It's rare to see fluffypony not wearing a watch. But I bet that's a really swanky umbrella. |
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LOL. Ok, so remember how I mumbled something about $11k USD/BTC being in danger ?
Yeah, ignore all that 😂
Meh. Looks like we are knocking on support one more time... I still say ~11130 needs to hold. Sure seems like with the current fundamental environment we would not be spending lots of time going down. |
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Whitehouse still running?
Yes, it is and as many predict, now it should become the biggest darkmarket. We will see in the upcoming weeks. We will also see in the upcoming weeks if number of monero transactions will increase. Right now they look like a bit up, but could be just trend that was on in last few weeks. Is that DNM monero only or something? Kind of. I am (honestly) not a customer, but I like to check these things out. I think they started out as a Monero only endeavor but may have folded a little to pressure to take BTC (which I do NOT understand at all... but whatevs) and allow that but I think via XMR.TO was the suggestion? |
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So was 11330 the capitulation on this pullback?
What say ye, Toxic et al?
I assume we really don't want to dip under 11140-ish for very long...
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Apparently one of biggest if not the biggest darkmarket went down two days ago. On Empire market users mostly did not use Monero. If Empire market dont come back its users will most likely move to other dark markets. Probably not that few to Monero only dark markets.
It's just a matter of time before Monero is the defacto standard for DNMs. I mean it just about already is. Whitehouse still running? |
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Thank you everyone..
Yeah.. that's cool. What a trip you are in for. Just sent my firstborn off to college. I have wept repeatedly. Your life changes. A lot. |
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I assume that must be hilarious. |
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For this one... the only reason this worries me is I thing institutional folks have been doing the short/manipulate/ long/manipulate game at least a little. I think that comes out as some of the bart-ing, and it's particularly obvious around end of week/month/contract times. So if they are shorting they are probably also setting up some big sells. That said, I have for quite a while envisioned a situation where they get spanked hard, which Bitcoin does to EVERYONE that tries to control it. And we could be close to that. Some day they are gonna set up all the shorts and the tide is gonna come in super hard and wash them all out. When that happens i will eat a slice of cake. |
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Truthers??? Epstein *DID* kill himself??? ...and JJG posts a one liner??? God fellas... it's just a little pullback, not the cornpocalypse! This is what we need!
To remind us of the truth:
Inevitable. |
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In the past when we see these sorts of big moves they tend to get smacked back down into the sub 8 range.
*sigh* lol. |
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the noon wall report
Really good stuff. |
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It predicts a price approaching infinity. Since there is no limit on the printing of fiat, there should be no limit to the value of a Bictoin. I'm hodling until ∞-1  *No no limits, we'll reach for the sky
No valley to deep, no mountain to high
No no limits, won't give up the fight
We do what we want and we do it with pride
Let me hear you say "yeah!"
No no, no no no no, no no no no
No no there's no limit!
No no, no no no no, no no no no
No no there's no limit!*No Limit lyrics © Decos Publishing It is certainly approaching infinity now... but after the last fraction of a BTC is mined in how ever many years the flow becomes 0 and the stock will be 20999xxx. Divide by zero error. That's only ever happened with certain collectibles... Mona Lisas... Certain baseball cards, etc. It's NEVER happened with something that is a money. |
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https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends. This is one of the more interesting pieces on this sort of topic I have seen. It may be a confirmation bias sort of thing, but I have always comforted myself that Bitcoin is yet another thing that people 20 years after it's introduction will be saying, "I can't believe I never invested in it". Even as big a deal as we, the choir, think Bitcoin is nothing like this is ever obvious to the masses, even the smart ones at first. We are still... at first. |
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Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you?  In extraordinary comfort. |
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Setting lowball bids at $9699
Doubt she's going to go that low, but good luck trying to hook that price. Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted. You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin. All of this seems inevitable to me. That said, I have always been skeptical of the model. For no good reason though. Really just because it fits too damn well, lol. And ultimately it HAS to fail. Because it predicts a price of $∞. Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS. Lol. |
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Shit is getting out of hand. Was just about to post this.
It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their furniture. It's actually good(bad) for ETH. Good as it is validating it, bad as it is going to add so much more to the centralization of it. I seriously wonder why they don't use Liquid USDT. SUCH a better design. Not centralized enough.  That's actually an interesting point. Liquid is a Federated trust model. Very much centralized. And openly. Ethereum is a "decentralized world computer (code is law)" that is probably about as "decentralized" as liquid, except no one is actually sure who is controlling it. |
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Alright, after a rip like yesterday no surprise we pull back especially in this overall crypto market being in a natural, healthy contraction.
I would just love to see Monero form a new base here... hopefully north of .008 from which to continue it's well deserved appreciation.
In the past when we see these sorts of big moves they tend to get smacked back down into the sub 8 range. But I think we should see fairly decent support at 81 even if we dip that low.
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Shit is getting out of hand. Was just about to post this.
It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their furniture. It's actually good(bad) for ETH. Good as it is validating it, bad as it is going to add so much more to the centralization of it. I seriously wonder why they don't use Liquid USDT. SUCH a better design. |
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I find myself wondering... Ver has been showing signs of sort of cracking a little in regards to BCH. Recommending Dash (barf) etc. Wonder if he's buying?
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From my observation this entire crypto pullback has been a healthy retrace in an immature bullrun. If Bitcoin can start back up I think we see key alts follow. That means ETH and LINK and maybe LTC move quickly, and XMR grinds up slowly.
That is NOT an endorsement of ETH and LINK which I think are both lost causes in the end. And Link may be at the top too. That barstool guy buying it felt pretty toppy. And LTC is still interesting because of it's development.
But XMR does not tend to be as volatile as it's peers.
Until it is.
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Well Wuille can sorta 
