Quote from: BruceM89 on May 22, 2017, 07:14:51 AM

A few words for those concerned about the recent XRP price dumps.

I've been watching the Poloniex order books quite closely over the last week, and the 'dump' on the 19th of May and today is from certain individuals placing in excess of 500 BTC worth of Ripple on the exchange - momentarily - before cancelling the trade. This happens multiple times in quick succession to scare people into panic selling - which results in a reduced price in the 1000's of satoshis. They then buy while people are panic selling to increase their own holdings at a discounted rate which is essentially subsidised by those panic sellers. They are basically pilfering money from people.

This isn't just a single individual either. It appears to be a coordinated effort.

While these people may be getting rich through the opportunity to buy undervalued XRP, they should also realise that this type of trading on regulated stock exchanges is actually highly illegal.

The positive that comes out of this though, is that it will force regulators to place restrictions on these types of activities in the future and force exchanges to comply with these regulations. So in effect, their unethical actions are pushing us towards the regulation the Cryptocurrency industry desperately needs. This regulation assists with attracting institutional investors (at first) and an excessive amount of money with them.

Once these investors hold their slices of the pie under stricter regulatory rules, you'll see a much more stable and highly valued market.

However, everyone should really be taking advantage of these reductions and buy and hold as much XRP (and other Cryptocurrencies) as you can - I know I am.

This is reduction? Why will you buy and hold XRP at 30 cents. When it was 0.007, it made sense. At this price how much profit you're gonna make? 2x? 3x max? Isn't it wort to spend money on other Alts with 5x-10x potential.