Replies to post #7352 on Ripple (XRPUSD)

[GreedyAgorist]

Interest rate 2G2BT turned out to be 2G2L. (Too good to last, that is.) Disappointing, but not surprising.* We will see what the new rate is Monday; if it is over 3.57%, it still works for me mortgage-arbitrage-wise. Although I would prefer 3.75% or more, of course, the 3.5 on XRP definitely would not cut it. Whatever their next rate is, I should note that CredEarn is not the only place that lets you loan out XRP, BTC, ETH, USD, etc. I will look around this weekend. Maybe our tokens and dollars are needed more elsewhere.

MS, since you are a banker, I will ask you: The bank I was using to fund Uphold (at $500 per day) said the limit on transfers per billing cycle is six; but is that six total, or six to the same transferee?

*Do we have J-Dove, head of the Fed to thank for this? More likely, it was probably inevitable anyway.

[KC01905]

Everything is such a good entry point right now. ADA may be a slow grower and TRX ... super cheap. XRP no doubt down but this is really not where I thought we would be by now. Scary. Pick one for me. I can't decide lol.

[GreedyAgorist]

With everything down, I am only loaning USD tomorrow morning with CredEarn while the 2G2BT 10% lasts. I did not convert any more of my dollars held with Uphold into XRP, BCH, or even LBA despite these bargain prices as it looks like July 15 is the last day for the generous 10% on USD. Next week we will know the new interest rates.

We should also soon find out how much of the XRP from escrow actually stayed in circulation last quarter. Indeed it might be good to know when exactly that report drops. Compare that to the 700 million (out of a possible 3 billion*) in the first quarter.

*That is 23 1/3 % for those of you playing at home. So previous statements (by me) that the 55 escrow accounts will take closer to 100 months than 50 months to exhaust at the rate we are going were actually conservative. At the current pace, it will take over 200 months to release the remaining 51 billion XRP. Although many think that pace will pick up.

[GreedyAgorist]

Travis at CredEarn replied that 10% on USD and the rest of their rates on your Uphold holdings will remain the same for Aug 1.

Well, crud, that is nice, but I would have held onto some USD to buy the weekend's dip on XRP (and maybe BCH) if I knew July 15 was not the last chance to get 10% on USD. Curse their stupid email!

PS To answer the question I asked earlier, the 6 ACH transfer limit per billing cycle out of a savings acct is 6 total, no matter how many different transferees. In my case, of course, it was just one, Uphold. So I have to leave that sixth one open for another exchange, maybe ShapeShift or, god forbid, Binance. : - )