[XRP] Ripple Speculation - page 349.

ElitistCA

sr. member

Activity: 477

Merit: 250

Blockchain Just Entered The Real World

Quote from: masstahcoiner on August 10, 2017, 11:26:12 AM

Quote from: McWorse on August 10, 2017, 11:23:48 AM

Quote from: Bigzilla on August 10, 2017, 11:12:58 AM

Quote from: g___ on August 09, 2017, 05:13:12 PM

Quote from: Bramen on August 09, 2017, 09:08:47 AM

They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.

wrong. 1bn will be released per month, not necessarily sold.

wrong. Ripple will give or sell up to 1bn XRP.

source?
Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B.

Edit: Ok. I think, I got your thought now. Your are right with "up to".
Wink

sorry...

When XRP will start to the moon price will hit 1$

We will see - load your cheap bags of XRP while it's time

In my opinion the target $1 for Ripple in this year very easy, because if the market in next time can recovery after falldown to base price, not have reason can make Ripple still low price.

masstahcoiner

sr. member

Activity: 644

Merit: 390

Quote from: McWorse on August 10, 2017, 11:23:48 AM

Quote from: Bigzilla on August 10, 2017, 11:12:58 AM

Quote from: g___ on August 09, 2017, 05:13:12 PM

Quote from: Bramen on August 09, 2017, 09:08:47 AM

They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.

wrong. 1bn will be released per month, not necessarily sold.

wrong. Ripple will give or sell up to 1bn XRP.

source?
Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B.

Edit: Ok. I think, I got your thought now. Your are right with "up to".
Wink

sorry...

When XRP will start to the moon price will hit 1$

We will see - load your cheap bags of XRP while it's time

McWorse

sr. member

Activity: 618

Merit: 292

Quote from: Bigzilla on August 10, 2017, 11:12:58 AM

Quote from: g___ on August 09, 2017, 05:13:12 PM

Quote from: Bramen on August 09, 2017, 09:08:47 AM

They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.

wrong. 1bn will be released per month, not necessarily sold.

wrong. Ripple will give or sell up to 1bn XRP.

source?
Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B.

Edit: Ok. I think, I got your thought now. Your are right with "up to".
Wink

sorry...

Bigzilla

member

Activity: 110

Merit: 10

Quote from: g___ on August 09, 2017, 05:13:12 PM

Quote from: Bramen on August 09, 2017, 09:08:47 AM

They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.

wrong. 1bn will be released per month, not necessarily sold.

wrong. Ripple will give or sell up to 1bn XRP.

IAMXX

newbie

Activity: 36

Merit: 0

Quote from: carlisle1 on August 10, 2017, 08:48:49 AM

ripple is trying to bounce back just don't

excuse me but is doing what?
Are we see exact same charts? or you are color blind?

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: nsasuiteb on August 10, 2017, 06:17:51 AM

The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!

are we going to see another huge pumped? as ive seen big downfall for the past week or two and now ripple is trying to bounce back just don't
know how long it will survive the fluctuations, but holding some would be a great choice. good luck

nasqar

full member

Activity: 123

Merit: 100

Ripple has a very good specs, yet it is not having a big price.
I dont know why but other coins are running, not reay sure which coin to be chosen

ikilledcobain

sr. member

Activity: 446

Merit: 252

Personally, I'm building a small stockpile of XRP. I wish I could give a good reason why, but I have been following my gut on this one.

I'm powering down my STEEM account and converting it all to ripple.

Higginbotham

newbie

Activity: 39

Merit: 0

XRP trading is grinding to a halt at POLO while it influences negatively at all other markets.

MiriamWeston

newbie

Activity: 38

Merit: 0

The value of XRP seems to always increase over time as bitcoin decreases and recovery slows

Bramen

member

Activity: 84

Merit: 10

Quote from: wajik-tempe on August 10, 2017, 07:14:38 AM

Quote from: Bramen on August 09, 2017, 07:01:28 PM

65% of total XRP supply is in the hands of Ripple.

You are serious about what you say when they are manipulated ?

I didn't say XRP is being manipulated - I don't know if it is -, merely that there are plenty of opportunities and incentives to do so. The fact that none of the Ripple/XRP pushers have responded to my concerns in this or other threads raises further red flags.

As mentioned above, over two thirds of all XRP is in the hands of Ripple. They have said they will sell or give away "only" 1bn XRP per month at max. If they stick to that promise, at 1% of total supply that is a lot, and offers ample opportunity for market manipulation. And as holders of more than 55% of all XRP available, there are plenty of incentives to flood the market to tank the value for shorting, or other more sophisticated shenanigans.

There is a huge long-term potential for XRP adoption across the world, but I have serious reservations about how Ripple is treating distribution via the old boys' network, and us mortals may be outplayed.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Quote from: Bramen on August 09, 2017, 07:01:28 PM

65% of total XRP supply is in the hands of Ripple.

You are serious about what you say when they are manipulated ?

Quote from: nsasuiteb on August 10, 2017, 06:17:51 AM

The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!

Hopefully it happens I have quite a lot of Ripple which until now I have not sold, can go back to 25K so i can sell and earn profit when i buy at 18K price

nsasuiteb

full member

Activity: 406

Merit: 100

BAILOUT

The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!

ViolaDavis

newbie

Activity: 15

Merit: 0

XRP. But who knows when it will stop? Maybe today, maybe for a week.

shamzblueworld

hero member

Activity: 714

Merit: 500

Quote from: ?? on ??

I predict XRP will hit at least $1.00 by the end of 2017. Right now, the price is being purposely manipulated to make it look good for the banks.

Quote from: ?? on ??

XRP will be the hottest coin this year. Many investors participate in this game.
However, I still need to wait for more updates before I can make an investment decision.

I agree, that is why I have even invested more with price being so low at the moment, I feel it is one of the most reliable options to invest, especially for not so short term trade.
I definitely think it has the potential to double its current value quite soon.

Bolt1

member

Activity: 67

Merit: 10

38 billion are in circulation at the moment.

Ripple owns 55 billion

That's 93 billion

The other 7 have been used via wallets, usage etc I beleive

Bramen

member

Activity: 84

Merit: 10

Found more info from Ripple themselves on the escrow here.

Relevant quote:

Quote

We’ll use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional investors.

So Ripple will give or sell up to 1bn XRP (1% of total XRP supply) each month to people they choose. That's a huge proportion: it would be equivalent to 165,000 BTC if Bitcoin had the same setup. _{Incidentally it seems the biggest BTC address holds 111k BTC.} In addition Ripple is holding I believe around 10 billion XRP which can be freely given away or traded. Therefore a full 65% of total XRP supply is in the hands of Ripple.

As their stated strategy is to "[...]engage in distribution strategies that we expect will result in a strengthening XRP exchange rate against other currencies" (from the link above) it is unlikely they will dump XRP, but I see such large holdings as a perverse incentive for Ripple to manipulate the market. It is certainly a questionable way to distribute the supply.

leopard2

legendary

Activity: 1372

Merit: 1014

The mining difficulty of XRP is equal to its value: ZERO.

g___

sr. member

Activity: 273

Merit: 252

Quote from: Bramen on August 09, 2017, 09:08:47 AM

They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.

wrong. 1bn will be released per month, not necessarily sold.

groko271

hero member

Activity: 790

Merit: 505

Quote from: Hodor7777 on August 09, 2017, 10:47:23 AM

Quote from: tintumon on August 09, 2017, 10:14:10 AM

When would this free fall for XRP would be over. Feels like a bag holder now, when I see all the other ALTS are making good progress.

Wow what drama! All other alts are down today except for a few that I can see... XRP is slightly down ~ 1%

Are you really that disappointed making 5% in two days??

Actually ripple has gone up 2c the last few days, although stagnant regarding its satoshi value. There's been a good bump in the price of bitcoin since Aug1 so all XRP needs to do is jump a few thousand satoshi's in value and the shorts may escape with a little profit.

Topic: [XRP] Ripple Speculation - page 349. (Read 637342 times)