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Showing posts with the label xrp

Crypto Market Update 2

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I believe the crypto market is going to go down in the short term based on the fact that many ERC-20 tokens could be considered securities. Also, the Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue. If you couple this with evidence that suggests Ripple’s XRP is a security (based on investor lawsuits), then one could postulate that there is a downward adjustment needed. Here are a few news sources to back up my thoughts:

https://www.linkedin.com/pulse/surviving-upcoming-erc20-crash-john-gotts/

https://www.coindesk.com/another-investor-lawsuit-claims-xrp-security/

https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

Summer 2018 Crypto Markets: Why This Year Could Be Different

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The cryptocurrency market has come roaring back, and if this trend continues, it looks like BTC could be back on its way to 10k in a matter of weeks— a rising tide that will lift other crypto boats. Many who kept the faith during these bearish past few months have pointed out that the cryptocurrency market follows an annual cycle that goes something like this:

Things start off strong in January, followed by a significant correction. Bearish trend remains until late spring, giving way to a smaller bullish uptick, followed by a flattening off in the summer months. Starting in September, prices begin to rise again, culminating in a bull market every year in November and December.



There are numerous theories as to why this pattern has repeated in recent years, ranging from family discussions of cryptocurrencies at the Thanksgiving table spurring huge November buy-ins across the US, to the Chinese New Year in late winter/early spring, which is associated with sell-offs across Asia by mi…

Ripple vs XRP - Explained

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Hacker Noon wrote an excellent article about the differences between Ripple and XRP in a January article. It looks to clear up the misinformation and fake news regarding this coin. I personally learned a lot just by reading this one article and feel I'm a lot more educated on the subject now. One snippet is that apparently Ripple and XRP are not the same thing. Ripple is the company and XRP is one of the multiple product offerings they offer. Banks don't use XRP. They use the Ripple software. Before you invest in XRP, it is recommended that you read this article.
https://hackernoon.com/4-alarming-reasons-ripple-might-not-be-what-you-think-9debc3c86985


The Truth Behind Ripple and Why I Sold It All

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The Truth behind Ripple - $XRP, and why I sold it all https://t.co/P8Zmv5gGiV

— Jared Schlar (@jaredsc) January 8, 2018

Cryptsy 2014

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Back in 2014 I had some money invested in Cryptsy. Unfortunately, they are no longer in business but I'm wondering if it is possible to recoup some of the coins I had on that site.

At the time I had:

Ripple (XRP), PayCoin (XPY), Nxt (NXT), Other Coins

I understand that there is a PayCoin lawsuit going on right now. How do I opt into that suit? If anyone can provide more information that would be helpful regarding Cryptsy or these matters, please ping me. Thanks.