[XRP] Ripple Speculation - page 350.

Bramen

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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

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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

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BAILOUT

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

ViolaDavis

newbie

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

shamzblueworld

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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

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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

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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

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

g___

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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

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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.

vanhalendlrband

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Quote from: Bramen on August 09, 2017, 02:44:24 PM

Quote from: RayX12 on August 09, 2017, 11:17:47 AM

Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat.

Did you really think the bankers would allow money supply to get out of their control?

Ripple has built the ability to inflate XRP into the distribution model as I mentioned in an earlier post. Granted, there is a ceiling to how much they have in escrow and are able to sell each month, but them being able to play with at least 55% of the money supply doesn't instill trust.

In the long run (few years) this ability may be diminished. But it might very well be that if XRP becomes more successful it will be cornered and manipulated by central banks and a few whales - that buying has likely already begun.

That supply is gonna get locked up and away forever

And over time the supply will deflate with more and more transactions

vanhalendlrband

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Quote from: Fantum on August 09, 2017, 03:35:18 PM

If ripple is used as a fee to send a transaction, and ripple labs is trying to sell their tech to banks, wouldn't they want ripple to be low, so they can say it costs less than a cent to send a transaction? xrp is obviously manipulated by huge whales

It doesnt matter because even if it was like 200 bucks it would still be the cheapest transactions by far

Fantum

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If ripple is used as a fee to send a transaction, and ripple labs is trying to sell their tech to banks, wouldn't they want ripple to be low, so they can say it costs less than a cent to send a transaction? xrp is obviously manipulated by huge whales

Bramen

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Quote from: RayX12 on August 09, 2017, 11:17:47 AM

Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat.

Did you really think the bankers would allow money supply to get out of their control?

Ripple has built the ability to inflate XRP into the distribution model as I mentioned in an earlier post. Granted, there is a ceiling to how much they have in escrow and are able to sell each month, but them being able to play with at least 55% of the money supply doesn't instill trust.

In the long run (few years) this ability may be diminished. But it might very well be that if XRP becomes more successful it will be cornered and manipulated by central banks and a few whales - that buying has likely already begun.

CageKennylz

newbie

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Don't see XRP going over $2 max by end of 2018.

RayX12

hero member

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I think that the potential for XRP growth is huge and I own some XRP!

Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat. The crypto BTC movement and philosophy is therefore against the very same thing that Ripple depends for their existence.
If the banking world collapses tomorrow then Ripple will be out of business and BTC will be worth trillions. Why is Ripple so stubborn? Why not diversify their offerings?

IMO
What could Ripple do to get some love?
Stop being so stubborn and support other models and markets that can put to good use their enormous dwindling wealth held in XRP.

Hodor7777

full member

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It’s easy to confuse what is with what ought to be

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??

Hodor7777

full member

Activity: 618

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It’s easy to confuse what is with what ought to be

My new blog is about how any developer that knows Javascript can communicate with the XRP Ledger: https://xrphodor.wordpress.com/2017/08/09/get-m-e-a-n-with-xrp/

Let me know what you think and I hope you enjoy!

https://twitter.com/Hodor7777/status/895305596680982528

tintumon

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dinkimole nokkalle...

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.

Hodor7777

full member

Activity: 618

Merit: 112

It’s easy to confuse what is with what ought to be

Quote from: vanhalendlrband on August 09, 2017, 09:20:33 AM

Xrp is much faster than swift. Visa is expensive

This is the executive summary for me....

Here's some other material for those that are xrp-curious:

https://ripple.com/xrp/
https://ripple.com/files/xrp_cost_model_paper.pdf

Topic: [XRP] Ripple Speculation - page 350. (Read 637675 times)