55B $XRP now in escrow
Posted Dec 8, 2017, 12:52 AM UTC
21450
Let's see what happens.
7
It's gonna fly. Supply was the biggest issue with XRP.
8
You have fundamentally failed to understand what's happened here. The circulating supply of XRP is still the same. There aren't 55 billion XRP in the market to be sucked out to dramatically increase the value per coin. The 55 billion locked in cryptographic escrow were from Ripple's own supply, it was to prevent them flooding the market (not that they would). They are being released for Ripple to use as they see fit. The supply available to the market at large is exactly the same. This will encourage financial institutions and banks to use XRP and give them confidence in a predictable supply, which will increase the price a lot over time. Not overnight. The value of XRP will be tied to it's use, this is the whole point for longevity and growth. Things that have value based on speculation are volatile, things which have their value mostly tied to everyday use are less so.
Read this: https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/
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Thanks but I'm well aware of what this means.
-7
Didn’t they lock up 55 of the billions they held though? Pretty sure the circulating supply is exactly the same.. which means the immediate effects on the price may not be that dramatic.
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No I get that. But it will still take time for those FI’s to start using XRP which will drive the price up.
1
Not now. First, banks and FI will trust Ripple more and they will partner up. It's going to take some time, because we are talking about banks.
3
I beg to differ. The relationships and money is already there.
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No, being able to buy it easily is its biggest issue.
2
The supply for all coins is the exact same. A coin or a 'unit' is just broken down to different levels.
With crypto, there is no more utility in 1 coin than there is with .65 of a coin or .34444 of a coin.
Now of course escrow is something much different. But I see this fallacy thrown out there so often and it is complete and utter nonsense.
1
It's still shows 99B coins on xrpcharts.ripple.com.
0
It won't reduce the total supply, it just puts it in escrow. That reduce the total supply available.
4
Been a tough week looking at the btc I spent on xrp with regret... Hopefully this gets things moving upwards again.
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Good morning guys. While you are asleep, we Europeans keep monitoring the market. The news had no impact.
3
Also, the way that BTC is flying right now, other coins just aren’t getting the same attention.
2
Price shot up to $0.25 on coinmarketcap. Now should I sell the news and wait for it to drop, decision decision decision.
2
Why even bother with XRP if you're going to bail on it at a fucking quarter? Stick it in a wallet and come back in 5 years or move onto something else.
3†
Because he can buy back when it goes down to 19c which it's on its way to doing and maybe make a $2000 or whatever for clicking a few buttons.
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Darn, I was banking on XLM announcements to pump before XRP escrow was announced.
1
If someone is expecting a 1 billion xrp supply per month to have any effect in price.... No.
1
Yes bring xrp back!!!
0
What do you mean not now? It clearly says the ledger is at 99B.
-3
Every month they will release 1B XRP in for next 54-55 months. The unused XRP will be locked at end of months and new 1B XRP will be released from beginning of next month. The unused from this month will be available again after 55th month.
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0
can you please help me understand what this means? is this a way to 'make the price stable' unlike bitcoin that is very volatile? thus giving a sense of security for other investors (banks etc) in the coin?
1
The key is will this break the $0.30 resistance barrier, AND STAY above $0.30, not fall back to $0.25
You do know it already has been over $0.30 right? and that it is $0.22 right now. Right? LMAO
Yes I know it's been over $0.30 before, but did you see the part were I said "AND STAY" above $0.30
Im not trying to be a dick, im also hodling XRP for a very long time now and I wont sell but its starting to piss me off.
No your not being a dick, your just expressing your frustration as you should. I agree with you 100% , I'm in the same boat man. I have a nice size bag that i'm hodling that I dig into every once in awhile to make some gains in other cryptos I have, but for some reason bringing up the notion of cashing out to make gains on other coins or venting your frustration from time to time is "HEAVILY CRITICIZED" here.
We are back to $0.25 and for good reason. XRP has been greatly undervalued for far too long. I see it breaking beyond $1 in 2018. Once Ripple starts announcing more partners. etc.
It will blast through .30 like a hot knife through butter.
Or people will sell for a quick buck.
I've also read that BTC whales suppress the price.
There's a loooot of Btc In the sell order book to get to and stay above 1700sat..
^ hate to say it but I agree, the whales who actually invest in XRP try to take profits and that seems to be what sends it back down. The issue with that is the trading volume but the good thing is that over the past 24 hours it has had a volume of 4x more trades than usual, and I'd really hope that would continue.
It's not even for profit. They're keeping the price down so all eyes on Bitcoin to profit on there.
Doubt it
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uhh...I know you mean well, but you don't know anything.