Entrepreneur | Posted on
Bitcoin or Ripple?
Bitcoin is the way to go. No doubt. And this is not because XRP is bad. Or because BTC has the highest market cap in the cryptocurrency market.
There are well over 1600 cryptocurrencies in the world today. And we know it very well that a large part of these tokens is either unsustainable or blatantly fraud. Be as optimistic about the cryptos and blockchain, fact is that most of them won’t even survive to see the daylight of 2020.
And after all is said and done, and when the crypto market has scrapped the garbage, what will be left is a small line of few cryptocurrencies, holding almost 95 percent of total market. When this happens, Bitcoin will stand the tallest.
- One, because it’s the earliest crypto, often recognized as “the real one”.
- Second, it’s more popular than anyone.
- Third, since more popular, this is where the retail investors will put their money in, which will increase liquidity in the BTC market. And higher liquidity will attract more investors/traders.
- Fourth, governments around the world understand the threats cryptos can pose. However, they also know the imminence of legalizing and regulating this market. When they try to regulate Cryptos, they will have more attention to Bitcoin, given its high market dominance. Other cryptos will either be banned or sidestepped.
- Fifth, if crypto-to-crypto trading picks up (which is already happening in India following crypto-fiat trading ban), Bitcoin will become the ultimate benchmark.
- Sixth, as cryptos become more mainstream, they will be used in place of money. In this case, the sellers would prioritize Bitcoin more because of high operational cost (and inefficiency) that might come from accepting other cryptos.
- Seventh, Bitcoin has a very core and progressive crowd of supporters who will ensure that this crypto dominates the market.
Again, I am not saying Ripple is bad. It’s, in fact, equally good. Aside from Bitcoin, I will always place my bet on Ripple, Ethereum, Dash, IOTA, and Monero.
However, if I am given a choice between Bitcoinor Ripple, I would always go with the former one. So, that’s what I would suggest even to you.
But if you have enough capital, go with the traditional investing rule: Don’t put all your eggs in one basket. Spread them! So, buy BTC. And also invest in XRP, as well as ETH and other cryptos.
(Courtesy: 01net.it)
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