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Buying Ripple credits: 40,000 xrp for .1 BTC
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Topic: Buying Ripple credits: 40,000 xrp for .1 BTC (Read 837 times)
mobydick
(OP)
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Activity: 62
Merit: 0
Buying Ripple credits: 40,000 xrp for .1 BTC
April 10, 2013, 04:11:00 AM
Last edit: June 14, 2018, 09:55:18 AM by mobydick
#1
edit: no longer trading
arthurb
Jr. Member
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Activity: 31
Merit: 1
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 10, 2013, 03:12:19 PM
#2
Buying 30,000 xrp for .1 BTC, pm me
Wit22
Member
Offline
Activity: 103
Merit: 10
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 11, 2013, 04:42:34 AM
#3
Buying 28,000 XRP for 0.1 BTC, pm me
arthurb
Jr. Member
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Activity: 31
Merit: 1
⇾
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 13, 2013, 02:09:05 PM
#4
Buying 20,000 XRP for 0.1 btc
dchapes
Member
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Activity: 84
Merit: 10
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 14, 2013, 02:26:56 AM
#5
Quote from: arthurb on April 13, 2013, 02:09:05 PM
Buying 20,000 XRP for 0.1 btc
As a public service announcement for others reading this ...
If you're not lazy, instead of taking these offers:
Open a free
bitstamp.net
account
Go to
Deposit->Ripple
and follow instructions or select the "Send using Ripple web client" button.
In the Ripple client on the send page fill out the form to send a small amount of BTC (say 0.01) to Bitstamp
Notice that one of the payment options is to use your XRP
Note the exchange-rate/price is way better
*
Increase the amount of BTC to send until you're sending as much of your XRP as you care to (if you increase the amount too much the client will be unable to give you a payment option, obviously)
Select "Send XRP" to make the exchange and tranfer
Go back to bitstamp.net, go to their
Withdraw BTC
page
Enter in any bitcoin address you control
Enjoy your bitcoin at a better rate
*
*
Currently ~49500 XRP per BTC, instead of the 200,000 XRP per BTC offered here. That means for each (say) 5000 XRP you send/sell you'll get ~0.101 BTC instead of 0.025 BTC.
IMO, Ripple questions are best asked (and answered) on the
Ripple forum
and/or
StackExchange
milly6
Legendary
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Activity: 1632
Merit: 1010
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 14, 2013, 02:48:18 AM
#6
Quote from: arthurb on April 13, 2013, 02:09:05 PM
Buying 20,000 XRP for 0.1 btc
This is an extremely terrible deal.. i really hope no one sells for this low.
Eyes open, No Fear. Be Safe!
Trinity: Currency Without Bias
freequant
Hero Member
Offline
Activity: 770
Merit: 500
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 14, 2013, 03:31:19 AM
#7
Please stop making OTC buy/sell threads: if you want to buy or sell Ripples, go to Ripple and place your orders.
drawingthesun
Legendary
Offline
Activity: 1176
Merit: 1015
Re: Buying Ripple credits: 40,000 xrp for .1 BTC
April 14, 2013, 04:37:04 AM
#8
Quote from: dchapes on April 14, 2013, 02:26:56 AM
Currently ~49500 XRP per BTC
This is genius.
At the rate of 50,000 XRP per Bitcoin, the ripple team are sitting on a stash of over 80,000,000,000 XRP with a value of 1,600,000 Bitcoin.
I wonder if the system will ever be opened up? Or if the team are simply selling as many XRP on the exchanges as possible before the fools handing over Bitcoin run out.
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