Quote from: God27 on August 22, 2017, 06:29:06 PM

Quote from: Bramen on August 22, 2017, 09:16:52 AM

Quote from: zaemiel on August 22, 2017, 04:56:22 AM

Quote from: Roquene on August 22, 2017, 12:19:23 AM

I dont know what is going on with this coin, it is going down every week... i am just getting tired of seeing it in the top ten.
And it looks like a joke when a lot of people thinks that this could get to $1 each, it is riddiculous, considering that there are billions in circulation.
I dont know how is gonna be the future of this, but probably it will be freezed for a long time.

Can you explain how circulation amount affects on XPR price?

How about USD price, considering that there are trillions in a real circulation?

Only 38bn XRP are in circulation right now, so releasing up to 1bn into the wild per month does have a very significant inflationary impact, and naturally puts constant downward pressure on the price - for at least four more years.

To put things into perspective, there is currently 1.5 trillion USD in circulation, so releasing 1bn XRP into the supply would equal to 15 billion USD released each month. At today's prices, you could buy two or three aircraft carriers with that much money. But after a few months of such inflation, their price would increase and you could only afford a few destroyers for that price Undecided

Just an fyi, the billion xrp released per month is correct. However, whatever xrp isn't used/sold/loaned etc will be put back into escrow every month.

So just for a fun example, in January I expect ripple to have 600 million xrp that wasn't needed out of the 1 billion released out of escrow. So this 600 million xrp will go back into escrow. Then we do it again in February and so on.

Don't even try to speak with Lulz.

Meanwhile XRP breaks another record, 1.5B vol trade in 24h!