Ripple (XRP) the next one?

I remember when bitcoin was $4. I studied about it and I did think it was a good idea but back then it seemed more of a dream. Today, I have the right reason to beat myself with sticks. Why did I not buy it?! For those who bought and kept until today. I honor your integrity and diligence of your belief. You are worthy to be a millionaire if not a billionaire.

I remember when ripple was not even 1 cent. Even on the March of 2017, the ripple was merely 1/2 cent. I knew about ripple back in 4 years ago when it first came out to exchange. I avoided it since it wasn’t part of mining coin and it didn’t seem “legit”. However, if I purchased it back in the day only with $100 invested, I would have become a millionaire by now. But I didn’t even bother to know what ripple is. My second right reason to beat myself with sticks.

However, earlier last December, something triggered and jumped on ripple. I didn’t feel that I was going to gain something out of it anytime soon. I just felt that bitcoin was too expensive to buy and I didn’t feel like losing more opportunity in the industry of cryptocurrency. Since then, I began to see the potential of ripple. Ripple does defy the existence of cryptocurrency: decentralization. However, I foresee an agenda by the bankers where ripple will overvalue the bitcoin. Many will disagree. To a certain degree, I wish I am wrong, yet, I feel that if I am betting on bitcoin, I feel like I am going against bankers. I have some experience of betting against bankers and I learned that I can’t win. First, I did gain and I gained quite good for some time. Not only the gain gave the satisfaction but winning over bankers’ bet was something else. Well, after some time, loss took only a few days until all crashed and burned ended up losing more than I gained. It was too short to act and I had to take the loss.

I personally think that bankers will win again. I don’t think the value of bitcoin will crash anytime soon. Some believe that it would worth over $100,000/BTC. I see why not and it is very possible. Yet, bankers will not just sit there and let the freedom to exist everywhere. There will be a time when all currency will be digital and we already are partially in it. But when that happens, The central bank will still exist and they are the one who will issue digital currency. I don’t think it’s going to be the ripple but I think that the base technology and the ideology would be from the ripple.

So, I am betting against bitcoin. >=]

XRP hitting 101% in Korea exchange in a day!

It only has been 12 hours since I wrote the last post regarding XRP. It was sitting around 30% return and I was amazed. I mean, who wouldn’t be? 30% return in a day is just amazing. I was having dinner with my dear ex-student and we were talking about how XRP can skyrocket. Before we departed, we saw 70% increase and we thought our eyes were going to pop out! I just came home and looked at XRP… it was 99% up. By the time, I captured the image and tried to upload, return increased over 100% and I had to capture again. As I am typing, another 4% increased and it at 107% and still increasing. I don’t get it but I love it. lol

Banks playing games? or is it just a pure Korean rush?

I don’t know. I think I am going to park it. Long last XRP and let me retire. >=]

Ripple (XRP) the rising sun?! 37% gain overnight!

Ripple (XRP) is something that I never thought of investing until recently. After doing some BTC flipping, XRP came to my attention about 2 weeks ago. It was around $0.75/XRP. Cheap. What the hell, throw some money in and let it sit there. Who knows what would happen. That was my attitude until last week. Today as of now, it’s sitting at $2.00!!! That’s 3x of return in 2 weeks!!! What?!

Throughout overnight, I found out that South Korea started to impose new law regarding cryptocurrencies and people started to dump some. Starting from 2018, all new account will be “trackable” accounts. No longer anonymous. Banks in Korea are starting to regulate the flow of money in and out of cryptocurrency exchanges. Not too much of drop but 1~3% range of negative side shows on BTC.

Now, this is where XRP is interesting. Among all the cryptocurrencies sliding down the hill, XRP shot up 36% at the moment. Hum. I am not complaining but I am curious why XRP isn’t following other cryptocurrencies’ trend?

I initially thought XRP is nothing different from the other cryptos but it’s actually quite different. XRP is not mined. It has the finite number of coins already exist out in market and banks in the world are involved in it. Recently, Japan started a test on XRP to send money.

Hum… why do I smell manipulation…

XRP just pass by ETH in market cap. That’s quite significant. Considering that XRP wasn’t even $0.01 back in March of this year. Wait… damn… that’s 20,000% increase!

If banks are trying to win over BTC market, my money will be on XRP. I do not support the idea of not being anonymous but I will worry about being “tracked” after I earn. All I gotta do is pay tax. I can do that. >=]