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“I blinked… and lost millions”

Dave Portnoy, founder of Barstool Sports, shared something that many investors have experienced: he sold his assets in $XRP just before the cryptocurrency skyrocketed. In his words, “I sold and right after they went up. It reached $3.50. I blinked. I really ended up feeling unwell.”

Meanwhile, the market continues to be under pressure. Ripple will release another 1 billion of $XRP on August 1st, following its monthly schedule. Part of these tokens goes back to escrow, but another part is put into circulation, raising recurring doubts about the impact on price and possible manipulations.

The cryptocurrency fell back to $3.14, but analysts still see room to test the resistance of $3.50 again and, in a favorable scenario, even $4.00 — the former historical high.

Selling too early is a risk that does not always show up in the charts. Sometimes, the biggest pain is not the loss, but the profit that was missed.

And are you buying or selling?