Quote from: coolcoinz on October 15, 2018, 03:52:56 PM

Quote from: BitHodler on October 14, 2018, 06:57:25 PM

Quote from: coolcoinz on October 14, 2018, 06:40:25 PM

Because XRP is an pumped bubble with no use cases. They were promising to be a link between cryptocurrency and financial institutions but made very little to really become one. People are pumping XRP because it's cheap and it's an old coin, accepted on most exchanges. But is anyone using it to really transact? People are only looking for a go to coin when Bitcoin is plummeting and that coin used to be ETH but this year ETH is not doing so good fundamentally so there's always cheap XRP.
I'm ready to bet that Bitcoin will not experience a 90% correction this time.

Any coin can potentially go through that significant of a correction, and while it may not be likely that it happens to Bitcoin as well, the possibility is still there. What's Bitcoin being used for? What prevents it from correcting 90%?

Aren't there use cases for Bitcoin?
Online stores are accepting it. You can go shopping in Japan and Korea without problems. You have Bitcoin ATMs all around the world. Mining equipment is being sold for Bitcoin. There are car dealerships that accept it, like that Lamborghini dealership in the US and BMW in the UK. There are online marketplaces where you can sell your goods for Bitcoin like bitify.com and openbazaar.org. You have overstock, newegg, gyft, which basically allow you to buy anything you want through gift cards. You can add funds your amazon account with BTC. Is that enough of use cases for you?
Now it's your turn. What is XRP used for?

Quote from: BitHodler on October 14, 2018, 06:57:25 PM

Bitcoin last year peaked at $19,500 from where a 90% correction would mean a bottom of $1950. Is it really that unlikely?

Yes it is very unlikely because many of the use cases listed above did not exist when Bitcoin was trading below $1000. There was a huge wave of retail adoption in 2017. Are you unaware of that?

Quote from: BitHodler on October 14, 2018, 06:57:25 PM

Back in 2017 the price dipped slightly below the $800 mark and pumped straight to $19,500.

I'm not saying it's going to happen, I don't even expect it to happen, but I'm not discarding it either. We have to remain realistic here, there isn't much other than speculation to hold on to. Use is negligible at this point in time.

It's still greater than it was in the middle of 2017 when the price was $3000. If we could be be steady $3000 for months before we went into a bubble stage ($5000 and above), why would we dip below now, when the popularity of Bitcoin is much higher?

XRP is fast growing coin in the world and the best thing is this price is also very low. You can buy lot of SRP with low investment instead put all your money in bitcoin and even not able to buy one bitcoin. There is no doubt that bitcoin is acceptable worldwide and we have bitcoin ATMs in many countries and bitcoin will be the mainstream in the future but SRP is good for making money in the future.