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Ripple Not Bitcoin Will Be The Cryptocurrency Of The Future

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Some bullish article: 

Ripple can be expected to “convert the remaining crypto cynics,” affirms the boss of one of the world’s largest independent financial services organizations.

The prediction from Nigel Green, the founder and CEO of deVere Group, comes as Ripple (XRP) experienced a spike last week, adding another $62bn to its market value. The cryptocurrency also broke some key resistance, such as $0.6500 and $0.6600, nudging it towards the important $0.7000 level against the dollar.

Mr Green, whose firm launched the pioneering crypto exchange app, deVere Crypto, this year, says: “After the cryptocurrency market somewhat overheated at the end of 2017 – thanks largely to investors piling in, pushing Bitcoin to an all-time high of more than $19,000 – there was a major, natural price correction in the first quarter of this year of most of the major cryptocurrencies.

“But the cryptocurrency market is, once again, now looking already significantly more bullish than it did in Quarter 1.”

He continues: “This latest upward crypto market trajectory can be attributed to the fact that institutional and retail investors are increasingly appreciating the fundamentals, such as the need and demand for digital currencies in a digitalized, tech-driven age.

“Also there is now huge awareness that blockchain, the technology that underpins the likes of Bitcoin and Ripple, is likely to be the world’s next major disruptive technology.”

Mr Green goes on to assert: “Cryptocurrencies are now really coming into the mainstream. But there are still some critics of the crypto revolution. However, I believe that Ripple (XRP) can be expected to convert the remaining crypto cynics.

“This is primarily due to Ripple’s apparent emphasis on integrating with banks and other financial institutions.

“For instance, banking giant Santander has recently launched a foreign exchange service that uses blockchain technology developed by Ripple to make same-day international money transfers. It is also reported to be in talks with other major global banks and money transfer groups to develop similar products.”

He adds: “However, cryptocurrencies remain highly determined by market sentiment, and caution must be exercised and professional advice should be sought.”

The deVere CEO concludes: “By focusing its development strategy in this way, Ripple is likely to help change the perception of crypto, expand its own value, and co-lead the ongoing shift in the way the world uses, manages, accesses, stores and exchanges money.”

Full story here: https://www.valuewalk.com/2018/04/ripple-beats-bitcoin-2018/

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11 minutes ago, marousi said:

Well, don't be surprised if BTC is 25k usd EOY and xrp is struggling to get to 1 usd.

if BTC is 25k - then by sheer coupling logic - XRP will be $5

you cant say that bitcoin is king and holds up all other coins 1 minute when I suits you and then say BTC will rise and leave the rest standing still the next

 

WU TANG

Edited by Foolaman

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1 hour ago, Plennie_Wingo said:

More like $2 if the current pattern holds.

cool.... well either way - the point I was making was coupling of cryptos at present is either in effect or not and maurosi cant pick and choose when in his /her argument(s)

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@KarmaCoverage thanks for your post. I agree and think that's a rationally optimistic outlook on the future of XRP vs BTC in relation to which will become the underlying "backbone" for global internet-based payment. Anecdotally, I have heard the same where many BTC maximalists sheepishly admit they use XRP to move their assets between exchanges because it is the cheapest and fastest.

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48 minutes ago, woytow said:

@KarmaCoverage thanks for your post. I agree and think that's a rationally optimistic outlook on the future of XRP vs BTC in relation to which will become the underlying "backbone" for global internet-based payment. Anecdotally, I have heard the same where many BTC maximalists sheepishly admit they use XRP to move their assets between exchanges because it is the cheapest and fastest.

Path of least resistance always wins.  XRP is in the path of least resistance, and will remain squarely in the path of least resistance with 2019 Cobalt upgrade and 1s transaction speeds.

It is only a matter of time.

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2 minutes ago, SuperTronk said:

bitcoin will always be #1 network effects crush anything.  

haha yeah... and nope.  Latency and cost of BTC network will impose a firm ceiling to its adoption and cap the network effect that can be obtained.

Ripple/XRP parameters allow for a much greater ceiling and thus a significantly broader network.

And then - as you said - network effects crush anything.

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Just now, automatic said:

haha yeah... and nope.  Latency and cost of BTC network will impose a firm ceiling to its adoption and cap the network effect that can be obtained.

Ripple/XRP parameters allow for a much greater ceiling and thus a significantly broader network.

And then - as you said - network effects crush anything.

you are just saying that since you invested in Ripple.  Bitcoin will always remain king (whether it be a collectors item or just the #1 in the arena)

There will be better tech than bitcoin but essentially everything is compared/paired to BTC... the new faster tech is thrown out the window as something would have dethroned bitcoin already.

 

Your older wealthier investors aren't speculating on small coins.  they want Bitcoin....only bitcoin and maybe a few others.  its battle tested and hasn't been hacked yet.  Until it does it will remain king

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4 minutes ago, SuperTronk said:

bitcoin will always be #1 network effects crush anything.  

One can always wish upon a star.

Maybe someone should buy a star in the intergalactic star rigestry and name it after a Bitcoin address, then BTC can get the first mover on going inter-steller (pun intended).

In all seriousness, both SWIFT at the bank level, and BIS at the Central Bank level are networks. As RippleNet is assembled, both of the old networks will become RippleNet nodes.

There is a reason you don't run 2 train tracks next to each other... as you put it "network effects" will be #1

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