Bitcoin Forum

Original: https://xrptalk.org/topic/2629-selling-my-xrp/

The price is plummeting. What does everyone think?

xrp were not meant to be a currency. just the stamp that gets licked onto each ripple transaction to cover ripples costs of their service.

if he is dumping all his ripple then he is dispersing more stamps to circulation to continue transactions to flow.

It doesn't particularly seem to be confirmed. So until then it's just rumor, no?

Anyone knows what is the status of Jed's secret project now ? Is this anyway related to that ? Like he's probably going to kick start his project (for which he was looking for alpha testers) and hence getting rid of Ripple.

He sent 1 XRP to a user from his personal XRP account. It has also been verified through email and IP.

Seems very real since the poster has access to the account with all the ripple.

I don't have many xrp. Waiting to see if it hits the market in one big hit or if some big investor buys it all from him in private. I see some people wanting to hear his price. What do you estimate he would ask for it all factoring in the price impact of dumping all of that at one time?

$25M?

buy more

I sold everything. There is enough proof there to prove that it was Jed.

He can't possibly sell everything on an exchange... or can he?

I bought some on the dip, almost hit it at the bottom.
Such a big stake will be moved off the books for sure.

Lick those nipples!!


uhh stamps


uhh ripples


 ;D ;D ;D

Why would he be so stupid to dump it on the market?
I bet he has offers flying in already for the whole lot.

 Sounds extremely questionable on more than one level.

 Even if true just very recently a German bank became a Ripple Gateway as I recall ? , so it's not like their not finally making some real progress.

 Ripple isn't a competitor of Bitcoin or other Cryptocurrencies, many don't understand that either, but that's no surprise. Ripple can be used to transfer and send payments in any currency, cryptocurrency or otherwise.



 As for this: https://xrptalk.org/topic/2629-selling-my-xrp/
 
 I wonder why Jed would be using a Newbie profile there, and right there this is just far too fishy to want to wade in any deeper imo. This is just too fishy. review all the posts. Far too fishy...


 Jed will go public if this is legit soon enough, but even so it wont cause myself to sell off any of the ripple that was given to many of us here at bitcointalk.org in early 2013.



 Buy on the rumor, and sell on the news. Not the other way around.

 Besides maybe it's a hostile takeover. That could be a good thing for holders of ripples long term, depending...


Patience.

Well, if someone just wanted to buy cheap and created the rumor to initiate a panic sell, it was definitely successful :D

Haha, NWO, was it you?
The wallet address posted is no evidence, there might be other fat wallets.

I wait for Jed to come out and say its bullshit. Watch the ripple effect then.

Nice one indeed.
Lets wait to hear from Jed himself.

Oh man, announcement will plummeting the price way more then him selling it..

LOL, so just one guy sells his "premine" and Ripple instantly loses 40% of its price? ;D
What happens when other investors decide to abandon the ship?

btw, still not cryptocurrency.

very bad news for XRP IMO. but they can probably struggle through it.

There is no struggle, Ripple Labs is doing astoundingly well:

• https://ripple.com/forum/viewtopic.php?f=15&t=6862&start=110#p49087 (https://ripple.com/forum/viewtopic.php?f=15&t=6862&start=110#p49087)

I personally think it is a good idea. I would rather Jed dump now than later. IMO this would have a larger effect if it was announced after multiple banks came on-board and XRP was trading on an all time high. It also means 1 of 3 huge XRP holders are out.

Hope yourself and Chris go ahead with the plan to sign an agreement about your respective amounts.

Perfectly fine with me, never believed in Ripple anyway, and don't own any.

He made $40million of of this.

XRP isn't suppose to be a coin that holds value.  If bitcoin is gold, then XRP is kindling for a fire.  XRP's purpose is literally meant to be burnt.  It is an anti-spam product.  Bitcoin is suppose to be valuable in the Bitcoin network.  In the Ripple network the valuable products are the IOUs for dollars, euros, gold..... not XRP.  It is better if he dumps it.  I bought XRP before I figured this all out.  Since then it has gone down and then gone down more.  But really, it is not that big of a deal.  Ripple is a very slick payment processing tech.  Way more useful than bitcoin.  But Bitcoin is first and a different model so I invest in it more.

You owe me 6 BTC, NWO.

This is a pure piece of corporate propaganda, baby.

The only actual number is 54 employees (may or may not be true)...
Which means they are burning through cash rapidly...
And constantly going hat in hand to venture investors.

Show me some actual REVENUE numbers for the Ripple network...
I don't care about unexplained "transaction volume" or XRP trading volume from Ripple Charts.

Post a link... and show me some hard numbers.

Chris Larsen helped start Prosper.com, another company that isn't profitable and just burns through money at an alarming rate.

Where Larsen personally faced SEC charges...
And Prosper had to carry out major regulatory changes to stay in business.

The regulators haven't even started on Ripple yet...
Because they are always in a state of chaos... and too small to matter.

They have been in business in California for 3 years...
I'm sure they have proper Financial Statements which are all RED INK...
But the Larsen's and Jed's of this world always GET FUCKING PAID in good old USD.

why he announced it before dump?

And how many BTC do you owe those who lost BTC on your site coinlenders? lol

ROFL. Scammer claiming someone owes them BTC when they lost/stolen a f*ckton of BTC.

Not to mention the pool of volunteer program helpers they had with the bounty carrot in front that they rarely paid.

Ohh the irony  ::)


Even though I don't owe him 6 BTC... He was trying to blackmail me.

He could have predicted such a crash..

...this is the end, my friend.... my only friend, the end

This seems odd, to have such a break is one thing, to turn around and really kill the market is another.  Maybe the other major stakeholders in xrp will make him an offer or convince him to reconsider and sell in a more orderly manner.