@kami_jazz Any update on this post? Based on your comment on market makers move, they still have to dump more xrp. Ripple is expanding and thus giving away XRP to new market makers and partners so imo the down trend will continue.
@Hajar1, Why rialto is so pumped? The idea of arbitrage would fade away and how would they will keep making money? By being a marketmaker? How would they run volumes if eastern marketplaces are so semi transparent? Are they alone on the market with such offering? Sorry if these questions are lame, but I cannot see anything but "rialto is going to ICO" across this board. And ICO is just 6M (4 out of 10 filled in already). How Ripple can be moved by 6M demand max (ICO can be done by BTC or ETH as well)? I just do not get it.
@kabanec_1, It's called speculatively "speaking out of ones ass"... this whole thing is a fad to most and people are eager to join the train so they pick up whatever buzzwords they can and latch that onto their inexperience speculative nature... the proverbial what-if participants. XRP strength will be defined by institutional adoption since that is it's first (and aimed) utility, everything else is pure (a lot of times, inexperienced) speculation.
@mistertjay, I agree XRP is a payment vehicle, not a commodity. I do not like the control over XRP belongs to a private company and its goals might not coincide with investor's ones. The company can do pump and dump and technically kill any momentum. The payment vehicle does not need volatility it needs a stable price and no hassle transactions. The fractal structure of the XRPBTC chart looks like magic. But for now this is it in terms of the upswing moment. I think rialto.ai is using some cyber support to be successful on ICO. Once it will be completed, I do not see a clear mechanism how much value and when are they going to deliver to the investors. This is IMO of the stock and futures trader with 21 years behind the terminal.
can you explain to a layman? multiple people say already to load your bags. if sentiment is good, and fundamental is good, why would it need to first go lower before another pump can happen? Thanks in advance!
@sjesul, it may drop! ......and the drop isn't slow.....Sudden drop (Market maker method).....then you can become bagholder!....and miss new markets....THEN....you lose you're patience and sell at loss to market maker at lower prices!.....so, you can wait for better entry...and adjust mental stop-loss at better prices. or if it pumps to 130....you can buy at retrace at 110......as I said above, I'm not married to my TA!........................................................... CHEERS! ;)
@kami_jazz, Who is a marketmaker on XRP? I can guess the only owner of the company can be the real one on such thin market. And as I mentioned below, the owner develops a payment system, not a commodity and would not be interested in volatile speculative instrument. Ergo such marketmaker would keep XRP in the slim corridor unless big money (another marketmaker) will distort this nice and beautiful picture. I do not see volume to detect such new player for now.