Xrp - Spark snapshot - page 2. | Bitcointalksearch.org

Bitcoin_Arena

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Quote from: kotajikikox on December 14, 2020, 01:17:36 AM

Any news about the spark distribution?

Its been 2 days now but still no update from the exchange I'm holding lol.

What exchange are you using?
All the information about the airdrop is usually in the announcements days before the snapshot

The snapshot took place on 12th - December - 2020 at 00:00 UTC so even if you sold your coins after 1 minute, you will receive part of the airdrop. But their airdrop isn't going to be immediate of course

Quote from: kotajikikox on December 14, 2020, 01:17:36 AM

This airdrop don't even bring Hype to the ripple value instead the Bull od November is the one who brings it all to Pump reaching $0.75 at the most.

It did, maybe you did follow the chats well.
No coin in the top 10 has performed better than XRP in the last 30 days despite dropping by more than 20% in the last 7 days

Quote from: MCobian on December 14, 2020, 02:25:01 AM

There was no significant drop in the price of XRP when the Spark airdrop ended, so what many feared didn't happen.

Already dropped by over 20% in the last 7 days and still going down as compared to other coins. Isn't that a significant drop?

kentrolla

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Spark has disastered the XRP price I didn't expected such a big drop after a pump many were eager to see the price may go upto 1.5$ but its going down day by day, I think the airdrop was the core reason for this.

Once after the airdrop happened people started to sell their holdings, XRP is one of my favorite asset and now it has disappointed me as the price is dropping.

tvplus006

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Quote from: raidarksword on December 14, 2020, 02:44:59 AM

Is it true the given spark token for the snapshot will be only 15% and the rest will be on next year and it will be locked also? Correct me if am wrong and hope it will be worth it of the people bought it at a high price before the snapshot taken.

I think that these rules will be changed more than once. But it is obvious now that under the terms of airdrop, only 15% of the total amount will be credited at the time of creating the snapshot. The remaining interest will be calculated based on how many XRP coins you will continue to hold. Thus, those who immediately sold XRP coins after the snapshot can not expect to receive spark more than 15% of their deposit.

huiji2011

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Quote from: Andromed4 on December 11, 2020, 06:12:18 PM

the party has allrdy begun, im safe and took my profit. Ill buy up 5 minutes before the snap and sell again 5 min after and see what ii get in 2021 from flare/binance

What a fabulous operation, congratulation. Almost every time it is pump before snapshot, and down after snapshot quickly, but soon stable. The exchange i keep my XRP on it is not any of news about this Xrp - Spark snapshot, so pity for me.

zeingrind777

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Quote from: MCobian on December 14, 2020, 02:25:01 AM

There was no significant drop in the price of XRP when the Spark airdrop ended, so what many feared didn't happen.
It's true that XRP's price has dropped, but it's still in the normal category. Just now the XRP price is starting to recover quickly.
Indeed, the quality of XRP as a top 3 cryptocurrency is not in doubt. Even though the XRP event to get the Spark token ends,
but holding XRP is still very profitable. So I think holding XRP should be done, because based on my prediction the XRP price
will continue to rise. And it could reach a price of $ 1 in 2021.

I agree. XRP is indeed one of the cryptos that deserves to be stored in the long term. I didn't expect to get spark tokens. I have been holding XRP for a long time even though there was no token spark airdrop event. What I'm hoping for is increased mass adoption leading to price increases on XRP

raidarksword

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Is it true the given spark token for the snapshot will be only 15% and the rest will be on next year and it will be locked also? Correct me if am wrong and hope it will be worth it of the people bought it at a high price before the snapshot taken.

MCobian

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There was no significant drop in the price of XRP when the Spark airdrop ended, so what many feared didn't happen.
It's true that XRP's price has dropped, but it's still in the normal category. Just now the XRP price is starting to recover quickly.
Indeed, the quality of XRP as a top 3 cryptocurrency is not in doubt. Even though the XRP event to get the Spark token ends,
but holding XRP is still very profitable. So I think holding XRP should be done, because based on my prediction the XRP price
will continue to rise. And it could reach a price of $ 1 in 2021.

kapalmabur

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Quote from: darkphoenix2610 on December 14, 2020, 01:18:35 AM

The snapshot took place at the exact 00:00 UTC last December 12, 2020. And Ripple (XRP) was already ready to make transactions after the snapshot happened. And just as expected so many withdraw their XRP right after the snapshot which caused the huge dump of XRP price, but it's recovering a little now.

December 12th has passed, and the airdrop spark is over, the impact that has been on XRP was very clear,
before the snapshot happened, the XRP price had an incredible pump, 100% more, and now that the snapshot is over,
the XRP price has a dump 17 % during this week.

darkphoenix2610

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The snapshot took place at the exact 00:00 UTC last December 12, 2020. And Ripple (XRP) was already ready to make transactions after the snapshot happened. And just as expected so many withdraw their XRP right after the snapshot which caused the huge dump of XRP price, but it's recovering a little now.

kotajikikox

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Quote from: Andromed4 on December 11, 2020, 01:00:48 PM

Is the snapshot allready been taken? The reason I am asking is since some crypto articles are a little vague. I thought it would be 00:00 UTC this night right?

If some could clarify would be appreciated.

Thnx in advance!

Any news about the spark distribution?

Its been 2 days now but still no update from the exchange I'm holding lol.

Though ripple is still in bad shape so i can't decide yet to sell it all or just keep it for a while.

This airdrop don't even bring Hype to the ripple value instead the Bull od November is the one who brings it all to Pump reaching $0.75 at the most.

takngantuk

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Quote from: Bitcoin_Arena on December 11, 2020, 07:22:56 PM

Quote from: crzy on December 11, 2020, 06:54:36 PM

Mind the time difference and I think the update has already begun unfortunately our local wallet didn’t support the update so I have no choice but to only watch the party. Anyway, enjoy on profit taking and know when to exit the party, the price didn’t move that much though.

You should have used an exchange that supports the snapshot like Binance, Kucoin etc. It's always good to be prepared in advance. There was a mini dump but the price of XRP seems to be recovering from it. Perhaps because Bitcoin was rising at the same time

Seen how the dump started an hour before the snapshot as I said earlier on Cheesy

Yes you're right. yesterday there was a dump in the market maybe this is because of the effect of those who fear there will be a big dump and sell it. but today XRP is still stable at 0.5 $, if this continues until bitcoin dominance drops, there may be a price increase for XRP

gaston castano

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Exactly on 12 dec 00: 00 utc midnight a snapshot was taken, after which all those who hold ripple coins can sell their xrp if they store it on the exchange, as there are some exchanges that support and do not support the airdrop program.

zonefloor

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Quote from: Genemind on December 11, 2020, 07:38:49 PM

Quote from: zonefloor on December 11, 2020, 07:27:43 PM

I have no idea when to take snapshot. But I recommend that you sell your xrp after taking a snapshot. Because I think it will dump. If you want to keep xrp in your hand later, you can collect it after it falls. But if you want to make a profit on both sparktoken and xrp, I suggest you sell it.

It will surely fall, the hype on Spark is over and XRP didn't even reach the price they were expecting due to the hype. I hope holding XRP for the airdrop will be worth it. Only 15% of what users are holding will be released after the snap and the remainder will be distributed over the next 25 to 34 months.

As I mentioned in the previous post, I think it will also experience a decline. Sparks tokens will be distributed to so many people that I don't think it will make a significant amount of money. As you said, it did not come at the expected price. But I hope I am wrong and everyone earns money from this business.

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Quote from: slashz9 on December 12, 2020, 11:18:10 AM

already taken in 00.00 UTC than mean 16 hours ago, and after that in just 1 minute some people sell their XRP with total amount 1,5 million xrp.
that make market down for a while, and start recover after that,and will be distributed on january 2021 AFAIK.

It's expected to happen many whales already sell their coins before even the snopshot started.

Only small portion will be distributed in Q 1 of 2021 if im not mistaken it's around %15 will recieve in Q1 the other will take place after a year distributed it by portion to all holders of XRP before the snapshot. If you are not storing your xrp to supported exchange you will not recieve any fee token.

slashz9

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already taken in 00.00 UTC than mean 16 hours ago, and after that in just 1 minute some people sell their XRP with total amount 1,5 million xrp.
that make market down for a while, and start recover after that,and will be distributed on january 2021 AFAIK.

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Quote from: Iyeman on December 12, 2020, 10:08:15 AM

Quote from: Andromed4 on December 12, 2020, 07:45:18 AM

Quote from: cytpoway121 on December 12, 2020, 07:30:35 AM

Quote from: Andromed4 on December 11, 2020, 01:00:48 PM

Is the snapshot allready been taken? The reason I am asking is since some crypto articles are a little vague. I thought it would be 00:00 UTC this night right?

If some could clarify would be appreciated.

Thnx in advance!

The snapshot already happened today the 12th of december 2020; at 12 am prompt (utc). And more importantly, it means that as at the time of the snapshot (i.e 12:00 utc) you must hodl ripple either in your storage (wallets, cold storage etc) or the supported exchange platforms for the airdrop. I conducted my own at the okex exchange where i held my ripple; and i took profits already too from ripple. Its a win win for me

I noticed a little sell off between 23:00 and 23:24ish UTC (not sure if people where confused about the snapshot time or it had something to do with time zones). Ive sold some of mine (with a bit of panic) at 23:06 UTC. Ive bought myself in again on 23:58 UTC and sold again around 00:03 UTC time because there was another mini sell off exactly at 00:01UTC. So anyhow if I am correct and/or lucky (whatever spark may be worth when its on the market) Im "Snapshotted xD" with a loss of around 50 dollars but I made a profit hours before the snapshot the same day. So I will see what will be dropped between Q1 and Q2 in 2021.

Thnx for the insights

It's starting to go down again right now https://coinmarketcap.com/currencies/xrp/
another 15% down for XRP in a day. Just hope the price of spark token will be worth a few cents and that will worth with your effort and lose.
people are starting to short the market right now. I wonder what will be happening with the price of XRP in the next days started from now.

Don't worry about the price of the spark since they decided to control the release of the airdrop token into tranches distribution. I'm not expecting that spark token price will fall below XRP price. The real problem here was people that losing on there XRP holdings will have a longer waiting time to recover that loss using there spark token since it may take a year or more to get all the airdrop token. But the good news is the price might skyrocket by the time they get 100% airdrop.

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Quote from: Andromed4 on December 12, 2020, 07:45:18 AM

Quote from: cytpoway121 on December 12, 2020, 07:30:35 AM

Quote from: Andromed4 on December 11, 2020, 01:00:48 PM

Is the snapshot allready been taken? The reason I am asking is since some crypto articles are a little vague. I thought it would be 00:00 UTC this night right?

If some could clarify would be appreciated.

Thnx in advance!

The snapshot already happened today the 12th of december 2020; at 12 am prompt (utc). And more importantly, it means that as at the time of the snapshot (i.e 12:00 utc) you must hodl ripple either in your storage (wallets, cold storage etc) or the supported exchange platforms for the airdrop. I conducted my own at the okex exchange where i held my ripple; and i took profits already too from ripple. Its a win win for me

I noticed a little sell off between 23:00 and 23:24ish UTC (not sure if people where confused about the snapshot time or it had something to do with time zones). Ive sold some of mine (with a bit of panic) at 23:06 UTC. Ive bought myself in again on 23:58 UTC and sold again around 00:03 UTC time because there was another mini sell off exactly at 00:01UTC. So anyhow if I am correct and/or lucky (whatever spark may be worth when its on the market) Im "Snapshotted xD" with a loss of around 50 dollars but I made a profit hours before the snapshot the same day. So I will see what will be dropped between Q1 and Q2 in 2021.

Thnx for the insights

It's starting to go down again right now https://coinmarketcap.com/currencies/xrp/
another 15% down for XRP in a day. Just hope the price of spark token will be worth a few cents and that will worth with your effort and lose.
people are starting to short the market right now. I wonder what will be happening with the price of XRP in the next days started from now.

Topic: Xrp - Spark snapshot - page 2. (Read 538 times)