0.00072097 BTC (-11.80%)
NOTE: this is the drop in Bitcoin, not dollar value so is unaffected by bitcoin price. If this was an issue with bitcoin value falling, we would see a drop in dollars and much less in btc.
This on top of the drop yesterday and the day before. This is a coin that was once worth a hella lot more than this. Plenty of coins are down right now but not by the same proportional amount.
For weeks now we have been told the network is stabilising and stakes will increase. Looking at the link they point to, all I see is a release rate that is highly variable withing a range but not breaking out of tat range at all and not looking like it ever will. Time to acknowledge that you have a problem or just pretend that is doesn't exist until the coin loses all value?
When a coin is paired against another, and in this case BTC, the parent coins price reflects on the other. When BTC price drops the effect is that LUX is worth less BTC, BTC is paired against USD so when BTC is worth less in USD so is LUX, but not always penny for penny, there is some fluctuation that traders will eventually even out. This is why Alt coins go down when BTC does.
Then when BTC goes on a bull run alts drop more as people sell Alts to ride the BTC train, when the BTC train slows they pour back into alts.
Now here is a nice chart showing the paired coins correlating very nicely together, As BTC drops so does LUX.
https://coinmarketcap.com/currencies/luxcoin/and here you can look at the BTC price on shitopia
https://www.cryptopia.co.nz/Exchange/?market=LUX_BTCScreaming FUD to people who point out the short comings of the DEV team and their communication skills in a timeline format (which is exactly why this thread exists), is ridiculous.
You need to learn the difference between FUD and Reality.
Reality: Pointing out short comings (the whole point of this thread) is the same as boss telling his employee he is making unacceptable mistakes, as Investors in LUX, we are the Boss.
We expect corrective action to take place and if it doesn't work... there is a problem with the employee.
FEAR is nothing to be feared, Fear is a survival tactic, it is fight or flight, it is a time to make decisive decisions, it keeps you alive and well, fearlessness is a reckless ideal used to convince you to die or lose for a cause, usually someone else's. If your looking at the trends and the communications or lack of and you see somethings not right nor looking good and you FEAR there is loss coming, then take action.
Uncertainty is doubt, is a direct reflection of how the DEVS and the flow of information to its community and market movements. Uncertainty is when you need to reflect on the information before your eyes, aka: reality, and question what you see. Uncertainty is a warning sign to consider fear to survive. Nothing is certain, and using uncertainty as an excuse to ignore what is in front of you is reckless.
Doubt is uncertainty. Indecision. Doubt and uncertainty are the one thing that will certainly harm you, it is quite literally a measure of being in a position while being conflicted on which of multiple actions to take to end the situation leading to fear, usually not taking any action at all is reckless and does not end well.
FUD: Think of it like being alone hanging from the end of a rope with no gear, holding on with 2 hands from a fall you will not enjoy.
You are FEARFUL of letting go of the rope, the rope breaking and being stuck on the rope, this is good, you have now identified you need to take action.
As you are UNCERTAIN and FEARFUL of the exact repercussions of letting go of the rope, so you look at your surroundings to access the situation looking for the best way to survive, you have to do something just hanging there with uncertainty isn't solving your problem.
This is the moment you are in the most danger, DOUBT, you are short term safe holding on but you doubt you can forever, you can see things are getting worse, rain,wind,hunger,thirsty,tired, You need to do something. You can decide to let go and see where the fall takes you depending on your surroundings and doubt you will be unscathed, or you could try to climb the rope risking removing 1 hand at a time risking losing your grip, lots of decisions someone could make, lots of doubt about the right choice. But you decide to HODL. So now you've decided to do nothing. Doing nothing... the most dangerous action in the world.
Smart people take action on FUD. Big money does. In the markets, that's all that matters.
The way you use FUD is ridiculous, here's a thread filled with time lined history, here's charts using real world facts, here is reality as it currently stands with a very likely forecast to the future but anyone using this factual information to take action and make decisions to remove ones self from a losing position, and surviving to prosper another day, even having more LUX in the end for doing so if this project even succeeds.
If I bought back in at today's price when I sold my Lux when you guys all cried FUD, I would hold over 200% more LUX, staking... not even worth it or calculable since the broken wallet.
FUD is the new BS trend word new "investors" like to think they understand. Used to cast discredit to anyone who does not share the same opinion with another.
Here is an idea, Google FUD is good.
Staking is a fools game in a BEAR market, even a volatile market, while the price continues to drop lower and lower as BTC pulls it to the bottom, and unless the world sees a use for LUX, rising the price is unlikely.
Even the best BTC traders/investors have sold their BTC for cash waiting for a bull trend, if it happens. They used FUD as a healthy way to benefit and play safe, not sling it like a golden sword to discredit people.
Ramping up staking..... HORSE SHIT! Might be implemented with the next wallet... if it works.
