Nutter with a sword shot by police. That is all. Nutters in England have fewer guns than in other countries, fortunately. EDIT: Fewer, not less. Unforgivable |
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BU would be lying.
I take no sides here, but they would claim it is a fork of the original Bitcoin blockchain. They would not be lying in saying that. I don't want Core vs BU debate here, it is blissfully free of it, I was just answering a question here on the effect on us. What I think personally is that a fork is not 'woo, free extra coins' it is a total shitstorm we could really do without. |
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Shifting gears a little bit: question for everyone here...
IF there's a bitcoin blockchain split and the overall value of both sides added together DROPS (as some people say, i.e. before split BTC = $1,000 but after split with say 80/20 hashrate division, the value is not $800/$200 but rather something like $600/$100, or less, due to loss of network effect)... do you guys think the "lost value" will just disappear i.e. go back to "dollars" as leaving "crypto" entirely, OR would it be reflected in increased "dollar value" of ALTS (even as, probably, the relevant alt-value as priced "in bitcoin" will almost certainly decrease...?)
TL;DR above :: if there's a BTC chain split, will those of us with appropriately balanced portfolios of alt-coins (XMR/ETH/MAID/DASH/etc) see the dollar-valuation of that portfolio stay largely the same, or will we need to be ready to DO something other than just ride-out the storm until bitcoin settles down again, post-split...?
Whadda Y'all Think... who's planning for what scenarios here?
After the ETH split the lesser fork increased in value and is still viable now. The value of the two was after a while greater than the original ETH. Now ETC is less significant as ETH has grown so much - but it was not (as expected) a fast death for the 'alt'. BTC is different - all the Alt market is priced in Bitcoin and let's face it, it is the best way to cash out of any alt (buy BTC with it, cash out of BTC). So in Bitcoin a split could in my view hit price hard - it is already why BTC has fallen and cannot break out. Even the uncertainty is hurting. The two chains will probably not add up to greater than the 'original' since upon a split, the news would be 'Bitcoin is broken' and 'now the supply of Bitcoin is doubled'. Volatility and acrimony will be the initial result. Value (even as a split looks realistic) could plummet initially and Alts will not simply rise up - they could be hit hard too. Alts are 'alternatives to Bitcoin' so the whole market will be jittery and volatile, unless there is a clear winner that unites Bitcoin and does so fast. If Bitcoin looks like dying (it won't - but it might look like it), then all crypto is at risk to some extent. Imagine selling a new Alt coin venture just after the shit has hit the fan with BTC? Eventually it will play out, yes - but a contentious fork (a civil war in Bitcoin) will be bad for crypto as a whole, in the short term at least. I hope it does not happen; it will not be good for the market if the rock-solid reputation of the main coin as 'one bitcoin, fixed supply, chain impossible to crack' is in question because there are 'two' Bitcoins on two chains with twice as many in circulation all of a sudden. Both will claim they are Bitcoin, neither will be lying, but both will accuse the other of betraying Satoshi's idea. That's my 2 cents. |
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where could I see this dollar chart?
Thanks,
Phil
A good place to see a lot of Monero stats is: https://www.monero.how/If you're on a mac you can put a ticker in your menu bar, too. I keep an eye on current USD value via this site. |
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Yeah, so much for the ATH talk... shoot. Guess we'll have to wait for something 'big' like maybe coinbase announcement for that again? I was hoping the 020's would hold longer, honestly, but here we're back in 18's today -- BUT -- let's remember guys, not that long ago we were stuck in that interminable damn $7 to $9-ish range. So really I tell myself anything over 015 for me is "comfortable", right? LOL just got a little too used to 020's... patience and HODL! We'll get there  BTC wasn't going to stay above 1100 for long, yesterday - so personally, the 018s were a peach of a buy. As long as you balance enough BTC against the XMR in what you hold, you're covered either way and it's possible to swing trade some play money between both fairly safely and get an edge to accumulate a little more on each swing. I know it's hard to have many of another coin, but it's wise to keep some old-fashioned BTC - just as a hedge This seesaw has been pretty reliable these past few days, the inverse price undulation has been a relatively safe and easy play. Yesterday to this morning was rather fun. And don't give up on the XMR ATH just yet. Last year's spring peak was in April after the regular February breakout. If it follows past patterns (while of course this is not certain) it may yet spike up. In any case we are already at USD ATH levels, so personally I have cashed out some crypto profits lately to treat myself. It's BTC that is the unstable variable if you watch the BTC / XMR pair - but the dollars are what you ultimately sell for, so you're right to keep an eye on that, too. |
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 38.2% retraction boundary at 0.01905. Undershot a little, but a pretty good call. I picked up some on a bid I left at 0.0189. However we seem to be uncertainly popping up and down according to BTC fluctuations now it's over $1070. I am hoping we break free of that and get up to a level over $22 again. But it's hard to call - a strong BTC rally will look like the alt bubble is ending and money might rush back to BTC. I don't think BTC will go up over 1100 in a hurry - too many will want to cash in, but if it does... Hmm..! Adjusting my positions a little |
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what are yalls theories to why dash & ethereum are out performing us so big league
Go back a bit in this thread and read my posts lately regarding possible Hail Mary Pass gambit by DashMasters, i.e. last ditch attempt to buy some kind of market adoption, merchant acceptance, etc, to get actual *transactions* going "artificially" in order to 'legitimize' their scamcoin project ... before other coins (cough xmr cough) take over real market segments like the DMN's and coinbase adoption, etc. Most here have pretty much shot down my idea on theory that it's simpler and more likely just a straight up Pump & Dump (same as has been done with Dash several times before already, just look at the chart, albeit THIS time on a much grander scale)... But unless and until the DUMP actually comes I am going to very carefully try to monitor actual Dash transaction volumes just in case they really *are* doing something like this. It's a desperate play but may actually have a small chance to succeed... maybe (?) That's re: Dash anyway. As for ETH? No clue LOL I read all your posts with interest, Sir. And I think it has been more than a straight P&D, but not sure how they think they can increase adoption when even BTC has little 'mass' adoption. They have been vying for (ok, buying) a position which puts them as a pretender to the throne with their actions, though. How far it will work remains to be seen. What has been happening is an alts bubble, which has pushed BTC share of all crypto down to around 70%. This is a huge fall in BTC market share. It's probably due to the near civil war over the blockchain scaling solution, which does not look like being solved very soon and may even result in a contentious fork. Also post-ETF excitement, you are left looking at transaction time backlogs and increasing fees to get through as fundamentally forcing BTC retreat to a position as 'the settlement system' and abandoning the 'buy your coffee with BTC' market - as mass adoption will be impossible for BTC to deal with as it stands. Bitcoin cannot even think of competing with Visa. Step up the first alt that wants to be accepted in every Starbucks? ETH is hugely above Dash and XMR in terms of market cap - it's over $4 billion. Most of that non-BTC 30% BTC cannot claim is currently ETH, due to its rise in size and market importance. I can't see it disappearing in a hurry and had it not been for the DAO disaster and fork, I think it would been 'heir apparent' to BTC already. We are still in the top 3 alts and as such a contender - and we have a tech superior to Dash and of course fungibility by default. So if Dash fails (and I think it will stumble) then it's us and ETH (for now). Not bad for the 'no marketing' coin |
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Since this is the speculation thread... ATH in sight? Are we bullish? |
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Or Dark is just so much easier to pump. Few big hands and all the coins stuck in masternodes etc etc.
Yup - hype up demand, restrict supply and even buy some to support it? Easy-peasy if you're centrally controlled. |
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Busy lately.
Nice price ramp. Lagging dash and zec right now, but that can't last forever. Just wish we had better software. I won't have time to put into it until late April, realistically.
BTC fork fears should create some good btc accumulation opportunities. Whether they can offer a levered entry into XMR, is hard to predict, however.
Welcome back, Aminorex. You've been missed. |
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I just read that AlphaBay is now accepting Ethereum as a coin. I think that this won't make XMR's life easier. Especially not when all are in the hype of ETH. Sad that XMR couldn't really use the momentum. But hey it has always a positive side. We probably can rebuy at 0.0080 again soon  I hope so very much. But staying at this is also ok or going higher...but I am happy sold at ATH...always found a greater fool  Monero is usually in a much steadier price range - far more practical. And er... Privacy is a feature. |
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It pains me to say this:
I sold my trading trading stash of BTC before the ETF, guessing it would not be approved.
I then set up buys on stamp with the money to catch the sub-1000 drop I expected (which I was flabbergasted did not happen immediately).
Then in the past couple of days with all the HF stuff flying around, I changed my mind, cancelled the buy orders and took the cash off Stamp completely. I see no reason to get back in as long as the existential threat to BTC of a contentious fork is out there.
There was nothing to push up the price after the ETF rejection and the storm which has blown up since is a complete turn off. Of course it has tanked.
Yes, I am keeping my cold stored BTC and I am keeping my XMR (my only other substantial investment in crypto). But any extra cash I have will not go into BTC - not until this shit storm is over. It's just too risky.
And I have been here and a perma-bull for fucking years.
Sorry guys, but I am not chasing dead cat bounces and praying it will not go lower. I will let someone else have the 'cheap coins'.
Bitcoin needs to sort it's shit out, or the bull run is over and and BTC (already struggling to stay over 70%) will become less and less important in the CC market.
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What is the point of having Monero on coinbase?
Not much, but it would be good for the spread of Monero and of course, its price. |
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Seriously folks I wouldn't be reading too much into this chart. It literally took me less than 7 seconds to make! It's kinda fun to compare with the current chart after all these months, but it's not indicative of any voodoo economical magic or intensive chart painting. Sorry, like it or not you are now a prophet and will move markets with a wave of your wand. Yes, only the true prophet would deny his powers! |
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More Monero volume on Polo than Dash....
Price is nice - and if rangedriver is right, well - who needs marketing, rather than superior tech?
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And a few Coinbase employees helped her write it - but it does have the 'not a coinbase endorsement' qualifier at the end. Bodes well, though. |
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$21.70 a coin and over $300mn market cap as I type. Not a bad day |
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What is the donation address - couldn't see it on a quick look. |
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Is anyone else a little scared by the speed of this rise?
No, it's been on the cards for a while. Every rise was supressed, but with Dash peaking it was inevitable some money would come back into XMR, as long as BTC stayed flat-ish. Enjoy.... EDIT: That is not to say Alts aren't in a bubble, of course - but XMR is not doubling in value every week. |
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If we just are thinking about the best fungible (private) crypto. Monero Wins On That, No Question, Game Over, End Of Story...They've ceded that point I don't often post in here. But for the record, that point is well and truly not ceded as far as this investor is concerned. I have held Monero since almost day 1 of its existence and Dash from a bit before. There's never been any doubt in my mind about which was more "fungible" because for me, "fungibility" is meaningless unless you're talking about a transparent blockchain with visible balances independently of whether anyone happens to hold a private key or not. Blockchain transparency (not obscurity) is what sustains authenticity & confidence and confidence is what sustains value if the asset is otherwise unbacked. I appreciate that posters in this thread prefer their blockchains encrypted. I've no problem with that since there are markets to cater for everyone's preference. Just don't pretend you've won some kind of 'battle' when you're not even on the same battlefield. Are you saying you think Dash is better than Monero - at least in this respect? |
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