Edo Farina, CEO of Alpha Lions Academy, warns XRP investors via According to him, short-term thinking can cause investors to miss out on valuable long-term gains.
Massive sale at $10
Farina expects that as many as 95% of XRP investors will sell their tokens once the price reaches the psychological level of $10. He warns that this short-term thinking may deprive investors of the opportunity to take full advantage of XRP’s long-term value and growth potential.
As an example, he cites investors who sold their XRP earlier this month when the price rose to $0.80. Many of these retail investors assumed the surge was temporary, a misconception that is more common in the crypto market.
However, against these investors’ expectations, XRP continued to rise. The price broke the $1 mark and is now even approaching $2, with a current trading price of $1.90. As a result, investors who sold their positions too early saw significantly less profit than those who patiently held on.
“Remain patient and think long term”
Farina encourages crypto investors to remain patient and hold their investments for long-term growth. He emphasizes the importance of a long-term strategic view and warns against the temptation of quick profits, which he believes can limit the chance of significantly higher returns in the future.
In his optimistic forecast, Farina even predicts that XRP might even reach a value of $10,000 in the distant future. He argues that selling XRP at $10 would be a missed opportunity for much bigger profits in the long term.
Criticism from the community
Not everyone shares Farina’s view. In the comments on his post, several community members emphasized the importance of strategic profit-taking.
Community member Dexter Douglas stated that “everyone has their own definition of life-changing wealth.” He advised investors to sell some of their tokens when it suits their personal financial goals, but also to keep a so-called “moon bag” for possible future growth.
Conclusion
The discussion surrounding XRP highlights the diverse strategies and visions within the crypto market. Whether investors opt for patience and a long-term strategy, or for strategic profit taking, largely depends on their personal financial goals and risk appetite. What is clear, however, is that XRP remains one of the most talked about and controversial assets in the crypto market.
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Source: https://newsbit.nl/edo-farina-waarschuwt-xrp-houders-niet-verkopen-bij-10/
