Bitcoins
- Thread starter Ne Obliviscaris
- Start date
Good thing i didnt buy pac coin. Bitcoin transfers from gdax so slow lol. By the time i got my coin in cryptopia pac coin went to shit haha
Props:
Mac Jesus and Mac Jesus
right. Yes my bitcoin transfers be taking 8-12 hours normally. Annoying. i have ltc and eth but only a small amt and i dont want to spend it b/c it keeps going up. I have a lot more bitcoin so i have been using that to buy the smaller alts. but it so damn slow. they need to hurry up and update their network
binance is dope. i just bought hella ripple there. but ripple went down now. lol. I'm sure it will bounce back stupid market keeps fluxuating.
right. i was tempted to just get in and get out see if i could make a quick buck. but now i'm realizing thats a very risky move. So i'll probably just invest in more "safe" alts. Although this whole market isn't necessarily safe, a lot of the bigger ones I see at least being around for the next year. My investment plan is only 1 year with this crypto shit. After this year who knows what will happen so im trying to cash in real quick while its poppin. Although I do think the technology will eventually become a normal part of our lives, this damn crypto gold rush who knows how long it will last and what will remain. I just want to get some crazy gains.
binance is dope. i just bought hella ripple there. but ripple went down now. lol. I'm sure it will bounce back stupid market keeps fluxuating.
right. i was tempted to just get in and get out see if i could make a quick buck. but now i'm realizing thats a very risky move. So i'll probably just invest in more "safe" alts. Although this whole market isn't necessarily safe, a lot of the bigger ones I see at least being around for the next year. My investment plan is only 1 year with this crypto shit. After this year who knows what will happen so im trying to cash in real quick while its poppin. Although I do think the technology will eventually become a normal part of our lives, this damn crypto gold rush who knows how long it will last and what will remain. I just want to get some crazy gains.
Some of you might've noticed that certain coins on coinmarketcap.com have had their value changed quite drastically overnight, Ripple being the most obvious example for this.
If you look at the coins that have corrected, you can see that Korean exchanges where the price discrepancy has been quite notable have been excluded from the calculated mean price. Ripple was traded at $3.90 in Korea, and approximately $2.67 on non-Korean exchanges. This has led to almost 40b being removed from the entire cryptomarket's total cap overnight. This is nothing to be alarmed about.
One of the main reasons for these extreme discrepancies is due to the Korean market being quite isolated from the rest of the world, making arbitrage between the exchanges impossible on a large scale.
If you look at the coins that have corrected, you can see that Korean exchanges where the price discrepancy has been quite notable have been excluded from the calculated mean price. Ripple was traded at $3.90 in Korea, and approximately $2.67 on non-Korean exchanges. This has led to almost 40b being removed from the entire cryptomarket's total cap overnight. This is nothing to be alarmed about.
One of the main reasons for these extreme discrepancies is due to the Korean market being quite isolated from the rest of the world, making arbitrage between the exchanges impossible on a large scale.
