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UnicornFarts
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October 30, 2014, 04:10:33 PM |
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I think we all do. I bought a load at 100, 79, just got a few more at 49, got orders all the way down. fuck it. If this ship is going down Im going down with it.
I dont think going open source when we are this low is a good idea, someone could just copy us, there will be a massive pump of the new coin and that will be the end of us. .. imo.
What I find so sad with your PR guy admitting they've been selling coins. Is that he was giving his idea of why the price should go up while dumping the shit out of you guys buying up all the "cheap XC's" There's no fiscal reason for the developer to get this coin to the point of open source where it's merits can really be evaluated by the community. New investors will be scared of that as they should be. |
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Ryse
Member
 Offline
Activity: 88
Merit: 10
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October 30, 2014, 04:11:49 PM |
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I saw this coming when other 'big' announcements starting releasing which was deviating the coin from its original goal. Kind of like when CLOAK was working on PoSA then before it was completed announced CIARA. Soon after, crashed.
FWIW, the alt market is red across the board. Im talking about legit coins (scam/pump & dump coins seem to be the only coins significantly increasing short-term). Until BTC does in fact have a trend reversal, expect horizontal movement or worse, a slow gradual downtrend until who-knows-when.
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We are all stardust.
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UnicornFarts
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October 30, 2014, 04:13:58 PM |
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I saw this coming when other 'big' announcements starting releasing which was deviating the coin from its original goal. Kind of like when CLOAK was working on PoSA then before it was completed announced CIARA. Soon after, crashed.
FWIW, the alt market is red across the board. Im talking about legit coins (scam/pump & dump coins seem to be the only coins significantly increasing short-term). Until BTC does in fact have a trend reversal, expect horizontal movement or worse, a slow gradual downtrend until who-knows-when.
it is pretty bloody out there. I got a feeling bitcoin is going to wind up resting in the 200's (at best) |
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the_game1224
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October 30, 2014, 04:17:32 PM |
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What a lovely day.....
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jibble
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October 30, 2014, 04:17:39 PM |
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Weird how its behaving like all the other coins in the market including XC , with regular dumps recently, almost looks like all these coins going down are all connected somehow.......weird, i thought it was 400 different reasons for why all these coins have lost value...not just 1
I agree with you all anon coins are down. But my response was to the poster who though XC not being open sourced had nothing to do with anything. I was just explaining how the market dynamics for darkcoin at the time they were closed sourced was different. It's different trying to claw your way to the top than it is being first to market with a new internet fad (anon currency). The latest downturn for XC that darkcoin and others have experienced less of was the announcement of the blocknet. Some major holders dumped on that news and still haven't stopped. Yeah i agree with that, but XC being open sourced now would have no effect on price, i still think the dumps would be happening , I want open source, it's the ultimate goal. and also its very debatable whether anyone would clone it so early.....bitcoin took a while to clone first, it took people time to learn how to do it, just like we are seeing with Dark coin currently, People are cloning , but they don't have the magic evan touch, to get it all working right, because they aint the ones that made it. Open sourcing some tech does take time before it can actually be cloned, because people need to understand it first to get it going properly, so the fear of cloning shouldn't be such a worry . But thats a whole other thing. this is exactly what i think it is, it is a large holder or a few large holders no longer agreeing with what XC is doing. Anything else thou like the thoughts or the intricate reasons for those actions are pure conjecture unless you are one of them. Most coins usually only really "die" when the developers stop/slow down development or run away, if they continue doing work , it wont "die" . this is people or persons selling their holdings cos they are moving funds, to another coin maybe, cashing out maybe. But anything of these "reasons" peple are putting for the single collapse of a single coin in a fully connected crypto market is pure subjective speculation |
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btcney
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October 30, 2014, 04:21:34 PM |
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PaidFudder
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October 30, 2014, 04:27:57 PM |
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I think we all do. I bought a load at 100, 79, just got a few more at 49, got orders all the way down. fuck it. If this ship is going down Im going down with it.
I dont think going open source when we are this low is a good idea, someone could just copy us, there will be a massive pump of the new coin and that will be the end of us. .. imo.
What I find so sad with your PR guy admitting they've been selling coins. Is that he was giving his idea of why the price should go up while dumping the shit out of you guys buying up all the "cheap XC's"There's no fiscal reason for the developer to get this coin to the point of open source where it's merits can really be evaluated by the community. New investors will be scared of that as they should be. exept they can actually code - better for a longterm scam |
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mav137
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October 30, 2014, 04:28:13 PM |
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It's the crypto limbo, this is where the men are separated from the boys, this is where you get tested about the size of your balls  |
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12truth34
Newbie
Offline
Activity: 1
Merit: 0
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October 30, 2014, 04:29:49 PM |
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XC Premine was discovered to be gone and admitted to by the team. I think we found out who was selling off on good news time after time....The XC Team selling the premine. |
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rdnkjdi
Legendary
Offline
Activity: 1256
Merit: 1009
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October 30, 2014, 04:33:32 PM |
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People found out the devs have dumped all their premine before doing the BlockNET. There is fear that the primary focus won't be on finishing XCurrency since there is no longer any financial incentive for the devs to do so. this is exactly what i think it is, it is a large holder or a few large holders no longer agreeing with what XC is doing. Anything else thou like the thoughts or the intricate reasons for those actions are pure conjecture unless you are one of them. The problem is with the PoW structured to be a pump and dump. The largest holders had a cost acquisition of .02 - .05 per coin. When they see the devs dumping they follow suite. No new money is going to come into a closed sourced coin when there are open sourced coins available. The reasons for this are A - It's provable that the developer has done what he says he has. Community is full of prying eyes. B - It's possible for another dev to pick up where old dev left off if he leaves, gets hit by a bus etc. C - There is a re-assurance that the dev is doing for more than fiscal gain but actually for a sold out belief in a cause (in some instances). Since anyone can clone it the challenge is "If you can do a better job than I can - I'll give you a head start. Here's my code. I want to see this happen more than I want to financially benefit from it." This isn't always the case for all open source coins. P.S. For everyone in this thread that came over and said I was too greedy and had just myself to blame for losing money to the XC dev who did the ASIC scam. Back at you. You were greedy and stupid to buy into a closed source marketing trick. At least I get to put my scammer behind bars  |
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Ryse
Member
Offline
Activity: 88
Merit: 10
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October 30, 2014, 04:33:55 PM |
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XC Premine was discovered to be gone and admitted to by the team. I think we found out who was selling off on good news time after time....The XC Team selling the premine. So nobody was tracking the premine address until recently? Premine addy watch 24/7 is a standard for any and every alt launched with a premine. |
We are all stardust.
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mav137
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October 30, 2014, 04:34:17 PM |
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Yeah this would be an eXCelent time for Dan to appear and shush the current panic to rest
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shanuu
Full Member
Offline
Activity: 131
Merit: 100
New Beginning!
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October 30, 2014, 04:34:29 PM |
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XC Premine was discovered to be gone and admitted to by the team. I think we found out who was selling off on good news time after time....The XC Team selling the premine. I don't believe that!!! You have arguments to sustain what you just sad? |
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JakeThePanda
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October 30, 2014, 04:35:56 PM |
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To say XC is going down because of the overall market is just wrong. If that was the case XC would still be in the top 15 with all coins declining in a similar way. But, XC is now sitting close to number 30 on the coinmarket cap list. It's obvious that something is specifically wrong with XC. Sorry, that's just the way it is. I was lucky that I saw this coming and sold out above 110k.
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holyprofit
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October 30, 2014, 04:38:15 PM |
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Let's see ... UnicornFarts, rjskjdndl, PaidFudder ... it's a royal flush of fudders !
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rdnkjdi
Legendary
Offline
Activity: 1256
Merit: 1009
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October 30, 2014, 04:39:07 PM |
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Let's see ... UnicornFarts, rjskjdndl, PaidFudder ... it's a royal flush of fudders !
Meanwhile your lord and savior synechist is posting in the blocknet and not showing his face in here o.O Get a grip man. You've been duped. I spent hours outlining why people should be careful and was told I deserved to lose money, I was too greedy, etc etc. Maybe if people paid more attention instead of blindly following the goons (AKA paying a little attention to "FUD") they wouldn't have been dumped on by their own developers while the devs moved on to another project with the same end goals It's absolutely hilarious to me that I'M the bad guy here I didn't make you lose your money - they did. I didn't dump on you - they did. I didn't hype XC then dump it like a hot patatoe while moving the exciting ideas to another project in order to raise more money, they did. I was the one warning you three months ago. |
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jibble
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October 30, 2014, 04:39:22 PM |
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To say XC is going down because of the overall market is just wrong. If that was the case XC would still be in the top 15 with all coins declining in a similar way. But, XC is now sitting close to number 30 on the coinmarket cap list. It's obvious that something is wrong with XC, specifically. Sorry, that's just the way it is. I was lucky that I saw this coming and sold out above 110k.
No it's not wrong just not all of the picture, You have to include the current market climate into anything like this. Yes large holders are exiting, Yes it has a very poor market depth and volume, so yes it is going to fall more than coins that are in a similar market position, which leads to a further drop. Also the constant FUD and scam threads adds to the overall downward trend. Saying the coin is dead is equally ignorant considering almost all coins have "died" when development has completely ceased or devs have run away |
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holyprofit
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October 30, 2014, 04:40:49 PM |
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Let's see ... UnicornFarts, rjskjdndl, PaidFudder ... it's a royal flush of fudders !
Meanwhile your lord and savior synechist is posting in the blocknet and not showing his face in here o.O Get a grip man. Yeah but the questions why do you keep posting here? Thanks for your concern my man. |
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JakeThePanda
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October 30, 2014, 04:41:09 PM |
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Saying the coin is dead is equally ignorant considering almost all coins have "died" when development has completely ceased or devs have run away
Not sure if you are referring to me, but I don't recall saying XC is dead.  |
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Artoodeetoo
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October 30, 2014, 04:42:11 PM |
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XC Premine was discovered to be gone and admitted to by the team. I think we found out who was selling off on good news time after time....The XC Team selling the premine. So nobody was tracking the premine address until recently? Premine addy watch 24/7 is a standard for any and every alt launched with a premine. If this is true this is awful... I dumped my stack between 120k and 140k, every last one... You may have noted I have been quiet here.. I was not posting at all while I was selling so please don't think I was doing anything to suck people in... I am not going into the reasons and I had no idea the above was going on but there were things I was not happy about, I did not want to come on here and post / moan about it so decided to move a fair bit to BTC and then FIAT and the rest ive been slowly sipping DRK.... I really hope the premine stuff is not true as that would not sit well with XC as I thought - even if the direction was not quite going where I wanted, it was uber ethical, so give them the benefit of the doubt here... "IF" they have done the above, the coin is dead though.. Period, end of.... Crypto is bad across the board though.... I see it as classic buy low, sell high later.. A lot of the sellers now will be buy high, sell low.... You just need to have balls and pick the best projects that you can believe in.. I think I have done that.... Watching with interest here, have thought about getting back in with some at various points but up until now I have not pulled the trigger... Good luck guys, reading and watching here with ineterest... |
DASH #DashDC #DashIntoDigitalCash
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