Originally Posted by Taco John:
Bitcoin will always be around as a hobby horse for people, but it's a sinking ship because they have a fixed supply that will encourage bouts of inflation and subsequent deflation, and the high fees will eventually be the straw that broke the camels back. When you have to pay $40 bucks just to get $200 in bitcoins, you learn real quick, "**** bitcoin."
Ethereum, Cardano... and a privacy coin of some type. Maybe Verge. Something with a ton of supply. These will eventually be more popular than bitcoin, IMO.
Bitcoin does have a scaling issue, but with the lightning network coming (soon?) the transfer fees will work themselves out.
Part of the problem with transfer fees right now are all the spam transactions from Bitcoin haters to try to drive down the price. [Reply]
Originally Posted by Jewish Rabbi:
Bitcoin does have a scaling issue, but with the lightning network coming (soon?) the transfer fees will work themselves out.
Part of the problem with transfer fees right now are all the spam transactions from Bitcoin haters to try to drive down the price.
I heard that the first lightning network transaction happened tonight. That's very interesting.
Don't take me wrong. I don't think Bitcoin will ever go away. I just think it will be a savings account coin, and not a "buy and spend" coin. [Reply]
Ripple has legs, but it's not a "get rich quick" coin. It's a "invest for steady long term returns coin." Right now it's flirting with a $100B market cap (which is remarkable because it was at $43b just 3 days ago). But even if it got to a trillion dollar market cap, you're only looking at a $50.00 Ripple. To get to a $2500 price on XRP, it would need to have a ridiculous $100 trillion market cap. Not going to happen.
XRP is designed to be a liquidity coin that can be shuttled around by banks at fast speeds and super low fees. Bitcoin and XRP can co-exist. They'll just be used for different purposes (along with a tapestry of other coins that will all serve a purpose - there will not be "one coin to rule them all.") [Reply]
Originally Posted by Taco John:
Bithumb and Binance are the two platforms with the most Ripple action. I have never used Bithumb, but I love Binance. It's great.
I don't use binance, don't know about it except it's a 6 month old exchange. Hard for me to trust some of these exchanges. What info is there to show they are trustworthy? [Reply]
One of the coins with the smallest max supply. Think I should get in at .80? Surely the low max supply will help take off like all the others right? [Reply]
Originally Posted by RunKC:
What do you guys think of Syscoin?
One of the coins with the smallest max supply. Think I should get in at .80? Surely the low max supply will help take off like all the others right?
I know nothing about it. What does it do? What value does it provide? How is it different from every other coin?
If you are simply buying because it has a low max supply, you are feeding into the speculative bubble. A lot of alts are going to get hurt badly at some point here. [Reply]