4 ms·

Do you think he could easily liquidated a few billion or would it crash the market?

justboxing 9y ago
Don't think a billion $ liquidation would crash the market. It's already been done twice in the last few days, most recently, just this morning. Source: "1 billion transaction payment just took place! #xrp #Ripple - something BIG is bowling behind scenes!" https://twitter.com/kOsOvA_CryptO/status/948145757944729601 https://twitter.com/kOsOvA_CryptO/status/948145757944729601 1 BILLION XRP Payment = about 2 BILLION USD $ Link to actual transaction is on Ripple.com Here's another 700 MILLION XRP sale. https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m_xrp/ https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m...
- ErikAugust 9y ago
  Moving a billion XRP from one wallet to another is not liquidating to $USD.
  - ChuckMcM 9y ago
    Exactly this. During the dot.com boom and bust when a dot.com wonder bought company X for $YM but it was an all stock transaction and later the stock when converted to $USD was done for about $Y. When someone converts a billion in Ripple into $2B in cash in a reserve account at UBS or something, then you can be impressed.
    - ErikAugust 9y ago
      I think that any transfer of Ripple in large amounts would be settled off-exchange for fractions of the trading price. Ripple also has raised $93 million according to CrunchBase: https://www.crunchbase.com/organization/ripple-labs https://www.crunchbase.com/organization/ripple-labs One random speculation I have - if you approach miners with large pallets of US dollars you can purchase BTC directly for a steep discount on the trading rates on exchanges.
      - andirk 9y ago
        Do miners necessarily have the most coins to sell? 12 BTC every ten minutes isn't a lot compared to the 16 million minuted coins out there
      - nikanj 9y ago
        Why the heck would the lose valuable equity by raising money, when their founder is worth billions?
- mrlinx 9y ago
  It’s the monthly 1B to the devs, that will happen for 54months.
vadimberman 9y ago
Not sure about crashing the market, but cashing it out would definitely be a monumental challenge.

Don't think a billion $ liquidation would crash the market. It's already been done twice in the last few days, most recently, just this morning. Source: "1 billion transaction payment just took place! #xrp #Ripple - something BIG is bowling behind scenes!" https://twitter.com/kOsOvA_CryptO/status/948145757944729601 https://twitter.com/kOsOvA_CryptO/status/948145757944729601 1 BILLION XRP Payment = about 2 BILLION USD $ Link to actual transaction is on Ripple.com Here's another 700 MILLION XRP sale. https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m_xrp/ https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m...

ErikAugust 9y ago
Moving a billion XRP from one wallet to another is not liquidating to $USD.
- ChuckMcM 9y ago
  Exactly this. During the dot.com boom and bust when a dot.com wonder bought company X for $YM but it was an all stock transaction and later the stock when converted to $USD was done for about $Y. When someone converts a billion in Ripple into $2B in cash in a reserve account at UBS or something, then you can be impressed.
  - ErikAugust 9y ago
    I think that any transfer of Ripple in large amounts would be settled off-exchange for fractions of the trading price. Ripple also has raised $93 million according to CrunchBase: https://www.crunchbase.com/organization/ripple-labs https://www.crunchbase.com/organization/ripple-labs One random speculation I have - if you approach miners with large pallets of US dollars you can purchase BTC directly for a steep discount on the trading rates on exchanges.
    - andirk 9y ago
      Do miners necessarily have the most coins to sell? 12 BTC every ten minutes isn't a lot compared to the 16 million minuted coins out there
    - nikanj 9y ago
      Why the heck would the lose valuable equity by raising money, when their founder is worth billions?
mrlinx 9y ago
It’s the monthly 1B to the devs, that will happen for 54months.

vadimberman 9y ago

Not sure about crashing the market, but cashing it out would definitely be a monumental challenge.