XRP and Gold Have One Thing in Common, According to Trading Legend Peter Brandt

Mon, 03/02/2020 - 14:06
Alex Dovbnya
Criticizing gold or XRP is "the third rail" of Twitterville, says trading guru Peter Brandt
Cover image via twitter.com

At first look, it seems as though XRP and gold are hardly comparable. However, veteran trader Peter Brandt has found one thing that binds "The Standard" and the precious metal together — their militant Twitter communities.

In his new tweet, he says that posting negative comments about these two assets is the "third rail" of crypto Twitter.   

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A toxic community 

Everyone who dips their toes into crypto Twitter with an ounce of skepticism towards XRP has to be prepared to face the XRP Army that has some aggressive members. This is exactly what happened to UFC superstar Ben Askren who found himself in a pool full of piranhas when he alleged that the third cryptocurrency could be a scam

Brandt himself constantly gets attacked by members of the XRP community when he posts bearish price charts. Recently, he had to criticize them for their "rudeness" and "immaturity."

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Are gold bugs just as bad? 

While gold bugs tend to be more mature than crypto fans, some of them also don't hesitate to cause a stir on Twitter. Case in point: Euro Pacific CEO Peter Schiff who never misses an opportunity to duke it out with members of the cryptocurrency community. 

Meanwhile, both gold bugs and crypto proponents tend to negatively react to positive comments about equities, which they believe are in a bubble inflated by the Federal Reserve. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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