While you were all focused on BTC

a reply to: projectvxn

The overall market cap for the entire crypto market is at a record 775 billion dollars.

$790 Billion.

I think we can reach a $1 trillion overall market cap with a $100 billion dollar trading volume by this time next week.

I bought Kin token at the ICO in Sept

Up 1200% currently - 410% this week alone

They have a terrible outlook on market cap due to the amount of tokens but less than 10% are in circulation which helps.

Made the top 100 this week and it's in a dip right now, might want to take a look.

Finally blockchain has already been superceded - the blockchain is edisons phonograph, the newer technology will be the ipod shuffle.

Blockchain is still under development. The only other tech out there is Tangle. That tech drives IOTA. Blockchain is not obsolete. There are plenty of developers in blockchain looking at quantum resistance, interoperability, and modularity. Ripple Labs being one of them.

Really? What about the hashgraph.

People blissfully unaware of what they're doing pumping money into something they don't and can't understand.

It's a big bubble and my prediction is that when it bursts you're going to see drops of 80% to 90% in one day.

I know you think that can't happen but it can and will, its when not if.

It is the best scam sins Banks.
then they Sold them Gold but only on paper.
Witch IS just paper mony Again! stupid.
now bit coin.

and your money can just disappear!
and you can do nothing.
they Say it was hack't or some such.

I wunder how much gold they rely have?
UK bank notes Still say,
"i promise to pay the bearer on demand the sum of X pounds"
do you realy think you Can ask the bank of England for 10 million in gold?
and that you would get it! and that they Have it?

At one point on Thursday, Chris Larsen, a Ripple co-founder who is also the largest holder of Ripple tokens, was worth more than $59 billion, according to figures from Forbes.

While most of these currencies were worth nearly nothing a year ago, many are now responsible for creating billionaires — albeit with rapidly fluctuating fortunes. If this is a tulip fever, the fever has spread to chrysanthemums and poppies.

“This is beyond insane,” said Jeremy Gardner, an investor who previously worked at the virtual currency hedge fund Blockchain Capital, which invested in Ripple. “There’s absolutely nothing driving this rally except rampant FOMO, misinformation, and speculation.”

Better odds than playing the Lotto IMO.

Listen to all of you coiners consider this - and I'm absolutely NOT against people making a lot of money, I'm against people getting scammed out of everything by the big boys.

1) In the 1929 crash everyone (i.e. the idiots that make up the general public who have no clue what they're doing) was investing in stocks and shares, often on margin, and it literally was the shoeshine boy giving stock tips, i.e. investment advice. You'll know the Joe Kennedy story so enough said.

With crypto everyone is into it to the extent that where I live (a small village in England in the middle of knowhere) there are idiots going around encouraging people to buy this coin, or that coin, to put all of their money into it - like they know what they're doing. Like care home workers, housewives, and builders.

They are our 21st Century shoeshine boys.

The similarity is that EVERYONE is into it, even though they don't have a clue, and they all think they'll get rich.

2) In the dotcom boom it was all about the eyeballs, turnover and profit didn't matter, it was "a new paradigm" according to Greenspan himself (chair of the Fed).

The new technology was all that mattered, and an interesting case study that you can look up is how eToys with little discernible turnover and no profit became more valuable (stock market value - market cap) than Toysrus - with huge turnover and profits.

I know Toysrus are now in trouble some 16 years later, but the reasons for that are a whole other ball game.

Anyway, eToys with their "online approach that would harness new technology" went bust, and if you try to go to eToys.com now (type it into your browser) where does it go?

Toysrus.

2 points.

1) Age old fundamentals do not change, new technology, new pie in the sky ideas, new hype, or new "investors" doesn't change that - and that's partly how you can spot a bubble - when everyone says that the old rules no longer apply and everyone piles in - that's when there's going to be a huge transfer of wealth from us (the normal people, which obviously includes a lot of uneducated people who swallow and follow hype) the them - the established wealth.

2) In the 1929 crash they still used ticker tapes - if you wanted to know the latest price you had to go and find out at the bank or trading company.

If you wanted to buy or sell a stock you had to physically go and tell them - even phone trading was uncommon, since even phones were rare.

In the dotcom boom 99.9% of people had to phone their brokers to buy or sell.

So even when it hit the fan and stocks dropped off a cliff, there was a delay because the only methods to sell were slow.

Consider that vs today when you can whip out your smart phone even (don't need to be sat in front of a computer), wherever you are and hit the "sell" button right now for instant trading.

How big a hit do you think these cryptos are going to take when the price starts to drop and millions of people all try to log into their accounts to sell?

The price is going to fall harder than anything has ever fallen before finance wise, and the exchanges will crash - they've been crashing with the volumes of people who want to join and buy, some exchanges will take no more new accounts at present.

So when millions of people see the prices falling, and they all try to log on to sell their leveraged "coins", orthe "coins" they've bought with borrowed money, or the "coins" they've bought with money they can't afford to lose...

It's going to be carnage, the exchanges will shut down because of the volume, and when people see their "coins" value plummeting and plummeting and plummeting second by second - by the time they can log on they'll sell the lot and the coins will be practically worthless.

This transfer of wealth happens at least once every generation - when the last lot who got their fingers burnt and won't be tempted to be so stupid have been replaced by a new generation who don't know diddly, but think they know better than everyone else - especially the oldies, and that's where we are now.

A generation of people who have been told all their lives that they're special, that they can have whatever they want just because they want it, and who think they're smarter than everyone who has gone before.

They feel entitled generally, and this as they see it is the fruition of their entitlement - they DESERVE to get rich quick with no effort, skill, or knowledge, and they're going to lose everything.

That is the game you are in, it's the same game wrapped in a different box and with a different looking playing board, but the rules are fundamentally the same, the outcome will be the same, and the dice are just as loaded as they ever were.

Seriously, if you've made money already convert it into cash asap, because until you do you haven't made anything.

And you're all being conned with your own greed being used as a weapon against you.

Peace out.

a reply to: Power_Semi

Really? What about the hashgraph.

Hashgraph isn't used as currency. It's aiming to solve identity verification via distributed consensus.

It's not even traded anywhere as a currency.

What's more, is that the only access to hashgraph in permission-based networks and no public ledger exists.

People blissfully unaware of what they're doing pumping money into something they don't and can't understand.

It's a big bubble and my prediction is that when it bursts you're going to see drops of 80% to 90% in one day.

I know you think that can't happen but it can and will, its when not if.

You need to stop talking down to people. You don't even have your details right and you wanna make idiotic statements like you're an authority on crypto-currency.

a reply to: Sostratus

I have taken a look at Kin. There's a reason I have no money invested in them.

I don't invest in hype. I invest in use.

And you're all being conned with your own greed being used as a weapon against you.

Well I guess we could all sit back and let the gubberment rob from the evil rich and give us a fraction of the proceeds.

a reply to: projectvxn

I think we can reach a $1 trillion overall market cap with a $100 billion dollar trading volume by this time next week.

I give it 2 weeks.

$803,430,398,956

100 billion per week.

coinmarketcap.com...

By the end of 2018 it will be $2 Trillion.

a reply to: neo96

I have to agree.

originally posted by: projectvxn
a reply to: havok

Might be a good one to look into. Considering they are going after Ethereum.

What do you mean they are going after Etherum. I have both Etherum and Etherum classic.


:-)

originally posted by: purplemer

originally posted by: projectvxn
a reply to: havok

Might be a good one to look into. Considering they are going after Ethereum.

What do you mean they are going after Etherum. I have both Etherum and Etherum classic.


:-)

Their target competition is ETH.

a reply to: projectvxn

IF Bitcoin goes crazy again.

It could be sooner.

originally posted by: projectvxn

originally posted by: purplemer

originally posted by: projectvxn
a reply to: havok

Might be a good one to look into. Considering they are going after Ethereum.

What do you mean they are going after Etherum. I have both Etherum and Etherum classic.


:-)

Their target competition is ETH.

They're targeting competition who also have zero use, zero deals, and whose coin is being used zero too.

Guess it'll be big zeros all round then.

originally posted by: Power_Semi

originally posted by: projectvxn

originally posted by: purplemer

originally posted by: projectvxn
a reply to: havok

Might be a good one to look into. Considering they are going after Ethereum.

What do you mean they are going after Etherum. I have both Etherum and Etherum classic.


:-)

Their target competition is ETH.

They're targeting competition who also have zero use, zero deals, and whose coin is being used zero too.

Guess it'll be big zeros all round then.

Is this another opinion based on all the technical analysis you've got wrong so far?

a reply to: Power_Semi

This transfer of wealth happens at least once every generation - when the last lot who got their fingers burnt and won't be tempted to be so stupid have been replaced by a new generation who don't know diddly, but think they know better than everyone else - especially the oldies, and that's where we are now. 

A generation of people who have been told all their lives that they're special, that they can have whatever they want just because they want it, and who think they're smarter than everyone who has gone before. 

They feel entitled generally, and this as they see it is the fruition of their entitlement - they DESERVE to get rich quick with no effort, skill, or knowledge, and they're going to lose everything. 

The transfer of wealth happens every single minute of every single day.

I have children with needs and wants. My wealth(super small) gets transfered every single time I put gasoline in my two vehicles. I am working to make oil men, Chinese toy makers, clothing designers, hell even kraft macaroni and cheese business men rich.

So what if I want to put a couple of hundred into a chance of making a couple of hundred dollars. If I lose it, well, it was a good try. If I make money then sweet, let's do it again.

The difference now and 1920 is the access to information and the ability of people researching for themselves.

If people are mortgaging their houses to gamble, well that's just ignorant to begin with and it doesn't matter what anyone tells them. It happens every single day when casino junkies sell everything they have to put it in a slot machine.

I've been researching and assessing the risk verses the reward.

We will see, I guess..

a reply to: liejunkie01

Ripple is an in use altcoin. Meaning there is indeed a use for this coin, and it is in use.

XRP holders are waiting for 3 things.

1. Coinbase
2. Testing in Japan by banks
3. Ripple partnering with 2 House hold names.

When I research a coin I see if the coin is in use, if it is what does it do? Does it solve a problem that many people see and what kind of team is installed to implement goals.

The white paper is important to, white paper is sort of like a business plan.

a reply to: seasonal

I hold XRP. But Coinbase really doesn't hold much water for me. It would be nice to get that price boost, but the reality is that it would be a false valuation.

I want to see steady, not parabolic gains over time with minor corrections.

What passes for corrections in the crypto markets would cripple the US economy in a week.

The idea of a Coinbase addition is exciting for short-term traders but ultimately detrimental in the long run.

I want to see adoption rates go up, and more regional testing of broader networks. I want to see people spending their R at Walmart(like the video in this thread), and gas stations via third-party companies based on blockchain technologies. Companies like Centra who offer crypto debit cards. XRP is a long-term hold because what they're really doing is going to take time. They're up against Swift and 23 trillion in transactions that they have to prove can be made in seconds, and there's still a lot of skepticism surrounding cryptocurrency in the traditional finance markets in the US. Asian markets are exploding because they have found an asset class that can actually help them individually achieve protected buying power in the long run.

On partnering: The overall crypto community seems to want their coins adopted by companies and used even by governments. They want the corporate world involved, but can't seem to shake the ideology that has, quite frankly, become toxic to the market and contributes to the overall volatility.

The market is very influenced by unsubstantiated rumors and FOMO. Many coins that claim partnerships seem to not actually have them(lying to pump) and many YouTubers (like Crypto Coin News) simply pump markets on the slightest threads of suggestion. That is why I stress that people look at the coin metrics, the underlying technology, the real-world problem that it solves, their roadmap, and whitepaper ( or coupled with a peer-reviewed paper like ADA) and the people behind the project.

I stay away from ideology coins. If I see any political buzzwords I don't even look at it. Why? Because it's one of those coins that will disappear in due time for offering nothing of value other than ideology.

Those coins are dangerous for investors. They seek to exist outside of ANY regulatory body and some don't care if their coin is used in criminal activity (Dopecoin) of any kind. When the securities regulators of the world get together to reign some of this crap in, the vast majority of the coins seen on CoinMarketCap.com will evaporate from exchanges the world over.