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Ripple’s David Schwartz: I Have Been Selling My Bitcoin Due to Its Level of Risk

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David is quoted as selling off his bitcoin holdings over the years.

  1. Just how many did he have if it is taking him years to sell off?
  2. why has he been selling off his XRP if he has been earning big profits from BTC sales.

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26 minutes ago, WarChest said:

David is quoted as selling off his bitcoin holdings over the years.

  1. Just how many did he have if it is taking him years to sell off?
  2. why has he been selling off his XRP if he has been earning big profits from BTC sales.

Does knowing the answer about his plans make any difference on YOUR investment strategy?

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Yes, it does.

A wealthy Crypto savvy entrepreneur sells his stash of Crypto, may make me reduce my exposure.

Don’t you find it interesting?

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2 hours ago, PlanK said:

 

He had two.

It's just with low TPS and long confirmation times that's how long it takes to actually do anything with BTC.

That’s not the full story though.  It wasn’t only the confirmation times.


 

He also had to keep selling the same ones repeatedly as the 65% of Miners in China kept resetting the blocks and undoing his transactions.
 

So don’t go making fun of Bitcoin just because it’s slow.  There are plenty of other things you can mention.  :) 

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Interesting how he sold so much of his XRP before he sold his Bitcoin. His market timing is improving.

XRP was about 35 cents when he last sold his last public batch.

https://cryptoslate.com/xrp-underperforms-ripple-david-schwartz-sell-holdings/

Wonder how much the other Ripple management have sold and whether they clung onto BTC longer to XRP.

Odd.

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17 minutes ago, xerxesramesepolybius said:

Interesting how he sold so much of his XRP before he sold his Bitcoin. His market timing is improving.

XRP was about 35 cents when he last sold his last public batch.

https://cryptoslate.com/xrp-underperforms-ripple-david-schwartz-sell-holdings/

Wonder how much the other Ripple management have sold and whether they clung onto BTC longer to XRP.

Odd.

Well in his own words, he needed to "de-risk" and he knows better than anyone how risky and uncertain an asset XRP is, so he got rid of it at around $0.35 which was a great move since its already halved in value and continues to drop.

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