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ECON What is Bitcoin? A POSITIVE Thread For Learning About Crypto Currencies
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  1. #81
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    15 I am sorry if I offended you, when i was trying to keep thread on topic.

    Quote Originally Posted by Hfcomms View Post
    We're learning together. The video that I posted was very helpful to me as Mike covers a lot of history and why he thinks the crypto's are the money of the future. The only crypto I could really get excited about is a real gold backed crypto that has verifiable and audited gold thereby providing a real store of value and intrinsic worth. That might be in the works. I know their is crypto 'gold' coins but for the most part right now they seem to be backed with as much real gold as the current paper gold offerings from the bullion banks. The only reason I like XRP is because of the current price, overall market cap and because it's becoming a favorite of the bankers.
    HF, This video by Mike Maloney is a wonderful introduction to the blockchain and I wish I would have known about it before I started this thread. This youtube by mike should be the introduction vid for this thread.

    I apologize for shooting my mouth off and offending any of you.
    Just trying to help.

    Threads always get out of control and I thinks this information is so critical that I have moved way out of my comfort zone to share and at the same time herd some cats. I prefer to lurk and learn.

    Sincerely,
    Paul
    et conciderunt ligna, ergo sum

  2. #82
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    I did just the opposite, I admitted to an extensive LACK of knowledge. I'm just trying to learn. Honestly and sincerely.

    I understand now that my 'philosophical questions' belong elsewhere, so I'll take those inquiries elsewhere - to that error, I agree and apologize. But, I am not taking my ball home; I'll remain here, reading this thread in an attempt to learn.

    This is a great thread - I'll keep reading and learning.

    Please, everybody, keep posting your information - as it is of great assistance to us all.


    HB
    Quote Originally Posted by paul bunyan View Post
    ....
    Now he has admitted to extensive knowledge about the subject, he will take his ball and go home, to heck with the rest of us.
    ************************************************** ******************************
    ....
    "The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance."
    Cicero, 55 BC
    Roman author, orator, & politician (106 BC - 43 BC)
    "The more things change, the more they stay the same." -- popular cliché

  3. #83
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    Ripple is taking off like gangbusters and up 40% overnight. Lot's of dollars going into the altcoins right now and more and more banks are going to adopt some part of the XRP system at least in trials to see how it works. I bought the other day at one exchange right now it's at $1.08 and I bought for .68 cents a few days ago I think. I was hoping for a pull back and some consolidation before taking another position but I did do another chunk this morning. One thing I noticed is that I paid a lot more of a mining fee on this transaction than I did the first one and not sure if that is due to network/exchange congestion or what. First transaction was 459 Sat/Byte and this one was 745 Sat/Byte which is pretty outrageous but I didn't find out about it until after I placed the order.

    Still have made a heck of a 'paper' profit in a couple of days but that can pass as quickly as bad gas from broccoli. For those that have an interest in the XRP coin I did find out a couple of places on the net which are very good for discussion. One is on reddit and the other is on a XRP chat forum. What I am noticing is many of those going into XRP see it like I do currently. They really aren't looking for quick gains and are in for the long haul seeing how this particular system is currying the favor of much of the banking establishment currently. I still intend to follow my own advice keeping a level head and in time taking my initial investment out and then play with the 'house money'.

    https://www.reddit.com/r/Ripple/

    https://www.xrpchat.com/

    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  4. #84
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    Quote Originally Posted by Hfcomms View Post
    Ripple is taking off like gangbusters and up 40% overnight. Lot's of dollars going into the altcoins right now and more and more banks are going to adopt some part of the XRP system at least in trials to see how it works. I bought the other day at one exchange right now it's at $1.08 and I bought for .68 cents a few days ago I think. I was hoping for a pull back and some consolidation before taking another position but I did do another chunk this morning. One thing I noticed is that I paid a lot more of a mining fee on this transaction than I did the first one and not sure if that is due to network/exchange congestion or what. First transaction was 459 Sat/Byte and this one was 745 Sat/Byte which is pretty outrageous but I didn't find out about it until after I placed the order.

    Still have made a heck of a 'paper' profit in a couple of days but that can pass as quickly as bad gas from broccoli. For those that have an interest in the XRP coin I did find out a couple of places on the net which are very good for discussion. One is on reddit and the other is on a XRP chat forum. What I am noticing is many of those going into XRP see it like I do currently. They really aren't looking for quick gains and are in for the long haul seeing how this particular system is currying the favor of much of the banking establishment currently. I still intend to follow my own advice keeping a level head and in time taking my initial investment out and then play with the 'house money'.

    https://www.reddit.com/r/Ripple/

    https://www.xrpchat.com/

    Great news HF!

    You may have to change your name to the Ripple Wrangler.

    Excellent write up on how to work with Ripple and why.

    Paul
    et conciderunt ligna, ergo sum

  5. #85
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    Quote Originally Posted by Hfcomms View Post
    Ripple is taking off like gangbusters and up 40% overnight. Lot's of dollars going into the altcoins right now and more and more banks are going to adopt some part of the XRP system at least in trials to see how it works. I bought the other day at one exchange right now it's at $1.08 and I bought for .68 cents a few days ago I think. I was hoping for a pull back and some consolidation before taking another position but I did do another chunk this morning. One thing I noticed is that I paid a lot more of a mining fee on this transaction than I did the first one and not sure if that is due to network/exchange congestion or what. First transaction was 459 Sat/Byte and this one was 745 Sat/Byte which is pretty outrageous but I didn't find out about it until after I placed the order.

    Still have made a heck of a 'paper' profit in a couple of days but that can pass as quickly as bad gas from broccoli. For those that have an interest in the XRP coin I did find out a couple of places on the net which are very good for discussion. One is on reddit and the other is on a XRP chat forum. What I am noticing is many of those going into XRP see it like I do currently. They really aren't looking for quick gains and are in for the long haul seeing how this particular system is currying the favor of much of the banking establishment currently. I still intend to follow my own advice keeping a level head and in time taking my initial investment out and then play with the 'house money'.

    https://www.reddit.com/r/Ripple/

    https://www.xrpchat.com/

    Got into it at .006 in January. It's up ~17,000% since that time.
    Facts?? We don't need no stinkin facts...

  6. #86
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    Quote Originally Posted by Rayku View Post
    Got into it at .006 in January. It's up ~17,000% since that time.
    I hope your taking some profits today. Going up too soon too fast the last week or so. With a vertical spike like this you just know there will be some pullbacks after the initial euphoria.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  7. #87
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    Quote Originally Posted by Hfcomms View Post
    I hope your taking some profits today. Going up too soon too fast the last week or so. With a vertical spike like this you just know there will be some pullbacks after the initial euphoria.
    That is how it works, but I'm not playing it that way. There will be pullbacks, but I'm sticking to my original plan.
    Facts?? We don't need no stinkin facts...

  8. #88
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    Facts?? We don't need no stinkin facts...

  9. #89
    Any thoughts on alternative exchanges for XRP than Kraken? Their new user verify is down (since at least the weekend). Not responding to customer service. Seems they are getting more volume than they can handle. TIA!

  10. #90
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    I think most of them are overloaded right now. If XRP gets on coinbase next year as expected it might be possible to quickly exchange USD right to XRP. As it is now you pretty much have to buy bitcoin or etherum and once that transaction is confirmed then exchanged the bitcoin for ripple. I've used Changelly to buy the bitcoin and once I get it then I also use Changelly to sell the bitcoin over to XRP. They are S L O W right now as expected due to the overall enthusiasm of the crypto's and especially with ripple today. I bought some more bitcoin around 6am this morning and still waiting for it to verify on Changelly. There was a notice on there this morning that it's going to take quite a few hours to process as everything is overloaded. I don't mind though as now XRP has gone back under $1 and it's nice to buy as cheap as possible. Those with more experience can tell you what would work better. As soon as I'm verified on Bitstamp I'll probably use that instead of Changelly. YMMV
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  11. #91
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    You can also trade BTC for XRP on Bittrex.

    Quote Originally Posted by Peter View Post
    Any thoughts on alternative exchanges for XRP than Kraken? Their new user verify is down (since at least the weekend). Not responding to customer service. Seems they are getting more volume than they can handle. TIA!
    http://www.timebomb2000.com/vb/image.php?type=sigpic&userid=3408&dateline=1366774  232
    20 rounds of 7.62x39 … $16 - 20 rounds of .308 Tactical … $31
    The ability to drop dead an attacker with a weapon that can be concealed under your clothes … Priceless. – FerFAL (modified)

  12. #92
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    A theory comes to mind...there are a lot of lesser-known coins out there. Would any of these be sufficiently easy to mine that it'd be worthwhile?

  13. #93
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    Quote Originally Posted by Blacknarwhal View Post
    A theory comes to mind...there are a lot of lesser-known coins out there. Would any of these be sufficiently easy to mine that it'd be worthwhile?
    I'll counter that thought with this one. The lesser known coins are worth a lot less. XRP was .006 at the beginning of the year for instance. ETH was at 25.00 in the same time frame. The first purchase with bitcoin was a pizza and it cost 30,000 BTC.

    The question should be, what have you got to lose by trying?
    Facts?? We don't need no stinkin facts...

  14. #94
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    Quote Originally Posted by Rayku View Post
    I'll counter that thought with this one. The lesser known coins are worth a lot less. XRP was .006 at the beginning of the year for instance. ETH was at 25.00 in the same time frame. The first purchase with bitcoin was a pizza and it cost 30,000 BTC.

    The question should be, what have you got to lose by trying?
    True. But that's the thing. Maybe 2Bacco or any of those are easy enough to mine on like a GPU that you could make a penny a second. Adds up. And that's assuming no wild events like XRP or even bitcoin itself.

  15. #95
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    Dec 17 xrp .73
    Dec 17 btc 19,300

    Midnight Dec 22
    xrp 1.168
    btc 14,863

    Time frame percent change;
    xrp +60%
    btc -22.9896%

    YTD since Jan 1st to midnight Dec 22:
    BTC Jan 1st high 1023.00
    XRP Jan 1st high .0063

    YTD percent change:
    BTC +1352.88367546%
    XRP +18439.6825397%
    Facts?? We don't need no stinkin facts...

  16. #96
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    Fact is for the unsophisticated 'investor' in the crypto currencies [and I'm towards that end] they have watched all these gains and falls and have FOMO going [fear of missing out]. When you look at all the coins out there right now the XRP just surpassed Litecoin in market cap and is again #4 of all the crypto currencies and can still be had for a dollar per coin or less. Now if you wanted to dip your finger into the crypto world [and sense most people are greedy] would you want to buy coins for hundreds or thousands of dollars or would you want a cheap coin for a buck or so that has a huge market cap with the sky being the limit?

    Personally I don't like to speculate very much and that is why I hold physical gold and silver. Yet looking at XRP that is not only a coin but a scalable network that has the interests of a number of banks and major credit card companies as a clearing house network for transactions. Instead of converting the local currency to dollars and then back to another local currency other nations can bypass the dollar [which is en vogue right now] on the network and convert to XRP and then back to the local currency. Bitcoin and others is hamstrung because of slow transaction speed and is expensive. The XRP has a lot of liquidity and can save banks a lot of money per transaction. So there is some value in the platform regardless of the XRP coin and we know that if the banks are involved with more coming online the XRP network is the most friendly of the crypto's to the banks.

    Over the last 24 hours just about everything is down with the exception of XRP and some other minor coins. I really think that after the first of the year [especially if XRP gets on coinbase] when people pay a little more attention to the crypto's I think that XRP could really explode vertically similarly to what BTC and some of the others have done. Personally I don't think XRP is every going to approach the valuation of BTC or some of the others but I wouldn't be surprised at all too see it vault several hundred percent in a very short period of time as people pile in to ride it higher. Right now you can speculate and get in for a buck with a lot of upside with little to lose.

    For some like our friend here that got in at .006 or four a couple of pennies they are in the catbird seat. However, I think there is still a lot of upside and if mania hits XRP like some of the others a lot of $ can be made and cashed out in a short period of time if your not too greedy. A lot of upside with minimal risk. Those are the kind of things to speculate in YMMV.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  17. #97
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    Always pay more attention to percentages.
    Facts?? We don't need no stinkin facts...

  18. #98
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    A general route is in progress against all cryptocurrencies. By midnight last night it was clear what was coming. XRP was an outlier but with the rest dumping it was bound to get hit as well and so it has. For me personally it was time to dump. When it bottoms will be time to get back in.
    Facts?? We don't need no stinkin facts...

  19. #99
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    looks like bitcoin is in a nosedive.

  20. #100
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    HODL folks .... (hold on for dear life )

    The exits are jammed. Somebody yelled fire.

    I believe this is a normal correction in a free market. Probably some big boys playing games too.

    You will not be able to sell out via an exchange. They will be over whelmed.

    Everything is on sale!

    As always, I am not your financial advisor.

    and YMMV,

    Paul
    et conciderunt ligna, ergo sum

  21. #101
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    Quote Originally Posted by okie-carbine View Post
    looks like bitcoin is in a nosedive.
    No, no nose dive. The price charts look like a mountain range, not a single mountain. But still, I feel for everyone out there who mortgaged their houses on this.

  22. #102
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    Quote Originally Posted by Hfcomms View Post
    Fact is for the unsophisticated 'investor' in the crypto currencies [and I'm towards that end] they have watched all these gains and falls and have FOMO going [fear of missing out]. When you look at all the coins out there right now the XRP just surpassed Litecoin in market cap and is again #4 of all the crypto currencies and can still be had for a dollar per coin or less. Now if you wanted to dip your finger into the crypto world [and sense most people are greedy] would you want to buy coins for hundreds or thousands of dollars or would you want a cheap coin for a buck or so that has a huge market cap with the sky being the limit?
    See, that's the thing, though. Those higher-end currencies are largely impossible to produce any more without high-end hardware, and then you're competing with the Chinese, who not only make their own electricity but also their own processors. The cheap coins might be still accessible to us regular folks.

  23. #103
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    Quote Originally Posted by Blacknarwhal View Post
    No, no nose dive. The price charts look like a mountain range, not a single mountain. But still, I feel for everyone out there who mortgaged their houses on this.
    Clif High has described the graphs of this market as "sharks teeth".. Up and down, up and down.
    et conciderunt ligna, ergo sum

  24. #104
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    Quote Originally Posted by Blacknarwhal View Post
    No, no nose dive. The price charts look like a mountain range, not a single mountain. But still, I feel for everyone out there who mortgaged their houses on this.
    Anything that goes almost vertical such as BTC on the way up has the real possibility of coming down just as fast. That is pretty much investing 101. The crypto 'purists' are investing as they think that this is the currency of the future and are disposing the central banks and they see BTC and all the altcoins as a fight for supremacy to see which ones become the top dog and right now even with it's scalability and transaction problems it's still BTC. Greed took a lot of people out with the .com bubble and again with the housing bubble with people mortgaging their homes to flip a second, third or forth one. They saw it as free money and a no lose bet and for those that got in at the end and/or didn't know enough when to get out they lost their shirts.

    Can you imagine the panic of the poor schmucks that bought whole bitcoins at 19K and now see where it is? I knew as soon as they were going to start trading in bitcoin futures that the banksters were going to get BTC by the throat. If we want to know what BTC is going to be doing then watch the futures. If they start to trade futures in other coins I think something similar will happen. And I think this is the popularity of the Altcoins now as money is coming out of BTC and seeking another home. When something can swing from 10% a day more more or even such as XRP that swung 50% wed-thur you know it's not really an investment or even a currency as currency should have some stability of value over time.

    From what I've been reading those that have been into XRP for a long time such as those that got in last year at .006 really don't want to see it going vertical and are a lot more comfortable with slow and steady gains over time. Right now I'm still trying to accumulate a decent position so I'll be buying on pullbacks under $1 as of all the coins this is the one that I see has a real future. But if I purchased 10,000 or 20,000 at the beginning I think I would of taken some profits when it went over $1 and would buy more on the pullbacks. For the time being I'm just buying and holding as I'm new into this but again it goes to say don't speculate more than you can comfortable lose in case it turns turtle and goes belly up.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  25. #105
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    -12.5% in less than three hours is a rough guestimate I use for a threshold for downward movement and +7% for rebound movement. Historically, if either threshold is reached, it's going much further.

    That's for me, your results may vary. My cost have long since been covered and then some. If you're betting the farm on cryptocurrencies, your begging to get the shaft.
    Facts?? We don't need no stinkin facts...

  26. #106
    Fascinating thread.....thanks.... I will definitely stay on board. We are witnessing something totally different here. What is the consensus....... Ripple over the holiday?

  27. #107

    Tax

    The tax bill changed trading between cryptos is my guess. This is a major major issue if we now have to track capital gains going from one crypto to another. I have to think about how to do this myself.

  28. #108
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    Quote Originally Posted by All4liberty View Post
    The tax bill changed trading between cryptos is my guess. This is a major major issue if we now have to track capital gains going from one crypto to another. I have to think about how to do this myself.
    I've been thinking of this as well. As I mentioned in a previous post, keeping a physical ledger will give you a playbook of sorts if the taxman calls.
    I'd rather be paranoid, prepped and wrong than be irrationally happy, frivolous and screwed.

  29. #109
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    Quote Originally Posted by All4liberty View Post
    The tax bill changed trading between cryptos is my guess. This is a major major issue if we now have to track capital gains going from one crypto to another. I have to think about how to do this myself.
    At the moment no. Take profit in the form of cash, gold, or tangible item yes.
    Facts?? We don't need no stinkin facts...

  30. #110
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    6 The First Major Price Correction is OVER... Enjoy the Bounce!

    Folks it has been an interesting 2 weeks. We road the worlds largest rollercoaster to the top. What a view! Then the ride down began. What a full out panic. No Big Brother to step in and calm the markets. The line was held by HODLers, those holding their coins and linking arms refused to let any more Bears beat them up. Yeah, we are bruised, a few broken teeth and bones, but we survived.

    Now you know what a true market cycle is like without Central Banksters intervention.

    Next time we ride the wild flying Unicorn it will be easier to stay in the saddle.

    All top 100 (probably all 1300) coins are in the GREEN this am.

    Visit https://coinmarketcap.com/ for a great chart comparing all the major crypto coin.

    YMMV,

    Paul

    PS: Never use Margin to trade cryptos
    et conciderunt ligna, ergo sum

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    Now you know what a true market cycle is like without Central Banksters intervention.
    Have to disagree with that statement. There has been no market cycle established for cryptocurrencies for a comparison to be made. I still hold that it's a legal ponzi scheme for the time being.

    In the long run, anyone betting their families fortunes on them would have an equal chance of losing as if they threw everything they owned behind a dice roll in Vegas. No one should lose sight of just what they are dealing with.

    Having said that, the banksters as you call them will eventually favor a handful of cryptocurrencies and work them into the world banking system. Anyone who owns them when they are grandfathered in will be in the catbird seat. Therein is the primary risk of holding just one coin type. Should it not make the banksters list, it will be outlawed. It could be notionally valued at one million USD a piece but if it cannot be used to purchase anything legally, it's just that, a notional number with no real world value.

    Cryptocurrencies are here to stay, but people should remember to stay grounded in reality rather than chasing unicorns across a notional rainbow.
    Facts?? We don't need no stinkin facts...

  32. #112
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    Unicorns Need Luv 2

    Quote Originally Posted by Rayku View Post
    Have to disagree with that statement. There has been no market cycle established for cryptocurrencies for a comparison to be made. I still hold that it's a legal ponzi scheme for the time being.

    In the long run, anyone betting their families fortunes on them would have an equal chance of losing as if they threw everything they owned behind a dice roll in Vegas. No one should lose sight of just what they are dealing with.

    Having said that, the banksters as you call them will eventually favor a handful of cryptocurrencies and work them into the world banking system. Anyone who owns them when they are grandfathered in will be in the catbird seat. Therein is the primary risk of holding just one coin type. Should it not make the banksters list, it will be outlawed. It could be notionally valued at one million USD a piece but if it cannot be used to purchase anything legally, it's just that, a notional number with no real world value.

    Cryptocurrencies are here to stay, but people should remember to stay grounded in reality rather than chasing unicorns across a notional rainbow.
    I knew you were a unicorn hater <sarc>. Probably won't eat skittles either.... Warning Choking Hazard <sarc>unicorn c tongue out.jpg
    et conciderunt ligna, ergo sum

  33. #113
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    Quote Originally Posted by paul bunyan View Post
    I knew you were a unicorn hater <sarc>. Probably won't eat skittles either.... Warning Choking Hazard <sarc>Attachment 143470
    I don't hate unicorns, everyone should have one mounted on the wall.


    And no, I don't eat skittles. LOL
    Facts?? We don't need no stinkin facts...

  34. #114
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    I love this thread! I learn something EVERYDAY! (good or bad, lol)
    YES, I am HODL!

  35. #115
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    It's time to forget about bitcoin! These virtual currencies have much more to offer over the long run.

    Sean Williams
    (TMFUltraLong)
    Dec 23, 2017 at 10:39AM


    It may be hard to believe, but it's the truth: Cryptocurrencies are considerably closer to hitting $1 trillion in total value than $100 billion in value.

    When the year began, the combined market cap of all virtual currencies was just $17.7 billion, and bitcoin made up nearly 88% of that total. However, as of Dec. 20, the aggregate market cap of the better than 1,360 digital currencies had soared to $635 billion, representing a year-to-date increase of almost 3,500%, and bitcoin's contribution was less than 50%. By comparison, the stock market historically gains about 7% a year, inclusive of dividend reinvestment and adjusted for inflation. Cryptocurrencies have simply whooped traditional equities in 2017.

    The buzz behind cryptocurrencies

    Why such bullishness, you ask? A number of catalysts have played a role in pushing virtual currencies higher. For example, the emergence of blockchain is creating a lot of buzz on Wall Street.

    Blockchain is the digital and decentralized ledger that records all transactions without the need for a financial intermediary like a bank. Think of it as the infrastructure that underlies digital currencies like bitcoin. Blockchain has the potential to speed up transaction settlement times, reduce transaction fees, and could be considerably more secure than current databases, just to name a few advantages.

    Dollar weakness has also been helpful, especially to bitcoin. A falling dollar is great news for U.S. exporters, but it's not such positive news for investors holding cash. These investors will often seek the safety of gold as a store of value, given gold's scarcity and use as a currency for more than 2,700 years. Yet some cryptocurrencies, like bitcoin, have protocols that limit the number of coins that can be mined. This creates the perception of scarcity, which has pushed some investors to choose bitcoin, or other cryptos, over traditional commodities, like gold.

    Emotions are clearly playing a role, too. The fear of missing out, or "FOMO," and watching everyone else make money has coerced both novice and experienced investors into buying cryptocurrencies.

    Forget bitcoin: These cryptocurrencies appear far more enticing

    As you might imagine, the buzz is almost always about bitcoin -- and with good reason. It comprises nearly 46% of the aggregate cryptocurrency market cap, is the most popular virtual coin in the world, was the first tradable digital currency, and is accepted by more merchants relative to any other cryptocurrency.

    Yet, if you ask this investor, it's pretty far down the list of cryptocurrencies worth considering for purchase. Bitcoin, and Litecoin, for that matter, are laser-focused on growing their partnerships with merchants, and have largely ignored the enterprise-based application of their blockchains. While there's value to be had as a means of money transmittance, I personally believe that blockchain is where the bigger long-term opportunity lies. As such, I believe the following three cryptocurrencies may be worth buying over bitcoin.

    Ethereum

    There's a good reason why Ethereum is the second-largest cryptocurrency by market cap: It has a really popular blockchain. Formed earlier this year, the Enterprise Ethereum Alliance is comprised of 200 organizations that are currently testing a version of Ethereum's blockchain in demo, pilot, and small-scale projects. These testers include governments, financial-service companies (which are expected to be the biggest benefactor of blockchain technology), and tech and energy companies.

    What makes Ethereum really stand out is its incorporation of smart contracts, which help facilitate, verify, or enforce the negotiation of a contract. While Ethereum's blockchain is somewhat similar to that of bitcoin, these smart contract protocols allow it to move beyond currency-only applications. Its blockchain could be used to store information about an application, or can function as a multi-signature account that allows money to be spent when a certain percentage of people agree. Or in the case of integrated oil and gas giant BP (NYSE:BP), it could speed up transaction settlement times to improve energy futures trading efficiency.

    The one knock on Ethereum is that its coin, Ether, is almost exclusively used to cover transaction fees and doesn't have a clear path, like bitcoin, to being accepted by merchants. Again, I believe the smarter path for the Ethereum Foundation is to focus on blockchain, which is what they're doing, but it's unclear how exactly the Ether coin ties into its future.

    Ripple

    Another cryptocurrency that's been very impressive of late is Ripple. Its token, the XRP, has galloped higher by more than 12,000% since the year began.

    As with Ethereum, the buzz here is all about the company's blockchain technology. But unlike Ethereum, which is partnering with a number of industries, Ripple is focused on becoming the go-to blockchain for the financial-services industry. The company's blockchain offers the ability to rapidly proof payments and transactions, which could drastically improve the time it takes for settlement. In particular, Ripple's blockchain may offer the potential for instantaneous cross-border payments and transactions.

    In June 2016, Ripple announced that four major banks were testing out its distributed ledger technology in some small capacity: Canadian Imperial Bank of Commerce, UBS, Banco Santander (NYSE:SAN), and Unicredit. But it wasn't until Nov. 2017 that Ripple really put itself on the radar. American Express (NYSE:AXP) and Banco Santander announced that they were partnering to test Ripple's blockchain in non-card cross-border payments across AmEx's FX International Payment network to U.K. Santander accounts. These payments are expected to process instantly.

    What's more, it looks like the XRP is going to play a vital role in the growth of Ripple's blockchain. In particular, it could be used as an intermediary in cross-border transactions that allows for one currency, say Japanese yen, to be exchanged to another currency, like the euro, instantly. Ripple is certainly worth keeping a close eye on, and it looks to be far more intriguing than bitcoin.

    Stellar

    Sticking with the theme that blockchain is king, one under-the-radar cryptocurrency you should be following is Stellar (formerly Stellar Lumens), and its coin, the XLM. This is a virtual currency that holds true to its name, as the XLM has been "stellar" this year with a 10,400% year-to-date gain.

    Stellar's focus is similar to that of Ripple: building financial products for transactions around the globe. In other words, it's targeting enterprise clients with high volumes of cross-border transactions. But whereas Ripple is sinking its teeth into big banks and financial-service companies, Stellar is looking at servicing multinational corporations that conduct billions in revenue outside of their home country. Stellar's blockchain suggests that cross-border payments could settle in just two-to-five seconds.

    What's more, Stellar also incorporates smart contract protocols into its blockchain. Though they aren't exactly the same as Ethereum's, they nonetheless are an attractive addition for enterprise customers.

    In October, Stellar announced a partnership with IBM (NYSE:IBM) and KlickEx to facilitate quicker cross-border transactions. IBM generates tens of billions of dollars from global clients, signaling that this could be Stellar's opportunity to prove the value of its blockchain to other multinationals. Currently, a dozen banks in the South Pacific region are deploying this project, with IBM expected to scale the project beyond this region if it's successful.

    Nevertheless, keep in mind that the word "consider" is paramount with all three of these cryptocurrencies. While this investor views them as far more intriguing over the long run than bitcoin, I wouldn't suggest chasing these valuations at this time. The risks in cryptocurrencies are aplenty, and it wouldn't take much for this bubble to burst.

    https://www.fool.com/investing/2017/...r-bitcoin.aspx
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  36. #116
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    What's more, it looks like the XRP is going to play a vital role in the growth of Ripple's blockchain. In particular, it could be used as an intermediary in cross-border transactions that allows for one currency, say Japanese yen, to be exchanged to another currency, like the euro, instantly. Ripple is certainly worth keeping a close eye on, and it looks to be far more intriguing than bitcoin.
    That was what caught my attention last year. I do trade in the FX world and it came up in my research efforts of the same.
    Facts?? We don't need no stinkin facts...

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    Quote Originally Posted by Rayku View Post
    That was what caught my attention last year. I do trade in the FX world and it came up in my research efforts of the same.
    If it has the approval of some of the banks and more interest from some of the bigger ones and credit card companies that tells me it's not likely to go to zero like some of the coin are bound to do and has some intrinsic value in it besides the 'coin' itself. It is an integrated network being built for cross boarder settlements as much as it is a crypto coin. I feel more comfortable in taking a position in a crypto like this that has a demonstrable future ahead of it.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?
    http://bible-truths.com/lake1.html

  38. #118
    Hashgraph has my attention. - Thanks for that video, HFcomms - I'm wondering if blockchain's days may be numbered. Not meaning to be negative, we have a toe in LTC and I'm hoping to get into ripple but this tech is moving so fast, I don't think anyone really knows where it's going.

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    7 Litecoin Coming on Strong in 2018.. You Missed BTC run? LTC to do the same

    Hey Guys:

    The father of litecoin, Charlie Lee, the consummate Gentleman and Scholar is getting revved up for a big year for his coin. He even sold his LTC so no more claims of manipulation to bother him.

    Super Traders estimate LTC to be over $2000 by this time next year.

    Here are some reasons why:

    Refer to #satoshilite Dec 20th

    Projects coming due this year:

    Merchant Processor
    Popular Online Wallet
    Goods Trading Platform
    One HUGE unexpected surprise (also mention by Clif High )

    Not to mention Lightning Networks.....speeding up multiple coin tx
    Atomic Swaps: allows you to trade coins peer to peer....bye bye cranky exchanges.

    Lots of WIN in store if you just HODL Litecoin

    YMMV,

    Paul

    PS: trading coin for cash flow is very risky and takes a very special mind set.. No emotions allowed.
    et conciderunt ligna, ergo sum

  40. #120
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    Be wary of estimated cryptocurrency performances. The only valid estimate is that at some point, they will either die or become accepted mainstream. Standard microeconomic models and processes do not apply to cryptocurrencies. If you have any doubt of that, go back and review Forbes, WSJ, etc articles over the last twenty four months.
    They have been proven wrong more than right. In the last seven or so months the hedging squirm words in such articles have become more prevalent. That alone should be telling folks something.

    Bottom line, this is a new paradigm which has yet to settle it's boundaries.
    Facts?? We don't need no stinkin facts...

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