misterbigg (OP)
Legendary
 Offline
Activity: 1064
Merit: 1001
|
 |
March 01, 2013, 09:31:02 PM
Last edit: March 15, 2013, 02:29:00 PM by misterbigg |
|
I will track the price in XRPs of one Bitcoin in this thread. If the XRP price goes up it means that XRPs are becoming cheap, while descending values indicate that XRPs are becoming more expensive. For now the price is quoted based on the most liquid gateway (currently Bitstamp). If there is a website that graphs this data automatically please let me know!
Ripple market cap: $78,000,000 (@ $47/BTC)
3/15/2013: 60,000
..
3/13/2013: 58,000
...
3/11/2013: 51,000
...
3/8/2013: 43,000
3/7/2013: 40,500
3/6/2013: 39,500
3/5/2013: 45,000
3/4/2013: 17,350
3/3/2013: 27,500
3/2/2013: 41,388
3/1/2013: 71,000
2/28/2013: 65,000
The Ripple market cap is calculated by dividing the total amount of XRPs in existence (100 billion), dividing by the snapshot average of bid and ask, and multiplying by the price of BTC at the time.
The methodology for determining the day's price is calculated by taking the average of the bid and ask at one moment in time. That there will likely be little to no actual volume available at that price due to the illiquidity of XRPs and the size of the order book.
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
milly6
Legendary
Offline
Activity: 1632
Merit: 1010
|
|
March 01, 2013, 10:00:23 PM |
|
3/1/2013: 71,000
see Ar... thats a much different number than the false number you gave me earlier. |
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 01, 2013, 10:03:31 PM |
|
You know what, internal Ripple trading is even better than that! Currently bitstamps BTC/XRP even shows negative spread, so you can make gazillions of whatever buying at ask, and selling at bid! Highly recommended.
LOL. Well since there is no historical information I'm just tracking the price in a very rough way so we can see it's evolution. |
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 03:14:34 PM |
|
No need to trouble yourself. Anyone interested in historic trades inside Ripple system should subscribe to #ripple-market IRC channel - all the trades are translated there. As well as changes in bid/ask and so on.
There's no historical graph. Anyway, seems that the price of XRP has gone up! I updated the list. |
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 07:18:25 PM |
|
If you want to keep the updated price, please do it properly. I add a new entry once per day. This morning it was at where it was. I don't update it every second. |
|
|
|
|
|
KrLos
|
|
March 02, 2013, 08:00:15 PM |
|
Thanks mrbigg...
arvicco it's buying a lot of xrp, right now is offering 1 btc for 60000 xrp.
but still it's giving almost 1 btc, for all the giveaway, i think xrp will be more expensive later.
So, i want to see how this goes.
Cheerz
|
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 08:06:24 PM |
|
arvicco it's buying a lot of xrp, right now is offering 1 btc for 60000 xrp. Right now you can get 1 BTC for only 41,500 XRP so Arvicco's is paying 33% below market. Or, to put it in other terms, anyone who wants to sell their XRPs would be much better off just doing so through the Ripple client. |
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 08:14:05 PM
Last edit: March 02, 2013, 09:01:15 PM by misterbigg |
|
Whoops, I copied the wrong side of the order book
|
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 08:28:18 PM |
|
...so please get your facts straight... Regardless of the details, the one fact is that your offer is consistently worse than the Ripple order book. Anyone who wants to sell XRP would get more Bitcoins by going through the Ripple than through you. |
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 09:02:08 PM |
|
this is NOT at all correct. Yep, unfortunately you're right about that. The damn Ripple order book sure is confusing. I should have copied the Ask side (right hand side). This doesn't change the fact that you consistently offer worse deals than what could otherwise be obtained via the Ripple client. |
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 02, 2013, 09:14:07 PM |
|
You may repeat this million times, but still it won't become a truth. My offer is in real BTCs, for people who are not interested in IOUs and do not want to learn all the quirks and soldier through all the bugs of beta systems that in-Ripple IOU exchanges are. I have absolutely nothing against more people playing with these exchanges, but why compare apples to oranges? For anyone who values Bitstamp BTC IOUs identically to actual Bitcoins, your prices are consistently worse than what is in the Ripple order book. Just admit it that so we can move on. |
|
|
|
|
|
alexkravets
|
|
March 02, 2013, 10:08:14 PM |
|
Best bids and asks in the BTC/XRP ripple book are usually for such tiny amounts of BTCs that they are meaningless, somebody (hint: ripple.com) needs to publish a 24-hour rolling volume-weighted price (there is a field for last trade but that's empty ATM) based on actual sales.
Soon enough this should emerge on some website, hopefully.
|
|
|
|
seostepza
Newbie
Offline
Activity: 10
Merit: 0
|
|
March 03, 2013, 10:25:07 AM |
|
thank you for info
it would be nice to make a website with historic chart
|
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 03, 2013, 03:22:17 PM |
|
The price of XRP has roughly tripled
|
|
|
|
|
bitcool
Legendary
Offline
Activity: 1441
Merit: 1000
Live and enjoy experiments
|
|
March 03, 2013, 03:37:16 PM
Last edit: March 03, 2013, 06:17:50 PM by bitcool |
|
2/29/2013: 65,000
Fact or fiction? |
|
|
|
|
demonicuss
Newbie
Offline
Activity: 7
Merit: 0
|
|
March 03, 2013, 03:37:56 PM |
|
why XRP costs so much?
|
|
|
|
|
misterbigg (OP)
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
March 03, 2013, 04:12:21 PM |
|
2/29/2013: 65,000
Fact or fiction? It was the average of the bid and ask at the time I looked. Keep in mind that the market for XRPs is not very liquid so there will be large fluctuations and a thin order book. |
|
|
|
|
bitcool
Legendary
Offline
Activity: 1441
Merit: 1000
Live and enjoy experiments
|
|
March 03, 2013, 06:20:38 PM |
|
2/29/2013: 65,000
Fact or fiction? It was the average of the bid and ask at the time I looked. Keep in mind that the market for XRPs is not very liquid so there will be large fluctuations and a thin order book. Last time I checked, 2013 is not a leap year. But if you come from a parallel universe, I can understand that. |
|
|
|
|
milly6
Legendary
Offline
Activity: 1632
Merit: 1010
|
|
March 03, 2013, 06:35:16 PM |
|
This doesn't change the fact that you consistently offer worse deals than what could otherwise be obtained via the Ripple client.
You may repeat this million times, but still it won't become a truth. My offer is in real BTCs, for people who are not interested in IOUs and do not want to learn all the quirks and soldier through all the bugs of beta systems that in-Ripple IOU exchanges are. I have absolutely nothing against more people playing with these exchanges, but why compare apples to oranges? Except that it is the truth Arvicco and now we have reports coming out that you arent paying out the Btc. Sellers beware! |
|
|
|
huggybear
Member
Offline
Activity: 73
Merit: 10
|
|
March 03, 2013, 07:10:18 PM |
|
It was the average of the bid and ask at the time I looked. Keep in mind that the market for XRPs is not very liquid so there will be large fluctuations and a thin order book.
and therefore your daily update is currently senseless the last ask price when i looked was ~37,000xpr at a amount of 0.00255 btc thats are ~95 xrp you can sell in other words a daily update at this time is more irritating than it have a certain added value |
|
|
|
|
|
