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The Korea time talking about ripple


Bergusan
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Published today in the Korea time. Not much new information but hopefully reflects the sentiment of most Korean. 

http://m.koreatimes.co.kr/pad/news/view.jsp?req_newsidx=243272

 

Bloomberg also called bitcoin a “failing” digital currency, after bitcoin's value fell 54 percent in 2014 while Ripple was described as a significant competitor, in part because of its real-time international money transfers.

There were 100 billion XRPs created at Ripple's inception, with no more allowed to be created according to the protocol's rules. And therefore, cryptocurrency traders say there is a strong belief in the market that the price of Ripple will eventually rise.

“Ripple is a kind of safe investment in the virtual currency market since its nature of scarcity,” Cryptocurrency trader Kim Hwan said.

“Believing Ripple will eventually prevail in the long term, investors tend not to withdraw their money from Ripple even if they suffer a great deal of losses in a day.”

 

 

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3 hours ago, Quencu said:

How come BTC is at appr. 50% of top rating and XRP at 30%?

That is because BTC is paired with all the alt-coins and has the 'first-mover' advantage. However these early advantages have less and less value to new investors.

With the improving liquidity of XRP and the broad roll-out of Xcurrent and growing Xrapid production and pilot customers the crypto landscape is slowly changing in the favor of Ripple (XRP).

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