To all receiving getting BTC for XRP / Ripple offers, *do your due dilligence*!

[louong]

Hi all,

Just got offered to buy my 20K ripples / XRP from two separate people on this forum. Not going to mention names but they're probably PMing everyone in the giveaway thread or whomever they think have XRP.

If you're getting offered a rate of 1 to 1.25 BTC for 10K XRP, you should know the current fair market value is 1 BTC for 7000 XRP! Meaning you should be receiving about 1.4-1.5 BTC for each 10K XRP.

Whether they are truly stockpiling XRP, or just looking to make money on arbitrage, who knows? It's best for all potential sellers to keep informed so you won't be taken advantage of.

Here is a good link to find out the current going rate for XRP / BTC:
http://bitcoin.stackexchange.com/questions/7573/where-can-i-find-how-much-one-xrp-ripple-unit-is-worth

[pheaonix]

are we looking at the same charts

[bozak]

Hi all,

Just got offered to buy my 20K ripples / XRP from two separate people on this forum. Not going to mention names but they're probably PMing everyone in the giveaway thread or whomever they think have XRP.

If you're getting offered a rate of 1 to 1.25 BTC for 10K XRP, you should know the current fair market value is 1 BTC for 7000 XRP! Meaning you should be receiving about 1.4-1.5 BTC for each 10K XRP.

Whether they are truly stockpiling XRP, or just looking to make money on arbitrage, who knows? It's best for all potential sellers to keep informed so you won't be taken advantage of.

Here is a good link to find out the current going rate for XRP / BTC:
http://bitcoin.stackexchange.com/questions/7573/where-can-i-find-how-much-one-xrp-ripple-unit-is-worth

The current rate is about 1 BTC for 7000 XRP.  However, I don't think a 1BTC for 10,000 XRP offer is unreasonable.  Currently it is pain to trade XRP.  You need a ripple acount and a bitstamp account and you have to set up trust relationships.  Even after that the bid/ask spreads are large and there is very little liquidity.  If you don't want to deal with XRP long term, it makes sense to not deal with the hassles and accept the 1 BTC for 10,000 XRP. 

Interesting side note, even at 1 BTC for 10,000 XRP, XRP total market cap is larger than BTC. 

[webr3]

Here is the live order book, updated real time.

http://webr3.org/apps/xrp/charts/btc-xrp

For small trades on a secondary market you're looking at the bid side, and for volume, given ripples limited supply, just follow the graph up. So you're looking about 6050-6150 for orders over 100k.

[misterbigg]

I am selling XRP, 60 XRP to the dollar and I accept Bitcoin at market rates or cash!