Buying Ripple XRP: BTC - 1 BTC for 25,000 XRP

[tclo]

So, you got your free Ripples in the Giveaway (https://bitcointalk.org/index.php?topic=145506.0), but have no use for them?  You can sell them to me for some easy and quick $...here is the procedure:

- Check current exchange rate (see subject of thread).
- Login to your Ripple client.
- Click "Send" tab, transfer your XRP to my address rNXqK4ibcwi2JGmi8dJigTuszcinC61ths, confirm.
- PM me on this forum with your Ripple address (to check the amount of XRP that you sent) and your bitcoin address.
- I will send the appropriate amount of BTC to your bitcoin address as soon as I confirm your transfer. Normally, it only takes a few minutes, but in the worst case it may be a few hours.

I only need a limited quantity of Ripple XRP. So I reserve the right to stop buying XRP once I get enough. Any transfers I get in excess of my needs I'll return to the sender immediately.

If you feel more comfortable, we can break this up into smaller transactions.  I've done two sales so far and both very satisfied.

-----------------------------------------
Current rate: 25,000 XRP per 1 BTC.

[dchapes]

Current rate: 75,000 XRP per 1 BTC.

So if you send me 19,800 XRP received in the giveaway (the system won't let you send the last 200), you'll get 0.264 BTC.

As a public service announcement for others reading this ...

If you're not lazy, instead of taking the OP's offer:

• 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, so for the 19,800 XRP the OP mentions you'd get ~0.4 BTC instead of the 0.264 being offered here.

[freequant]

This post is a shameless complete rip off of Arvico's XRP purchase thread (cf quotes belows).
tclo litteraly stole Arvico's intellectual property.
I would think twice before sending him any money.

As dchapes mentions, it's fairly easy to sell your XRPs on Ripple.
You'll get a much better price, and won't be at risk of being scammed.
And you'll have learned something useful on the way.

So, you got your free Ripples in the Giveaway (https://bitcointalk.org/index.php?topic=145506.0), but have no use for them?  You can sell them to me for some easy and quick $...here is the procedure:

- Check current exchange rate (see subject of thread).
- Login to your Ripple client.
- Click "Send" tab, transfer your XRP to my address rNXqK4ibcwi2JGmi8dJigTuszcinC61ths, confirm.
- PM me on this forum with your Ripple address (to check the amount of XRP that you sent) and your bitcoin address.
- I will send the appropriate amount of BTC to your bitcoin address as soon as I confirm your transfer. Normally, it only takes a few minutes, but in the worst case it may be a few hours.

(I can send USD instead if you prefer...just convert BTC price to USD and I can send as a Paypal "gift"..so no chance of chargeback...or Amazon gift card.)

I only need a limited quantity of Ripple XRP. So I reserve the right to stop buying XRP once I get enough. Any transfers I get in excess of my needs I'll return to the sender immediately.

If you feel more comfortable, we can break this up into smaller transactions.

-----------------------------------------
Current rate: 75,000 XRP per 1 BTC.

So if you send me 19,800 XRP received in the giveaway (the system won't let you send the last 200), you'll get 0.264 BTC.

So, you got your free Ripples in a Giveaway (https://bitcointalk.org/index.php?topic=145506.0), but have no use for them? Sell them to me, here is the procedure:

1) Check current buy rate (see below).
2) Login to your Ripple client.
3) Click "Send" tab, transfer your XRP to my address rnZoUopPFXRSVGdeDkgbqdft8SbXfJxKYh, confirm.
4) PM me on Bitcointalk with your Ripple address (to check the amount of XRP that you sent) and your bitcoin address.
5) I will send the appropriate amount of BTC to your bitcoin address as soon as I confirm your transfer. Normally, it only takes a few minutes, but in the worst case it may be a few hours if I'm away from keyboard.

I only need a limited quantity of Ripple XRP for my experiments. So I reserve the right to stop buying XRP once I get enough. Any transfers I get in excess of my needs I'll return to the sender at once.

One more thing, for people with high enough WoT rating, I'm ready to send BTC first, just PM me.

-----------------------------------------
Current rate: 100,000 XRP per 1 BTC.
If you send me 19,800 XRP received in a giveaway (the system won't let you send the last 200), you'll get 0.198 BTC.

[tclo]

As a public service announcement for others reading this ...

If you're not lazy, instead of taking the OP's offer:

A lot of people aren't "lazy", they just don't have time to do the long process that you describe.   Thiis much simpler and a 25% higher rate than the other guy is offering.  Let people decide for themselves what their time and trouble is worth.

And I don't see a way to get people to send you money via Paypal on the ripple site.

[tclo]

This post is a shameless complete rip off of Arvico's XRP purchase thread (cf quotes belows).
tclo litteraly stole Arvico's intellectual property.

"Intellectual property"?   Are you serious?

I purposely made my post similar to his as a point of comparison.  I'm paying TWICE as much as he is.

[tclo]

adjusted the price even higher

[tclo]

Crap, I should've copyrighted the whole "Buying Ripple XRP" thing in the very beginning!
Seriously though, this is a free market and I don't mind copycat postings.  

Thank you...of course you are too smart to care, and looks like the competition is lowering prices, which is a good thing for all the sellers out there.  

I have not gotten any sellers yet...was just too late the party, I'm afraid.  But I am raising my offer price by 10%...probably won't go any lower than that though because OpenCoin could dump billions of XRPs on the market soon and will cause their value to drop, most likely...just depends on how much their marketing counteracts that effect.

[tclo]

This is really serious concern, and I think people just underestimate possible effect of a massive XRP "distribution" that is about to happen. In May, Ripple is coming out of beta, and OpenCoin will be giving away billions of XRP in wide-scale campaigns. They can easily run something like "every Facebook account can request 20K XRP for free!" which will be adding billions of XRP to the market in no time....

Yes that is the big impending question and why I'm not paying more than I am for XRP.  It really is a calculated risk.  The price could drop 80% in a few days with a flood of supply on the market. 

[tclo]

adjusted the rate even higher.

[kokojie]

+1 for tclo, I traded my XRP for BTC without a problem, fast transaction and communication.

[tclo]

+1 for tclo, I traded my XRP for BTC without a problem, fast transaction and communication.

Thank you for the very smooth transaction.  And I just raised the amount I am paying for anyone else who is interested.

[mobydick]

This is really serious concern, and I think people just underestimate possible effect of a massive XRP "distribution" that is about to happen. In May, Ripple is coming out of beta, and OpenCoin will be giving away billions of XRP in wide-scale campaigns. They can easily run something like "every Facebook account can request 20K XRP for free!" which will be adding billions of XRP to the market in no time....

Where did you get this information?  It wouldn't benefit the owners or silicon valley investors if they released XRPs so fast that they were devalued.

I expect this to be like an IPO where additional shares are released in an intelligent way to avoid devaluation.

[mobydick]

And also, every transaction will destroy a portion of a ripple.  This will incrementally increase the value of all ripples.

[tclo]

And also, every transaction will destroy a portion of a ripple.  This will incrementally increase the value of all ripples.

Yes someone on reddit brought that up but also said that if they started processing as many transactions as VISA, all the ripples would get destroyed in a year or two. I doubt this will happen of course but they may have to adjust the destruction rate downwards over time.

[dchapes]

Yes someone on reddit brought that up but also said that if they started processing as many transactions as VISA, all the ripples would get destroyed in a year or two.

And their calculation was off by at least a factor of 100,000 because they started guessing without even bothering to look anything up first.

[cycloid]

5 btc on the table gimme some ripple 

[tclo]

this thread became too noisy and off-topic:  new thread here:

https://bitcointalk.org/index.php?topic=190456.msg1972993#msg1972993

[counter]

I'm happy with my deal with tclo very professional imho.   

[tclo]

I'm happy with my deal with tclo very professional imho.   

Thank you and I've just improved the rate even further. 

[tclo]

just bumped the rate up...plus BTC strength makes this a good time to sell your XRP, imo

[loveliness]

Great transaction with tclo. Received BTC in minutes.

[tclo]

Ok price of XRP is falling, so I had to drop the price I am paying.  It will still be worth it to many of you, so let me know if it is.

[Red_Evil]

Can Confirm a Succesfull Trade : https://blockchain.info/address/1Q3HBtNj2RADRfrnjy71afbtvZgMMJcos1

I send First my Ripples 19799 for 0.45 BTC its a Nice Deal ... i really dont know what i can do with them Soo

Thanks


+ 1 tclo

[zulzedd]

Ok. So now you have this option:

[Explicit]

The exchange rate seems somehow lousy. If I am not missing something you should get around 37,194 XRP for 100 USD.

http://i711.photobucket.com/albums/ww111/bojan_aqua/2013-04-22--Bitstamp-USD-XRP-700px.png

[abrkn]

　

[eco]

I did a trade with tclo and all went well.  I sent him the XRP and he sent the BTC quickly. Thanks again.

[tclo]

I am still buying Ripples...read the first post in the thread for details and I will send payment promptly.

[abrkn]

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