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Author Topic: Price speculation  (Read 4501082 times)

Daedelus

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Re: Price speculation
« Reply #14700 on: November 28, 2014, 05:59:54 pm »

See what I mean ^^^^  ;D


P.S. Welcome duluth  :)
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2Kool4Skewl

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Re: Price speculation
« Reply #14701 on: November 28, 2014, 06:53:39 pm »

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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
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apenzl

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Re: Price speculation
« Reply #14702 on: November 28, 2014, 08:23:31 pm »

Please post 2 numbers between 1 and 247.

sadface

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Re: Price speculation
« Reply #14703 on: November 28, 2014, 08:25:23 pm »

19
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apenzl

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Re: Price speculation
« Reply #14704 on: November 28, 2014, 08:26:09 pm »

One more  ;D

ThomasVeil

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Re: Price speculation
« Reply #14705 on: November 28, 2014, 08:26:23 pm »

128
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ARDOR-BPV3-837M-QZTQ-9DQ69  oxpal.com

apenzl

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Re: Price speculation
« Reply #14706 on: November 28, 2014, 08:28:01 pm »

Thanks!

19
128

For 5 Fridays we'll pick 2 random Nxt newsletter-subscribers and reward them with 100 NXTP. We got 247 subscribers.

The [ANN] is here http://nxter.org/nxt-your-first-birthday/ if you missed it. :) 

Newsletters are now sent out on Wednesdays.
They got a new name and a facelift, you can see it here (thanks Ideenfrische!): http://eepurl.com/9HXef

Peter2516

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Re: Price speculation
« Reply #14707 on: November 28, 2014, 08:36:22 pm »

[spam for the cloggies]

https://nxtforum.org/general-discussion/dutch-nxt-meeting/msg134122/#msg134122
Tomorrow 13:00 Utrecht

[/spam for the cloggies]
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apenzl

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Re: Price speculation
« Reply #14708 on: November 28, 2014, 08:37:11 pm »

The "Noob" piece was wonderful. I'm sending the poor bastid 100 NXT for the laughs.
Where are you sending them? He does not have a public key. The same issue again and again - NXT is not so noob friendly.

Are our faucets not working?

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crumb bum, I have no NXT to send, sorry. I'm waiting for my NXTP and dividends. My public key is 55e85f68ab61654ce5a50a9e4ea20e27ebf3099878484ebc19d1ad9ed4b1a514
http://nxter.org/noob/

2Kool4Skewl

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Re: Price speculation
« Reply #14709 on: November 28, 2014, 08:49:21 pm »

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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

sparta_cuss

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Re: Price speculation
« Reply #14710 on: November 28, 2014, 09:41:52 pm »



Who are those guys? Are they the Ripplers?
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2Kool4Skewl

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Re: Price speculation
« Reply #14711 on: November 28, 2014, 09:46:37 pm »

I saw this on BTT:

Quote
Quote
Quote
Joel Katz https://bitcointalk.org/index.php?topic=873067.msg9677580#msg9677580

Also, I don't think anyone really understands what's moving the price of XRP. So the risk and expected rewards are essentially uncomputable.

The Mage https://bitcointalk.org/index.php?topic=873067.msg9678099#msg9678099

Second time ive seen you say this, and as a director on the ripple board I call BS. You know full well why the price is going up, it has to do with the fact that you airdropped coins enough to weasel into the second place on coinmarketcap. Who did those coins go to?

Joel Katz https://bitcointalk.org/index.php?topic=873067.msg9684167#msg9684167

Are you saying that increasing the supply of XRP increases the price? That seems to fly in the face of basic economics. Are you saying people are reliably fooled by big numbers on coinmarketcap into thinking the price is rising when it's not and that makes the price rise? That is, I guess, possible, but I certainly don't believe it's significant.

The short term price of XRP really is not that important to Ripple Labs. To some extent, it's seen as a measure of the health of the company and to some extent our success may depend on what people perceive our chances of major success are. But increases in price based on manipulation or misinformation are almost always going to be followed by comparable drops in price. If we like the message price increases signal, it follows that we don't like the message price drops signal. Ripple Labs is not a short term speculator in XRP.

There certainly are short term speculators in XRP who have an incentive to manipulate the price to buy low and sell high. But Ripple Labs is not one of them and their actions hurt us at least as much as they help us. We'd prefer a stable price to a sharp rise followed by a comparable drop.

If don't think there's any way to trick or manipulate the market into an increase in price that won't be followed by a similar decrease. And I don't think such increases or decreases are always due to manipulation because momentum trading alone can do it as well.

You're welcome to disagree with me, of course, but I share my views freely and openly and always try to explain why I hold these views. I don't appreciate unfounded accusations of dishonesty. I'm very open to contrary views and always willing to change my opinions based on evidence or argument. I fully recognize that I could be wrong about this and basically, my position is essentially that market prices in the absence of real changes to asset fundamentals are basically just chaos.

"Are you saying that increasing the supply of XRP increases the price?" - Joel Katz

[sarcasm]Yeah Joel, that's exactly what he's saying!  Wow, you're a genius![/sarcasm]  lol

Joel and all the other Ripple Labs bigwigs know exactly what they are doing.  They understand how important it is to be second in market cap behind bitcoin and are intentionally manipulating the "coin supply" to reflect this artificial market cap.  Most people look at marketcap and correlate that to the success of the platform.  The media also does this.

------------------------

The short term price of XRP really is not that important to Ripple Labs.  Ripple Labs is not a short term speculator in XRP. - Joel Katz

Don't let them fool you.  The price per XRP is extremely important to them.  This is partially where they derive their funding.  Also, a high market cap makes it easier for them to get venture capital funding.  "SHORT" is the key word in the second sentence.

------------------------

"If don't think there's any way to trick or manipulate the market into an increase in price that won't be followed by a similar decrease." - Joel

Joel, why are you twisting his words?  You know as well as I do, he is not referring to an increase in price PER XRP, but is referring to the market cap as a whole.

It seems to me that Ripple Labs is doing a pretty good job of manipulating the market cap of Ripple so it goes up and doesn't come back down.

How so, you ask?!

Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.

------------------------

"I don't appreciate unfounded accusations of dishonesty." - Joel

Maybe people think you are dishonest because you play games and twist their words.

Why didn't you answer his second question?  "Who did those coins go to?"

BTW, in case you're confused, he's referring to the 23 billion coins that are reflected in the market cap but unavailable on the open market.
« Last Edit: November 28, 2014, 09:51:36 pm by 2Kool4Skewl »
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

2Kool4Skewl

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Re: Price speculation
« Reply #14712 on: November 28, 2014, 09:48:09 pm »



Who are those guys? Are they the Ripplers?

YEAH DUDE!

The one on the left is Benedict Arnold and the one on the right is Chris Larsen.
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Johnson

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Re: Price speculation
« Reply #14713 on: November 28, 2014, 10:19:43 pm »


Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.

I think this is all due to coinmarketcap not representing market cap correctly.

Normally the market cap is calculated over all existing shares, whether they are traded on an exchange, or kept private, or have not been distributed yet, does not matter.

For example I see that the market cap of 'Jinn' is $600k, but this is calculated over only 10% of the shares (1 Million shares), those shares that are traded on nxt asset exchange, however, there are another 9 million shares if I remember correctly, not traded on NXT asset exchange, but held by Jinn company, these should also be calculated, the true market cap of Jinn is therefore $6 million!

Valuation judgements should be done based on the true market cap, ie: all shares in circulation existence!

Time for coinmarketcap to show TRUEmarketcap for all coins and assets. 
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rtrtcrypto

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Re: Price speculation
« Reply #14714 on: November 28, 2014, 10:38:27 pm »

JINN is 100k in circulation and 900k held by JINN no?



Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.

I think this is all due to coinmarketcap not representing market cap correctly.

Normally the market cap is calculated over all existing shares, whether they are traded on an exchange, or kept private, or have not been distributed yet, does not matter.

For example I see that the market cap of 'Jinn' is $600k, but this is calculated over only 10% of the shares (1 Million shares), those shares that are traded on nxt asset exchange, however, there are another 9 million shares if I remember correctly, not traded on NXT asset exchange, but held by Jinn company, these should also be calculated, the true market cap of Jinn is therefore $6 million!

Valuation judgements should be done based on the true market cap, ie: all shares in circulation existence!

Time for coinmarketcap to show TRUEmarketcap for all coins and assets.
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jones

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Re: Price speculation
« Reply #14715 on: November 28, 2014, 10:45:30 pm »

This is true

JINN is 100k in circulation and 900k held by JINN no?



Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.


I think this is all due to coinmarketcap not representing market cap correctly.

Normally the market cap is calculated over all existing shares, whether they are traded on an exchange, or kept private, or have not been distributed yet, does not matter.

For example I see that the market cap of 'Jinn' is $600k, but this is calculated over only 10% of the shares (1 Million shares), those shares that are traded on nxt asset exchange, however, there are another 9 million shares if I remember correctly, not traded on NXT asset exchange, but held by Jinn company, these should also be calculated, the true market cap of Jinn is therefore $6 million!

Valuation judgements should be done based on the true market cap, ie: all shares in circulation existence!

Time for coinmarketcap to show TRUEmarketcap for all coins and assets.
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Pilot

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Re: Price speculation
« Reply #14716 on: November 28, 2014, 11:04:08 pm »


Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.

I think this is all due to coinmarketcap not representing market cap correctly.

Normally the market cap is calculated over all existing shares, whether they are traded on an exchange, or kept private, or have not been distributed yet, does not matter.

For example I see that the market cap of 'Jinn' is $600k, but this is calculated over only 10% of the shares (1 Million shares), those shares that are traded on nxt asset exchange, however, there are another 9 million shares if I remember correctly, not traded on NXT asset exchange, but held by Jinn company, these should also be calculated, the true market cap of Jinn is therefore $6 million!

Valuation judgements should be done based on the true market cap, ie: all shares in circulation existence!

Time for coinmarketcap to show TRUEmarketcap for all coins and assets.

It coinmarket cap counted 100% of XRP in existence, wouldn't the ripple market cap be higher than BTC?
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Berzerk

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Re: Price speculation
« Reply #14717 on: November 28, 2014, 11:07:10 pm »


Ripple Labs claims to expand the float of XRP, but doesn't release those XRP on the open market.  There is around 7 billion XRP on the open market, but their market cap is calculated off of a 30 billion XRP float.  This means their market cap is really ~$105 million USD which puts them under Litecoin.

I think this is all due to coinmarketcap not representing market cap correctly.

Normally the market cap is calculated over all existing shares, whether they are traded on an exchange, or kept private, or have not been distributed yet, does not matter.

For example I see that the market cap of 'Jinn' is $600k, but this is calculated over only 10% of the shares (1 Million shares), those shares that are traded on nxt asset exchange, however, there are another 9 million shares if I remember correctly, not traded on NXT asset exchange, but held by Jinn company, these should also be calculated, the true market cap of Jinn is therefore $6 million!

Valuation judgements should be done based on the true market cap, ie: all shares in circulation existence!

Time for coinmarketcap to show TRUEmarketcap for all coins and assets.

It coinmarket cap counted 100% of XRP in existence, wouldn't the ripple market cap be higher than BTC?


I think it's at 1,2B then.
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buybitcoinscanada

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Re: Price speculation
« Reply #14718 on: November 28, 2014, 11:33:47 pm »

a
« Last Edit: December 08, 2014, 09:58:37 pm by buybitcoinscanada »
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jones

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Re: Price speculation
« Reply #14719 on: November 29, 2014, 12:53:25 am »

Nxtforum now has a tipping service built in, cool, thanks to all who contributed

https://nxtforum.org/meta-forum/how-to-tip-nxt-in-nxtforum-with-nxttips-service/
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