In a recent tweet, Edward Farina, the CEO of Alpha Lions Academy, shared a screenshot of a post by an account claiming to be Nathaniel Rothschild, the 5th Baron Rothschild.
The post reads: “When the bottom is in, many exchanges are closed, or the spread is so massive that you will miss the opportunity to buy cheap XRP. They are against retail. Screenshot this.”
Adding to his tweet, Farina said “Nathaniel Rothschild tried to warn us about $XRP years ago. His original account disappeared and was replaced with a fake one to cover up his old posts.”
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How True are Farina’s Claims?
The veracity of Farina’s claims cannot be independently confirmed. The social media platform X, formerly Twitter, is a breeding ground for impersonator accounts, and there is no guarantee that the account is a genuine account belonging to Nathaniel Rothschild.
However, Farina’s tweet highlights a common concern among retail investors in the cryptocurrency market, the “spread”. The spread is the difference between the bid price, the highest price a buyer is willing to pay for an asset, and the asking price, the lowest price a seller is willing to accept for the same asset. A large spread can make it difficult for retail investors to get a good price when buying or selling XRP.
In addition, some cryptocurrency exchanges have been accused of closing down trading during periods of high volatility. This can make it difficult for retail investors to exit their positions if they want to.
Farina’s tweet suggests that these factors could combine to prevent retail investors from taking advantage of low XRP prices. If exchanges are closed or the spread is wide, retail investors may be unable to buy XRP at the bottom of the market.
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It is important to note that Farina is the CEO of Alpha Lions Academy, a company with expertise in Blockchain, trading Cryptocurrencies and real estate investments. Some may question his objectivity in light of his financial interest in the cryptocurrency market.
Whether or not Nathaniel Rothschild ever made the statement about XRP is unclear. But, Farina’s tweet points to a legitimate concern for retail investors in the cryptocurrency market. The spread and the closure of exchanges during periods of high volatility can make it difficult for retail investors to participate in the market on equal terms with institutional investors.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.
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