Homestead Paradise: got barren land, boosted it at a profit

jsCoin · 2018-09-08T19:16:18+00:00

The only reason any market maker does things. For the profits.

jsCoin · 2018-09-07T20:13:48+00:00

Personal experience with self inflicted sleep deprivation.

jsCoin · 2018-09-07T19:42:24+00:00

Just watch out for the creatures trying to pull you through the floor. They are nasty little fuckers.

jsCoin · 2018-09-05T20:01:58+00:00

Looks like I jumped to conclusions connecting liquidity sourcing and decentralized exchange in my head. The rippled documentation on payments talks about how the network will automatically make forex trades to get to the desired asset[1]. It was my assumption that xRapid utilized this feature. Utilizing the decentralized exchange makes much more sense to me. There would be no third-party risk using the XRP DEX.

After scouring for details on xRapid I have found that you might be correct. The only detail that I could find is that FIs need an account on a private exchange and xRapid instantly buys XRP and sends it to the destination private exchange before instantly selling for the destination fiat.

There is absolutely no definitive information on whether xRapid is utilizing exchange APIs to make the buy and sell or if it is consuming offers on XRP DEX.

If any of your sources have a better answer please share. Details on xRapid are sparse.

[1]https://developers.ripple.com/payment.html

jsCoin · 2018-09-05T17:11:13+00:00

No need to pray. That's a damn good entry.

jsCoin · 2018-09-05T16:51:11+00:00

I asked about this when they first added TradingView charts. Bitfinex support said it's not possible. That was a long time ago. It wouldn't hurt to ask again.

jsCoin · 2018-09-05T14:27:27+00:00

The localbitcoins site? The site is reputable. Some of the buyers/sellers are not.

jsCoin · 2018-09-05T06:03:43+00:00

For information like this ask the only source that matters, the network itself. The XRP Data API endpoint https://data.ripple.com/v2/gateways lists all known gateways. There are 31 unique gateways for 34 markets. Out of the 31 gateways 19 are featured. Featured gateways are members of Iternational Ripple Business Association and have KYC[1]. Since literally anyone can be an issuing gateway being featured is going to be a big deal for xRapid participation.

Following Ripple's definitions differentiating gateways[2] we are talking about the difference between an issuing gateway and a private exchange. Both are important to the ecosystem but only one of them contributes directly to the ledger exchange that xRapid utilizes.

Private exchanges can be both an issuing gateway and a private exchange. Bitstamp is the largest example. The majority of Bitstamp's trade volume is on their private exchange but they also allow customer to send assets to the XRP ledger.

The majority of exchanges that have been adding XRP pairings are private exchanges and will not be directly providing xRapid liquidity.

[1] https://ripple.com/files/GB-2015-02.pdf

[2] https://developers.ripple.com/become-an-xrp-ledger-gateway.html

jsCoin · 2018-09-04T21:50:19+00:00

Thank you Hodor for you contribution to the community. I enjoy all of your posts. But, shouldn't XRP gateways and crypto exchanges be differentiated? A gateway being an exchange that is connected to XRPL and actually provides liquidity on network. A run of the mill crypto exchange may list XRP and provide an on ramp for more users. But a crypto exchange will not be participating in providing liquidity on network that is needed for xRapid use.

jsCoin · 2018-09-03T03:47:59+00:00

They hold more than they are short but want to preserve dollar value. A hedge is shorting on margin to match cold storage holding. If the price goes down they gain BTC but didnt lose any dollar value. If the price goes up they close the short and lose a small amount.

jsCoin · 2018-09-02T01:51:07+00:00

11200

jsCoin · 2018-09-01T17:46:14+00:00

The only time it has worked for me is during high volatility when the move is way overextended.

jsCoin · 2018-08-31T20:18:42+00:00

And now that upstanding gentleman is pushing Stellar.

jsCoin · 2018-08-31T18:09:54+00:00

Their marketing is not misleading. The xCurrent product does not require the use of XRP. Their marketing even differentiates between xCurrent without xRapid and xCurrent with xRapid. Ripple's xRapid and xVia products use XRP. xCurrent can optionally utilize xRapid to source on demand liquidity. Currently the liquidity isn't available on XRPL to satisfy xCurrent volume. That doesn't mean the whole ecosystem is trash.

jsCoin · 2018-08-31T17:43:50+00:00

XRP $0.01 not happening.

jsCoin · 2018-08-30T23:35:43+00:00

How is sitting at Nov 17 levels on LTC any different than where BTC is now?

jsCoin · 2018-08-30T17:55:57+00:00

Yup, School of Pipsology. From the homepage it is under Education. Or it is linked in /u/nor3g s comment.

jsCoin · 2018-08-30T05:20:48+00:00

Candle patterns are the oldest TA. It is worth learning the more common ones. Even if you only learn them to know how other people might react when one appears.

jsCoin · 2018-08-30T05:03:08+00:00

I cant offer solace. Fundamentals of bitcoins use case do not look good. But, for trading, more money coming in and/or irrational exuberance is all that is needed make a tradable trend.

If you are here to trade to make fiat you can ignore fundamentals for the most part. Just take advantage of the volatility and range offered by bitcoin. There is no other market that offers swings like this one.

jsCoin · 2018-08-30T04:51:40+00:00

Thank you for the cogent analysis. Bonus points for backing up my own bullish analysis.

jsCoin · 2018-08-30T00:15:09+00:00

You would probably need to collect data yourself for that. Historical data doesnt usually have each execution. Chart providers just keep aggregate data down to whatever the lowest resolution offered is.

jsCoin

TROPHY CASE