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Bitcoin Is Over $7,200!

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Ripple/XRP crushing it. It's my 2018 crypto coin.

Less than a month ago was $0.24, today $2.64. That's 1000% less than a month.

It's not a crypto I want to back as it's Vampire Squid owned and centralized but...since it is, you know it's here to stay.
 
I just can't buy it 1000% higher than a month ago. Missed it.
 
I just can't buy it 1000% higher than a month ago. Missed it.
Depends, if the rumors are true and it gets listed in Coinbase $2.64 may double almost immediately.
 
If did get into Ripple. Be sure to read up on it. It's a centralized system.

Quick hits:

100B coins pre-mined. Ripple owns at least 55B of them ( so ~38B in circulation currently). They locked these 55B up via smart contracts to release 1B every month for 55 months. Unclear of where the 1B goes. They fund companies with it, aka give us $ we give you coins. But I think any unsold coins go back into another escrow, could be wrong.

You have to "pay" for an XRP wallet. This is by design to stop spam. Transactions are essentially free, no mining, so they did this to stop spam. As of now the cost for a wallet is 20 XRP, this used to be 150, then 100, then 50, now 20. This will drop, it was ment to be the price of cup coffee, so this 20XRP, you WILL never ever get back...until they drop it to 5 XRP etc.

This IS NOT true for an exchange, like say Kraken, you don't have to have this min 20 XRP, can have just 1 or less.

So a wallet on say Gatehub, Nano Ledger etc has have 20 XRP (as today) but exchange don't.

Umm, 0.00001 XRP destroyed every transaction. This makes semi-deflationary. This is the transaction fee. Any amount of Ripple sent cost 0.00001 XRP (they call these drops)

Transactions take 4 seconds.

Downside: Banks own it, control it, use it, centralized.
 
Rumors have been swirling for awhile, but according to Bloomberg, Goldman Sachs will be setting up a cryptocurrency trading desk by the end of June 2018. Bloomberg cites unnamed sources from inside the firm. At present, the investment bank is trying to determine how it will maintain custody of the digital assets.

According to the report:

“The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies.”

Conservative but open-minded
Goldman Sachs CEO Lloyd Blankfein has previously maintained a cautious but open-minded approach to digital currencies. Blankfein recently said:

[Bitcoin] is not for me. But there is a lot of things that there weren't for me in the past that have worked out very well. If it was 20 years forward and it worked out, I could tell you why it worked out. But based on everything that I know, I am not guessing that it will work out.”

https://cointelegraph.com/news/bloomberg-goldman-sachs-to-setup-cryptocurrency-trading-desk

Crypto may be the biggest of all bankster shams.

Poor millennials can't figure out the three ball trick , yet.
 
Rumors have been swirling for awhile, but according to Bloomberg, Goldman Sachs will be setting up a cryptocurrency trading desk by the end of June 2018. Bloomberg cites unnamed sources from inside the firm. At present, the investment bank is trying to determine how it will maintain custody of the digital assets.

According to the report:

“The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies.”

Conservative but open-minded
Goldman Sachs CEO Lloyd Blankfein has previously maintained a cautious but open-minded approach to digital currencies. Blankfein recently said:

[Bitcoin] is not for me. But there is a lot of things that there weren't for me in the past that have worked out very well. If it was 20 years forward and it worked out, I could tell you why it worked out. But based on everything that I know, I am not guessing that it will work out.”

https://cointelegraph.com/news/bloomberg-goldman-sachs-to-setup-cryptocurrency-trading-desk

Crypto may be the biggest of all bankster shams.

Poor millennials can't figure out the three ball trick , yet.

Crypto market cap almost $1T total. Be awesome if gets to $20T, banks let use as collateral and all goes $0. Be 1 hell of a bag to be holding. Last person out, turn off the lights.

Things will get faster and faster.
 
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