akashmehta Posted December 14, 2017 Share Posted December 14, 2017 This is the official wallet listed on Ripple's website but still the XRP-USD price is lower than major exchanges. What could be the reason? Just curious. knoxy 1 Link to comment Share on other sites More sharing options...
knoxy Posted December 14, 2017 Share Posted December 14, 2017 Yeah good call! Has been something that has annoyed me a lot but being in NZ I don't have many choices for exchanges. akashmehta and Rchopra 2 Link to comment Share on other sites More sharing options...
akashmehta Posted December 14, 2017 Author Share Posted December 14, 2017 1 minute ago, knoxy said: Yeah good call! Has been something that has annoyed me a lot but being in NZ I don't have many choices for exchanges. Yeah, everywhere else it is soaring beyond $ 0.5 and gatehub is still around .437 knoxy 1 Link to comment Share on other sites More sharing options...
rootvegetable Posted December 14, 2017 Share Posted December 14, 2017 It's not actually trading much below market. For some reason there is a reporting error happening on coinmarketcap and possibly elsewhere. If you log on to gatehub you can see the order books and they are pretty close to market price. Although at times, for a few hours here and there I have seen gatehub lag behind by as much as 10c, but it doesn't last long. akashmehta 1 Link to comment Share on other sites More sharing options...
akashmehta Posted December 14, 2017 Author Share Posted December 14, 2017 18 minutes ago, rootvegetable said: It's not actually trading much below market. For some reason there is a reporting error happening on coinmarketcap and possibly elsewhere. If you log on to gatehub you can see the order books and they are pretty close to market price. Although at times, for a few hours here and there I have seen gatehub lag behind by as much as 10c, but it doesn't last long. I agree to that but when market goes down it is the first one to go down and when it is going up it takes hours to go up. Kind of weird. Link to comment Share on other sites More sharing options...
XRP-4live Posted December 14, 2017 Share Posted December 14, 2017 Never use the exchange at gatehub!!! Use Trade than you get the ok price Link to comment Share on other sites More sharing options...
XRPesusChrist Posted December 14, 2017 Share Posted December 14, 2017 My opinion is probably due to the difficulty of setting up the account and the majority who currently use Gatehub invested 'older' money when the price was hovering at 20c. before the recent boom. i think maybe in a week or so any new accounts being raised following the current rapid expansion of new investors and GH accounts should then level the price up as they will invest at the overall market cost. simply put, I think the 'older' users do not see value in paying the current market rate @50c.+ Link to comment Share on other sites More sharing options...
EasterBunny Posted December 14, 2017 Share Posted December 14, 2017 Price still lagging by 0.1 on gatehub. My guess is that there is not enough USD.Gatehub available on the network to buy XRP, and the people that deposit into gatehub tend to buy and hold. I have a friend waiting for verification since 11/24, so there may be a wave of new money waiting to get in. Link to comment Share on other sites More sharing options...
Javim777 Posted December 14, 2017 Share Posted December 14, 2017 Good place to buy small amounts, cheap XRP. Link to comment Share on other sites More sharing options...
Guest Posted December 14, 2017 Share Posted December 14, 2017 Price is way off on gatehub. Link to comment Share on other sites More sharing options...
rainbowhunter Posted December 14, 2017 Share Posted December 14, 2017 (edited) 3 hours ago, DjemDiamond said: Price is way off on gatehub. Yell me about it!! my wallet value USD / no of XRP = 0.382 cents, sure it will catch up at some point? Edited December 14, 2017 by rainbowhunter Link to comment Share on other sites More sharing options...
ThomasV Posted December 14, 2017 Share Posted December 14, 2017 (edited) I suppose there is arbitrage opportunity here, as of 12/14/17 7:15 AM EST, In addition the credit card buy option on Bitstamp may be driving a higher demand. Edited December 14, 2017 by tvm67 Link to comment Share on other sites More sharing options...
ThomasV Posted December 14, 2017 Share Posted December 14, 2017 issues got worse as of 12:30 est on 12/14, wish I knew how to get that arbitrage easy, too busy with other stuff. ughh Link to comment Share on other sites More sharing options...
Broncofan1983 Posted December 14, 2017 Share Posted December 14, 2017 I have also noticed the difference in price. My question is, when I decide to sell some of my xrp, how do I do that and get the best price? It seems like if I sell them on gatehub I will lose money, whether I convert to BTC or USD on gatehub, if their price is lagging then I lose money regardless. Should I send the xrp to bitstamp first??? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now