RE: Stop Investing In Ripple! (XRP) Warning. DO NOT BUY. Here's Why:
I love your post, finally some common sense in this crazy market. I think with altcoins we entered the market like the .com bubble where everything that added .com to their name rocketed enormously.
Ripple is rocketing because it is a cryptocurrency, but it is missing all the interesting factors of a cryptocurrency like decentralization, permission less, ect.
I think everyone should buy some bitcoin and learn about the BITCOIN tech before going in any alt. Bitcoin is the real technology, many alts nowadays are so far from that that I think they shouldn't even be listed on the same platforms.
Since Ripple is not decentralized it is hackable and every penny the price goes up so does the size of the honeypot. I can't wait till it gets hacked or an exit scam and the world will see how important decentralization is!
This is a revolution because of the decentralization and not because it is digital money!
Very true. It's so dotcom and I'm afraid it will delay real blockchain usage. It's becoming linked to some universal gold digging mania. Such a shame...
Maybe the panic money will flow into BTC since I don't know how hard / easy it is to dump your Ripple directly for fiat. It might be good that the world can see how important decentralization is, that way we get rid of hundreds of shit coins.
In Kraken you can trade Ripple for fiat. But indeed also expect a BTC uplift soon. That or the mother of all corrections :)