Once again, the cryptocurrency markets have surged to a new all-time high above $800 billion US, gaining over $200 billion in just four days time!
Bitcoin is again trading above $17,300 despite being the slow, congested, dysfunctional slow lane of cryptocurrencies on the digital highway as portrayed very well and in real time at txhighway.com
Bitcoin Cash, with its wide open spaces and uncongested lanes, also rose nearly 10% in the last 24 hours to $2,750.
However, even with the crypto market capitalization higher than ever, bitcoin is no longer nearly as dominant as it once was. Its dominance has fallen to 36% of the entire market.
This is one of the many consequences bitcoin has suffered as a result of its slow transaction times and high network fee.
But, the biggest contributor to the quickly rising cryptocurrency space has been Ripple which has soared from $0.22 a month ago to over $3 today.
But, is Ripple even a cryptocurrency? Should it even be included as part of the cryptocurrency market cap?
Central bankers and mainstream media cronies have been quick to promote Ripple as the cryptocurrency which is going to eventually “supplant” bitcoin.
For instance, there was recently an article published on MarketWatch that stated, “Ripple is considered the outfit with the most legitimate business model from a Wall Street perspective.”
And of course in their eyes it is. It’s the least decentralized major cryptocurrency out there right now.
The coin was massively premined… a no-no in cryptocurrency world. And still to this day, the majority of Ripple is still held by the company that created Ripple. And, with the price skyrocketing, Ripple founder Chris Larsen just surpassed Mark Zuckerberg to become the fifth wealthiest person in the world!
And all this for a coin that isn’t really decentralized, doesn’t really have a blockchain and that banks may intend to use for something as mundane as international transactions.
In other words, its the opposite of nearly everything we value in cryptocurrencies… and its why we have stayed away from it and continue to do so despite the massive gains.
And besides, in the end, the entire central banking and financial system will disappear entirely as cryptocurrencies make them obsolete. So, actually owning Ripple long term is incredibly risky as it depends on the banking system continuing to exist in the future… something that is highly unlikely.
We’ll happily stick to the cryptos that will take down the banks and governments. Even if it means slightly smaller gains for the time being. We’ve made fortunes on real cryptocurrencies in the last few years and expect to continue to do so.
Because of this, I should warn, that a number of fake “Jeff Berwick” and “TDV” Instagram, Facebook and Telegram accounts have been launched to take advantage of our notoriety.
Please stick to our official Facebook, Instagram and Twitter accounts and my personal Facebook account. And, we don’t have a Telegram account, so if you see TDV or “Jeff Berwick” there, it is fake.
You can get all our real recommendations, trades and analysis HERE.
Cryptos are absolutely the future of money, finance and banking. But, stay away from the phony bankster copycoins like Ripple and stick to the best decentralized blockchains that will engender a revolution in individual freedom & financial sovereignty leading to a restructuring of global economics and power, and a shift in favor of the people, rights, peace and liberty the likes of which the world has never imagined.
This is why we are in crypto!
Trying to learn about crypto currency
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Just use it is the best advice one you see how easy and fast it is you will be amazed!
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Most importantly, do your own homework and don't rely on any one source. Also, only invest an amount you are comfortable losing or having tied up for some time.
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Likewise bro :)
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The appeal of cryptos is blockchain technology and absence of government control. Bitcoin lost it when it started trading on regulated futures exchanges. It can now be gamed to oblivion. Altcoins hold a better promise.
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I think a futures market will help reduce volatility, the real problem is high fees and slow conformation times which has made it useless as money. I agree that Altcoins hold a better promise but I wouldn't write bitcoin off as it needs to be high in price for the fees to be high.
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You have to look at how gold and silver are being gamed in the futures market to appreciate how the futures market will impact bitcoin.
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I'm aware of this 99% of Silver being traded is paper but I think being able to short is needed as it allows miners to hedge risk, also bitcoin is more dispersed, smaller and it's easier to take delivery but yes it is manipulated as it's a competing currency.
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There is no virtue in shorting. Wall Street just had to find a way to satisfy their greed.
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Miners have to pay electricity bills being able to take a guaranteed price in 2 weeks time is needed to hedge risk as this is highly volatile it's the same for wheat farmers etc. Futures markets aren't inherently evil. It's not the use it's the abuse by wall street! Before futures it was pump and dump so their will always be a way!
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As someone who is completely new in the world of Cryptocurrencies, i get a lot of help and information from posts like these! Thank you for sharing your knowledge! upvoted and resteemed!
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$200 billion in just four days time, that is insane!
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It's because the banks push it up.
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Just reading your comment makes me
Insane too :o amazing!
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This is just the begging this market will be much bigger soon
$$$$$$
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cant wait till my millions start racking in ..........
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looks like the market will hit $1 trillion before the end of the month
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Most people who are new to crypto is more eager to know when to BUY/SELL rather than to know how it actually works.
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1 Trilly Here We Come!!
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Great tips, everything about Ripple is fishy. Resteeming and upvoting
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There are a lot of opportunities to earn money and answer the exploitation through the Internet😎😎
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thinking the same with me sir, Cryptos really the future of us all.
@dollarvigilante
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good work jeff keep up with great news and quality information i love your work and true free lifestyle !!! :)
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great work,thanks for informacion!
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As someone who is completely new in the world of Cryptocurrencies, i get a lot of help and information from posts like these! Thank you for sharing your knowledge! upvoted and resteemed!
@dollarvigilante
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Yes Jeff is my guru. Learning so much from him the whole of 2017 than my entire student life combined.
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I do not see any future in the ripple. there is a lot of speculation and outside propaganda that eventually broke out in the middle of the debate. I do not think it's time to rely on the government and the bank.
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I totally agree, stick to Bitcoin Cash and the like.
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Good
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wow!!!
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Ripple certainly is not cryptocurrency. Look at their logo. It's a fidget spinner!! Big neon warning sign!!! Jed is quite the top developer with real life experience. He even made eDonkey. Another great is Dan Larimer with three cryptocurrency under his belt. Anyway if you like Jed s work, then buy Stellar instead.
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It'll hit a trillion before ya know it UNLESS we have another Christmas Crash!
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True, Ripple has no cap and units and that makes it inflationary, not a good long term investment. Ripple is a “for profit” enterprise, the bank’s profit, not yours.
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Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH
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beautiful
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i love your post @bijoy123
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Ripple is best coin after BTC
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Holding 1009 xrp .. I will sell them in 2020 when xrp can iZly hit 10usd
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10usd XRP by the end of 2018 is well within the realm of possibility now. Might not have to wait those extra two years...
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I hope so
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So much FUD being run out there about Ripple. Considering that XRP is not mined, seeing the phrase "pre-mine" in an attack on XRP is usually a good sign that what is to follow is, at best, inaccurate and, at worst, regurgitated bullshit.
Buy or don't buy but if you're going to shit on a coin, at least come up with some new material.
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Indeed not mined and never have been.
It’s currently a useless coin and having it backed by few players of the banking system just give a hint on how much value it aims to bring to the public.
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Wanna try cloud mining? No noisy and slow computers at home. Everything automated , you choose hashrate, crypto to mine, pay and just sit back and let everyone else do the work while you are making money.
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With the surge in XRP, one thing I've noticed is a corresponding surge in fanboys attacking people pointing out these same facts on the 2 popular social media sites.
I have no doubt Ripple has employed a PR company who has been paying trolls. I have no proof other than how their modus operandi seem to follow the same playbook we've seen play out with other major "image management" campaigns.
(For example, last year's "correct the record" people online)
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nice post.make a post about mining also please.I am following you
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There is an analyst report from RBC (Mitch Steves) that makes a case for a $10 trillion market down the road. However, it does include the mining equipment and companies in the calculation. Still leaves space for the actual assets to grow though.
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Thanks for @dollarvigilante
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Fuck cRipple.
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Round 2...ding! ding! ding!
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If you are interested, I invite you to the summary of 2017:
https://steemit.com/cryptocurrency/@cryptorep/which-cryptocurrency-has-the-largest-increase-in-value-in-2017
and
https://steemit.com/cryptocurrency/@cryptorep/the-best-crypto-debutants-in-2017
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As we all know , BlockChain is v good and robust and secure technology, the main Idea behind is not Only Money, its the way our internet & all services (Applications) will run over it, The Idea of blockchain is clear enough, makes sense, but every 3rd person in the world who knows how to turn on PC is now collecting money from ICOs. Coin markets are sky rocketing, No one knows where it will end, no controlling authority.
It is to get rid of all Central Authority who are controlling world money, but at the End we all are buying this crypto and selling them with help of Current $s.
Its a bubble for Altcoins but not as a technology which is superb.
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Hooo i just read your blog sir. And for a newbie like me, there are a lot of things about crypto that i need to learn. Informative blog tho thank you sir 👍
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Is obvious the elites are panicking right now....
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Don't be fooled by Ripple
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@dollarvigilante it seem crypto is the new deal...
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IOTA. That is all. Over ;)
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Excellent update post,very nice thanks for sharing.
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omg, amazing in a 4 day period can earn $ 200 Billion.
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Does anyone else hear Jeff Berwick’s voice while reading this, or is it just me.
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