Jump to content

xiaoipower

Member
  • Content Count

    25
  • Joined

  • Last visited

About xiaoipower

  • Rank
    Regular

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Source? The "CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS" tables at the bottom show that "Compensation and benefits" increased from Q4 2018 to Q4 2019. The "Transaction and operations support" dropped
  2. Can you provide a source for this? Sounds very low for less liquid corridors
  3. Saw this article which claims that Ripple under-reported the amount of XRP returned to the escrow in the latest 2019 Q1 report - does anyone know how to verify this? https://coinmetrics.io/an-on-chain-analysis-of-ripples-escrow-system/
  4. No - you are confusing capital gains tax with income tax. You would be charged between 0-10-20% CGT (on the marginal amount depending on the total amount of capital gains - as show in your picture) when you cashout your XRP to FIAT. If you planned on living off the interest of your subsequent investments you would be subject to normal income tax 0-20-40-45%
  5. @htrenkle - I agree with many of the points you raise here. It is obvious that for XRP needs much higher liquidity to be able to support larger remittance payments (to overcome slippage). As you describe above - this is a chicken-and-egg dilemma. There is an argument that goes: XRP is currently dictated by what the market speculates it to be worth xRapid only delivers volume for payment values supported by current market valuation xRapid volume itself does not drive up price, there is buy and sell pressure at either end of corridors and any asymmetry is balanced
  6. btw - do you have a link to statement from Miguel regarding rebate for slippage costs - I have seen this mentioned elsewhere but never seen a source - very interesting if true
  7. You make some very fair points - the analysis has some extreme limitations (in terms of data) and is predicated on a huge assumption (slippage patterns holding). Also - there are a number of hidden factors that you allude to. I hope people don't read misinterpret this to be any sort of accurate price prediction. Instead, it should only be considered an analysis that, at its absolute best, may give accuracy to within an order of magnitude (based on the available data to me) and at worst is meaningless because its underlying assumptions fail to capture enough of the complexity (or are
  8. That is another very valid criticism of the analysis - I would to have a better understanding of how the order book pressure changes: Does it show significant constant temporal change just as a matter of course? AND / OR does it show significant change when the value changes a lot? Unfortunately - I have never seen any archived order book history (would've loved to get my hands on the order book when XRP was at ATH)
  9. Yes - that is a huge limitation of this analysis - it would be much better to examine multiple exchanges over an extended period of time
  10. Summary In some recent video interviews with Ripple employees it was mentioned that xRapid aims to reduce remittance costs from current average cost of 400 basis points to around 40 basis points (100 basis points = 1 percent) When you try and buy a large amount of XRP, there is price slippage as you eat up the order book This analysis attempts to look at what the price of XRP would need to be, in order to buy a certain EUR value amount of XRP and not have the price slip more than 40 basis points Based on a random snapshot of Bitstamp's order book today, this suggests th
  11. I didn't take it as a dig, haha, but I thought it was a very important point that needed further highlighting - so I added a big disclaimer - thanks for reading!
  12. That is a very important point - as I state in my OP: As you point out - the supply and demand profiles will be constantly changing - so this should be by NO MEANS thought of as a general trend - just some observations of ONE snapshot of current market
  13. Let's look at this in terms of an actual cross-border transfer Buy-side pressure Same as in OP, we are buying on Bitstamp but now the table includes the actual amount of XRP bought: Sell-side pressure This time we are sending our XRP to Mexico, I have taken the order book data from Bitso (first Mexican exchange I could find on google) *no further data was available as my order book history did not have enough liquidity data to cover greater sales A few observations: Liquidity on Bitso is just too low (based on the amount of order book data I could
  14. DISCLAIMER - this post is based on a SINGLE RANDOM snapshot of order books - they should NOT be thought of as a general trend - merely an observation This post is to highlight some interesting observations based on a random snapshot of the order book I took from Bitstamp today. The order book data I managed to grab looked as follows: *Please note that this did not represent the entire order book (which had around 13.5 million XRP on the sell-side and around EUR1.88 million on the buy-side), as that data was not available. Buy-side pressure As you kn
  15. That's it - you've debunked the entire logic with this. For me at least, this highlights the entire flaw of trying to estimate price based on this method. However, having read through your lengthy repost I am less clear about what the effects of xRapid adoption will be on price - have you written anything on the matter you can link to?
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.