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AndyC wrote:

The Annoyed Man wrote:The former works for Etherium only

As well as all ERC-20 compliant coins that run on the Ethereum network - BAT, EOS, Ethos, Funfair, Storj, etc, etc:

https://etherscan.io/tokens

Where's the best place to go to get a good basic education in crypto-currencies?

bblhd672 wrote:

AndyC wrote:

The Annoyed Man wrote:The former works for Etherium only

As well as all ERC-20 compliant coins that run on the Ethereum network - BAT, EOS, Ethos, Funfair, Storj, etc, etc:

https://etherscan.io/tokens

Where's the best place to go to get a good basic education in crypto-currencies?

AndyC might be able to answer that question better than I can. I’ve just done what he suggested, and it made sense and worked. BTW, as of today, my gains exceed my original investment.

Look for an inbound PM.

Some like to gamble using cards, others dice and now some like to do it with Cryp. Curr.

I say fine, have fun.

Russell wrote:What are yalls thoughts on Ripple?

We have a little Ripple. Bought some back when you could buy it on their website (2 years ago?). Recently picked up a few more.

Ripple is a commercial payment infrastructure, so it is different than all other things out there, even though they look deceptively similar. Past that, I don't know. I guess it's as good for speculating as other things.

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bbhack wrote:

Russell wrote:What are yalls thoughts on Ripple?

We have a little Ripple. Bought some back when you could buy it on their website (2 years ago?). Recently picked up a few more.

Ripple is a commercial payment infrastructure, so it is different than all other things out there, even though they look deceptively similar. Past that, I don't know. I guess it's as good for speculating as other things.

The deal with Ripple is that a few banks are using it now to process their transactions. The hope is that it will become sort of universal to the banking industry. If it does, then those that got in cheap will get rich pretty quick. I had some Ripple (XRP).....not too much, maybe $100 worth. I bought at about $2.35, watched it go up to around $3.75, said to my self “yippee, and we’re off”, and then watched it go back down to $2.35. I bailed and converted it to Ether, all except for 0.918 XRP that Binance wouldn’t let me convert for some reason. Right now, XRP is trading at $1.98 on Binance.

I’ve been browsing the Reddit XRP/Ripple forums to see if anyone has an explanation for that price drop than Coinbase’s announcement that they would not be adding XRP to their stable this year, and for some kind of intelligence on future projections. OR, will XRP turn out to be another dud? Who knows. In the meantime, I’ve just deposited my Christmas cash by wire transfer to Coinbase/GDAX and plan to invest it in 2 or 3 other coins which I’m doing research while I wait for the transfer to complete.

The Annoyed Man wrote:

bbhack wrote:

Russell wrote:What are yalls thoughts on Ripple?

We have a little Ripple. Bought some back when you could buy it on their website (2 years ago?). Recently picked up a few more.

Ripple is a commercial payment infrastructure, so it is different than all other things out there, even though they look deceptively similar. Past that, I don't know. I guess it's as good for speculating as other things.

The deal with Ripple is that a few banks are using it now to process their transactions. The hope is that it will become sort of universal to the banking industry. If it does, then those that got in cheap will get rich pretty quick. I had some Ripple (XRP).....not too much, maybe $100 worth. I bought at about $2.35, watched it go up to around $3.75, said to my self “yippee, and we’re off”, and then watched it go back down to $2.35. I bailed and converted it to Ether, all except for 0.918 XRP that Binance wouldn’t let me convert for some reason. Right now, XRP is trading at $1.98 on Binance.

I’ve been browsing the Reddit XRP/Ripple forums to see if anyone has an explanation for that price drop than Coinbase’s announcement that they would not be adding XRP to their stable this year, and for some kind of intelligence on future projections. OR, will XRP turn out to be another dud? Who knows. In the meantime, I’ve just deposited my Christmas cash by wire transfer to Coinbase/GDAX and plan to invest it in 2 or 3 other coins which I’m doing research while I wait for the transfer to complete.

Ripple (and every currency really) just had a huge correction. Everything dropped except ether, probably because that’s where people sheltered when things dropped. It’s a normal cycle, especially after the kind of bull run we just had.

Get a token of BNB on Binance, then it will use that currency to pay your transaction fees, and at half price. You have to turn on that option in your user profile.

As for learning and getting insight, I read https://cointelegraph.com/ https://www.coindesk.com/ https://bravenewcoin.com/
And https://www.reddit.com/r/CryptoCurrency/ along with currency specific subreddits. Take things with a grain of salt on reddit though

Interesting, educational article, "Everything you needed to know about Bitcoin":

https://www.linkedin.com/pulse/everythi ... s-altucher

Bitter Clinger wrote:Interesting, educational article, "Everything you needed to know about Bitcoin":

https://www.linkedin.com/pulse/everythi ... s-altucher

That’s a great link. Thanks for providing it. I’ve bookmarked it to show to others because it explains the advantages of cryptocurrency better than I can.

Bitter Clinger wrote:Interesting, educational article, "Everything you needed to know about Bitcoin":

https://www.linkedin.com/pulse/everythi ... s-altucher

That's a good introduction if you remember he's talking about crypto-currency in general and not Bitcoin specifically. No argument e-commerce is huge today but there were many early e-commerce companies who went belly up. The same is likely to happen with the crypto-currencies in existence today. Some may be like investing in Amazon 15 years ago and some may be worthless 15 years from now.

Call it what you will - it's stil gambling.

I'm not an anti-gambling kinda guy.

I'm invested in a number of things, and yep, I could lose my shirt.

Or, make good money. Not great money, my investments are conservative.

One thing though, bandwagon investing isn't for me...

Abraham wrote:One thing though, bandwagon investing isn't for me...

That's why I don't own gold and silver. Except in my electronics and some jewelry.

I have land. I have guns and ammo. I have equity investments. I'll probably never be rich but I'll probably never starve.

None of which has anything to do with crypto-currencies but I enjoy reading comments from people who have a clue about it. Both on the market side and the technological side. Two different things. I see the potential of blockchain technology in logistics for example.

The Annoyed Man wrote:

BBYC wrote:

Liberty wrote:Trading cryptocurrencies is commodity trading, it's no different than pork bellies or precious metals.

Now I'm thoroughly confused. Are they currencies or commodities?

If you think of currencies as commodities, it might help.

No. That's just more confusing. NYMEX and CBOT are futures exchanges. Until recently, there was no futures trading for crypto. There is now, but it's still a different kettle of fish than coinbase and similar trading sites.

Before somebody quibbles, there is fx futures trading but fundamentally different than the cryptocoin trading sites.

Abraham wrote:Call it what you will - it's stil gambling.

I'm not an anti-gambling kinda guy.

I'm invested in a number of things, and yep, I could lose my shirt.

Or, make good money. Not great money, my investments are conservative.

One thing though, bandwagon investing isn't for me...

IMHO, the term "gambling" is a bit loaded. If you use it to mean something where you could lose financial wealth, then the only people who aren't "gambling" are those with no financial wealth, whatsoever. In that context, "gambling" would include holding wealth in gold, silver, commodities, guns, bullets, and even US Dollars stuffed in a secure vault. Using the term so broadly takes away all relevance, and distinction between "gambling" and "investing". As long as we all understand what we are saying, that is fine. But just like telling someone they are ignorant when they have not been educated on a subject, the term "gambling" can easily be misunderstood.

It's all about risk versus reward. When you are investing, gambling, speculating, etc., you can choose to accept a lower potential reward for a lower risk level, or a higher potential reward with a higher risk level.