Early indications volume may have bottomed

Never say never about the manipulated bullshit when it comes to the fact that XRP is even on coinmarket cap and there are many pro ripple advocating folks who already concede that XRP is not a blockchain, so what the fuck is it doing on coinmarket cap in the first place?  I would not be surprised by some pumping shenanigans that could bring XRP's market cap above bitcoin... furthermore, there is real shenanigans as well with circulating XRP supply at 40 billion, but total actual supply of XRP is 100 billion.  

Is there something stopping the sales of some of those extra and hidden 60 billion XRP - which could well mean that those other behind the scene XRP should be considered as part of its valuation (showing further that XRP is way overvalued with restricted supply that causes it to be able to pump more easily)?  Actually, no one really knows why XRP was pumped this last time around, but they are certainly doing a lot of marketing and they get a lot of regular press that seems to deceive peeps into thinking that this next thing called XRP (have you heard of it) is the next thing to sliced bread.

As HairyMaclairy said a little bit upthread -- albeit in an erroneous context -- extraordinary claims require extraordinary evidence.

I just meant capitulate on the poll. Or are you saying that hodlers don't even do that? If so than I guess I'm not part of the hodlgang any more

Michael Novogratz, the founder of the cryptocurrency asset management firm Galaxy Digital, believes the market has hit a bottom.

The market is experiencing "seller fatigue," Novogratz contended while speaking at Yahoo Finance's second annual All Markets Summit on Thursday, and added further that bitcoin, the biggest cryptocurrency by market capitalization, is now on the upswing.

Indeed, bitcoin is showing signs of life, having persistently found takers around $6,000 in the last three months. Hence, the signs indicate that the bears have likely run dry.

Novogratz also took note of the "classic bottom" in Galaxy Digital's cryptocurrency index, which is down more than 80 percent from its peak.

The valuations are cheap by December standards, and that could entice bargain hunters and investors like Novogratz who view bitcoin as a store of value.

"Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value," Novogratz said, according to a report from Reuters. The billionaire investor also told attendees that, in his view, plenty of money is waiting on the sidelines.

If BTC will see adoption like XRP or BCH then there will be a chance for another bull run.

Lately, I don't see the adoption of BTC growing only something opposite merchants stop accepting it. High fees (50$) for a single transaction when BTC was at ATH shows that this is not possible for Bitcoin to be a widespread payment solution because of the scaling issue. Ongoing for years debate on the scaling issue brings nothing besides new coin BCH which is now one of the biggest BTC concurrent on the market. I still don't believe that we need an LN on top of BTC and even if then we should let the blocksize grow until LN will be fully implemented/usable.

If Bitcoin resolves all burning problems then and only then will be a chance for another epic bull run. If not we will slowly see like Ripple, Ethereum and Bitcoin Cash are taking BTC place on the top of the coinmarketcap list.

I guess we are still waiting on you to capitulate then, it will rise only after the very last hold out falls.

Yes Luke is an idjiot.  Didn’t realize Knots was his.  Hmmm

Wtf is Bitcoin TRB?

I wonder if the recent Core bug will move the market. It might be the worst bug since 2010, though luckily it wasn't actually exploited and is unlikely to cause future trouble.

Called it.

The largest upside we see in the entire cryptoasset market is in the Privacy sector. Although Privacy networks are newer entrants, we believe the network effects seen from the likes of BTC earlier on will be repeated within dominant coins here. Not only do these coins target the same large and lower velocity store of value market as BTC and Currencies, they present a much deeper value proposition within those markets. As we stated above, the largest drivers of adoption within these networks will be continued pressure from capital controls, currency devaluation, and broader global turmoil. The use cases within the Privacy markets are incredibly sticky and feed on adoption, especially when regulators and law enforcement are making efforts to increase forensic penetration into public networks like BTC. Privacy networks do lack liquidity when compared to more commonly used Currencies, but they excel in and push the extremes of each use case within Currency networks. Recently, we have already seen early signs of adoption by some of these cryptoassets; ransoms being posted to large corporations where even BTC could be tracked and was not the preferred method, money laundering, and asset shielding. Looking into the space, we believe the use cases that target the largest end-markets will primarily use XMR (~60%) and ZEC (~20%). Despite developers and executives associated with these projects declining to comment upon illegal use (to avoid legal ramifications), the largest opportunity within the Privacy networks will be unlawful activities. Considering the nature of the use cases, the Privacy market user base will most likely rely on networks that have more active codebase development, more resistance to centralized control (possibly through mining), a growing ecosystem, and growing user base. Not only is XMR far more active in codebase development (prior report, pg. 20) and resistant to centralized mining efforts, it is fungible. While ZEC has an easier time being traded in regulated markets (since it has privacy features by request, not by default), we believe this will be a setback to adoption by darker markets, which prefer networks that are fungible (where more addresses use privacy than those which do not, making it more difficult to track down/blacklist tainted addresses). Only ~5% of the ZEC network uses “shielded” (or private) addresses currently, with the rest of the addresses being used for transactions functionally and technically no different than BTC.

Nice to see Monero back in the top ten. Could have been there for awhile mind you and I haven’t noticed.

ZEC was pumped from before launch with insider trading on tokens before chain launch and has been artificially held up since. It will die a slow death but it will die as any non trustless system will.

Not to be a sexist dick, but the ladies should be kept unaware of crypto holdings. It allows easier thinking in times of trouble. If really, really necessary, one could sell what's needed and magically come up with the money when it's needed.

So is this what the crypto winter felt like ?  Or still too cheerful?

https://en.wikipedia.org/wiki/Vladimir_Putin#KGB_career

More than a decade after its fall he tried to distance himself from it.


You don't get into the KGB without being a hardline Commie. That is a a fact.

On the chart which was mentioned above