That's the truth about it, Bitcoin isn't dropping down any time soon. It will be going higher, even financial institutions like bank, many wallet exchanges use it regularly. The bank benefit alot through Bitcoin cos of the incurring charges it takes from those depositing it to any crypto wallet.
There have been an unpopular discussion going on within my banker group of friends, they made mention that banks do trade on bitcoin to make more. So, if the coin is not going to still rise up more it is now, I think they would have all pulled away their investment in the cryptocurrency.
That's for sure, banks do invest on Bitcoin just like other whales. That's why you see that, when you want to transfer your funds into your local bank account it is faster. They pulled out their fund, cos they noticed that other whales have pulled out too. And they need to make their own gains too.
Good that you find it easy and understandable to use. Bitcoin is easy to do transaction with, and it is profitable coin, when you save it for a long time and never lose hope even when the price is going deep.
Okay, Ethereum is nice too, but you need to pair it to trade in any wallet exchange platform. Cos trading goes together with pairing, unless you wanna tell me you transact only with Ethereum. Like buying, selling, storing and withdrawing it.
My alternative to Bitcoin is the Bitcoin cash and Litecoin, Ripple etc based on their low transaction fees. I save Bitcoin because of the rate at which it grows higher in price, but I transact through Bitcoin cash and Litecoin, Ripple, them convert them later to Bitcoin.
A couple of years ago, when Ripple was new in the market, I had high opinion on this crypto currency. If I had money back then, I would have invested. However, these days I thank myself for not investing on ripple. Ripple did not grow as expected. Bitcoin cash was once almost 2k but now it is just under $500. I think Litecoin is the currency for common people.
Okay, if not for the lawsuit beckoned around Ripple, it could've been around $1 per coin. Didn't notice that the coin climbed to $0.70 per token before the issue of them and U.S SEC, emanated.
Okay, BTC is peoples choice, because it has established himself as the world number one coin. The price value is astronomical and it is not that volatile to go on a free fall like those other emerging coins. It is a coin that rises so high unexpectedly, that's why investors invest on it heavily.
Yeah, Litecoin and Bitcoin cash are two excellent Cryptocurrency with Lowe minimum amount charged for transactions. Ripple is always the best when it comes to lowest transaction fees, if not for their case with U.S SEC, that disrupted their progress. But I believe they'll come back stronger.
We need to understand why US security filed a lawsuit against Ripple. There are a lot of crypto currencies in the market and why only Ripple had to face the lawsuit? We need to understand this. I believe Ripple has already appeared suspicious for inverstors, traders, and crypto exchanges. In fact Coinbase is removing Ripple from its listing.
For me I prefer bitcoin much for most of my transactions. This is because I understand it best and I can use it without a problem. I also have a bitcoin exchange platform that converts bitcoin to my local currency and that makes it so convenient. When the bitcoin gas fee is high, I usually prefer converting it to Bitcoin Cash or Litecoin before transacting.
