Message from @Perihelion - CA
Discord ID: 397065686838542336
@Volkmom I'd be up for it.
I like Ethereum for all of the different uses it has. Have never found out any info about the actual Ethereum currency though. That whole project is an absolute mess of information
Very frustrating to find info you’re looking for
Any thoughts on Ripple?
Scroll up. Someone just mentioned it’s trash yesterday
@this_that5553 perfect, thank you
I'm on a slack with some friends of friends and some people there were discussing if it was a good idea to go into
I didn't know all this shady stuff
although to be honest I just want to see if I can make a buck on it.
Yeah. Have you heard of Metal? It sounds similar to ripple
Ripple strategy is to only get in bed with financial institutions though. It’s actually smart to take advantage of them
@this_that5553 "Ripple strategy is to only get in bed with financial institutions though. It’s actually smart to take advantage of them" what does this mean?
On their website it explains that the ripple transfer network will only be accessible to financial institutions. Prob to avoid fraud etc. but it’s a smart move
Get the pre existing things to build up your coin
@this_that5553 thanks for the explanation?
I’m not an expert sorry. Just a random thought I had on it. Ripple is actually extremely convoluted. It’s a coin and a transfer network
lol sorry I didn't mean that question mark, I'm using a foreign keyboard @this_that5553 so a handful of keys are switched 😂 I mean thanks for the explanation!
What wallets and exchanges are you guys using?
ledger nano s, i usually buy on coinbase then xfer to bittrex
ripple has the most solid real business application to date tackling trillions in international bank transfers, offering a lower cost and more secure alternative to the SWIFT system
it has done this by being in bed with the banks
all the authorative ripple servers are owned by financial institutions. This means it's only distributed among banks, not among the public. However, this also is an advantage in the sense that it's reliably transactable for normal currencies.
Ripple also as far more units that bitcoin. It will be priced at parity with bitcoin around $3.20
I use coinbase for BTC<->USD
and bittrex for BTC <-> other currencies
I would recommend Bitcoin Cash (BCH) over Bitcoin atm
Ethereum is also a solid platform although a little pricey.
So what is the difference between BTC and BCH?
And thanks for the info...I definitely appreciate it
Just opened my Coinbase account!
btc looking to breakout?
@Belzec Not sure in the short term, but I am buying long. I think it BTC could easily quadruple in less than a decade....and that might be conservative. One thing that concerns me is the deflationary aspect of BTC. That acts against consumerism, etc.
@ThisIsChris "I just want to see if I can make a buck on it"
This attitude is exactly why a lot of people will lose their ass in the next 6 months on crypto.
@Tanner - SC But isn't that the point? That people see the value in the technology and want to make money off of it? Otherwise it will eventually whither on the vine.
Some of the cryptos bring utility to areas that didn’t exist before. Other cryptos are only being bought because other people are buying and people want to make money off of the greater fool.
Ahhhh...fair enough
@Tanner - SC yes of course but in the mean time many alt coins will bubble up before fizzling out and there's no point in not making some money on it if you can. Of course I wouldn't park my money *long term* in something that didn't have good fundamentals. Basically, some cryptos are the kind you can introduce to your mother, and other cryptos are just there for a pump and dump.
What do you guys think about mining altcoin, is there money to be made there?
Coinbase the best for crypto purchase? Still deciding on bitcoin or ripple.
is exodus a good wallet