not a good analogy. tullips are still around. yes,
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Posted On: 08/01/2017 2:07:48 AM
not a good analogy. tullips are still around. yes, many lost money in tulip mania and also in the dot com bubble, but the junk ones went away. i was a headhunter in those days and saw the frenzy. the strong survived, and those dotcoms are still around with their billionaires and multi millionaires. the people that lost then and during the housing bubble just didnt do their dd. you cant say many people did not make fortunes in that bubble too. many made fortunes and movies were made about them.
There are ~900 Alt coins. many have less than zero use case and no chance for it to prosper. The ICOs IS A TRUE BUBBLE. the SEC is already tipping its hat towards a clamp down.
Even out of the top three BTC ETH and XRP. No one really knows what BTC is good for other than a store of value. But it has its diehard supporters who are like a cult. ETH is no different it shot up to 300 recently on PoC announcements and ICOs. Both are HIGHLY OVER VALUED.
XRP has organically gone up from ,006 to now .16. It is VERY different than the other 2. It was never made for individuals. it was created for institutional use. It was never made to be at .16 but in the beginning it was called a scam by bitcoinists because they EMBRACED banks and regulations- an anathema to Bitcoin purists. Because of the negative connotation of bitcoin many banks said no thanks to cryptocurrency. What they wanted was the blockchain. Ripple saw the flaws of the original blockchain and improved it calling it ILP.
banks love Ripple. they trust Ripple. Now, they are about to go live with XRP. Why now? all the rails (ILP) had to be in place. Why now? at .16 there is no way it can bridge anything but a sample. my belief, which is rooted in their postings and interviews is that they are very close to a live event where everything from an order coming in to the bank sourcing and sending is near. once that happens xrps price will go up massively add to this investor frenzy and another event, xrp never looks back.
i think you have bought into this fork too seriously. its going to happen again. btc is way to slow. the purists will again fight any regulation or change. this "decentralization" will severely hurt their cause.
XRP hasnt gone live yet. It may never or it could happen this quarter as Miguel Vias has hinted. CEO Garlinghouse says XRP adoption is growing. key Ripple executives have said more about XRP in the last 3 weeks than they have in the last two years.
Garlinghouse comes from AOL and Yahoo. He is going to fo big. XRP shares this space now because it has too. IT IS NOT THE SAME.
Of course, i could be wrong.
There are ~900 Alt coins. many have less than zero use case and no chance for it to prosper. The ICOs IS A TRUE BUBBLE. the SEC is already tipping its hat towards a clamp down.
Even out of the top three BTC ETH and XRP. No one really knows what BTC is good for other than a store of value. But it has its diehard supporters who are like a cult. ETH is no different it shot up to 300 recently on PoC announcements and ICOs. Both are HIGHLY OVER VALUED.
XRP has organically gone up from ,006 to now .16. It is VERY different than the other 2. It was never made for individuals. it was created for institutional use. It was never made to be at .16 but in the beginning it was called a scam by bitcoinists because they EMBRACED banks and regulations- an anathema to Bitcoin purists. Because of the negative connotation of bitcoin many banks said no thanks to cryptocurrency. What they wanted was the blockchain. Ripple saw the flaws of the original blockchain and improved it calling it ILP.
banks love Ripple. they trust Ripple. Now, they are about to go live with XRP. Why now? all the rails (ILP) had to be in place. Why now? at .16 there is no way it can bridge anything but a sample. my belief, which is rooted in their postings and interviews is that they are very close to a live event where everything from an order coming in to the bank sourcing and sending is near. once that happens xrps price will go up massively add to this investor frenzy and another event, xrp never looks back.
i think you have bought into this fork too seriously. its going to happen again. btc is way to slow. the purists will again fight any regulation or change. this "decentralization" will severely hurt their cause.
XRP hasnt gone live yet. It may never or it could happen this quarter as Miguel Vias has hinted. CEO Garlinghouse says XRP adoption is growing. key Ripple executives have said more about XRP in the last 3 weeks than they have in the last two years.
Garlinghouse comes from AOL and Yahoo. He is going to fo big. XRP shares this space now because it has too. IT IS NOT THE SAME.
Of course, i could be wrong.
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