<p>The post <a href="https://coinpedia.org/news/ripples-xrp-advocate-john-deaton-shares-unprecedented-financial-advice-on-social-media/" rel="noopener noreferrer nofollow">Ripple’s XRP Advocate John Deaton Shares Unprecedented Financial Advice on Social Media</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Ripple’s XRP advocate, John Deaton, known for his outspoken opinions and insights on social media, interviews, and blog posts, recently took an unprecedented step. Breaking from his usual pattern of commentary, Deaton offered direct financial advice on social media platform X, focusing on the best time to buy XRP.</p>
<p>Deaton publicly provided financial advice in a remarkable departure from his usual posts, a move he had never made on this platform. This series of posts was initiated in response to a crypto enthusiast, Josh Butts, who claimed to have lost money due to Deaton’s previous posts about the rumored BlackRock iShares XRP Trust Entity registration in Delaware.</p>
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   <p lang="en" dir="ltr">Since I already lost money from your post… so did my friends I sent this to. <br><br>Pretty sus on your post anymore. <a href="https://t.co/yW5l7QdlrL" rel="noopener noreferrer nofollow">pic.twitter.com/yW5l7QdlrL</a></p>— Buttsinator (@buttsinator) <a href="https://twitter.com/buttsinator/status/1725174070776414305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 16, 2023</a>
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<p>Addressing this situation, Deaton stated, “I’m going to do something I’ve never done on this site: I’m going to give financial advice on how to profit off FOMO.” Using XRP as a case study, he referenced the recent false news regarding BlackRock’s XRP ETF filings, which led to a temporary surge and subsequent fall in XRP’s price.</p>
<h2 class="wp-block-heading" id="h-deaton-s-strategy"><strong>Deaton’s Strategy:</strong></h2>
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   <p lang="en" dir="ltr">Because of the post below, I’m going to do something I’ve never done on this site: I’m going to give financial advice on how to profit off fomo.<br><br>You don’t buy any asset based on the new “news” causing people to fomo. That’s when you SELL the asset. Let’s use XRP as an example. <a href="https://t.co/iw1lKEdLrB" rel="noopener noreferrer nofollow">https://t.co/iw1lKEdLrB</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1725690172396748837?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 18, 2023</a>
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<p>Deaton advises against purchasing assets based on “new news” that triggers FOMO, suggesting that such a moment is the time to sell. He explains that the smart move is to buy cryptocurrency before the onset of FOMO. For instance, before Judge Analisa Torres’ verdict in the Ripple-SEC case, the price of XRP rose sharply, creating an opportune moment for selling at its peak.</p>
<p>Deaton shares his strategy, revealing that he acquired significant XRP before Judge Torres’ announcement but hasn’t made any purchases since. He uses this and the BlackRock report incident to demonstrate the risks of buying fake news, emphasizing the potential for losses instead of gains.</p>
<p>John Deaton’s shift to offering direct financial advice marks a new approach in his social media engagement, providing his followers with specific strategies for navigating the volatile cryptocurrency market, particularly concerning XRP.</p>

Ripple’s XRP Advocate John Deaton Shares Unprecedented Financial Advice on Social Media

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