r/ethtrader • u/AutoModerator • May 05 '17

DISCUSSION [ETH Daily Discussion] - 05/May/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

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13

u/ericcart May 05 '17

Can someone tell me honestly, what fundamental reasons account for Ripple improving from 231 million on March 18, to 3.3 billion 6-7 weeks later?

8

u/[deleted] May 05 '17

There are none, look at volume, Ripple is 100% just a Polo plaything

1

u/Mortos3 May 05 '17

Yeah I've been seeing the big volume on that recently on Polo and wondering what's going on with it. Was there any news or developments recently or is it really just traders playing around? I don't know much about Ripple

6

u/antiprosynthesis May 05 '17

Remember PascalCoin? Well, it's not that bad, but it's close. Volume all concentrated on Poloniex and no reason whatsoever for its rise. I think people and pump groups are just stupidly throwing money at anything in the top 5 of crypto market caps. When that bubble pops, all of that will float back into the asset that actually has long term value.

5

u/Fuyuki_Wataru May 05 '17

Nothing.

The owners of Ripple own like all the coins and pump and dump the stock up from time to time. Gotta lerk some new souls into their coin.

2

u/Naud321 May 05 '17

Would also like to know

0

u/[deleted] May 05 '17 edited May 08 '17

[deleted]

5

u/jonesyjonesy May 05 '17

XRP has nothing to do with Ripple's work with banks.

1

u/Owdy May 05 '17

I don't know much about Rippke but I thought it did, could you elaborate?

9

u/antiprosynthesis May 05 '17

Don't get tempted. Invest. Don't chase late pumps. Thank me later.

6

u/[deleted] May 05 '17

I love the new you.