The people who committed by converting to Steem Power must be kicking themselves right now. How can a person like Tai Zen trap himself like that? He is one of the most learned and well informed people in crypto.

@VultureFund. Where did you get those numbers from? Please explain how the "potential" is calculated unless you made up those numbers according to your gut feelings. It would be nice of you to teach us your methods of computing the real value of the different coins.

What kind of a chart analysis is that?

Sorry but ETC will be continuing to go down for the time being. How long and how low is the question and it is not looking good because the hash power is also going down. No miner is willing to support the network for free and they are leaving slowly one by one.

This will not look good for those who fight for blockchain immutability and true decentralization.

I do not think so. XMR has a limit it is not like Dogecoin. I will ask around if what you said is true. But I do not think that you are right.

That is good and I hope that really will happen. But the problem is that whale. What if LSK has risen again above 50k satoshis and then the whale will reappear again and he again make that sell wall? It will make LSK tumble again and here we are again back at the beginning.

I speculate that this will be flat for the time being until we are assured that the whale has gone away.

Yes or maybe Poloniex should create and develop a Tor hidden exchange and slowly transfer all XMR trading there. They can also make all the trading pairs' base currency to XMR instead of bitcoin.

With Steem tokens keep falling some people who have planned to invest in it for the long term are now stuck and getting desperate. I saw a video of Tai Zen trying to convince people and himself that the falling price is ok. Here is the video https://www.youtube.com/watch?v=tgp0_sS8rLw

For me the price will go up in time but the question I have is when will the price stop falling and how long do we have to wait for the price to go back up? It is not worth the agonizing wait if you ask me.

@smoothie. I use pump and dump in another context. I meant it as a strategy day traders use to make money from the market. I am not saying that XMR itself is a "pump and dump". The term is already very much used out of context in this forum.

I also do not see it as bad that XMR was played by the traders. It is a natural occurrence in the market and we are living with it whether we like it or not. That is all.

Also please read my post again. I was talking about what happened to Lisk and it was actually a good thing for me because the whale over there discouraged the traders to pump the coin.

This proves that my theory of the Ethereum community is running out of funds might be correct. By making a move like this, it could only mean that Vitalik and Brian Armstrong might have had a deal set. Could Brian Armstrong be paying the Ethereum foundation for in exchange for making this move? I believe it is possible.

For me bitcoin's price will have to go down substantially for XMR to catch up if ever it really has a chance to catch up. Why do I think this? Because for XMR to be the no.1 capitalized coin in coinmarketcap.com, a big group of whales from bitcoin must first unload a big part of their BTC and load up on XMR.

Now that XMR is discovering its own market niche people will start to form and build an economy around it. This will take maybe a shorter time than it did forming bitcoin's economy in the dark market. But beware to the community of Monero. You have to accept and embrace the fact that XMR might be seen as the "evil coin" used by criminals, illegal drug peddlers and maybe also terrorists to cover their tracks. This could be an impediment or an advancement in its development depending on your point of view.

There was a reason why Darkcoin dropped the "dark" to be viewed as a more "legitimate" alternative to bitcoin. Maybe they did not want to go to the dark market road. For me that is a big mistake. Monero is going where no one is willing to go. That will push for more advancement of the coin.

Yes. Everyone in the community should stop listening to that guy. He maybe bought a large amount of ETC and is now trying to stop the people from selling it down which what is going on at Poloniex. He is just another person talking without really knowing what is going on. A good example of another person like this is Brian Armstrong of Coinbase.

Agree with c79. XMR has now positioned itself as the coin to hold after bitcoin. Before it maybe was LTC but after the recent development of the darknet markets accepting XMR it cannot be denied that an economy in the real world will slowly be built around it. The economy will be underground or be in a black market but it will be real. Maybe in 2 years we will see the 2nd coin to reach $100 for each. 

XMR was pumped and dumped when the news about Alphabay and Oasis came out. There were traders who took advantage to make a quick profit. They knew many people would be desperate to get in. The same was happening in Lisk when it started to rise from the lows. A whale was accumulating the coin very slowly without pumping the price and then the traders wanted to take advantage by pumping the price. But the whale was very clever and he created a big sell wall that totaled 2000 BTC. Now the traders are staying away and the whale is happily picking up his coins.

It is a nice initiative but what merchant would want to accept cryptocurrencies? They want "real money" in their cash registers. Not even bitcoin can attract them to want to have it because most of them do not know what it is. The ones that do will want to convert it to fiat right away to avoid the volatile nature of bitcoin.

Maybe the idea is too advanced for what is really wanted today.

There's a light wallet already available. It's really easy to set up but it could even be made easier if the developers will make it. I could post a small guide if you want.

I downloaded a new hash utility. It's ok now everything checks out. It's weird because the online hash utility I used checks everything out except the Windows 64bit version. Must be something wrong with their site.

I have a question and I am a little concerned about it. When I downloaded the Monero Core for Windows 64bit version the SHA hash do not match. Did someone change it without notifying everyone?

I advice that everyone not to use the one for Windows 64bit.

Please do not do that. It will only make people hope for nothing. They way the price is going there are many ETC holders that want to get out and maybe the miners are not willing to hold the coin. Maybe the miners see ETC as a way to make them save their ETH from being traded to BTC by selling all ETC and part of their ETH to maintain their mining rigs and pay electricity bills.

The people of Monero should provide the volume in Bitsquare. The last time I have seen it there was nothing happening in the exchange. Hiring market makers to accommodate people from the darkmarket selling and buying XMR might be a good idea. It will also help start the market activity in Bitsquare with XMR as the "star" currency making it become in the center of attraction again. I hope the Monero whales will have a long term game plan like that.

How can you mine it when it is POS? You need a big stake to support the network and earn coins. So it would be very much more useful for your rigs to start mining other coins. If you have not heard of the latest news yet I suggest you read about XMR and their acceptance in the darknet market place.