Litecoin going mad right now - up to almost £175! Really annoyed Coinbase refused to acknowledge my ID while it was still at ~£70, but suppose it doesn't really matter that I bought mine for £96 when I plan on sitting on it for a while.
Now at £291... Crypo experts, how long do I ride the wave?? I assume a correction is incoming - but at £300? £500? £1000?!!
To paraphrase Richard Feynman, ""If you think you understand crypto currencies, you don't understand crypto currencies"
Wow, looks like I actually hit it right on the button... for the first time in my life. Bought at £98 (should have been £72!), sold at £288. Price seems to have levelled out at £270-280, waiting for a correction before diving in again. Eth and Bit making progress, too!
Nicely done! I got in at £76, but given my past history with the markets I'm just holding. I'll revisit it some time in early 2018, see how it's doing then. I did the same thing with Monero, buying two for £5 each and ignoring 'em. I think they're worth £200 a throw now... (I also did the same with Ethereum, then sold 'em at £10 each because I was worried about an upcoming hardfork. Whoopsie!)
Coinbase, Kraken and Bitfinex all struggling from load today. Bitfinex claiming on twitter that they are a victim of a DDOS.
Well, today marks a milestone: for the first time since splitting my holdings evenly between Bitcoin and Ripple (at which point Bitcoin shot up and Ripple sank, as is tradition,) my Ripple holdings are worth more than my Bitcoin holdings. Huzzah!
Handful of things. Ripple itself is basically company scrip, in that Ripple-the-company is in full control and there's no mining (deflation is achieved instead through the destruction of coin every time a transaction is made), but the underlying technology is pretty neat: unlike Bitcoin's four-transactions-per-second, which will improve marginally when more people adopt Segwit and could improve dramatically when the Lightning Network launches, Ripple can scale to thousands upon thousands of transactions per second, with incredibly low transaction fees and clearance in minutes rather than hours. That leads me into reason the second: Ripple's tech is so tempting that American Express has started using it for cross-border transactions, with Ripple-the-company hinting that AmEx might start using Ripple-the-coin in the near future. It's not alone, either: India's biggest bank has also adopted Ripple-the-tech. Reason the third: Mike Arrington, the money behind TechCrunch, has launched a venture capital fund which is valued entirely in Ripple-the-coin. The main reason, though: Mankz is in Ripple for way more than I am, so if it all goes mammaries-skyward I get the dual wicked pleasures of knowing he lost more than I did and being able to blame him for my misfortune!
I used to have two Ether on a paper wallet, then sold 'em at about £11 each 'cos I was worried about an upcoming hardfork tanking the price. Not my finest moment, that.
