[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 23 KB, 800x512, 5c267a92240000540758b4d3.jpg [View same] [iqdb] [saucenao] [google]
23444275 No.23444275 [Reply] [Original]

The situation for XRP is FAR WORSE than previously estimated.

At current sales, Jed McCaleb sells over 1.2 MILLION USD worth of XRP every single day. This is even more than Bitcoin block rewards. He has roughly 4 billion XRP left, so, at least, about 3-5 years left of selling.

ABANDON SHIP. MOVE TO BTC OR OTHER ALTS. DO NOT EXPECT XRP TO GO UP UNTIL JED IS DONE SELLING HIS XRP. THIS IS A STATISTICAL FACT, EASILY OBSERABLE BY THE PAST 4 YEARS OF SELL PRESSURE.

Source of Jed dumpings:
https://bithomp.com/explorer/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv

https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-54-million-xrp-in-april

>> No.23444305

>>23444275
>Another FUD bingo thread

Sad!

>> No.23444513

>>23444305

>Conviniently ignores statistical evidence while his investment plunges

Typical schizo

>> No.23444530

>>23444275
Pretty sure this fud is from 2015

>> No.23444596

>>23444530
wow he's been dumping everyday since 2015? that's fucked up.

>> No.23444884

>>23444596
He is selling more and more. His agreement went from 0.5% of volume to 1,5%, hence why he is now selling truckloads of XRP every day.

Why do you think XRP has had the worst performance of all cryptos?

>> No.23445027
File: 304 KB, 1125x889, 3A7AA2C0-45E9-466D-925D-080CD19D4C47.jpg [View same] [iqdb] [saucenao] [google]
23445027

>>23444884
Rajneesh, I’m not buying your coins. I already have you flirted out. I only buy crypto from companies with partnerships in the fortune 100. You know, like Bank of America? I buy American. Seethe all you want, but I’m not selling my bridge asset for the CBDC future.

>> No.23445100

>>23444275
What kind of fucking brainlet or nigger buys XRP? lol

>> No.23445112

Is this bullish for XLM?

>> No.23445821

>>23445100
Some people believe it or not

>>23445027
You dont have to. Jed is selling 24/7, buy some of him.

>>23445112
In theory, yes but there no evidence Jed is moving his XRP sales to pumping XLM.

>> No.23445858

as opposed to keeping it all? he HAS to sell it cheap. very cheap. nobody would cooperate otherwise.

>> No.23446069
File: 7 KB, 280x180, images.jpg [View same] [iqdb] [saucenao] [google]
23446069

>>23445858
Despite him being solely responsible for both XRPs creation and demise, I don't blame him for selling. But am fully aware that while he does, XRP is the same abysmal 'investment' it has been for the past 4 years.

>> No.23446134

>>23444596
would you not do it if you could make 1 mil per day off your shitcoin?

>> No.23446232

>>23444275
1.2 million of XRP a day, if XRP is adopted as the interbank CBDC bridge it is shaping up to be, is small potatoes. Not even fries. Barely shreds of potatoes. And as he is in contract not to dump more than 1.2 million/day, it will never be harsher than that. If (when) adopted, 1.2 million is less than negligible.