$251.51 Million Not Sure I feel about this

[ZzZerper 89]

https://www.ripple.com/insights/q2-2019-xrp-markets-report/

XRP has underperformed the last 6 months compared to other crypto.

A period when Ripple has sold record amounts of XRP, not to mention seeing even David S sell a substantial amount.

How do you feel? Makes me feel uneasy TBH.

 

 

[MangoCat 646]

6 minutes ago, ZzZerper said:

https://www.ripple.com/insights/q2-2019-xrp-markets-report/

XRP has underperformed the last 6 months compared to other crypto.

A period when Ripple has sold record amounts of XRP, not to mention seeing even David S sell a substantial amount.

How do you feel? Makes me feel uneasy TBH.

This has been heavily discussed all over this forum.

Also the report addressed the amount they have been selling in Q2 and how it will be reduced going forward.

[Zedy44 2,761]

Yes they are selling record amounts of XRP, but also simultaneously agreeing that going forward OTC sales will be handled differently.  One big item mentioned was the elimination of OTC sales for institutions where liquidity within those institutions markets are sufficient to meet their needs via direct exchange purchases on the open market.  They did not break down how much of the existing institutional sales come from those kinds of markets, but I'd guess at least 50% or more with Ripple now focusing on the under-serviced markets to drive XRP OTC sales.

This is a good thing in major markets like US and SE Asia where liquidity is strong...new institutional entrants will likely have a higher chance of sourcing their XRP purchases through exchanges going forward.

Quote

Institutional (OTC) Sales
Ripple’s long-term view is that efficient, liquid XRP markets should resemble the traditional FX markets, given XRP’s use case of global value transfer. As a large portion of FX trading occurs on the OTC markets, in 2017, Ripple began providing, through XRP II, a licensed subsidiary, OTC purchases of XRP to meet institutional demand, at a time when XRP/USD liquidity was limited. Since then, XRP listings increased as Ripple has partnered with the top digital asset brokers and used inventory to serve as a backstop for XRP liquidity. This allowed these OTC liquidity providers the ability to source XRP, even when institutional quantities of XRP were difficult to access across exchanges.

Ripple decided to pull back from providing XRP over-the-counter at scale toward the end of Q2, in light of the OTC desks’ ability to source institutional demand for XRP in the open markets. Going forward, Ripple plans to focus institutional sales on markets where the on-exchange liquidity for XRP is insufficient to meet institutional demand.

 

[codiusrex 854]

4 minutes ago, ZzZerper said:

How do you feel? 

Feel or think?  I feel great!  My thoughts about my speculative $$ in @Ripple‘s XRP reminds of a long time ago wasting a few grand on some crooks trading pink sheets on Wall Street. 

[Yodaxrp 1,282]

13 minutes ago, ZzZerper said:

not to mention seeing even David S sell a substantial amount.

How do you feel? Makes

David S selling a substantial amount!? If I remember good we're talking about 2.3-2.6 mio xrp.... F... nothing in comparison to daily volume.

[ZzZerper 89]

Fact is they could see XRP holders falling behind every crypto and they chose to sell more than ever.

[ZzZerper 89]

I struggle a bit with referencing daily volumes. If 10s -100s millions of new tethers can have such dramatic upward effect on BTC, surely sucking hundreds of millions of real $$$ out of XRP market can have a big impact. Please tell me if my logic is wrong. I really want to stop worrying so much about this.

[automatic 3,765]

5 minutes ago, ZzZerper said:

Fact is they could see XRP holders falling behind every crypto and they chose to sell more than ever.

Trying to FUD up a positive report, eh?  Maybe read what @Zedy44 said again. 

If you still feel uneasy afterwards then maybe xrp is not for you.  Sell into something else and sleep well at night.

[BarryPotter 144]

Reputation of 3?? Ye il ignore this poor attempt at FUD

[Benchmark 19,983]

36 minutes ago, ZzZerper said:

Fact is they could see XRP holders falling behind every crypto and they chose to sell more than ever.

You gotta read some more topics on this. 

[XRP-JAG 1,981]

As @Zedy44 says, the big take away is the redirection of institutional buyers to market to buy XRP.

VERY IMPORTANT. Firstly (and obviously) this means more buy pressure on the price. Secondly (and maybe over looked) is that Ripple believe now that the market is in a position to support them orders. This now is the part where the organic growth in the XRP market comes in. Your 'Marker Makers' etc step in to meet the demand rather than Ripple.

Fantastic news!

[quetzalcoatl 216]

Jesus not this again.  

[BiffTannen 4,433]

5 minutes ago, XRP-JAG said:

As @Zedy44 says, the big take away is the redirection of institutional buyers to market to buy XRP.

VERY IMPORTANT. Firstly (and obviously) this means more buy pressure on the price. Secondly (and maybe over looked) is that Ripple believe now that the market is in a position to support them orders. This now is the part where the organic growth in the XRP market comes in. Your 'Marker Makers' etc step in to meet the demand rather than Ripple.

Fantastic news!

I'm out of the loop on this. Institutions now have to buy on the open market?

[XRP-JAG 1,981]

Just now, BiffTannen said:

I'm out of the loop on this. Institutions now have to buy on the open market?

Ya'll  gotta scroll up 

[ZzZerper 89]

8 minutes ago, XRP-JAG said:

As @Zedy44 says, the big take away is the redirection of institutional buyers to market to buy XRP.

VERY IMPORTANT. Firstly (and obviously) this means more buy pressure on the price. Secondly (and maybe over looked) is that Ripple believe now that the market is in a position to support them orders. This now is the part where the organic growth in the XRP market comes in. Your 'Marker Makers' etc step in to meet the demand rather than Ripple.

Fantastic news!