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Are whales real or is it just an excuse we tell ourselve to feel better about not mooning?s

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11 hours ago, fero said:

Are whales real or is it just an excuse we tell ourselves to feel better about not mooning? 

Fairytales... just like Peter Pan.

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17 hours ago, Viggo said:

The whales are Ripple them selv selling of billions in XRP! 

It is an inconvenient truth that Ripple is logically among those who have the most incentive to stabilise the price in the short to medium term.

 

 

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Posted (edited)
11 hours ago, Freaky said:

Fairytales... just like Peter Pan.

what are you telling?

not real? no neverland? no lil Tinker Bell?

 

next you want to make us know that there is no Santa?

Edited by xSODAx

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3 hours ago, XRP-JAG said:

It is an inconvenient truth that Ripple is logically among those who have the most incentive to stabilise the price in the short to medium term.

 

 

I would imagine that greed applies to the guys over at Ripple too. Many have worked for little money building this biz, paid in XRP, these guys have car payments, rent, insurance, need beer money, wants a new watch or that nice veycay with the wife. Easy to sell off just a few mill each... In all honesty why do you think we are not rising ? People buy XRP world wide....and someone, with huge stacks, are always selling. 

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23 hours ago, fero said:

Are whales real or is it just an excuse we tell ourselves to feel better about not mooning? 

They are real. Both as individuals and as consortiums working together.  I have seen small amounts of their work live, watched someone claim to do something, then do it.  (such as P&D). it's real. 

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Posted (edited)
12 hours ago, Freaky said:

Fairytales... just like Peter Pan.

So, when you see a 1 minute +10% green candle appearing on multiple exchanges simultaneously out of nowhere on a quiet day after weeks or months of consolidation around a stable price, you contribute that to a large number of retail buyers magically deciding to buy an asset at the same time (usually within the same second)?

 

Or is it more likely that an entity with a large stack (a.k.a. a whale) decided to place an order to push the price up?

 

Which of these two options is more likely? If there’s a third option, please let me know.

 

EDIT: the same goes for buy and sell walls. Is it more likely that a large number of retail investors put a sell order at a random 0.432156 USD price, and then all at the same time remove that order (called spoofing, fake orders), or that a single entity with a large stack (a.k.a. a whale) does that?

 

EDIT2: If your response was sarcasm, accept my apologies :)

Edited by QWE

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On 6/18/2019 at 5:59 PM, itcdominic said:

I will admit I don't fully understand why we don't experience positive movement with excellent new yet watch crapcoins start at .0002 and then settle up and around $6 on no news at all.

However, I not selling my bags and continue to buy when I can. I have no desire to unload before 5-10 years.  I also got in early 2017.

Because they have not that many coins, thts why their price goes up so fast

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2 hours ago, Paramas said:

Because they have not that many coins, thts why their price goes up so fast

it's not really about how many coins they have although you're sorta saying the same thing. but a small market cap coin with low volume is easy to pump. 
CSC for instance has about the same circulation as XRP but people on this forum can, and have, pumped it on accident before just because there was zero volume and zero liquidity. 

and I'm talking about $1,000 or smaller orders that pumped the price 10%.

https://coinmarketcap.com/currencies/casinocoin/

 

Now imagine being a "whale" with hundreds of thousands of dollars or millions to spend.  There's at least one person this forum with close to $500k in xrp. That person could moon csc in a day.

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Just now, RegalChicken said:

it's not really about how many coins they have although you're sorta saying the same thing. but a small market cap coin with low volume is easy to pump. 
CSC for instance has about the same circulation as XRP but people on this forum can, and have, pumped it on accident before just because there was zero volume and zero liquidity. 

and I'm talking about $1,000 or smaller orders that pumped the price 10%.

https://coinmarketcap.com/currencies/casinocoin/

 

Now imagine being a "whale" with hundreds of thousands of dollars or millions to spend.  There's at least one person this forum with close to $500k in xrp. That person could moon csc in a day.

But that whale wouldn't be able to easily exit the coin. P&D are very careful to run their project around hype and news, bring on new bag holders so that when the price spikes 40% they can slowly start unloading their bags on the up and be completely out of it before the last bagholder clicks "market buy"

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7 hours ago, QWE said:

Which of these two options is more likely? If there’s a third option, please let me know.

Don’t underestimate the effect of arbitrage bots. They profit by selling at a high price on one exchange, and immediately buying the asset back on a different exchange, and driving the price up. A large whale order on one exchange will certainly have a spillover effect on other exchanges. The bots compete with each other for these profits, and the fastest ones take the most gains. What looks like a coordinated buy on many exchanges may simply be the result of arbitrage bots helping to level out the price and earning a small profit in the process. 

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11 hours ago, XRP-JAG said:

It is an inconvenient truth that Ripple is logically among those who have the most incentive to stabilise the price in the short to medium term.

I have respect for your knowledge and insights.  So I’m wondering if you know something here I don’t (that wouldn’t be hard...)

I’ve argued against this ‘truth’ many times. I have a number of facts that dispute it and yet in all of those conversations I’ve never yet seen anyone offer either: 

a fact to support it

or

a rationale as to WHY they need a stable price.  

 

Can you elaborate your view?

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Posted (edited)
39 minutes ago, Tinyaccount said:

I have respect for your knowledge and insights.  So I’m wondering if you know something here I don’t (that wouldn’t be hard...)

I’ve argued against this ‘truth’ many times. I have a number of facts that dispute it and yet in all of those conversations I’ve never yet seen anyone offer either: 

a fact to support it

or

a rationale as to WHY they need a stable price.  

 

Can you elaborate your view?

I've no special insight or knowledge to 'know' anything more than most. What I do do though is try to apply logic, and also flip the question around.

We would probably all agree Ripple / XRP is pretty much unique in the space. Who else has so much backing in place, real world teams, real world contracts, actual good news and sat in the room with the IMF etc, so why on earth is that price not doing anything?! If we agree the price should be higher, then I guess we also agree something is keeping the price unnaturally down.

Is it some random whale(s)? If it is....then why? I've seen various explanations, but I don't see any making sense. Some BTC fan boys who hate XRP so much they'll spend their money trying to crash the price... unlikely. Huge institutional investors/speculators who want to buy in cheap... well they've had forever to do that already. Whales just playing to make money... but they'd want to create mini price surges to cash in/out. 

On the other side of it, have to remember Ripple are not flogging XRP as a 'get rich quick' scheme to their clients. The profit for the banks comes from the lower transaction fees. The price of the XRP should actually be fairly irrelevant to them... so long as they can sell their XRP for what they paid for it. Ripple need somebody to hold XRP, be that a money maker or client themselves. Business craves certainty, and is not going to want to hold a volatile asset on their balance sheets. The whole "we can save you 50% on yours costs" sales pitch does not work if there is a big unknown risk of the asset dropping in value too. Yes, Ripple want to see the price go up as they hold a huge bag. But, everything is easier all round if that price rise is slow and steady... and the escrow means they can't sell today anyway. They in no rush.

Standard crime solving at the end of the day... opportunity, motive and means. If we accept the price is suppressed, who else realistically fits the bill as our perpetrator and is a more likely suspect?

 

 

Edited by XRP-JAG

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Just to further add...

I'd be interested to hear the counter arguments @Tinyaccount, can we maybe get Ripple a good alibi to show they did not commit the crime? :biggrin:

Also, I trust that IF Ripple are somehow keeping the price low/steady, then that is because that is precisely what needs to be done for the long term success of the project. Slow & steady wins the race!

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3 hours ago, XRP-JAG said:

Standard crime solving at the end of the day... opportunity, motive and means. If we accept the price is suppressed, who else realistically fits the bill as our perpetrator and is a more likely suspect?

Well as I mentioned earlier...    every single discussion I’ve had basically boils down to that,  just as you have done.   There IS no evidence that Ripple 

a) want a stable price

b) work to keep it stable.  

So I will invoke the razor and say that instead of a conspiracy to suppress price,  let’s just assume that the market forces of all involved cause the price behaviours.

 

3 hours ago, XRP-JAG said:

The whole "we can save you 50% on yours costs" sales pitch does not work if there is a big unknown risk of the asset dropping in value too.

But that is a red herring.   The business doesn’t hold XRP for more than a minute and the prices are pre-confirmed so volatility is irrelevant.  

3 hours ago, XRP-JAG said:

Business craves certainty, and is not going to want to hold a volatile asset on their balance sheets.

True dat.   That’s why they have set up  XRapid as they have...   no need to hold XRP.  Market makers will hold but they are managing that risk with their spreads.  

 

So there is more ore that could be said but I’ve done it many times and am loosing enthusiasm for it.  In a way I was partly hoping you had a new piece of info that I hadn’t heard.  So colour me totally unconvinced I’m afraid.

 

A bit of general info on why they DONT want to hold price down:

https://fudbingo.com/ripple-wants-to-suppress-the-price

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