In a recent tweet, Finance veteran Gary Cardone shared that he had sold his entire XRP position at $ 2.71, so that a $ 80k portfolio was liquidated. With 40 years of experience in the financial world, Cardone explained the reasoning behind his decision, Putte from his tried investment principles. Although he wanted the best for the XRP community, he stated that his professional instincts led him to leave the token.
Cardone’s Tweet shared a screenshot of his sale, where he had discharged 30,000 XRP for $ 2.71. He wrote: ‘I really hope that the XRP army will get stupid. I don’t think you’ll do it, but my best hopium is for all of you. “Here are the principles that Cardone’s choice has led:
Arrange one: If the dynamics of supply/demand is unclear and you do not have a serious lead, stay outside.
Arrange two: If others cannot explain it clearly or draw on a whiteboard, avoid it.
Arrange three: do not trust people who know the price of everything, except the value of nothing.
Rule four: Do not confuse market noise with long -term investment goals in the short term.
Rule five: true wealth comes from long -term, consolidated bets and investments.
Rule six: Never follow the crowd – always trust your own judgment.
Despite the clear reasoning of Cardone, his decision was confronted with criticism from some in the crypto community. The host of the Good Morning Crypto Show said: “Everyone can do what they want, the time will learn if this was the right decision. The reimbursement about this ventures me that you understand the use case. ‘
Another critic replied: “Most of us do not have to understand how the phone works internally, we just have to know the basis.” They also suggested that XRP and XLM are ready to become the ‘banker tokens’, which implies that these assets can still have in the long term despite the exit of Cardone.
