Why are we cursing Ripple and the escrow release of XRP every month? Is that not the plan? That is the schedule; that is what is going to happen, an orderly release of more XRP every month over the course of years. If only Congress and the Fed were as reliable. (Oh, wait, they kinda are.) In the meantime Ripple is supposed to grow their business to keep up with the demand. Indeed, some of the XRP goes back into escrow (for another 5 years, I guess, according to demand maybe), so...this is not a flash-in-the-pan; no matter how many people bemoan the plan, I think they are sticking to it.
There are (sorry, MS) not 2000+, but 3000+ cryptocurrencies and tokens out there. If I knew how to create one, there would be one more than there is now. Many are competing to simply be the flashiest flash in the pan. From what I can tell, XRP will never be that. If you were hoping it was a get rich quick scheme, you already know it is not, certainly not the get rich quickest.
I first learned of Bitcoin 7 years ago when it was $12 per. I immediately knew I wanted some, but did not put in the effort to get some then. It was not as easy as buying 100 shares of JP Morgan and heck, I have only had a smart phone for 4 years (the same one, I might add). Smart phone or not, I sure wish I had put in the effort. I would not be a millionaire, since I would have taken some profits at $48, quadruple my coulda-shoulda-woulda entry point (I want to say that was during the Cypress crisis, but I may be miss-remembering the Fiat and Banks Suck timeline), and again whenever it hit $1200 (100 times my Oh, Man, If Only I Had Bought Back Then price), little knowing it would reach ten times that.
So, as it turns out, yes, I could have been playing-with-the-house’s-money quick, within a year of Bitcoin entering my consciousness, but get rich quick? You had to patiently wait from the high of late 2013 until 2017 for new highs, and highs beyond our wildest dreams.* Would I have had the patience to continue to accumulate BTC all that time, at the pace that I have been accumulating XRP for only a couple of months? (Or even at the pace I have been on since my bank said, “Hey, Sparky, only six transfers per month.”) : - )
*Now we are all dreaming. (“Such-and-such coin will be the next Bitcoin!”) Good luck with that. You can be patient (or not) with this or any other currency you diversity into. The market will barely notice, and not give two plugged nickels if your patience is wearing thin... unless of course you are a huge BTC whale.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
