Jump to content
StopMakingSense

How Much XRP do people here have?

Recommended Posts

On 6/23/2019 at 8:43 AM, Rehtori said:

I've been looking this for a while and for example the 1% club was about 73k few months ago and now it's 68k. Same kind of movement with other levels. Is there any logical explanation? I'm not fully convinced with those numbers.

The raw data can be downloaded and even the Downloader is open source, so feel free to check it ☺️

Share this post


Link to post
Share on other sites

Zero now.

 

I ran the numbers on the likelihood of xrp hitting $100+ versus CasinoCoin just needing to reach $1.

 

CasinoCoin won.

 

If I had the same amount roughly that I now have been able to accumulate of CSC, instead in xrp, I could have been at around 20-25k xrp.

 

But I much prefer having 15 million CSC.

Share this post


Link to post
Share on other sites
Posted (edited)
18 hours ago, DividendGamer said:

Zero now.

 

I ran the numbers on the likelihood of xrp hitting $100+ versus CasinoCoin just needing to reach $1.

 

CasinoCoin won.

 

If I had the same amount roughly that I now have been able to accumulate of CSC, instead in xrp, I could have been at around 20-25k xrp.

 

But I much prefer having 15 million CSC.

Good luck with selling that when it gets to $1.

Edited by AlejoMoreno

Share this post


Link to post
Share on other sites
Posted (edited)
9 hours ago, AlejoMoreno said:

Good look with selling that when it gets to $1.

Exactly. I'm not tracking CSC's real world progress, but a 24hr volume of 33k dollars is... a dead project. I understand Dividend is trying to push CSC on this forum. Every new investor adds a couple of percent volume to it.

A lot has to happen to make that go anywhere. Who knows its an undiscovered pearl in the future, for now it went -23% last day. Good news is that it's not linked to BTC.

Edited by Caracappa

Share this post


Link to post
Share on other sites
4 hours ago, Caracappa said:

A lot has to happen to make that go anywhere. Who knows its an undiscovered pearl in the future, for now it went -23% last day. Good news is that it's not linked to BTC.

The lack of volume/liquidity makes it rather easy for it to go somewhere.... Up and down though. Good for trading a playstash.

It’s main volume is from the XRP pairing on Bitrue. Used to find that it didn’t follow XRP though. When XRP went up, there was fomo from CSC back into XRP.

Made a nice chunk on the recent run.

Share this post


Link to post
Share on other sites
Guest
23 minutes ago, RileySchleinstein said:

Will XRP holders from the $1 era ever break even? ODL seems to work just fine for Moneygram and co. with a 17-cent token.

Economics, in contrary to popular belief, is a social science. There are good reasons to suspect that the ability of the social sciences to predict the future is currently and coincidentally, and also fundamentally limited. 

Any event is always predicted by a few people if there are enough people making predictions about it. After all, someone usually wins the lottery, too – and twice a week, at that. In both situations, a person can be right without having known anything.

To answer your question. Flip a coin.

Share this post


Link to post
Share on other sites
26 minutes ago, RileySchleinstein said:

Will XRP holders from the $1 era ever break even? ODL seems to work just fine for Moneygram and co. with a 17-cent token.

That's for only 5 corridors ;-)... https://ripple.com/xrp/market-performance/

Still 367 times ??/country to go...(https://remittanceprices.worldbank.org/en/about-remittance-prices-worldwide

Works for me ;-))

afbeelding.thumb.png.7e6f4098f13a564fe2ffce7fae7f96fa.png

Share this post


Link to post
Share on other sites
3 hours ago, RileySchleinstein said:

Will XRP holders from the $1 era ever break even? ODL seems to work just fine for Moneygram and co. with a 17-cent token.

At this point I think almost everyone (who is not trading) is wondering when they will break even on most digital assets. Everything just continues to go down. We don't even seem to know where the bottom is.

ODL functioning isn't necessarily dependent on price. There will always be XRP on the market to buy and sell. Market makers will never let the market dry up. 

Share this post


Link to post
Share on other sites
Posted (edited)
14 hours ago, AlejoMoreno said:

At this point I think almost everyone (who is not trading) is wondering when they will break even on most digital assets. Everything just continues to go down. We don't even seem to know where the bottom is.

ODL functioning isn't necessarily dependent on price. There will always be XRP on the market to buy and sell. Market makers will never let the market dry up. 

Yes. Many asset classes are down now due to the coronavirus and the oil price war, but most digital assets are really down. Maybe XRP (as an investment) will be considered a mistake in a few years time, even if ODL is a widespread success.

Edited by RileySchleinstein

Share this post


Link to post
Share on other sites
On 4/3/2020 at 4:23 PM, RileySchleinstein said:

Yes. Many asset classes are down now due to the coronavirus and the oil price war, but most digital assets are really down. Maybe XRP (as an investment) will be considered a mistake in a few years time, even if ODL is a widespread success.

Try telling that to the people who bought  XRP @00.5 or most digital assets before 2016 , crypto didn’t begin in December 2017 😂😂 

Share this post


Link to post
Share on other sites
3 hours ago, Trentsteel said:

Try telling that to the people who bought  XRP @00.5 or most digital assets before 2016 , crypto didn’t begin in December 2017 😂😂 

That's true. I'll rephrase. In 2025, XRP might be considered a good long-term investment (2015-2025) but not a good mid-term investment (2020-2025).

There are too many variables at the moment. We can't yet assert that high ODL volume = high token price. We are reduced to speculating about multiple factors:

  • More ODL corridors -> higher ODL volume -> higher token price
  • Central banks increase the supplies of USD, EUR, JPY, etc. -> fixed-supply currencies like BTC, ETH and XRP become more appealing
  • Fiat currency inflation -> gold rush -> eventual over-valuation of gold -> digital currencies appear less risky
  • Crises re. paper gold and custody issues -> digital currencies appear less risky
  • BTC goes bonkers again -> BTC exchanged for ETH, XRP, etc. 
  • Major banks or tech companies (Apple Pay, Samsung Pay, etc.) announce the use of ODL -> higher token price, driven by both utility and speculation

Anyone is welcome to add more factors to the list.

Share this post


Link to post
Share on other sites

×
×
  • Create New...