Morning Steemian's
So today i want to talk about the next big thing, With litecoin hitting its all time high this week it seems only a matter time before it hits $100.
With this in mind i want to find the next micro coin that will "hit the moon" after doing some research and reading blogs on @steemit the coin that is catching my eye is Ripple the reason for this currently Ripple has a very low buy point of $.25 and has been fairly stable around the .24/.25 over the last week. From what i have read about the coin it is an international exchange currency which is being used by more and more banks to transfer funds globally at a much cheaper rate as more and more bank start using surely the price can only go up?
Is ripple the next litecoin?
So now seems the time to buy and hold it as ripple looks like it could be a slow burner and defiantly one for the long term investor, I am thinking of investing waiting until the start of 2018 to see how things look.
I would be grateful for some comments from the community to make sure i am not barking up the wrong tree and also to give your thoughts on my post.
I hope you are enjoying my blogs
Thanks in advance
Yes, Ripple could be the next big thing. I hold quite a lot of Ripple since it was 6 cents. In my view we will have to wait a little longer for Ripple to cross a dollar or more. The faster the adoption by banks the sooner it gets there but due to the conflicts and split between founders in Ripple the community has stepped back. Jed one of the founders as per agreements is dumping huge sell orders weekly and has still control over more than 4 Billion XRP coins. Thats alarming, he has all the control even if tied by legal bonds, you never know. Ripple will grow but it long when we will be able to witness that.
Read the founder dispute story here:
http://www.coindesk.com/ripple-jed-mccaleb-settle-suit-over-1-million-in-disputed-funds/
How did you buy ripple? Please tell me about it.
I buy it from exchanges like Poloniex. Create an account at Poloniex, dont forget to activate 2FA and deposit some BTC and exchange it for Ripple (XRP).
I like Ripple, I own a little, I think it's a good hold and wait coin. But, I dont like how you can't mine it. You can mine LiteCoins or can at least try. But I get your point.
You can mine Steem Power and I think the platform has huge long term potential if you keep reinvesting. I also like Monero and AEONS long term, you can mine those too and the tech in unique. Ill be mining all 3 soon, Im going to make a 3 node cluster with 18 core Parallelal RISC CPU each. Parallel cluster computing is the future of mining .
BS. Ripple is banksters tool... Almost centralised ( do you own research) .
I would not touch it even with the 20 ft pole.
hey @onealfa thanks for the advice, i am fairly new to crypto so will be taking all comments on-board
I agree with onealfa , this is a coin designed by banksters. Its too hard to understand how it has value when even if a bank uses the system it does not nessisarly use ripple.
Any system designed by wallstreet is a mechanism designed to line their pockets with your money.
That being siad I do think they are not done pumping this ripple crap yet and it may still have room to rise.
I made the mistake of buying before researching and do hold some, waiting for their next pump so I can dump.
@onealfa could not have a stronger point
I like Potcoin, Litecoin, Pivx, RDD
Hi @willybobob i don't know a thing about potcoin or RDD so i will look them up, thank you for the suggestions
I am not a fan of the ripple bud, ltc longterm and clam, btc for me.
Thanks dude, its the price that is attractive with it being so low if there is a boom then it could be a very good investment
meh it's the bankers tool, It has good backing so it might take off soon. Still I won't be buying much if any myself.
Thanks for your advice.