Smart money is buying/accumulating and holding in an anticipation of big news and releases coming. Good times coming for those who are patient through this dry time.
There is too much selling pressure. I hope we have found the bottom in 120s or else panic sell will lead us to Pre Rev 2 release. |
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is it possible to be listed on btc-e.com?
Slim to no chance. I think that they will eventually add XC, after rev 3, public launch and whitepaper later this year, XC is bound to become the first altcoin on the market What do you exactly mean the first altcoin? |
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Hi folks
Introducing:
**The XC Daily Update**
I think it would be a good idea to let the community know what the team is up to each day.
We always have a lot going on and it's futile to try report everything, but I'll give you regular updates on the agenda.
Today:
- Dan is working on the next update to secure private messaging (EM).
- I'm drafting the new OP for this thread.
- We're updating website materials, the FAQ, etc.
Not trying to sound like a fan boy, but there's nothing like this among all our competitors. This will be THE single most effective strategy to gain and hold confidence of investors. |
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You can easily judge the top three active communities around anonymous alts by this poll.
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@synechist, did you get an answer from anyone at Cloak?
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They are all calling for discussion on coins without complete open source code to be banned now. *sigh* I don't think Risto would possibly take such action. We still need to get the word out. |
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The listing of COIN will be a liquidity event like no other in BTC history. The most extreme bubble in BTC history is the 53x ramp from April to June of 2011. It would be unreasonable not to consider that the impact of COIN might exceed that event, therefore. A 60x ramp would achieve that by a significant margin, without breaking new territory.
Let's suppose that there is a 50% chance of COIN being listed, and an 90% chance of a multi-month topping formation to ensue, and a 10% chance of that formation, conditional upon its formation, breaking a new scale record. I consider all of these estimates to be low-ball. The resulting contribution to the aggregate value of a bitcoin in Q1 2015, over all scenarios, is 920; a 25 bp/diem return means that if all other scenarios were flat zeros, even so your expection is net 9 bp/diem positive carry against current BFX margin rates.
If the stopping time of a 13% margin call at 620 is less that sqrt((920-620)*9/25) ~ 10 times the duration of the scenario (I take at 160 days), then there is a net negative expectation. I will spare you the stopping time calculation (a bunch of stochastic integration very ill-suited to a forum post). It is much less. In other words, I consider provable given a few reasonable and not very limiting scenario assumptions (although not here proven even conditionally) the (perhaps obvious) conclusion that even the most eggregiously optimistic scenario cannot justify the risk of full margined carry, unless you can get substantially better rates (or higher leverage limits) elsewhere.
Holding, on the other hand, is a no-brainer.
Intermediate leverage falls between, and I have yet to calculate the optimum, which depends on better scenario coverage for its confidence margins. It really requires a numerical approximation to do it on a principled basis with reasonable margins, at my level of understanding. I couldn't expect to produce a closed form for the general case in the time one could allow to do a doctoral dissertation, so it's just not practical for me to try.
TL;DR: HODL
I've always found staggering credibility in your posts. So, looking at what you wrote, Bitcoin price went from $0.6 to $32 between April to June of 2011. That's a 53x ramp as you said. Are you saying after the listing of COIN, Bitcoin will see another surge of 60x from it's current $600? |
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Looks like someone's getting rid of their stash. I wonder if the market will be able to hold the 140 price range once again.
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If anyone of these several currencies are willing to offer a 10 BTC bounty offer for anyone to challenge their anonymity, you would know for sure who's the real deal. Once they accept the challenge, we'll then see who's in for the long term with their ground breaking technology. So far, after considerable research, I've sided with XCurrency due to their immaculate development team.
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They probably bought in on a competitor coin and accumulated much more than they have in XC, however they still hold a substancial amount of XC. XC's price may severely limit their profit margin if they were to buy back in and accumulate more ATM. Because they probably acquired the competitor's coin for next to nothing, they will do everything they can to keep XC's price low which may divert more investors to their coin and increase the potential for profit
+1. This is a solid rationale. Important that it doesn't necessitate a competitor either. Let's help the ol' dumper out by giving him some nice solid support. There's no better way to get drain his funds, get cheap coins, and remove obstacles to the inevitable ascent of XC. Well, the way I see is that almost all of the alts saw a decent 10% decline on average in the last 2 days. My guess would be that there is an upcoming BTC breakout on the way above the 654 resistance area and as trends dictate, they will be hopping on the BTC train for quick profit. That would be sweet. Thing is, holding XC effectively means holding BTC since BTC will be mostly traded against USD and CNY. So by holding XC we all stand to profit from BTC's upcoming bubble. Agreed. The only thing that worries me is the lack of volume on Mintpal since the VeriCoin attack. But, let's hope, traders attract more traders like virus comes to fruition soon enough. |
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They probably bought in on a competitor coin and accumulated much more than they have in XC, however they still hold a substancial amount of XC. XC's price may severely limit their profit margin if they were to buy back in and accumulate more ATM. Because they probably acquired the competitor's coin for next to nothing, they will do everything they can to keep XC's price low which may divert more investors to their coin and increase the potential for profit
+1. This is a solid rationale. Important that it doesn't necessitate a competitor either. Let's help the ol' dumper out by giving him some nice solid support. There's no better way to get drain his funds, get cheap coins, and remove obstacles to the inevitable ascent of XC. Well, the way I see is that almost all of the alts saw a decent 10% decline on average in the last 2 days. My guess would be that there is an upcoming BTC breakout on the way above the 654 resistance area and as trends dictate, they will be hopping on the BTC train for quick profit. |
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drk up 18% xmr up 18% cloak up 13% XC up 4%
and xc is by far the best anonymous coin. I don't get it.
No one does We have really bad internet presence. Only once have I heard any mention of xc on a youtube crypto show. But most of the times when I read an article about anon coins and what they have to offer, it is about drk or cloak. Twitter has just a few (1-2) mentions per hour while cloak has a shitload. I really don't think many people outside of these forums know that xc already has a very good implementation of anon , possibly the best. There is only one or two articles on the internet about xc and they keep repeating themselves on all the sites. So we should all tweet, blog and even letting the darknet people on reddit know that we exist. Paying for exposure is great but to get the ball rolling we need to create o lot of awareness so that people will write about xc because they want to. To do this we first need to let everybody know that the only true anon coin is #Xcurrency. We have a plan and tics coming, first the tech needs to be ironed out. Ideal strategy in my opinion. I was thinking about that earlier and I'd like to know about that. Who decides on strategic moves as you move closer to the official launch? Also, how do you guys work as a team? Is it decentralized as your product?  |
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drk up 18% xmr up 18% cloak up 13% XC up 4%
and xc is by far the best anonymous coin. I don't get it.
If you're talking about last 24 hrs, we've seen 12.63% up |
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Something strange happened. The weekly MACD for XC just went green all of a sudden for me. It was red when I checked the charts a couple of hours ago. Is it just me or someone else can confirm this strange occurring?
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Always on time! Thanks Dan!
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Picked up extra 3000 XC from this correction. Thank you for panicking guys!
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Are you guys fckn serious? People dump and they panic. Law of the jungle. You're in the wrong game if you don't know that already.
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225 seems like a wonderful entry point. But I'm afraid this dumping is leading us to 200.
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I have a feeling we might not see a retracement in the mid 250s. There is too much buying support around.
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