Crypto $$$ - Page 8

**PHATAL** · 27-12-2017, 12:01 PM

One thing I did notice was at 1:00 am it said that in the previous 24 hours the amount of XRP traded on BTC Markets was roughly 1.6 million. Now I look at it less than 12 hours later and it is saying 3.6 million.

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**PHATAL** · 27-12-2017, 12:04 PM

Quote:

Originally Posted by Iggle Piggle

On BTC Markets 'Home' view for Ripple...that Market Depth section at the bottom - so the red to the right of the price-point is orders to sell at those prices, and the green to the left are buy orders, yeah?

So the red line being steep is what they mean when they say resistance to increase?

I am assuming so. That sounds right. I was thinking that maybe it showed the total XRP held overall and showed where it was valued when purchased?? Your idea sounds more plausible though.

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Outbackjack · 28-12-2017, 10:07 AM

Is it safe to say that you guys are in the black now?

**PHATAL** · 28-12-2017, 10:09 AM

Quote:

Originally Posted by Outbackjack

Is it safe to say that you guys are in the black now?

I am up roughly $120 ish.

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Lunch · 28-12-2017, 10:17 AM

A little

Sioso · 28-12-2017, 10:34 AM

I would be if I hadn't bought bitcoin cash and litecoin, they both happened to be at their peak on the day my money went in!
Thankfully those losses are currently offset by ripple.

Outbackjack · 28-12-2017, 10:38 AM

As I said. I think that 2018 will be ripple's year. It now has the third deepest market penetration. (In Asia)

Outbackjack · 28-12-2017, 10:46 AM

To the doubters out there please read this and ask yourself do such large corporation invest in pyramid schemes? There is still time. A $500 investment could be life changing in 5 years time.

https://www.cnbc.com/2017/12/27/ripp...companies.html

Maka · 28-12-2017, 11:11 AM

Quote:

Originally Posted by Outbackjack

To the doubters out there please read this and ask yourself do such large corporation invest in pyramid schemes? There is still time. A $500 investment could be life changing in 5 years time.

https://www.cnbc.com/2017/12/27/ripp...companies.html

Ok i will bite lol, from what ive read, Warren Buffett says its fomo -

http://www.marketwatch.com/story/hee...omo-2017-12-26

I can see why people are jumping on cryotocurrencies for a number of reasons to get ahead, lets hope they do it responsibly with minimum risk & maximum due diligence.

Ive read that if it were to become a bubble & it crashes, its borrowed money to purchase the cryptocurrencies is what will cause the most damage to the financial system, caveat emptor lol!

Anyone getting personal loans to do some bitcoining, hope not just in case...

cheers, Maka

**PHATAL** · 28-12-2017, 11:20 AM

Quote:

Originally Posted by Maka

Ok i will bite lol, from what ive read, Warren Buffett says its fomo -

http://www.marketwatch.com/story/hee...omo-2017-12-26

I can see why people are jumping on cryotocurrencies for a number of reasons to get ahead, lets hope they do it responsibly with minimum risk & maximum due diligence.

Ive read that if it were to become a bubble & it crashes, its borrowed money to purchase the cryptocurrencies is what will cause the most damage to the financial system, caveat emptor lol!

Anyone getting personal loans to do some bitcoining, hope not just in case...

cheers, Maka

That was a good read. FOMO is an interesting term and I can relate. I basically knew nothing and threw some cash at this. Not much cash in the scheme of things but I would be lying if I said I wouldnt be ticked off if I lost it all. On the flip side though if it makes a bit of cash then happy days. Currently if I cashed it in now I would have more than I started with.

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Iggle Piggle · 28-12-2017, 12:27 PM

Agree with Maka's article that bitcoin and most cryptos are speculative bubbles that will crash, and could not agree more that it is irresponsible and downright dangerous to get into crypto or any other "investment" (gambling) with borrowed funds.

I took the advice earlier in this thread - only play with what you can afford to lose - and while we talk about investing and holding our investments I still view it as a form of gambling with full understanding it could all turn to **** at any time.

Having said that, I am by no means educated or knowledgeable about cryptos, and have only done a little reading for just over a week, but I do see Ripple as different to most other cryptos. The reasons I back it is all the reasons that the hard-core original crypto guys hate it and refer to it as a ****coin and the banker's coin - that is, Ripple is trying to work with rather than replace the banks and financial institutions, and is looking to operate within financial regulation. Right now while the other major cryptos are falling Ripple is the only one going up - but I also know I may have backed a donkey and Ripple too could turn to **** at any moment, in which case I will lick my very light wounds then move on with life with no real financial impact.

I spent $400 on Ripple at $1.03, then grabbed $150 more the other day at $1.33...at $550 total investment it is still less than I would spend over 4 days at Clipsal on ticket, food, drink, and cabs.

Outbackjack · 28-12-2017, 12:46 PM

It would also be fair to say that the stock market is a bubble waiting to happen. That bubble has burst more than once and done massive damage along the way.

Lunch · 28-12-2017, 01:47 PM

I gave up smoking about 4 years ago, at the current price ( I know because people I work with still smoke ) I estimate that it saves me approximately $150 per week, add ive been a non drinker for 8 years to that and that’s how I justified spending a couple $ on a chance to double it, worst case scenario is I lose it, better than worst case scenario from smoking ... that being said I’d much prefer positive results

Outbackjack · 29-12-2017, 09:58 AM

More blackness.... I wonder what December 2018 will bring.

**PHATAL** · 29-12-2017, 12:55 PM

$1.82...

Old mate above that put in $10k at $0.30 or whatever it was must be loving life right now.

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Lunch · 29-12-2017, 01:00 PM

Yeah getting in close to $1 is nothing compared to .26, x 4 every $1 would be nice

**PHATAL** · 29-12-2017, 01:01 PM

Make that $1.83..

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Outbackjack · 29-12-2017, 01:10 PM

I think that the recent announcement by the Sth Korean Guv may be helping Ripple along. It seems that the Guv there are cracking down on anonymous accounts on exchanges. Also threatening to close some down.

Outbackjack · 29-12-2017, 01:12 PM

Quote:

Originally Posted by PHATAL

$1.82...

Old mate above that put in $10k at $0.30 or whatever it was must be loving life right now.

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Pushing a 75K win at the moment....

**PHATAL** · 29-12-2017, 01:17 PM

Quote:

Originally Posted by Outbackjack

Pushing a 75K win at the moment....

Noice!!!

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Outbackjack · 29-12-2017, 01:38 PM

https://www.youtube.com/watch?v=Ga1AShuZ0S4

Iggle Piggle · 29-12-2017, 01:45 PM

$1.95 - will it go down or up when the Koreans wake up (or are they up and driving this)?

**PHATAL** · 29-12-2017, 01:46 PM

Crazy. Lets see if it pushes $2

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Outbackjack · 29-12-2017, 02:03 PM

Quote:

Originally Posted by Iggle Piggle

$1.95 - will it go down or up when the Koreans wake up (or are they up and driving this)?

I honestly dont know. I'm trying to find out whats happening. I have heard there was something about ripple on the box last night. Didnt see it myself and cant confirm it. But I guess its possible...