Promisedreturns
An important lesson...David Schwartz has a quora profile, I am not 100% sure it is him but I think it is. This is where he made this quote.
He has been with ripple for 7 years I think? He has a long experience with markets and understands how euphoria exists.
Hard to believe he did not expect to profit from FOMO and sell his bags once ripple got big.
The entire founder team, they're posting pictures of them partying, at expensive places, et cetera.
Just like Charlie Lee and Vitalik, they tell people "there are risks watch out" to protect themselves but very well know people won't listen.
And then just like Charlie Lee and Justin Sun they shill the ponzi and then dumb.
This guy, David Schwartz, he is not even dishonest. That's the craziest thing.
They openly and kindly share advice, in his case he is very active on twitter and quora and answers questions regarding crypto ripple (ofc) fx stocks, trading.
They are just so bold about it, I love it! XD Had to share.
People buying ripple bags are REALLY asking for it.
Even the founders are telling you to calm down...
It's really great to short xrp because you have the founders and the team on your side ;)
I know baggies really love their bags, but "averaging down" rarely works, it's what absolute cretins do.
You might luck out once in a thousand, but do you really want to risk everything and more?
Now I am not telling bagholders that are very attached to their worthless bag of feces to sell.
Hold on if you want. But if ripple goes way up as you dream of, you'll make alot of money right?
What would buying more change?
Just means much bigger risks because you can't handle being in the red and want to "scale down" and coumpond on your loss.
So don't sell, hold your bags. But I have to recommend simply not buying more than you can afford to lose.
Do not go all in ripple or crypto (being 150% in crypto but not more than 5% in any single crypto is NOT smart diversification...you're fully exposed), do not borrow.
Ripple bagholder will really have no one to blame but themselves.
And in some cases, certain people that are super cocky and call themselves "legends" and "master of charts" and put 25% of their money in this, it will be very hard not to laugh!
