Just a small concern I thought I might voice, based only upon...

  1. BDI
    170 Posts.
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    Just a small concern I thought I might voice, based only upon several happy years in the Crypto space and plenty of profits. Regardless of some comments on this thread, BTC is the the one to invest in and the one to trust (to a point).

    Now, that's not say there is no value in other Blockchains, such as SOL, EOS (chuckles), DOT and a couple of others, as the technology is solid and has real world use potential. However, Im seeing a lot of hype about XRP which really is flashing up memories of the infamous DOGE coin and our mate Elon Musk.

    Just in case you wasn't there, over the course of about a year, Elon drip fed the Crypto community, with a taste of what DOGE could become. The teasing intensified throughout the beginning 2021, as Elon sang louder and louder about the merits of DOGE coin, until that fateful day, May the 8th 2021, where he crashed the lot, just as DOGE was about to hit the mighty 1USD.

    Prior to the 8th of May, Elon had a lot of influence in the crypto space and his opinions were in the main, highly respected. After the 8th of May, it was said that no one would ever trust Elon again when it comes to crypto and to be honest, most of us don't. People new to crypto may do, but smart people don't listen to Elon, when it comes to crypto currency advice.

    However! Elon's new mate Donald has been pardoning a number of cryptos, ADA, SOL, BTC and of course XRP (or Ripple if you like). Ripple has in fact, received so much love lately, my spider senses are beginning to tingle. I see billions of dollars being poured into it by 'Mum & Dad' investors, who haven't got a clue and I'm getting Déjà vu just writing about it.

    As trump continues bestowing his blessings on the likes of XRP and ADA, both of whom have very chequered pasts, one has to wonder at what stage, he is going to bring the entire house cards, crashing down. Much like Elon, you can be sure that Trump (or a relation) is buying up and has bought up, lots of XRP and at some stage is going to slowly start selling it off, by several private wallets. Once they have cashed in (and I don't doubt that Elon is pulling the strings), down it will all come, dragging BTC with it. And that will be the end of XRP.

    Good news is, BTC will survive, but we are back down to $40k again or less and the slow crawl back up starts again.

    But what do I know?
 
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