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XLM, XRP, TRX

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Posts: 12

FadeOnly

MVP

Joined: Dec, 2008

Posts: 16675

Posted: Dec. 17, 2017 - 3:55 PM ET #1

In 3 equal parts, that's where I've put my money. My plan is to hold for at least 1 year and see where these turds go. Are these winners?

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I_Need_A_Detox

Banned

Joined: Feb, 2011

Posts: 27139

Posted: Dec. 17, 2017 - 9:36 PM ET #2

Sure why not.

Ripple is a winner. The price will never skyrocket to say $100, $1000 or $10,000 because of the number of coins. I��d expect $1-$2. $5 would be great and $10 would be a miracle.

Bitcoin and Bitcoin Cash are winners. Dash is a winner. Ethereum is a winner.

TRON��s roadmap is way out but the kid behind the project is supposed to be a genius. He��s young (under 30), he comes from Ripple, and he gets compared to Jack Ma the Alibaba guy.

Stellar has done some stuff with IBM and they��ll probably do alright.

That��s all I have off the rope of my head. GL.

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Dec. 18, 2017 - 3:48 AM ET #3

Wall,Detox Ive been debating xrp (ripple) with my brother...and I got some questions.

They already have over 100 banks signed up so lets say this number just keeps going.Seeing as how banks arent going to watch as their competitors start using ripple and saving tons of dough on transactions wont this make ripple in high demand?

I know theres BILLIONS of coins but how many will all these banks need??Wont this just drive the price that much higher?

Ripple gets a bad rap in the crypto space from investors cause they working with the "man" but if and once adopted by banks will this rocket higher??

Its being tested now by some banks in Asia I think this runs until late January..how is an international transaction that takes mere seconds as opposed to days and costs much less not going to spread like wildfire in the industry?100 billions coins sure,trillions of dollars daily in transactions from bank to bank though..wouldnt the only way to maintain liquidity to be an increase of price and the trading happening at few decimals level?

How can billions of sollars change banks if the are only worth .25 cents with that float?

What am I missing here?

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Dec. 18, 2017 - 5:17 AM ET #4

If all goes well, Ripple��s blockchain payments system could carry its first real funds between Japan and South Korea as early as spring 2018. Eventually, the banks aim to send money by using Ripple��s virtual currency, known as XRP, cutting costs an estimated 60% compared with conventional methods.��

Above is from an article I read yesterday...

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56778

Posted: Dec. 18, 2017 - 3:03 PM ET #5

buck,

Ive seen that discussion about bank adoption and it makes sense due to the cost no question but the issues are these..

First, everything I've seen from XRP and the guys behind it telegraph that they are in this to make a solid, stable platform for banks to transact..and that they are not wanting an unstable environment and that is why they are controlling the float and have a ton in "treasury" coin to keep the float under control. I do not think that they will allow this to skyrocket as that would be bad for their business model...banks are not going to want the headache of massive price differences as that could easily lead to losses if they choose to go this route. I think the guys behind this are against the speculative nature of other coin out there and I read some pieces implying that.

Second, banks do not have to "own" these to transact with them, they can buy and sell when they need as they need to perform a transaction and then be net flat at the end of the transaction...so I dont see a "load up" scenario here, in fact banks are not wanting to sink money into owning a coin, rather they want to quickly and cheaply transact and be done. So I dont think there will be this massive rush into owning XRP by banks. Let me know if you disagree.

My analysis is that the guys behind this want XRP right at a buck...that makes sense and is semi similar to a money market with lower costs and faster transaction speed.

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I_Need_A_Detox

Banned

Joined: Feb, 2011

Posts: 27139

Posted: Dec. 19, 2017 - 12:14 AM ET #6

Ripple is up over 350% in the last 3 months.

What��s your definition of skyrocket?

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Dec. 19, 2017 - 3:48 AM ET #7

True Detox shes already had a massive run no doubt..I still think $2 or more is possible if moved onto coinbase.

I thought much like everybody else xrp may not ever see multi dollars but now Im not so sure.A bank sending money from US to China in 4 seconds is pretty impressive,swift is slow and cost much more to use.Guess we just have to wait and see how many adopt this going forward.I do think once bigger money comes into crypto investing next yr xrp will be looked upon a bit more favorably by that crowd,they love banks.

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FadeOnly

MVP

Joined: Dec, 2008

Posts: 16675

Posted: Dec. 24, 2017 - 2:32 PM ET #8

Increasing my stake in Stellar (XLM). My very novice approach to this has led me to believe that this coin has the most upside of the small handful I've researched.

Here's a helpful read that sold me on buying more...

https://emptybucket.co.uk/5-things-you-need-to-know-about-stellar-lumens-according-to-ibm/

Elsewhere, I'm starting to lose faith in Tron (TRX). Much hype, little results. Having said that, I'll be buying more if it flirts with $0.02.

Standing still on Ripple (XRP). Might buy more if it goes back down to $0.75, but I don't see that happening.

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Dec. 24, 2017 - 6:51 PM ET #9

Read up on Substratum fade..they plan to launch alpha here shortly.Im in this around .30 shes sitting at .78 as I type this

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bucknuts

Captain

Joined: Oct, 2005

Posts: 8951

Posted: Dec. 24, 2017 - 6:53 PM ET #10

Also took a small position in snm just for a small swing,it dipped to .38 last night,they launch platform later tonight

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FadeOnly

MVP

Joined: Dec, 2008

Posts: 16675

Posted: Dec. 25, 2017 - 11:51 AM ET #11

Quote Originally Posted by bucknuts:

Read up on Substratum fade..they plan to launch alpha here shortly.Im in this around .30 shes sitting at .78 as I type this

Great call on this one. 75% increase less than 12 hours after your post. I'll be looking to jump in if it pushes back towards $1.00

As for SNM, thanks for the tip. I'll be keeping my eye on that also. Gotta love a good super computer.

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binka34

Captain

Joined: Jun, 2006

Posts: 6704

Posted: Jan. 5, 2018 - 5:48 PM ET #12

I just started reading this but I'm huge into TRX

actually not a big fan of XRP but good luck

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XLM, XRP, TRX

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