That was an interesting day.
I was expecting a bigger pump after Coinbase listing, but I guess people have started reacting more normally. Normally, it wouldn't matter if a well established coin like XRP gets listed in another exchange, there are so many that support it already. But since people were usually reacting in stupidly FOMO ways, I was expecting to see a 200% pump!

ASIC miners won't cause the price to dump, ASICs are not evil by definition, they might be handled correctly and I believe the GRIN team is handling them the best way I've ever seen with their roadmap.

I believe that in the current prices, ASICs will pump the price. Here's my reasoning,
With GRIN being so low in market cap (#175-#200), there won't be many or even any opportunist ASIC buyers who are buying an ASIC in order to make a quick cash from the rising prices.
The ones who will buy an ASIC will be investors who believe in the strength and future of GRIN and they are willing to mine for a loss in order to accumulate coins and support the network.
This should essentially push out c31 GPU miners who are just mining whatever algo is more profitable and exchange everything they mine to BTC because they happen to have a strong GPU.

I'm using this site to see where the volume is,
https://coinlib.io/global-crypto-charts#money_flow

And here you can read articles about the subject,
https://www.coindesk.com/tag/tether

Don't get distracted by "the next days or weeks" though, focus more on the "next years".
I believe this pump is at least 50% artificial, I see a lot of TetherUSD trading and I don't trust this thing. There's also the FUD for the trade-war which is causing investors to turn away from the stock market and maybe at some level away from fiat too.

I don't think the trade-war fears will last and when things seem to be getting better, some investors will at least take some profit from BTC and return some cash to the stock market. This alongside the suspicious TetherUSD trading makes me nervous about the sustainability of the pump.
Well, maybe FOMO will trample upon everything in the end! I'm fine with either direction in the short-term.

I'm applying and I'll set my referral ID in the sig if I'm accepted.

User: RivAngE
Position to Apply: Full Member
Posts Start: 1679
Address: 1EbB1MKvGX9FGy1fZtdaYoewiUfTN2LVQ5

PS: What are the plans regarding the duration of the campaign? So far there are no plans to stop it in a specific date?
PS2: For whatever reason, the 1st avatar I uploaded from imgur using the OP's link looks a bit broken, the transparency just isn't there. I've updated to the correct avatar but it might take a few mins to show Fixed

Nice signature design! I like how you've put the stars around the title!
However I suppose this beautiful design is the reason there's no Full Member spot open? We can't use colourful signatures

That's too bad, I was fulfilling all the other roles. I'll add you in the watchlist in case you open spots for Full Members in the future!

PS: Nvm, I just noticed the campaign is over! The title needs to be updated to [COMPLETE] or [OVER] or something similar!

Please report an open spot?
It's been almost 4 months huh? I remember I had registered about 7 hours after you posted the campaign but all the spots were already filled! I've been watching the thread since then (with some breaks).
I hope I didn't miss a spot opening during one of these "breaks".

If this graph is correct, then this is going to be another disaster,
https://coinlib.io/global-crypto-charts#global_money_flow

As long as people trade their real Bitcoins with paper TetherUSD, whoever controls Tether can control BTC's price.
I suppose this difference of flow between fiat (USD, EUR, Yuan etc) and TUSD isn't that huge, but I didn't remember to look at it a few days before when the rally started.

But how do you calculate the confirmations required for pure PoS+MN blockchains?
For example you require 125 confirmations on Zenzo, with 1 minute blocktime that's 2 hours wait time!
With the supply in circulation and the current price, it'd cost someone 148000$ to attack the coin with a 51%, so don't you think that's at least secure enough to drop the confirmation time to about half of what it is now?

Semi-dead PoW coins are easily attacked if you point Nicehash or a small farm or a couple of ASICs on their network, those are really easy to attack (though pointless profit-wise).

Go tell that to people who call crazy Bitcoin prices.
Just google "bitcoin target" and you'll even many 6-digit expectations, mostly around 100k and even 400k (!!)
For a smaller-cap coin like XRP (though it's still big overall, but smaller than BTC) a 10x target isn't that crazy, it went 20x last time in just 1 month.

PS: With this post I don't mean that I prefer XRP over BTC nor that I prefer BTC over XRP, I'm just stating numbers.

I just finished reading their latest whitepaper and... Omg... If you have some technical understanding of internet technologies then you should read it too!
The ARK team has some great ideas and they building a great system.

I can't wait to see the finished product!

The good news is that you can recover your account by contacting their support.
The bad news is that, even under normal circumstances the procedure is usually slow in order to keep user accounts safe... now imagine how long it'll take for one of the slowest companies which is also under a crisis after their hack.
Good luck!!

One thing is that people sell their altcoins to try and ride the BTC train, they'll probably return to Alts once they are off their lows and BTC has tanked ! ^^
But other than that, I don't see a big drop from ENJ, I was expecting a bigger one because as I had said the Samsung hype reaction was exaggerating... no big correction yet though. Maybe sooner or later people will panic and sell on lower prices and then the recover can start.

@mindrust It's all about which exchanges are supported by the service.
OpenMarketCap supports few but trustful exchanges (though I wouldn't be so sure about Bitfinex... being trustful)
This way they get rid of the biggest fake volumes that comes from most exchanges, for example Hotbit reports 11,749,655€ 24h volume on GRIN which is then summed by Coingeko! I haven't used Hotbit, but that GRIN volume guarantees a note to myself to never ever try them.

In any case, being picky about exchanges will result in some real volume being lost. For example they haven't list Bittrex yet in which there is about 25000$ GRIN volume.
I tend to trust Bittrex for reporting real numbers, they are among the best choices for non-Chinese users when it comes to altcoins.

Come on, you still haven't realised that the price of any cryptocurrency is not dictated from the advances in the space but it's being played by the few crypto-whales and outside manipulators through derivatives? ... and sometimes FOMO or FUD might get common people into the play so that most of them can lose their money while pushing the price higher or lower.
We're not widely adopted yet to have a natural growth from userbase nor is there any consistent regulation and safety for big investors to chip in.

I just read between the lines based on their emote...
1) I figured they're mad that the price is falling
2) Whoever is mad because the price is falling, bought on higher prices (otherwise they'd be happy the price is falling and they can buy cheaper)
3) Whoever bought on high prices and is mad for the falling prices, didn't expect a fall
= I believe I'm doing a good deed by explaining to people who didn't expect a certain outcome, why did something happen, the knowledge might protect them the next time

wow indeed the only blockchain project, and look at the list! There are many big-shot projects,
https://developers.google.com/season-of-docs/docs/participants/
Apache, Arduino, Drupal, LibreOffice, Tor, VideoLAN (The VLC devs)... and among them is ARK!

We got a white-scroll!!
https://zenzo.io/wp-content/uploads/2019/05/ZENZO-GM-Scroll-v1.0-WhitePaper-English.pdf

I'm sure that if you capitalise on your userbase and sell game developers a place to advertise their games, Zenzo will do great in this harsh environment!
All you need is a solid goal for what will be your financial inflow.

Maybe you should first ask yourself why was it heading this high up in the first place.
It had a low price for 3 months and then BOOM it went 6 times up, was that normal? It's still 4 times up from the bottom.

People should stop buying coins without having any reason other than "it's going up, so it will keep going up".

So for the time being, that makes it 876k coins per month, or about 430680$.
To be honest I trust the team to hold the coins more than the miners, but ain't that a bit too big amount? This should be enough to pay about 80 employees and 20 executives.