Official Cryptocurrency Trading Thread

[Chandler_Racing]

Silver, you are not suggesting it is heading to $1k ($1,000)?

I ask because you said it twice, the first time I assumed it to be a typo and you meant $10k ($10,000)

[SilverRex]

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Silver, you are not suggesting it is heading to $1k ($1,000)?

I ask because you said it twice, the first time I assumed it to be a typo and you meant $10k ($10,000)

Yes it was a typo, 10k sorry.

[dj_patm]

Holding on to Tron and hoping this hoopla is all FUD.

Don't really care if I'm wrong since I'm only $100 into it but if it turns out to be legit that could be huge for me. Getting killed on Stellar too lol.

Ripple and Iota are keeping me in the green. Both would need to tank quite a bit for me to see any real loss.

[Brent.ff]

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Holding on to Tron and hoping this hoopla is all FUD.

Don't really care if I'm wrong since I'm only $100 into it but if it turns out to be legit that could be huge for me. Getting killed on Stellar too lol.

Ripple and Iota are keeping me in the green. Both would need to tank quite a bit for me to see any real loss.

I got out of Tron too early, but at least i don't have to worry about the stupid thing anymore. I have some serious low-balls in on stellar and cardano in hopes i can sneak in cheap and make up for Tron.

[Kobe]

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massive head and shoulder could target ripple as low as 1.20, I have my next order in the 1.20s, will see how the night goes.

While doing graphs are you also looking at the new coins hitting the market...

XRP was premined (ALERTS) and still needs to release 60billion of the 99.9billion that was premined. are you taking into consideration the new like 4billionish that was recently released (Seems like it from the supply, could of swore it was around 33billion a few days ago now its at 39billion)

Because this is going to be moving the price down always..

More supply = lower demand..

I've never understood ripple (ya fast transfer speeds), banks like it but it's almost the most centralized coin out there... We can argue this just go into cognitive and search for most centralized coin.

Never been a fan because of it being premined, such a large supply + tons still not released which the owners of XRP are just holding.

My .02 cents though.

[SilverRex]

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While doing graphs are you also looking at the new coins hitting the market...

XRP was premined (ALERTS) and still needs to release 60billion of the 99.9billion that was premined. are you taking into consideration the new like 4billionish that was recently released (Seems like it from the supply, could of swore it was around 33billion a few days ago now its at 39billion)

Because this is going to be moving the price down always..

More supply = lower demand..

I've never understood ripple (ya fast transfer speeds), banks like it but it's almost the most centralized coin out there... We can argue this just go into cognitive and search for most centralized coin.

Never been a fan because of it being premined, such a large supply + tons still not released which the owners of XRP are just holding.

My .02 cents though.

your points are valid but isnt the reason why I hold Ripple. The only reason for me is seeing how banks are adopting this and new ones keeps getting added to the list is the key. we all know how big banks as a player can be. To me I see Ripple purely as a counter play to decentralized bitcoin. I even believe gov will support Ripple over all other crypto currency given it's characteristic. There are equally as many good features with Ripple, no power consumption issue, it has a max 100billion XRP that can ever exist and they get destroyed with each use which helps with the supply issue. If banks want to use digital currency for transaction, this will be it.

As for dumping new coins onto the market, like all markets, there will always be supply/demand issues. As long as demand is there, I dont see this being an issue. Especially if the demand is coming from banks across the world.

Beside I started Ripple with beer money and it turned into a good trading account. I really dont have much to lose. risk/reward is great from my view point

[SilverRex]

Ripple nice reversal hammer on the 5m and possibly forming on the hourly. wave 4 done? looking for wave 5 to take out 2.25 and break the down channel.

[adam c]

Well BTC hit 10k last night for about 20 minutes then started climbing back to its precrash numbers

Reports of North Korea mining Monero, I wonder if this will have any effect on the coin

[Manhattan]

Reading this thread is cringe inducing like watching a train wreck in slow motion. Interesting how the public blame the last financial crisis on greedy bankers sitting in their ivory towers. A ton of regulation was added to the industry to prevent another devastating crash yet here we are again. People will always find a way to risk/lose their money.

[Brent.ff]

with binance struggling to keep up with people joining, BNB seems like a decent idea.. they're putting like 240k users a day, and a portion of that has to be buying BNB to avoid fees..guess i shoulda got onto that yesterday

[revelations]

Once we can diminish the roles of these big, vulnerable exchanges, (decentralized exchanges) things will improve. Atomic swaps and masternodes will go a long way.

[Brent.ff]

Figured it out, people manipulating made me a sweet $20..ya baller

[SilverRex]

the 60 day cycle low is due right about now, if BTC cannot produce a new low under 10k by now, chances are, the bottom may be in and a new up cycle will begin or has already begin.

[SilverRex]

Ripple

Do we have a breakout here?

[Chandler_Racing]

Appears so, I’m watching the volumes closely.

What surprised me is the Money Gram announcement didn’t take it higher.

It definitely broke the downward trend, a few bullish green candles and it might take off.

[Thaco]

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Appears so, I’m watching the volumes closely.

What surprised me is the Money Gram announcement didn’t take it higher.

It definitely broke the downward trend, a few bullish green candles and it might take off.

i think there are so many announcements that have resulted in nothing at all, that people just dont believe anything anymore.

[topher91]

Heard some rumor about wallstreet traders getting their bonuses mid January and we should see a spike in the market....thoughts?

I'm currently invested in XRP and was thinking of dropping some more cash into BNB as its currently being used to trade, seems like a low risk investment?

Subbed.

[revelations]

I would "HODL" XRP for now, its found resistance at 2 USD levels. It might pop up a bit and then move sideways, but the long term trend is up.

[SilverRex]

used the proceed from selling Ripple at 2.75 and buying back with the average price of 2.00, added to my LTC as well as Stellar. Trying to slowly diversify my holding with each winning trade.

[Brent.ff]

Thoughts on ripple now Silver?