Who else /ripplechad/ here?

Who else /ripplechad/ here?

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Please go up.

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plz god go back to $3 so i can return all the money i borrowed for these bags.

Seriously?

Dropped this shit coin when I holded it for 1,5 year on my ledger and went all in on certain shilled coins on biz. Dubbled my stack if I buy now but I don't see it go up much anytime soon.

Most legit thing ever. Buy my shit and I'll tell you why its totally not a Shitcoin

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De-risking, sorry.

>they don't buy ripple

reporting in

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when xrp booms it booms the hardest

fuck, im on a 8x leveraged long. am i fucked?

They haven't been selling the full 1 Billion per month. On the one hand, I think the fact that they are selling a few hundred million per month is a good sign, because it means that smart money is buying it in large quantities. On the other hand, we don't know how much of a discount is being offered, and how much is immediately dumped on the retail market for a quick profit.

So to sum it up, if you hold XRP you are going to get fucked by Ripple or whoever they sell their bags to OTC for the next decade or two.

I'm glad we are in agreement.

Rather take a shot with Cardano and ADA.

never go above 5x, even that is high

>bought at 0.38c
I AM FINANCIALLY RIPPLED

>HuRTS
>red ID

rev up those stop orders

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I think you a really a huge fucking simpleton moron reading bullshit from shitheads here just like you.

as opposed to you with your erudite well presented arguments to the contrary of what I said?

>smart money
>buying xrp

Bruh

Soon.

Retail investors aren't allowed to buy XRP directly from Ripple. Only high net worth individuals and corporations are allowed to buy directly from Ripple.

I sometimes wonder how come SOON is not a trademark of Ripple Inc. yet

Who would do that?

Whoever. I mean, given the opportunity and having the means, would you not buy at a discount and then slowly bleed dump to make it less obvious?

It's free money

So the value proposition of xrp is for wealthy people to buy in bulk at a discount and dump on poor people?

maybe it was not the way it was designed from the get go, but it sure as shit looks it works that way now

Buying XRP OTC from Ripple, you are not allowed to sell for a certain period of time. Generally a period of a few years.

So you have incentive for the price to increase.

Where's your proof of that? Or is all part of the NDAs?

iirc the majority of their monthly sales are to exchanges.

who surely will just keep the XRP for many years as per

Someone posted a screenshot of them holding a billion Ripple the other day and I'm inclined to believe that it really wasn't a LARP. I think it was a founder LARPing as a retard on here unironically

It is indeed part of their NDAs and other contractual obligations. Ripple has released statements on how their OTC sales work in their reports.

The majority of their sales to exchanges make up the 'programmatic sales' portion of their OTC. Institutional direct sales are the ones under contract.

ripple is designed to psyphon real cryptocurrency and replace them with that duper token..
you are better off buying diamonds in runes of magic than investing in ripple.

pretty sure it like 3000 diamond = $100

rom diamond is literally better than ripple.
a 10+ year old technology.

so who keeps dumping then? The circulating supply keeps increasing and the price is stagnant at best...

>3k sats
>bottom
I wouldn't long this shit that high.
I'll wait for sub 2k sats.

Since XRP isn't a mineable coin, I don't think we're going to come to an agreement on a suitable definition of what the actual circulating supply is. I would like to see what provided your conclusion that the circulating supply is increasing so maybe we could talk about it more.

Why would anyone buy this beyblade inspired shitcoin

the circulating supply as listed on CMC or Livecoinwatch. Where do they get the data from? I guess only from what Ripple reports. Unfortinately they don't chart it, just list the latest, but somebody over at XRPChat is keeping tabs on it and it has increased significantly since the ATH.

That is the issue. CMC just lists the circulating based directly on what Ripple reports as distributed in total. Are all the private wallets currently in escrow, made by random fucko nobodys, currently in circulation? Circulating supply is an awful metric to judge a premine by.

There are plenty of people dumping on XRP. Jeb Mcaleb, charities Ripple has donated millions and millions to, and startups founded and funded by Ripple partners and former employees. These probably have very little(but some) effect on suppressing price for the long term.
The price of XRP depends on the utility and velocity of the network. If anything an increased circulating supply points towards their ability to make the market is weakening because of how they are restricted in how much they can dump monthly.

selling as a percentage of trading volume has a HUGE impact on the price, since most of the volume is wash trading, i.e. fake. The real volume, where two unrelated parties exchange XRP for fiat and back is miniscule by comparison, certainly not in the billions reported on CMC.

So are we talking about circulating supply or trading volume? I have no idea what point you're really trying to make here

i responded to the second paragraph you posted

So there are groups currently dumping on the market, and the market still gives a speculative value of around 40 cents. How does impact XRP long term?

if these "groups" are Ripple themselves as a company or individuals. You tell me what effect on the price that may have long term. It would take them a decade to dump it all at the current pace. If you think thats all hunky dory, that's you prerogative. I am more inclined to think this stinks to high heaven and XRP is something to be avoided as the plague because of it.

It's still going to skyrocket soon.

having 30 000 XRP feels comfy

It's an open ledger fren, feel free to DYOR on who Ripple sells OTC to or provide evidence to change my mind. I'm afraid a conspiratorial gut feeling won't be enough to sway me.

I've been HODLing this coin for a year and its performance is getting on my nerves.

there's no gut feeling, it's numbers and facts straight from the horses's mouth. It's how you interpret them. You seem to be happy with the way things are, good for you. I'm not here to change anyone's mind, but to see if I have missed or misinterpreted anything. So far, nobody has been able to provide any solid arguments to change my mind. Things like NDA's are not gonna cut it for me, as they are no facts, they are rumours by definition.

The only thing from stopping you from doing research is yourself, so whatever man. You do you