Consider buying Ethereum

Fun fact: Disregarding Ethereum's value, Ethereum's top 10 assets combined would put them firmly in 6th place at $661 Million cap. And that's just the beginning to be honest.

 

White papers should absolutely be read. But just like a TOS in the real world, 9 out of 10 folks will never take the time to read it. I just happened to be one of the few that do. But that's only just one aspect of what I think makes a crypto valuable. Essentially you are placing your bet on the opinion that banks will adopt XRP. All or nothing. So XRP is essentially worthless (well, most definitely worth less than now) if it doesn't gain traction the way you want it to. On the other hand, betting on Ethereum isn't betting all in whatsoever. Aside from the plethora of applications that Ethereum could be used for, one is betting that out of the hundreds of dApps being developed, some will reach mainstream consumer adoption which will put Ethereum at the forefront of a technological shift (which it basically is already.)

 

Agreed, but scaling is a WIP in the blockchain space as a whole to be fair.

 

I already know XRP is focused on tx scaling, that's their entire business model. Not consumers. Banks. That doesn't mean you or I. They could care less about our interests. And as you can see with what's happening to R3 corda, banks can have a change of heart on a whim. I'm not willing to risk everything on that prospect.

 

That gets to the root of my problem. I don't trust banks or Chris Larsen. Well, mostly Jared who isn't in the picture anymore except his share of the billions of XRP (which is obviously less than when he initially left since he forked XRP and made STR, but still a significant amount. I'll admit that XRP has come a long way since then, but I'm philosophically opposed to centralized banking and the current monetary system.)

I cannot invest in something I cannot trust.

But as I said before, I wish everyone in the cryptospace good fortune because we are pioneers of the future. The entire industry is in infancy with enormous upside potential in the coming decade. We will all look back on these days and smile.

 

I pretty much assume banks build their revenue model on fraud these days. I just envision a future of AI and blockchain that will replace the need for banks entirely.

 

Very true. Challenge accepted, haha. I'll make sure to check this thread exactly 25 years from now.

 

Info from a friend: lots of BTC dumping into ETH for it to make press headlines. Apparently top 70 richest BTC accounts were responsible for it, literally just dumping money into it on the exchanges. If this is true, might be a correction where it would be a good opportunity for people to get in

 

Waiting for a dip for me to get in :c , but also think its a bit too late now. Have a feeling the crash is coming soon

 

That's short term thinking. If it crashes, buy more. Ethereum is here to stay. I bought ETH at all price ranges. When the DAO hack occured, I had some ETH that I bought around $16 to $20. It crashed over several months to a low of around $7 to $8. I bought more. Never sold. I obviously don't regret it one bit. In the next decade, it'll be worth tens of billions.

 

the first purchase is the hardest. Good luck !

 

Now is a decent dip to take advantage of. Position yourself nicely when BTC takes a hit after this rally (fueled initially by Bitfinex fiat withdrawal issues + tether USDT being untethered from the USD which is why Polo's BTC/USDT value is the same as Bitfinex). I remember when Gox BTC had a $100+ USD arbitrage before its collapse). It's about due one soon.

 

I have made the transition out of my last remaining BTC into ETH and various other alts. While blood filled the streets of Polo, I looked at it as a firesale for my crypto portfolio. Time to hunker down and HODL while I wait for The Flippening.

 

Yeah, i was planning to slowly invest into ETH for long term eventually. Was either ETH or Decred