What was your motivation for buying when you did btw. Did you think it could sustain those massive gains?

My Mining rig is getting close to being unprofitable. interesting to see what happens when lots of mining capacity gets switched off.

I've got a couple of ex work mates who have invested heavily in mining rigs, so feel bad for them. One of them had spent over 20 grand on mining rigs and rented out space in a data centre. Apparently it was costing him over 2.5K a month! Poor guy. This guy used to be a Business Analyst earning very good money and when he left the company close to a year aga became a 'full time crypto trader, miner and advisor'

Going back up it seems. XRP at around 0.79 USD

Is that the bounce? XRP went from .66 to 1.22 (au) in a flash. This is nuts.

USDT to the rescue?

ouch.

Im lucky that i have solar panels so get a decent amount of free electric

If the price goes down much more below this and its cheaper to buy btc than mine it.

USDT to the rescue?

USDT to the rescue?

Bittrex CEO, Bill Shihara has revealed that the US based exchange would open up USD deposits, possibly dumping tether as their main pairing.

He hinted that dollar deposits might be available soon on the exchange, in a bid to keep up with the ever changing demand, saying;

Dollar Bills Sitting on a Laptop

“Yes, there is going to be a time, I actually think it’s not that far away, when we are going to open up for global signups again, we will end up doing additional requirements, minimum deposit sizes, and things like that to trade, ensuring signs up that are coming in, are people who understand what they are doing…demand has been pretty incredible.”

The exchange currently only deals with cryptocurrencies, and Bitcoin and tether serve as the main pairing for their listed cryptos; however, this could all be about to change. Shihara also discussed how businesses that are focused on retail investors have used Bittrex’s back-end to offer crypto to a much wider audience saying;

“One of the ways, we get the best of both worlds, we have these partnerships, such as Korean exchange Upbit, they use our liquidity, but is basically a retail shop in Korea. We’ve built this back-end infrastructure and Upbit can just plug into it and build on top of it…We’re going to see more deals like that in the coming year. And we will be doing USD tranding; this won’t be open to everybody, available for the majority of our suterms as well as foreign partners that build on top of us.”

Physical Bitcoins Sitting on Laptop With Chart

The reason behind this change comes at a time when suspicions of Tether have heightened. They have allegedly been artificially inflating the price of the cryptocurrency, with no reserves to back up the currency, which means it could take down those exchanges that rely on USDT. When asked if we should be concerned about the Tether allegations, Shihara said;

“Tough question, we treat it as another altcoin. The market agrees Tether is backed by something, as it is trading as a dollar substitute. But I always tell people to do their own research and be cautious in crypto.”

When speaking about how the decentralised exchanges will affect Bittrex, he said;

“I think the technology has a long way to mature, we’ve got a long way to go before we see mature decentralised exchange solutions, especially trading the volume that we do on Bittrex.”

https://cryptodaily.co.uk/2018/02/bittrex-start-accepting-usd-deposits/

Blockchain USD already exist.

Blockchain EUR and GBP will exist by the end of the year.

Nothing at all new in this.

I don't think you understand what the article is about. This has nothing to do with "blockchain USD" and isn't any new technology. This is about a major alt exchange going through the regulatory framework to get fiat deposits in USD. Currently they do not accept fiat and only trade crypto pairs.

So another exchange has done the regulatory work for them, whys this big news ?

Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Sorcrer..just briefly skimmed through this thread

Sounds like you’ve made a shitload of cryptos.. are we talking about 100 -200k plus ballpark?

Hey Goey,

Here's some interesting news. Santander...Ripple

https://www.finextra.com/newsarticle/31 ... via-ripple

Not sure what currency you mean? NZD? I have a fairly large holding built over a couple of years. I trade +/- USD$2million a month.

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Unless I'm missing something, this is exactly what I've been talking about with Ripple. Where's the use of XRP? Ripple has other blockchain products that don't require the use of XRP and that seems to be what banks are going with, not XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

Xrapid. https://ripple.com/solutions/source-liquidity/

And if something different happens it will be explained and a re-interpreted future given by another
set of magic numbers.

https://www.finextra.com/newsarticle/31520/moneygram-trials-ripples-xrp-digital-currency

Nathaniel Popper and Brad Garlinghouse exchainge re the use of XRP.

Xrapid. https://ripple.com/solutions/source-liquidity/

A Santander spokesperson, said "we plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the company's native cryptocurrency.

Wnere about Xrapid? Literally from the Coindesk article:



https://www.coindesk.com/santander-uk-r ... yment-app/

I'm predicting XRP at between $5 - $10 by mid year. I'm working towards holding 100 000 of them.

That sounds like more than enough to live off..so have you retired from your normal work to live off trading crypto?
Just interested because I've read a few stories of people giving up their normal occupations to trade.. risky but if it pays off you're made for life

Partnerships (publicly known)
Accenture[52] • Akbank[53] • American Express[54] • ATB Financial[55] • Axis Bank[53] • Banco Bilbao Vizcaya Argentaria (BBVA)[53] • BMO Financial Group[56] • Cambridge Global Payments[53] • Canadian Imperial Bank of Commerce (CIBC)[55] • CBW Bank[3] • CGI Group[57] • Cross River Bank[3] • Davis + Henderson (D+H)[58] • Deloitte[59] • Earthport[40] • Expertus[60] • eZforex[53] • Fidor Bank[39] • Mitsubishi UFJ Financial Group (MUFG)[53] • Mizuho Financial Group (MHFG)[56] • National Australia Bank (NAB)[56] • National Bank of Abu Dhabi (NBAD)[55] • ReiseBank[55] • Royal Bank of Canada (RBC)[56] • Santander[61] • SBI Holdings[62] • SBI Remit[53] • Shanghai Huarui Bank (SHRB)[56] • Siam Commercial Bank (SCB)[56] • Skandinaviska Enskilda Banken AB (SEB)[53] • Standard Chartered[56] • Star One Credit Union[53] • Tas Group[63] • Temenos Group[59] • UBS[55] • UniCredit Group[55] • Volante Technologies[64] • Westpac Banking Corp[56] • Yantra Financial Technologies[65] • Yes Bank[53]

Experimenting (publicly known)
Aeon Bank[66] • Aomori Bank[66] • Ashikaga Bank[66] • Australia and New Zealand Banking Group (ANZ)[67] • Awa Bank[66] • Bank of England[68] • Bank of the Ryukyus[66] • Bank of Yokohama[66] • Chiba Bank[66] • Chugoku Bank[66] • Commonwealth Bank of Australia[44] • Daiwa Next Bank[66] • DBS Group Holdings[69] • Fukui Bank[66] • Gunma Bank[66] • Hachijuni Bank[66] • Hiroshima Bank[66] • Hokuriku Bank[66] • Hyakugo Bank[66] • Iyo Bank[66] • Juroku Bank[66] • Keiyo Bank[66] • Michinoku Bank[66] • Mizuho Financial Group[66] • Musashino Bank[66] • Nishi-Nippon City Bank[66] • North Pacific Bank[66] • Oita Bank[66] • Orix Bank Corporation[66] • Resona Bank[66] • Royal Bank of Scotland (RBS)[70] • San-in Godo Bank[66] • SAP[71] • SBI Sumishin Net Bank[66] • Senshu Ikeda Bank[66] • Seven Bank[66] • Shimizu Bank[66] • Shinkin Central Bank[66] • Shinsei Bank[66] • Sikoku Bank[66] • Sony Bank[66] • Sumitomo Mitsui Trust Bank[66] • Suruga Bank[66] • The 77 Bank[66] • The Daishi Bank[66] • The Nomura Trust & Banking Co.[66] • Tochigi Bank[66] • Toho Bank[66] • Tokyo Star Bank[66] • Tsukuba Bank[66] • Western Union[32] • Yachiyo Bank[66] • Yamagata Bank[66] • Yamaguchi Bank[66]