Dude. I’ve been watching bitcoin since $250. Everyone that got in even in the $7k’s have no idea what these bubbles do. They are just hoping for another bull run right now. They will sell when it hits 5k and keep the bear market moving.
Why are you attaching the price of BTC to XRP? If banks start to buy in on XRP to use it for cross-bank transactions, they will need huge amounts of it in order to cover those. These huge XRP transactions will likely lead to a rise in the currency, while bitcoin won't see much of it.
It is possible and likely, if XRP continues to make its way into the financial world. Just review the differences between the two cryptos: XRP is fast, available in large quantity and most important centralized. There is a company behind it that can be reviewed, talked to and lobbied. Bitcoin is highly decentralized and only offers 21 million units vs. 100 billion XRP. Looking at the daily cash flow worldwide, the price would have to "Koenigsegg Trevita and Pluto" in order to cover these sums. The high confirmation time, which can jump anytime if a country decides to crack down on miners, adds to a "No" for future banking applications with bitcoin.
I'm pretty sure the price of XRP will rise, if Ripple convinces the financial world, that their system is the way to go -- topping BTCs market cap in the end.
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“Myth #3 Bitcoin mining wastes lots of energyNot really because in fact Bitcoin Mining is useful on the Network to create money from computing power.That’s why Satoshi Nakamoto created Bitcoin so people can now actually create their own cryptocurrency on Blockchain without government corruption.Every 10 minutes a Block Reward of 12.5 BTC is given to someone on the Network for solving a random math equation which is Proof-of-Work.Every four years BTC cuts in half or Halves so the next Block Reward in 2020 will be 6.25 BTC.This will drive up the price of BTC higher and 10 years from now on or so will be worth $10 million or more:In 2024, 3.125 BTC In 2028, 1.5625 BTC In 2032, 0.78125 BTCThe more the Block Reward reduces of BTC the more scarce and valuable it will become. So if you own one or more BTC and HODL you are already a millionaire.Depending on the difficulty it might take a very long time to mine only one Block. Fortunately, I was early in Mining BTC late 2009 because there wasn’t much people mining on their PCs.If you don’t understand this you won’t know why Bitcoin was created.Mining BTC doesn’t cause no air pollution or any surges in electricity, but every Christmas millions of houses lights drain out energy.In fact, there are BTC mining companies now that want to convert trash into electricity- BTC Green Mining is the future. There are others building devices to cool down Mining Rigs with mineral oil.This will save tons of energy!”
I read an article about the guy who started bitcoin...did a talk a college and gave each student something like 2 or so coins....some just trashed them or gave them away lol I'd die after I found it blew up