Bad Investment Advice: Buy the cryptocurrency called Ripple. It's price doubled.

[whitehartlane]

The way you are valuing cryptocurrency based on price of a coin is very wrong. Also they're not comparable to shares, when you buy a coin your buying into the cryptocurrency and not share of the company behind the cryptocurrency. We're just hoping it has more adoption and the demand causes the coin to increase in price.

The reason why some crypto's have a low price to buy one of them, is because of the huge supply of the coin.

The supply of the coin mulitplied by the price, gives you the market cap. which is the entire worth of the crypto.

The market cap. is what you use to judge how its valued and whether it can rise higher/lower or not. Cardano has the 5th biggest market cap, and it's harder to move up faster than other low valued( market cap ) cryptocurrencies. Also the fact that it doesn't have a working product and managed to be top 10 shows that there's just a lot of speculation. Imo I don't believe it belongs in the top 10 coins and it's overvalued, even though I bought some. https://coinmarketcap.com/

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

The Share price example i gave was nothing more than a simplified example for people that know little bit about stock markets but nothing about digital currency.

They both ride the same wave= speculation on how the market reacts and how people media, major companies, governments perceive it.

Yes you are right inregards of ADA not having any products and that is scaring some people. But what a lot of people see is the potential of it and that in act the people behind Cardano are not hiding anything and very clear that it' project is currently being worked on.

It' like someone opening a shop, improvements taking shape the menu that is being developed the equipment that is being fitted and the management and the idea behind the shop make that business value increase without it ever opening it. So when it does open and the owner decides to sell it its going to smash the price initially paid for the store front.

People are excited at the potential and the idea behind ADA not the products.

"Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers"

Having done extensive research on ADA Like many others I like the idea and the stages that it is being developed.

Cryptocurrency shares or general stock market shares are very similar in the way they work..speculation rises them and speculation kills them

There is one huge difference and that is that stockmarket are backed by underlying value (tangible assets)

Cryptocurrency calculations
Assets (0) + potential profit/value (unknown but most people think epic high) + risk ( no idea ) = price
=higher returns but also much more volatile
Good for people with small change that will not effect their lives if it goes tts up.


Stock market calculations
Assets + potential future value x probability of reaching that value (risk) = price
Good for people with a lot of cash that want to see returns come gradually.

 

[GeKo]

The Share price example i gave was nothing more than a simplified example for people that know little bit about stock markets but nothing about digital currency.

They both ride the same wave= speculation on how the market reacts and how people media, major companies, governments perceive it.

Yes you are right inregards of ADA not having any products and that is scaring some people. But what a lot of people see is the potential of it and that in act the people behind Cardano are not hiding anything and very clear that it' project is currently being worked on.

It' like someone opening a shop, improvements taking shape the menu that is being developed the equipment that is being fitted and the management and the idea behind the shop make that business value increase without it ever opening it. So when it does open and the owner decides to sell it its going to smash the price initially paid for the store front.

People are excited at the potential and the idea behind ADA not the products.

"Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers"

Having done extensive research on ADA Like many others I like the idea and the stages that it is being developed.

Cryptocurrency shares or general stock market shares are very similar in the way they work..speculation rises them and speculation kills them

I still don't believe it deserves the top 10 spot. Top 10 should be reserved for cryptocurrencys with working products. Very overvalued imo and I advise you not to shill a coin with an ambitious dream with no working product to noobs on here.
Also salt shouldn't be bought if your Muslim and don't want to deal with interest.

 

[whitehartlane]

I still don't believe it deserves the top 10 spot. Top 10 should be reserved for cryptocurrencys with working products. Very overvalued imo and I advise you not to shill a coin with an ambitious dream with no working product to noobs on here.
Also salt shouldn't be bought if your Muslim and don't want to deal with interest.

It's killing me that I can't have salts as it main products is interest...I hate it because I can that it will free people up to get a loan without credit check or someone to co-sign a car for you.. Put your coins as collateral and get your cash...I love it that idea..unfortunately u are right As it comes hand in hand with a deadly sin..

 

[whitehartlane]

What's your take on KIN

It's currently trading at 0.000something however it has recently seen a surge of 70% increase in its value.. it's business is very clear as it wants to dominate the online social media in terms of purchases within and the general communication.. the communication app called "KIk" has already partnered with it and they are very optimistic

Looking it's current trading price can you see potential or is it just my eyes?

 

[Justathought]

I still don't believe it deserves the top 10 spot. Top 10 should be reserved for cryptocurrencys with working products. Very overvalued imo and I advise you not to shill a coin with an ambitious dream with no working product to noobs on here.
Also salt shouldn't be bought if your Muslim and don't want to deal with interest.

What do you recommend if you don't mind sharing?

 

[GeKo]

What do you recommend if you don't mind sharing?

I'd say substratum, icon and chainlink are promising for the long-term.
Do your own research on them though

 

[Abdalla]

I love this speculation. Greed is indeed good. We missed out on the internet bubble wherein every xoolo who could make a PowerPoint presentation was cashing in as some kind of wizzkid. Just remember even you get in now, you're just 6 months late.

 

[Abdalla]

Netflix: Banking on bitcoins. Watch it

 

[XoosBoos]

Netflix: Banking on bitcoins. Watch it

How much money shall I start with. I feel like investing on ripple is too late, coz it like 2$ atm. But, I think Paccoin is a smart choice. Do they support valuta that aren’t USD?

 

[DRACO]

How much money shall I start with. I feel like investing on ripple is too late, coz it like 2$ atm. But, I think Paccoin is a smart choice. Do they support valuta that aren’t USD?

I hope you get scammed and go bankrupt !

 

[XoosBoos]

I hope you get scammed and go bankrupt !

Do you think I’m a retarded low iq subhuman like you? Warya go and invest on your khat business. I’m only going to use like 100 dollars. Which wont hurt shit. Mad coz of the thread yesterday? And Ripple, I am going to make good money on Cardano.

 

[DRACO]

Do you think I’m a retarded low iq subhuman like you? Warya go and invest on your khat business. I’m only going to use like 100 dollars. Which wont hurt shit. Mad coz of the thread yesterday? And Ripple, I am going to make good money on Cardano.

Yes I'm still mentally disturbed I demand compensation sxb why did you have to share animal ograpgy. Yuck

 

[Abdalla]

How much money shall I start with. I feel like investing on ripple is too late, coz it like 2$ atm. But, I think Paccoin is a smart choice. Do they support valuta that aren’t USD?

Go big or go home. Just pay attention to coinmarketcap.com and see for yourself how crazy it increases. You can do daytrading and make couple of hundred euros in a single day. You can also hold it for few months and sell it when you're satisfied. All the coins mentioned in this thread have interesting prospects.

Start with 100-1000 just to taste it. I truly think you'll make a profit in the coming year if you get in now.

 

[XoosBoos]

Go big or go home. Just pay attention to coinmarketcap.com and see for yourself how crazy it increases. You can do daytrading and make couple of hundred euros in a single day. You can also hold it for few months and sell it when you're satisfied. All the coins mentioned in this thread have interesting prospects.

Start with 100-1000 just to taste it. I truly think you'll make a profit in the coming year if you get in now.

Oooo, thank you very much. I am going to make a Binance acc. Starting to learn more. But how long does it take to sell coins?

 

[Bohol]

Ripple is already number 2.

 

[T1a]

When ripple hits Coinbase, the value is going to SHOOT up. I'm thinking 500%. All this hype is too much for Coinbase not to add it .

 

[Vanguard]

What do you think of Chainlink?
It's the first decentralized Oracle that allows anyone to securely provide smart contracts with access to external data, off-chain payments, etc. Anyone can now engrain off-chain data directly onto the blockchain in an actually decentralized way and use that data to directly inform trust-less smart contracts.
They partnered up with SWIFT as well.
Other crypto's that are using smartcontracts can't go off the blockchain without using a centralized third party.

Spoiler

You don't have permission to view the spoiler content. Log in or register now.

I like chainlink. It went up a lot in the past week and I really believe it's one for the future. Lately, SWIFT has been building up partnerships with many blockchain firms to completely flatten XRP hopes. That's why I'm saying Ripple is dead.

 

[King Habar Awal]

Bump Guess some people were right !

 

[CangeeroBear]

Bump Guess some people were right !

It dropped below a dollar...

 

[King Habar Awal]

It dropped below a dollar...

I was being sarcastic but i am about to invest in it. Its £.80 or $1.10 at the moment i really think its going to go at least to $5-6 by the end of july and really blow up near the end of the year.

The cycle happens every year. as shown below it will end up with at least $10-15 by years end.