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Comment by icpmacdo | Hacker News Reader

Do you think he could easily liquidated a few billion or would it crash the market?

Don't think a billion $ liquidation would crash the market. It's already been done twice in the last few days, most recently, just this morning.

Source: "1 billion transaction payment just took place! #xrp #Ripple - something BIG is bowling behind scenes!" https://twitter.com/kOsOvA_CryptO/status/948145757944729601

1 BILLION XRP Payment = about 2 BILLION USD $ Link to actual transaction is on Ripple.com

Here's another 700 MILLION XRP sale. https://www.reddit.com/r/Ripple/comments/7nlrbc/another_700m...

Moving a billion XRP from one wallet to another is not liquidating to $USD.

Exactly this. During the dot.com boom and bust when a dot.com wonder bought company X for $YM but it was an all stock transaction and later the stock when converted to $USD was done for about $Y.

When someone converts a billion in Ripple into $2B in cash in a reserve account at UBS or something, then you can be impressed.

I think that any transfer of Ripple in large amounts would be settled off-exchange for fractions of the trading price.

Ripple also has raised $93 million according to CrunchBase: https://www.crunchbase.com/organization/ripple-labs

One random speculation I have - if you approach miners with large pallets of US dollars you can purchase BTC directly for a steep discount on the trading rates on exchanges.

Do miners necessarily have the most coins to sell? 12 BTC every ten minutes isn't a lot compared to the 16 million minuted coins out there

Why the heck would the lose valuable equity by raising money, when their founder is worth billions?

It’s the monthly 1B to the devs, that will happen for 54months.

Not sure about crashing the market, but cashing it out would definitely be a monumental challenge.

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