Best of the Week
Most Popular
1. Ray Dalio: This Debt Cycle Will End Soon - John_Mauldin
2.Stock Market Dow Plunge Following Fake US - China Trade War Truce - Nadeem_Walayat
3.UK House Prices 2019 No Deal BrExit 30% Crash Warning! - Nadeem_Walayat
4.What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - Andrew_Butter
5.Stock Market Crashed While the Yield Curve Inverted - Troy_Bombardia
6.More Late-cycle Signs for the Stock Market and What’s Next - Troy_Bombardia
7.US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - Troy_Bombardia
8.TICK TOCK, Counting Down to the Next Recession - James_Quinn
9.How Theresa May Put Britain on the Path Towards BrExit Civil War - Nadeem_Walayat
10.This Is the End of Trump’s Economic Sugar High - Patrick_Watson
Last 7 days
Where is the Stock Market Santa Claus Rally? - 12th Dec 18
Politics and Economics in Times of Crisis - 12th Dec 18
Owning Precious Metals in an IRA - 12th Dec 18
Ways to Improve the Value of Your Home - 12th Dec 18
Theresa May No Confidence Vote, Next Tory Leader Betting Market Analysis and Forecasts - 12th Dec 18
Gold & Global Financial Crisis Redux - 12th Dec 18
Wow Your Neighbours With the Best Christmas Projector Lights for Holidays 2018! - 12th Dec 18
Stock Market Topping Formation as Risks Rise Around the World - 11th Dec 18
The Amazing Story of Gold to Gold Stocks Ratios - 11th Dec 18
Stock Market Medium term Bullish, But Long Term Risk:Reward is Bearish - 11th Dec 18
Is a Deleveraging Event about to Unfold in the Stock Market? - 11th Dec 18
Making Money through Property Investment - 11th Dec 18
Brexit: What Will it Mean for Exchange Rates? - 11th Dec 18
United States Facing Climate Change Severe Water Stress - 10th Dec 18
Waiting for Gold Price to Erupt - 10th Dec 18
Stock Market Key Support Being Re-Tested - 10th Dec 18
May BrExit Deal Tory MP Votes Forecast, Betting Market Analysis - 10th Dec 18
Listen to What Gold is Telling You - 10th Dec 18
The Stock Market’s Long Term Outlook is Changing - 10th Dec 18
Palladium Shortages Expose Broken Futures Markets for Precious Metals - 9th Dec 18
Is an Inverted Yield Curve Bullish for Gold? - 9th Dec 18
Rising US Home Prices and Falling Sales - 8th Dec 18
Choosing Who the Autonomous Car Should Kill - 8th Dec 18
Stocks Selloff Boosting Gold - 8th Dec 18
Will Weak US Dollar Save Gold? - 7th Dec 18
This Is the End of Trump’s Economic Sugar High - 7th Dec 18
US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - 7th Dec 18
The Secret Weapon for Getting America 5G Ready - 7th Dec 18
These Oil Stocks Are a Ticking Time Bomb - 7th Dec 18
How Theresa May Put Britain on the Path Towards BrExit Civil War - 7th Dec 18
How easy is it to find a job in the UK iGaming industry? - 6th Dec 18
Curry's vs Jessops - Buying an Olympus TG-5 Tough Camera - 5th Dec 18
Yield Curve Harbinger of Stock Market Doom - 5th Dec 18
Stock Market Crashed While the Yield Curve Inverted - 5th Dec 18
Global Economic Outlook after Trump-Xi Trade War Timeout - 5th Dec 18
Stock Market Dow Plunge Following Fake US - China Trade War Truce - 5th Dec 18
Subverting BREXIT - British People vs Parliament Risks Revolution - 5th Dec 18
Profit from the Global Cannabis Boom by Investing in the Beverage Industry - 4th Dec 18
MP's Vote UK Government Behaving like a Dictatorship, in Contempt of Parliament - 4th Dec 18
Isn't It Amazing How The Fed Controls The Stock Market? - 4th Dec 18
Best Christmas LED String and Projector Lights for 2018 - Review - 4th Dec 18
The "Special 38" Markets You Should Trade ebook - 4th Dec 18
Subverting BrExit - AG Confirms May Backstop Deal Means UK Can NEVER LEAVE the EU! - 3rd Dec 18
The Bottled Water Bamboozle - 3rd Dec 18
Crude Oil After November’s Declines - 3rd Dec 18
Global Economic Perceptions Are Shifting - Asia China Markets Risks - 3rd Dec 18
Weekly Charts and Update on Equity Markets, FX Trades and Commodities - 3rd Dec 18
TICK TOCK, Counting Down to the Next Recession - 3rd Dec 18
Stock Market Key (Short-term) Support Holds - 3rd Dec 18
Stocks Bull Market Tops Are a Process - 3rd Dec 18
More Late-cycle Signs for the Stock Market and What’s Next - 3rd Dec 18
A Post-Powell View of USD, S&P 500 and Gold - 2nd Dec 18
Elliott Wave: SPX Decision Time Is Coming Soon - 2nd Dec 18

Market Oracle FREE Newsletter

How You Could Make £2,850 Per Month

Cryptocurrencies Break Through $800 Billion, Led By Bankster Coin Ripple

Currencies / BlockChain Jan 07, 2018 - 06:45 PM GMT

By: Jeff_Berwick

Currencies

Once again, the cryptocurrency markets have surged to a new all-time high above $800 billion US, gaining over $200 billion in just four days time!


Bitcoin is again trading above $17,300 despite being the slow, congested, dysfunctional slow lane of cryptocurrencies on the digital highway as portrayed very well and in real time at txhighway.com

Bitcoin Cash, with its wide open spaces and uncongested lanes, also rose nearly 10% in the last 24 hours to $2,750.

However, even with the crypto market capitalization higher than ever, bitcoin is no longer nearly as dominant as it once was. Its dominance has fallen to 36% of the entire market.

This is one of the many consequences bitcoin has suffered as a result of its slow transaction times and high network fee.

But, the biggest contributor to the quickly rising cryptocurrency space has been Ripple which has soared from $0.22 a month ago to over $3 today.

But, is Ripple even a cryptocurrency? Should it even be included as part of the cryptocurrency market cap?

Central bankers and mainstream media cronies have been quick to promote Ripple as the cryptocurrency which is going to eventually “supplant” bitcoin.

For instance, there was recently an article published on MarketWatch that stated, “Ripple is considered the outfit with the most legitimate business model from a Wall Street perspective.”

And of course in their eyes it is. It’s the least decentralized major cryptocurrency out there right now.

The coin was massively premined… a no-no in cryptocurrency world. And still to this day, the majority of Ripple is still held by the company that created Ripple. And, with the price skyrocketing, Ripple founder Chris Larsen just surpassed Mark Zuckerberg to become the fifth wealthiest person in the world!

And all this for a coin that isn’t really decentralized, doesn’t really have a blockchain and that banks may intend to use for something as mundane as international transactions.

In other words, its the opposite of nearly everything we value in cryptocurrencies… and its why we have stayed away from it and continue to do so despite the massive gains.

And besides, in the end, the entire central banking and financial system will disappear entirely as cryptocurrencies make them obsolete. So, actually owning Ripple long term is incredibly risky as it depends on the banking system continuing to exist in the future… something that is highly unlikely.

We’ll happily stick to the cryptos that will take down the banks and governments. Even if it means slightly smaller gains for the time being. We’ve made fortunes on real cryptocurrencies in the last few years and expect to continue to do so.

Because of this, I should warn, that a number of fake “Jeff Berwick” and “TDV” Instagram, Facebook and Telegram accounts have been launched to take advantage of our notoriety.

Please stick to our official Facebook, Instagram and Twitter accounts and my personal Facebook account. And, we don’t have a Telegram account, so if you see TDV or “Jeff Berwick” there, it is fake.

You can get all our real recommendations, trades and analysis HERE.

Cryptos are absolutely the future of money, finance and banking. But, stay away from the phony bankster copycoins like Ripple and stick to the best decentralized blockchains that will engender a revolution in individual freedom & financial sovereignty leading to a restructuring of global economics and power, and a shift in favor of the people, rights, peace and liberty the likes of which the world has never imagined.

This is why we are in crypto!

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2018 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules