Oh, Great And Mighty Gods Of The Monero Charts, I Beseech Thee!! Pleaze oh pleazze can we just at least stick above say like oh maybe 0.015-ish or so? I promise I won't complain any more about not sticking in the 20's if ya kin juz do dat for us, m-kay? kthxbai  Monero is having a good day. OK, it's the bounce back from the high 0.016s, but it's good to see some bullish green and XMR back in the $20 zone....  Ha, I guess they heard me  Looks like it! Keep praying, eh? |
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Monero is having a good day. OK, it's the bounce back from the high 0.016s, but it's good to see some bullish green and XMR back in the $20 zone.... |
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Took a risk and piled back in at 0.017.
Let's see if it has turned around. Maybe the ridiculous mini alt coin pumps end up with money coming back into blue chips...
I still see a lots of silly coins with huge volume and huge price rises. I think this is getting just crazier every month. It started like 14 months ago on Poloniex and seems 14 months from now will be just idiotically crazy. Whales having a bit of a splash around. Everything at the bottom end of the alts wilderness got pumped. Volume on Polo went crazy on everything. The top 10 in volume did over 100K BTC in 24 hours, but BTCD and XBC were about a third of it. Some big fish are playing the smaller, low volume alts - just because they can. Polo hosts the Wild West of crypto. |
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Took a risk and piled back in at 0.017.
Let's see if it has turned around. Maybe the ridiculous mini alt coin pumps end up with money coming back into blue chips...
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Err... it's possible I may have been wrong on this occasion.
Hope you all had fun though.... bye.
Hey Rangedriver.... Don't you dare disappear - you're part of the fabric here. None of us know shit. Some of us make good guesses some of the time, some people add, some people don't. You add. |
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So, Monero is so private the FBI is scared of it? I can live with that Isn't 'certified untraceable by the FBI' better than 'available at Coinbase'? |
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This is legit taken from ancient biblical texts that were recently found in an old cave:- "And lo, I looked ..
omg my coffee is all over my keyboard now  A good story always has a happy ending I think the term is 'happy finish' |
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Damn, Monero - are you following BTC up, or down?
You're now looking over sold in USD terms, sober up FFS.
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@rdnkjdi you can see the loan rates on the Lending tab. Each coin has different rates.
Thanks Smooth ... & thanks for letting the OT slide. Careful - the cabal behind Dash see shorts building up as fuel for their pumps. Shorts getting liquidated helps them. This is not an organically rising coin, it's fixed. One day there will be a short that cleans up, so far though 'you can follow the trail of the dead'. |
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I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.
ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control. Didn't realize it was a centralized coin because I thought all cryptocurrency no matter if they are alt coins are decentralized. Well that changes my perspective on how I view ethereum now. No, it's not an inherent property of cryptocurrencies. The ideal is of course to be decentralized, but this is rarely the case. Plus centralization is not a white/black value, it has various degrees. There are also various types of centralization. Some cryptocurrencies are heavily centralized in their developers who set he course, others in miners (pow coins), others in stakeholders (pos coins), etc. I'm not sure what to think about a fork... or if it will happen lol, but ETH and ETH classic have done relatively well for themselves since. Of course ETH will prevail as the leader because of its dev support. Although that was a timed and controlled fork.
ETH is a centralized coin that can avoid chaotic circumstances, precisely due to its centralized control. Well not really centralized.... I don't think any coin is really centralized. I think Miners choose to mine it because of its support and hash per dollar is much better, at least right now lol Maybe centralized in that is has strong dev support that can add to code or alter etc. so? Idk lol Altcoins with evolving feature set are typically very dev-centralized. If the dev issues 5 feature-forks or bugfix-forks a year, you can't really stay behind because you'll be sitting on a dead chain. Yes that's more of the reality of crypto's. POS generates coins to the holders of that coin in their wallets. And no miners can dictate that. So it varies in the term centralized that way. Id say POS is far more centralized.. then say Bitcoin. Eventually, ETH maybe will move to POS then Id consider it pretty much centralized... if that all makes sense I thought that was the plan already |
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With Bitcoin bouncing off the weekly 20 SMA, Segwit hashrate overtakes that of BU, making it clear to sellers how hysterical they have been with their hardfork fears. At the very least, prepare for a big retrace.
Price is heavily discounted. Buy or die.
Long time no see, Blitz. A signal SW has ended the war means a retrace is inevitable. I am not sure the war is over yet though, even though I wish it was. |
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They can't kill bitcoin. Alts are already decreasing and bitcoin is coming back up. China is also buying again.
Ehem... https://coinmarketcap.com/charts/If you look at "Bitcoin Percentage of Total Market Capitalization" you'll see Bitcoin hit an all time low today of 66.64% of total crypto market cap. In other words: Alts are increasing. Alarmingly so. I clocked it at 66.3% yesterday, I think - but either way, it's less than two thirds. Which IS significant. It is an alts bubble, effectively - but it can only continue as long as BTC carries on looking like a beached whale waiting for the tide to come in. |
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It's been remarkably quiet in here lately, given the price action. Everyone glued to BTC drama?
I'm very glad I diversified into alts in 2014, otherwise I'd be very uncomfortable right now. BTC purists are slagging off the alts and spouting various implausible conspiracy theories, so there is real pain for them - it's not just discomfort... However, it is just common sense to have a balanced portfolio in crypto. At times like this, it is quite obvious why. That said, the rise of alts has been huge these past few months with BTC down to 66.3% of the overall crypto market. Yep, down to under two thirds. It is true that we are in an alt bubble, so if someone waves a magic wand and ends the civil war, I would expect a sea of red, but the crypto space does have serious contenders now and BTC is never going to be over 90% of the market again. The only thing to watch out for is that a total collapse in the price of BTC to (say) under $500 will depress the entire market. Some capital will leave and some exchanges and miners may even be in trouble. If we are heading for 2014 all over again, it will not be easy no matter what you are holding. I have been of the opinion for many years that sooner or later some other crypto would replace BTC. The reason is simple, there are literally hundreds of cryptocurrencies that are technically superior to BTC. In the past when I pointed out that BTC block time is not realistic if the intent is to replace cash, I was told that BTC could just change the block time, so these upstart alts with shorter block times don't even matter. But the truth is that BTC will never, and can never, change the block time; and the reason I feel confident in saying so is that it has now literally been years without a consensus on a scaling solution. If they can't find consensus on a block size issue in years, they will never, ever, be able to agree on a block time change (although that too would help address the scaling issue). No, the block time, and reward for BTC are set in stone and no consensus on change would ever arise, which means BTC will never be a viable replacement for cash. Even if the block size dispute is settled such that I can get a small transaction in the very next block every single time with a tiny fee, waiting 10 minutes on average is too long for a substitute for cash. BTC has been benefiting from the network effect of having been first. I have always considered it a matter of time until some replacement asserts itself. I will admit I did not even suspect monero though until the past 6 months or so. I have been moving the majority of my BTC into a handful of promising alts for more than a year and this past six months or so (but especially the past two months) has been insanely profitable for me. Of the top 5 cryptos by market cap I have been accumulating all of them except for ripple (because who needs a centralized cryptocurrency anyway?) so the transfer away from BTC to alts has been very welcome to me. But I agree, a full on floundering for BTC would be bad for everything. I would rather see a slow and steady decline for BTC while it was replaced by alts. Agreed, I have always thought ten minutes was ludicrous for BTC to expect to be used for a coffee purchase as it stands. Maybe SW and LN would sort this, but BTCs lack of consensus is the thing that is losing it its unassailable status. Other alts? Of course, eventually will make their mark and takeover, even - but BTC is still the backbone of the market for now. If another alt surpasses it soon and becomes No. 1, it will have been BTC's fault. My hunch is BTC will sort something out and we have a way to go yet (before this happens). Unless Bitcoin really shoots itself in the foot... BTC is going through some growing pains right now and perhaps there is something a bit sinister afoot. Not sure what to think with BU. Regarding XMR, the lack of JAXX support or a light wallet imo, really hurt. I think the price would be much higher right now. Maybe that is a good thing. I am a holder however. And there are questions regarding the fee's for XMR as it relates our growing and quite large blockchain. Sorry, no expert and I just said that poorly, but maybe someone can jump in here. Speaking of coffee, how does one buy it without a light wallet? Any word on Jaxx integration? Jaxx integration was abandoned AFAIK. |
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It's been remarkably quiet in here lately, given the price action. Everyone glued to BTC drama?
I'm very glad I diversified into alts in 2014, otherwise I'd be very uncomfortable right now. BTC purists are slagging off the alts and spouting various implausible conspiracy theories, so there is real pain for them - it's not just discomfort... However, it is just common sense to have a balanced portfolio in crypto. At times like this, it is quite obvious why. That said, the rise of alts has been huge these past few months with BTC down to 66.3% of the overall crypto market. Yep, down to under two thirds. It is true that we are in an alt bubble, so if someone waves a magic wand and ends the civil war, I would expect a sea of red, but the crypto space does have serious contenders now and BTC is never going to be over 90% of the market again. The only thing to watch out for is that a total collapse in the price of BTC to (say) under $500 will depress the entire market. Some capital will leave and some exchanges and miners may even be in trouble. If we are heading for 2014 all over again, it will not be easy no matter what you are holding. I have been of the opinion for many years that sooner or later some other crypto would replace BTC. The reason is simple, there are literally hundreds of cryptocurrencies that are technically superior to BTC. In the past when I pointed out that BTC block time is not realistic if the intent is to replace cash, I was told that BTC could just change the block time, so these upstart alts with shorter block times don't even matter. But the truth is that BTC will never, and can never, change the block time; and the reason I feel confident in saying so is that it has now literally been years without a consensus on a scaling solution. If they can't find consensus on a block size issue in years, they will never, ever, be able to agree on a block time change (although that too would help address the scaling issue). No, the block time, and reward for BTC are set in stone and no consensus on change would ever arise, which means BTC will never be a viable replacement for cash. Even if the block size dispute is settled such that I can get a small transaction in the very next block every single time with a tiny fee, waiting 10 minutes on average is too long for a substitute for cash. BTC has been benefiting from the network effect of having been first. I have always considered it a matter of time until some replacement asserts itself. I will admit I did not even suspect monero though until the past 6 months or so. I have been moving the majority of my BTC into a handful of promising alts for more than a year and this past six months or so (but especially the past two months) has been insanely profitable for me. Of the top 5 cryptos by market cap I have been accumulating all of them except for ripple (because who needs a centralized cryptocurrency anyway?) so the transfer away from BTC to alts has been very welcome to me. But I agree, a full on floundering for BTC would be bad for everything. I would rather see a slow and steady decline for BTC while it was replaced by alts. Agreed, I have always thought ten minutes was ludicrous for BTC to expect to be used for a coffee purchase as it stands. Maybe SW and LN would sort this, but BTCs lack of consensus is the thing that is losing it its unassailable status. Other alts? Of course, eventually will make their mark and takeover, even - but BTC is still the backbone of the market for now. If another alt surpasses it soon and becomes No. 1, it will have been BTC's fault. My hunch is BTC will sort something out and we have a way to go yet (before this happens). Unless Bitcoin really shoots itself in the foot... |
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But let's flip your stupid assertion on its head. Isn't it a problem that one angry chinese miner and one high powered enthusiast on the autism specter can bring Bitcoin to its knees? Why is that? Why is Bitcoin so weak?
A lot of bitcoin haters joined forces to make it look weak. Those are different groups with different agendas. They would hate to see segwit, LN and side chains implemented. Every fucking altcoin can be implemented as a bitcoin side chain without any risk to consumers! But that is the last thing banks would like to see. So they pump the alts they've chosen to distract average Joe from further converting his savings into bitcoins. The alt is not dangerous for banks. They can kill it anytime just by dumping it. 99% of altcoin investors are just desperado gamblers that don't really care about smart contracts or whatever. Do you really think the BU crowd, the banks, Roger Ver and some Chinese dark forces all sat around a table together and conspired to bring Bitcoin down? I know this is the internet age and anyone can believe anything - but the problem is simple. Bitcoin is at war with itself, unable to change to deliver a solution to a real problem and lacking leadership, and direction. It has issues and no solution is apparent. There is no conspiracy of dumpers, just people who worry and sell coins because of this uncertainty. It is rational behaviour to sell when the price is not looking realistic. That is all. I am a Bitcoin fan. Agreed, although I wouldn't say that we need leadership but rather a more clear mechanism of decision making. 1 BTC = 1 VOTE If Satoshi was alive, I might agree to this. I would trust his giant block vote, as would many, I suspect. It's already true to say we can vote with our BTC by selling one chain and buying the other after any HF. But of course what we want is a mechanism to prevent this happening. Miners would not necessarily approve of this sort of vote course. I can't really see any new governance model emerging, but I do wish for a better debate and this whole issue sorting itself out sooner, rather than later |
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But let's flip your stupid assertion on its head. Isn't it a problem that one angry chinese miner and one high powered enthusiast on the autism specter can bring Bitcoin to its knees? Why is that? Why is Bitcoin so weak?
A lot of bitcoin haters joined forces to make it look weak. Those are different groups with different agendas. They would hate to see segwit, LN and side chains implemented. Every fucking altcoin can be implemented as a bitcoin side chain without any risk to consumers! But that is the last thing banks would like to see. So they pump the alts they've chosen to distract average Joe from further converting his savings into bitcoins. The alt is not dangerous for banks. They can kill it anytime just by dumping it. 99% of altcoin investors are just desperado gamblers that don't really care about smart contracts or whatever. Do you really think the BU crowd, the banks, Roger Ver and some Chinese dark forces all sat around a table together and conspired to bring Bitcoin down? I know this is the internet age and anyone can believe anything - but the problem is simple. Bitcoin is at war with itself, unable to change to deliver a solution to a real problem and lacking leadership, and direction. It has issues and no solution is apparent. There is no conspiracy of dumpers, just people who worry and sell coins because of this uncertainty. It is rational behaviour to sell when the price is not looking realistic. That is all. I am a Bitcoin fan. Agreed, although I wouldn't say that we need leadership but rather a more clear mechanism of decision making. I didn't mean centralised control, I just think the debate level is entrenched and hostile - all I see is is purile bickering. What mechanism we can have for decisions is difficult to envisage. Surely the default is the Core team - I have a feeling they could have done things better,or we wouldn't be here. I don't think too many people disagree we have scaling issues, so starting from there, how did we get to this shitstorm? |
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I know this is the internet age and anyone can believe anything - but the problem is simple. Bitcoin is at war with itself, unable to change to deliver a solution to a real problem and lacking leadership, and direction.
blah-blah-blah... Bitcoin is at war with itself from day one. There will always be different groups that have conflicting agendas. That is the natural sate of every decentralized project. Oh, and yes, "lack" of leadership is also good. Although, part of BUcoiners' arguments now is that Bitcoin is actually a Corecoin?!... So, is there a lack of leadership or there isn't? There is a clear direction as well. Core team have a road map not from yesterday! My point was simply that is is not a conspiracy, it is Bitcoin having problems within itself. I have little respect for any sides in this battle, whether it be Core, or the likes of Roger Ver. I also struggle with people who think 'it's a black ops / conspiracy' and nothing is actually wrong with Bitcoin at all. |
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But let's flip your stupid assertion on its head. Isn't it a problem that one angry chinese miner and one high powered enthusiast on the autism specter can bring Bitcoin to its knees? Why is that? Why is Bitcoin so weak?
A lot of bitcoin haters joined forces to make it look weak. Those are different groups with different agendas. They would hate to see segwit, LN and side chains implemented. Every fucking altcoin can be implemented as a bitcoin side chain without any risk to consumers! But that is the last thing banks would like to see. So they pump the alts they've chosen to distract average Joe from further converting his savings into bitcoins. The alt is not dangerous for banks. They can kill it anytime just by dumping it. 99% of altcoin investors are just desperado gamblers that don't really care about smart contracts or whatever. Do you really think the BU crowd, the banks, Roger Ver and some Chinese dark forces all sat around a table together and conspired to bring Bitcoin down? I know this is the internet age and anyone can believe anything - but the problem is simple. Bitcoin is at war with itself, unable to change to deliver a solution to a real problem and lacking leadership, and direction. It has issues and no solution is apparent. There is no conspiracy of dumpers, just people who worry and sell coins because of this uncertainty. It is rational behaviour to sell when the price is not looking realistic. That is all. I am a Bitcoin fan. |
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It's been remarkably quiet in here lately, given the price action. Everyone glued to BTC drama?
Hard not to watch the carnage and smell the fear on diehard BTC threads. But XMR is just doing its thing and holding a fairly tight range in USD terms. To be honest, it's not that exciting as XMR has not shot up as BTC has dived. This is slightly disappointing, I really expected to keep no. 4 market cap at least and have a shot at the XMR/BTC ATH again. A little fresh news excuse would be rather helpful, I would like it a little less quiet here, too. |
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It's been remarkably quiet in here lately, given the price action. Everyone glued to BTC drama?
I'm very glad I diversified into alts in 2014, otherwise I'd be very uncomfortable right now. BTC purists are slagging off the alts and spouting various implausible conspiracy theories, so there is real pain for them - it's not just discomfort... However, it is just common sense to have a balanced portfolio in crypto. At times like this, it is quite obvious why. That said, the rise of alts has been huge these past few months with BTC down to 66.3% of the overall crypto market. Yep, down to under two thirds. It is true that we are in an alt bubble, so if someone waves a magic wand and ends the civil war, I would expect a sea of red, but the crypto space does have serious contenders now and BTC is never going to be over 90% of the market again. The only thing to watch out for is that a total collapse in the price of BTC to (say) under $500 will depress the entire market. Some capital will leave and some exchanges and miners may even be in trouble. If we are heading for 2014 all over again, it will not be easy no matter what you are holding. |
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