Stellar was a fork of Ripple back in 2014
"Developer" or "maker is of course a flexible term.
They are comparatively similar as compared to other coins, I would say.
Well... Ripple has co-ops with banks but none are really committed and some openly say it's temporary at best.
Obviously, banks are looking for a solution of their own, and the SWIFT consortium is already working on one.
You bet that these guys will make damn sure no outsiders get a foot inside their precious banking business. Ripple is such a hit not in spite of being sold as "banker's coin," which it isn't really, but BECAUSE of it.
Crypto chickens think that a banker's coin will be a more reliable investment - that's just the way human brains work... people like banks because they do their thinking for them.
Crypto chickens! You're so right! You should trademark that phrase, it categorizes what a full-fiat Rippler type of crypto investor is like compared to a typical anti-banking Satoshi disciple.
I think i'm looking at XRP like this: if a industry is going to adopt the use of coin (centralized or decentralized), that shows some sort support and inevitably gives value to the currency. Its a proof of concept. I support Ripple, not because I will use it, ever... but because Banks will. Which means it'll be around for a while. Up up up UP!
But that is not entirely the case. That is only what people are hoping for. Then again, Ripple and Stellar have practical value and application use cases, so even if banks keep their distance at this time, there is obvious demand coming up.
Stellar is being used as a means of exchange between Polynesian island states in the South Pacific right now, a succesful experiment under involvement of IBM - such people are less afraid of experimentation and integration than the likes of US and EU are.
And it works... of course, international banks will always bitch and moan before they make anything official.
I don't see Ripple and Stellar as competition for Bitcoin at all. Investing in them is proof of concept and shows that people believe in it - so will institutions. Institutions will just first instinctively try to find something they can control.
I only have a choice of about a dozen at my preferred exchange but the more I look at alts, the less distinct and more replaceable thy become in terms of investment. As the market is rather irrational, planning to hodle for months on a rational basis seems irrational, too, and day trading becomes the most viable option.
As everybody who can, will have their own coins (states, institutions) eventually, and as tech might get stolen or bought and end up in different products, it seems optimistic to assume that a product that's available today will last for years to come. In the months to come, I would watch ETH, Monero, Dash, NEO and Stellar, and sure, also IOTA, Cardano and Verge.
I may at times buy some BTS or STEEM once Haejin talks it up here, too ;)
I'm not really interested in the smaller cap ones because the pumps can be so surprising, that only irritates me. I even had a disillusioning EOS experience where I just couldn't take profits because I was unable to sell (for Bitcoin, there was a run on Bitcoin, while lots of other people also wanted to sell EOS, and the market for that was tiny). Such things should be taken into consideration.
In doubt, day-trade the big ones.
Totally possible, but how should anyone know ? Believing n waves is one thing - they usually come true if no shit happens, but you never know abut the time frame...
And seeing t that way, it's not so hard saying "it'll likely go up to $13 but there will be corrections along the way..."
Banks will have their own solution eventually, they don't like puny outsiders - and when that happens, Ripple may be grass - but I have no idea when that will happen. Therefore,
Lumens should be the more intelligent investment, as they may turn into the Western Union of the future.
$5 does't seem unlikely at all for both, more likely in March, remember we still have a majority of people flooding into the market this year.
Stellar was a fork of Ripple back in 2014
"Developer" or "maker is of course a flexible term.
They are comparatively similar as compared to other coins, I would say.
yeah just Stellar is MUCH better and lumens are used in network for every operation while xrp is not used by any client.
Well... Ripple has co-ops with banks but none are really committed and some openly say it's temporary at best.
Obviously, banks are looking for a solution of their own, and the SWIFT consortium is already working on one.
You bet that these guys will make damn sure no outsiders get a foot inside their precious banking business. Ripple is such a hit not in spite of being sold as "banker's coin," which it isn't really, but BECAUSE of it.
Crypto chickens think that a banker's coin will be a more reliable investment - that's just the way human brains work... people like banks because they do their thinking for them.
Crypto chickens! You're so right! You should trademark that phrase, it categorizes what a full-fiat Rippler type of crypto investor is like compared to a typical anti-banking Satoshi disciple.
I think i'm looking at XRP like this: if a industry is going to adopt the use of coin (centralized or decentralized), that shows some sort support and inevitably gives value to the currency. Its a proof of concept. I support Ripple, not because I will use it, ever... but because Banks will. Which means it'll be around for a while. Up up up UP!
But that is not entirely the case. That is only what people are hoping for. Then again, Ripple and Stellar have practical value and application use cases, so even if banks keep their distance at this time, there is obvious demand coming up.
Stellar is being used as a means of exchange between Polynesian island states in the South Pacific right now, a succesful experiment under involvement of IBM - such people are less afraid of experimentation and integration than the likes of US and EU are.
And it works... of course, international banks will always bitch and moan before they make anything official.
I don't see Ripple and Stellar as competition for Bitcoin at all. Investing in them is proof of concept and shows that people believe in it - so will institutions. Institutions will just first instinctively try to find something they can control.
well documented thoughts but I feel ripple is more in use for banks and less for day to day puclic ... s
Yes. Only so far it's not even in real use and it may never be.
Which altcoins do you also like? I prefer utility coins and was curious what your take is on a few other coins to review
I only have a choice of about a dozen at my preferred exchange but the more I look at alts, the less distinct and more replaceable thy become in terms of investment. As the market is rather irrational, planning to hodle for months on a rational basis seems irrational, too, and day trading becomes the most viable option.
As everybody who can, will have their own coins (states, institutions) eventually, and as tech might get stolen or bought and end up in different products, it seems optimistic to assume that a product that's available today will last for years to come. In the months to come, I would watch ETH, Monero, Dash, NEO and Stellar, and sure, also IOTA, Cardano and Verge.
I may at times buy some BTS or STEEM once Haejin talks it up here, too ;)
I'm not really interested in the smaller cap ones because the pumps can be so surprising, that only irritates me. I even had a disillusioning EOS experience where I just couldn't take profits because I was unable to sell (for Bitcoin, there was a run on Bitcoin, while lots of other people also wanted to sell EOS, and the market for that was tiny). Such things should be taken into consideration.
In doubt, day-trade the big ones.
Very well said, which is why (or so I think) so many people literally hate Ripple.
@jojof whats your 6 months speculation on XRP and XLM price reach? I think both could hit $5 by Q3
Totally possible, but how should anyone know ? Believing n waves is one thing - they usually come true if no shit happens, but you never know abut the time frame...
And seeing t that way, it's not so hard saying "it'll likely go up to $13 but there will be corrections along the way..."
Banks will have their own solution eventually, they don't like puny outsiders - and when that happens, Ripple may be grass - but I have no idea when that will happen. Therefore,
Lumens should be the more intelligent investment, as they may turn into the Western Union of the future.
$5 does't seem unlikely at all for both, more likely in March, remember we still have a majority of people flooding into the market this year.
Jed McCaleb literally founded Ripple and Stellar Lumens
I stand corrected...
Also of Mt. Gox though he suspiciously resigned months before the Mt Gox collapse
gotta love a guy named Jed lol