Which One Is A Better Investment, Bitcoin, Ethereum, Litecoin, Or Ripple?
David Friedman , former Banking at Citigroup Copyright 2017 (for the LinkedIn growth hackers who accidentally forget to credit original authors). Bitcoin, Ethereum, Litecoin and Ripple all seem overvalued right now. But if I had to pick one of the four, I would pick: However, banks may just copy Ripple and take it private, hiring the best Ripple developers as consultants, etc. Ripple is also the most centralized, arguably losing some of the benefits of trustlessness that blockchain technology provides. So I'm not sure Ripple's a great bet long-term. But Bitcoin may be a great bet long-term if Bitcoin replaces gold. Gold has a market cap of roughly $7.7 trillion. As the saying goes, be fearful when others are greedy. The total market cap of all cryptocurrencies was $7.13 billion on January 1, 2016. To be clear, Mark Cuban replied to Jared Schaffer, not me. I just happened to see his and Jareds quote and thought it was relevant. Now is a horrible time to buy Bitcoin, Ethereum, Ripple and Litecoin (collectively, BERL). There is no way BERL is worth anywhere near the current ~$215 billion collective market cap. BERL has been massively overvalued for a while now. Avoid cryptocurrencies generally unless you can get in on the presale. Even then, it is a gamble and the terms matter. We're in a cryptocurrency bubble. Bubbles tend to go on much longer than people think they will. Smart Wall Street friends were predicting the mortgage bubble would crash back in 2003. They were 5 years early. Bubbles always pop. No one knows when. The reason BERL is overvalued is because no one outside the niche space of cryptocurrencies will miss them if they disappear tomorrow. Theres no clear path to a killer app that can go mainstream. What big, legal unmet need are any of them filling? Potent Continue reading >>
Ripple Vs. Bitcoin: 5 Biggest Differences Between The Cryptocurrencies
Ripple vs. Bitcoin: 5 Biggest Differences Between the Cryptocurrencies Ripple is making waves. The cryptocurrency has burst onto the scene at the start of this year, with a surging value thats pushed Ethereum aside to grab the title of second-largest token. Theres a number of key differences between Bitcoin and Ripple. The former was first outlined back in 2008, and following a big run at the end of last year now holds value of $16,426 per token. Ripple, founded in 2012, has seen big interest from businesses including three Japanese credit card companies. It currently holds a deceptively low value of $3.12 per token. Here are some of the key differences between the two cryptocurrencies, and what you need to know most: Bitcoin and Ripple have very different governance and ownership structures. Bitcoin is highly decentralized and open source, owned by a community that agrees on changes. This can make upgrades tough. Developers can use soft forks to avoid irreversible splits, which are backwards-compatible changes to the systems use that allows nodes to opt in and out of the changes, avoiding breaks in the network. However, at least 51 percent of bitcoin mining power needs to support the change to avoid an irreversible hard fork . Ripple is owned by a private company, and its internal ledger is a more closed affair. The companys consensus-seeking approach can allow for faster upgrades. With the amendment system , developers seek consensus before making changes to the network. In most cases, if an amendment receives 80 percent support for two weeks, it will come into effect and all future ledgers must support it. This enables a democratized approach to development that allows for changes while avoiding irreversible splits. Bitcoin and Ripple have conflicting approaches to Continue reading >>
Bitcoin Vs Ethereum Vs Ripple: Comparing The Cryptos
Bitcoin vs Ethereum vs Ripple: Comparing The Cryptos The cryptocurrency niche is becoming somewhat crowded, and increasingly defined by a Bitcoin vs Ethereum vs Ripple war! These three cryptos can be considered the market leaders, with Bitcoin the most established, Ethereum the major challenge to its supremacy, and Ripple having made a big splash in a short period of time. Although each of these products has generated a significant amount of noise in their short lifespans, many people still only have a sketchy understanding of the differences between the major crypto players. So here ValueWalk gives a rundown on the differences between the three, and assesses how the Bitcoin vs Ethereum vs Ripple battle is shaping up . When making the Bitcoin vs Ethereum vs Ripple comparison, there are four key areas to look at. The first of these is scalability; namely, how many transactions can be conducted by the cryptocurrencies every second. It is in this area that we can instantly see a massive difference between the three, and begin to understand how Ripple has indeed made such a Ripple! While both Ethereum and Bitcoin are scalable, the latter achieves a maximum number of transactions of 7 per second, while Ethereum can deliver nearly double this with around 15 per second. These figures may sound as if they hand Ethereum a major advantage, but Ripple absolutely blows both of the major players out of the water in this department. Ripple is capable of delivering a staggering 1,500 transactions every second, providing it with a huge advantage over Bitcoin and Ethereum. It is this above all else which has led to the early prominence of Ripple, and which could play a major part in the development of the cryptocurrency sector. Another major front in the Bitcoin vs Ethereum vs Ripple b Continue reading >>
How Is Ripple Different From Bitcoin?
The key difference is their initial purpose. Bitcoin was intended to serve as the very first peer-to-peer cryptocurrency protocol and now it is evolving more to be a store of value. On the other hand, Ripple is a payment system, remittance network, and currency exchange. BTC is created by miners. XRP is all premined. BTC has a total supply of 21 mln coins. Ripple has 100 bln premined coins. BTC takes much longer to complete a transaction. Ripple does it much much faster. BTC is completely decentralized. Ripple is part of a traditional company and is considered to be a fake cryptocurrency because of its lack of decentralization. BTC transaction fees are paid to miners. Ripple transaction fees are burnt and are paid to noone. BTC transactions are stored on blockchain and can be tracked. Ripple tracks not only transactions but also any other type of data related to the user (similar to a conventional bank). Ripple is a point of controversy in crypto community but nevertheless belong to top altcoins in many peoples books - mine as well . (Disclaimer: I own Bitcoin. I have worked for Ripple. Once Ripple gets going, I'm sure unbiased users/experts will want to jump in and answer this question.) This is not a full answer, as there are many differences and similarities between Bitcoin and Ripple, but hopefully this is useful: Both Bitcoin and Ripple are decentralized. Both are open-source protocols and not owned by anyone. (NOTE: The Ripple code has not been released yet.) Both use algorithms to ensure that their networks come to the same conclusions--so if one person authorizes Transaction A, the entire network comes to agreement that Transaction A happened. Both eliminate many monetary trust-requirements: trust in central banks, in financial services companies, in legal syst Continue reading >>
Bitcoin Vs. Litecoin, Ethereum, Ripple, And Dash
Bitcoin vs. Litecoin, Ethereum, Ripple, and Dash Bitcoin is the oldest and most popular digital currency in the market. However, there are over 800 other digital currencies (known as altcoins) that can be also purchased and held as an investment. In this guide, well compare four of the most popular altcoins with bitcoin, so you can become familiar with other potential digital currency investment opportunities. When litecoin first launched in 2011, it was said that if bitcoin is digital gold, then litecoin is digital silver. For a long time, that was the case. Litecoin quickly emerged as the second largest digital currency after bitcoin, as measured by market capitalization. The altcoin even experienced a degree of merchant adoption in its early years. Its popularity faded somewhat as the Ethereum project and its native digital currency, ether, became the second largest digital currency in 2016. However, when it was announced in early 2017 that Litecoin would adopt the so-called SegWit upgrade for its blockchain, which addresses blockchain scaling issues, the price of litecoin shot up from its 2-year trading range of $3 to $5 to reach a new all-time high of over $50 on July 1, 2017. Litecoin has become a very popular digital currency because it has all the benefits of bitcoin but has faster transaction times and lower transaction fees. This is why many digital currency experts believe it has the potential to challenge bitcoin as the go-to digital currency of the future. This belief is shared by many digital currency investors, which may explain why the price of litecoin has rallied by over 1000 percent from March to July 2017. If you believe that global adoption of litecoin (LTC) will surge since its transactions are faster and cheaper than bitcoin, then adding litecoin Continue reading >>
Ripple Price 2018: What Is Ripple? Is It Better To Invest In Xrp Than Bitcoin?
Ripple is both a transaction network and crypto token, XRP, that was launched in 2012. But ripples foundations are actually older than bitcoin itself and can be traced back to 2004 when it was conceived by creator by Ryan Fugger. The ripple token was created as the go-to cryptocurrency for banks and global money transfers ripples creators tout it as the fastest and most scalable digital asset for real-time payments anywhere in the world. Ripples leaders believe that the tokens main selling point is its liquidity, speed and low transaction fees. Brad Garlinghouse, CEO of Ripple, said: The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts. Ripple's managment promises faster transaction speeds and lower fees than bitcoin We believe very strong this is an inefficient model. You can use digital assets to fund liquidity, and Ripple is uniquely positioned to capitalise on that. Bitcoin takes four hours to settle a transaction. XRP takes 3.6 seconds. This boost in XRPs price could be attributed to XRP becoming available on more exchanges However unlike bitcoin, ripple was never conceived to become a method of payment for online purchases. It was instead meant to compete with transaction systems such as SWIFT. Is it better to invest in ripple or bitcoin? Ripple price has significantly increased this year, indicating there is a buzz around the token, but it remains to be seen where these prices are headed in the long-term. Iqbal Gandham, managing director at eToro thinks ripple is in a good position right now, with evident market interest. Ripple's market capitalisation is now second only the market cap value of bitcoin He said: This boost in XRPs price could be attributed to XRP becoming available on mor Continue reading >>
Ripple Will Be Bigger Than Bitcoin If It Hits $7
Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin , the largest cyrptocurrency by market cap, having a quiet start to the year, many investors are looking at alternative cryptocoins. Ethereum and ripple , for example, have seen fairly strong rallies to begin the year . And many are wondering which one could usurp bitcoin as the biggest cryptocurrency. Ethereum and ripple have been jostling for the second spot, and that has changed depending on price. That jostling turned volatile on Monday as the price of ripple tumbled . Bitcoin also fell, while ethereum gained in value. Ripple's current circulation is 38,739,144,847 digital coins. At Monday's earlier price of $2.49, its market cap was $96.46 billion, according to CoinMarketCap.com. Bitcoin's market cap, meanwhile, was $254.2 billion on Monday. For ripple to surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Ethereum has a circulating supply of 96,846,982. Its current price is $1,119, according to CoinMarketCap. Its market cap is $108.3 billion. Ether would need to rise to around $2,700 to surpass bitcoin's value. This would require a 134 percent rally from Monday morning's price, which is smaller than the rise required by ripple. Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin's supply is capped at 21 million with the current supply standing at 16,789,425. With bitcoin's dominance standing at Continue reading >>
Ripple Vs Bitcoin Comparison
Ripple vs Bitcoin: Solving Different Problems Although Ripple shares some similar characteristics with Bitcoin , it is a vastly different project. As a cryptocurrency, it uses cryptography to secure transactions, but it doesnt actually have a public blockchain. Instead, it has a network of nodes that validate transactions, but these are not necessarily anonymous P2P nodes, they are participating banks and financial institutions. Ripples coins, known simply as Ripple or XRP, were not mined into existence, they were simply issued. And unlike Bitcoin which exists by virtue of a distributed network of participants, Ripple is not only the name of the coin, it is also the name of the company that developed the protocol. Unlike Bitcoins pseudonymous founder, Satoshi Nakamoto, the Ripple founders developed Ripple in the open, with Ripple even applying for and being awarded a New York BitLicense to operate. So from the get-go, we see that this is an apples and oranges comparison. Ripple is considered a bit of an oddity among cryptocurrencies because it doesnt have its own public blockchain. Internally, the XRP Ledger network runs on an internal blockchain which they call an Enterprise blockchain ledger, it doesnt use proof-of-work and little else is known about it. Ripple was originally designed as an asset transfer system, for the purpose of sending instant and secure transactions across network participants. The idea was that anything digital of value could be transacted, including fiat, cryptocurrencies, commodities, even loyalty points and mobile credits. The native Ripple cryptocurrency token was added at a later stage of development and can be used for settling trades on the network. Ripple certainly doesnt share the cypherpunk roots of Bitcoin and other cryptocurrencies, Continue reading >>
Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again
Ripples is the most significant drop, with the coin having lost more than 17% of its value compared to Sundays prices Ripple has been sliding for a couple of days now. Why are prices dropping again? Theres no good answer right now. Fears persist that more regulation is looming, and some investors may be worried about losing the fortunes theyve already invested in Bitcoin and other coins. Reports last week that South Korea and China are looking to regulate the crypto exchange business led to the price crash we talked about a few days ago. Right now, no real bad news can explain the new dips. Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, told CNBC the other day that Bitcoin might drop to as low as $1,000 this year. He added that the stock market could see some collateral damage, but it would be all psychological, not a sign theres something wrong with the economy. In a different CNBC report, Robert Shiller, Nobel-prize winning economist, told the network that Bitcoin will likely totally collapse, just like the tulip mania that captured the Netherlands centuries ago. He also agreed that Bitcoin might still be here in 100 years, though. Are there reasons to worry? Well, The Sun says that panicky Bitcoin investors struggle to withdraw their cash from money exchanges, as they fear virtual currencies will continue to collapse. And theyre now turning to other investments. European gold traders report a five-fold increase in demand amid fears that Bitcoin could crash, for example. Continue reading >>
Ripple Price: Will Ripple Overtake Bitcoin? Can Xrp Market Cap Surge Past Btc?
The finance expert said: For Rippleto surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Mr Kharpal argued that it would not be impossible for either Rippleor ethereum to claim the top spot in in the charts sometime in the future. At the moment, ethereums ether token stands a better chance of gaining the upper hand on bitcoin , the expert added. Ripple vs Bitcoin: The XRP token surged last week to overcome ethereum in the marksts Ethereum will only need to grow 134 percent on its Monday morning prices to claim the crowning glory in the crypto markets, compared to Ripple's164 percent. For Ripple to surpass this, the cryptocurrency would only need to get to $6.57 Mr Kharpal said: With bitcoin's dominance standing at record lows, and alternative cryptocurrencies seeing big price leaps, it's not inconceivable that either ether or Ripplecould claim the top spot in terms of market cap soon. Of course, if bitcoin sees a surge in price this year, it will make it harder for either cryptocurrency to surpass it. But some analysts have dismissed the speculation surrounding Ripple'svalue and warned its end-of-year bull run is a tell-tale sign of an impeding crypto bubble. Ripple prices: XRP rallied last month to all-time highs but has since somewhat plummeted in value As of 5.13pm on January 8, Ripple'sprices are down more than 25 percent on Sunday and have been on a slow downward trajectory since January 4. Erik Voorhees, CEO of cryptocurrency exchange ShapeShift, tore into the token and accused it of using established banks to boost its legitimacy. He said: "The reason Rippleis surging so much is it's a bubble. "Testing crypto with banks doesn't make sense. The whole idea of crypto i Continue reading >>
Bitcoin Vs. Ripple: A Side-by-side Comparison | Finder.com
To quell fears that Ripple would flood the market with XRP at a later date, 55 billion XRP tokens were put into escrow for gradual release. A smart contract enforces the release of this XRP from escrow. The XRP assets in escrow are set to be released to Ripple at a rate of 1 billion a month over the course of 55 months. Any unused portion of the XRP released that month will go back into escrow for another month at the end. Assuming 50% of the newly released Ripple is used each month, it would take 15 years for 90% of the 55 billion to get released into the market. Each bitcoin (BTC) is a straightforward store of value. You can transfer it on the bitcoin blockchain and convert it into fiat currency (such as US dollars) by selling it on an exchange. It is worth a certain amount and is transferable. Ripple XRP is slightly more complicated in function and purpose. The problem with international money transfers International money transfers are slow, inefficient and expensive. A typical international payment from the US takes 3-5 days to settle, has an average cost of $42 and an error rate of at least 5%. Ripple aims to make it happen instantly, at negligible cost and with a 0% error rate. Other than the technical challenges, the main problem with international money transfers is liquidity. Unless the receiving bank has enough money on hand, in the correct currency, it cannot let the customer access the funds. Ripple solves this by letting XRP serve as a pool of liquidity. Banks, international companies and anyone who needs to make international money transfers will be able to hold a pool of XRP to draw upon for instant liquidity anywhere in the world. With this system, a money transfer can actually be as simple as sending data, instead of as complicated as sending actual m Continue reading >>
Ripple Vs Stellar - Which Coin Will Win? - Bitcoinist.com
Both of these highflyers are taking the crypto community by storm. Which one will fare better in 2018? Who do we believe will outperform the other? Find out. If Ripple is theGoldman Sachs ofcrypto, Stellar is its antagonist, Robin Hood, with the latter pointing out that the former is hanging onto to nearly 60% of the originally issued Ripple tokens. Which in my ledger implies they can easily manipulate their own market. For reference, 60% is a towering percentage of founder ownership. So Wall Street has found their Crypto God and they are lifting their gaze to the blockchain to pray for more prophets. In contrast, Stellars Robin Hood has bequeathed control of their excess supply of tokens to a non-profit called the Stellar Development Foundation which has no stock or profits given to individuals. Moreover, its backed by a benefactor, No one has ever been fired for using IBMs coin. Yes, I made some of that up, but Watson ordered me to write it. Comparing the two competing teams, youre quickly struck by the difference in their governance. Ripple consists of ex-bankers and an advisory board of global financial institutions , while Stellar casts a group of start-up veterans like WordPress founder Matt Mullenweg Y Combinator President Sam Altman. Dig a little deeper, and one also realizes that Ripple is funding its own competitor in Jed McCaleb , Co-Founder of Stellar. McCaleb started out as a co-founder of Ripple but has been banished by its Sheriff and the rest of Rippleham. In a fitting twist of fate, McCabe still receives $20,000 per week from Ripple and a huge lump sum due in 2019 . Big Blue seems intent on reclaiming its most popular tech darling in the world status by jumping into the Blockchain with both feet. They have assumed the role of Little John to the crypto Continue reading >>
Bitcoin Vs Xrp: Side-by-side Comparison | Finder.com.au
Not only is bitcoin (BTC) the oldest and most widely recognised cryptocurrency in the world, its also the largest. But the crypto marketplace is becoming increasingly crowded, with a diverse range of digital coins and tokens battling for their piece of the pie. XRP (XRP) is one of the leading competitors. Having become closely associated with San Francisco tech company Ripple, XRP is an independent asset designed to allow for faster and cheaper international payments. XRP is sometimes referred to as the next Bitcoin, but is that really the case? To find out, lets take a closer look at the similarities and all-important differences between bitcoin and XRP. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Satoshi Nakamotos 2008 paper outlined a vision for a form of peer-to-peer electronic cash known as bitcoin. Launched in 2009, the worlds first digital currency is based on a peer-to-peer network secured by cryptography, and theres no central authority that governs bitcoin. Bitcoin holders can transact directly with one another, with all transactions recorded in a public ledger known as the blockchain. Once a transaction has been added to the blockchain, its details cant be removed or altered in any way. These transactions are verified and the network secured by volunteers known as miners , who use their computing power to solve complicated mathematical problems. Meanwhile, XRP is a more recent arrival on the cryptocurrency scene. Its history dates back to the start of 2012 and the founding of the San Francisco fintech company now known as Ripple. Ripples aim is to provide faster, cheaper and more reliable international payments between banks than Continue reading >>
Ripple's Xrp Is Tumbling While Bitcoin Climbs
Ripple's XRP is tumbling while bitcoin climbs XRP is down 13% Friday while bitcoin is up 8%. Ripple CEO Brad Garlinghouse is defending the company against negative claims made by the New York Times on Friday. Ripple's XRP cryptocurrency slumped as much as 34% Friday morning, trading down to $2.45 a coin, after New York Times reporter Nathaniel Popper said he was unable to verify many of the cooperating banks the company had previously announced. CEO Brad Garlinghouse denied those claims. Meanwhile bitcoin , the only cryptocurrency worth more than XRP by market cap, was trading up 7.9% at $16,465. Here's Popper: Ripple CEO Brad Garlinghouse responded, saying that his company had set up interviews for Popper, and that he would be able to verify the its claims by speaking to those people. It's not clear the subjects of those interviews, or whether they had actually been scheduled. Ripple has been on a tear since late last year, exploding in value by over 37,000% making it the second-largest cryptocurrency with a market capitalization of $115.1 billion, according to CoinMarketCap.com Those massive gains have made many of its founders, who own billions of the digital XRP tokens, millionaires. Chris Larsen, who co-founded the company but no longer serves as an executive, owns 5.19 billion XRP , worth more than $12 billion at Friday's exchange rate. Ripple touts its XRP cryptocurrency as a liquidity solution for global payments and money transfers. Many of XRP's gains correlate with agreements signed with major banks around the world, including Britain's Standard Chartered, which has also invested in the company. Continue reading >>
Ripple Warns Of Bitcoin Civil War And Raises Concerns About Rival Cryptocurrencies Ethereum Andlitecoin
Ripple warns of Bitcoin civil war and raises concerns about rival cryptocurrencies Ethereum andLitecoin Jasper Hamill Wednesday 24 Jan 2018 4:13 pm Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through Bitcoin, LiteCoin, Ethereum and Ripple are the four most popular cryptocurrencies The cryptocurrency Ripple has warned of a Bitcoin civil war as it celebrated a remarkable quarter in which the virtual currency XRP soared in value by about 1,000 percent. XRP, Ripples cryptocurrency, has just enjoyed a quarter for the ages which saw its value shoot up from the price of$0.20 at the beginning of December 2017 to a high of$2.19 just before New Year. Ripple has also announced partnerships with IDT Corporation and MercuryFX, which both handle money payments on a global scale and will now use XRP to carry out transactions at high speeds. In a blog post, RipplesMiguel Vias, head of XRP Markets, said the last quarter of 2017 also raised some serious worries. The price of Ripple over the past week (Chart: Coindesk) He wrote: There were some great advancements in the space. Unfortunately, there were also some concerning developments, in particular, the very public bitcoin vs. bitcoin cash civil war and concerns around ether (ETH) and litecoin (LTC) leadership commitment. This may be where XRP most significantly distinguishes itself going forward. XRP also became available across more than 50 exchanges globally which was likely a driver of growth. Bitcoin Cash was created on August 1 when a group of Bitcoin miners announced that they would be forking to create a new currency which makes trading faster and easier. Logging transactions on the Bitco Continue reading >>