Post
Topic
Board Currency exchange
Topic OP
To all receiving getting BTC for XRP / Ripple offers, *do your due dilligence*!
by
louong
on 18/05/2013, 12:55:28 UTC
Hi all,

Just got offered to buy my 20K ripples / XRP from two separate people on this forum. Not going to mention names but they're probably PMing everyone in the giveaway thread or whomever they think have XRP.

If you're getting offered a rate of 1 to 1.25 BTC for 10K XRP, you should know the current fair market value is 1 BTC for 7000 XRP! Meaning you should be receiving about 1.4-1.5 BTC for each 10K XRP.

Whether they are truly stockpiling XRP, or just looking to make money on arbitrage, who knows? It's best for all potential sellers to keep informed so you won't be taken advantage of.

Here is a good link to find out the current going rate for XRP / BTC:
http://bitcoin.stackexchange.com/questions/7573/where-can-i-find-how-much-one-xrp-ripple-unit-is-worth