Posted on 01/04/2018 8:38:25 AM PST by Enlightened1
Bitcoin was the star of the white-knuckle ride that cryptocurrencies offered in 2017 but lesser-known names, such as Ripple and Ethereum, are seen gaining prominence in 2018.
While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period.
That means $100 invested in Ripple in January 2017 would have grown to about $35,000 at the start of this year.
To be sure, bitcoin is still the biggest cryptocurrency by far - with market value exceeding $250 billion - and is expected to keep that mantle in the months to come.
Here is a list of the top 10 cryptocurrencies - including bitcoin - and how they performed in 2017:
Ripple (XRP):
(Excerpt) Read more at reuters.com ...
The entities pumping Ripple have unlimited funds.
They can print money at will.
They can push the XRP market cap to 100 trillion if they want.
This is what Bitcoin is up against.
And you can’t buy the damn thing ANYWHERE
I think this shows a pent-up demand for financial privacy.
For a minute there, I thought that this thread was bout fortified wine.
Perhaps this Bitcoin thing resulted from our successful efforts to disrupt the international hawala system.
It is the anti-crypto currency, the bank product.
When I don’t understand something, I am not going to invest in it.
Land, home, and property are simple. Gold is simple. Savings certificates are simple. Stock market and mutual funds, less so but still understandable. All are referred to in the common language of the dollar.
What the heck is bit coin? Where is the held value/equity in bit coin? I cant hold it, eat it, shoot it, or fill my cars gas tank with it. The whole thing could go away tomorrow and what assurance does any investor have that their investment is not subject to Ponzi scheme theft?
These are genuine questions, not criticisms, so feel free to answer. My gut tells me this is a scheme, like a small dot com going public and then going bust, and someone is making a fortune off it, just not the investor.
Tipple a Ripple...it’ll make ya a cripple...
I remember Ripple. It was tastier than Night Train.
It’s not crypto and it’s not currency.
Yep and can’t wait for the battle.
My son bought Ripple XRP a couple of weeks ago. He asked for a $1,000 loan from me to go with his stake. That investment is now worth over $4,000.
Have you heard? What’s the word? It’s Thunderbird!
And Boones Farm was just too weak. :)
I certainly have my doubts about the concept of crytocurrency but at this point I think it is wise to do a little hedging. I own a little and intend to increase my exposure to about 3-4% of my portfolio.
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