Crypto Currency and NFT News and Discussion Thread
#1
Turd Polisher
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Crypto Currency and NFT News and Discussion Thread
As we well know, the cryptocurrency market has been around for some time, but it seems only recently it has gained popularity among the masses.
We already have threads on ETH, BTC, and LTC - I figured starting a news & discussion thread would be beneficial for the other emerging alt coins out there.
My initial entry point has been CoinBase for ETH, BTC, and LTC - I've signed up for a Binance account and I am now holding PPT (Populous) & IOTA.
What other alt coins are you guys holding?
We already have threads on ETH, BTC, and LTC - I figured starting a news & discussion thread would be beneficial for the other emerging alt coins out there.
My initial entry point has been CoinBase for ETH, BTC, and LTC - I've signed up for a Binance account and I am now holding PPT (Populous) & IOTA.
What other alt coins are you guys holding?
#2
Drifting
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I'm mining Monero with three RX 580's but I won't buy cryptocurrency with actual dollars. Although you could say I am by paying for electricity. I'm still determining profitability. For now, it's more of an attempt to hop on the bandwagon and evaluate. Plus, the cards produce about as much heat as a 500W space heater, which is how much power they're using at full load. And it's cold here in Utah so it's a good tradeoff
I'm not saying that a mild investment in crypto is a bad idea. In fact, I'd bet it continues to rise. But I've been stung by high risk investments in the past. Crypto may or may not be here to stay but I'm not currently taking the risk.
I'm not saying that a mild investment in crypto is a bad idea. In fact, I'd bet it continues to rise. But I've been stung by high risk investments in the past. Crypto may or may not be here to stay but I'm not currently taking the risk.
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Tell me more about this Mining
#5
But some Ripple (XRP). It's just under $0.50 right now. Spend $20 and see where it goes.
https://www.forbes.com/sites/jesseda...t-to-the-moon/
https://www.forbes.com/sites/jesseda...t-to-the-moon/
Ripple Price Surges 84% In A Day To New Record High. Is XRP The Next Crypto Rocket 'To The Moon'?
December 13, 2017
Ripple seizes the #4 spot with $18B market cap.
Alongside major developments in Bitcoin, Litecoin, and Ethereum, other altcoins are beginning to gain traction in the broader eye. One such coin is Ripple (XRP), a cryptocurrency known for its connection with the banking world.
24 hours ago, the price of XRP was $0.27. Earlier this morning (PST), it hit $0.51—an increase of 84 percent. At the time of this writing the price is $0.46 (CoinMarketCap).
What you need to know about Ripple
Alongside its cryptocurrency, Ripple operates as a payment network called RippleNet. The goal of the platform is to optimize easy transfer of funds—to almost any other currency or cryptocurrency in the world in 4 seconds. Ripple is working with banks and financial institutions to become the premier cryptocurrency of record, offering a quick, cost-effective way to transfer funds globally.
For example, if you wanted to send your friend in Italy $50, you could trade for $50 worth of XRP, and they could quickly trade that out for Euros.
So why has XRP gone up so quickly?
The increased activity in Bitcoin following Cboe launching bitcoin futures trading on Dec. 10, is generating more activity around the entire cryptocurrency world. As the #4 (and occasionally #5 when Litecoin surpassed it) cryptocurrency, of course Ripple has felt the, well, ripple effect.
Another explanation is that as the Bitcoin craze cools off, more people are trading for Ripple—which some see as a more stable asset.
"I think that markets view XRP as a very stable digital asset, so they feel safe parking funds in XRP when they exit other assets. If someone wants to get out of BTC, but doesn't want to necessarily move into fiat, he or she moves the value into XRP," said Miguel Vias, head of XRP markets at Ripple in an interview with Coindesk.
Especially as network speeds lag and transaction fees soar on Bitcoin, Ripple may be an appealing trading alternative with its super-fast speeds.
AMEX Partnership
Unlike many cryptocurrencies, whose ethos moves away from traditional banking and financial institutions, Ripple seeks to use the new technology to optimize how money is moved.
To that end, a recently announced partnership with American Express could be driving buzz around XRP. Ripple will be working with AMEX to "solve liquidity shortfalls in remittances by offering instant blockchain-based payments."
"American Express has a long history of integrating new technologies...,” said American Express Chief Information Officer Marc Gordon, in a statement. “This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world.”
December 13, 2017
Ripple seizes the #4 spot with $18B market cap.
Alongside major developments in Bitcoin, Litecoin, and Ethereum, other altcoins are beginning to gain traction in the broader eye. One such coin is Ripple (XRP), a cryptocurrency known for its connection with the banking world.
24 hours ago, the price of XRP was $0.27. Earlier this morning (PST), it hit $0.51—an increase of 84 percent. At the time of this writing the price is $0.46 (CoinMarketCap).
What you need to know about Ripple
Alongside its cryptocurrency, Ripple operates as a payment network called RippleNet. The goal of the platform is to optimize easy transfer of funds—to almost any other currency or cryptocurrency in the world in 4 seconds. Ripple is working with banks and financial institutions to become the premier cryptocurrency of record, offering a quick, cost-effective way to transfer funds globally.
For example, if you wanted to send your friend in Italy $50, you could trade for $50 worth of XRP, and they could quickly trade that out for Euros.
So why has XRP gone up so quickly?
The increased activity in Bitcoin following Cboe launching bitcoin futures trading on Dec. 10, is generating more activity around the entire cryptocurrency world. As the #4 (and occasionally #5 when Litecoin surpassed it) cryptocurrency, of course Ripple has felt the, well, ripple effect.
Another explanation is that as the Bitcoin craze cools off, more people are trading for Ripple—which some see as a more stable asset.
"I think that markets view XRP as a very stable digital asset, so they feel safe parking funds in XRP when they exit other assets. If someone wants to get out of BTC, but doesn't want to necessarily move into fiat, he or she moves the value into XRP," said Miguel Vias, head of XRP markets at Ripple in an interview with Coindesk.
Especially as network speeds lag and transaction fees soar on Bitcoin, Ripple may be an appealing trading alternative with its super-fast speeds.
AMEX Partnership
Unlike many cryptocurrencies, whose ethos moves away from traditional banking and financial institutions, Ripple seeks to use the new technology to optimize how money is moved.
To that end, a recently announced partnership with American Express could be driving buzz around XRP. Ripple will be working with AMEX to "solve liquidity shortfalls in remittances by offering instant blockchain-based payments."
"American Express has a long history of integrating new technologies...,” said American Express Chief Information Officer Marc Gordon, in a statement. “This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world.”
#7
Team Owner
Is the proper way to get Ripple really to buy bitcoin first and then do an exchange through changelly and hope that all goes well?
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#8
It probably depends on what exchange you're using. For example, with Kraken, you can deposit funds via wire transfer (requires Tier 3 verification) into account and then buy XRP directly with USD by using the XRP/USD trading option.
https://support.kraken.com/hc/en-us/...t-US-Resident-
https://support.kraken.com/hc/en-us/...t-US-Resident-
#9
Suzuka Master
On Ripple website they give you step by step instructions on how to buy XRP through BITSTAMP, KRAKEN, or GATEHUB
https://ripple.com/xrp/buy-xrp/
Also there are a couple videos on getting it through coinbase/gdax by trading for it on binance. This requires buying btc/ltc/etc with USD. Then exchange btc/ltc/ect for xrp
https://ripple.com/xrp/buy-xrp/
Also there are a couple videos on getting it through coinbase/gdax by trading for it on binance. This requires buying btc/ltc/etc with USD. Then exchange btc/ltc/ect for xrp
#10
Suzuka Master
#11
https://blogs.wsj.com/moneybeat/2017...round-bitcoin/
Meet Ripple, the Currency That’s Running Laps Around Bitcoin
XRP, also called Ripple, is up more than 30,000% in 2017
Dec 29, 2017 5:11 pm ET
The price of the digital currency XRP, also called Ripple, surged 50% on Friday, pushing its market valuation to a record $85 billion, second only to bitcoin among crypto-assets.
The sharp one-day move, which brought the price of XRP to $2.17, is the latest outsized swell for virtual currencies in a year that has been rife with spikes. Investors in the field are increasingly placing widespread bets on a number of different currencies.
Based on Friday’s gains, the market value of XRP tokens totals around $84 billion, according to research site coinmarketcap.com. Friday’s move puts it ahead of Ethereum’s $72 billion valuation, and is second to only bitcoin, currently at $244 billion.
That puts XRP’s year-to-date gains at more than 30,000% ; it began the year trading at less than a penny. Most of the gains have come in the last three weeks. On Dec. 11, XRP was trading at 25 cents. By comparison, bitcoin is up about 1,400%, and Ethereum is up 9,300%.
For XRP, the gains come after the latest signs that the company behind the currency, also called Ripple, has shown more progress in signing up banks to its closed-loop network, called RippleNet.
Earlier this month, the currency got a boost after a consortium of Japanese banks signed up to test its network. The company has more than 100 banks, mostly outside the U.S., signed onto its platform. It has not disclosed amounts, but has said that some of those banks have been using it in a live environment to move money, rather than just testing it as a concept.
XRP is different from other digital currencies in that its development is being guided and controlled by a single, for-profit company. Ripple the company launched its currency in 2012, as part of a plan to use the concepts behind bitcoin to build a cross-border, interbank payments and settlement network.
To Ripple CEO Brad Garlinghouse, the gains are a reflection of the fact that the company’s product is further along than competitors. “We have real customers, really in production using this,” he said, “not science experiments. Science experiments are not a business model.”
He stressed, though, that he wasn’t viewing this as a competition between cryptocurrencies. “I want Ethereum to be successful,” he said in an interview Wednesday. “I want bitcoin to be successful. I don’t view this as us versus them.”
When Ripple launched the network in 2012, it created 99 billion XRP. About 38 billion have been distributed; the company holds with rest, with plans to release them publicly over time. With the surge in the currency’s value, Ripple’s XRP is currently worth more than $100 billion, though the company would likely have a hard time monetizing that amount quickly.
Mr. Garlinghouse has also said it may use its XRP for acquisitions or as a resource to help build a wider ecosystem for its network.
XRP, also called Ripple, is up more than 30,000% in 2017
Dec 29, 2017 5:11 pm ET
The price of the digital currency XRP, also called Ripple, surged 50% on Friday, pushing its market valuation to a record $85 billion, second only to bitcoin among crypto-assets.
The sharp one-day move, which brought the price of XRP to $2.17, is the latest outsized swell for virtual currencies in a year that has been rife with spikes. Investors in the field are increasingly placing widespread bets on a number of different currencies.
Based on Friday’s gains, the market value of XRP tokens totals around $84 billion, according to research site coinmarketcap.com. Friday’s move puts it ahead of Ethereum’s $72 billion valuation, and is second to only bitcoin, currently at $244 billion.
That puts XRP’s year-to-date gains at more than 30,000% ; it began the year trading at less than a penny. Most of the gains have come in the last three weeks. On Dec. 11, XRP was trading at 25 cents. By comparison, bitcoin is up about 1,400%, and Ethereum is up 9,300%.
For XRP, the gains come after the latest signs that the company behind the currency, also called Ripple, has shown more progress in signing up banks to its closed-loop network, called RippleNet.
Earlier this month, the currency got a boost after a consortium of Japanese banks signed up to test its network. The company has more than 100 banks, mostly outside the U.S., signed onto its platform. It has not disclosed amounts, but has said that some of those banks have been using it in a live environment to move money, rather than just testing it as a concept.
XRP is different from other digital currencies in that its development is being guided and controlled by a single, for-profit company. Ripple the company launched its currency in 2012, as part of a plan to use the concepts behind bitcoin to build a cross-border, interbank payments and settlement network.
To Ripple CEO Brad Garlinghouse, the gains are a reflection of the fact that the company’s product is further along than competitors. “We have real customers, really in production using this,” he said, “not science experiments. Science experiments are not a business model.”
He stressed, though, that he wasn’t viewing this as a competition between cryptocurrencies. “I want Ethereum to be successful,” he said in an interview Wednesday. “I want bitcoin to be successful. I don’t view this as us versus them.”
When Ripple launched the network in 2012, it created 99 billion XRP. About 38 billion have been distributed; the company holds with rest, with plans to release them publicly over time. With the surge in the currency’s value, Ripple’s XRP is currently worth more than $100 billion, though the company would likely have a hard time monetizing that amount quickly.
Mr. Garlinghouse has also said it may use its XRP for acquisitions or as a resource to help build a wider ecosystem for its network.
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#13
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lovin' the ups and downs of the alt coins markets!
I am on TRX, NEO, and XRP at the moment.
But it's tough to stay on board sometimes. I got big hopes for TRX hope it shoots soon like it showed signs of today....
#14
Suzuka Master
I bought BTC this morning to trade for XRP, but BTC has had a solid day so I'll see where it ends up. Collect some winnings and throw the initial investment into XRP tonight/tomorrow
#15
Hey guys, its been years since I've been on this site (sold my Acura ages ago), but man...TRX has had a hell of a run today. Had it under a penny, took profits when it went to 3 cents, then bought back in again. Then took the profits from other coins I had (ADA, POWR, etc) and bought more again today. It hit 30 cents but has pulled back a little, to 25-27 cents. Crazy.
I'm going to hodl for at least Q1. Coin burn coming, partnerships in the wings, an Alibaba connection.
Happy hunting yall...
I'm going to hodl for at least Q1. Coin burn coming, partnerships in the wings, an Alibaba connection.
Happy hunting yall...
#17
Sanest Florida Man
I had GDAX verification issues months ago. I ended up scanning my driver's license instead of taking a photo with my cell phone. It worked with the scanned Driver's license, it had failed 10 times with anything else
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teh CL (01-05-2018)
#18
Suzuka Master
^ Same
#21
Hey fellas, you can't get XRP on coinbase or GDAX, but you can easily get it on Binance: https://www.binance.com/?ref=11772807. Binance has many popular coins, such as OMG, ADA, Lisk, TRX, NEO, etc. I'd transfer BTC from coinbase GDAX to Binance if you want to play around. I say BTC because its the coin most paired with other coins for trading.
If you want to try out some very cheap coins (think penny stocks), try out KuCoin: https://www.kucoin.com/#/?r=1yJfu. I'm just getting on that exchange as well, and they give payouts for owning their proprietary exchange coin.
Word of caution about XRP: Coinbase recently gave notice that they aren't considering adding new coins at this time, and alot of ripple's rise was fueled on that speculation. So if you've had it for awhile, you probably made decent cash, but its probably going to be a little volatile.
If you want to try out some very cheap coins (think penny stocks), try out KuCoin: https://www.kucoin.com/#/?r=1yJfu. I'm just getting on that exchange as well, and they give payouts for owning their proprietary exchange coin.
Word of caution about XRP: Coinbase recently gave notice that they aren't considering adding new coins at this time, and alot of ripple's rise was fueled on that speculation. So if you've had it for awhile, you probably made decent cash, but its probably going to be a little volatile.
#22
#23
Sanest Florida Man
I make $40+ a week mining eth right now
#25
Suzuka Master
Are you uploading a photo of it or using the webcam?
Dont use the webcam
Dont use the webcam
#26
Moderator
iTrader: (1)
I uploaded a scanned photo & it still wouldn't accept it. Ended up uploading the photo through CoinBase & it worked right away. Then GDAX asked for a second photo ID which I uploaded again but still rejected it..
#27
Race Director
#28
#29
Turd Polisher
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I'm just investing, for now. Currently holding BTC, ETH, LTC, PPT, CND, FUN, IOTA ... all in all, 300% return since starting 3 months ago.
The wife and I are looking into solar this year .. that's when I will start mining.
The wife and I are looking into solar this year .. that's when I will start mining.
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#1 STUNNA (01-09-2018)
#30
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I need to get in on this but I don't got a CPU nor GPU capable of mining.
2012 Mac mini: 2.3ghz quad core i7 (ivy bridge) with the built in Intel HD 4000 graphics
Or my 2006 PC build. Core 2 Duo E6600 2.4ghz, 8GB RAM and a ATI Radeon X1950XT graphics card
Or my 2006 PC build. Core 2 Duo E6600 2.4ghz, 8GB RAM and a ATI Radeon X1950XT graphics card
#32
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Had a client of mine had a bunch of fraud transactions from coinbase hit their account.
They were like "wtf is a bite coin??"
They were like "wtf is a bite coin??"
#33
The returns on the coins found only on Kucoin have been nice today. +10% on average. You guys should check it out, there are some cheap coins that have real potential, and they only can be found there at the moment. UTK, Reddcoin, etc. Kucoin's own coin, KCS, has gotten me 4x returns since the 5th, and will keep rising as transactions increase.
I bought back into XLM (Stellar Lumens) today because its been consolidating for awhile. Hoping for a breakout.
TRX has lots of news in the pipeline, but who knows when it'll actually affect the price. I feel like its been overhyped at this point....still, its a long term hold for me.
I bought back into XLM (Stellar Lumens) today because its been consolidating for awhile. Hoping for a breakout.
TRX has lots of news in the pipeline, but who knows when it'll actually affect the price. I feel like its been overhyped at this point....still, its a long term hold for me.
#35
Race Director
Cloud mining... Check out HashFlare, but read all the fine print. Plenty of YouTube videos on it. They just raised their prices, so it's not as profitable as it was if you bought a contract in December...
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Mizouse (01-09-2018)
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Man that KodakCoin and Kodak stock.
FOMO
FOMO
#37
Team Owner
I'm holding out for Mizcoin. I was going to make some comment about mining it but :ghey:
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Mizouse (01-10-2018)
#38
Turd Polisher
Thread Starter
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Has anybody invested in IOU?
Terrible returns .. I have yet to see anything back
Terrible returns .. I have yet to see anything back
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#39
Race Director
IOU?? Aptly named, apparently
#40
Turd Polisher
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