Alternative Cryptocurrencies (General Discussion & Trading)

saor

saor

Honorary Master
Joined
Feb 3, 2012
Messages
34,263
If you've ever traded on an exchange that has USDT and wondered what it is, or been aware of the issues surrounding it, this is a cool datadash video all about it:

[video=youtube;kyQfGsYDcnw]https://www.youtube.com/watch?v=kyQfGsYDcnw[/video]
 
S

Slootvreter

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Joined
Aug 7, 2008
Messages
30,273
techead said:
You seen some of the recent developments and companies that are coming on board?!? I’m sure these guys are going places
Click to expand...

No I haven't, but I purely purchased because I had a feeling about XRP :eek:

When a friend of mine who now lives in Canada came down for holiday, we started chatting about bitcoin and such, and he told me he did some research on XRP, and that he feels like it's a good coin to invest in. SO I bought a little bit. Let's see.
 
techead

techead

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Joined
Apr 11, 2008
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12,187
Slootvreter said:
No I haven't, but I purely purchased because I had a feeling about XRP :eek:

When a friend of mine who now lives in Canada came down for holiday, we started chatting about bitcoin and such, and he told me he did some research on XRP, and that he feels like it's a good coin to invest in. SO I bought a little bit. Let's see.
Click to expand...

Definitely a long term investment. The financial services industry’s wheel turns slowly (coming from it) and Ripple are going against the grain of the old school thinking.

I’m in it for the long term
 
saor

saor

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Joined
Feb 3, 2012
Messages
34,263
Holy **** some altcoins have exploded the last few hours.
And it's not their USD value but their BTC value that's going up which is fantastic.
 
M

MrGray

Executive Member
Joined
Aug 2, 2004
Messages
9,392
techead said:
Who else is stockpiling XRP - Ripple ??
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The thing about XRP is that it's intention is to primarily to provide settlements globally between large financial institutions and the developers have publicly stated they don't care about it's value, just it's functionality to do that. It also has a very large quantity in circulation (32 billion) compared to most other cryptos. So you need to consider how it's going to be used and where the demand will come from. If you consider that the total market cap of XRP is about $11bn and the volume of daily foreign exchange transactions is something like $3 trillion, a switch to XRP for any significant portion of that market would definitely see it's value increasing.
 
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