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Irrationality of The XRP Market


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Well, average crypto investor only knows that if coin comes to Coinbase its price will increase like 500% ergo they buy it. 

People still think XRP is scam coin, can't expect much from them, do you?

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46 minutes ago, Hodl_eXRPert said:

Well, average crypto investor only knows that if coin comes to Coinbase its price will increase like 500% ergo they buy it. 

People still think XRP is scam coin, can't expect much from them, do you?

FUD it is what you write and LOK. Lack Of Knowledge.

Edited by zenkert
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Once again, great vid!  Solid rant. 

@calex960Question:  In your opinion, do you think this spike and subsequent drop is purely from people speculating about XRP being added to CB or do you think part of it has to do with manipulation by whales using these rumors to their advantage?

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2 minutes ago, kjb138 said:

Once again, great vid!  Solid rant. 

@calex960Question:  In your opinion, do you think this spike and subsequent drop is purely from people speculating about XRP being added to CB or do you think part of it has to do with manipulation by whales using these rumors to their advantage?

If it would be wale attacking, we probably would se a something close to a 2 usd mark. I strongly believe that this was purely done by “incident bystanders “ since the price wasn’t that alluring for a fomo type of hype.

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https://bithomp.com/explorer/rnSehF4jwFeXk6rHFecAztZKL8YHZKHweH

https://bithomp.com/explorer/raTR4W6epXbdBBqDGTUHFtmbfjD3EUY9pA

BearWhale dumped about a week's worth of XRP into the stupid CB rumor. Good for him. Maybe we see the end of his dump next month... 440M XRP remaining.

I'm sure it's not the only whale to dump into that volume surge that came outta nowhere.

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41 minutes ago, corak said:

https://bithomp.com/explorer/rnSehF4jwFeXk6rHFecAztZKL8YHZKHweH

https://bithomp.com/explorer/raTR4W6epXbdBBqDGTUHFtmbfjD3EUY9pA

BearWhale dumped about a week's worth of XRP into the stupid CB rumor. Good for him. Maybe we see the end of his dump next month... 440M XRP remaining.

I'm sure it's not the only whale to dump into that volume surge that came outta nowhere.

Is BearWhale an identified user? I get from the nickname why they're called that but is there a known history?

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the continuous dump from all those 50M XRP wallets originates from a single wallet that had 1 billion XRP in it, then began dumping January 8th, 2018. 

https://bithomp.com/explorer/raZt9CZHwHiAPZPWGLZ4bQJG91Jmdbjccm

That wallet is 4 direct payments away from X.FortKnox.6, so it has to be some kind of insider or early stage investor. Not that many people had 1B XRP to start with...

 

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17 minutes ago, corak said:

the continuous dump from all those 50M XRP wallets originates from a single wallet that had 1 billion XRP in it, then began dumping January 8th, 2018. 

Think that Mellon heir purchased about a billon XRP with $2million in the beginning and he could be cashing out now.  Wouldn't blame him.  This is a good thing in the long run.

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2 hours ago, corak said:

has to be some kind of insider or early stage investor. Not that many people had 1B XRP to start with...

"Steallar" has that much. XRP was not the only coin that spiked in the last 2 days. X_M has been mirroring XRP the last few days.

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5 hours ago, kjb138 said:

Once again, great vid!  Solid rant. 

@calex960Question:  In your opinion, do you think this spike and subsequent drop is purely from people speculating about XRP being added to CB or do you think part of it has to do with manipulation by whales using these rumors to their advantage?

Probably both lol

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4 hours ago, corak said:

Average dumping rate from this guy is about 10M XRP a day so far, so it can't simply be "Ripple". They report their XRP distribution rate, and it is much slower than that.

How is this person able to cash out $10,000,000 worth of XRP a day? Are they just trading it in for BTC/ETH or are they actually selling it for fiat?

Is it even possible to cash out $10,000,000 in fiat anywhere? Don’t most exchanges have limits?

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