xrp price glitch coinbase

[joematty06]

some exchanges have had a 'glitch" where xrp prices have jumped from around current price to a crazy price level of 8300$ for a small time frame of a minute or so.

now all the articles ive looked at say its a glitch but could it be possible that ripple were testing their odl if it were live for a moment? and causing it to skyrocket? or did some one goof.

[Guest]

10 minutes ago, joematty06 said:

or did some one goof.

I think, if it is not a glitch but a real price that someone paid,  that it was much more likely a goof.

[peanut56]

Chance in h!@# it was not a glitch. I hope it was not it glitch, but some extremely intense live testing, that was behind the scenes and anyone who paid that price is compensated.

[joematty06]

was just thinking about it

 

after reading these across multiple exchanges it had happened and different points of last year.

https://www.thedigitalcrypto.com/ripple-xrp-japanese-glitch-priced-xrp-at-2000-why-it-could-be-the-true-value-xrp-must-be-stable/

 

and coinbase

 

different price but testing different corridors at a different time?

 

 

[joematty06]

in mean all of this is, is just a big what if

 

would be nice

[Andy_79]

8000 USD XRP would not be realistic anyway with the large amount of supply.

[0083041]

Do these price glitches happen with other cryptos? I think that would be the question.

[Fleshmeister]

I see that hope isn't dead yet. Do you really think the price will ever hit $8300? Really?

[Andy_79]

38 minutes ago, Fleshmeister said:

I see that hope isn't dead yet. Do you really think the price will ever hit $8300? Really?

Nope

[Paradigm]

54 minutes ago, Fleshmeister said:

I see that hope isn't dead yet. Do you really think the price will ever hit $8300? Really?

It could happen with hyperinflation. Although $8300 wouldn’t be worth nearly as much as it is today. 

[Sharkey]

1 hour ago, Fleshmeister said:

I see that hope isn't dead yet. Do you really think the price will ever hit $8300? Really?

if it ever went that high, then we'd all be standing in line to buy a head of cabbage at $1,000,000+. 

[peanut56]

$8,300 , only if xrp somehow captures nearly the entire market. We are in the early stages of this asset class. There are approximently 40X the number of xrp than there are BTC when the divisibility of each coin is taken into account.  The question that has to be asked is what drives price? Is it marketcap, daily volume, speculation, usage, or others not accounted for? So, who knows, I do not.

If it was daily volume then xrp would need to trade 1.4 daily volume if compared to BTC and the relationship was linear. Market Cap= I'm not going there it is an absurd number. Speculation=IDK.

Edited March 2, 2020 by peanut56

[SquaryBone]

21 hours ago, Andy_79 said:

8000 USD XRP would not be realistic anyway with the large amount of supply.

Don't try to make too much sense! Remember that it was 589 like 2 years ago.

[Andy_79]

1 hour ago, SquaryBone said:

Don't try to make too much sense! Remember that it was 589 like 2 years ago.

Even 589 USD seems unrealistic to me. If we ever see 10 USD, that would be massive.

[SquaryBone]

48 minutes ago, Andy_79 said:

Even 589 USD seems unrealistic to me. If we ever see 10 USD, that would be massive.

I was convinced my sarcasm was gushing through  10 USD would be insane returns. Maybe if we are extremely lucky it could go to 100 in maybe 10 years or more.

I'd be happy with anything over 10 USD.