Jed's XRP sales prediction Feb 7-14 2021

[BarnBuilder]

Thanks everyone.  I'm interested in who is buying these coins.  I struggle to believe the retail investor buys these up at every sale.  If it isnt the retail investor then who is it?  That would be worth knowing.  I sense there is a story in those sales.

[Nat99]

9 hours ago, BarnBuilder said:

I struggle to believe the retail investor buys these up at every sale. 

Is he selling the entire amount at once? We can only observe the wallet moves. The actual selling pattern is likely done by an algorithm and spread over multiple smaller sell trades. I might have bought from him the other day.

[Neurotoxin]

10 hours ago, JASCoder said:

You can also trade directly with XUMM's wallet IIRC.

Yes I actually made a dummy proof guide on this after figuring out how to do it myself to trade XRP for Bitstamp USD IOU’s. You can then send these IOU’s to your Bitstamp acc and they show up as USD. You can then wire them out or do as you wish. @RobertHarpool Was the one who originally pointed me in that direction, although he told me to be careful trading large amounts as he wasn’t sure whether there was enough traffic in the DEX to execute the order? Something like that. I think the DEX has more liquidity than we think. 

[Triceratops]

1 hour ago, Nat99 said:

Is he selling the entire amount at once? We can only observe the wallet moves. The actual selling pattern is likely done by an algorithm and spread over multiple smaller sell trades. I might have bought from him the other day.

he is selling chunks of 250k

[Neurotoxin]

1 hour ago, Triceratops said:

he is selling chunks of 250k

Wish his bot would malfunction and send ME a chunk of 250k zerps. He wouldn’t even notice it 😂 that’s like sitting on a random sofa and it swallowing a $20 off his pants for him. 

[Nat99]

11 hours ago, Triceratops said:

he is selling chunks of 250k

so I did buy from him

[Triceratops]

On 5/30/2021 at 10:44 AM, Triceratops said:

16mil per day it is for the next week. Brings him down to 1.25B, 1B is in sight

So about one month of low volume later the day is here, today the stash will drop below 1B

[Neurotoxin]

27 minutes ago, Triceratops said:

So about one month of low volume later the day is here, today the stash will drop below 1B

Awesome, I was thinking about the taco stand in these past few days and was about to come here and post to ask how it’s going but always forgot. Thanks for the update  

[Triceratops]

Just a reminder, sub 900m ~ 881m to go

[Dario_o]

is XRP price already reflecting the fact that selling pressure is going to lighten up in the next few months or not?

[grunish]

I cannot image it hasn't any influence. 

[BillyOckham]

7 hours ago, Dario_o said:

is XRP price already reflecting the fact that selling pressure is going to lighten up in the next few months or not?

I fear there will be many disappointed believers when Jed finally is finished and the price is unaffected.  People seem to be unable or unwilling to see the difference between an effect and a significant effect.  
 

The pressure of his sales is overblown I believe.  Also the method used is not widely understood so people think the wrong things about it.  He sells on the upside of the spread.  So is adding liquidity without pushing down hard on the price.

But I could be wrong.  Time will tell.

[brianwalden]

22 minutes ago, BillyOckham said:

I fear there will be many disappointed believers when Jed finally is finished and the price is unaffected.  People seem to be unable or unwilling to see the difference between an effect and a significant effect.  
 

The pressure of his sales is overblown I believe.  Also the method used is not widely understood so people think the wrong things about it.  He sells on the upside of the spread.  So is adding liquidity without pushing down hard on the price.

But I could be wrong.  Time will tell.

For me it's a moral victory. I lived through the Jedpocalypse and it will finally be over.

[BillyOckham]

50 minutes ago, brianwalden said:

For me it's a moral victory. I lived through the Jedpocalypse and it will finally be over.

Absolutely understand and agree although I wasn’t aware of it till years later.

[Triceratops]

 

So here we are! This week will be another milestone: sub 700M.
And as @LeonidasH pointed out, the funding wallet is now empty. Exciting times ahead, I hope the volume keeps up and we will se a 0 in the Tacostand by the end of November-December.

Edited September 1, 2021 by Triceratops