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Other Cryptocurrency

Discussion in 'General' started by MLyons, 6 Dec 2017.

  1. Anfield

    Anfield Multimodder

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    Seems to be mostly down to South Korea going bananas for XRP, look at that volume:
    https://www.bithumb.com

    Essentially my interpretation is that the currently very uneven distribution of trading volume is causing the issues with price discrepancies.
    (of course I may be way off).
     
  2. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Blimey, £3.08 a coin? Wonder how difficult it is to set up a Korean bank account...
     
  3. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    Less difficult than extracting your money from it. :D
     
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  4. bawjaws

    bawjaws Multimodder

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    And probably easier with South Korea than with North Korea :D
     
  5. Guest-23315

    Guest-23315 Guest

    Banged some of my XRP into Tron.
     
  6. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    You don't reckon it might have peaked for now? 170% in 24 hours is pretty heavy going - FunFair's up 85% and I'm worried a dip is imminent!

    EDIT: And no sooner did I post that than FunFair went from +85% to +25%. Called it!
     
    Last edited: 4 Jan 2018
  7. Guest-23315

    Guest-23315 Guest

    TBH I did it at 2am last night so didn't get hit too hard.
     
  8. Zoon

    Zoon Hunting Wabbits since the 80s

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    XRP was up a whole dollar today although dipping back a bit now.
     
  9. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    Until tomorrow when it goes above $4. :D
     
  10. Parge

    Parge the worst Super Moderator

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    I'm in fairly big on REQ. Bought in at $0.44.

    I like that its backed by Y Combinator (who in fairness back hundreds of different companies), is based in Silicon Valley so good access to potential partnerships/networks, and they have beaten their milestones so far.

    The main concerns are, that the token is only partially connected to the actual blockchain, and that the team is newish, and they don't have a huge amount of quality commits on Github etc.
     
  11. subset7

    subset7 Spanking the Monkey

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    Does anybody have any experience of cashing out to GBP?,I bought some XRP in November when it was 0.16p and was thinking of cashing out my initial investment and holding the rest but can't seem to find much option of getting it back in to my bank account.
     
  12. Parge

    Parge the worst Super Moderator

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    Yeah, just transfer it to BTC, send it to coinbase and cash out in Euros. You will have to setup a SEPA transfer which takes a short while, but is worth it if you want to cash out.
     
  13. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Convert it to Litecoin, not Bitcoin - you'll save a few quid in fees and it'll land more quickly. Otherwise, yes - and set up a Revolut account to receive the SEPA transfer to save even more in bank fees.
     
  14. Mister_Tad

    Mister_Tad Will work for nuts Super Moderator

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    Check your bank for fees to receive a foreign wire transfer as well, it may be less than you think. My account is a £7 flat rate whether it's £1000 or £1m (though sadly I've never tested the latter out)

    I'm on the fence of what to do with my XRP, anyone else cashing out?

    On one hand there could well be a lot more to go in the long run, on the other hand that puts the valuation of Ripple Labs from ridiculous to preposterous.
     
  15. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    I’m holding for a while. I know that if I sell now, it’ll just continue to go up. I have already made triple and then some on my original investment, but I am greedy and want to see where it ends up. :D
     
  16. Byron C

    Byron C Official Necromancer

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    I'm probably already too late to this party, but which exchange are you guys buying XRP from?
     
  17. Mister_Tad

    Mister_Tad Will work for nuts Super Moderator

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    CEX here
     
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  18. subset7

    subset7 Spanking the Monkey

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    Got mine on Cryptomate,and thanks for the replys i'll look in to it :thumb:
     
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  19. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Mine's £10 plus 1.5% above interbank for the conversion from Euro to GBP - whereas with Revolut, which was free to join, it's free then 0% above Interbank up to £5,000 and 0.5% above interbank over - and then I can Faster Payments it to my proper account free of charge.
    Binance.
     
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  20. Guest-23315

    Guest-23315 Guest

    Bitfinex.

    TBH, im not going to pull out of XRP now, or even bother actively managing it.. if it drops to $2 I might cash out, but I still would have made 10x what I put in.
     
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