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.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5😁3👌2🤬1😐1👀1
XRP shillers,
Given XRPs zero long-term price growth once the spikes end and it returns to baseline,
Have you ever considered what would’ve happened if you just held e.g. $BTC instead?
= $XRP essentially all downhill vs $BTC in the past 6 years, since 2018
And that latest price spike?
That’s the TINY little green bump at the end.
Not even close to making up for the losses vs $BTC in the past 6 years.
$XRP has been a series of short-lived pumps that dump right back to baseline, for many years now, zero reason to believe this time is different.
Commie coin for commie sensibilities.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Given XRPs zero long-term price growth once the spikes end and it returns to baseline,
Have you ever considered what would’ve happened if you just held e.g. $BTC instead?
= $XRP essentially all downhill vs $BTC in the past 6 years, since 2018
And that latest price spike?
That’s the TINY little green bump at the end.
Not even close to making up for the losses vs $BTC in the past 6 years.
$XRP has been a series of short-lived pumps that dump right back to baseline, for many years now, zero reason to believe this time is different.
Commie coin for commie sensibilities.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯7
Have any other coins tried this $XRP-like strategy of using extreme short-lived pumps,
followed by quickly dumping back to baseline,
to attract buyers?
Yes, we have an example of this strategy being used from just the other day, on a much shorter timescale.
Whoever’s behind the $CLARK pumps was repeatedly pumping HUGE money into spiking $CLARK 5x to 10x, followed by dumping back to baseline, and then repeating.
Each time attracting gamblers hoping there would be just 1 more pump, to get a 10x.
This repeated 3 times, and then whoever was behind the $CLARK pumps just dumped it all the way to ~$0.
This will also be the 3rd major spike for XRP…
You do the math.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
followed by quickly dumping back to baseline,
to attract buyers?
Yes, we have an example of this strategy being used from just the other day, on a much shorter timescale.
Whoever’s behind the $CLARK pumps was repeatedly pumping HUGE money into spiking $CLARK 5x to 10x, followed by dumping back to baseline, and then repeating.
Each time attracting gamblers hoping there would be just 1 more pump, to get a 10x.
This repeated 3 times, and then whoever was behind the $CLARK pumps just dumped it all the way to ~$0.
This will also be the 3rd major spike for XRP…
You do the math.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀5💯1
Prediction market odds of $SOL hitting ATH this year now spiking to 74%
Though remember prediction markets have always horribly under-estimated the odds of crypto hitting the prices it has
Intuitively, the assumption of the betters is likely
(1) “if it was well known by the markets that the price would hit that level, then by basic rules of markets, then prices would already be at that level, minus minor TVL discounting”
(2) “But since market prices are not already at that level, and instead far below that level, then clearly the markets clearly don’t believe the prices will reach that level, and so if I believe markets are generally right, then I should bet that the odds of the prices reaching that level are very low”
= i.e. betters expecting future price increases to have been “already priced in”
= economist seeing a $100 bill on the sidewalk and saying that’s impossible, or else someone already would’ve taken it
Well, now 15 years since the dawn of bitcoin,
It’s now clear to anyone with a brain that the “already priced in” assumption was horribly wrong, and continues to be horribly wrong.
Now some retarded midwit or AI might respond with the excuse like “nah bro it just extremely uncertain and risky bro, trust me bro”.
No, BS, the markets were dead wrong, as wrong as the economist seeing a true $100 bill on the ground despite his denying the reality it exists.
So now high-time to characterize how the markets got this so horribly wrong, and continue to.
No doubt this has something to do with the extreme size of the numbers involved, relative to the entire current money supply.
E.g. consider extreme cases like:
What happens, economically, when something suddenly appears that is truly worth more than the entire current world money supply?
We can imagine there being things to prevent the global global wealth from just 10,000x’ing overnight.
What are those things? How do the rules of efficient markets slightly change in these kinds of extreme conditions?
IMO feels loosely analogous to physics at extreme speeds, where suddenly speed caused by some forces suddenly attenuates as speed nears a speed of light limit, and usual rules of physics change into those of the relativity realm.
Whatever the case, clear that the rules of markets change as you approach extreme conditions like this.
Wonder if anyone has ever characterized this extreme realm yet, or not.
IMO clearly that would explain the extreme, persistant underpricing of crypto markets,
— Much better than the current apparent solution of just yelling that the real $100 bill laying on the ground must just not be real.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Though remember prediction markets have always horribly under-estimated the odds of crypto hitting the prices it has
Intuitively, the assumption of the betters is likely
(1) “if it was well known by the markets that the price would hit that level, then by basic rules of markets, then prices would already be at that level, minus minor TVL discounting”
(2) “But since market prices are not already at that level, and instead far below that level, then clearly the markets clearly don’t believe the prices will reach that level, and so if I believe markets are generally right, then I should bet that the odds of the prices reaching that level are very low”
= i.e. betters expecting future price increases to have been “already priced in”
= economist seeing a $100 bill on the sidewalk and saying that’s impossible, or else someone already would’ve taken it
Well, now 15 years since the dawn of bitcoin,
It’s now clear to anyone with a brain that the “already priced in” assumption was horribly wrong, and continues to be horribly wrong.
Now some retarded midwit or AI might respond with the excuse like “nah bro it just extremely uncertain and risky bro, trust me bro”.
No, BS, the markets were dead wrong, as wrong as the economist seeing a true $100 bill on the ground despite his denying the reality it exists.
So now high-time to characterize how the markets got this so horribly wrong, and continue to.
No doubt this has something to do with the extreme size of the numbers involved, relative to the entire current money supply.
E.g. consider extreme cases like:
What happens, economically, when something suddenly appears that is truly worth more than the entire current world money supply?
We can imagine there being things to prevent the global global wealth from just 10,000x’ing overnight.
What are those things? How do the rules of efficient markets slightly change in these kinds of extreme conditions?
IMO feels loosely analogous to physics at extreme speeds, where suddenly speed caused by some forces suddenly attenuates as speed nears a speed of light limit, and usual rules of physics change into those of the relativity realm.
Whatever the case, clear that the rules of markets change as you approach extreme conditions like this.
Wonder if anyone has ever characterized this extreme realm yet, or not.
IMO clearly that would explain the extreme, persistant underpricing of crypto markets,
— Much better than the current apparent solution of just yelling that the real $100 bill laying on the ground must just not be real.
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯5👀5
DoomPosting
Wohooo 2.2M -> $220M on $BARSIK 100x 🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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^^ FYI probably a big part of reason why the $BARSIK coin has been pumping hard,
= On rumor of this interview dropping
Which by the classic “buy on rumor sell on news” rule
— would predict a dump on or right before the full interview drops
BUT
We’ve also entered into the golden bull, where the usual rules may legitimately not apply,
Not to mention that one may want to follow a strict policy of hold until binance or zero
Which is all to say
No idea, may your inner retard guide you
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
= On rumor of this interview dropping
Which by the classic “buy on rumor sell on news” rule
— would predict a dump on or right before the full interview drops
BUT
We’ve also entered into the golden bull, where the usual rules may legitimately not apply,
Not to mention that one may want to follow a strict policy of hold until binance or zero
Which is all to say
No idea, may your inner retard guide you
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
😁5👀4❤🔥2