jamie998 124 Posted February 17 Share Posted February 17 1 hour ago, JohnnyLarue said: Having thousands of units bought in at sub-$1 is just a lot more attractive to me than having a mere fraction of something that's the currently most valued crypto ever. This is the mistake many make. Ultimately it is not how much of something you have that matters. What matters is percentages. If you have 1000 things at $1 each and it goes up by 10% you have $1100. If you have 1 thing at $1000 and it goes up by 10% you have $1100. Percentages are king. That being said, I believe you are right to think the 'potential' for higher gains in percentage terms favours XRP rather than BTC at the minute. This is something that will play in our favour as new money fomos in. They will fall into the trap of thinking that having 1000 XRP is better than a fraction of a BTC and this will only serve to drive the price up for the rest of us to hopefully benefit🤷♂️ Julian_Williams, AsYouWere, WarChest and 1 other 4 Link to post Share on other sites
Neurotoxin 602 Posted February 18 Share Posted February 18 5 hours ago, JohnnyLarue said: For someone of modest means like myself($3k all-in), It's just very hard for me to see the upside of buying BTC now. With those modest means, spreading myself too thin over multiple cryptos doesn't seem reasonable too. I recently sold all my crypto units, then got back in on this recent correction and thankfully ended up with more xrp units than when I sold. I decided to go all in on XRP again(with what we all believe here is its strong use case), but this time I've spurned BTC. A 2x growth for example seems to me to be a lot more probable in XRP than in BTC. As of today's prices, 2x would equate to approx. $1.4 per unit XRP-CAD, vs $130,000 BTC-CAD.... Maybe I'm just too beholden by old metrics of growth potential, and is my distaste of having fractional units blinding me from the opportunity of having a portion in BTC? Having thousands of units bought in at sub-$1 is just a lot more attractive to me than having a mere fraction of something that's the currently most valued crypto ever. BTC seems like it's had it's moonshot and it's currently orbiting and will fluctuate, but xrp seems to still be in the launch testing phase....That said, I see this all as a gamble, and it may just all crash and burn, but it's an amount I can lose...Happy to hear your thoughts on this. You have the right idea. It’s not about price per unit. It’s about percentage gains. If you put a thousand dollars of doge at less than a cent (not that long ago) and cashed out at 7 cents you’d have multiplied that thousand exponentially. If you had put the same 1k on btc at 5k and sold at 50k, sure you made some good money and the figure seems large when u glance over the asset, but it’s not even close to the gains made on the asset that’s literally still worth pennies per unit. JohnnyLarue 1 Link to post Share on other sites
Neurotoxin 602 Posted February 18 Share Posted February 18 11 hours ago, ChuckN said: If nobody decided to ever sell any more XRP. What do you think the price does? Stay at 50c? If every sell order at every exchange is put in at $500, and 1 person decided to buy, how much money moved the price to $500? Yeah but that only works on low volume items, and it’s doubtful for top 10 crypto assets to be trading at very low volumes (in my uneducated, non-market expert opinion). Link to post Share on other sites
strikerjax 664 Posted February 18 Share Posted February 18 (edited) Coinlist came out with Avax, Near, Flow, and Rose in the past 12 months. All quality ICO's with very good returns. I intend to invest some in the next batch. Some of these were community release which means limited allocation and one was a dutch auction. https://blog.coinlist.co/introducing-the-coinlist-seed-winter-2021-batch/ *Please do research before investing. Edited February 18 by strikerjax spelling xrp-pat 1 Link to post Share on other sites
Pauillac 22 Posted February 18 Share Posted February 18 15 hours ago, jamie998 said: This is the mistake many make. Ultimately it is not how much of something you have that matters. What matters is percentages. If you have 1000 things at $1 each and it goes up by 10% you have $1100. If you have 1 thing at $1000 and it goes up by 10% you have $1100. Percentages are king. That being said, I believe you are right to think the 'potential' for higher gains in percentage terms favours XRP rather than BTC at the minute. This is something that will play in our favour as new money fomos in. They will fall into the trap of thinking that having 1000 XRP is better than a fraction of a BTC and this will only serve to drive the price up for the rest of us to hopefully benefit🤷♂️ More peaple getting educated around crypto is a fact tho. Peaple getting smarter about btc and relatives everyday ^^ Link to post Share on other sites
Julian_Williams 14,254 Posted February 18 Share Posted February 18 2 hours ago, Pauillac said: More peaple getting educated around crypto is a fact tho. Peaple getting smarter about btc and relatives everyday ^^ I am sure the market is getting more sophisticated, and some of the youtube crypto analysis channels are giving quite good commentary these days. But getting ten thousand tokens against .005 % of one token, has a big effect on buying habits. I really do not like buying a tiny percentage of one BTC for £5k. Also the unsophisticated market are the newbies most of whom most have not arrived yet, and they will buy low value tokens just like they ever did. jamie998 and captainjack 2 Link to post Share on other sites
Eric123 9,684 Posted February 18 Author Share Posted February 18 Too soon to say the price is stabilizing at $52k but that's where it is. Bitcoin has been showing how it is not correlated with Gold, the Dollar (neg) or Equities. Link to post Share on other sites
jMusic 928 Posted February 18 Share Posted February 18 2 hours ago, Julian_Williams said: I am sure the market is getting more sophisticated, and some of the youtube crypto analysis channels are giving quite good commentary these days. But getting ten thousand tokens against .005 % of one token, has a big effect on buying habits. I really do not like buying a tiny percentage of one BTC for £5k. Also the unsophisticated market are the newbies most of whom most have not arrived yet, and they will buy low value tokens just like they ever did. You are right of course, but for me this is a good thing as btc growth will in future be driven by institutional not retail buying and the scale of their purchasing power dwarfs anything retail could ever muster. We have moved along the adoption curve, the game is changing and the bitcoin window of opportunity for retail is closing. There will always be other tokens though...yes xrp I'm looking at you Julian_Williams 1 Link to post Share on other sites
Mr_Rippling 467 Posted February 19 Share Posted February 19 9 minutes ago, Begofend said: Which would equate to buy moarrr. Didn't actually watch the video. Link to post Share on other sites
Begofend 78 Posted February 19 Share Posted February 19 5 minutes ago, Mr_Rippling said: Which would equate to buy moarrr. Didn't actually watch the video. Maybe watch it, it's pretty interesting, saying this runnis fueled by retail, where q4 run was institution. Link to post Share on other sites
Mr_Rippling 467 Posted February 19 Share Posted February 19 2 hours ago, Begofend said: Maybe watch it, it's pretty interesting, saying this runnis fueled by retail, where q4 run was institution. Whilst I do think that $50k is insane and I also agree that institutional would have been buying for around $3k, I still don't trust what JPM says. Busy at the moment but will defo watch the video. Link to post Share on other sites
MQB 539 Posted February 19 Share Posted February 19 No. They're trying to suppressing the price so they can load up themselves. Link to post Share on other sites
Eric123 9,684 Posted February 19 Author Share Posted February 19 Another Day another All Time High in Bitcoin. Looks like Bitcoin Might Break $54k today. Polkadot and NEO moving nicely as well. Ripple has their first conference regarding their lawsuit with the SEC next week. I doubt we'll get anything too surprising until Gensler is confirmed as the head of the SEC which hasn't happened yet. Julian_Williams, dtpace, Rty-Quilla and 1 other 3 1 Link to post Share on other sites
Noep 21 Posted February 19 Share Posted February 19 7 hours ago, Begofend said: Maybe watch it, it's pretty interesting, saying this runnis fueled by retail, where q4 run was institution. Did they miss microstrategy? Buying another 1 bln. Link to post Share on other sites
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