Dnk Posted June 2, 2018 Share Posted June 2, 2018 (edited) Why are you so wedded to XRP mate? Honestly it's one of the few coins I and many others don't hold now. Is it because it's cheap? /QUOTE] I have bought and sold them and made a nice profit over the past few months, purely by luck i'll admit but i was watching the price closely but guessed right for the dip at the bottom and got out before they peaked and dropped again, i am no clever investor for sure. But I read lots of encouraging news and watching the video i posted along with other info i've decided to see where XRP goes. If it goes to above $300 in the next 3-4 years i will be a very very happy bunny, if it crashes to nothing i've lost nothing as i'm gambling with my winnings so to speak. We'll see Edited June 7, 2018 by Dnk (see edit history) Quote Link to comment Share on other sites More sharing options...
Marty Posted June 2, 2018 Share Posted June 2, 2018 £300 per ripple? Videos aside, do you understand marketcap Dnk and why £300 per ripple will never happen? Genuine question here, happy to explain it to you. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted June 2, 2018 Share Posted June 2, 2018 £300 per ripple? Videos aside, do you understand marketcap Dnk and why £300 per ripple will never happen? Genuine question here, happy to explain it to you.Could not agree more! Ripple has no chance Dunk of getting above £20 EVER in my eyes. Even assuming Bitcoin hit $5m (some mental figures banded around) then at the 23m limited supply that's a $250trillion market cap assuming Bitcoin maintains market share which would dwarf the stock market, bonds, gold etc. So assume Ripple hits £300 and there will be a max supply of 100,000,000,000 and current share is 1.66% of total market cap then that puts Ripple at around £30trillion [emoji23][emoji23][emoji23][emoji23][emoji23] Quote Link to comment Share on other sites More sharing options...
Dnk Posted June 2, 2018 Share Posted June 2, 2018 Well i'm a gambler so we'll see where they go, if they make $10 i'll be making a tidy profit. Quote Link to comment Share on other sites More sharing options...
Dnk Posted June 3, 2018 Share Posted June 3, 2018 I'm no trader for sure but ive tried to read up as much as my brain will take in, yes a lot of it i don't understand. I thought i understood market cap but perhaps i dont. In the Crypto currency chart XRP is 3rd highest, there are several beneath them but with higher market price so why can't XRP achieve a higher market price ? https://coinmarketcap.com/ Quote Link to comment Share on other sites More sharing options...
Sheefa Posted June 3, 2018 Share Posted June 3, 2018 I'm no trader for sure but ive tried to read up as much as my brain will take in, yes a lot of it i don't understand. I thought i understood market cap but perhaps i dont. In the Crypto currency chart XRP is 3rd highest, there are several beneath them but with higher market price so why can't XRP achieve a higher market price ? https://coinmarketcap.com/You need to look at total supply and circulating supply Dunk. Bitcoin has something like 19million circulating supply with 23 million total supply - the last Bitcoin will be mined around 2140. With Ripple you have a total supply of 100,000,000,000 which basically means the entire planet can own a fair few. Basic fundamentals of supply and demand my friend. Quote Link to comment Share on other sites More sharing options...
Dnk Posted June 3, 2018 Share Posted June 3, 2018 I understand that Greg but what i don't get is how can so many supposed people who do this professionally if you are right and this wont even get to $20 be so wrong ? Quote Link to comment Share on other sites More sharing options...
Sheefa Posted June 3, 2018 Share Posted June 3, 2018 I understand that Greg but what i don't get is how can so many supposed people who do this professionally if you are right and this wont even get to $20 be so wrong ?It's basic maths mate. John McAffee also said Bitcoin would hit £5m recently. That would put market cap at well over £270trillion. Put it this way as soon as the market cap approaches £9-10trillion I'm completely exiting crypto as will many many others including countless "professionals" Quote Link to comment Share on other sites More sharing options...
Marty Posted June 3, 2018 Share Posted June 3, 2018 Agree with Sheefa. When the new bull cycle starts (may be a while yet) we'll no doubt end up in the trillions of $ total market cap, once that bull cycle is over i'll probably be out too. I may keep a couple of btc just in case it ends up at a silly value but i can't really see it. Dnk, with regards to XRP, you may see $10ish on the next cycle, maybe more but don't be holding out for $300 Like Sheefa says, that'd give it a cap of tens of trillions of dollars alone. There is just not enough liquidity in the markets to get anywhere near that price, especially with there being such a big supply of ripple. Happy to be proven wrong but chances are non existent in my eyes. Small fortune are made by doing some research and buying some micro/low cap cryptos, these are the ones that could 100x their value. Example of this, £1000 of BNB (binance token) in august was worth £250k in january. Risk is higher obviously but reward is far greater. Quote Link to comment Share on other sites More sharing options...
Marty Posted June 3, 2018 Share Posted June 3, 2018 I understand that Greg but what i don't get is how can so many supposed people who do this professionally if you are right and this wont even get to $20 be so wrong ? Most professional traders play market cycles. The ones that make these videos want you to buy these cryptos, and there's no better way to do it than to pray on greed. Besides, if you buy it as well as the countless others that watch the vid it drives the price up, creates liquidity and they can sell you their bags Dnk, if you are just randomly buying these cryptos without any TA (technical analysis) knowledge etc you will sooner or later lose your money, especially in a bear market, no offense meant. Theres a guy on twitter i follow, cryptocred, he has free educational stuff that is worth its weight in gold. Here ... https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit Spend a couple of hours watching his vids then go to tradingview.com and have a little go yourself at the charts. Its simple stuff and easily learnt and will give you more of an understanding of the cycles etc. You'll also massively increase your profits Same goes for anyone else dabbling, this applies to all markets not just cryptos. Quote Link to comment Share on other sites More sharing options...
Dnk Posted June 4, 2018 Share Posted June 4, 2018 Thanks for the link Marty Quote Link to comment Share on other sites More sharing options...
Sheefa Posted June 17, 2018 Share Posted June 17, 2018 https://medium.com/@habs/is-ripple-a-true-cryptocurrency-ead6d28a359c One of the RT Crypto members just released this blog about Ripple. Spot on. Quote Link to comment Share on other sites More sharing options...
Style Posted August 14, 2018 Share Posted August 14, 2018 The downward spiral continues with little sign of slowing. I don't think I can pass up NEO at nearly £10! Quote Link to comment Share on other sites More sharing options...
Tabz Posted August 14, 2018 Share Posted August 14, 2018 It’s quite depressing, difficult to see it recovering or getting anywhere near what it was last December. Quote Link to comment Share on other sites More sharing options...
Ric Posted August 14, 2018 Share Posted August 14, 2018 It’s quite depressing, difficult to see it recovering or getting anywhere near what it was last December. eventually. Im in storage mode at the moment, it's not worth getting rid at current prices. All the weak hands selling for fear of future losses, ill come back to mine in a year and see. Quote Link to comment Share on other sites More sharing options...
Tabz Posted August 14, 2018 Share Posted August 14, 2018 (edited) eventually. Im in storage mode at the moment, it's not worth getting rid at current prices. All the weak hands selling for fear of future losses, ill come back to mine in a year and see. Exactly what I’m doing to be honest. Currently 65% down on initial investment, would be silly to sell now. Edited August 14, 2018 by Tabz (see edit history) Quote Link to comment Share on other sites More sharing options...
el_bandido Posted August 14, 2018 Share Posted August 14, 2018 I've just put another grand into Ethereum. Probably going to chuck another 500 quid at chain link on pay day. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted August 14, 2018 Share Posted August 14, 2018 Yes holding £20k down. Not crystilising any losses as that would be mad. If you have spare capital might be worth buying to cost average but only risk capital. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted August 14, 2018 Share Posted August 14, 2018 Am I the only one massively up in the last 12 months? I sold so much stuff at the end of the year last year. Quote Link to comment Share on other sites More sharing options...
Marty Posted August 14, 2018 Share Posted August 14, 2018 The downward spiral continues with little sign of slowing. I don't think I can pass up NEO at nearly £10! We needed this, a lot of cryptos were/are so overvalued. We are probably at the capitulation stage now with regards to some alts, has been a tough 24hrs for them. I don't see it ending just yet either. I can see Eth taking more of a hit due to massive amounts still being held by Icos, sooner or later they are going to panic sell it if this continues. Am I the only one massively up in the last 12 months? I sold so much stuff at the end of the year last year. I think a lot of people got caught up in the euphoria of neverending gains that they didn't take profit until it was too late. Sifting through forums, social media etc there is so many people rekt it's unbelievable, tough lesson in risk management for some. I sold out all except one bag in early feb for a very healthy 5figure profit. Bag i kept on to is currently 50% underwater but i bought with crypto profits only so i don't mind - being the 4th largest holder of it worldwide i'm happy to hold on to 0 or moon Quote Link to comment Share on other sites More sharing options...
el_bandido Posted August 14, 2018 Share Posted August 14, 2018 I just don't understand how anyone could have thought a giant ramp up and ATH was the right time to buy. Every time that's happened in crypto, it's crashed and found a new (higher) base level. I went over 20x gains on some coins and knew my exit point for everything. I don't feel an ounce of sympathy for anyone who bought in January, the writing was on the wall and anyone who spent more than they could afford to lose only has themselves to blame. Quote Link to comment Share on other sites More sharing options...
Marty Posted August 14, 2018 Share Posted August 14, 2018 (edited) I just don't understand how anyone could have thought a giant ramp up and ATH was the right time to buy. Every time that's happened in crypto, it's crashed and found a new (higher) base level. I went over 20x gains on some coins and knew my exit point for everything. I don't feel an ounce of sympathy for anyone who bought in January, the writing was on the wall and anyone who spent more than they could afford to lose only has themselves to blame. I think that's a bit harsh pal, no one deserves financial ruin. People should have done a bit more research into market cycles etc though i agree, it's way too easy to be influenced by social media 'experts' etc though, especially when you see things flying up in value it's human nature to want to be part of it, fomo as they say. I could also see this coming a mile off, i held on to most of my bags longer than i should have even though i knew what was coming, the last time i put £ into crypto was early last october i think as i already thought everything was overvalued back then It's going to be interesting to see where we end up with this bear cycle, a lot of people are expecting $4.8k to be the bottom, however i doubt it. Take this with a pinch of salt but i wouldn't be surprised to see 'the capitulation crash' (if we get one) hit the peak $ value of the previous bull run. Edited August 14, 2018 by Marty (see edit history) Quote Link to comment Share on other sites More sharing options...
el_bandido Posted August 14, 2018 Share Posted August 14, 2018 If you put yourself in the position where you could be financially ruined by the highest risk investment around, you deserve it for being that stupid with your money. It's never been a secret that crypto is high risk, high reward. I think the next week or two is going to be interesting, I'm moving money back in at this point. Quote Link to comment Share on other sites More sharing options...
Marty Posted August 15, 2018 Share Posted August 15, 2018 (edited) If you put yourself in the position where you could be financially ruined by the highest risk investment around, you deserve it for being that stupid with your money. It's never been a secret that crypto is high risk, high reward. I think the next week or two is going to be interesting, I'm moving money back in at this point. There was a guy on reddit the other day who admitted to getting a $300k loan and sticking it all into crypto, in january this year! rekt. Think we are due a bit of a bounce over the next few weeks after this drop, could be some good short term profits to be made. I'm staying on the sidelines for now though. Edited August 15, 2018 by Marty (see edit history) Quote Link to comment Share on other sites More sharing options...
Style Posted August 15, 2018 Share Posted August 15, 2018 There was a guy on reddit the other day who admitted to getting a $300k loan and sticking it all into crypto, in january this year! rekt. Think we are due a bit of a bounce over the next few weeks after this drop, could be some good short term profits to be made. I'm staying on the sidelines for now though. I think I saw that thread, put his statements up to show you how far up shit creek he'd managed to get himself. Was paying out over $2k in repayments a month and his investment is down 90% The only thing I'm trying to keep an eye on at the moment is any mainnet launches for token swaps. VEN moved away from ERC20 last month and I missed the token swap on Binance. Thankfully it can still be done but I've seen people come back to their holdings after taking a break with assets that are now worthless because they missed the token swaps and all support for the swap had stopped. Quote Link to comment Share on other sites More sharing options...
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