joy Posted February 18, 2018 Share Posted February 18, 2018 All the time people talk about security and not to keep money in exchanges I wonder were do ripple employers and big players exchange High volume of xrp to usd? Link to comment Share on other sites More sharing options...
RTKen Posted February 18, 2018 Share Posted February 18, 2018 (edited) Yeah, dont keep them there. Transfer it, do your buy in and then transfer back to wallet. I think they do as everybody else, only with bigger money Edited February 18, 2018 by RTKen Link to comment Share on other sites More sharing options...
zenkert Posted February 18, 2018 Share Posted February 18, 2018 As far as I know whales usually trade in the oceans, sometimes very deep down below the reach of the sonar... XRPHdlr, Jacknife, stean and 3 others 2 4 Link to comment Share on other sites More sharing options...
GiddyUp Posted February 18, 2018 Share Posted February 18, 2018 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 Link to comment Share on other sites More sharing options...
MemberBerry Posted February 18, 2018 Share Posted February 18, 2018 How many does someone need to be called a whale? Link to comment Share on other sites More sharing options...
corak Posted February 18, 2018 Share Posted February 18, 2018 (edited) 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 February 18, 2018 by corak Link to comment Share on other sites More sharing options...
corak Posted February 18, 2018 Share Posted February 18, 2018 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 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? Link to comment Share on other sites More sharing options...
Kakoyla Posted February 18, 2018 Share Posted February 18, 2018 (edited) 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 February 18, 2018 by Kakoyla Link to comment Share on other sites More sharing options...
GiddyUp Posted February 19, 2018 Share Posted February 19, 2018 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: Now look at today's chart, exact ups and downs, right? Link to comment Share on other sites More sharing options...
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