Why I'm accumulating some Ripple(XRP) right now
So, I'll make this brief. Anyone who has read any news about bitcoin lately has noticed many big money banks/brokerages/credit card companies mentioning they are working on implementation of blockchain tech to their businesses. There is also futures trading on deck, countries considering a national digital currency. With that in mind, although the initial goal is to be in control of our own finances without the corrupt banks and gov't trying to hold everyone down; the biggest cryptocurrency that has been aimed at bank usage from the start was Ripple.
They are veterans to the space.
Sometimes we have to put our bias aside and see where we can still try to profit as the banks and gov't inevitably attempt to take over. With the passed few days being such a bull run, a correction is due within the next couple days. Alt coins take a hit when these BTC bull runs happen and when timed right, you can jump to them just before a BTC correction. I feel that time is very near.
A prime example for my claim is the news with Bank of America being approved for a patent to do a sort of centralized/monitored/invasive cryptocurrency exchange. Next will come new legislation saying that digital currencies are "legal" as long as they are bought and traded through a central bank such as B.O.A.
So we all know their plan..and clearly we are those who created/tested/vetted/hacked/forked/bountied crypto and brought it to where it is today. It's not perfect..not even close. They know that, as do we. We know more than them. We are the innovators, they are the tyrants. Below are their partners so far..
This is obviously just my gut feeling about the direction the big money might push and with the big dip in the price of XRP I think it might be a good idea to accumulate a little just in case. A crypto that is all about lobbying the banks sound like something that could appreciate in value quite rapidly if we're patient.
All images were simply taken off their homepage at ripple.com
I think this is a valid point in which you make here. We know a BTC correction is bound to happen here soon, especially with the recent surge is has been making past 13, 14, 15 and now through 16k... If the banks do adopt the blockchain technology, which seems to be in the works, then XRP could definitely erupt.... like we just saw very recently in Japan. Nice post, upvoted by me @duckbutter
I guess i timed this article pretty well haha didnt expect that much of a run up though
XRP to continue bullish trend towards the moon
haha, maybe.. i personally feel like it may consolidate back down to 50 cent range short term but who knows