Today I want to continue my glorious blog journey and talk about another crap coin.
Ripple XRP
Now that I have your anger and rage going here a quick statement: It made me a lot of money and for that I love Ripple, BUT it has infinite supply! So what is the whole point?
If I want printed coins off the shelf I can stick with paper currency. Just look at the amount of coins that are out there, the number is just insane.
But on the other hand, it is a great real world example that shows how messed up our flimsy papers are.
Here a quick pic of my cat to get your mood in order, do not upset the cat!
.. I am a dog person.
Couple of days ago I talked to my peers that they should skip ripple, and of course, as always, it sky rocketed.
Fun fact, no matter what I say, do the opposite and you'll be rich.
Ok, so what happened? There is 0 reason for the increase (at time of this writing). The downtrend was of course due to bitcoins dramatic increase. What a drama queen.
My 2 cents, people are just dumb as fuck. I learn that day after day. Oh god, never work in sales. And if you are one of those dip shit stupid twat customers, one day I am your clerk and I am your match.
I'd think people look at the top 10 of coins, oh ripple, great, buy some, sounds great, must be good, is in top 10.
You can also see by the immediate dip that people ejected.
The project is backed by google, so that's great, but also keep in mind the settlement that is still a thing.
Ripple Settles $1 Million Lawsuit With Former Executive and Founder
Sounds all very dodgy to me, lots of dirty laundry and I bloody hate doing laundry.
So what did we learn today?
- nothing, thanks for wasting my time
- ripple sucks cause it has infinite supply
- it's meant for interchange between banks and therefore should have a steady value (oh snap, the most important thing and the dumb shit didn't mention it anywhere, thanks dick)
Hope you had a great day, now go to walmart and smash some milk on the floor, twat.