I agree with educating yourself if you're going to trade. I also believe bitcoin is soon to be replaced at number 1 by ripple. People are realizing that bitcoins utility is not for transactions at this scale. It will exist as a store of value. The time of 2nd and 3rd gen coins is here, in my opinion
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Ripple is 100% kyc, aml, and supported by the traditional banking industry that created the need for proven , auditable blockchains in the first place. Ripple is 100% centralized and not decentralized. Please do your research on why decentralized blockchains are important before it is too late.
If you chase ripple's inflated price as it will continue to go up. Eventually you might be holding something that you wish you didn't.
Again, my personal (experienced) opinion only. Ymmv = This is not investment advice.
I've done my research. Made a lot of money off bitcoin and believe it reaches new highs. I know the purpose of blockchain tech. I also will not decline making money from what is obvious. Ripple will take the top spot. If you believe banks are going anywhere within next couple years you are simply wrong. Doesn't mean I like banks, I won't ignore ripples obvious real world use.
Talk to you in 6 months for now. We may both see differently by then.
Edit: BTC at $13,763, XRP at $2.74
We see June 2018
Do you honestly not see the problem with $50 transactions. Yes please, hit me back in six months.
It is simply inferior to most new coins
Bitcoin isn't for purchasing coffee. It's not a micro-transactional currency anymore for "dust transactions" It's a store of wealth that props up the value of all cryptocoins including ripple.
Let's not make this comment thread a non-stop debate. I'll find you June 2018 on steemit and we can compare notes then.
The bitcoin community is putting a focus on securing the network.
As long as alternative currencies did not have gone mainstream, high transaction fees are not a serious problem, assuming this is a transient phenomenon. Maybe it even fosters demand by making it hard to get (and sell). Until the solutions are implemented we are all happy that we now additionally have Bitcoin Cash to use it for small and fast transactions.
True. Although has anyone taken inventory on functional Bitcoin ATMS in the public that accept BCH yet?