XMR (Monero) exit scam?

[yelllowsin]

What do you guys think of this. Is it real?

https://cointelegraph.com/news/monero-loses-darknet-market-in-apparent-exit-scam

[sofu]

Real or not real. Its going down anyway hehe

Its the best altcoin Theymos said. Its better than Dash they said. Its not an exitpump before Zcash they said.

I say Bullshit

[qwizzie]

Poor Icey, what to do with that "DASH Collapsing Monero UP" thread of his now ?  

[EnacDomains]

Thanks for sharing..u prevented a bad a trade

[obit33]

lols,

come on guyz, you can FUD better than this... article is full of lies:
https://www.reddit.com/r/Monero/comments/560yem/whats_up_with_this_recent_influx_of_fud_and/

author is known dash-fanboy: https://twitter.com/thedesertlynx
how low has this community sunk? after the TheDashGuy shenanigans we get this bullshit, you guys must be desperate... pathetic

usual dash-suspects like qwizzie also back

make of it what you want, I'm buying cheap coins...

good luck!

edit: Joel Valenzuale, your just lost all credibility, you journalism-career will be short-lived now, well done!

[UnknownEye]

Nah,profitable or not i will stay out first from buying this coin.Is like have something happening and the price has been pushed down.I will stay out first and see what happening next.Anyone already buy this coin with large quantity ?

[The Sceptical Chymist]

Did they really quote as an authority a random reddit user who can't spell 'were' correctly?  WTF kind of journalism is this?

A darknet market ran away with users' money.  I'm shocked.  Shocked,  I tell you.  It's inconceivable that places that can't exist on the clear web, that sell kiddie porn, illegal drugs, and guns would pull a fast one like this.  What is the world coming to.

*yawn*

[Shiroslullaby]

Are you suggesting that someone who sells drugs and child pornography might have less than stellar morals?
LOL

Hasn't Alphabay already said that the issue on their site was an out-of-date daemon component on their website?
mymonero.com was working a half hour ago when I tried it. If they were having issues it looks to be sorted out.
My roughly six dollars of Monero was untouched! All praise be to the creator!

FUD gets lots of clicks, I guess. Gotta earn that ad revenue somehow.

[X7]

Incredible how an event coupled with Social media and brigading can have such a domino effect

[Zer0Sum]

Another non-story on the Coin Beagle Dispatch.

[BitcoinNational]

lols,

come on guyz, you can FUD better than this... article is full of lies:
https://www.reddit.com/r/Monero/comments/560yem/whats_up_with_this_recent_influx_of_fud_and/

author is known dash-fanboy: https://twitter.com/thedesertlynx
how low has this community sunk? after the TheDashGuy shenanigans we get this bullshit, you guys must be desperate... pathetic

usual dash-suspects like qwizzie also back

make of it what you want, I'm buying cheap coins...

good luck!

edit: Joel Valenzuale, your just lost all credibility, you journalism-career will be short-lived now, well done!

shenanigans

Update: Since this article's publication, AlphaBay has responded that they are up and running, that interruptions in Monero transactions were due to a software upgrade.

fine print hidden on bottom of the article

[ROT13]

Anyone who can't recognize that right now whales are playing every hand they have to drop the price and continue accumulating is an idiot.

[bbc.reporter]

When I was researching on chain blender I came across a post from john connor from the vcash forum that said that XMR's big pump was a possible exit scam. I did not take it seriously because I am aware of his history with the Monero development team. Now with all the news coming out I feel disappointed that I did not listen to him. I bought more and more instead because the Monero team was very confident. Now I feel that they have taken advantage of the situation and taken advantage of the trust of the community.

[Sukovsky]

Just hold. Stay loyal. Broke, but loyal.

[mkc]

Years ago, when Dash first accepted by dark net, it ran to $25 per coin, now, Dash still 12 dollars. You got the idea.

[dinofelis]

When I was researching on chain blender I came across a post from john connor from the vcash forum that said that XMR's big pump was a possible exit scam. I did not take it seriously because I am aware of his history with the Monero development team. Now with all the news coming out I feel disappointed that I did not listen to him. I bought more and more instead because the Monero team was very confident. Now I feel that they have taken advantage of the situation and taken advantage of the trust of the community.

You shouldn't care about the price of monero if you are USING it (to buy stuff).  And if you're not using it, then you can only be gambling on it.  It is in the nature of gambling that one can sometimes lose.  (in fact, exactly as many losses have to incur, as there are benefits).

If the price of monero comes from its usage (via Fisher's formula), then that price is a healthy fundamental.  If the price rises because people are betting on it, then this is a price built on hot air.

A market cap of $100 million, driven by Fisher's formula, would imply a VAST usage (billions of $ worth per year).  This could clearly not occur in a few weeks' time.    I'm pretty happy that the bubble deflates, because hot air doesn't do any good to a crypto currency.  The market cap should be sufficient for it to be usable and not more.

[bbc.reporter]

@dinofelis. That is easy for you to say if you are not holding XMR. Whether you use it or not you SHOULD care about the price. You should care more if you are using it. What if the value goes back to $1? If you have 1000 XMR then the value is only $1000. You will now only buy less with it in the darknet.

The darknet market acceptance is nothing but hype and the big price rise is nothing but "hot air". After a while and when everything is back to normal you can finally see the truth now. I should have found out earlier because now I am a bagholder of XMR.

[dinofelis]

@dinofelis. That is easy for you to say if you are not holding XMR. Whether you use it or not you SHOULD care about the price. You should care more if you are using it. What if the value goes back to $1? If you have 1000 XMR then the value is only $1000. You will now only buy less with it in the darknet.

If you are using it, you are not holding it long-term.  You obtain them (by selling stuff/providing services), and somewhat later, you are spending them (obtaining stuff/getting services).  You should only worry about a short-term fluctuation in between the obtaining them, and spending them.  That shouldn't be a long period.   If XMR is $1 a piece, or $100 a piece, doesn't really matter, if it doesn't change too much during the time between you selling stuff, and you buying stuff, which shouldn't be very long.  If you want to buy stuff on the dark market, you get your monero in the morning (eventually by having bought bitcoin for it, and having exchanged them for monero), and you've spend them in the afternoon.  What do you care about the price level, as long as it didn't change much between the morning and the afternoon ?

And if you're "holding" them, you're simply betting on their rise, but you're not using them.  In that case, of course, there are going to be as many winners as there are losers.

[bbc.reporter]

Yes but the short term fluctuation is losing 50% of your purchasing power in a matter of days. Also you cannot spend everything in one day. Sometimes it will take days before you decide when to buy. In my situation I was stupid to listen to the people in this forum. My emotions got the better of me into thinking that finally an altcoin will finally have some semblance of true value like bitcoin. I was very very wrong. That news posted by yelllowsin says it all. It was a pump and the pumpers made an exit.

[r0ach]

Just blame Spoetnik.