Rising Ripple Threatens to Usurp Bitcoin and Usher In “The Rippening”

[mayurobin]

First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoin’s top spot. Could the centralized cryptocurrency usurp bitcoin’s market cap, heralding The Rippening?

Despite bitcoin making gains of 14% in the last 24 hours off the back of news on Peter Thiel’s involvement, XRP has outperformed BTC, recording gains of 16%. Ripple at the time of writing had a market cap of $104 billion versus bitcoin’s $245 billion. In other words, ripple is worth 40% of bitcoin’s valuation. Each XRP token is currently trading at around $2.70. If XRP were to reach $6.75 while BTC stood still, it would overtake bitcoin to become the world’s most valuable crypto asset.

[jubalix]

ripple is not a crypto, its not permissionless

[seizetehday5]

That would be absolutely puke worthy because sure we all know Ripple is a centralized crap coin but for a centralized crap coin to be number one? Man that would hurt my stomach and head a like I wish never to see this!

[nicosey]

Who is actually buying Ripple? 
Where has this demand actually come from?

[Jating]

First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoin’s top spot. Could the centralized cryptocurrency usurp bitcoin’s market cap, heralding The Rippening?

Did the so called "Flippening" succeeded?

What made you think the "Rippening" would perform better?

Despite bitcoin making gains of 14% in the last 24 hours off the back of news on Peter Thiel’s involvement, XRP has outperformed BTC, recording gains of 16%. Ripple at the time of writing had a market cap of $104 billion versus bitcoin’s $245 billion. In other words, ripple is worth 40% of bitcoin’s valuation. Each XRP token is currently trading at around $2.70. If XRP were to reach $6.75 while BTC stood still, it would overtake bitcoin to become the world’s most valuable crypto asset.

And then what? If it doubled the current price in the next couple of days or weeks? Do you think its sustainable? Or are we going to see the coins being dump so that everyone is really taking profits and laughing because those who have bought it at top price are already trap inside and can get can't because they are going to suffer a lose. And just what others have said, its a centralized coins, just purely pump-and-dump coins for me.

Its better to take advantage of this kind of situation and not be delusional to think that it will just suddenly overtook bitcoin and stay there. Ethereum has tried before but it didn't succeeded as I have said, but lets give XRP a hand for trying though.

[Anti-Cen]

Ripple scales and has little fees but BTC has big BIG fess so its a no brainier who's going to win
 

[gabbie2010]

Ripple scales and has little fees but BTC has big BIG fess so its a no brainier who's going to win
 

Absolutely I  agreed with you on scalability issues of bitcoin has to be resolved once and for all else investors will look for other alternative which is ripple, and bankers are massively adopting this coin which  I believed is a threat to bitcoin.

[Hazir]

Ripple scales and has little fees but BTC has big BIG fess so its a no brainier who's going to win
 

In the meantime when you use fiat cash p2p trading there are no zero fees and it is totally anonymous. Do you think that fiat money will win in the end?
Ripple is not even true cryptocurrency if we analyze it meticulously - it is laughable when someone is trying to compare BTC to ripple and base this opinion on short-term market volatility.
The only event I am waiting for is the 'Halvening" in 2020, and I don't care about flippening, rippening or other useless happenings.

[Anti-Cen]

Absolutely I  agreed with you on scalability issues of bitcoin has to be resolved once and for all else investors will look for other alternative which is ripple, and bankers are massively adopting this coin which  I believed is a threat to bitcoin.

When it looks like the wheels are about to fall off something you don't put the price up but that is just what
the BTC miners have done and was the development team any good then instead of filling there pockets they
just need a little code to choke back on data hitting the block-chain without ripping us off.

This lead me to look more closely at lightning and I don't like what I see and we get hubs charging fees
and can force you to settle up the account and pay $25-45 to the miners. Hubs are banks, make no mistake
about it and they have already tried to play the "Virtually free transactions fees" card so they can stick it
when trying to play it again. I want to see a cast iron fee structure and not "Market Decides" because that
has lead to a monopoly in BTC where 10 big miners control 90% of transactions and we have silly fees

See https://blockchain.info/pools 

 

[jubalix]

Who is actually buying Ripple? 
Where has this demand actually come from?

its good for interbank transfers and capital movement. Eg its farily good to get you funds from one exchange to another in XRP

[jubalix]

Absolutely I  agreed with you on scalability issues of bitcoin has to be resolved once and for all else investors will look for other alternative which is ripple, and bankers are massively adopting this coin which  I believed is a threat to bitcoin.

When it looks like the wheels are about to fall off something you don't put the price up but that is just what
the BTC miners have done and was the development team any good then instead of filling there pockets they
just need a little code to choke back on data hitting the block-chain without ripping us off.

This lead me to look more closely at lightning and I don't like what I see and we get hubs charging fees
and can force you to settle up the account and pay $25-45 to the miners. Hubs are banks, make no mistake
about it and they have already tried to play the "Virtually free transactions fees" card so they can stick it
when trying to play it again. I want to see a cast iron fee structure and not "Market Decides" because that
has lead to a monopoly in BTC where 10 big miners control 90% of transactions and we have silly fees

See https://blockchain.info/pools 

 

BTC needed to make its blocksize bigger even if fractionally deal transactions. They have refused to do this. Further it seems the LN will have a settle up cost that can be very high....to NO2X was a mistake.

Anyway....its amazing to see the first mover advantage given away so spectacularly.

[illnino]

First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoin’s top spot. Could the centralized cryptocurrency usurp bitcoin’s market cap, heralding The Rippening?

Despite bitcoin making gains of 14% in the last 24 hours off the back of news on Peter Thiel’s involvement, XRP has outperformed BTC, recording gains of 16%. Ripple at the time of writing had a market cap of $104 billion versus bitcoin’s $245 billion. In other words, ripple is worth 40% of bitcoin’s valuation. Each XRP token is currently trading at around $2.70. If XRP were to reach $6.75 while BTC stood still, it would overtake bitcoin to become the world’s most valuable crypto asset.

Ripple really have overcome many well-known and famous cryptocurrencies. But I think that talking about usurp of Bitcoin this is just a unfairly loud. No need to yell about it because no reasons for this.