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tony71

Does this sound like the Shane Ellis Theory??

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In reality, all these theories about price suppression(for 2 years now nonetheless) and that XRP is more manipulated that any other coin out there are just made up by people who can't accept that the market value of their coin just isn't that high and that wall street and bankers just aren't investing in it, at least not yet. That's where all these crypto conspiracies theories come from, refusing to accept the obvious truth, and not just for XRP, but for every crypto coin.

Its one thing to say some whales are building a huge buy/sell wall and holding for a few days but to claim whales have suppressed the value of a coin for 2 years almost while the entire market is going down ... must be sniffing that glue pretty hard.

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On 11/12/2019 at 4:24 PM, Archbob said:

In reality, all these theories about price suppression(for 2 years now nonetheless) and that XRP is more manipulated that any other coin out there are just made up by people who can't accept that the market value of their coin just isn't that high and that wall street and bankers just aren't investing in it, at least not yet. That's where all these crypto conspiracies theories come from, refusing to accept the obvious truth, and not just for XRP, but for every crypto coin.

Its one thing to say some whales are building a huge buy/sell wall and holding for a few days but to claim whales have suppressed the value of a coin for 2 years almost while the entire market is going down ... must be sniffing that glue pretty hard.

The XRP price has been seriously manipulated,  as well as the whole cryptocurrency space. It was already admitted by the former FTC chairman. Along with gold and silver, which is also heavily manipulated by the same forces. Anything that threatens the US dollar is manipulated. Not by whales, by forces much bigger. This isn't conspiracy. If you seriously think that XRP .25 cent valuation is real, then you know nothing about Ripple and XRP. This crypto market was taking off and as soon as the Bitcoin derivatives launched, the market was crushed . Has been ever since . Same way they keep gold and Silver down. With the derivatives market 

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49 minutes ago, Truthseeker said:

The XRP price has been seriously manipulated,  as well as the whole cryptocurrency space. It was already admitted by the former FTC chairman. Along with gold and silver, which is also heavily manipulated by the same forces. Anything that threatens the US dollar is manipulated. Not by whales, by forces much bigger. This isn't conspiracy. If you seriously think that XRP .25 cent valuation is real, then you know nothing about Ripple and XRP. This crypto market was taking off and as soon as the Bitcoin derivatives launched, the market was crushed . Has been ever since . Same way they keep gold and Silver down. With the derivatives market 

The dollar can not keep on going like this, something has to give

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1 hour ago, Truthseeker said:

The XRP price has been seriously manipulated,  as well as the whole cryptocurrency space. It was already admitted by the former FTC chairman. Along with gold and silver, which is also heavily manipulated by the same forces. Anything that threatens the US dollar is manipulated. Not by whales, by forces much bigger. This isn't conspiracy. If you seriously think that XRP .25 cent valuation is real, then you know nothing about Ripple and XRP. This crypto market was taking off and as soon as the Bitcoin derivatives launched, the market was crushed . Has been ever since . Same way they keep gold and Silver down. With the derivatives market 

It was a complete Bubble in 2017, everybody could see that. Yes, the derivatives hurt, but it was going down anyways. It was way too high. There was no utilization in 2017, or even now, that justifies those high prices for crypto.

Edited by Archbob

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7 hours ago, Truthseeker said:

The XRP price has been seriously manipulated,  as well as the whole cryptocurrency space. It was already admitted by the former FTC chairman. Along with gold and silver, which is also heavily manipulated by the same forces. Anything that threatens the US dollar is manipulated. Not by whales, by forces much bigger. This isn't conspiracy. If you seriously think that XRP .25 cent valuation is real, then you know nothing about Ripple and XRP. This crypto market was taking off and as soon as the Bitcoin derivatives launched, the market was crushed . Has been ever since . Same way they keep gold and Silver down. With the derivatives market 

This is exactly what's going on . The cryptocurrency space will have higher prices once the elite let it so or not whatever been decided by the big boys.

 

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On 11/11/2019 at 7:07 AM, 2ndtimearound said:

The Shane Ellis """"""""""""""theory"""""""""""""" relies on ignorance of how the wider market works.  I can't believe this has to be debunked over and over and over.  The theory takes an exchange in complete isolation and thinks ALL OTHER EXCHANGES would somehow (bizzarely) just follow the price of that single exchange.  "Suzie Esoteric Systems" says that the exchange that sees a price spike would go to other exchanges and publicly buy XRP (since they're all out of XRP) and that would drive the price up on other exchanges.  This is like a supermarket running out of fruit and veg so they go to other supermarkets and retail-buy fruit and veg from their rivals.  It's like wholesale isn't a thing.  It's like Ripple selling XRP wholesale (programmatic sales) isn't a thing and that an exchange could buy off Ripple with a couple of mouse-clicks.  No, that can't happen apparently - the exchange would weirdly buy it on Coinbase's retail app like some 13 year old kid, driving up Coinbase's price.  Then Brian Armstrong, in a mad panic, would log into his retail Bitrue account and buy up XRP there, to stock up Coinbase's XRP.  Hurr durr $589.  Also, apparently arbitrage doesn't exist according to this theory.  Nor does the theory take into account that there's a sell on another exchange....so if the theory is correct, then the sell would have an equal and opposite impact on price....even though in reality two exchanges that represent a tiny tiny percentage of overall XRP volume have minimal impact on XRP's price on other exchanges.   Let's even imagine that the theory works....who on earth is going to buy the $5 or $50 or $500 XRPs on this one exchange when they're available for 28 cents on other exchanges? Arbitrage smoothes out price differences across exchanges.  Exchanges also put their own asks if a order book gets too thin....remember that exchanges buy XRP, right? Why do you think they do that?  I shouldn't bother countering the theory....everytime I sever its head, two more heads pop up.  

I would like to first simplify your example and de-rant it a bit since it is very good . 

 If a supermarket (Orderbook) runs out of fruit (Xrp) then a second supermarket( second Orderbook) just immediately fills in the needed fruits (XRP) (-imagine beaming the fruits).

 This is a great function of the xrp ledger(called bridging) and thus would normaly debunk the shane ellis theory.  - (see paths on the https://xrpl.org/  I added a picture for a better understanding).

 

When I say normally your know there is some more.

As you can see via normal order there is no way Shane Ellis could be right!

But we still have gateaways. Since i dont know the specific functions of a gateway I dont know if it would be possible there. For example there is bitso gateway for mexico. This gateway is a so called issuing GatewayAll currencies on this gateway , except for XRP, take the form of issuances tied to this specific issuing gateway. So I dont exactly know if an specific issued gateway order can use different order books for its xrp executions. If this would be the case Shane Ellis could still be right. 

I would  be happy if you have information on that specific case!

paths-examples.png

Edited by Talinos

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