this. I understand that majority of you don't even look at the XRP/BTC performance because XRP is climbing on BTC's back?
Good riddance with that. I would even spare a moment to see your faces seeing burst of BTC bubble and the real correction on the XRP value.
What kind of purpose does xrp have? Right, a tool for liquidity to different FIAT currencies for cross border payments. If btc pops because of bubble dont you think the only coin with a purpose for the FinancialWorld is going to dissappear?
Think again. Xrp will take the nr. 1 spot. Mark my words, i will tattoo it on YOUR forehead . If this happens i will find out who you are and we will make this tattoo with you!
PS, (stolen from xrpchat)
Firstly, I think we're in a mania phase. The rise we're seeing in Bitcoin IMO is unsustainable. I liken in to the .com bubble. Business insider released an article the other day which pointed out that although the overall "market cap" of the crypto world is much smaller than the tech bubble, the ROI's have been substantially higher. And for what? Bitcoin is slow, unscalable, has exorbitant fees and hardly any utility. It's too complicated for the average user/investor, yet it's price continues to soar. The only real use I've seen for Bitcoin is convincing the next guy that it's worth more than you paid for it.
On to XRP: There is an actual, explicit use case. It has a real, tangible business behind it with 200 employees. It has worked with the (monetary) system that we all participate in and understand. It has partnerships with some of the most recognizable names in the financial sector. This is just a few of the things XRP has going for it and without delving into others we can already point out that there is NO other crypto that can make these claims.
I know it can be disheartening to watch other cryptos "moon" while XRP appears stagnant and I'd be lying if I said I haven't felt some disappointment or even envy myself. But all I need to do is remind myself of the aforementioned facts. I think the crypto world as a whole is going to be in for a big shock in short order as this unprecedented growth does a complete reversal. But I also understand that ~60% of XRP is traded in fiat, which means XRP is less susceptible to BTC price movements and more likely to hold it's ground/recover from the impending crash.