Pump & Dump?
maybe after Binance listing There is no one to pay the $2 million listing fee, so will take much longer. Grin will pay the same listing fee as Ravencoin paid.  I don't know what listing fee Ravencoin might have paid, but for community driven projects which take a lot of attention, it makes sense for exchanges to list them for free or with big discounts. When the community is big, the exchanges want to grab customers from that community. I don't think anyone ever paid for BTC or ETH to be listed anywhere! "Back to listing. Ravencoin, no ICO, community project, humble people, no listing fee." CZ listed Ravencoin for free. Binance has not yet begun amassing a big pile of Grin hehehe. If it does, Grin will be listed for free. Some exchanges sometimes take more money from amassing a coin then pump and dump it than the listing fee, I reckon. |
|
|
|
Have you noticed that sportsbooks, dice sites and other businesses are also accepting altcoins and are increasing? yes, to some extent. this should be expected as the altcoin markets grow, especially when most merchants are using payment processors. with coinpayments, accepting altcoins is like flipping a switch on. this doesn't necessarily suggest altcoins are threatening to overtake bitcoin. Do you think the people will continue to use bitcoin when the fees are high? No, the people will look for alternatives, I reckon.
is that what happened in late 2017? there's a pretty strong correlation between fees and price: they rise together. evidently, people have been willing to pay what the fee market charges. i'm all for the market having different options, anyway. i think people will be willing to pay for bitcoin's superior security. for lower value transactions, there's lightning, sidechains, altcoins. it's hard to say how things will pan out exactly, but i think strong demand will remain for bitcoin because of its network liquidity and security. 2017 was only a temporary rise in fees. I am speculating on fees that are permanently high because 20 years from now the mining rewards will be very low for miners to support themselves. Miners might leave or users might be required to pay high fees. Can bitcoin sustain itself on fees alone? |
|
|
|
|
@BitHodler. That was what I was trying to say. If the darknet vendors' preference is only bitcoin, I reckon he might be putting all his customers at risk later. This will also negatively affect his business.
Also, adding Monero costs darknet drug dealers nothing and this might expand their customer base.
|
|
|
|
An executed order by definition does not add liquidity, it takes liquidity off the books.
However, they also provide the liquidity in the orderbook. In the creation of the market, it might be true that the volumes are fake because the market makers are trading largely with each other's orders depending where the market is going. We cannot expect that only users to start the market. |
|
|
|
|
What if this was an exit scam and they are making it appear that it is not an exit scam by stealing more 2 weeks after the exit scam hehe.
|
|
|
|
|
@hatshepsut93. Agreed. Also addicts like to hodl the drugs, not the bitcoins hehehe.
In any case, with regards to darknet safety, the darknet users should use Monero to secure their privacy. They do not want their transactions made on a blockchain that everyone can follow and analyze. It might put themselves in trouble later.
|
|
|
|
Watch Roma! It is on Netflix now if you have it. If not, there is always torrents hehehe. There is no excuse not to be able to watch the latest movies anymore.
I've seen the trailer and honestly this is exactly the kind of movie I don't care about, all about style, photography but no real story or characters (I really don't like Terrence Malick's movies for example). Tell me I'm wrong, that this is more than a "beautiful long clip" and I might watch it... eventually. Terrence Malik is different. He has an unrelatable style that maybe only his filmmaker peers or the critic would understand and admire, I reckon. Alfonso Cuaron's films is about human emotion in the face of adversity that all ordinary moviegoers can relate to. Watch Y Tu Mama Tambien, one of his earlier work. |
|
|
|
@asche. Freddie Mercury was gay wasn't he and he also died of AIDS which might have been contracted from other gay men or drug use?
He was not a saint, I reckon. He was gay and wild, which is something not to condemn him about.
Not codemning that. However the Freddy Mercury from the movie was nothing like the real Freddy. Ok both had aids and were gay. But in the movie he is kinda presented like "somewhat gay/bisexual", which is not who he was at all. Twisting the story like the producer/scenarist did, is blatant homophobia to me at worst, or just a way to make more money off the movie because it fits the narrative better. He can do what he want with fiction. But when you mix fiction and history and sell it as a biography, I don't like it. There are a lot of very good written critics about this you can read, I did. They are enlightening  If you hated the way he was portrayed in that movie, maybe you would have hated Sacha Cohen's portrayal. His would have drug parties with cocaine served on plates on top of women's heads and orgies with men and women hehehe. That might be the kind of person he was outside of Queen. |
|
|
|
@davis196. It is an indicator. Sometimes it might help some people trade better, however Tom Lee's misery index might have been created to make himself feel that he made the right decisions. Similar to the lies bagholders tell themselves hehehe. I should stop laughing at him, I am an Aeon bagholder.  |
|
|
|
Bgogo exchange looked like super fake bot washing traffic to me.  That is not organic volume. It is certainly not, however its purpose is not to fake the volume. They need to let their market makers provide the liquidity required to start a grin market in the exchange. They are only giving us a service as a liquidity provider. Also in the stockmarket, liquidity providers are required by law and enforced by a governing body. |
|
|
|
You dont think the Monero forum might have a certain bias do you?
OFC, but another perspective is useful. Coin-specific threads end up becoming circle jerks (Monero thread included). However, it also comes down to someone's belief what a cryptocoin representing as money should be. If a group of people share certain beliefs, then it is their right to reinforce those beliefs. It is easily thrown around by the people outside the group to call it a circle jerk. |
|
|
|
|
@aceptamosbitcoin. EOS will pump because Bo Shen will want it to pump if he thinks it is the right time, in other words if he has already accumulated what he needed to accumulate hehehe.
Dapps have nothing to do with it, I reckon.
|
|
|
|
Remember this? I reckon measuring Tom Lee's bitcoin misery index today would give a value near 0. Does that imply we should miserably begin buying now before it becomes less miserable hehehe?
As long as Tom Lee still thinks the 'true' value of Bitcoin is over $10,000 we shouldn't expect anything to change.  I want to see him regret every bullish thing he said about Bitcoin, consider it a ponzi scheme, and go back to his stock--traditional market analysis. He's not doing himself a favor continuing to be called a Bitcoin bull. I find it shocking that someone with his level of market understanding doesn't see how a bear market within the crypto world isn't much different from traditional bear markets. The only difference is that it bottoms out sooner. Maybe he has exposed much of his clients' funds in bitcoin. He was clearly becoming someone similar to a desperate ICO token bagholder beginning on January of 2018, then all his funny hype predictions came monthly hehehe. I laugh at him, however I also feel sorry for him. |
|
|
|
|
@pooyah87. It is also quite ironic that an institution like JP Morgan brought up the thought of a dystopian economy when their kind are the kind of parasites that feed on the people and bring dystopia.
Do we thank them for giving bitcoin its value hehehe?
|
|
|
|
Will cryptocoin users begin looking for other coins to use for cheaper transactions?
Yes, bitcoin has been slowly losing dominance. are you sure about that? first, you're probably mistaking altcoin speculation for actual usage. "cheaper transactions" has been an effective marketing ploy for many altcoins but their rise in price doesn't necessarily indicate people are using them for cheap fees. people are probably just speculating that cheap fees will be important for future utility. that doesn't make these speculators correct that bitcoin will be cannibalized by coins with lower transaction fees. the market will decide that. second, as more and more coins are launched (with higher and higher circulating supplies), "bitcoin dominance" as a function of market cap should continue dropping. that really doesn't indicate that bitcoin has lost its dominance over the market. no altcoin comes anywhere near dethroning bitcoin in price, liquidity, usage, value transferred, etc and i think that will continue to be true. Have you noticed that sportsbooks, dice sites and other businesses are also accepting altcoins and are increasing? Do you think the people will continue to use bitcoin when the fees are high? No, the people will look for alternatives, I reckon. |
|
|
|
|
@asche. Freddie Mercury was gay wasn't he and he also died of AIDS which might have been contracted from other gay men or drug use?
He was not a saint, I reckon. He was gay and wild, which is something not to condemn him about.
|
|
|
|
Do your due diligence and you will find the connections yourselves. The China Center for Information and Industry Development might be another corrupt cryptocoin ranking organization under the influence of Fenbushi Capital where Vitalik is a partner and founded by the Chinese billionaire, Bo Shen, who has a big investment in EOS. The organization has ranked EOS and Ethereum the no.1 and no.2 blockchains in the cryptospace with bitcoin only on no.15. I shake my head, unless this is the beginning hehehe.  According to a press release on Jan. 24th, China announced another iteration of its government-sponsored ranking system for the top cryptocurrencies and their blockchains, once again placing EOS at the head of the pack.
Despite holding the fifth position by market capitalization, with a valuation of $2.2 billion, EOS has managed to hold the top spot in blockchain appraisal by China’s Center for Information and Industry Development (CCID).
EOS was ranked #1 in the last iteration of the blockchain evaluation released in December 2018, a position the coin has held since June 2018. Bitcoin, with a market capitalization over twenty-eight times that of EOS, was ranked fifteenth in blockchain appraisal, up three spots from December’s rankings. Ethereum, which ranks third in market capitalization just behind XRP, held the distinction of the second highest rated blockchain by the government organization, with XRP being placed all the way in the 20th spot. ETH’s position remains unchanged from December.Source https://ethereumworldnews.com/eos-china-blockchain-ranking-cryptocurrency-2019/ |
|
|
|
|
Remember this? I reckon measuring Tom Lee's bitcoin misery index today would give a value near 0. Does that imply we should miserably begin buying now before it becomes less miserable hehehe?
|
|
|
|
Thank Satoshi that bitcoin was invented because JP Morgan and friends are making the dystopian economy real hehehe. However, bitcoin already has value, does that imply that we are already in a dystopian economy? Will a higher value also imply that we are deeper into dystopia? Have they run out of fud ideas?   Investment bank JPMorgan Chase has said that cryptocurrencies would only have value in a dystopian economy.
In a recent note to its clients, the firm said that it was skeptical of the value of cryptocurrencies apart from in a “dystopia” where investors have lost confidence in “all major reserve assets (dollar, euro, yen, gold) and in the payments system,” according to a report from Business Insider on Monday.
The banking giant further said that, though cryptocurrencies have a low correlation to traditional asset classes such as shares and bonds, they are not the best bet for diversification. “Low correlations have little value if the hedge asset itself is in a bear market.”
JPMorgan also reportedly said earlier this week that, with prices so low, bitcoin is worth less than the cost to mine it.Source https://www.coindesk.com/cryptocurrencies-would-only-have-value-in-dystopian-economy-jpmorgan |
|
|
|
|
@squatter. However, there are also these age old questions. Will cryptocoin users begin looking for other coins to use for cheaper transactions?
Yes, bitcoin has been slowly losing dominance.
Will the miners leave bitcoin and mine coins with better incentives?
Maybe, however I speculate the answer might be a yes[/] in a few years.
|
|
|
|
|
Show Posts
