Needed correction. Buy time is now. And, I totally agree we need to switch from btc as our base. Xrp would be drastically better for exchanges. Way way faster and no incredibly ridiculous fees.
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Needed correction. Buy time is now. And, I totally agree we need to switch from btc as our base. Xrp would be drastically better for exchanges. Way way faster and no incredibly ridiculous fees.
I did pick up some ripple over the past few days and yes, I did purchase a bit more today.
I was so lucky I switched over half my holdings to ripple yesterday. I wish I could tell all the newbies not to sell here at bottom. It's buy time.
Yeah I am sitting still mostly in bitcoin. I did convert some of it to ripple. Not a ton, but some.
Still all good. Setting the road for bigger gains. I know you know, but for people reading we will rally back with a vengeance. Great post bud,
And correction... I am mostly sitting in steem. :) Yet I did buy some bitcoin. My bittrex account was $10,000+ last night when I went to sleep. Currently it is about $7858.57.
My steemit account is $50,000+ :) That is nice to see.
I bet, you are doing your duty here. I am in xrp, and sub mainly. Just joined this community. I love it so far, wish they had more stuff on stocks though. If you invest in stocks. Do some research on omeros, it's a bio-pharma company with couple drugs about to be fda approved. I believe it becomes one of the biggest pharma companies in the world.Could very well be a 10 bagger next couple years. I have several thousand leveraged with call options in 2020.
I've actually never bought stocks. I also don't tend to do a lot of speculating on cryptos. Just a little here and there. I don't have enough to make it worth the time.
So I just blog on steemit... and constant work there has paid off greatly. All of my crypto is the product of writing on steemit. :)
I do wish there was a larger outcry not to have bitcoin be the base.
Well if they keep making fees like this then the conversion will occur. People will not outcry so much as just stop using it when they find an alternative to use.
What would be your preferred base crypto? I know people dislike xrp, I think it's perfect though.
The big problem I see with XRP is it is centralized. It is not decentralized. This means it can be controlled by the man in the middle. They may not be doing it yet, as that would be stupid but they could.
For general use... STEEM or perhaps EOS as they are even faster than XRP as far as I know. EOS will be able to handle the smart contract stuff if that is what people want.
Though if anonymity becomes and issue then Monero may be the one I'd use for that. I've only recently really looked at it.
For pure speed though I'd go with steem.
What makes Bitcoin, Litecoin, Ripple, etc nice is they have a fixed maximum supply. So as long as the coins continue to have a use they should go up in value as usage of them increases.
Steem has a constant infusion so it should technically never go to insane values, but it could be more valuable in the long run just we'd be holding larger quantities of it.
I agree with xrp being centralized. I also feel like this is what it was built for though. An almost perfect use case fit. Would love to see steem too.
The problem with centralized is it DOES give governments and avenue to control, manipulate, and restrict it.
They would love to kill Bitcoin. They can't. That is due to the decentralization.
So is XRP a crypto currency? Yes. DO I think it will make money? Yes. That's why I bought some.
Yet it also could easily be an avenue of control. I mean the banks. They are not good people. They've been manipulating and screwing us over pretty good since before 1913, but after 1913 they went totally nuts.
Decentralization and taking it out of their hands is returning that control to the people.
XRP is kind of the opposite of that. I think it will do good, but I ultimately do not see it replacing bitcoin as it is centralized and putting the power back into the hands of the banks.
Once they have enough of that power they are known for price fixing, and manipulation.
That'll take some time. For now I see XRP as a decent investment. Yet like I said I'm not really a crypto trader. I am mostly a steemit/steem user who decided not to keep all my eggs in the steem basket.
Though my eggs were built 100% with working on steemit. :)