Bitcoin reviews quora

My speculation is, that one day when everything is settled there will be an exchange rate between Ripple and FIAT. Furthermore, appearently the design includes an option for merchants to be directly attached to the ledger.

That depends entirely on how Ripple decides to act. If they want to make it scarce, they can. If they want to flood the market, they can. There are plenty of whales, but no user controls this much of the market. When the DAO hardfork happened, the mining community voted against the fork.

The Ethereum Foundation want the fork, and pushed it through anyway. As POS is implemented for Ethereum, an ice-age clock will be put in place that makes mining less and less attractive, forcing the miners off the network. As long as the music is playing, people will be diverted away from bitcoin and focused on ripple. If Ripple the company was to sell the currency they own, they could very easily flood the market and crash the price.

Have you ever thought the people who own Ripple might cash out and flood the markets and screw the banks over…everybody going down in a giant tsunami while being away on higher ground. Another reason not to own Ripple. On the other hand, I believe if you do speculate in this one pick a tiny amount of your money and wait for the big payoff since all banks will use it, it could be worth a lot.

No one can just dump their ripple. They can split it into tiny transactions either because of transaction costs that specifically preventing these attacks. Therefore trust is created between banks and majority coin owner. This is future of institution transactions. The Bitcoin blockchain is way to slow, uses too much power, and is too expensive. Ethereum strength and best application lies in Smart Contracts.

Currently the Ripple network is the only one that can handle enormous transactional volumes. Here is what is going to happen: Bitcoin will be used like gold. As a long term store of value.

Ethereum will be the platform that all smart contracts run and are funded on using Ether cryprocurrency. Just like any other man made product. You should own all 3. People use Ripple despite XRP, not because of it.

XRP is intended for bank use. Meaning, by participating in Ripple, a bank can save vast amounts of money on processing transactions, time and efficiency related to this as well as have a need for less employees, all the while the information being publicly available.

This is important because banks are losing fee revenue left and right. Due to the design and intended target audience banks the public exposure is more secure as its primarily exposed to member institutions and not the masses for the most part.

Lastly, on the outside chance Crypto does wreck their world, they are already participating and now have a potential currency replacement for the defunct USD.

Actually, I can think of a bigger reason: You can view the article here: Stellar is very similar to Ripple. Seems to me that if the banks are into it, then it could be a good investment in the medium term. Most people are using crypto currency more as stocks than currency any way. Outside of bitcoin not much is being used to make comercial purchases, as far as I can tell.

This is a recent addition that just went into placement. Update A lot has changed about Ripple since this article was published in May of Here are the contents of the post: Ripple is not an Open Blockchain.

Conclusion This article is not intended to be a defense of Ripple and their practices, but an explanation of why Ripple is different from traditional cryptocurrencies. XPR clearly is deficient compared to the one true cryptocurrency: However, at the link you gave yourself, you can read about two additinal kinds of gateways: Bitcoin mining pools are controlling the bitcoin market, this is the same for Ethereum.

Bitcoin is absolutely in control of the Bitcoin network. And the Ethereum miners are absolutely not in control of the Ethereum network. Ethereum has a very different battle being fought than the Bitcoin Network. I really like your response. Thank you for the thoughtful answer. Thanks for the comment. Leave a Reply Cancel reply. You should always do your own research for at least two reasons: Things can go fast: Since your coins are always going to be acquired first on an exchange, be sure to reinforce as much as you can your account there.

Two types of hack can happen: Some basic strategies here:. But as you will read almost everywhere, your coins should NOT stay on the exchanges you bought them in the first place! This is where some long work will take place, as you will need to remove every single of the currencies to a safer place.

As I write these lines, my top has been running for one month mid-July to mid-August , and even though I know we are in a bullish moment, the stats I get from just 30 days of holding are enough to push me to continue:. So as a follow-up to my initial top , I find myself with a few questions, some answered, some open:.

You can always contact your exchange and your coin support team to check. Some exchanges offer you to lend your coins, such as Poloniex for about 10 coins and Bitfinex. In practice, almost only Bitcoin is in demand for lending by margin traders who need it on a short notice for their leverage. The usual rates are around 0. LOTS of the conversation on cryptos happen on Twitter. Careful, the more you read it, the more you fear of missing out and you make stupid bets, which I did.

If you never traded, you will see how HARD it is to sell in a market that grows. Feel free to comment on what you want to know from the next update! Oh, and help me inaugurate my first Bitcoin tip jar: This is interesting for learning purposes, but I wouldn't recommend anyone following your footsteps.

If you would to buy Bitcoins in July 15th and hold them until August 15th you mentioned mid July to mid August in your post , you would have made It would be interesting to see how your portfolio does over the next months if you intend to keep it and update us while comparing it to just holding Bitcoin.

And yes I'll keep you updated: You should also never put all of your eggs in one basket. You also need to have a time horizon more than a few months. One of the most informative about crypto that I've ever read. In fact, I'm going to have to reread this article several times and then bookmark it to use it as a form of reference. I'm very inexperienced with crypto, as I'm still struggling with the best way to actually turn my Steem into US Dollars that I can spend.

So far, I've opened accounts at Bittrex and Coinbase, but have absolutely no idea how to use them to withdraw. To "cash out" whichever crypto you possess say Steem , just exchange it with one of the big currencies such as Bitcoin, and use an exchange where you can play with Fiat money Kraken to withdraw it.

I actually read an article on here that shows you how to do it by exchanging your Steem for Bitcoin using Bittrex, then transferring your Bitcoin to Coinbase where you can then withdraw it to your bank account. Do you think that's viable? You have completed some achievement on Steemit and have been rewarded with new badge s:. Click on any badge to view your own Board of Honor on SteemitBoard.

For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. You put alot of information in this post and links for people to follow up with.

Regarding your comment "update of the price for each coin of my top every month. I have yet to create a small. You should check out this great gogole spreadsheet crypto addition: Thanks for this, as a beginner I am unable to invest in all of the top currencies but articles like these with so much detail provide me with more motivation to keep investigating about the diffrent currencies. Very informational post, that was a good read.

A little bit long though. You will not find a great audience for this so easily. I am surprised already people have seen this post as of right now. It takes time to build an audience. My thoughts to your article: That all sounds interesting and lucrative. But I prefer just sticking with Steem. Sure, many people don't like that because technically it drains the pool. But the system allows that and Steemit is Anarchy. There are other ways to multiply Steem as well.

And since I am not an investor but just an earner I best at doing just that. Upvoted, resteemed, followed and I'm sending you a randowhale! I support you even if that groups admins on FB don't! Click here to read more! Award for the number of upvotes received. When citing someone's article, it's best to include their username.

I wrote the top article you cited here. I'm also the admin you apparently have a problem with enforcing the rules on a private facebook group. I regret resteeming and upvoting your post. I modified the part here above. Sorry I'm new here, and am not willing to go against the tide, all the more as I did found some really great posts on Steemit as is the case with yours. And I didn't know the FB group was linked to Steemit in anyway. An excellent article and insight into crypto investing.

I am also about to embark on my own crypto journey having traded for a while. The future certainly looks good. All the best martinreddot. Where would I find this list of 39 Crypto Twitter users worth following for news? Award for the number of comments. Martin, thank you for a fine article, you have given me and I hope others a cutcut to knowledge that you have obviously earned the hard way. I have been dabbling in the crypto market and have rushed in and have not been as secure as I should.

I will take a step back, re-read your fine points and adjust. I am temped though to look at a smaller cross section, would the top 20 do as well in your opinion? I think it would do less well. Bigger gains in value are not in the top 10 which are already big. Based on about 1k cryptos listed on coinmarketcap and growing.

This is quite comprehensive. One question, what platform would you advise a newbie to use in space of EtherDelta?

But cryptopia and bittrex have many if not most of them too! Wow, thanks for putting in the time to compile this information martinreddot! The primary takeaway our younger readers should get is that diversification is great for returns and mitigating risk. I'd love to hear your thoughts on a smaller pool of holdings. Any coin worth owning for long term will eventually make it into the top 75 or 50 and you'd still be in early enough for big long term gains. I'd love to see some back-testing data on the top 50 or Will break down the top in different slices for the next update.