Bitcoin is breaking all the records and at the moment as it has crossed 10000 dollars. Who would have thought that a set of digital blocks on a magnetic tape would cost so much when there was Gold and Diamond.
The one who founded it is mysterious and is away from public life. The value seems to sky rocket with the growing demand. As the adoption of bitcoins is increasing, there has been increasing in the demand. This is good but definitely there is a limit till where it can grow.
Bitcoin is precious but costly. Bitcoin is famous but slow. Transactions fees are high and time taking. Mining is not easier like many other coins which is also another disadvantage. Bitcoin is not going to fall but here are limitations going forward in next three years. Either Bitcoin community has to upgrade the technology or design a road map in order to over come the problems that exist in bitcoin or Bitcoin's future is not going to be safe.
Bitcoin will be definitely targeted by central banks of the world and economists of the world only because Bitcoin would definitely disrupt the existing financial structure. So one never knows how are these crypto currencies going to be regulated.
But in case of ripple where transactions fees are less and it is super fast, Ripple is going to rule the world in coming years.Agree it is not rising like Bitcoin but good currencies take time and once it starts rising nothing would stop it.
Every now and then we are hearing good about ripple and we are actually seeing the adoption of the Ripple technology by Banks.
Unlike Bitcoin, Ripple would operate under legal jurisdiction and Banks themselves using the Ripple technology is a win win situation for both economy and Ripple. Already Axis Bank has started using the Ripple for their international transactions which means that many other banks are in line to follow the same.
Once few more Banks start adopting Ripple, the price would go so high that even the best analysts of crypto currencies would fail to predict the price. And 2018 is the year for Ripple. So before banks buy bulk chunks of Ripple, it is up to you to own some share of Ripple.
