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Degens Deteriorating
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Lots of memecoins suddenly down a bit in the past hour

Frontrunning a Saturday night dip of the majors?

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DoomPosting
Lots of memecoins suddenly down a bit in the past hour Frontrunning a Saturday night dip of the majors? 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
If so, would interpret this as the memecoin holders seeing $SOL & $BTC attempting and failing to breach ATH again

Ofc the memecoin holders could be completely wrong,

But that may be what they’re thinking

Saturday nights often feeling weak in crypto

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XRP holders coming out of their caves to sell at breakeven after 2 cycles

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PSA:

Now that the bull market is coming back, time to get retarded again, asap.

7 months of repeated lower-lows has put everyone into confidently bear mode,

Screaming “take profit” on every pump, and they were right on every single pump, for 4 pumps in a row… until suddenly they were not

Regime shift time

Shift fast or get rekt

Then shift back to bear fast in 12 months

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Occasionally, perhaps once per lifetime, there really is a $100 bill laying on the sidewalk,

Despite some economists saying this is simply impossible.

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They just move on to the next scheme

Their issue is never the issue

Their issue is always their communist revolution

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$233 $SOL

Nothing else budging much so far

hmmm

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Vitalik explaining what he did to the $ETH holders

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ETH holders when someone tries to help them with their underwater longs:

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What do I think of XRP price action?

Lady… have you ever seen the XRP charts?

Occasional ~5x spikes yes,

…But then immediately returning right back to the baseline where it started

NEAR ZERO LONG-TERM PRICE GROWTH

So what’s the point?

To get in on a quick gamble, with small upside and then try to dump before the spike collapses again?

YES

That’s exactly the point, to XRP’s supporters

= Because XRP is for communist gamblers who strongly believe crypto is fundamentally a scam, and believe temporary money shuffling price bubbles that quickly collapse are the best you can hope for, since supposedly crypto has no potential for real long-term value creation

HORRIBLE HISTORICAL RISK VS RETURNS PROFILE

A little ~5x max upside, in exchange for the risk of getting caught in the quickly collapsing wicks?

Essentially ZERO long term growth when it returns to baseline, over the past 5 years?

= XRP appeals to those who are communist gamblers at heart, believe crypto to be a scam, but want to try to make some money anyway

NO, THIS GARBAGE PRICE CHART DOESN’T APPEAL TO ME AT ALL

Total waste of time

Communist coin carefully engineered in every way appeal to the communist sensibilities

(And stereotypical feminine sensibilities, which essentially are synonymous.)

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