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RE: Ripple -the mass printed “banker coin” finishes with 36,000% return in 2017
Even if ripple goes to mars , I can never buy the coin I would simply be saying I now support the gorvement and the shity banks , it all about the revolution bro.
Totally agree my friend. We both agree Ripple is not what crypto’s are about for the unbanked people in this world and decades of banker rule over the populous. No ripple for me. Stellar on the hand does the same thing which banks can get free of charge, not centralized and was started by the guy who left Ripple and rewrote the code. I don’t see how Ripple even competes against Stellar with such a model. One is closed and invitation and fees...the other is the opposite. Either way, I just wanted to point out the FUD of the world calling Bitcoin a bubble when there are banker bubbles galore.
Ripple will not go to $100 that would give it a market valuation of over $3 trillion. And that's simply not in the cards. No, what's happening here is a pump and dump. The bankers are killing bitcoin with high fees (which will relegate it to reserve currency status) and are pumping their payment layer, Ripple, as the solution, while Lightning Network is rolled out on Bitcoin slowly, if at all.
Then after pumping Ripple to $10 to $20, they'll take down Ethereum with a badly-written ICO dAPP and the failure will be complete. Then I think they dump RIpple back to $2 or so and fleece all the crypto-noobs. Seriously, that's what it looks like to me at this point.
Our defenses against this are DEX's -- Bitshares, Komodo, WAVES. AriseBank's ICO looks interesting as well, supported by BitShares.
And that's where the investment money needs to flow. IBM is promoting Stellar Lumens and Hyperledger for the micro-payment world the banks could give two shits about, i.e. Africa and SE Asia, so that's an option as well.
Great insight and you have played out a compelling case. However, whenever I think there is “one way” that THIS is the way ...it doesn’t happen. There are many others that could step if Bitcoin were brought down. Would Litecoin take over? Is there still a compelling case for cryptos? I am sure there is espionage all over the spectrum at this point —- but why wait this long for BTC to attack? Government could have shut it down 2-3 years ago. Seems like trying to get the toothpaste back in the tube. But , I like the way you think...you have to realize what we are up against.
Eggsactly...