Ripple (XRPUSD)

[GreedyAgorist]

Seems our loans went out earlier than usual, MS, about 1am eastern. I wish I could say that bought me 45 extra minutes of sleep, but here I am up typing this post, so ... so much for that.

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.