Ripple: Coin With Purpose
Ripple landed as 5th in Marketcap on coinmarketcap.com today after a stellar ride upwards from $0.24/25 cents up to near kissing the $0.49 mark at 2800 Satoshis. The 80% rise was quite the experience for me as XRP Ripple is at this time 99% of my crypto. Why nearly all of my Crypto?
Ripple XRP is a coin with purpose. It has a function and use beyond many of the other speculative tokens out there parading as units of account and settlement of transaction. Ripple is being gobbled up by banks around the globe, adopted by major players and movers int he finance world at an alarming rate and yet the critics can only come up with, "iTs dUh baNkeRs cOin!". Really? Thats it?
Look, don't be me. Don't be the guy that dies on some ideological battlefield, proclaiming opposition to something merely out of misunderstanding and an entrenchment in luddite mentality. (my 9 years fighting BTC)
Look at it like this; block chain is here to stay, banks are here to stay, if banks are using a particular unit of account that is represented in block chain it will likely remain strong over time and remain on the scene when other less supported tokens/coins vanish with the wind (and your money). Ripple XRP is like concrete. Right now it is wet and finding its form and shape in the world. As time wears on, it will grow harder and more tested, likely solidifying a solid place in the world of international finance and banking.
All of these alt-coins are a gamble, and if a coin is tied to large financial institutions that utilized it for low cost, high speed movements of money - the risk is then minimized.
Day traders, of course took profits today, and hopefully they fail to get in at the next pump and live to regret the day they sold Ripple XRP at 47/48 cents. Ripple touched upon the $0.50 oh so close today and when that is breached, next mark is the dollar. This is a unit that will see $1.00 much sooner than Bitcoin will see $80,000.00. You want 200%? 300%? 400%? Grab some Ripple and buckle up. 
CEO of SBI Holdings Group (Marketcap $500 Billion USD). Wow. This is his tweet TODAY:
How many Billions per day will they be buying?!
"Ripple XRP is a Death Star Alt-Coin and all the other coins are Alderan." -Junius Maltby December 2017
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BTC Wallets:
189oA75Fma4jNAkcDetQX6YQpsBDktH9Wm
18vMJCAibzgFzSDoupoWe6noY8bvmWU4CK
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i belive one day ripple coin will chellange BTC
Yes indeed.
I tried to pick up a few last night, was hoping to grab a little dip instead it started skyrocketing...already frustrated with all this...lol.
It settled down to $0.35 Looks like that will be the new support level. Don't get frustrated - just learn and move on with purpose. XRP will smash through $0.50 soon and hit $1.00 this year. This coin is going to dominate 2018 with vengeance and power. The critics of XRP will be like I was with BTC - just plain wrong.
Completely agree with your thoughts on the purpose. Imagine sending money from one country to another from your bank account A to the receiver's bank account B instantly with almost no fees. Ripple will revolutionise money transfers between banks across borders.
I've also listed the various reasons behind the bull run since yesterday here.
Yes, I have been holding XRP for over 6 months now. I don't like that "it's the bankers coin" as some may say. But you are absolutely correct, the bankers are here to stay. Might as well enjoy the ride!