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With this type of post I may be completely wrong or maybe completely Right, please bear with me, just sharing my thought. (Ratio of usable bitcoin whales/retails holders is somewhere around 80/10 or close, just guessing) Imagine you are a bitcoin Whale and you have lets say.... 100k Bitcoin. Including you and your group/friend whales you have about 2M Bitcoins. Now in past few months, after the ATH, you foresee the tides turning. You realise that bitcoin has a very realistic chances of going to Zero with all the regulations creeping up everywhere and ripple will be the future or other regulated blockchain coins/products. It may take a while, months.... may be couple of years, but its going to happen. Now the question is, What do you do? Scenario 1- Every man/woman/child for himself and start dumping bitcoin for ripple or USD. This will cause chaos and no one will be able to Unload all coins, also you won't be able to get your coin's worth anyway. All whales loses. Scenario 2- Make a whale pool and systematically start pumping and dumping the bitcoins slowly to others (avg joe). Meanwhile slowly keep increasing your stash of ripple.... by gaining from weak hands. Obviously you have to program the bots in a way to keep the price within acceptable range for sometime, while you slowly unload all you Bitcoins for Maximum possible price and getting Xrp in lowest possible price, hence maximizing your profits. Soon you become xrp whale from bitcoin whale. Supporting facts- 1) As you all know and stated- -- BTC goes up : XRP goes up but less. --BTC goes down : XRP goes down more. 2) There are always fake sell as well as buy walls of same amount on all exchanges to keep the price exactly within the acceptable range so as to work in tandem with other currency bots. (I can attach screenshots if someone failed to see this) These two points mathematically supports this theory. And if its true, we'll see xrp mooning/lamboing/cabining or in my case bmwM3ing suddenly pretty much coinciding with falling/decoupling btc. So, either you can read and disregard this which is ok..... or may be you will remember reading it somewhere in few months and comeback to it. Only time will tell. Thanks for entertaining me. Personal views appreciated. @RegalChicken @zenkert @XRPisVELOCITY @ReformedEquityTrader @ElChupaThingy78 and others.
I have a question for the more experienced members...I was doing lots of research and came across a few wallet address, less than 5 wallets to be exact that contains a whooping 1.6billion ++ XRP. Would you consider this a XRP whale in the XRP world? Probably you guys have seen bigger ones, I would love to know too. Ever since, I have been tracking them for weeks on the amount of XRP they are holding...and its scary....these wallets has grown from slightly a billion to 1.7 ++ billion in just a few weeks in spite of the volatility. Also, they have quietly amassing 20++ million of XRP per day! Are they big enough to be called whales of XRP? and why are they amassing so much XRP each day adding to their war chests?
Wow..how smart are these whales...just a theory but anyways here goes...they knew Ripple was planing on goin live as of April in Japan, that plus the 31 march announcement regarding Mitsubishi UFJ bank..so what did they do???? They knew the xrp price would probably rise BUT they artificially inflated the price even more with a massive buying spree(mini pump)....next was a snowball effect...people saw the price rise on the exchanges and started to buy buy buy(big pump)...inflating the price further....they knew by Monday...Ripple the company who have been tryn hard to get banks on ther side with a low volatility crypto would then pump more coins in the market to decrease the price....them fujers must have made a killing when it reached $0 .05 then sold off as much as they cld- triggering a price collapse...ie last few hrs of sunday night (UTC) before the asian markets opened....Guess most of us slept dreaming of a $0.1 dollar xrp this week that night....And then we woke up and the reality set in! hehe..wow..fujers..BUT gota appreciate the ingenuity of em buggers...bravo ? ...Any thoughts fellow cryptomaniacs??