Jed's XRP sales prediction Feb 7-14 2021

[jbjnr]

31 minutes ago, Triceratops said:

Weekly XRP Trade Volume is defined as the total amount of XRP traded on the Ripple consensus ledger during a given week between Sunday midnight Pacific Time through the following Sunday midnight Pacific Time

Oooh - that's interesting. I missed the point about pacific time - that explains why my previous calculations were out - my Sunday volumes were based on UTC and never quite came out right. I will have another look at this and see if my numbers match up better with the offset shifted.

[Triceratops]

27 minutes ago, jbjnr said:

Oooh - that's interesting. I missed the point about pacific time - that explains why my previous calculations were out - my Sunday volumes were based on UTC and never quite came out right. I will have another look at this and see if my numbers match up better with the offset shifted.

May I ask you a question, where do you get your trading volume information from?

@jbjnr

[Neurotoxin]

What’s it looking like now? Surely with all the volume that has been going on, Jed could sell a larger portion. Based on how things have gone recently, when might he run out of zerps? (I understand it’s been a short amount of time, but give it a week and then we’ll see where the volume is at). Surely his taco stand should run out sooner than we originally anticipated? I can’t wait for him to be out. 
Imagine zerps reached a dollar, then the next day Jed finishes selling the last of his zerps, and the next day xrp gets relisted on all the major exchanges like Coinbase and Bitstamp. Boom! Space-rocketmoonshot$589madness!

Edited April 6, 2021 by Neurotoxin
I’m just fooling around in that last sentence, c’mon guys you know the $589 thing is a joke (for the time being anyway)

[Triceratops]

26 minutes ago, Neurotoxin said:

What’s it looking like now? Surely with all the volume that has been going on, Jed could sell a larger portion. Based on how things have gone recently, when might he run out of zerps? (I understand it’s been a short amount of time, but give it a week and then we’ll see where the volume is at). Surely his taco stand should run out sooner than we originally anticipated? I can’t wait for him to be out. 
Imagine zerps reached a dollar, then the next day Jed finishes selling the last of his zerps, and the next day xrp gets relisted on all the major exchanges like Coinbase and Bitstamp. Boom! Space-rocketmoonshot$589madness!

A nice graph and some sales numbers can be found here, including the averages and potential dates when he runs out:

https://jed.tequ.dev/

If the volume keeps on increasing one can assume that some earlier dates are also possible.

Just for comparison, during one week in February Jed dumped 38m daily, if this weeks daily volumes continue like this, the weekly volume will be similar and we can expect around 35m-40m daily dumps in 2 weeks.

Edited April 6, 2021 by Triceratops
Included comparison

[jockeyng]

22 minutes ago, Triceratops said:

A nice graph and some sales numbers can be found here, including the averages and potential dates when he runs out:

https://jed.tequ.dev/

If the volume keeps on increasing one can assume that some earlier dates are also possible

Thanks for the link, I don't know there is such a tracker.

Just a side comment, assume that XRP price is $0.5 on average, Jed is netting in $5 million weekly.

I wonder the purpose of selling when you have so much money that you can't spend in a life time. Adding more numbers to your bank account become a trouble task. Maybe that's why I can never be one of these people.

[Triceratops]

9 minutes ago, jockeyng said:

Thanks for the link, I don't know there is such a tracker.

Just a side comment, assume that XRP price is $0.5 on average, Jed is netting in $5 million weekly.

I wonder the purpose of selling when you have so much money that you can't spend in a life time. Adding more numbers to your bank account become a trouble task. Maybe that's why I can never be one of these people.

Yes indeed, numbers a normal person can only dream about...

[Neurotoxin]

14 minutes ago, jockeyng said:

Adding more numbers to your bank account become a trouble task. Maybe that's why I can never be one of these people.

You don’t need to manually do any of it. You have wealth managers do this for you while you do other, more important things that actually require your attention and effort. 

[EasterBunny]

Only person I know of who became a billionaire because of his incompetence. 
 

Also laughing a bit as his stellar network has been down for 5 hours and counting...

[Triceratops]

@jbjnr Did you already calculate the daily sale amount for the last week? I did some calculations and I think we could look at 75m daily sales next week, accounting for last weeks insane volume, what do you think about that number?

Edited April 12, 2021 by Triceratops
Rewording

[VanHasen]

On 4/6/2021 at 9:54 AM, jockeyng said:

I wonder the purpose of selling when you have so much money that you can't spend in a life time. Adding more numbers to your bank account become a trouble task. Maybe that's why I can never be one of these people

I could imagine he sells XRP to pump up XLM... Who knows but nevermind he will be running out of xrp soon enough

[jbjnr]

22 hours ago, Triceratops said:

@jbjnr Did you already calculate the daily sale amount for the last week? I did some calculations and I think we could look at 75m daily sales next week, accounting for last weeks insane volume, what do you think about that number?

Not yet. I started upgrading my scripts last night, but didn't get them finished. I have to download the volume data from CryptoCompare top tier in hourly form instead of daily, then do the time adjustment and resample to daily amounts. then rerun the main calculation. Volume recently has been high, so we can expect some serious sales in the coming weeks. I should finish the scripts tonight (got to work now). Will post when done. (Hard to concentrate on work when price is going crazy - 1st world problems). 

[wogojump]

10 hours ago, jbjnr said:

Not yet. I started upgrading my scripts last night, but didn't get them finished. I have to download the volume data from CryptoCompare top tier in hourly form instead of daily, then do the time adjustment and resample to daily amounts. then rerun the main calculation. Volume recently has been high, so we can expect some serious sales in the coming weeks. I should finish the scripts tonight (got to work now). Will post when done. (Hard to concentrate on work when price is going crazy - 1st world problems). 

Jed finally running out of of XRP has been a huge anticipation for many people over the last few years, including myself.  I plan on using this as one of my personal triggers for selling my XRP holdings, when Jed's holdings fully deplete.  Which could come very soon if XRP continues to blow up in this bull market.

Edited April 13, 2021 by wogojump

[HenrySeldom]

30 minutes ago, wogojump said:

 I plan on using this as one of my personal triggers for selling my XRP holdings, when Jed's holdings fully deplete. 

Why tho? Seems bullish no?

[wogojump]

1 hour ago, HenrySeldom said:

Why tho? Seems bullish no?

In the past crypto bull markets, XRP has typically trailed at at end of the cycle. XRP and other cryptocurrencies typically drastically increase in value for the ~6 month bull run period, then significantly decline after.

I do agree Jed running out of XRP is bullish and helps remove a significant ongoing sell factor for XRP.  But, I am anticipating the hype for Jed running out of sales and price of XRP being traded at this future time, will be over hyped/valued.  I am expecting a significant correction may be due shortly after this event.  Every cryptocurrency bull run so far, has had a significant crash after the bull market ends.

I will still consider buying back in after this bull market ends, based on positive factors like selling pressure being reduced.  One factor to consider as well, is Ripple and their executive's ability to still mass sell XRP after the SEC lawsuit is finished. At this time, it appears they will most likely still be able to continue selling XRP (which eventually is bought back by retail investors).  There are no guarantees how much and what strategies they will continue to use for selling XRP.

Edited April 13, 2021 by wogojump

[KarmaCoverage]

On 4/6/2021 at 3:54 AM, jockeyng said:

Thanks for the link, I don't know there is such a tracker.

Just a side comment, assume that XRP price is $0.5 on average, Jed is netting in $5 million weekly.

I wonder the purpose of selling when you have so much money that you can't spend in a life time. Adding more numbers to your bank account become a trouble task. Maybe that's why I can never be one of these people.

Jed's actions aren't and never have been sound business decisions. I got a strong smell that he was unable to accept CL's sound vision for how an IoV may be built.

The phrase back then was, "Banks like Universities are the custodians of Value, like Universities are the custodians of information". That was a great insight, that has panned out well.

As for folks who have tons of money, I know a few (one lost over $100 million with Madoff), I always think about what my real estate finance professor would say to students who made a rounding error, "oh well, what's a zero between a couple of friends". Then he would mark it wrong.

I think at this point, Jed's efforts have amounted to nothing more than a giveaway to those of us who were more willing to look at the reality of the situation. So at the end of they day all I can say is, "Thanks, bye".