Wednesday, May 15, 2019 2:00:54 AM
Dividing the amount of XRP in my loan (smaller than my first loan, unfortunately) by the stated dollar value, the price per XRP works out to be 0.42612987. Looking at the Interest Schedule, each Payout Amount (the one paid 3 months from today and the one paid 6 months from today) should be 2.25% (a quarter of the 9% annual yield) of the dollar value of my loan ... and it is, so it jives... 42.613 cents is our locked in price; beats the heck out of 30.456 cents, no?
Of course, someone looking in on this discussion might be asking what is so great about 2.25% in 3 months when we got around 30% in one day, but this is for long term holders, allowing them to get paid while holding. Kind of wish we got paid in kind, though, rather than in dollars, at least if the trend is up. If this is a momentary unsustainable spike, then I guess I will take the USD.
Note: the numerical difference in my Reference numbers (May 1 vs. May 15) is 8,400,384. Does that mean they do about 8 million loans every two weeks? Wonder what the average value is; in the future, mine will only be around 3k monthly, $500 daily limit times six days (the bank regulation preferred limit per month, which I just found out recently). [Insert look of chagrin here]. Anyway...
Congrats on a heck of day, everybody. Now get some sleep.
My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.
Recent XRPUSD News
- $26 XRP Price Still in View as Ripple CTO Cites its Practical Utility in the Trillion-Dollar Payments Market • ZyCrypto • 07/05/2024 09:56:50 PM
- Buy The Dip? XRP Whales Doing Exactly That – Is A Price Rally Next? • NEWSBTC • 07/05/2024 09:30:16 PM
- Prominent Hedge Fund Exec Blasts Cardano And XRP As “Cult Meme Coins” • ZyCrypto • 07/05/2024 08:55:31 PM
- Crypto Market Sentiment Dives, PancakeSwap Launches zkSync Reward • IH Market News • 07/05/2024 06:33:10 PM
- Price analysis 7/5: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 07/05/2024 06:00:43 PM
- XRP Holds Bullish 2014-2017 Pattern Unless This Happens: Analyst • NEWSBTC • 07/05/2024 05:00:17 PM
- XRP Lawsuit: SEC Sticks to $2 Billion Fine on Ripple As Pressure On XRP Soars — Is This Your Buy Signal? • ZyCrypto • 07/05/2024 01:47:03 PM
- Why is XRP price down today? • Cointelegraph • 07/05/2024 08:34:40 AM
- Bitcoin Price Crashes Below $54,000: Top-5 Reasons • NEWSBTC • 07/05/2024 08:00:18 AM
- XRP Price Crashes 15%, Slips Under $0.40: Difficult Recovery Ahead • NEWSBTC • 07/05/2024 03:58:37 AM
- XRP Stars Align: Indicators Point To Possible 7,500% Rally To $35 • NEWSBTC • 07/05/2024 02:00:29 AM
- $6 XRP Price Very Likely as Recent Ruling on Crypto Secondary Sales Bolsters Ripple vs. SEC Case • ZyCrypto • 07/04/2024 07:49:41 PM
- XRP Price Ready for Bullish Spike: Fading Bearish Momentum and Solid Support • NEWSBTC • 07/04/2024 04:28:30 AM
- 200 Million XRP Tokens On The Move, Where Are They Headed? • NEWSBTC • 07/04/2024 03:00:08 AM
- Price analysis 7/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB • Cointelegraph • 07/03/2024 05:41:55 PM
- Ripple’s XRP May Have Just Ticked All Boxes For An Historic Explosive Rocket to $35 XRP Price • ZyCrypto • 07/03/2024 05:40:23 PM
- XRP Price Dip: Should Investors See This as a Buying Chance? • NEWSBTC • 07/03/2024 04:18:17 AM
- XRP Price Attempts Bullish Decoupling Amid Major Developments • NEWSBTC • 07/03/2024 12:30:04 AM
- 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market • NEWSBTC • 07/02/2024 03:30:26 PM
- XRP Price Maintains Support Level: What It Means For The Bulls • NEWSBTC • 07/02/2024 04:18:02 AM
- Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA • Cointelegraph • 07/01/2024 07:15:00 PM
- Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016 • NEWSBTC • 07/01/2024 01:00:39 PM
- XRP Price Set To Surge: Breaking This Resistance Could Trigger a Rally • NEWSBTC • 07/01/2024 04:28:09 AM
- XRP Lawsuit: Ripple Notches Massive Wins as CEO Brad Garlinghouse Clarifies XRP’s Security Status • ZyCrypto • 06/30/2024 11:16:15 AM
- XRP Dominance: Pundit Says Missing This Altcoin Could Be A Big Mistake • NEWSBTC • 06/29/2024 09:30:21 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM