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I thought this price jump in STR was the normal, "Hey we used to be related to XRP so we're worth something too." pump and dump routine that happens whenever there's good news for XRP. When it just kept going up I started googling and still nothing. Then I switched to the past 24 hours and find that IBM just partnered with Stellar to use not their software but their token for cross boarder payments throughout the pacific region. They are supposedly going to handle 60% of the money transfers in 7 countries. WTF? Why did they pick Stellar and how big of a blow is this for XRP? https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/ I don't understand how or why this happened.
So.......I underestimated the potential market value of Ripple and sold a little too early, even predicted that it was a bubble that was going to pop soon. It has actually been holding strong at 30-33 cents. I originally invested in XRP at .005 thinking that it would be the next Bitcoin and rise to over $100 if not more. Very idealistic thinking, however, the reason Bitcoin became so big is a paradigm shift. Bitcoin is the symbol for cryptocurrency and will probably never drop below another crypto. Ultimately, people don't care about the underlying technology, they care about the paradigm. Those early adopter millionaires of Bitcoin are rare, and so is every other crypto. Early adopters took the risk and waited patiently until it took off. Now, for the fun part. If you were an early adopter in Ripple like me, you understand the importance of market share. When the first attention of Ripple came about and the coin popped to .06, people sold to whales and gave up 80% of their shares. Now the price has drastically outperformed and profits have been taken. Nobody is certain how this will end up for Ripple. It could really do anything. Here's what I've done. I now consider myself a whale, however, there are larger whales than me in Ripple or any other currency...........except for Stellar. Stellar makes it possible for any XRP early adopter to become a whale amongst the noob army of crypto traders. Plus Stellar just broke out and is currently in the "attention" stage of a price chart. There's really not much to lose compared to XRP or anything else. People get nervous to invest when there is little ceiling to grow and a lot of abyss beneath. Stellar is currently a safe bet compared to most cryptos, and could perform just as high as ripple considering it has even faster transactions. Remember, Jed is one of the unsung heroes of this revolution and has even improved upon Ripples flaws. Plus, who doesn't love a little competition (i.e. mac vs pc). Stellar is to mac as Ripple is to PC. If you're like me, you follow the creator of wealth, therefore I follow Jed and the upside of Stellar. Which, BTW has less available supply as ripple. Ultimately, the two can do the same thing but you have to pick sides for who you support. Personally, I support my bank account and will be switching over to Stellar. There is just too much upside, and I want to continue the practice of early adoption. ~Tyler Durdenn