Isn't Segwit already priced in?
BCH sliding way lower would be better news for BTC price...
http://fork.lol/pow/retargetso much hash on bch now, their diff will go up again in 3.5 days... If it does quadruple as AlexGR reckones, then that would... sort it  |
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Isn't Segwit already priced in?
BCH sliding way lower would be better news for BTC price...
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Monero has been one of the most stable altcoins followed by litecoin.
Between all the aug1 mess and today, it has risen from $43 to $53 so we can say that monero will keep increasing in the followin months.
By the way, xmr is one of the best coins that exists nowadays, it has a lot of features that another altcoins doesnt have, it is the most anonymous coin.
Sagacious people are always welcome. Monero is indeed steady as a store of value but it also develops and grows as its use case becomes obvious. As Aminorex points out DNMs are in disarray just now, but only Monero makes sense for the next crop who will inevitably appear to fill that market gap. Every now and then Monero suddenly rises sharply. Like the 2500% it increased in 2016. A lot of that around the end of August. The past in no guide to the future, but Spring and the cusp of Autumn have often been rather propitious for the XMR price... Edit: Aaaand we just sneaked over $55 in fiat terms. Sweet. |
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We'll see. XMR isn't a smart contract platform. It needs traders to keep the wheels spinning.
Almost hit the nail on the head, but not quite. It needs an economy, and DNMs are the critical bootstrap to a level of liquidity where the storage and transfer capacity corresponds to the needs of big money users (HNWIs, corps, and TLAs). Right now DNMs are reeling and traffic is negligible. But in less than 6 months there will be 20x the DNM throughput that we saw in SR1 , which took BTC to USD100, and perhaps 50% of that traffic will be denominated XMR, which will put the unit cost around $1000 by March - before the FOMO is factored in. These are the last cheap coins, people. I wish I could share your optimism. Optimism is meaningless. The math does not lie. Been accumulating - I had promised myself to pull a chunk of crypto profits out (for property investments and diversification that I can sleep easier with). However, seeing Monero under 0.012? Irresistible. Somehow in XMR I am back up to where I was in coins - and I am happier than ever. BCH windfall has helped ofc. Where else do I put free money? Keeping a few BCH just in case miners do find BCH more profitable and shift over, but unless Ver and Wu have more tricks up their sleeve I will dump the rest before the diff goes up on BCH as much as it ought to. |
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Volyova just drops by every now and then to poke and see if we bite.
And I think he / she is not really anti-Monero and most definitely not a Dash fan. I have seen worse...
Trolling is usually a good sign here, actually - Fatman3001 came in a few days back, all nasty and calling FP names... and we immediately pushed up nicely just after he was saying we were dead in the water and would never recover. I was surprised how much of a hater he was, he is not such an ignorant arse on the WO thread. You live and learn, eh.
We've been due a lift, I reckon - trolls seem to be a good sign more often than not.
And Monero is quite simply still the best, most fungible and truly private money there is.
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This is a short lived pump and dump. BTC is still more profitable to mine considering the higher fees, BitcoinCrash will always have a bigger blocksize, therefore, it will always have lower fees. The profitability due hasrate fluctuation is temporal, miners know that they can't gamble too much trying to profit from this, because if they screw up the real Bitcoin, their whole business would collapse.
The miners are going to blow through these 2016 blocks in a day or two. After that the difficulty is going to skyrocket for BCH. Probably close to the 4x limit. I think it's going to be game over for BCH when that happens. Any idea how he diff will change at this point % wise? If it's massive, will it put them under profitability again? If so, I need to dump the rest of my BCH. Been hanging on to half to see what happens.... It could go up 4x or be 400% what it is now. The difficulty would shoot up to 272888550039. In order to be on parity with BTC difficulty, they would need to put the buy support at almost .3 BTC per BCH. The slowdown in hashrate could cause their special difficulty adjustment to kick in, but this takes at least 24 hours of blocks coming in at slower than 1 per 2 hours. The only other reprieve would be the upcoming difficulty adjustment upwards of BTC. If the BCH difficulty only went up 3x or 300% of what it is now, the buy support would need to be at a little over .22BTC for profitability to be on parity with BTC. With the current block emission rate at about 3 blocks per 10 minutes, its likely the next difficulty adjustment will go up by 300% or more, if their current hash rate remains stable. Keep in mind that profitability calculators do not factor BTC fees into the equation. When you have 1-3 BTC per block, that's a substantial amount that can increase BTC profitability by 8-25%. In fact, BTC fees are also a mechanism which allow BTC to "recover" in case of hashrate going away. Let's say tomorrow a very hot sha256 coin appears and hashrate goes down a lot. At that point block emission is reduced substantially, but the competition between people wanting to get first priority, in the first mined block, increases a lot also. So the first block mined will include the highest-fee transactions, and this could amount to something like 6-7-8 BTC - or more. If blocks take too long, at that point the block reward may even be doubled or surpassed by the tx fees that want first priority. This remedies profitability despite difficulty remaining the same. On the other hand, if BTC's blocks were large enough to clear the mempool of any minimum-fee-transaction, even if the blocks took an hour to arrive due to lost hashrate, this built-in incentive wouldn't even be there. In a way, the increased fee pressure, which currently replenishes some of the lost miner income (after the halving), acts as a protective shield. In other words it pays to follow a "glide path" from a full-blown subsidy economy that has near-zero fees, to a full-blown fee economy where subsidy is practically zero, and doing so in steps. Nice analysis - I am less concerned about the potential spiraling down if hash power moved (substantially). Sold a few more BCH, might be too late soon! |
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This is a short lived pump and dump. BTC is still more profitable to mine considering the higher fees, BitcoinCrash will always have a bigger blocksize, therefore, it will always have lower fees. The profitability due hasrate fluctuation is temporal, miners know that they can't gamble too much trying to profit from this, because if they screw up the real Bitcoin, their whole business would collapse.
The miners are going to blow through these 2016 blocks in a day or two. After that the difficulty is going to skyrocket for BCH. Probably close to the 4x limit. I think it's going to be game over for BCH when that happens. Any idea how he diff will change at this point % wise? If it's massive, will it put them under profitability again? If so, I need to dump the rest of my BCH. Been hanging on to half to see what happens.... |
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A question for the specialists here:
So some entities are liquidating large quantities of BTC to pump up BitcrashCoin, but the price of BTC remains quasi unaffected.
That maybe means there is a substantial inflow of fiat ?
And if these same entities are really planning to, at a certain point, cash their Bitcrash coins out, then what will happen with all
the others who bought that thing?
It will be very funny if schism happens in a couple of months due to Core still firm with Segwit and BitcrashCoin takes over the top. Would that be a realistic possibillity? If (enough) miners switched from BTC to BTH because it was more profitable to mine, it could cause problems for BTC. So yes, it's possible - but the whole market could lose faith with Bitcoin (both) altogether - and no one really wants to kill the golden goose. I hope. EDIT: for clarity |
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Looking at Polo, seems the BCH is beig sold and recycled into alts. It's a sea of green (apart from BCH).
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Finally dumped some of my BitCH coins above 0.2.
Had to go through all the trouble of transferring my cold wallet BTC to new wallet and installing BitCH wallet on a separate computer but it's worth the free money I guess. Feels good.
 Can't make up your mind about the gif? I like it... |
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Is that Ver on stamp with a 100BTC sell at 4060?
Hope so. I watched several 100+ BTC walls get eaten on Bitfinex about 8 hours ago for cheap. If it Ver, the sooner he can dispose of his large BTC stash and convert to BCH, the better. Good riddance! At least Ver isn't trying to just dump all his BTC in one fell swoop. (If it is Ver.) How many does he own? At least 60 000. Enough to make a difference and push and pull the market to suit his agenda, without losing too much of his stash. |
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Almost hit the nail on the head, but not quite. It needs an economy, and DNMs are the critical bootstrap to a level of liquidity where the storage and transfer capacity corresponds to the needs of big money users (HNWIs, corps, and TLAs). Right now DNMs are reeling and traffic is negligible. But in less than 6 months there will be 20x the DNM throughput that we saw in SR1 , which took BTC to USD100, and perhaps 50% of that traffic will be denominated XMR, which will put the unit cost around $1000 by March - before the FOMO is factored in.
These are the last cheap coins, people.
I wish I could share your optimism. Nice green candles for XMR, but this is BTC related.... BCH suddenly getting to be more profitable to mine than BTC is causing wobbles. Of course it's a BCH pump by Ver / Chinese forces et al - but with the very fast difficulty adjustment it has (which BTC doesn't) making it viable, miners could leave (Core) BTC to mine BCH. Then it could be a problem for BTC. The side benefit for us could be 'Steady Eddie' Monero appearing a safe haven, hence the sudden price move. If XMR does see DNM use at anything like the levels Aminorex rightly points out are likely... Perfect storm? |
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Maybe the N Korea thing calming a little is reducing the S Korean buying pressure?
Anyone watching the SK exchange volume?
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Polo just listed BCH and it's currently showing as over 80,000% up |
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Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.
What great announcement? The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions. 'We' ? It isn't going to happen, it's a feature, not an obstacle for Monero. What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR? I actually do. I think it is a crypto with big potential. As many people also misunderstand me regarding bitcoin, i'm not here to hate. I'm here to point out points that need improvement or better argumentation. OK, well you're welcome to raise it - but I have seen people on WO arguing Bitcoin needs a tail emission 'like Monero' before, and it does seem to make sense, given natural wastage from lost coins reduces supply and the need to keep miners working to secure the network at the end of emission. I am not bound to it, but it makes some sense - why do you feel it's a bad idea? It's not hurt Monero so far (although it's not Monero's finest hour right now, I grant you) and the tech does generally have great respect across crypto. Why pick this, instead of the usual 'poor marketing' criticism? |
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Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.
What great announcement? The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions. 'We' ? It isn't going to happen, it's a feature, not an obstacle for Monero. What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR? |
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Now it really is cheap coins...
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i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?
It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50. With BTC rocketing so much that is remarkably steady. |
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Who was saying 3500 was tough to break...?
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Yes, since it simply uses the google results but not linked to your IP / identity. You can scroll down a bit on the main website for details.
(I would advise to create a personal link in the settings to for example only use EU servers, search suggestions etc)
Cheers - I will check it out |
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