Will Ripple prices tank because Ripple Co founder is continuously selling them

makishart

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Quote from: StephenJH on May 26, 2020, 05:12:14 PM

In my humble estimation every investor just wants to hold Ripple, there is a huge demand for Ripple. But as you above said if they start selling off Ripple, no doubt there will be an impact on Ripple, but not a big impact. For me Ripple is the best for holding long-term, it is really worthwhile to invest in Ripple.

Huge demand for what? The former of co founder ripple has started to sold his chunk and another big problem has come when the agreement for the lock up period of ripple foundation premined coin has already ended.
This coin has no future just more and more coins dumped anytime. it's not even the best choice for short or long term.

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In my humble estimation, every new investor just wants to hold Ripple, there is a huge demand for Ripple. But as you above said if they start selling off Ripple, no doubt there will be an impact on Ripple, but not a big impact. For me Ripple is the best for holding long-term, it is really worthwhile to invest in Ripple. I see the nonsense arguments about the centralization but come on people, which coins are decentralized are the altcoins no one has intention to invest. The people and CEO behind the Ripple project did their best for making new partnerships with Moneygram and they are successful now. What about the competitors? Which side of the X competitor is better than this partnership news of Ripple?

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Quote from: Juggy777 on May 04, 2020, 08:14:07 AM

According to the article link quoted below Ripple Co-founder Jed has been continuously selling his ripple coins, and in April he sold around 54 million worth ripple coins. It’s also pertinent to note that he’s given a statement where he says that he’s indeed selling them, but he has no intention to harm the coin or the market. However would you be comfortable to hold onto such a coin, because I’m starting to have second thoughts about holding them. Further what do you’ll think of his sales will it indeed harm ripple, or it won’t have any negative impact on ripple prices in the long run.

Quote

Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity.

McCaleb told Cointelegraph that he has been selling his XRP “at a slow, steady rate” and has no desire to “negatively impact other companies in this industry.”

Source:

https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

On the big scheme 54 million is not really a lot of money for ripple and if he is selling those coins in order to help the future development of the coin then it could be acceptable that he is doing such thing, but if all or even the majority of that money is going to his wallet just to enrich himself then that is without a doubt a problem because if this continues people are going to see this as a clear message that one of the founders of ripple doesn't really trust in his coin and could eventually push the price down.

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Quote from: bitkanu on May 04, 2020, 05:19:23 PM

Quote from: akhjob on May 04, 2020, 01:32:55 PM

Quote from: FireBallex on May 04, 2020, 09:32:41 AM

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Ripple as a company is doing good by selling XRP tokens to financial institutions and partnership acquisition. They actually don't care about the XRP holders and constantly release XRP into the market. It seems that over 63% of the XRP Telegram community members have left and some unhappy holders seem to have threatened to fork XRPas per decrypt. So XRP is definitely not a good asset to hold long term.

I ask you now when ripple was doing an agreement to sell XRP coin to the financial institution? AFAIK what has already sold by ripple was the xrapid or in this case related to the ripple technology (e.g. ripple blockchain)
The financial institution will never buy such security coin like XRP coin. Where are you getting that news or rumour?

It's just old news. Brad Garlinghouse himself has admitted that they sell XRP to financial institutions at a discounted price back in 2019. You check the news here: https://cryptonews.com/news/ripple-is-selling-xrp-at-a-discount-to-some-institutional-bu-4645.htm
As you can see Ripple as a company is profiting and it's shareholders are profiting, the ones those who are left out are the XRP holders.

makishart

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Quote from: itsv on May 04, 2020, 05:42:10 PM

Quote from: crwth on May 04, 2020, 02:06:12 PM

If the owner/co-founder, doesn't seem to care about HODL-ing it long-term, why should users right? Maybe he just actively needs the money? If I already know that Jed McCaleb is constantly selling, I shouldn't be the one getting the dumped XRP's or something. If they planned to re-buy it back why not, but I don't think they will though.

Well at the moment Jed Macaleb is CTO of stellar.... so why would he care about its only competitor ripple? Talking about selling it was all agreed upon that he would not dump all at once but rather do it in slow and steady manner so that it doesn't effect the market. Check out this cointelegraph article.

Jed is gradually dumping his coin to the market. He was no dumping it at once caused by he is also feeling worry he sold his coin at cheap price. Jed is not the only party who has been selling the preminedcoin from ripple but the foundation itself is always selling.

The problem is not only jed but the company itself.

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I still have a doubt about this Ripple to go break a leg for their prices. Even after the Bitcoin halving I doubt they would break the $2 ATH that's why I am slowly getting myself back from them since the price they show in the past is not that promising to me anymore. This is the difference of a centralized cryptocurrency.

itsv

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Quote from: crwth on May 04, 2020, 02:06:12 PM

If the owner/co-founder, doesn't seem to care about HODL-ing it long-term, why should users right? Maybe he just actively needs the money? If I already know that Jed McCaleb is constantly selling, I shouldn't be the one getting the dumped XRP's or something. If they planned to re-buy it back why not, but I don't think they will though.

Well at the moment Jed Macaleb is CTO of stellar.... so why would he care about its only competitor ripple? Talking about selling it was all agreed upon that he would not dump all at once but rather do it in slow and steady manner so that it doesn't effect the market. Check out this cointelegraph article.

CaVO32

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Quote from: minairia3 on May 04, 2020, 10:11:12 AM

Quote from: Bananington on May 04, 2020, 09:27:30 AM

Ripple co-founder selling off his coins will definitely have short term impacts on it, but not long term impacts. The main reason why i dumped half of my XRP bag for ETH was because of this news, so if other people have similar mindset like me then more people will dump this period. However, the co-founder dumping his huge bags might live to regret his actions in future if price skyrockets.

This is not true. Of course it will have an effect on other investors knowing one of the team is dumping his share of xrp on the market.

I dont want to judge them why they are selling their shares but this is not a good sign for ripple. How come a team member sell his token out of money? Obviously they are tryinf to manipulate the market then will pump again when the price already damage by their dumping.

I will stay away with xrp as this coin is highly manipulated not only by the whales but also their own team.

Quote from: crwth on May 04, 2020, 02:06:12 PM

If the owner/co-founder, doesn't seem to care about HODL-ing it long-term, why should users right? Maybe he just actively needs the money? If I already know that Jed McCaleb is constantly selling, I shouldn't be the one getting the dumped XRP's or something. If they planned to re-buy it back why not, but I don't think they will though.

Actively needs the money? I don't think so. That's a lot of money to hold. Maybe, he doesn't believe in XRP anymore. So if one of the pillars of the coin is doing such action, crypto users should be very vigilant on this. Either stay away or buy the dump, you need to assess their situation. As a highly manipulated coin, I think this is not safe to invest on, as mentioned also by minairia3.

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Quote from: akhjob on May 04, 2020, 01:32:55 PM

Quote from: FireBallex on May 04, 2020, 09:32:41 AM

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Ripple as a company is doing good by selling XRP tokens to financial institutions and partnership acquisition. They actually don't care about the XRP holders and constantly release XRP into the market. It seems that over 63% of the XRP Telegram community members have left and some unhappy holders seem to have threatened to fork XRPas per decrypt. So XRP is definitely not a good asset to hold long term.

I ask you now when ripple was doing an agreement to sell XRP coin to the financial institution? AFAIK what has already sold by ripple was the xrapid or in this case related to the ripple technology (e.g. ripple blockchain)
The financial institution will never buy such security coin like XRP coin. Where are you getting that news or rumour?

crwth

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If the owner/co-founder, doesn't seem to care about HODL-ing it long-term, why should users right? Maybe he just actively needs the money? If I already know that Jed McCaleb is constantly selling, I shouldn't be the one getting the dumped XRP's or something. If they planned to re-buy it back why not, but I don't think they will though.

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Honestly I would have expected it to tank already, not like right now or a week ago, I was expecting it to tank for 5 years now, it never really does. I do believe one of these days xrp going to be worthless, but until that moment people will just keep on trading it for the simple reason that it is just high on the list. That is literally the only reason, if it was 47th biggest coin and owner decided to sell bunch of his coins, it would have tanked like crazy, would be gone out of the map in a second, but since it is not like that, I really don't know what we can do about it.

There are so many shills as well, like this is a centralized currency with an owner who gets to sell whenever he wants, why do you shill? Are you getting paid? If not this is just sad.

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Quote from: FireBallex on May 04, 2020, 09:32:41 AM

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Ripple as a company is doing good by selling XRP tokens to financial institutions and partnership acquisition. They actually don't care about the XRP holders and constantly release XRP into the market. It seems that over 63% of the XRP Telegram community members have left and some unhappy holders seem to have threatened to fork XRPas per decrypt. So XRP is definitely not a good asset to hold long term.

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I do not think it will tank the price but definitely it will cause much more difficulty for bulls to become dominant because of constant selling from team but i am sure they would have a strategy where market is not effected negatively, may be they are selling directly to investors at otc prices because they need to run the company and pay salaries so i do not think that they will stop selling their coins especially when they have billions in their custody.

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I think they are smart to slowly release the coin so that the market can absorb it. Unless XRP holders suddenly wake and realize that they have been manipulated, the price won't tank anytime soon.

XRP army should realize the price won't pump if insiders keep dumping the coins, and I believe they will give up sooner or later.

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Quote from: FireBallex on May 04, 2020, 09:32:41 AM

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Such trade are not directly on exchanges, they give average price to exchanges and they stagger such trade in the market at different prices and quantity. The only lick for the trade must have been the wallet withdrawal. This bulk trade started last year and I suspect a form of exit scam maybe to fund another project in space.

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Quote from: Juggy777 on May 04, 2020, 08:14:07 AM

According to the article link quoted below Ripple Co-founder Jed has been continuously selling his ripple coins, and in April he sold around 54 million worth ripple coins. It’s also pertinent to note that he’s given a statement where he says that he’s indeed selling them, but he has no intention to harm the coin or the market. However would you be comfortable to hold onto such a coin, because I’m starting to have second thoughts about holding them. Further what do you’ll think of his sales will it indeed harm ripple, or it won’t have any negative impact on ripple prices in the long run.

Quote

Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity.

McCaleb told Cointelegraph that he has been selling his XRP “at a slow, steady rate” and has no desire to “negatively impact other companies in this industry.”

Source:

https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

It doesn't really matter if the owner is selling off his holding in the market, but Ripple is not worth holding. Even if the owner does the opposite of selling. If you are aware of Ripple's business model and their escrow releases, you would want to immediately come out of Ripple. Read the below link from Ripple website,

https://ripple.com/insights/explanation-ripples-xrp-escrow/

Now do some Google search to know the ground realities. I am sure you will understand why Ripple is not good for HODL. It can be a good asset for speculators but definitely not for long term HODLers.

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It has a bad effect to the entire economy of Ripple. This is like the action of Charlie Lee selling most of his stash in Litecoin during 2018 and he's aware that there's an upcoming bear market so there's a clue from him warning us.
But, I don't think that this is like a warning from Jed but he's obviously selling it on purpose because there is a personal thought that only him can know about the status of Ripple.

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WTF, how much coins owned by jed? i have been seeing Jed has been selling his token since a long time ago and it's not yet stopped.
As long as those ripple believers can even sell their house for ripple and the price will never be dumped.

Jed will always send more and more coins to the market while at the same time multi-billion ripple coins were getting unlocked from the ripple escrow.

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Quote from: Bananington on May 04, 2020, 09:27:30 AM

Ripple co-founder selling off his coins will definitely have short term impacts on it, but not long term impacts. The main reason why i dumped half of my XRP bag for ETH was because of this news, so if other people have similar mindset like me then more people will dump this period. However, the co-founder dumping his huge bags might live to regret his actions in future if price skyrockets.

This is not true. Of course it will have an effect on other investors knowing one of the team is dumping his share of xrp on the market.

I dont want to judge them why they are selling their shares but this is not a good sign for ripple. How come a team member sell his token out of money? Obviously they are tryinf to manipulate the market then will pump again when the price already damage by their dumping.

I will stay away with xrp as this coin is highly manipulated not only by the whales but also their own team.

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Quote from: FireBallex on May 04, 2020, 09:32:41 AM

He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

I do not think so, the slow sale may not make the price of xrp plummet but that is the present, there is no guarantee it will later. As an investor I will not hold XRP because there are billions of XRP held in focus ready to be released into the market.

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He sold 54million ripple and still I can't even noticed any huge dump in ripple price, hell yeah ripple is not a bad coin after all, it's a good coin worth holding for long term.

Bananington

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Ripple co-founder selling off his coins will definitely have short term impacts on it, but not long term impacts. The main reason why i dumped half of my XRP bag for ETH was because of this news, so if other people have similar mindset like me then more people will dump this period. However, the co-founder dumping his huge bags might live to regret his actions in future if price skyrockets.

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As long there are investors willing to take Ripple from his hand and there is a demand for Ripple, it won't impact Ripple prices. It was not uncommon for founder or chairman to selling their stake in stocks of their company. Though to make sure that action not sending the wrong signal toward investors, they could secure a deal with someone to overtake their bag. From what I saw, Jed McCaleb didn't do this so I think Ripple prices only be impacted if he dump a lot in one goes.

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According to the article link quoted below Ripple Co-founder Jed has been continuously selling his ripple coins, and in April he sold around 54 million worth ripple coins. It’s also pertinent to note that he’s given a statement where he says that he’s indeed selling them, but he has no intention to harm the coin or the market. However would you be comfortable to hold onto such a coin, because I’m starting to have second thoughts about holding them. Further what do you’ll think of his sales will it indeed harm ripple, or it won’t have any negative impact on ripple prices in the long run.

Quote

Ripple co-founder Jed McCaleb sold more than 54 million XRP in April and still has billions left to sell, according to his wallet activity.

McCaleb told Cointelegraph that he has been selling his XRP “at a slow, steady rate” and has no desire to “negatively impact other companies in this industry.”

Source:

https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

Topic: Will Ripple prices tank because Ripple Co founder is continuously selling them (Read 257 times)