As strange as it might sound to some of you, I own certain cryptocurrency assets that I genuinely don't care whether it moves higher or lower.
In particular, I have one altcoin with which I have a love/hate affair.
That, as you might guess, is Ripple...the so-called banker's cryptocurrency.
So why own it, then?
I'll be straight up with you...I only did it as a "FOMO hedge." That is, I bought because others that I know did and I didn't want to be left regretting if the thing hit the moon.
I know...this may sound weird to you, but I'm just being real.
Indeed, I'd rather Ripple (or what I jokingly call Cripple) just implode, never to rise again. The development team unashamedly label their project as the cryptocurrency that works with the banks.
Works with the banks!?!?!???
I...just...can't...
When I hear this, it's like someone saying they're prostituting for Jesus. It simply doesn't make sense on so many fundamental levels, the very definition of an oxymoron.
I hope it fails, I really do.