Live data from Hacker News

Ripple Slides After Coinbase Says Not Adding New Crypto Coins

bloomberg.com

41–50 of 75 posts

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#42

Coinbase shouldn't dictate the market. It is the other way around. And sooner or later I hope they will be forced to add it. Having an argument "Our mission is to create an open financial system for the world" and accepting >only< decentralised cryptos sounds like an oxymoron to me.

They don't. This article is inaccurate. Ripple has gained along with the rest of the altcoin market. Has little or nothing to do with Coinbase.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#44
post #2

This article lacks any context whatsoever. XRP is still up from yesterday. Up 100% since last week. Also Coinbase has not said that it will not add XRP, just that they haven't made any decisions yet.

Given XRP goes against their current "Digital Asset Framework" for adding new tokens/coins, I don't see it being added anytime soon without revision: https://www.gdax.com/static/digital-asset-framework-2017-11....

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#45
post #28

Why exactly did Ripple start going up in the first place?

Bitcoin stopped going up so people started looking where to park their value. Ripple was next, followed by Lumens. And followed by smaller cap ICOs like TXR. I would say that the best strategy is lookfor smaller market cap ICOs run by a team that is WELL CONNECTED. The better connected the tram the more chance the coin will explode several times as articles come out about new initiatives.

> I would say that the best strategy is

Apologies, can't help myself being a cynical bastard.

I would say that the best strategy in long term is to invest in assets that actually produce cash flow to the investors.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#46
post #25
post #23

Earlier quoted context omitted.

The crazy part is that Ripple is really a total nonsense cryptocurrency it's centralized it as counterparty risk and if any time in the future Banks decide to use it, they will use the tech, not the coin, it's pure madness a lot of people will lose their investment, Ripple it's the "Pet.com" of the cryptocurrency bubble. And btw the founder that as 17% stake is really a con artist.

I am always wondering about people saying this. XRP is counterparty-free I have studied their consensus protocol and it is indeed decentralized. We are planning to use some of the ideas from it in our network. As for founders having 20% of a startup company, that's common. Look at Mark Zuckerberg for instance. Why does that make them con artists? Bitcoin whales and Satoshi control 40% of bitcoins while over 99% of th…

>XRP is counterparty-free

You have 100 USD and 100 XRP in your ripple wallet and the gateway you deposited USD to fund your wallet closes shop, you are now left with the bag in the hand and you must trade 'em for another gateway's IOUs, or try to find someone to buy them from you.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#47
post #8

After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.

What did you buy? I've now bought and sold many k's worth of Eth. It usually takes about a week for a purchase to settle and less when selling.

LTC. I have had 3 other buys/sells that went through normally, but one buy for approx $1k LTC @ ~$100 is stuck and my support request is sitting with no response. They don't respond to requests and so far haven't even acknowledged a backlog of pending buys, despite daily messages of various delays and outages. Could they be tying up customer funds on purpose?

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#48
post #27
post #8

After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.

I had to get my bank involved with a purchasing issue from Coinbase. They declared the charges as fraudulent since I couldn't get a response from anyone at Coinbase. This was back in early 2016 before the recent crypto madness too...

I'm pretty close to doing the same thing, but I hestitate because basically that will just mean Coinbase got an interest free loan from me, and the LTC are worth over twice as much now.

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#49
post #46
post #25

Earlier quoted context omitted.

I am always wondering about people saying this. XRP is counterparty-free I have studied their consensus protocol and it is indeed decentralized. We are planning to use some of the ideas from it in our network. As for founders having 20% of a startup company, that's common. Look at Mark Zuckerberg for instance. Why does that make them con artists? Bitcoin whales and Satoshi control 40% of bitcoins while over 99% of th…

>XRP is counterparty-free You have 100 USD and 100 XRP in your ripple wallet and the gateway you deposited USD to fund your wallet closes shop, you are now left with the bag in the hand and you must trade 'em for another gateway's IOUs, or try to find someone to buy them from you.

[deleted]

Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins

#50
post #11
post #8

After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.

Some alternatives: Binance, Bittrex, Gemini

I started using Binance a couple of weeks ago.

My login suddenly stopped working last week.

I do not recommend them unfortunately =[

Post reply on HN