The crypto winter is (probably) over.
Thank God. 🚀
Flowers are blooming, birds are chirping, and the bull-tards are thawing out and swinging their dicks like giant clubs on the heads of the remnants of the bear market. They are gobbling up tokens like it's a game of Hungry Hungry Hippos. The price is looking better in most markets than it has in a while. FOMO is teeming across the kingdom.
The only exception to this, of course, is when the asshole mega bears over at the CME short the fuck out of BTC at the beginning of the month but I can live with that. If you can't beat them, join them. Pro tip: They usually come back around in 3-5 days.
I've got a healthy long position out near the low of the week and feel good about it for now.
I've been spending my time reading various crypto sources. The main one here is Reddit as it has been strongly correlated with price. The most talked about coins on Reddit are BTC, ETH, and XMR.
But I've also been noticing a fucking heaping helping of RIPple shilling, in various corners of the internet.
I can't decipher it.
What's so appealing about XRP?
Posts ladened with titles like, "TOP TREE CRYPTOZ TO GAINZ IN 2020 GUISE", all seem to be enamored with what I consider to be a lackluster endeavor.
Sure every coin has its use case, but ripple is legit a bank coin. Isn't that what Lord Nakamoto was trying to guard us against?
Maybe that's the rift between us old school cryptonauts and this new generation. They want to resemble something that looks similar to the mainstream status quo.
They want some crappy money transfer system to make our oligarchs more efficient overlords, or maybe they're just after some "sick gainz." Do people realize if the coin gains too much value that most financial institutions won't want to use it? Or that the whole purpose, avoiding remittance costs, will be passed on in the form of the bank charging us a premium for using XRP?
In case you're one of these XRP guys, and you've been around a while, I'm sorry, but I hope that you noticed that it was pretty much impossible to lose last bull run. Please don't feel like Grandmaster Crypto, King of the shills because you bought up some Titcoin and made 40 cents net profit.
It's not a good look.
I know people personally that huff spray paint that picked the "right" investment.
Then again, though, maybe I'm wrong. Perhaps all of this hype is warranted. Even more likely, all of this crypto thing could be pure hype anyway. I mean we've waited years these "killer apps," and only a few have risen. Maybe XRP will be the thing that breaks through. I'll perhaps resemble something like a tired old bitter man telling stories of how "back in my day" we were all Bitcoin maximalists because we only had BTC. We had to walk three miles to school, and transactions took 3 hours at times.
Either way, I'm giving XRP a hard pass.
I'm interested in a few right now: ETH, ETC, MET, STEEM, and EOS. Possibly Cardano.
Call me old school.
The art above is mine. If you like it enough feel free to give me all of your magic internet money.
ETH address: 0xACBb92a5c59a5fC8dCeD8bF0fa8ae34b34936EFA
Steem address: @kryptik
How do you all feel about XRP?