how high do you think ltc can go from here [...]?
$200? litecoin. are fucking joking me darkcoin was over 100. That makes pretty much any level of insanity possible. |
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I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.
I had a withdrawal that hung fire (pending) all day. I canceled it and submitted it again just now. Did you also try to make a withdrawal and it didn't go through? I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.
I withdrew 1000 XMR successfully yesterday afternoon. I got the confirmation email in approximately 2 seconds, and the transaction appeared on the network approximately 2 minutes after confirmation. I'm trying to withdraw 800. Been waiting five hours. That's my second attempt. I canceled the first attempted withdrawal for 800 xmr after waiting all day. Could 800 * $30 = more than your max withdrawal limit? Sounds incredible, but here we are  |
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>$100 USD does not sound that crazy for XMR anymore.
I remember fantasising that Monero may get to $10 one day, my fantasy was destroyed by reality, I'm going to move that outrageous dream to $400 Dreamers gotta dream I like to look more than 18 months ahead  |
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Polo down?  e: holy shit that sell.. would've happily bought some of that. I think nobody got any of that unless they already had the net out to catch it when it fell. I tried, but polo just locked up on me. It's weird how I often seem to watch these things unfold. I don't spend that much time watching charts. (Do I? ) |
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WTF is going on at poloniex? Anyone get a low bid filled there? Wow.
Risto selling his Monero Looked like a stop hunter to me. Shook some BTC back to the lending market, anyway. It wasn't that big of a sell off, but I think the book was pulled out from under it. |
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WTF is going on at poloniex? Anyone get a low bid filled there? Wow.
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Not to mention you don't have to be a whale to have this mentality.
During bull markets FOMO is the name of the game and Monero has the reputation of being "not like the other alts" which puts it further outside the FOMO bubble investing mindset. People want to make a quick buck, that's human nature. No one wants to put money into a relatively stable asset (for crypto anyway) when that quick easy profit is staring them in the face elsewhere.
Monero's reputation is great for the real world and long term. But it doesn't exactly scream FOMO during a bull market where anything and everything is pumping.
This has been the reasoning I have been using for some months, but the longer we go this direction the more pressure this would be under IMHO. The reason I have been becoming more and more astonished recently is so much money is being moved around in the other alts, some of which are utter garbage and all but the unwashed few know it. Eventually that money is going to need to come back to BTC or one of the few true and cryptologically sound alts, and specifically ones that offer value for other reasons. XMR offers exactly the type of functionality that people who make a killing off the ALT bull run would want to leverage in the aftermath of their spoils. I would expectr a delayed, but even greater bull run in XMR once the one in the rest of altlandia is over... but then does the alt crash aim that money at BTC or USD first? Very interesting time, I say again. Lot's of fortunes will be made... ...and lost. |
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C$41 and climbing. Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US. Not sure what world this is  |
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Another shiny day in Bitcoinland (and LTC too  ) But I want to share something I have just noticed when I arrived home. Kraken has have some misbehaviour today (again): If you look at the graphs there have been a very weird spike downwards from 1339€ to €1221.93 with no significant volume. It's not just a bitcoinwisdom error, as you can also see it as the 24h low mark on Kraken itself. What's so strange about this? Well, I have a limit order (since a few days ago) to buy BTC at around 1240€ which has NOT been fullfilled... but the price went lower than my buy order?!?! That's obviously a misbehaviour of their trading engine -not the first at all- and I think that may be some tight longs could have been incorrectly liquidated. Anyone else that have been affected by the misbehaviour, by not having orders executed when they should, or anyone that has been incorrectly liquidated (they shouldn't if limit buy orders would have executed), please contact me. In 2013 that was a grievance across pretty much all exchanges. Kraken seems to be the most easily bogged down exchange lately (weakest infrastructure remaining?), so no real surprise there. They are too busy adding shitcoins to fix what they've got. Over a week to respond to a support request? Screw them, I send my money elsewhere. |
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I make it XMR $25 based on Stamp prices.
Sweet.
Yeah, topped C$35 today  |
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I remember for a sustained period a couple of years ago there were dozens of posters laughing at us, mocking 'bag holders' as the price dived all the way back into the $200's. Who's laughing now!  I guess... those that were selling >$1000 and buying in the $200s ...? |
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Ok, I'd like to ask a question.
In many ways this is off topic (I apologise Smooth... at a pinch I could probably make a tenuous XMR link) but I want to ask this question here, rather than BTC speculation because that board is well....full of knobs. And conversely, this thread isn't (well Adolf and that duck character apart).
So....what is going on with BTC?
Everything I have read recently is negative with regard to 'fundamentals' and market confidence and all the blocksize squabbles. In fact, I saw a quote recently along the lines of "anyone who knows anything about BTC would not be investing now." But the price keeps going up.
Is this a wave of FOMO? Are whales manipulating the market so they can get a good exit price? Does someone know something most don't? Have a pile of rich drunken idiots discovered crypto? Is this linked to dodgy exchanges and money 'trapped' in the eco-system?
I'd be interested in your sincere and serious thoughts (or stupid if you prefer but if I'd have wanted cultist dictates or 'honeybadger' comments, I'd have gone to aforementioned board).
Scaling hasn't gone away, but now looks like it will (and LTC seems ok with Segwit) So it looks hunky dory.. BUT (a possible worry to note): Bitfinex is way higher than all other main exchanges and has 'led' this rise. However, BFX has no exit route in cash now. So people are having to buy BTC to get out... There are people who thinks BFX has messed with Tether and may have run a fractional reserve scam either in BTC (or possibly USDT) and that it might blow up... So part of the hike in price may have been led by an exchange with a whiff of Gox about it. Either way, as you would expect WallObserver bulls think it's all 'to be expected' and it's just what happens every time after a halving - but personally I think it's looking a little too-good-to-be-true. For me I don't get it, the fundamentals have not changed enough. I think we need to back off and look at the larger picture, not just crypto. The world is going haywire, and there is no "safe" asset. There's a LOT of cash out there looking for a place to roost. Crypto is going to continue to absorb an increasing share of it. Bitcoin can go WAY up on shaky fundamentals. Just ask the shitcoin crew. Fundamentals don't count for much right now. After the money gets in the door, it will start to look around, but to start with it goes with the main stream. I have just cashed a few out, but I have no idea if I am right to have done so. I just don't want to kick myself like I did after the 2013 run....
IMO The rise hasn't yet begun (OK, so I'm usually wrong...). I'd wait for something that starts to look exponential. This is a mere swell before the wave. A 'heads up' Like seeing $250-300 in 2013. It just got the party started. |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. I think this is solid analysis. I said something similar several weeks ago but am too lazy to find it now. Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value. I would like to see sense return to the market soon in that regard.As the vast majority haven't any, I wouldn't hold my breath on that. Monero contiues to thrive, going its own way. IMO Fungibility is, (and becomes more so daily) essential. No other (viable) coin has it. I think it must become a driving force, sooner or later. |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. Certainly, you were not the only one. Not terribly distressing to look back on now, though, is it? Due in part to your own contributions, Monero is solid, and growing. >C$30 is not such a bad place to consolidate |
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Took a break from bct but ofc not from Monero good2cu  Its about time |
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Yes it is nice to start a new leg up without the weak hands.
XMR does not have masternodes (DASH) or slow mining (Zcash) to limit the coins artificially and bring the price up, but Monero has strong hodlers.
It seems we will go through 25 USD today already, so 30 USD may not be that far away as there are not so many XMR coins around like ETH and the flow in crypto is huge.
Poloniex is a sea of green while XBT pushes to new highs. Something will break. XMR is enough of a wild card that it could follow either path. I think up is inevitable, but the timing... |
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I think declining volume is fine as long as the transaction volume and hash rates continue to trend up. Trading volumes just indicate how close we are to price discovery. In most alts, discovery tends to push price towards zero, but as long as there is a persistent demand for transactions and hash rate is high enough to restrict supply, dishoarding can't have much lasting market impact. Volume is just one indicator of liquidity.
tl;dr: Price discovery in xmr discovers happier things.
Agreed. I tend to watch trading more than the other metrics, but watching the hash rate and tx vol trend inevitably upward has always been a source of warm fuzzy feelings. It is something that sets Monero firmly apart from the herd. |
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They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.
Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too). Everyone needs anonymity. Most just haven't realized it yet. When they finally figure it out, look out ... And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins. True, XMR seems to be divorced from the altcoin scene, and just does its own thing. Which is good, IMO. I don't have time or inclination to investigate the DNMs, but I have used XMR for its intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed. I had etc I exchanged for xmr right before etc spiked (DOH) as I expected once BTC came down it would naturally be moved into xmr but it doesn't look like that is happening which is perplexing me. Maybe that FUD campaign actually worked? It had some effect, but XMR was drifting on a slight downgrade already, with falling volume and orders. I don't think the FUD caused any change in the trend. Any time you think you've discovered a correlation to XMR price movement, just move along, because it will change before you can capitalize on it |
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They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.
Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too). Everyone needs anonymity. Most just haven't realized it yet. When they finally figure it out, look out ... And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins. True, XMR seems to be divorced from the altcoin scene, and just does its own thing. Which is good, IMO. I don't have time or inclination to investigate the DNMs, but I have used XMR for its intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed. |
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They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.
Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too). Everyone needs anonymity. Most just haven't realized it yet. When they finally figure it out, look out ... |
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