Ripple (XRPUSD)

[GreedyAgorist]

Anyone still here is a bona fide HODLer -- after all we have been through the last few years. I, too, have only bought XRP and never sold any. (Lost half thanks to Cred, but never cashed out.) That is why I have some SGB, a little SOLO, and even a tiny bit of Flare's ExFi. All three of those tokens are cheaper than they were yesterday, not to mention down from when they dropped. Indeed, if I took the taxes I paid for the SGB we got in December 2021, and bought more SGB today, I would increase my bag by 650%. (Thanks, Uphold, for that inflated 1099.) But why would I? Is there even a point to Songbird now that Flare is finally here? At least I can easily stake my FLR with the exchange that participated in the snapshot 25 months ago.

My point is that airdrops are for suckers, and seem to be more trouble than they are worth (even in a bull run, which is what we had at the time of the snapshot, but not so much now). While Crypto Eri was raising a glass of pink sparkle every time a new token for XRP holders was announced, an even slightly adept trader would have sold XRP into the rally leading up to the airdrop date of December 12, 2020 and then bought back in much cheaper days later. (And then regretted getting back in so soon, when the SEC dropped the hammer tens days later, but that is another story.)

That hypothetical trader could have his cake and eat it, too; that is, have XRP plus these four dropped tokens (if even interested in having any of them). True, those freebies would not be free to him. Yet, in a sense, they would actually be cheaper than free, since the price difference from pump to dump would more than cover the cost of them all. Or he would just have fatter bags of XRP. (And isn't that the goal?)