In case anyone is too lazy to click the link:
You know what would be hilarious? This announcement caused people to dump their XRP, then Jed just buys them all up for cheaper, without dumping a single of his own XRP
Quote
I plan to start selling all of my remaining XRP beginning in two weeks. Because I have immense respect for the community members and want to be transparent, I’m publicly announcing this before I start. So just fyi…. xrp sales incoming.
Thanks,
Jed.
Thanks,
Jed.
You know what would be hilarious? This announcement caused people to dump their XRP, then Jed just buys them all up for cheaper, without dumping a single of his own XRP
i think if that were true, it would sully his name and his brand.. so i'd like to see him try it. imo im not sure if i would announce something like that; what if he has to change his mind for some legitimate reason? if there were a reason to change his mind, he'd be in a no-win situation. either sell off your coins when you think it's not lucrative to do so, or hold onto your coins and face the wrath of the public.
It's stupid that I am the first to bring that up but here it is.
JED probably cares enough about his own money that he won't exhaust the order-book with his sales but essentially do it automated based on liquidity. Essentially, in his case prolonging the process of cashing out over his whole expected lifetime.
JED probably cares enough about his own money that he won't exhaust the order-book with his sales but essentially do it automated based on liquidity. Essentially, in his case prolonging the process of cashing out over his whole expected lifetime.
If he cared solely about his own money, the way to make the most would be to not tell people in advance.
wouldn't he draw criticism for dumping all, if not most, of his holdings?
