Is XRP the next Bitcoin?

[kotajikikox]

Could XRP (Ripple) Be the Next Bitcoin?

I am sure upon seeing the title, you leapt out of your seat and got ready to disprove me. Well that is also my reaction upon seeing the title of this article. I then read the entire article and it gave reasons why xrp can be the next bitcoin.

The article starts by introducing the two indicating their current value: Two of the most popular cryptocurrencies right now are Bitcoin and XRP (XRP 1.95%). As of this writing (July 28), Bitcoin's price of roughly $120,000 is hovering near all-time highs. Meanwhile, at only $3, XRP appears much more modest.

Looking at the value already, we can say that these two are miles away from each other. But then the article continues to dive into what makes xrp so unique to be compared to bitcoin.... Ripple offers a compelling alternative payments network for cross-border transactions. The Ripple network allows transactions to settle within seconds, and at a much lower cost compared to SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.

The article then compared the two's supply. Bitcoin has a limit of 21 million while xrp has 100 billion limit. It made me laugh how the article quite explicitly said this about xrp... the scarcity psychology seen with Bitcoin doesn't seem to be present.

I think that we can stop reading the article after this one sentence... Ripple holds a portion of the XRP supply, meaning the token itself is not fully decentralized like Bitcoin is.

I do not know if anyone ever thought that xrp would be the same as bitcoin or would be the next bitcoin but just by looking at the two, the differences are too noticeable. If you want to ever compare an altcoin (or god forbid a memecoin) to bitcoin, just write it out and notice how foolish you sound.

[Charles-Tim]

The article starts by introducing the two indicating their current value: Two of the most popular cryptocurrencies right now are Bitcoin and XRP (XRP 1.95%). As of this writing (July 28), Bitcoin's price of roughly $120,000 is hovering near all-time highs. Meanwhile, at only $3, XRP appears much more modest.

Ethereum is still huge in marketcap than Ripple.

Ethereum was not able to compete with bitcoin, not to talk of Ripple.

I will not be surprised if a coin is created that will take over either any of the two coins. As some people think that they are bitcoin competitor, not knowing that they also have competitors that can take over the second or the third sport.

I still think USDT may take over both of them one day.

[FortuneFollower]

In case of usage for transactions - maybe?

Regarding the structure and so on - nah, XRP is not the thing to go for.

It heavily depends on what aspect we look at, OP, because XRP is not the next BTC, they are two different things and are not going for the same goals.

[Swordsoffreedom]

I still think USDT may take over both of them one day.

USDT is just a stable coin, how can it compete and replace ETH and XRP? But if you are talking only about market capitalization then this is probably true as the demand for stablecoins will increase drastically in the future as more countries are promoting their use. Especially the US, they are forcing stablecoins to be pegged to the USD and promoting their use with the aim of maintaining USD dominance. That would definitely send their capitalization soaring and reaching trillions of dollars is entirely possible.

If we talk about market capitalization, it could even threaten bitcoin's top spot and I wouldn't be surprised if that happens.

[notocactus]

Could XRP (Ripple) Be the Next Bitcoin?

There is nothing as next Bitcoin! Never.

Bitcoin is unique and it is Bitcoin as it is. Other cryptocurrencies (alternate cryptocurrencies or altcoins) are what they actually are - altcoins and none of them is Bitcoin or a next Bitcoin.

There is another funny marketing trap from altcoins to call their projects as Bitcoin killer. You can see similarity between "A next Bitcoin" and "A Bitcoin killer" and hopefully you can see altcoins are not Bitcoin, and never be Bitcoin.

How can centralized projects be better ones than Bitcoin - a decentralized project?
It's impossible.

You must know how centralized Ripple is.

[hero_the_bossman]

Could XRP (Ripple) Be the Next Bitcoin?

There is nothing as next Bitcoin! Never.

Bitcoin is unique and it is Bitcoin as it is. Other cryptocurrencies (alternate cryptocurrencies or altcoins) are what they actually are - altcoins and none of them is Bitcoin or a next Bitcoin.

There is another funny marketing trap from altcoins to call their projects as Bitcoin killer. You can see similarity between "A next Bitcoin" and "A Bitcoin killer" and hopefully you can see altcoins are not Bitcoin, and never be Bitcoin.

How can centralized projects be better ones than Bitcoin - a decentralized project?
It's impossible.

You must know how centralized Ripple is.

"Bitcoin killer" is even funnier, lol.

They don't have a target to do that, nor BTC has such a target - but people just love to clash coins together like toys..

[Frankolala]

Another dump idea from whoever wrote that shit in the OP. I feel that person is chilling XPR, because naive people might fall for it. Bitcoin has always been the leading cryptocurrency since creation till date and would continue to do so overtime. Bitcoin is decentralized and is beyond censorship. XPR is just another shitcoin without any difference from the rest. I have heard a lot of coins becoming the next bitcoin in the past, but none of them could survive it.

[Moreno233]

XRP is a shitcoin and nothing close to Bitcoin. Don't be carried away be the hype especially after they won the court case and don't even let the rise in price make you think it is anything close to Bitcoin. I wonder why you will make this type of statement, if you would want to compare anything to Bitcoin, XRP is the least thing I expected to cross your mind. How can you compare something that is decentralized to Bitcoin?

[AprilioMP]

XRP or Ripple is a coin with good potential, but not capable of replacing Bitcoin.
In terms of transactions, according to what I know about Bitcoin is still superior to Ripple. Market capitalization, other coins like Ethereum are still higher than Ripple.

It's not wrong if someone says that because it's their freedom, but they must have strong references. Because in the past there were also those who wrote who said there would be a coin that would beat Bitcoin, until now there has not been.
I don't want to look at the price side. But if there are people who say Ripple will be a coin that will surpass other coins besides Bitcoin, maybe yes it can.

[DubemIfedigbo001]

A lot of coins are performing better than XRP currently, so I wonder why the hype. It should start from breaking it's ATH of $3.84 which was last seen in January 2018 before it can make a good impression, not to talk of comparing it with Bitcoin. XRP it's centralized too with it's creators holding most of the allocation which makes it easy to control.

The social media is full of shitty articles by people who's only interest is in promoting these low value coins. The writer just wanted to draw attention by comparing it to Bitcoin and obviously lure uninformed people to investing in it.

[IceLincoln]

I still think USDT may take over both of them one day.

USDT is just a stable coin, how can it compete and replace ETH and XRP? But if you are talking only about market capitalization then this is probably true as the demand for stablecoins will increase drastically in the future as more countries are promoting their use. Especially the US, they are forcing stablecoins to be pegged to the USD and promoting their use with the aim of maintaining USD dominance. That would definitely send their capitalization soaring and reaching trillions of dollars is entirely possible.

If we talk about market capitalization, it could even threaten bitcoin's top spot and I wouldn't be surprised if that happens.

I didn’t understand why Charles-Tim says he thinks USDT which is a stable coin will take over XRP and ETH, the only aspects that comes to mind is just in market capitalisation where it might likely be possible, Cos the US is really driving the adoption even big companies are trying to implement the use of USDT for some certain payments.

For the OP, yes XRP is doing well it’s showing potential for growth but it’s only another Altcoin, it’s highly unlikely to reach the level of bitcoin, not to talk of replacing the dominant king of crypto. It can only replace SWIFT for now making across border payments easier .

[Charles-Tim]

USDT is just a stable coin, how can it compete and replace ETH and XRP? But if you are talking only about market capitalization then this is probably true as the demand for stablecoins will increase drastically in the future as more countries are promoting their use.

The competition is about marketcap and nothing else. More marketcap of a coin means more people invested on the coin or more money are invested on the coin.

Especially the US, they are forcing stablecoins to be pegged to the USD and promoting their use with the aim of maintaining USD dominance. That would definitely send their capitalization soaring and reaching trillions of dollars is entirely possible.

There are other stable coins like the one pegged with Euro and Chinese Yuan, but people are going more for United States dollar stable coins.

[EarnOnVictor]

I knew the article would be exactly what it is, and it is not new. No matter what they might say, Bitcoin and Ripple will never be comparable because the dissimilarities between them are far more than the similarities. If we downplayed the decentralisation/centralisation that differentiates them, can we ever compare 21 million of Bitcoin total supply to 100 billion total supply of XRP whose majority has been captured by the creator. Can't it be manipulated in the future because it has the majority of the coin? This pattern is similar in cryptocurrency, which always cast doubts on the sincerity of the creators.

[Ambatman]

Could XRP (Ripple) Be the Next Bitcoin?

The first sign of a  Scam coin is when they start comparing themselves with Bitcoin.
And No there's no second Bitcoin.

The title should have made you realize that you going into a trash bin
I don't take such risk. There's nothing compelling to back up his claims.


No matter how beautiful it's painted or the benefit they preach. It doesn't change the fact that it's still centralised.

[Zigabel]

Could XRP (Ripple) Be the Next Bitcoin?

I think that we can stop reading the article after this one sentence... Ripple holds a portion of the XRP supply, meaning the token itself is not fully decentralized like Bitcoin is.

I do not know if anyone ever thought that xrp would be the same as bitcoin or would be the next bitcoin but just by looking at the two, the differences are too noticeable. If you want to ever compare an altcoin (or god forbid a memecoin) to bitcoin, just write it out and notice how foolish you sound.

Sometimes people can just be making certain assumptions due to their taught or maybe a few information they have been exposed to without trying to make actual research to see i fthey have  complete information or they have the actual fact to what they think they know and so they turn out to make assumptions on things they think should be. Ripple has come in very handy to solve a certain problem of which it has been very helpful with but it does not make it a better replacement or even an actual replacement for Bitcoin.

Bitcoin is very much decentralized and can serve the same purpose Ripple does serve with further adoptions but Ripple can not be all on handy as much as Bitcoin so the comparison thereof is not correct enough, we should rather respect that both cons are doing well in their various fits and are just as useful as they should be rather than raking one to be better than the other or seeing one as a replacement for the other.

[Dunamisx]

Right from time, i don't always seem to buy the idea of what people are saying, There is nothing that can make it worth it for us to compare Ripple to Bitcoin, the margin is by far too much, not even the second most recognized cryptocurrency which is Ethereum can stand the gap of bitcoin, so what are people trying to convince about, sometimes we should not always pay attention to some posts that may give not meaning to what is in the reality.

[BTCETFInvestor]

The answer is absolutely - in terms of investment potential! Yes!

You may want to look at this threat titled 'Bitcoin without mining' ►https://bitcointalk.org/index.php?topic=10193.0

This 14 year old thread from 2011 is actually the beginning of Ripple (XRP) being discussed.

You will see posts in the ' Bitcoin without mining' thread from some of the very same people that actually helped create Bitcoin (yes, that is a fact!);  like David Schwartz (a.k.a. JoelKatz), Jed McCaleb and Mike Hearn. It's likely a couple of them may have actually been the mysterious 'Santoshi"!


XRP and Bitcoin are completely different yet Bitcoin and XRP are both cryptocurrencies. XRP is cheaper, much faster, and more scalable, and much friendlier environmentally since mining is not needed. Bitcoin was designed as a global payment system and is primarily used as a store of value and a medium of exchange. XRP on the other hand was designed for instantaneous cross-border payments, but is being used by financial institutions an is quickly becoming popular with many cryptocurrency investors.  
 

Could XRP (Ripple) Be the Next Bitcoin?

I am sure upon seeing the title, you leapt out of your seat and got ready to disprove me. Well that is also my reaction upon seeing the title of this article. I then read the entire article and it gave reasons why xrp can be the next bitcoin.

The article starts by introducing the two indicating their current value: Two of the most popular cryptocurrencies right now are Bitcoin and XRP (XRP 1.95%). As of this writing (July 28), Bitcoin's price of roughly $120,000 is hovering near all-time highs. Meanwhile, at only $3, XRP appears much more modest.

Looking at the value already, we can say that these two are miles away from each other. But then the article continues to dive into what makes xrp so unique to be compared to bitcoin.... Ripple offers a compelling alternative payments network for cross-border transactions. The Ripple network allows transactions to settle within seconds, and at a much lower cost compared to SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.

The article then compared the two's supply. Bitcoin has a limit of 21 million while xrp has 100 billion limit. It made me laugh how the article quite explicitly said this about xrp... the scarcity psychology seen with Bitcoin doesn't seem to be present.

I think that we can stop reading the article after this one sentence... Ripple holds a portion of the XRP supply, meaning the token itself is not fully decentralized like Bitcoin is.

I do not know if anyone ever thought that xrp would be the same as bitcoin or would be the next bitcoin but just by looking at the two, the differences are too noticeable. If you want to ever compare an altcoin (or god forbid a memecoin) to bitcoin, just write it out and notice how foolish you sound.

[rdluffy]

I read the article, hehehe
The title is more to grab attention, and on top of that, it focuses more on price than on all the characteristics of the two coins

The author himself concludes with:

While I see the advantages of XRP over legacy payment infrastructure, I do not think the cryptocurrency carries the same upside as Bitcoin.

There are many differences between the two 
Perhaps focusing on short-term trading may make sense for trading XRP or for specific companies or even the purpose of XRP

But in the general I don't like XRP and there's more people here that don't like also

[lionheart78]

I believe there is nothing to argue in here, we all know that XRP will never replace Bitcoin, nor be called the next Bitcoin due to many reasons stated by the earlier reply.  I also think someone is shilling XRP, maybe the dev team or the supporters have a plan to pump the price of this altcoin. 

I think if there is any hint for this altcoin to pump, we should take advantage of the opportunity and sell it the moment we find a profit, after all, this kind of altcoin is just created to make money (just look how huge the developer team is cashing out every month).

Anyway, Bitcoin is only one, and no cryptocurrency will ever be the next Bitcoin. If there is something to replace Bitcoin, it would be another kind of financial technology, which is way more advanced and user-friendly.

 

I still think USDT may take over both of them one day.

Anyway, I somehow agree with @Charles-Tim that USDT may overtake both in term of being used as payment option.

[Ryu_Ar1]

Don't overestimate altcoins because eventually something like this will never happen so it's better to reduce the comparison between altcoins and bitcoin because everything will just end up the same.

We all know that looking at the conditions it is an impossibility considering that in terms of value it is clear that it is already visible how the difference is happening now even since a few years ago ETH was always considered the next bitcoin in the end it was unable to catch up only as a follower so what is expected from XRP.

Indeed they are now in a good trend especially after the long drama of XRP bearing sweet fruit for them but saying the next bitcoin? That would just be a joke to me.
Bitcoin will remain the king and altcoins or shitcoins will only be followers of the king nothing more than that.