Ripple just passed Ethereum as the second biggest coin on Coinmarketcap

in bitcoin •  7 years ago 

Ripple is up 20,000% in 2017. Compared to Bitcoin's 1,500%, Litecoin' s 5000% and ETH's 8000%, it's amazing gains can make you dizzy. In the beginning of 2017 it was at 0.01$ and today it has passed Ethereum as the number 2 coin on Coinmarketcap, and is trading at almost $2USD.

 
Ripple_company_logo_2015.png
 

What is Ripple

Ripple is a payment network for banks and institutions that allows them to send and receive currency and settle transactions faster and cheaply than the existing system banks are using.

Ripple is however not a digital currency, and Ripple has no mining. Ripple transactions are verified by multiple parties to achieve consensus.

And there will also be no new Ripple coins created. Ripple Labs owns 60 billion of the 100 billion XRP in existence (60%)

A bet on Ripple is a bet on the fall of crypto currencies?

Some argue that Ripple tries to kill crypto currencies, and that is a coin for the banks. It has nothing to do on Coinmarketcap.

Well, I'm not educated enough on Ripple to claim that, but Ripple seems to be going against the current. And it IS created for the purpose of banks using it. And they are indeed centralized.

I do not own ANY Ripple, and I will not be buying them because I think there's a good chance they are contributing to the government/banks battle to destroy Crypto currencies. As far as I'm concerned, if you buy Ripple, you buy into a company that is working to improve the banking system - a system that I thought we wanted gone from the surface of the Earth.

Your thoughts?

 
 

Odin approves of this message.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I'm buying and holding. I couldn't care less if it "kills crypto". If crypto can be killed that easily, then it deserves to die.

Darwin 101.

Hmm..im just going to join the nazis. If the jews dont make it..then..darwin101 i guess :)

If we want freedom from slavery we must take a stance. Its not going to happen magically. If everyone thinkd like you, then sure, cryptos wobt survive brcause people didnt have whst it took to deserve freedom.

I'm with you. I knew it would be a good buy some time ago, but for prinicpial reasons I refused to buy it.

True anarchist

hehe well like you say: "If you buy Ripple, you buy into a company that is working to improve the banking system - a system that I thought we wanted gone from the surface of the Earth."

We as consumers have a choice and we are ultimately the ones who control the market so we should
take a stance

Yes, Ripple seems to go against the whole ethos of decentralisation. But that's the issue, most people currently involved in crypto are here for the short term gains, not the long term vision of change.

I did not consider that about the Ripple, personally I will not buy anything from him. I am strongly against the State and its symbiotic association with the Bank. I want to earn money, but my principles are first.

I agree with you. Almost cryptocurrencies open to public (it means MINING) so then has a value of the property not depends on some people.

I expect her maximum hope reaches him in 2018 is $ 5 Marik in this bro

Massive gains to the early investors. 2017 really made alot of people millionaires. Hope 2018 will be better(even if it's just one more zero it adds.)

I don't hope that. I hope Ripple falls. Because betting on Ripple is a bet on the fall of cryptos.

It's a strong currency that has a very big future as it's the fastest currency in transitions I'm saying may mingle $ 1000 in the future

This post has received a 2.60 % upvote from @booster thanks to: @scandinavianlife.

Lets all Enjoy the Ride !!
Community earning and learning
Thank you

I just bought some because I'm all talk and no action.

I seriously think that the Crypto Boom showed a lot of problems with P2P currencies and the only thing we might get after all might be a B2B Crypto.

Cryptos = freedom. A bet on cripple means youve abandonded the fredomship. If we want banks and oppressive govrrnments to stop , we need decentralized currenvæcies. This is our onoy chance. A bet on cripple is joining the dark side. Joining the nazis ☝️

I am just betting the dark side will win because the light (or should i say lite) side is too weak and doomed to fail. I supported Coins promising fairy tails long enough (and I still do), but it is time to join the dark side where the realism is at home.

With realism you mean violence? You think freedom from theft and violence is a fairytale? Youre so beaten down you dont even consider freedom a possibility. Thats sad ☝️

With realism you mean violence

In part yes. Violence is part of humanity and you can not talk that away.

You think freedom from theft and violence is a fairytale?

yes

Youre so beaten down you dont even consider freedom a possibility.

Looking at all the misinformation and empty words flying around in the cryptosphere, I don't see how a few greedy programmers and investors are a solid alternative to a few greedy bankers, they seem to play the game the same way after all.

Bagus sangat

I agree, I hold ripple but feel a little guilty, I hope to use the profits to put back into the decentralized cryptos !

This post has received gratitude of 4.12 % from @appreciator thanks to: @scandinavianlife.

I wish I owned more Ripple. I need for the rest of the coins to start doing that dance they did from mid-November to mid-December. ;)

Ripple is a payment network for banks and institutions that allows them to send and receive currency and settle transactions faster and cheaply than the existing system banks are using.

Or...Ripple is aiming to kill the banks and institutions that currently control the money supply by making a banking alternative a reality.

Noo..ripple is not a crypto but a fascilitator for banks.

So, you are saying Ripple is a #conspiracy by the banking cartel to end cryptocurrency?

The 24h volume traded in Ripple is higher than Bitcoin Cash and Litecoin. It even passed Ethereum's trading volume! https://coinmarketcap.com/all/views/all/
All eyes are on XRP at the moment and i guess we will talk about this coin for a long time...

and I thought ethereum was the more likely to take the first place.

But this surely is something temporarily right? I remember reading some time ago that ripple’s token was pretty much useless

Dunno. Ripple can be big regardless how cryptos are doing. But cripple is a centralized bank coin. Anyone betting on ripplr is betting on the banksm they are the defeationists who say; but we need some regulations. Banks arent bad. Cryptos must collaborate with the bankd" yeah..you go ahead and collaborate with nazis. The rest of us will stand by our values.

I bought Ripple on day one of my crypto trading life. Once I understood what is it, I'm not supporting it going forward. I will however wait until $2 is sell.

Did you sell ripple or your soul?

My Ripple. Other than the 20 I can't move from the wallet.

I thought it would go up and it will probably keep going. there's a chance amazon might use them

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment