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Were do the whales trade


joy
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12 minutes ago, zenkert said:

As far as I know whales usually trade in the oceans, sometimes very deep down below the reach of the sonar...

It appears to me that the market is being clearly manipulated, when I look at this chart, these are wash sales, which I believe are illegal in more mature (regulated) markets. You can imagine how much money is being made as these whales yank the market to-and-fro; this will continue until the next up-swell, when they lose control. Meantime, we sit tight and wait for the seventh wave B)

5a89d65a99205_chart2-18.thumb.png.451b8e2f159298f43401ab10b045215b.png

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I think by 2016 zerpbox standards, 10M+ zerps to be considered a whale... but perhaps it has changed since.

The legendary 30k BTC BearWhale from 2014, if converted to an equal fraction in XRPs of the total ledger, that would be like 250M zerps in a single sell order :)

 

Edited by corak
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3 hours ago, GiddyUp said:

It appears to me that the market is being clearly manipulated, when I look at this chart, these are wash sales, which I believe are illegal in more mature (regulated) markets. You can imagine how much money is being made as these whales yank the market to-and-fro; this will continue until the next up-swell, when they lose control. Meantime, we sit tight and wait for the seventh wave B)

 

How do you know how much of the volume is "wash sales"?

If someone let's say sold some XRP at $1.1 and rebought at $1.07 for some small day trading profit, is that a wash sale to you? where do you draw the line exactly?

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4 hours ago, joy said:

wonder were do ripple employers and  big players exchange High volume of xrp to usd?

Bitstamp, etc where ever has the best liquidity. Also OTC desks at exchanges, and OTC shops like Cumberland, Genesis, itbit and richfund

Edited by Kakoyla
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1 hour ago, corak said:

How do you know how much of the volume is "wash sales"?

The chart lately is showing exact amounts bought/sold, over and over, so that's either an amazing coincidence, or wash sales...

Have a look at an ordinary day's chart:

5a8a1ddcdc8e0_normalchart.thumb.png.437feec6b713954d842c834f00a26a7d.png

Now look at today's chart, exact ups and downs, right?

5a8a1e18d654b_washsales.thumb.png.2ed732dd3ed712a871e29d754db33b51.png

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