Bitcoin

[Raffe]

I think there has been a lot of markey manipulation and suppression going on, once regulation gets sorted the whole market will be on the move. Hopefully not too much longer.

Have you looked into XRP at all as a very long term (5 year HODL) investment?

https://forum.tz-uk.com/showthread.p...=1#post5047493

Ripple will reach zero value even before Bitcoin. It's an outright fraud.

[chard101]

Lol, you genuinely believe that?

So given what I said in that post I referenced what makes you say Ripple are a fraud, I'm intrigued?

Ripple will reach zero value even before Bitcoin. It's an outright fraud.

Sent from my ONEPLUS A5000 using TZ-UK mobile app

[chard101]

Pretty much all of these large FI's are bloody crooks. What they tell the public (blockchain / bitcoin / ETH) is a fraud and we should not touch it is a blatant lie. They have all been working on developing / testing blockchain to solve the next liquidity crisis we all face, while publicly denouncing Bitcoin / Blockchain.

Here are some links from reputable financial institutions that getting on board with Ripples network, VS some random dude called Trolly McTrollface:

Do yourself a favour and have a proper read through them. For credibility bare in mind these are links directly back to these institutions own websites, not some random post on the internet by a troll. Cast iron proof that banks and FIs have been colluding together spreading FUD about blockchain to put off the retail investors like you and I! If you still think that Ripple don't have a working product, are not working with the UK, US and other governments and the IMF then I really don't know what will convince you.

Bank of England RTGS 2012 - The BoE laying out the requirement for RTGS using blockchain tech! YES, FROM 2012!
https://www.bankofengland.co.uk/-/me...infrastructure

Bank of England Ripple POC 2017 - They have said they will be onboard by 2024. 17 Trillion per day moving through that payment rail alone.
https://www.bankofengland.co.uk/-/me...fintech/ripple

Bank of England Ripple Staff Working Paper No. 725Central bank digital currencies — design principles and balance sheet implications
https://www.bankofengland.co.uk/-/me...t-implications

Just take a look at who the IMF are on stage with at the Singapore fintech festival. I wonder who the IMF are working with…
https://www.youtube.com/watch?v=Bvr-ktJTJRE

Deutsche Bank DLT - Search for Ripple
http://www.cib.db.com/docs_new/The_B...e_July2018.pdf

Interledger Protocol has been adopted as a W3C (internet protocol) standard. Built by Ripple and given away (open sourced) so that all blockchain projects can communicate.
https://www.w3.org/2018/Talks/es-ilp-20180430.pdf

Royal Bank of Scotland, the tax payers favourite bank. This is from 2015, just search for Ripple.
https://investors.rbs.com/~/media/Fi...r-18062015.pdf

Take a look at pages 12 - 13 if you want to see how the plan this to play out.
http://cofinaeventos.pt/wp-content/u...ance-Isaac.pdf

There is plenty more examples out there if you do some proper research into it.

So Raffe, this assertion that Ripple is an outright fraud and going to zero, what is it based on?

As for Bitcoin my personal view is that you can make lot of money from it in the next market boom when all the average Joe's pile into the retail market and buy up the 1st mover household name that is Bitcoin however as a long term investment it is not going to last. This is where the large FIs that currently own 80% of Bitcoin will offload it, you would be wise to do the same. It is 1st generation old tech, it is inefficient and very energy intensive, there are many other better privacy coins, like Monero for example. Transactions are very slow and it is anyone’s guess which entities control the mining hash power which validates the transaction. Once other less tech savvy people realise this it will be too late and it will take a dive. The head of blockchain at Nasdaq already realises this:

https://ambcrypto.com/bitcoin-btc-an...t-development/

I think XRP presents a great 5 to 10 year long term HODL opportunity. What do you now think?

Ripple will reach zero value even before Bitcoin. It's an outright fraud.

[chard101]

As for Bitcoin my personal view is that you can make lot of money from it in the next market boom when all the average Joe's pile into the retail market and buy up the 1st mover household name that is Bitcoin however as a long term investment it is not going to last. This is where the large FIs that currently own 80% of Bitcoin will offload it, you would be wise to do the same. It is 1st generation old tech, it is inefficient and very energy intensive, there are many other better privacy coins, like Monero for example. Transactions are very slow and it is anyone’s guess which entities control the mining hash power which validates the transaction. Once other less tech savvy people realise this it will be too late and it will take a dive. The head of blockchain at Nasdaq already realises this:

Going to revise what I said specifically on Bitcoin here as through the last month of digging various events and new information have come to light.

It looks like Bitcoin is here to stay and its specific use case is that it will become a replacement for traditional stores of value like Gold. It is going to be packaged as digital gold. Greyscale is already pushing this with a TV advert. Essentially too many FI's have been buying up Bitcoin in 2018 to let it fall by the wayside.

https://www.coinspeaker.com/drop-gol...v-ad-campaign/

I expect that in the next few years we will see them change the algorithm from POW to POS (considerably more energy efficient) or just freeze mining altogether and continue to run the network with the number mined of coins up to a certain point in time. Either way it will have to evolve from what it is now as it is too resource intensive.

What this means for those of you that are holding Bitcoin now, I think you will do well out of it in the future so hang on, you will need to be patient and wait a few years for the best gains. If you don't currently hold Bitcoin then I don't think right now is the time to buy. Much of this recent pump in price is from USDT being dumped into BTC and I see pain coming. Remember, there is no regulation or laws in the space so Market manipulation is happening all the time and I think this is just another one of those times. Just take a look at the link below and you will see what I mean.

https://www.youtube.com/watch?v=FAOX7Hcdrag

I am not saying don't buy Bitcoin at all, I'm just saying I'm sure the price is going to come crashing back down again soon so have your money ready to jump in at a prince you think it a bargain.

Once regulations happen the whole market is going to rocket up and little people like us will no longer be able to invest that the bargain prices we've see this last year. What a gift this bear market has been.

As for me, well I'm 95% in XRP, plus a few other projects I think will do well in years to come. I am expecting not to be cashing out until 2025 to 2030 as this is how long it is going to take for the market to properly mature and full adoption of DLT / blockchain tech to permeate the world, which it will. Just last month Christine Lagarde of the IMF told the world that Distributed Ledger Technology is going to be “shaking the system” and the only company with a fully functional, high speed, sub 3 second transaction system is Ripple. Technology has now waiting for laws to catch up.

Do your own research, be very patient, ignore the idiotic FUD flying around at the moment (espically on Twitter). This going nowhere until regulation and tax laws have been agreed between most of the big nations. The G20 is in July so I don’t see this happening until later in the year or next, none of us will know for sure. We are also going to see the likes of Facebook / Google and other tech companies enter the banking sector, this is the really causing the traditional banks concern. Some very exciting times coming in the finance sector, unfortunately most people out there just don’t see it and instead ridicule. Never mind, their loss.

https://news.bitcoin.com/japan-g20-c...cy-regulation/

Just to answer someone about Digital Assets and Gambling. It is only gambling if you don’t bother to do your research and you blindly invest in projects without understand their use cases, current status, competitors and backing. So personally I think no, you can’t argue that really without looking very silly.

I wish you TZ lads and ladies the best of luck!