amicrypto (OP)
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June 28, 2019, 05:26:40 AM
Last edit: June 28, 2019, 06:07:36 AM by amicrypto |
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Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?
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leonair
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June 28, 2019, 06:45:36 AM |
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You're not alone my friend, I heavily invested with XLM too and holding since its ATH and as of now I don't see any reason for it to go this low, it's out of the top 10 altcoins. The price of it goes stagnant when Bitcoin's price are increasing.
When I'm looking to the Stellar community it seems that they are very much active to more projects but it didn't justified its current price and to think that XRP are still on the top 3 makes me more wonder.
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Jpti
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June 28, 2019, 07:09:28 AM |
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What has caused price fall of stellar coin. Stellar is one of my favourite coins and to be exact I have invested in the coin. So it is obviously that my attention will be drawn to the performance of the coin. Concerning its price, sometimes price of a coin may go up or down without any reasons. I think there may not be any concrete reasons behind fall of the coin.
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MadeinCoin
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June 28, 2019, 10:50:31 AM |
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I also haven't seen a clear reason so far why Stellar is stuck and doesn't rise when BTC rises. I am still holding some XLM here and waiting for him to surprise me.
It's better to be patient with friends when it's time for the altcoin season to come, even though it's a bit stellar now. I walked in several Stellar forums and still haven't found clarity why Stellar is stuck.
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masterrex
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June 28, 2019, 12:13:52 PM |
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Stellar Lumens (XLM) is indeed a good Blockchain project. And it was altready prove its existence and place in the crypto-space wayback 2017-2018 Bullrun. So no need to question about Stellar Lumens capability. Its true that Bitcoin price rally has a significant effect in the market. But its not yet strong enough to drive all Alts to the top patience is a virtue so we must wait till it come soon.
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Tipstar
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June 28, 2019, 01:10:28 PM |
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Stellar Lumens (XLM) is indeed a good Blockchain project. And it was altready prove its existence and place in the crypto-space wayback 2017-2018 Bullrun. So no need to question about Stellar Lumens capability. Its true that Bitcoin price rally has a significant effect in the market. But its not yet strong enough to drive all Alts to the top patience is a virtue so we must wait till it come soon.
Stellar has been in the shadow of Ethereum. It's exchange never got a good traffic as there are not many stellar based tokens to trade with. Single blockchain exchanges would never succeed. Stellar though better than Ethereum in many ways, is still complicated for most of the developers. |
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batang_bitcoin
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June 28, 2019, 01:28:15 PM |
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A coin that doesn't pump because of btc's dominance doesn't mean that they are abandoning the project. XLM is just one of the many altcoins that has bad market as of bitcoin's rally. Don't think that it's the only coin that suffers during the pump and bitcoin's time of shining. While XLM is on no movement mode, aren't you considering of buying it right now at cheaper rates? I think it's a bargain for those people that are looking up to this coin.
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Farul
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June 28, 2019, 01:59:36 PM |
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Because There Are Some Bad Rumour About It. First, Libra Is Announced,And Some Rumoured It'll Be XRP And XLM Competitor. Second, There's A Rumour That IBM And Stellar Relationship Is Souring( https://t.me/StellarLumens/325632). Third, Jed McCaleb Is No Longer SDF CEO.  If You Complaining Abot XLM Price Now, Don't Worry Other Altcoin Experiences That Too.  |
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LimLims
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June 28, 2019, 02:30:12 PM |
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Yes this is well appropriate.
But you need to understand how the price of XLM affects.
This happenes due to the trading volume.
It is only the trading volume for which the price of a particular coin increases or decreases.
So i guess now you can understand.
For this XLM you can say out of flavor.
Good luck.
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dark08
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June 28, 2019, 02:33:59 PM |
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I'm also a holder of XLM and its really sad too see this altcoin now follow the price flow of Bitcoin but not only XLM most altcoin are being experienced a hard down after Bitcoin dominance and suddenly make a falling down. Maybe because we are not on altcoin season stage.
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rosezionjohn
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June 28, 2019, 02:44:03 PM |
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Maybe it was just overpriced before and it is now coming back to its real value? What has made it pump previously? When people lose trust or when the hype on certain announcements dies down, a price decline is to be expected.
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cupruri
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June 28, 2019, 04:28:04 PM |
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I have no idea, but this is happening not only with Stellar. It is one of the greatest altcoins and stands in one raw with ETH, LTC, BCH and so on. But none of those altcoins have shown a great price increase, so I hope great times are coming in the future.
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pinoy.bolanon
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June 29, 2019, 04:40:48 AM |
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Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?
XLM is a good investment for me, but what matters to me is the number of supply out in the market, XLM has the large number of coins in the market, and in fact some of the exchanges has doing some airdrops up until this very moment like blockchain and coinbase and some others too, for now, the supply is not controlled, maybe this is the reason why many are selling their holdings, and it affects the price value. |
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vladimirhf
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June 29, 2019, 06:05:36 AM |
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Stellar has been in the shadow of Ethereum. It's exchange never got a good traffic as there are not many stellar based tokens to trade with. Single blockchain exchanges would never succeed. Stellar though better than Ethereum in many ways, is still complicated for most of the developers.
the exchange is much better than any eth dex, unfortunatelly most people are holding / trading tokens on centralized exchanges and dont even try to use the coins... |
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puremage111
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June 29, 2019, 06:11:48 AM |
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Well XLM pump are usually kinda off tick from the usual market pump
When most alts pump, XLM doesn't really pump until a specific season
It is just like XRP in the current market
Despite i could classified XRP as a tier 1 major alts like Ethereum, EOS, LTC
But look at it, it is not pump yet
However, when XLM/XRP pump, it pumps alot especially comes to XLM
I didn't really follow on the development of XLM but there's a cycle that its price will get appreciated
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Aveatrex
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June 29, 2019, 06:29:30 AM |
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You're not alone my friend, I heavily invested with XLM too and holding since its ATH and as of now I don't see any reason for it to go this low, it's out of the top 10 altcoins. The price of it goes stagnant when Bitcoin's price are increasing.
As far as I know,there is some inflation of Stellar: Staking.If I remmeber well there's a 1% APR if you stake your Stellar in your wallet and considering that there's a lot of people who are Staking coins nowadays this can be a reason why XLM isn't getting pumped much during the bull market,that's why I don't like much Masternode/Stake-able coins to be honest. |
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ccsang
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June 29, 2019, 07:26:46 AM |
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Because There Are Some Bad Rumour About It. First, Libra Is Announced,And Some Rumoured It'll Be XRP And XLM Competitor. Second, There's A Rumour That IBM And Stellar Relationship Is Souring( https://t.me/StellarLumens/325632). Third, Jed McCaleb Is No Longer SDF CEO. If You Complaining Abot XLM Price Now, Don't Worry Other Altcoin Experiences That Too. Thanks for the information, look like there are too much bad rumour around Stellar, no wonder bitcoin price rapid grow but Stellar price drop. Altcoins will not feel the benefits in current market grow, we're not alone but I still believe that Stellar is one of the top potential altcoin. |
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torry28
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June 29, 2019, 11:31:41 PM |
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Yes this is well appropriate.
But you need to understand how the price of XLM affects.
This happenes due to the trading volume.
It is only the trading volume for which the price of a particular coin increases or decreases.
So i guess now you can understand.
For this XLM you can say out of flavor.
Good luck.
What the f**k actuallly you wrote. I don't understand it all Maybe it was just overpriced before and it is now coming back to its real value? What has made it pump previously? When people lose trust or when the hype on certain announcements dies down, a price decline is to be expected.
Yes it was overpriced. As you can see the price keep stable since 2018 until now, there should be at least some good news since then, but it doesn't affect with stellar price |
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GreatArkansas
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June 30, 2019, 12:36:35 AM |
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Stellar is pure shitcoin, as I remember, Stellar(XLM) is the fork of XRP before right? Since I don't like XRP and I believe that XRP is also a shitcoin.
There's a lot of shitcoin now that has still huge market cap, most of them are just pumps and dumps, manipulation at its finest, even XRP and Stellar.
Becareful holding these kind of coins, especially Steller(XLM).
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Airelves09
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June 30, 2019, 01:07:06 AM |
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XLM is one of many altcoins. I think it's market effect that the price of XLM hasn't risen. Most of the money in the encryption market has gone to buy BTC. That lowered the prices of other altcoins. The XLM community has been very active. I believe that when most altcoins prices go up, they will go up. So we need to wait patiently.
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