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Guest Vinnie

Ladies and Gents: XRP sets a new record!

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Guest Vinnie
20 minutes ago, Rchopra said:

How comd there is so much price difference between gatehub bitstamp and poloniex...? Its crazy. .001785 on gatehub .02018 on bitstamp and .02089 on polo

A market price becomes more accurate when there is more liquidity ("depth"). Poloniex has more liquidity than most of those exchanges combined.

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1 hour ago, tommytrain said:

Seriously, beware the Polo pump


Sent from my iPhone using Tapatalk

Agree, but at the same time look at what the polo pump did for ether. When ether initially went from $3 to $20, I remember specifically, 98% of volume was on Poloniex.

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Guest Vinnie
13 hours ago, tommytrain said:

Seriously, beware the Polo pump

What does this even mean? Poloniex has become the top exchange. And because of arbitrageurs, prices on other exchanges follow them.

Poloniex has done more XRP volume than all banks / Ripple partners combined (a guess).

Like it or not, Poloniex is THE market for XRP. Ignore it at your own peril.
 

Edited by Vinnie

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On 4/1/2017 at 3:41 AM, Vinnie said:

What does this even mean? Poloniex has become the top exchange. And because of arbitrageurs, prices on other exchanges follow them.

Poloniex has done more XRP volume than all banks / Ripple partners combined (a guess).

Like it or not, Poloniex is THE market for XRP. Ignore it at your own peril.
 

It means there's a history of coordinated altcoin pump/dumps on this exchange.

"ignore" was hardly the sentiment.

2 days after warning ... here comes big pump and it looks like some got caught buying into the dump before price settling back into steady rise.

04-04-2017-08-29-34.png

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Guest Vinnie

Can't argue with that!

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On 3/31/2017 at 4:00 PM, Vinnie said:

Yes

So glad you are holding Vinnie, btw, I am waiting for a day, when polo is not the single most majority exchange with max depth/liquidity. People shoudl have more avenues, and exchanges to interact with XRP. I think it is coming, will look forward. 

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Guest Vinnie
3 minutes ago, R8102V1D2D said:

So glad you are holding Vinnie

Holding Bitcoin!

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1 hour ago, Vinnie said:

Holding Bitcoin!

i'm nervous about the possibility of a fork -- i know you explains why you didn't think it was a issue but still... markets might react irrationally anyway

i guess if you're thinking longer-term it'll settle back down anyway eventually 

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