It seems to me that the market cap of Ripple totally exceeds it's volume:
http://coinmarketcap.com/
Capitalization = $ 815,887,553
Volume = $ 68,099
Ratio = 11980
I have brought this issue up and most people just tell me that I am just stupid or uneducated. Whatever.
But this brings up my #1 rule for investing. Never invest in something I don't understand. I need to understood both the concept & how it fits into the big picture. I feel I understand Ripple, I just can't see it becoming mainstream. And if it did, I can't see how it's value wouldn't be diluted.
Bitcoin has a ratio around 476
Litecoin is just under 100
Dogecoin is around 68
Blackcoin & Zetacoin are running around a 10 and even they have a bigger volume than Ripple. I would trust them long before I would trust Ripple.
My crypto investments are 95% Bitcoin & 5% Dogecoin. I trust Bitcoin because of the huge decentralized network behind it's elegant algorithm. I trust Dogecoin because of it's adoption of a fast confirm time, tiny costs of each unit, the huge community backing it, and the fact that it's inflation rate from mining will drop to about 5% each year at the end of 2014.
I don't trust Ripple.
http://coinmarketcap.com/
Capitalization = $ 815,887,553
Volume = $ 68,099
Ratio = 11980
I have brought this issue up and most people just tell me that I am just stupid or uneducated. Whatever.
But this brings up my #1 rule for investing. Never invest in something I don't understand. I need to understood both the concept & how it fits into the big picture. I feel I understand Ripple, I just can't see it becoming mainstream. And if it did, I can't see how it's value wouldn't be diluted.
Bitcoin has a ratio around 476
Litecoin is just under 100
Dogecoin is around 68
Blackcoin & Zetacoin are running around a 10 and even they have a bigger volume than Ripple. I would trust them long before I would trust Ripple.
My crypto investments are 95% Bitcoin & 5% Dogecoin. I trust Bitcoin because of the huge decentralized network behind it's elegant algorithm. I trust Dogecoin because of it's adoption of a fast confirm time, tiny costs of each unit, the huge community backing it, and the fact that it's inflation rate from mining will drop to about 5% each year at the end of 2014.
I don't trust Ripple.