Technical Director Ripple David Schwartz remembered about selling your cryptocurrency Ethereum at a price of about $1,05 in its early years.
He explained that the decision he had made, which was undoubtedly hasty, reflected his understanding of the risk at the time. He genuinely didn’t believe that he had Ethereum There is a real chance that the price will rise to more than $2000.
Schwartz emphasized that even a small belief in future potential Ethereum would have made him completely reconsider his decision. Moreover, even 1% certainty in such an outcome would have convinced him to keep Altcoyin.
His followers and members of the crypto community were surprised that someone associated with blockchain innovation could part with ETH so early.
Schwartz, in turn, answered, that it all comes down to his personal risk appetite. Apparently, it’s extremely low, since he’s cut most of his direct investments in XRP, since his shares Ripple already provide him with a good reward.
In the absence of shares associated with Ripple, Schwartz would have more incentives to invest in various cryptocurrencies. Incidentally, those he previously owned XRP were purchased using Bitcoin.
Replying to attacks from criticsSchwartz noted that the sale of digital assets does not harm the community, but rather gives investors access to equal opportunities.
In his view, investors should act in accordance with their personal financial interests, and it was this philosophy that first attracted him to Bitcoin-community.
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