I've been reading posts from today in which some people are advising others to sell Ripple as they think it's price has grown too big too soon. But my advice to them is that it'll be the biggest mistake of their lives. I'm providing the below reasons why I think Ripple will grow to be as big in value as Dash and Ethereum:
For a cryptocurrency to gain traction or to grow in value it needs to be adopted by users and businesses for real transactions. Ripple is signing up with lots of banks lately, which means it's being used for bank to bank transactions already and it's just the begining. Don't forget Ethereum and Dash were once just a few cents in value. Compare their prices now and you'll know what I mean.
Ripple has been designed to be a scarce asset with decreasing availability. So once the demand will increase there won't be enough supply leading to further price increases. Imagine once all the banks and other businesses start using Ripple, that's going to make Ripple very expensive.
Ripple has a specific function to act as a currency bridge which becomes significant when there's no direct exchange available between two currencies. And therefore Ripple can be traded freely against other currencies within the network's currency exchange. This system exposes more of it's network to liquidity and better Foreign exchange rates.
Ripple has an anti-spam feature built in.
Bloomberg described Ripple as a significant competitor to Bitcoin, because of its real time international money transfers.
So based on the above reasons I've no doubt Ripple's value is going to go as high as $100 USD in the next couple of years. So my advice is to hold on to your Ripple for the next few years. It may make you a millionaire.
Let me know your thoughts in the comments below.
Peace!
If I'm remembering correctly, isn't ripple the banksters crypto? The one they control? I agree, that there is money to be made with ripple now, but I would sell when I think it's at its high because when the banks crash it's going to crash. Plus, seems the banksters can control it just like they can control your money in your regular checking account, meaning they can steal it when TSHTF. Anyway, that's what I've deduced about ripple. Thank you.
Hi, 3/4th of the Ripple currency is held by Ripple Labs and not the actual banks. Plus they've also been donating Ripple to charities which is really unique about this crypto organisation. Moreover Ripple Labs have voluntarily come forward to allay fears of investors that they're not going to flood the market with more coins for the next 10 years or so. Therefore in the short run of 2-3 years the price of Ripple will keep growing.
Interesting. I will definitely keep my eye on it and continue to look into it. Thank you.
No worries @weq, just remember to invest only that money that you can afford to loose.
Exactly. If I don't have the cash on hand, I buy nothing. I leanrned the hard way. I love this saying, "I'd rather go to bed hungry than wake up in debt."
Very good article. Thanks for bringing this to our attention. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago An interesting website I found: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. See: https://www.coincheckup.com/coins/Ripple#analysis For a complete Ripple Indepth analysis.