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I may be out to lunch. There needs to be enough XRP available near the mid-market price to avoid the price changing significantly from the sale or purchase of XRP for a transaction.
This is what they mean when they say they need more liquidity. Liquidity is associated with deeper order books and with higher prices. As a concrete example of poor liquidity, imagine needing to send USD when this is the admittedly ridiculous XRP ask list:.
That would be completely unacceptable. As transaction volume increases, there needs to be more and more liquidity on demand for the system to work.
The increased liquidity demands will drive price. These things will further increase the price. Thanks for that reply, and link.
I guess my next question, then, is why do they offer XRP to people like us anyway? We aim to provide the largest collection of honest and unbias Bitcoin casino reviews in the industry.
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Ripple have never focused on the gamling market instead focussing on legitimate real world use cases like cross border payments, live streaming payments and the internet of value.
Click here if you are looking for the best Crypto Casinos. Let me also say that without a doubt, Bitcoin will most likely continue its reign as the number one crypto for some time still, and it may even go up in value considerably.
While everyone is so focused on the price, they are missing the single-most important factor that is leading Bitcoin to its doom: Could be weeks, could be years.
True, but they can make bitcoins illegal, destroying the current value into dust. Moreoever, if an altcoin say XRP? Anyways, I have these asinine conversations all the time on Twitter, particularly about the incredibly bonkers conspiracy attributes they associate with XRP, so no need to repeat ad infinitum here.
The point is, Bitcoin is running out of cards. It simply cannot compete with the next generation of tokens. Attrition will continue to eat away at the value of that simple dated novelty.
Stage 1 Massive Bitcoin unloading sales — e. This has to happen slowly enough so as not to totally destroy the price, and for a while the price may actually continue to climb, possibly a hell of a lot; but as more and more heavy holders start looking for the exit, the price will stagnate.
You have to ask yourself, if Bitcoin is so promising in the future, why would anybody sell such large quantities?? Look for these opinions starting to surface in the more mainstream media, particularly when juxtaposed against the positive attributes of the competing coins.
Once the education campaign begins in earnest, you can be pretty sure the whales have made their escape from Bitcoin and are ready to sink the ship to draw attention to the new coins these miserable bastards have relocated to.
There is zero reality to any prices you see.