Brother Brother of the businessman Grant Cardone, Gary Cardone has a lot of experience in the investment, announced that he sold his full position of XRP for a price of $ 2.71. Today he aware In X, Cardone, which is based on its 40 years of financial experience, mentioned its six personal investment rules as the driving force behind its departure.
In its publication, Cardone told XRP investors that they want “stupid rich,” but admitted that he does not believe that happens. “My best hope is for each of you,” he continued.
The chargebacks911 co -founder criticized the aptitude of some investors to focus on the price instead of intrinsic value.
“Avoid people who know the price of anything but the value of nothing. Never confuse short -term noise with an investment/long -term plan/target. “
American explained how it avoids assets with an unclear supply and demand dynamics, except if it has a significant advantage. He also declared that he chooses to avoid whether an investment cannot be “drawn on a board.”
His last point supported his philosophy to avoid the mentality of the flock, asking investors to move away from the popular market trends.
“Never follow the crowd … great wealth comes from long -term consolidated bets,” he concluded.
The XRP community replies:-
An X user who will go through the Vantozio pseudonym, argued that investors without education have unfairly ruled out the XRP community. Cardone’s statements attracted an overwhelming number of thumb -to -down responses from XRP supporters. When setting up the accusations, he wrote: “We have maintained through years of a demand for the SEC that was undoubtedly a false and mislead The agency that points to Ripple.
Other people questioned why the businessman bought XRP, criticizing him for breaking the rules he had listed. A disappointed XRP defender said: “You published those rules … but bought at some point … you don’t even follow your own rules.”
In December 2020, the question of the nature of XRP, especially with respect to centralization, began to speak, when the SEC filed a claim about Ripple for offering token to investors as security.
Gary states that because Ripple selects these nodes, controls the network. However, one argues that the entity does not control all validators.
The user demonstrates that only 2% of XRP validators are property or operated by Ripple. Ripple gives reasons that the XRP network is much more decentralized than BTC and ETH.
Jason Calacanis Angel investor declared in a very “
Jason Calacanis predicted that “there will be chaos in the markets as a million startups, funds and taps begin to throw 50% of their coins in retail trade while they sell 50% that they possess and control.”
Jason Calacanis ended his position by saying that XRP should be limited to those investors who completely understand the risks associated with the Token.
