theoretically more "valuable" the the last. It is finite, there is a fixed amount that can be mined period.

Ripple is none of those things, it can be infinitely produced at no cost by its issuer

 

[IronMonster]

What investment other then gold is really backed by anything? Bitcoin is backed by more then even the dollar.

Gold is no different... it's just a rock and only valuable because people think it's valuable.

At least it's real though.

 

[teflon6string]

Thanks MB, good info. When it comes to doing anything financial online with something new like this (for me anyway) I'm content to timidly follow where others have boldly gone before. Amazon Prime should sell cryptos!

 

[IronMonster]

So I see Bitcoin is down almost 50% for its high, Ripple is down 70% since the above ask if it was a buy?

 

[Oregonhunter5]

So I see Bitcoin is down almost 50% for its high, Ripple is down 70% since the above ask if it was a buy?

I heard ripple is owned by a bank. There attempt to Join this crazy thing.

 

[USMC1911]

Yup today was brutal. Talk of regulations and bans by some country's really has hurt the value.

 

[3MTA3]

Ripple is down 70%

Any urban camper would have told you to go long on MD 20/20 instead...

Yup today was brutal. Talk of regulations and bans by some country's really has hurt the value.

Hoping things bounce back for those of you who invested. I was just thinking about spreading some cash across the several top currencies and letting the dice roll - if even one hit over the next year could get a huge profit. I'm glad right now Mrs 3M talked me out of it.

 

[USMC1911]

IMO this is the next generation of banking and exchanging money. The question is who will be the innovators and who's the imitators?

 

[bolus]

So is now a good time to buy? I saw the suicide hotline posted on one of the bitcoin forums. that usually means it is a good time to buy

 

[EPS]

So is now a good time to buy? I saw the suicide hotline posted on one of the bitcoin forums. that usually means it is a good time to buy

Yep let it ride all in bet on black

 

[USMC1911]

So is now a good time to buy? I saw the suicide hotline posted on one of the bitcoin forums. that usually means it is a good time to buy

I would say crapshoot at best right now. The pump and dump is over and volitality today makes for an uncertain outlook. If more talk of regulation or a ban in South Korea your gonna see major corrections.