Cryptocurrency Talk Latest Replies
07 Nov 2023 12:49:32
I'd take last quarter ed anyway :) what we don't see or can't project is what's potentially going on, which isn't necessarily anywhere in the historical charts.
ISDA membership ($1.2 Quadrillion? market), BRICS, ISO/Swift etc, XRP price needs to be a lot higher to help facilitate the transactions value wise.
Only a couple of weeks ago, China did I think their 1st transaction buying 1 million barrels of oil using crypto/cbdc. Bought from the UAE via a Singaporian network (Ripple not long agreed Singaporian membership (SGX? ) with the biggest bank in Singapore. Ripple has partnerships with all the biggest banks in Asia, Europe, South America, Australia, Europe, America, Russia.
Maybe the start of bypassing the US Dollar which is what BRICS is about.
{Ed033's Note - Thanks.
07 Nov 2023 11:19:34
That would be nice ed, a lot of the "experts" are suggesting the $7 you mention in the 1st quarter of 2024. British Bank iso implementation spring 2024 (although could be pushed back to the summer 2024) according to their roadmap. (I presume April 1st for the start of financial year) . All the indicators suggest a surge upwards from now into next year, especially 1st quarter of 2024. Not a lot happens over the xmas period.
{Ed033's Note - i was thinking $7 is last quarter of 2024, but i'll take $7 in April
07 Nov 2023 09:03:33
Hope so, also lot's of indicators etc showing a big pump around 15th, 16th, 17th of this month.
I know I've said it before but it may be that XRP is leaving price points behind which it'll never visit again.
{Ed033's Note - thanks Supasub, hopefully we can get over $7 XRP sometime next year?
04 Oct 2023 14:24:18
It would'nt work for say XRP and Ethereum as the are now PoS (proof of stake) limited supply whereas BTC is still PoW (Proof of work) which is still mined but running out of equations.
I remember reading somewhere that a Quantum computer could create quite a lot more BTC and much quicker.
04 Oct 2023 14:01:41
In theory I think a Quantum computer could create more Bitcoin? Not entirely sure but that would lower the price if more were created.
03 Oct 2023 16:57:37
Thanks for the info, Ed033. I didn't know about the paper wallet option. that's a good option for the bug out grab bag or buried at a secret location.
So I guess the only way to erase the blockchain would be a realm-wide EMP type event but even then surely there are machines completely shielded from such events?
Maybe this is more a discussion for the Talk-Sense pages as my thinking is heading in that direction.
{Ed033's Note - It's highly likely that a quantum computer is able to steal our crypto from us.
02 Oct 2023 16:57:46
Where would one store or access it if the 'grid' went down?
Genuine question. Does it all just get 'reset'?
I apologise for the dementor like diminishing of confidence in anything. My bad.
{Ed033's Note - Ok, your crypto doesn't actually get stored inside a 'wallet'. Your crypto is always 'stored' in its Blockchain. A wallet accesses Blockchains.
If the 'grid' goes down, you wait for the 'grid' to come back up and hey presto, you have access to your crypto again.
Prior to the 'grid' going down, you can store your crypto in a Paper Wallet if you know how to do it. Look up 'how to store crypto on a paper wallet' in a search engine.
15 Sep 2023 12:42:29
I'm guessing you can send crypto straight to Revolut and convert but I've not tried it yet. I just do it as I explained as it works for me in a hurry.
15 Sep 2023 10:06:03
I recently used Coinbase as I haven't tried anything else for a while and it worked fine for me.
First if you need to convert to XRP or XLM as it's cheap to send and send to Coinbase if you've nothing in your Coinbase account.
Convert to Cash GBP in Coinbase.
Send straight to your bank account depending on who you bank with.
If your bank (like many) have temporarily blocked crypto exchange payments then set up a Revolut account.
The process of sending from Coinbase to Revolut to your bank account once set up can take like a minute or so to do and appear in your bank account almost instantly.
You may need to send like £5/£10 from your bank account to Revolut to use the quick setup function which worked well for me.
Hope that helps.
{Ed033's Note - Thanks Supasub.
09 Sep 2023 17:16:45
Incredibly kind of you to put that thought in to the Realm. Thanks, Supasub. Know you are appreciated by someone you have never met.
08 Sep 2023 17:11:09
What would be funny is if Ed32 was suddenly sitting on $20K - $100k in XRP. That would be newsworthy.
{Ed033's Note - That would be amazing
08 Sep 2023 17:05:27
Lol, no, I'm not a betting man and my offer to you was unique and never done for anyone else. I need XRP to take off to pay you the more than likely £500 end of 2024 :)
08 Sep 2023 14:33:37
Lol probably ed, but even double digits would be very nice.
Bitcoin halving which is around the 1st week of April 2024 will propel things hopefully between now and then too.
{Ed033's Note - I'm surprised you didn't offer to bet me £500 in XRP that XRP would hit $10 within 7 months' time :)
07 Sep 2023 17:53:47
Don't know if I've posted this before, but just so people here know what I'm talking about. Link to the list for the Quantum Financial System on Coinmarketcap. A few of which are ISO20022 approved, including some mentioned in these threads.
Top QFS cryptos
{Ed033's Note - Thanks Supasub.
07 Sep 2023 15:46:10
Oh add HBAR / Hedera Hashgraph. Keep a close eye on this too as they seem to have a clear path with some very big backers.
{Ed033's Note - Ok, thanks a lot Supasub.
07 Sep 2023 15:39:16
There is plenty I would hold ed lol. I had about 5 ETH that I traded in for QNT a few months ago at about $2k each. I then traded in my QNT for XRP.
I'm probably around 75% XRP, 5% XDC and 20% other stuff. I will only go into ETH and BTC again when XRP goes parabolic.
I like the idea of holding ETH but it is expensive to do anything with.
ETH has gone from POW to POS some time ago which means it can't be mined anymore.
What happens if the SEC change their tune and take it through the whole security status route? To do it now would be much worse timing than when they did it to Ripple as there seems to be more and more attention on ETH's "free pass" from Hinman and the SEC with congress also looking more into it. ETH price would tank overnight.
Vitalik is a shrewd character though, served an internship at Ripple and I think tried to be part of Ripple, he doesn't look human to me lol.
What we need to watch out for is if Vitalik manages to get rid of the very high gas fees, an ETH stablecoin and awareness of ETH integration with a large amount of financial institutions/banks globally as there only seems to be rumours in America.
There is nothing I can see by ETH or anyone else for that matter that even comes close to XRP/Ripple. XLM/Stellar and XDC are the only other ones making good partnerships but on a smaller level but then I can't see what I can't see.
07 Sep 2023 13:46:49
I'm not entirely sure as I wouldn't call myself an expert but BCH (set at 21 million like BTC) costs something like less than 1 pence to send in a transaction but can still take anything like 20-30 minutes +, the cost of the transaction makes it attractive against BTC but it's still slow but I'm guessing it has it's place, I won't be getting any though.
BTC we know is expensive and slow. Can take up to around 40 minutes +, can cost around $50-$60+ to do a transaction (cheaper to just still do a BACS payment today so doesn't make sense) .
Neither have the utility to be dominant but retail and celebs still like BTC.
I'm guessing the Ripplehub is Ripples way of facilitating best price for banks/financial institutions of getting the best transaction price and speed for BTC, ETH, LTC and BCH in an instant.
I suspect more can be added. XRP isn't there but it will be once the case has ended. XRP will be like water/liquid gold that runs through everything.
XLM will be like silver but I think more for person to person payments and so on for some of the others listed ISO20022 approved and Quantum network linked coins/tokens.
XRP's cost and speed and it's groundwork in the last 6 years or so makes it imo the Daddy however much TPTB seem to be trying to push ETH which still has very high cost issues.
And yes, forgot to mention that Ed is absolutely bang on the money. XRP steps/spikes and pulls back then goes again. This last year or so it's spiking every 2 months so we are near the beginning of the next spike. You can skim so much off the top like Ed says and either withdraw your trade keeping a substantial bag or just hold in a stable $1 dollar token as the price goes down and buy back even if you need to wait days, weeks or a couple of months.
You will never be able to sell at the true top and buy at the true bottom though without some luck or a Bot.
Or like I do if your able to just Hold/Hodl. I've tried trading and I nearly always mess it up as I get fomo and get a little too emotional.
{Ed033's Note - Thanks supasub.
Would that make holding some ETH a hedge bet for you regarding crypto?
07 Sep 2023 09:41:21
Just to add like I put on another page today. Natwest are apparently limiting deposits and withdrawals from September 11th (ironic date I know). Surely other banks will follow. The banks are leaving towns and high streets as they know they won't be needed as everything will be digital. They don't want your cash or cheques. Soon you will have a crypto wallet attached to microsoft edge and you have others like amazon and X formerly twitter going down this route. Both will be using Ripple/XRP. Elon is shedding his BTC and rarely mentions Doge and has changed Twitter to X. X = XRP and probably XLM and XDC.
{Ed033's Note - thanks Supasub.
07 Sep 2023 09:34:48
Adoption will be key through BRICS + SCO (others will jump on board), ISO20022, the Quantum financial system, the Ripplehub (which facilitates BTC, ETH, LTC and BCH transactions) and many others like credit card companies, apps and websites etc.
Ripple has only recently become a member of the ISDA which is a $1.2 quadrillion financial giants market (current crypto market is $1.4 trillion, peaked around $3 trillion).
From now to what XRP could and will become part if not most of it sends it into a massive unknown for any cryptocurrency.
XRP being tailor made for this in the tokenisation of all stocks/shares and a reserve currency which other countries can use apart from the dollar, hence this prolonged SEC case as they saw what was coming.
It's just a matter of time. The Bank of England who have not long ago trialled ripple/xrp have on their roadmap to start cbdc / iso20022 in spring 2024 (i'm guessing April 1st 2024 for the start of the new financial year) . The Bank of England are a little behind other banks. I think a lot of positives are going to happen for Ripple/XRP in the next 6-9 months. It is a gold rush of our generation imo.
The Ripple president has announced this week that basically if any financial institutions/banks don't use Ripple/XRP then they will basically die or just disappear.
Just get what you can, try and store on a cold wallet if it's a substantial amount to you and sit tight and wait. 3 months to 24 months or so is nothing in the grand scheme of things.
07 Sep 2023 09:18:30
Thanks ed by short term I meant in the 3-6 months range and long term I meant like a 5yr investment. I am long term unless something extraordinary happens .