Cryptocurrencies and other important new technologies

[EC_Red]

Has anyone on here got any Ripple?

 

I've got like 1500.

 

 

The one and only person in the world who I trust on this stuff has told me that Ripple is the biggest pile of sh*te, amongst quite a few contenders! He hasn't told me why. I am seeing him at the end of the month and he said he'll explain all. Just thought I'd pass that little nugget on.

 

As for his credentials - yes, he is someone who would know.

I just like you guys. I'm doing you a favour. If it was some of the other cnts on here who held it, I'd have kept quiet.

 

Thanks! 

Edited January 9, 2018 by EC_Red

[RP]

Hey, it might not turn out right. And he’s/I’m not saying “dump it now, or else you’re doomed”. But I wouldn’t want to be holding that one if/when (i.e. when) the tide turns.

 

I’m supposed to meet him on the 26th. It’s always a bit of a pissy affair when we meet ... so I’ll make notes so at least I’ll remember the next day

[Falconhoof]

I’d like it to go back up, just a smidgen, before I cash out and leave some other dweeb to crash and burn.

[RP]

I’d like it to go back up, just a smidgen, before I cash out and leave some other dweeb to crash and burn.

That’s the way!

[Molby]

I’d like it to go back up, just a smidgen, before I cash out and leave some other dweeb to crash and burn.

the greater fool as we traders call them

 

it's a bit dog eat dog though - capitalism is supposed to bring great advancement, not leave people contemplating the wreckage of their finances while their kids have to go hungry and their wives divorce them

[RP]

the greater fool as we traders call them

 

it's a bit dog eat dog though - capitalism is supposed to bring great advancement, not leave people contemplating the wreckage of their finances while their kids have to go hungry and their wives divorce them

Are such wives more disposed to divorce poor men, rather than rich men?

[Molby]

Are such wives more disposed to divorce poor men, rather than rich men?

men who suddenly lose their $

it can irk them

 

at least they're genuine; the tricky ones divorce rich men for the cash, the sneaky feckers

Edited January 9, 2018 by Molby

[cymrococh]

Got a significant amount of FOMO here.

[Swan Red]

Which is what these bubbles seem to rely on.

[RP]

Precisely.

 

Fear and greed is all there is.

[cocknose]

Sold my Ripple.

 

Kin back up.

 

Have limited myself to checking my portfolio app 5 times today.

 

(I have to check as if it hits the target im after sooner than 12 months then I will get the hell out)

[cymrococh]

Can't you set an alert?

[cocknose]

I dont know, can I ? That would be good, I'll look in to that as its an addiction im fighting to quit !

[cymrococh]

The apps I looked into (I searched altcoin on the app store) all said you can set alerts.

[cocknose]

Cool.will look in to that. Cheers !!

[Falconhoof]

A new Japanese exchange launched today, with 27m registered users. Seems to have had an effect on the crypto trading. Unless it’s just a coincidence that prices have been rising since it opened.

[RP]

A new Japanese exchange launched today, with 27m registered users. Seems to have had an effect on the crypto trading. Unless it’s just a coincidence that prices have been rising since it opened.

 

 

Not quite true.

 

A company that operates an entertainment website which has 27 million regitered users has today opened a cryptocurrency exchange - the exchange itself has zero registered users and is not accepting account applications yet (until tomorrow).

 

So there is no obvious link between the exchange launching and any rice in prices of any currencies.

[Falconhoof]

Good clarification there. I haven’t had time to read the full story yet

[RP]

In other news, Goldman's have set up a new crypto trading desk - so they'll soon be manipulating the market!

[The Hitman]

Any idea how they're going to comply with Dodd Frank on that one? Presumably the desk is market making but how can you possibly demonstrate that's all they're doing (and not prop trading) in a market as bonkers as crypto? What is the RENTD for bitcoin,for example? The bid/ask spreads will presumably be enormous.

 

Boring and financey,but it's interesting.

[Sir Tokyo Sexwale]

Isn't Trump ripping up Dodd Frank? 

[The Hitman]

Not all of it I don't think. Suspect Volcker Rule will remain. Not sure even Trump would let banks go back to the old days of prop trading.

[Duncan Disorderly]

South Korea planning to ban it, or the trading of it (not sure which) amid "concerns".

 

I'd say the only concern would be its threat to their currency.

[cocknose]

Pretty sure its bulls***. People spread this b******s every now and then. It was China a couple of months ago

[RP]

Don't kid yourself.

 

Reuters is reporting that the South Korean Police has confirmed it.

 

I don't see that it'll have a long-lasting impact, on its own. But it is happening. And other regulators will follow suit. It'll all take years but the desire/requirement is clear.

 

 

I'd say the only concern would be its threat to their currency.

 

It's all about tax evasion.

Edited January 11, 2018 by RP