Bitcoin Dethroned From Top Position?

[rjbtc2017]

Honestly, Cryptocurrency Community's trust on Bitcoin is unbeatable, It will take some big movements and a lot of time before Bitcoin to be dethroned. Bitcoin's reputation is also high that it almost took a lot of years and a lot of challenges from the Government as well as the FUDS from the non-believers up until now, but look, Bitcoin is still here. Let's say that there is a probability that Ripple could overtake Bitcoin's throne one day,but don't you try to look back on how Bitcoin Cash tried to dethrone Bitcoin? Given the people behind it and the BCH cult who tried to manipulate the Bitcoin Community, Still no luck from BCH. Given this scenario, In my opinion, It is still impossible to dethrone Bitcoin.

[Walrus1]

American Express is in talks with xrp about processing credit cards on the blockchain. Ripple is the bankers Bitcoin, shit you thought they would let us have the fun.

[jseverson]

I don't get why people are freaking out over Ripple just because it surpassed Ethereum. It's still ways away from Bitcoin, and its centralization makes it fundamentally different from Bitcoin. They're both digital currencies, but they couldn't be more different. I mean, I guess how it could be perceived as a threat in the short term, because it's fast and scalable, but its centralization is its downfall. Once Bitcoin closes the gap in speed and scalability, which it will, I'm guessing Ripple will be obsolete. Either way, I don't even consider it cryptocurrency -- my personal definition requires decentralization.

[Kakmakr]

Ripple is a nightmare waiting to happen. All centralized entities are corruptable and Ripple will follow the same path. If you Bank on a centralized technology, then you are betting on the wrong horse. That race is rigged and controlled by Banks and you will lose money in the future.

Never trust centralized services and/or technologies, because they are destined to fail in the future.

[glaciercapital]

I don't get why people are freaking out over Ripple just because it surpassed Ethereum. It's still ways away from Bitcoin, and its centralization makes it fundamentally different from Bitcoin. They're both digital currencies, but they couldn't be more different. I mean, I guess how it could be perceived as a threat in the short term, because it's fast and scalable, but its centralization is its downfall. Once Bitcoin closes the gap in speed and scalability, which it will, I'm guessing Ripple will be obsolete. Either way, I don't even consider it cryptocurrency -- my personal definition requires decentralization.

I agree, it's a payment railing system it's not a cryptocurrency. Hard to see it as a serious competitor to bitcoin

[cue]

I hope not since I don't have Ripple cryptocurrency.  But as we can see, the Bitcoin marketcap still way high than the Ripple marketcap.  Maybe someday it will be dethroned once the Ripple cap made more than the Bitcoin.  So, let's wait and see how it will turn out to be.

[kc999991]

I have always liked XRP and see its potential to become one of the best coins. However, like many other have said, it is pretty likely that XRP won't stay around the top for too long due to its centralized system, which essentially make XRP like a fiat and the price of it will start stablising when it is being widely used.

[akram143]

The recent rise of the Ripple with its sudden and tremendous growth made some to think that maybe soon Bitcoin can be replaced form its number one position and be replaced by its centralized rival. Though I doubt if Ripple can really make it, if it can continue to rise and if Bitcoin will retreat further then it is quite possible. I might be sad if this can happen practically because i already sold my Ripple months ago and was not able to be a part of its bull run.

Now, in case this thing will happen, how will Bitcoin be affected and the whole cryptocurrency market? Will it be Bitcoin versus Ripple this time after the recent Bitcoin versus BitcoinCash?

How can you expect a centralized coin will beat the king of crypto currency?

The current run of ripple will come to an end so if you have ripple sell soon to make profits,currently the bitcoin price started to increase and it will continue to rise in the coming days also.

[rb26]

The recent rise of the Ripple with its sudden and tremendous growth made some to think that maybe soon Bitcoin can be replaced form its number one position and be replaced by its centralized rival. Though I doubt if Ripple can really make it, if it can continue to rise and if Bitcoin will retreat further then it is quite possible. I might be sad if this can happen practically because i already sold my Ripple months ago and was not able to be a part of its bull run.

Now, in case this thing will happen, how will Bitcoin be affected and the whole cryptocurrency market? Will it be Bitcoin versus Ripple this time after the recent Bitcoin versus BitcoinCash?

There's no way that Ripple will take bitcoin over. In fact, I think that ripple will be facing a strong set of losses soon. People don't realize that it's centralized and that there's a guy controlling the entire coin. It's not really a cryptocurrency in that sense. In the case that Ripple actually does go past Bitcoin, I don't think it'll last that long. If anything, that means that the altcoins would have risen to a point that a better coin like ethereum or of the like would take bitcoin's place.

Totally agree on this one. Ripple being a centralized crypto is the sole purpose I never bought any amount of that coin. Being a cryptocurrency enthusiasts, we should all avoid anything that makes it less of a cryptocurrency. And yes, there will be major losses sooner than we expect in xrp since it is, in my opinion, being manipulated on a high level.

[Harlot]

I don't think so because the Cryptocurrency market has a really small population and the buyers of Bitcoin also buys Altcoin including Ripple. And now that we are seeing Bitcoin in consolidation traders are now shifting their money elsewhere making Bitcoin hard to move. Right now Ripple had timed it with some hype and a very good looking chart it has risen so much that it has beaten Ethereum in terms of market cap.

[Yakamoto]

Worst case scenario will be Bitcoin vs Ripple (decentralized vs centralized) but i still believe in bitcoin that it will still hold its position as the number 1 coin that it being used by the people, as far as the future is concern we cant say that bitcoin will still be the top performer but hopefully it still is.

The market cap of a crypto doesn't mean much, and I'm glad that there are some people that are starting to catch on to this fact. Even if Bitcoin does get passed by a coin like Ripple it doesn't matter much because Ripple already has banks backing it (so such increases in value are to be expected in most cases) and if it's not being used by people it's merely a speculative tool, not a real currency per se. Bitcoin still has yet to be properly challenged by something that does not have a multitude of organizations and institutions supporting it.