Do you understand anything about the BTC futures market ?? Explain to me how someone who is in the whole on a long futures contract is going to manipulate the market ?? To do so they would have to go out and start purchasing real BTC and still leave enough trading cash to pay the margin difference on the Futures contract. The number of Futures contracts sold is pitifully small in comparison to the Daily BTC volume so why would they all suddenly step up and go nuts ? Also do not forget the people who have sold the contracts and are currently in profit - do you think they will sit idly buy with all the Cash they have from the sale and let the price go up ? They would already be putting sell walls in place if your theory was true
Yes, I agree to a certain extent on the manipulation subject. HOWEVER Ripple opposite to many altcoins is not a decentralized transaction system, it is highly centralised, meaning that the majority of Ripple coin are held by the creators themsleves. When you have a centralized coin and not a highly distributed coin such as bitcoin, the majority of price flactuation depends only on a few actors, in Ripple's case the creators themselves thus its in their interest to keep the price stable
You obviously do not understand XRP and the company. In November to remove exactly this kind of comment - they locked up all 48B available tokens in Smart contracts - each of which Vest every month (1B coins) for the next 48 months. They have already made a public statement that they will not use these to control price action - they are only for spending for funding the business and the growth of their XRAPID network. Any that are not spent are locked back up in contracts that tag onto the end of the 48 months i.e. it is a rolling 48 months. I can not find the December number - but in November (the first month) they only used 320M tokens and put the rest back into a smart contract
I remember a few month prior to Ripple XRP rocket launched, we were at just $0.21 and slowly moving up - down. We speculated $1 by 2018 and everyone was excited about it. Now we see that $2.90 was nothing for this monster and after doing some thorough analysis we came up with a possible outcome for Ripple XRP long term. Aside from Ripple is now one of the most valuable startups in the United States of America after Uber, Airbnb, Palantir and WeWork.
Its the same way for bitcoin differnt exchanges trade at different prices if you hit the market tab in coinmarketcap it will show you how much that coins trading at each exchange.
I don't have any RIPPLE :(
DOn't buy it now. Wait for the BTC run and Ripple will go down. Inversely correlated with BTC.
Do you understand anything about the BTC futures market ?? Explain to me how someone who is in the whole on a long futures contract is going to manipulate the market ?? To do so they would have to go out and start purchasing real BTC and still leave enough trading cash to pay the margin difference on the Futures contract. The number of Futures contracts sold is pitifully small in comparison to the Daily BTC volume so why would they all suddenly step up and go nuts ? Also do not forget the people who have sold the contracts and are currently in profit - do you think they will sit idly buy with all the Cash they have from the sale and let the price go up ? They would already be putting sell walls in place if your theory was true
The news, that future contracts bet on bitcoin ~8000 USD is impacting the price. Not the fact of future market themself
Last time to buy it then
I prefer Mad Dog.
*XRP
XLM was a good buy has had a big run up as well.
Actually is better than good. IT'S GREAT. However, be careful ,guys, such price heights aren't normal, ripple might face a mini correction soon
See my above comment about BTC futures price manipulation and how it will affect Ripple prices
Yes, I agree to a certain extent on the manipulation subject. HOWEVER Ripple opposite to many altcoins is not a decentralized transaction system, it is highly centralised, meaning that the majority of Ripple coin are held by the creators themsleves. When you have a centralized coin and not a highly distributed coin such as bitcoin, the majority of price flactuation depends only on a few actors, in Ripple's case the creators themselves thus its in their interest to keep the price stable
You obviously do not understand XRP and the company. In November to remove exactly this kind of comment - they locked up all 48B available tokens in Smart contracts - each of which Vest every month (1B coins) for the next 48 months. They have already made a public statement that they will not use these to control price action - they are only for spending for funding the business and the growth of their XRAPID network. Any that are not spent are locked back up in contracts that tag onto the end of the 48 months i.e. it is a rolling 48 months. I can not find the December number - but in November (the first month) they only used 320M tokens and put the rest back into a smart contract
55* Billion
These always correct.
I'm still happy to have gotten in at 18 cents/coin this summer. Excited to see where this goes!
I remember a few month prior to Ripple XRP rocket launched, we were at just $0.21 and slowly moving up - down. We speculated $1 by 2018 and everyone was excited about it. Now we see that $2.90 was nothing for this monster and after doing some thorough analysis we came up with a possible outcome for Ripple XRP long term. Aside from Ripple is now one of the most valuable startups in the United States of America after Uber, Airbnb, Palantir and WeWork.
I would like to humbly extend my dissenting opinion...
https://steemit.com/crypto/@hvlyarmedtrader/the-most-important-video-for-ripple-xrp-investors#comments
Can someone guide me on why does exchanges and coin market cap show different prices for XRP?
This is Binance showing $2.62
This is coin checkup and coin market cap showing $3.08:
Its the same way for bitcoin differnt exchanges trade at different prices if you hit the market tab in coinmarketcap it will show you how much that coins trading at each exchange.
check out my ripple technical analysis on my page
XRP short term play, long term dump... Banks are just interested in the technology...so they create their own coins. Banks will never use XRP.