| slapped | 04-06-2018 08:55 AM |
Re: Bitcoin @ 7k and dropping bad...
Here is the thing,,,Money, no matter what country or currency flows thru Banks whether you like it or not. It is the TOTAL amount of money that flows from banks into cryptocurrencies that give Bitcoin and the rest "Value". As cryptocurrency become more widely accepted and used in common transactions more money will flow from traditional banks into the cryptocurrency markets increasing their value, that's the traditional thinking.
The problem is that most cryptocurrencies have positioned themselves as "Alternative Money" and by doing so its clear that they wish to establish and appeal to people who want conduct anonymous transactions outside the established worldwide banking system, that very Banking system along with Governments will NEVER allow that to happen.
Don't forget that in order to fund ANY cryptocurrency the original money MUST come from some bank SOMEWHERE on the planet. Now consider that there are only 5 Banks Worldwide that transfer Money from country to country, how hard do you think that it would be to for them to control the money going into the cryptocurrency markets?
This is why I keep going back to Ripple. Ripple was created by the World Bank to begin with. It has positioned itself as a payments PROCESSOR NOT as an alternative currency it is already slated to be used by 3 of the 5 Money transfer banks to transfer funds worldwide beginning this year, they will most likely strike a deal with Goldman Sachs sometime this year, these are SIGNIFICANT developments. Ripples positions itself that its value comes from the fact that it can convert ANY currency to Ripple send it ANYWHERE on and OFF the planet and convert it back to any currency completely securely using blockchain technology in SECONDS nearly without cost. https://www.coindesk.com/ripple-clai...irms-xrp-2018/
I just want to point out that a LOT of people are going to lose a LOT of money if they refuse to arm themselves with all of the information out there. http://fortune.com/2018/02/13/ripple...-garlinghouse/
There is a legitimate reason why Ripple has seen its market share grow to being the 3rd largest cryptocurrency, be VERY careful with Bitcoin, It has some extremely powerful forces working against it. If Banks and Governments were HALF as supportive of Bitcoin as they are with Ripple, Bitcoin would be $50,000 or MORE per coin by now. https://www.coindesk.com/saudi-centr...payments-tech/
That last article is HUGE, Imagine trading oil in RIPPLE and NOT Dollars | 
