RIPPLE vs Bitcoin. What will banks do?

coinplus

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Quote from: TriggerHappyCoin on November 28, 2017, 02:46:31 AM

I was thinking, due to the exploding stock price of bitcoin, what will the banks do with there coin; ripple? In my perspective, they will do verything in there power to get a large piece of the pie. So they have two options:
- manipulate media and price of bitcoin
- drive the price of ripple to the moon.

If you want to make money on ripple, this is the moment.

What do you think?

I can really imagine what it is going to be like for ripple since it is the banker’s coin anyway and in the process of bankers really seeing how they can get their hands on this coin, it would really shoot the price pass the moon. That does not change the fact that it is still going to be a centralized coin, but anything for the profit at this moment. However, it is good not to expect so much from something that is controlled.

Quote from: vaso11 on December 01, 2017, 04:37:11 PM

there's even no doubt. Because ripple is the perfect currency for banks, but the bitcoin with its transactions that go for 2 days and commission fees are not suitable for banks

It may be a perfect currency for the banks but not because of the commission fees but because of the fact that it is centralized. I still believe this coin is hyped and overvalued, so I would not really want to bet my 50cents on it. There are so many other projects that would do that for me in the long run, so it just seems better to stay away from a coin that is going to be manipulated in the long run than try to gamble cause of the profit.

cryptopussies

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I am holding a lot of ripple becaues if the banks accepted this coin i will be a billionaire,investment $100,000 usd for my ripple my BTC will be my long retirement coin.

tosmartak

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Quote from: ufalo3 on December 06, 2017, 03:42:52 AM

Today (and I think we will see the same situation in the nearest 2 years) Ripple is acceptable by banks, but not Bitcoin. Ripple is centralized crypto and classic banks deal with it.
Here video about it:
https://www.youtube.com/watch?v=4rZGtP4PiW4

I guess we just have to wait and see how things go with Ripple then. One thing for me though, as long as I am not comfortable holding any coin, if it likes, it gets pumped to the moon, I really would not care. As long as Ripple remains centralized, that is one reason people should be scared holding this coin.

ufalo3

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Today (and I think we will see the same situation in the nearest 2 years) Ripple is acceptable by banks, but not Bitcoin. Ripple is centralized crypto and classic banks deal with it.
Here video about it:
https://www.youtube.com/watch?v=4rZGtP4PiW4

n691309

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Quote from: TriggerHappyCoin on November 28, 2017, 02:46:31 AM

I was thinking, due to the exploding stock price of bitcoin, what will the banks do with there coin; ripple? In my perspective, they will do verything in there power to get a large piece of the pie. So they have two options:
- manipulate media and price of bitcoin
- drive the price of ripple to the moon.

If you want to make money on ripple, this is the moment.

What do you think?

I think this information is not true. Ripple has always performed very well so she looks more like a car without gasoline "she never leaves the place". When it hits the target of at least 1-dollar people will be able to trust their project, which is surrounded by many suspicions.

But for now, if you are comparing it with BTC than it no compares to the bot as ripple is just on its developing stage and is nota much famous but bitcoin has already reached new heights that no other coin has done until now and also its value has reached too high than any other coin in the world this makes it totally of different class.

John Lemon

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I think Ripple is already overvalued. It has $10 billion marketcap but most coins are in small groups hands. They can manipulate the price for whatever side they want to. I wouldn't gamble with my money. Ripple has high risks.

vaso11

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there's even no doubt. Because ripple is the perfect currency for banks, but the bitcoin with its transactions that go for 2 days and commission fees are not suitable for banks

Crypt1x

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Ripple already agrees with many banks for money transfers. Bitcoin has no structure to negotiate with banks. Because Bitcoin is not any company or organization.

topesis

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We all know Banks always prefer what they can control and will likely jump on RIpple which won't be a surprise, but that will be a wrong choice because Bitcoin is just starting its journey to $100k and anyone then with 10BTC will be a millionaire in USD, I hope you know what that means

Sinistlercoin

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You need to understand that Ripple and XRP are two different things. Since many banks are already using the Ripple network, the assumption should be that if banks begin using a cryptocurrency, they will chose XRP over BTC. However, in general, banks have not yet adopted use of XRP (the Ripple cryptocurrency) for use on the Ripple network. Up to now, Ripple has not made using XRP a requisite.

My assumption is that the motivation for this question is to know if XRP would overtake BTC in value if the banks adopt it use. if there is enough interest and banks begin using XRP, the value should increase. However, there will be a max of 10 billion XRP, whereas there will only be 21 million BTC. Based on supply/demand, the value of XRP would likely increase at a slower rate than BTC. But, if the banks use it, it will be a better long-term hold than BTC.

Gaius Cryptus Tradius

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Do they actually keep the rate at a steady rate 0.2 euro/dollar. Or how does it work, is there a company behind it that they control the supply?

Holla123

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Quote from: sylance on November 28, 2017, 10:31:43 AM

Both Ripple and Bitcoin are considered crypto, but really they're in no way similar. Ripple may be used to transmit currency around the globe, but Bitcoin will (in my opinion) increasingly become a store of value and held for long term gains. So really, I see banks going in two directions: transmitting currencies and investing. Banks will use Ripple or some version of it while they purchase Bitcoin for long term gains. Remember banks use the money we store with them to invest... that's how they make profits. Once new blood comes into banks that aren't fearful of crypto you'll begin to see them holding crypto in their portfolios.

I second that. I would not bet too strongly on Ripple though as they have been well underperforming the crypto market even with their massive client portfolio.

Bytem3

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They will not sure Bitcoin. If not for anything else the transactions are too expensive and too time consuming. A lot of banks are already using Ripple to do transactions.

Faroxx

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I think the ripple is a centralized coin, unlike bitcoin. ripple ideally suitable for banks, unlike bitcoin.

sakokinak

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Banks have been already dealing with Ripple. This altcoin is a centralized cryptocurrency, and it will be always preferable to banks. They will better ignore Bitcoin as it is a decentralized currency.

bitorama

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Bankers will prefer ripple because ripple is a centralized system

webmone

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Ripple differs from other cryptocurrencies. It was created to work like an intermediary between banks and crypto world. This is not a decentralized currency. Banks will sure prefer working with Ripple as Bitcoin cannot be controlled.

bababayern

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The banks will go for Ripple of course and they'll make sure that the price doesn't become volatile. I would say its the perfect time to invest in ripple when its still cheap and given that it wont rise much and will mostly maintain a stable value.

Makkara

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Quote from: Cnut237 on November 28, 2017, 03:17:13 PM

Quote from: TriggerHappyCoin on November 28, 2017, 02:46:31 AM

I was thinking, due to the exploding stock price of bitcoin, what will the banks do with there coin; ripple? In my perspective, they will do verything in there power to get a large piece of the pie. So they have two options:
- manipulate media and price of bitcoin
- drive the price of ripple to the moon.

If you want to make money on ripple, this is the moment.

What do you think?

Banks will use Ripple, not Bitcoin. The only real question is will banks use XRP as well, or just the Ripple tech? Ripple have really been pushing XRP recently, a lot more than they used to. So yes, I think banks will likely use XRP.

Mu uestion is, if they are not using xrp wht they are going to use? Their coin which has no recognized value anywhere? At this point they dont need the whole ripple system aswell

Luke1706

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Check out why banks will take Ripple
https://coinpioneer.net/coin-guide/ripple-description

Topic: RIPPLE vs Bitcoin. What will banks do? (Read 1100 times)