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Wednesday, 10/30/2019 12:59:42 PM

Wednesday, October 30, 2019 12:59:42 PM

Post# of 36149
What we know is that every month escrowed XRP is released (on the 1st of every month as far as I can tell) to the tune of 1 billion XRP. We also know from quarterly reports that in the first and third quarters, 23 and a third percent actually stayed out of escrow and the rest went back into escrow. In Q2, we got the Moneygram announcement and, perhaps because of that, a bit more came out of escrow, 30%. The rest goes back each month into an escrow account that will not come back around for another 55 months.

The market (the demand) seems to be able to handle the additional supply of XRP as the price is about the same as it was six months ago. I have only been accumulating XRP for that long, so references to a much higher all time high is no concern to me as that was obviously a speculative spike, which may not be repeated soon (with all due respect and sympathy to bag-holders). Still, for those who trade in and out of cryptos, XRP seems eminently tradable.

So again, from what I understand, the monthly release of XRP happens on the 1st of the month. But when does the monthly return to escrow happen? If, say, October’s effective influx was 233,333,333 XRP, did the remaining 766,666,667 XRP go back into escrow the same day? That is my assumption, but just wondering.

My own mini-escrow ladder with CredEarn comes back around in a couple days. I could just roll over that first rung of my loan ladder for another six months, but it has the majority of my XRP; I want to spread it out more evenly over the other 11 rungs of the ladder. This does mean taking a chance on where the XRP price will move in the next six months, but I am used to that now.

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.

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