Topic: ripple shot up.. why? - page 2. (Read 4215 times)

Are we already in the dump phase?

Nice money could be done on that p'n'd, although too risky for me. I would stay away from Ripple even if I had information about incoming pump, entire coin is too fishy.

The question is if the demand for XRP is because people buying it want to actually use it or if it just shot up because someone (or a group of people) bought up some in the hopes that the market moves upwards with them ("I don't know why it moves up, but there must be a reason for it that I just don't know yet! Buy, buy, buy!") hoping to sell as soon as the top is reached.

This is known as "pump and dump" (pump = buy stuff + move market up, dump = sell whatever you've bought at a profit). There are some risks with that strategy of course (if the market doesn't move with you, you'll end up with stuff you don't want and have to sell probably at a loss) and it is hard to tell at the time a market moves if it moves out of speculation, information or a mixture thereof.

So yes, the price is set by supply and demand. The question is, where that demand comes from: Someone who actually wants to own XRP or someone who just thinks that it's possible to move the market up to make a profit. The price would go up in either case, in the first case it might stay up, in the latter it would crash down to what people who actually want to own XRP think they're worth.

Isn't it simply demand & supply rule ? People are interested in ripple that is why it shot up or is it something else ?

These are good questions and don't seem to have been answered so far...

1. You can see balances of every account on Ripple (XRP + IOUs) if you for example query a full ledger and look at the contents, I don't think there are pages like http://bitcoinrichlist.com/ out there yet, they should not be too hard to set up though.

2. No, freezing is something the issuer of an asset can do (e.g. Bitstamp can freeze BTC or USD they have issued on Ripple) - if Ripple Labs issued assets (which they don't) they could freeze them of course, they can't freeze assets issued by someone else. XRP are not issued by anyone and thus cannot be frozen. Also you can set a (permanent!) flag in your account that prevents you from ever freezing any of your assets that you issue(d) with that account.

3. They get slightly more expensive. Currently one transaction costs about 0.12 XRP and 1 XRP costs about 1 cent, so while there is a cost, a Bitcoin transactions costs FAR more.

4. Stellar is a fork of Ripple which is currently struggling a bit to find their own way of doing things, Counterparty runs on top of Bitcoin which makes it inherently slow, NXT and Bitshares have an enthusiastic community but not yet a lot of use cases that I've seen (in comparison: you can get a Ripple-enabled credit card, you can send SEPA payments, Bitcoin transactions and US wires from within Ripple...). The biggest difference probably is that Ripple Labs has not only developers but also a business development team.

4. (again) - Consensus, the whitepaper was already linked: https://ripple.com/consensus-whitepaper/

Exactly, Ripple Labs own majority of the XRP.

Addressed here

I don't know but I am staying away from them!!

+1

All of the market cap spikes are due to previously un-distributed coins entering circulation.

XRP price itself has risen due to exchange activity. (where it is tracked/calculated)

I have seen a steady flow of good news, and see this rise so far as mostly a recovery from Jed cratering the price. If you look back to May 21 on the charts, you will see the impact of him announcing he would begin selling his XRP. Ripple Labs has since worked out a deal with Jed. Despite a steady stream of good news, such as bank and card integrations, the price has been slow to react.

It is less exciting to see this current rise as a recovery and delayed response to good news... but it lines up. XRP has been depressed, and Ripple is doing enormously well overall.

Definitely another scam trick.  Not as funny as when Ripple changed their available capitalization because BitsharesX temporarily overtook them.   

For those circulating FUD about the charts, I have responded here.

scam

WOW!


They are seriously manipulating the market getting noobs to invest in their snake oil.


BTW they can release the coins without affecting their price most likely because they gave it to "private investors". Ergo the market never really see them and these numbers (aka market cap) are meaningless for ripple.


They need to be flagged on all major marketcap websites.

Did they just "release" another 15 Million worth of their tokens?

Also how exactly to they release them in a way that is has no influence on price?
I already wondered about this on August 25, when their market cap somehow increased from barely 40 to 140 million USD. How does this work?

Nothing compared to  governments who print Billions a day out of thin air.

@OP = Why would you care ?

heyhey  now that is news, thank you for explaining. it is indeed easier to create a huuge marketcap out of thin air. they did not even spend money for ink and paper or a press

So just as an FYI to the new people here wondering why ripple is the second listed on coinmarketcap.





Man must be nice to create $100 million literally out of thin air 

Why did you not address my post?

There is only the pump.