The mere fact (and sad reality) that we're sitting here today looking at frikkin' DASH still in the #3 spot on cmcap priced *still* over forty bucks fiat after it pumped so far for no reason... when by all rights and -- if there was actually any justice or a God in the world -- it srsly ought to be MONERO in that spot now, LOL... all that says is just ANYTHING CAN HAPPEN IN CRYPTO (and if you just HODL and wait long enough it almost certainly will happen  ) Hey - don't stress on the D-coin. We are (quietly - shhh!) back over $15 and were a few days ago in the $11.xx range. Also we are back well over $200mn market cap and closing in on Ripple at no 4. Softy, softly. The smart money knows XMR is the real coin and D*** is for shits 'n' giggles, pumps and dumps. Honeypony is fine and dandy, any shorts out there have to be trembling. EDIT: $16 as I type! |
|
|
|
We are recovering a bit.
Back up to 0113
More than recovering if you look at it in terms of dollar/xmr. I find that to be somehow at least as relevant, especially lately when bitcoin was moving dollar/xmr was often very stable. Agreed - no one seems to notice this. We dipped under $12, now it's back to the upper $13.xx / $14 point. In value terms it's a good sign. Smart money notices these things ;-) |
|
|
|
Who's next?
Monero?
Hope so, but without the taint of engineered fake pump.. |
|
|
|
If Monero is able to break 0.017 (the peak/resistance from some time ago) it will be a good piece of news. Let's wait and see what happens.
Buy side too low right now, the Dash fiasco has to end - it's sucking up most Polo volume right now. Another leg down might see money finally desert it. |
|
|
|
Okay guys/fellow speculators, do you think it is finally time to dump dark coins and pump Monero or shall we wait still to better deals?
It was time yesterday, TC. But the smart money knew that and have already dumped. And the time to buy (not 'pump' - don't use that word, please) was also yesterday - or any day from now on. |
|
|
|
£1000
Congratulations to all fellow Brits
Yes! The fall in Sterling is partly responsible, but I'll take that anyway. Debt in GBP, earnings in USD/BTC. Same here, the one silver lining to Brexit has been the increase in value of my non-GBP assets. |
|
|
|
The (alleged) Gox ATH was within a couple of $ of gold parity back in 2013 IIRC.
It's debatable if GOX can be called an ATH, since it was fake coins and you couldn't withdraw coins or FIAT at that time. Er - I think that was me who said that. But I know the issues - hence putting 'alleged' in. What I was saying was if we go above the Gox figure too, we won't need to have the debate any more (at last). |
|
|
|
Stamp is only $20 away from gold parity!!
The (alleged) Gox ATH was within a couple of $ of gold parity back in 2013 IIRC. I won't be surprised if we stall there. The media will jump on it and the FOMO will be huge if we top it - it's the 'no argument' ATH - and then Gold parity too?. It will be news, big news. But maybe some people won't want to see that. Popcorn time! |
|
|
|
|
So, BTC pops over 1200...
And all bets are off on our little fledgling of a run up. For now. Bit of a shame.
If the ETF fails, there will be more blood on the streets than expected I think - gonna lock in some BTC profits in case a fall comes in advance of the 11th.
No ETF with the blocksize issue still unresolved makes BTC at $1200 look overpriced.
The next two weeks will be... interesting. There will be winners and losers whichever way the ETF goes.
|
|
|
|
35USD is a pretty high level for FOMO money.
Looks to me like educated money is looking for an alternative to BTC in the event of an ETF or blocksize crash in BTC price, or is looking for a toehold in the "silver altcoin" which might grow as bitcoin use wains due to transaction fees/delays.
Educated money might be seeing something in XMR's marketcap competitors that XMR doesn't offer. Unbloated blockchain? Real world use?
Yes, except Dash has minimal 'real' transactions - the miners and nodes churn it to make it look good, but so few real transactions take place it is relatively untested. I think the liquidity is part of the issue - fewer Dash are available (partly Masternode issue) so it's simply an easier pump than Monero and dash and it's cabal of whales and nodes have the incentive and the money to help that along. The amount of BTC on the buy side of the XMR chart on Polo could buy ALL the Dash on Polo nearly three times over - even at it's present price. I don't think smart money is impressed with a pretty, hired face to make videos. Also, Evan is untrustworthy. Makes no sense to look to Dash to be the main silver to BTC's gold. People are indeed looking for what to jump to, that is certain, but that it is Dash is in no way certain - on the contrary. |
|
|
|
pludge??
or plunge???
I was more squirming at the thought of going 15 days without a discharge. I can't imagine that... |
|
|
|
Volume up, buy side strengthening, 0.0107 breached convincingly, MA crossover up to the 4hr. Daily crossover is a little way off yet, but I have a feeling we will see the second green candle in a row for the first time in a couple of weeks. My hunch (based upon a smidgen of TA and tea leaves) is we are seeing a turn in direction: Up. Who sold at the bottom?  Though XMR/BTC went lower, it did maintain it's fiat value around $12-$13. I'm about to feel jealous at the premine coin, sorry I mean Dash, for hitting the 3rd place (in market cap.)  Anyway, Monero is back on track. Actually we went below $12, but now we are back up to nudging $13, which looks good. We still need to see volume on Polo up from here though, and buy side needs to be towards 3K BTC, it's gone up in the past few hours to a healthier level, but we are a third of the D-coin's volume and a long way under its market cap (yes, I have been watching and it's not much fun). D*** cannot keep it up forever, though - there will be tears and a fall. Today's daily candle must be green, and then, I think we bottomed locally at 0.00922 - next targets 0.01168, then 0.0124. Dare I say 'the next 24 hours are c....' Actually, no, I won't Other factors weigh heavily: So many are waiting for ETF news and watching how far D*** can go before it's time to bale out. I am surprised DCrash has not happened yet, the overheating is obvious now - FOMO always ends in tears. As for BTC - I think bailing out (if ETF is to fail) will come before the 11th (which is a Saturday, anyway) EDIT: number slip |
|
|
|
Volume up, buy side strengthening, 0.0107 breached convincingly, MA crossover up to the 4hr. Daily crossover is a little way off yet, but I have a feeling we will see the second green candle in a row for the first time in a couple of weeks. My hunch (based upon a smidgen of TA and tea leaves) is we are seeing a turn in direction: Up. Who sold at the bottom? |
|
|
|
Regardless of any viewpoints on DASH, historically just about every major XMR rally is preceded by a DASH rally, usually by a few weeks. This is my observation, perhaps its merely coincidence but you decide. I'll be interested to see what happens this time.
^ posted this the last time Dash was peaking, reposting for future observation The February breakout was looking like not happening, but.... maybe you called that just right, Sir - a little spike as I type... Here's hoping this one breaks 0.0107 and sets us back on our path... Killed it. (.0107 that is) Of course everything happens when I'm working away from internet access. First leg up complete. Now money in BTC needs to look where to go if the ETF is not approved, there will be a flight, probably before the 11th, if the smart money thinks it's a 'no'. Monero is oversold and under historic volume levels, I don't think nervous money worried about a BTC ETF dip will be looking at Dash, it's way overbought. I think some of the money must have its finger hovering over the trigger while it is pointed at XMR. But then I really shouldn't speculate, should I |
|
|
|
Regardless of any viewpoints on DASH, historically just about every major XMR rally is preceded by a DASH rally, usually by a few weeks. This is my observation, perhaps its merely coincidence but you decide. I'll be interested to see what happens this time.
^ posted this the last time Dash was peaking, reposting for future observation The February breakout was looking like not happening, but.... maybe you called that just right, Sir - a little spike as I type... Here's hoping this one breaks 0.0107 and sets us back on our path... |
|
|
|
Regardless of any viewpoints on DASH, historically just about every major XMR rally is preceded by a DASH rally, usually by a few weeks. This is my observation, perhaps its merely coincidence but you decide. I'll be interested to see what happens this time.
^ posted this the last time Dash was peaking, reposting for future observation If that compounds with the tendency of Monero to rally in the early spring, the next few months will be interesting indeed. If? Nope. When... |
|
|
|
That's great, you should have one for Finex as well though. How about this one?  Hmm... except those guys should be in the teller position, not the customer line. If that is Finex, the customer is on the other side |
|
|
|
ATH in price is only one side of the coin. the other is market cap.
in 2013 the market cap was ~12B at its peak, and litecoin was less than $100M.
today bitcoin is almost $19B, and the next 5 top coins have a combined $2B.
cryptocurrency as an entire sector is up 8 *BILLION* dollars, or ~66% since the 2013 peak.
$8 billion has NOT been poured in since 2013. Supply in all of those coins have risen essentially people hodling = marketcap rising. I bet less than a few hundred million $ has been put in but essentially people are willing to hodl coins more and more as they lose trust in the governments and services appear that allow you to bypass fiat and spend your crypto anywhere fiat is accepted. duh, thats how market cap works. Yea i guss.. its just that many people end up making it seem like 8 billion has been poured in when it has not. The cap increases for sure.. So heres an.interesting thought experiment. What if you decreased supply to keep cap the same.but raise the price? Would that still be the same? I would say that there is a fundamental difference.between the two in that in one the opportunity cost changes and essentially goes back to the idea that velocity drives the true value of money. If supply increased but people held.. the opportunity cost is less than if 8 billion was put in to drive the cap up while supply remained static. The extra liquidity increases opportunity and thus you cant say increasing cap.via decreasing supply == increasing cap via increased liquidity and thus price. If people held - that does not decide the price of the extra supply. Price is determined by what people are prepared to buy the available supply at. If that supply increases, then it does not matter if everyone who has the existing supply holds, the price becomes the price that the (increased) available supply is bought at. Increased supply (if demand does not change) will normally decrease price. The holders do not affect this, the buyers (and sellers) of the available supply do. Decreased supply will normally increase price if demand is constant. Market cap is useful in any traded asset, in that the measure is always the same; number of units of the asset that are available, multiplied by the current price of an available unit that the market will pay. Any asset where units are uniform, that is reasonably easy to obtain with a known market price can be valued like this, thus it is a valuable metric. Saying 'the money was not actually paid' is not relevant as this applies to all of such assets. Apple shares are not all traded every day, many are held by pension schemes, but the company is still valued as the price of its issued shares multiplied by the number issued. If the price goes up, then the value of all the available units is more valuable. We all see our coins as 'worth' the current price. So we all believe in the market cap being an accurate measure. Of course if everyone sells price will not be maintained, and the same applies if no one sells. Supply and demand affects price and market cap equally, therefore it is a useful measure. |
|
|
|
The smart money has been shorting dash since 0.024 Watching that market cap collapse is interesting. I have my popcorn and am loving the show.... Counting the pennies clocking up Dark coin is indeed a good sell now and perhaps a good buy below 0.01? What do you think? If you are able to get Darkcoins below 0.01 btc you most likely are able to sell it higher at some point... It might take some time but the rises seem to be consistent and sharp with Dark coin.... Monero chart is much more smoothier if you pull the all time chart. Perhaps the reason of sharp rises of Dark coin is some Masternode(s) want to join in the party....? Dash was an easy short from 0.024 down to 0.0205 ish - now I think there is a dead cat bounce, then a further drop. Monero is still light on the buy side (compared to 'normal') but it has gone up to a better level (about 1500 BTC stacked up). I am not holding Dash and will not - it's way higher-priced than is warranted, so even if I trusted the coin - which I do not - I don't fancy holding it. Monero is looking better just now, it looks like the tide has turned a little. For the brave, it's looking a good time for risking another short on Dash, but it's not a safe enough bet for me! I am hoping to see Monero back over 0.125 very soon, but it depends on BTC moves and the buy side needs to increase for it to happen. Look out for Polo rising a good way above 2000 BTC on the buy side with under 300K XMR on sale. If the ETF fails, all alts may well benefit. I hope XMR does more than most, I suspect it might. |
|
|
|
The smart money has been shorting dash since 0.024 Watching that market cap collapse is interesting. I have my popcorn and am loving the show.... Counting the pennies clocking up |
|
|
|
|
Show Posts
