There is so much talk about ripple taking over bitcoin and being 10$ what are your thoughts on this?
There are lots of good altcoins present in the market (e.g. ethereum, litecoin, etc.) but I do not see them beating the reigning cryptocurrency in the market anytime soon. The price of bitcoin is so substantially high that it may seem impossible for these altcoins to reach the price. Although newer and newer coins have been generating throughout the year with recent technological advancements and innovation, one of the most effective ways in order to beat bitcoin is if there are any external factors that may let bitcoin fall.
For example, government regulations prohibiting the utilization of bitcoin would force the people to probably switch to another altcoin. Maybe Ethereum is the next bitcoin but I do not see the latter going down anytime soon.