lawalkhalid 158 Posted June 29 Share Posted June 29 https://newslogical.com/ripples-david-schwartz-i-have-been-selling-my-bitcoin-due-to-its-level-of-risk/ Link to post Share on other sites
WarChest 390 Posted June 29 Share Posted June 29 David is quoted as selling off his bitcoin holdings over the years. Just how many did he have if it is taking him years to sell off? why has he been selling off his XRP if he has been earning big profits from BTC sales. Link to post Share on other sites
Dario_o 1,588 Posted June 29 Share Posted June 29 26 minutes ago, WarChest said: David is quoted as selling off his bitcoin holdings over the years. Just how many did he have if it is taking him years to sell off? 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? Link to post Share on other sites
WarChest 390 Posted June 29 Share Posted June 29 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? Link to post Share on other sites
PlanK 418 Posted June 29 Share Posted June 29 8 hours ago, WarChest said: Just how many did he have if it is taking him years to sell off? 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. WarChest, PunishmentOfLuxury, Cesar1810 and 1 other 2 2 Link to post Share on other sites
Dogowner5 2,585 Posted June 30 Share Posted June 30 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. Cesar1810 1 Link to post Share on other sites
xerxesramesepolybius 270 Posted July 4 Share Posted July 4 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. LetHerRip 1 Link to post Share on other sites
LetHerRip 1,077 Posted July 4 Share Posted July 4 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. Trisky and Scout 2 Link to post Share on other sites
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