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RE: Bitcoin Blood in the Streets | Be GREEDY!
Any idea as to why Ripple is flourishing in this market? I assume people are using it as a hedge from the uncertainty that is BTC/ETH/LTC/BCH.
Any idea as to why Ripple is flourishing in this market? I assume people are using it as a hedge from the uncertainty that is BTC/ETH/LTC/BCH.
Ripple is different from other cryptos in many ways. It is got good very good chances to be the fuel of interbank wire transfers to replace 40-years old SWIFT system which is a) slow; b) expensive c) obsolete. If that happens, imagine what value will ripple have.
Right after BCC went up on Coinbase I saw some top comments speculating on r/cryptocurrency that Ripple would go up on Coinbase next. I don't know how widespread that meme was.
Personally (total noob here) I bought Ripple a few days ago because I heard it was a centralized currency "made by the banks". While that sounds awful to me, I also thought betting on the banks in this nascent market while Ripple seemed cheap would be a decent move.