Quote from: aoluain on May 25, 2018, 09:45:13 PM

Quote from: FrueGreads on May 25, 2018, 03:24:09 PM

Quote from: Nicolaus Copernicus on May 23, 2018, 04:27:14 PM

Hello everyone.
I want to buy some coin and hold it for at least 1 year. What should I invest on, ripple or litecoin ?

Do you already have some ether or bitcoin? I think those should actually become a priority above all the others, but narrowing your choices to just those two, then I would say litecoin. I don't even consider ripple a good investment to be honest, and for me it doesn't really matter if it will ever give your profit or not, because in the long run (and you did mention at least 1 year) I believe that everyone will understand that the ripple token itself, has no value.

Most people don't even know what that token is for, but you need to know one thing about it. The token is just a feature of the network, and it's used to prevent an attack, nothing else. It was never meant to be to valuable, or scarce. That token is meant to be destroyed on every tx, and at a very low rate, so that the network continues to work, even if it ever gets mass adoption from banks. So you will always have tons of tokens, that will only be valuable enough to protect the network, but never valuable enough to ever work as a good investment.

Spot on!

There are indeed banks predominantly in Asia using Ripple, they are
in fact using the Ripple network not the token.

Litecoin is very useful, its transaction fees are one of the lowest, yes
I used the word useful in connection with litecoin.

Also remember litecoin outperformed bitcoin last year!
Some people need to read up on litecoin.

Personally i think that Ripple uses its low FIAT value in conjunction
with its coinmarketcap position to attract investors, but its really
the FIAT value that blinds people.

I thought that litecoin is much better compared with ripple as the banker coin. litecoin is a way for bitcoin to test its solution and then every test going to be successful and this brough more and more hype to the litecoin. litecoin is more fair compared with ripple. litecoin can improve its scalability anytime.