LOL someone dumped a whole bunch of eth on kraken for 147USD which got snatched in a second.

I actually quite like Ripple. Especially when now it's under 30cents.

Haha later tonight I'll post - I wrote my thoughts over the weekend with regards to observations and fundamentals. Noob opinions la though.... so bear with me.

Since I have my tablet with me at work... My elementary thoughts for you kmarc - Let me know what do you think.

I quite like ripple for the same reasons why I like stellar lumens (even more maybe).

1. Cheap cheap cheap.
2. Ripple has shown solid use cases (e.g.: use case where they could facilitate monetary transfer between fiat which does not have a trading pair)
3. Financial institution interest in Ripple
4. Lightning fast transactions


The problems I have with ripple is:
1. It should not b be too volatile for its use case. Intermediaries (i.e. liquidity providers) will be required to cushion this volatility.
2. There are loads of it out there, 60% owned by Ripple - Sure 88% is placed into escrow, but what happens after that? That ties in to volatility - When they are released (even gradually) into the market over time, what happens?

1. You're absolutely right. In my humble opinion about its market cap and the overall cryptospace - right now (even with the rallying) I still think the cryptospace is in its infancy. In time useless coins will drop off, new coins with improved use cases will come by. In comparison, the DotCom Bubble took place in the trillions. And that was 20 years back. If Ripple is going to work with financial institutions, I would be inclined to imagine that 13bil market capital is... Something which could still grow further.

5) When intermediaries are involved, Ripple could become reliant on them. Business conditions may need to be set out for intermediaries to be attracted (as banks would generally not want to foot this volatility), and they could have a say in setting XRP's volatility. Though this in turn does make XRP attractive for one of my trading methods (a stable coin which could be used to hedge against volatility while trading, so to ensure minimal losses while gaining), however point 6....

6) Just questions in my head lah since I have not seen anything like this happen before. Say price of XRP is relatively stable then. When the escrow contract activates, then... How does this impact overall value of XRP and how would the market react? I would imagine XRP to have a temporary (since whatever is unspent will be set back to escrow) volatility upon flooding of supply, in which how would intermediaries and market react? Hmmmm.


That said, I did stock up on Ripple also so........ Hahaha.

This post has been edited by Enigmatic: May 22 2017, 08:43 PM

Nasdaq and Citi. Holy crap.

Yeap - and ANT is looking bullish now so let's see where we go with that.







Not sure if the other ICOs will follow suit - as in with the price increase immediately after release on exchanges. As always, do due diligence, read the white paper, and only if youre comfortable with the project then only invest in it.

This post has been edited by Enigmatic: May 23 2017, 12:22 PM

I'm not sure what to feel about the recent update w.r.t BAT tokens - Increased cap. Will review when I have time.

ETH is not capped; however issuance could be decreased and upon PoS, likely issuance will be much lower.

Upon hitting the cap (e.g. bitcoin), miners could still earn from transaction fees, therefore being the incentive to maintain full nodes.

This post has been edited by Enigmatic: May 23 2017, 02:50 PM

I am not too sure if the issuance rate was solely determined by the developers themselves or voted by the community for the case of ETH (Homestead). Have to check back. But we won't be seeing infinite as the difficulty bomb will lead to lower issuance rate (exponentially) as more blocks are being mined.

LOL!
And Ethereum will enable us hoomans to travel to the moon! And hopefully our names are written on history books as lunatics who joined the Ethereum revolution more than a century ago.

But I think it's a valid question even if we'd be dead then, especially if we want to look into cryptocurrencies being a sustainable ecosystem without the disadvantages of fiat.

Ah. Yet the cofounder of Ethereum was a mere 19 year old boy who dropped out from university when he started the network!

lowya - ping me up again this weekend if I don't get back to you on this. I totally understand where are you coming from. Crap day at work and it's only Tuesday.

Kraken, bittrex, bitfenix, liqui, etc.

This post has been edited by Enigmatic: May 24 2017, 06:47 PM

yesterday was a good day to enter ETH actually. Price was consolidating leaning towards a slight downwards correction, and today it rallied to 180USD and consolidating around this area now.

Addendum: Aragon is performing really nicely now. Initially I thought this is a non-organic growth (whales in charge), but looks like I might be wrong. If it stays around this price range for the next few days then it might actually have the potential to break past 3. Especially with Token Submit coming up.

As usual, not a recommendation to buy.

This post has been edited by Enigmatic: May 24 2017, 06:53 PM

Bittrex.

Implement a decentralised exchange with its own token.

There's a discount going on right now - Since ETH just hit past 200USD (around 210USD) there's a drop as people cash out their earnings, so it is going for around 185USD now.

Btw first post on this thread will guide you through how you can buy some. The general idea is to get bitcoins then trade it for ethers on an exchange.

Add: now 170 LOL. I sense panic sells.

This post has been edited by Enigmatic: May 26 2017, 01:34 AM

I wouldn't touch ETC no matter how attractive they become.

Anyhow that just me; when ETH rises generally you'll see ETC going up too.

Snatched up a couple more ethers by liquidating the more stable coins I had.


165USD ethers... Nice.

I know the drop looks scary (from 200USD to 140USD), but this will be nothing more than just a bleep in the long run.





Invest, not trade.

This post has been edited by Enigmatic: May 27 2017, 01:50 PM