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Official BGOL Crypto Currency Thread ★★★★★

Aww Skeet Skeet! said:
Been a minute since I've been in the thread. Saw $ZIL running but I realized I still have ETH based ZIL... How the heck can I convert?

***EDIT***

Checked reddit, looks like there might be another chance for a token swap. God, I hope so. Sitting on like 85k @ $.018-ish.
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where y'all get ZIL at ? , i only use coinbase & robinhood ,none of em carry it
 
guyver said:
From a crypto investor standpoint, just get your money and stop acting like these people care about you or saving the world. Like I've said many times before most of the people in crypto are hypocrites and fanboys. You're risking your money and shouldn't be behaving like you're supporting your favorite sports team. As far as I'm concerned, most of the projects in crypto do the same thing as the team from Ripple and need to shut the fuck up. The only difference is they are not being officially accused of a crime so you can't see what they've done or are doing. Just to be clear, I'm not talking about you specifically.

The things you mentioned are what the SEC is accusing them of and it's in the paper.there is a difference between incentivizing customers to use a product and selling vaporware. At this point most crypto products are not legit in the sense of having a strong market presence. BTC isn't even being used the way it was intended to be used. From understanding, BTC is supposed to be used as a global currency; not an investment vehicle. funny enough it seems like vchain is getting alot of commercial adoption yet you don't see the price of the token reflecting this. I'm not even sure you can see the usage of the token reflecting vchain is really being adopted by those companies.that is why it's laughable to mention adaption in a space that is young and trying to prove the technology has value.

In my opinion, Ripple and IOG are probably the most open projects to a certain degree. Ripple normally communicates some of the things they do from a business standpoint and a little from tech side. IOG is very open about what they are doing in regards to Ada and a little about the business dealings. Most of the things we are hearing from the SEC were said by Ripple. Even public companies don't disclose everything they are doing behind the scenes. The only thing I've read so far that was kind of new was the level of market manipulation, but I'm not surprised either.we all remember the back and forth between xrp and ETH for the number 2 spot, so its clear to me someone was doing the same with ETH too.i also was surprised to hear they were buying and selling around major news events.

You mentioned Brad being the CEO of Ripple. Well Charles Hoskinson is the CEO of IOG/IOHK and is the creator of Cardano. CZ is the CEO of Binance and they created the Binance token. Justin Sun is the founder of Tron and CEO of BitTorrent. The list goes on. They are all in this to get money and the average crypto investor should do the same. Investors in crypto need to stop putting these people on a pedestal and acting like you care about empowering poor countries or banking the unbanked.when you really think about it, we are all basically dumping on poor people to get rich. Someone in Argentina doesn't necessarily care about BTC being worth 25k like we do.

I remember back in 2017 or 2018 when there were reports that Vitalik had died and the price of ETH started to fall until it was proven he was alive. I also remember when he cried like a child and threatened to leave the project and all of a sudden people were begging others to stop talking about the price so he wouldn't leave. Vitalik may not be a CEO in name but he clearly holds a lot of control as it's founder and it could be argued that the platform isn't fully decentralized as long as he is around. That is part of the reason Charlie Lee claimed he sold his litecoin. Some people believe he sold the top to get money. In my opinion how could he had known that was the top.
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:bravo: Great post.

We been using that sports team analogy for quite some time. Crypto folks on set with these assets. Bitcoin maxis. Ethereans. Xrp diehards. Link marines. In a way, the projects need cult-like devotion in order for them to thrive. People basically advertise these things. Also, it does attract developers who help build ecosystems.

But at the same time, got to MY pockets first. So I want SOME people to be in the cults assets I hold, but I never will be. Fuck that.

Yeah, Ethereum does worry me some especially going to eth 2.0. Folks act it's so decentralized but we know folks ain't going against the foundation and Vitalik. While BTC is ranked 1 out 5 on the security scale, ETH is a 2 and that was when it was POW. Link also a 2. XRP was a fucking 4 though. :smh:

Asset Ratings | Crypto Rating Counci

Leading crypto businesses committed to creating practical tools to help comply with the U.S. securities laws.
www.cryptoratingcouncil.com www.cryptoratingcouncil.com

We talk of these cryptos playing a dangerous game, but so is the SEC. Take ETH 2.0 for instance, those cocksuckers would have to wait until at least some time in 2022 to move against them. By that time, it's arguably too late and just hurts the U.S. Bitstamp still has XRP, just eliminated us U.S. citizens. Big boys can still buy it because they are international.

I've been saying since 2017 U.S. trying to make this for the institutional guys and accredited investors. Since we know they are crooked as fuck and we know ain't everything on the up-and-up in crypto, shouldn't anything surprise us. U.S. citizens just have to remember that shit will go on without us. Supposedly, the bankers don't even want the stable coins they creating to be to reliant on the dollar's value.
 
gene cisco said:
:bravo: Great post.

We been using that sports team analogy for quite some time. Crypto folks on set with these assets. Bitcoin maxis. Ethereans. Xrp diehards. Link marines. In a way, the projects need cult-like devotion in order for them to thrive. People basically advertise these things. Also, it does attract developers who help build ecosystems.

But at the same time, got to MY pockets first. So I want SOME people to be in the cults assets I hold, but I never will be. Fuck that.

Yeah, Ethereum does worry me some especially going to eth 2.0. Folks act it's so decentralized but we know folks ain't going against the foundation and Vitalik. While BTC is ranked 1 out 5 on the security scale, ETH is a 2 and that was when it was POW. Link also a 2. XRP was a fucking 4 though. :smh:

Asset Ratings | Crypto Rating Counci

Leading crypto businesses committed to creating practical tools to help comply with the U.S. securities laws.
www.cryptoratingcouncil.com www.cryptoratingcouncil.com

We talk of these cryptos playing a dangerous game, but so is the SEC. Take ETH 2.0 for instance, those cocksuckers would have to wait until at least some time in 2022 to move against them. By that time, it's arguably too late and just hurts the U.S. Bitstamp still has XRP, just eliminated us U.S. citizens. Big boys can still buy it because they are international.

I've been saying since 2017 U.S. trying to make this for the institutional guys and accredited investors. Since we know they are crooked as fuck and we know ain't everything on the up-and-up in crypto, shouldn't anything surprise us. U.S. citizens just have to remember that shit will go on without us. Supposedly, the bankers don't even want the stable coins they creating to be to reliant on the dollar's value.
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I got in ripple so low that its impossible for me to lose money. And it will eventually go back up i think but if it doesn't I still make so much more than i invested. If u get in low enough no matter what asset it is, its dam near impossible to lose. Thats the game. And thats the game that rich institutionalize investors play over and over. And thats how us bros got to move..
 
Day_Carver said:
I got in ripple so low that its impossible for me to lose money. And it will eventually go back up i think but if it doesn't I still make so much more than i invested. If u get in low enough no matter what asset it is, its dam near impossible to lose. Thats the game. And thats the game that rich institutionalize investors play over and over. And thats how us bros got to move..
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exactly!! I'm just sitting back watching, and sippin on yack, deciding when I want to take profits
 
Day_Carver said:
I got in ripple so low that its impossible for me to lose money. And it will eventually go back up i think but if it doesn't I still make so much more than i invested. If u get in low enough no matter what asset it is, its dam near impossible to lose. Thats the game. And thats the game that rich institutionalize investors play over and over. And thats how us bros got to move..
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No doubt. Look at the price of it when this thread started. Cats got bags from 2017 they forgot about. The bigger the cats made out in 2017, the bigger the bags they could afford to leave untouched in XRP and other alts. Shit is crazy man.

That's what bitcoin maxis missing. They claiming institutions won't buy alts so there won't be an alt season. They forgetting how many folks still in the game that will eventually flip for more BTC and have an interest in alts pumping. Institutions buy their BTC, the sellers take that shit to pump up alts while BTC bleeds, go back to stack BTC. Since institutions buying OTC to keep price in check, the crypto whales selling got time to max out alt season.

Fun times ahead man.
 
gene cisco said:
No doubt. Look at the price of it when this thread started. Cats got bags from 2017 they forgot about. The bigger the cats made out in 2017, the bigger the bags they could afford to leave untouched in XRP and other alts. Shit is crazy man.

That's what bitcoin maxis missing. They claiming institutions won't buy alts so there won't be an alt season. They forgetting how many folks still in the game that will eventually flip for more BTC and have an interest in alts pumping. Institutions buy their BTC, the sellers take that shit to pump up alts while BTC bleeds, go back to stack BTC. Since institutions buying OTC to keep price in check, the crypto whales selling got time to max out alt season.

Fun times ahead man.
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rinse & repeat ! sure are interesting times ahead
 
guyver said:
I've been telling someone I know that they should focus on ETH and BTC for a few months now. I wish I would have taken my own advice lls.

I was hoping to trade my half of my xrp for ETH before it hit 700 on January 1.i call myself trying to avoid taxes for this year.
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dumping everything to focus mostly 75% on BTC, ETH (and ETH affilates),Litecoin
 
guyver said:
Litecoin is another one that has been moving. I'm guessing it's because people may believe it is close enough to BTC that it won't be considered a security.
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yeah its up & down but seems to hold reasonable value with less volatility, its price correlated to BTC , WBT & Cardano(never really like it ) might pickup a few other altcoins in the mean time with other 25% but most of them on coinbase aint moving shit ! really need to move to start a new piece on binance
 
guyver said:
Litecoin is another one that has been moving. I'm guessing it's because people may believe it is close enough to BTC that it won't be considered a security.
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big money movers and shakers want a hedge against a weakening dollar.coins or tokens with longevity,use case and scarcity
Will pump like crazy.

Watch what them whales buy and sit on.
 
guyver said:
I've been telling someone I know that they should focus on ETH and BTC for a few months now. I wish I would have taken my own advice lls.

I was hoping to trade my half of my xrp for ETH before it hit 700 on January 1.i call myself trying to avoid taxes for this year.
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Fucking taxes man. Dumbest shit that crypto-to-crypto is a tax. Good news is eth got plenty to go until it gets around ATH.

I agree man with the eth/btc call. Take those 2 and pick one alt like ada, link, polkadot, etc as the gamble gamble. I don't even consider eth and alt no more. It's btc/eth and everything else to me. Eth just got so many minds working with it that it's crazy.

Right or wrong, I chose link as my alt gamble outside of BTC/ETH. Tough call between that and ADA. IMHO can't go wrong with either one. It's just these defi projects getting owned not having reliable oracles. Even though link update infrequently on some, it still won't cause a massive wreck like some of these projects been getting played on. Folks going to need to fuck with link if defi keep growing.
 
gene cisco said:
Fucking taxes man. Dumbest shit that crypto-to-crypto is a tax. Good news is eth got plenty to go until it gets around ATH.

I agree man with the eth/btc call. Take those 2 and pick one alt like ada, link, polkadot, etc as the gamble gamble. I don't even consider eth and alt no more. It's btc/eth and everything else to me. Eth just got so many minds working with it that it's crazy.

Right or wrong, I chose link as my alt gamble outside of BTC/ETH. Tough call between that and ADA. IMHO can't go wrong with either one. It's just these defi projects getting owned not having reliable oracles. Even though link update infrequently on some, it still won't cause a massive wreck like some of these projects been getting played on. Folks going to need to fuck with link if defi keep growing.
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Ada is where I decided to take my biggest risk. I was expecting it to hit .30 by the end of the year.

The crypto to crypto tax is one of the reasons I don't we'll see the levels we saw in 2017. Very few if anyone was worried about taxes back then and that's part of the reason the prices were so crazy. People were trading in and out of shit like it was nothing.
 
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It looks like people may be putting their xrp into ada, vchain and dot. If I'm lucky I may get that. 30 ada sooner than I thought.
 
Ripple will be just fine. At worst, they will pay a fine and keep it moving. The SEC actually loses plenty of cases. The US Treasury and DOJ have already said XRP is a currency. Have you seen Ripple’s legal team? One is their lawyers is Mary Jo White, the SEC chairperson before Jay Clayton and another one is Andrew Cersesny who was the director of the division of enforcement at the SEC for 3 years. I’m not worried, not selling, looking to buy more at dirt cheap prices.
 
roblo said:
Ripple will be just fine. At worst, they will pay a fine and keep it moving. The SEC actually loses plenty of cases. The US Treasury and DOJ have already said XRP is a currency. Have you seen Ripple’s legal team? One is their lawyers is Mary Jo White, the SEC chairperson before Jay Clayton and another one is Andrew Cersesny who was the director of the division of enforcement at the SEC for 3 years. I’m not worried, not selling, looking to buy more at dirt cheap prices.
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Me too. Price keeps dropping and im definitely buying more....
 

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