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the_game1224
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June 05, 2014, 02:00:31 AM |
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There's too much selling and not enough buying momentum. :/ When will this descent stop?
I thought the big rebound earlier was the end of it but now unfortunately I think it is destined for .001 |
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BrewCrewFan
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June 05, 2014, 02:02:06 AM |
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Im out see you at .0010
Cheers fellow. May we all emerge with more XC than we started with. I just tansfered to wallet get some PoS. I cant handle watching this knowing the account balance lol. If there was a way to turn that off I would be much better. So to get rid of the urge of panic, got em out of there... I got some BTC coming in not much , but set some buys a little lower and see what happens but for now its staking. Hah. Pragmatic move there. Well I look at it this way, I am not greedy and I made enough to make my happy. I dont look so much as this as a "get rich quick" thing more so as a hobby. As long as I get some green, and enough to pay off the power bill each month I am happy to get a few hundred extra a month. So far this coin has returned that and then some for me. It all keeps the wife quite as she sees me re investing 30% back into mining equipment. Worse case this tests the waters for now. It might actually spur a buying frenzy. |
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CrymsonCoin16
Member
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Activity: 61
Merit: 10
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June 05, 2014, 02:05:22 AM |
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There's too much selling and not enough buying momentum. :/ When will this descent stop?
I thought the big rebound earlier was the end of it but now unfortunately I think it is destined for .001 Yeah I think people do want the coin but they want to buy it at decreasingly lower prices for anticipated whale dumps. The order depth is incredibly lopsided |
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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June 05, 2014, 02:08:41 AM |
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Im out see you at .0010
Cheers fellow. May we all emerge with more XC than we started with. I just tansfered to wallet get some PoS. I cant handle watching this knowing the account balance lol. If there was a way to turn that off I would be much better. So to get rid of the urge of panic, got em out of there... I got some BTC coming in not much , but set some buys a little lower and see what happens but for now its staking. Hah. Pragmatic move there. Well I look at it this way, I am not greedy and I made enough to make my happy. I dont look so much as this as a "get rich quick" thing more so as a hobby. As long as I get some green, and enough to pay off the power bill each month I am happy to get a few hundred extra a month. So far this coin has returned that and then some for me. It all keeps the wife quite as she sees me re investing 30% back into mining equipment. Worse case this tests the waters for now. It might actually spur a buying frenzy. That's a good position to be in. Nice and relaxed. It'll certainly help with the panic in situations like this one. There'll probably be a rebound to at least a 50% Fib retracement after it touches 0.001. That'll be 0.00136 or something. Nice quick ~30% profit for those who are up for it. Just make sure you don't buy at 0.001 to have it head down to 0.00075. Ha ha. |
Co-Founder, the Blocknet
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PhattyBanks
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June 05, 2014, 02:22:48 AM |
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I was gonna buy some but hardly any bounce off that last dump
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hanvude2424
Newbie
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Activity: 43
Merit: 0
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June 05, 2014, 02:29:54 AM |
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Although i hold all my XC during dumping period but i lost half of my asset within 2 day . What wrong with XC  ?? |
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nanoprobe
Legendary
Offline
Activity: 980
Merit: 1000
Traveling in subspace
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June 05, 2014, 02:31:44 AM |
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I'm currently running wallet 9.1.33. Now I see there are 2 more updated ones. Is it mandatory to update to 9.1.35?
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You'll never know what you're living for until you know what you're willing to die for.
Never look back, something might be gaining on you.
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BrewCrewFan
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June 05, 2014, 02:35:12 AM |
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I was gonna buy some but hardly any bounce off that last dump
Its not over look at the chunks being sold. |
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JakeThePanda
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June 05, 2014, 02:40:38 AM |
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Im out see you at .0010
There will be casualties. I'm staying to fight. I'll see you on the other side. |
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Slaxt
Sr. Member
Offline
Activity: 476
Merit: 250
Gone......
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June 05, 2014, 02:40:55 AM |
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TC is the worse thing to happen to default, needs to open his eyes and not jump to conclusions, not everyone lies!!! Anyway as promised I have left, pass word changed to long random which I will forget like that plonker who ruined a perfectly fine account.
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ballzdeep
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June 05, 2014, 02:43:05 AM |
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Is there plans for an update to adress the block times ?
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Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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solid12345
Legendary
Offline
Activity: 1246
Merit: 1000
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June 05, 2014, 02:44:43 AM |
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The Dark community is like the Lannisters, used all the dirty tactics in the book to smash XC/The Starks-- but there is hope, Daenerys Tar-vericoin can come and show Dark who is boss!
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mikemikemike
Copper Member
Full Member
Offline
Activity: 224
Merit: 100
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June 05, 2014, 02:45:13 AM |
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This slow crash is scary. Usually crashes that recover are allot faster. Slow crashes usually end very very badly with very little recovery.
I'm just hoping this is down to newbies falling into bull trap after bull trap rather than anything else. All this hope for a recovery might be futile, if we continue crashing slowly any recovery will just result in us crashing down again. I know this sound crazy, but without a major dump even if we don't break through 0.001 today, we could quite easily in the next few days and continue to fall.
I'm crossing my fingers I'm wrong.
Kinda wish I didn't go swimming now, someone ate up all the buy orders I was eyeing up.
Well. 65k left. Looks like I'm going down with the ship
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DRobert
Member
Offline
Activity: 98
Merit: 10
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June 05, 2014, 02:48:51 AM |
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It seems XC has bottomed out.
- People most likely sold in anticipation of a further drop, thereby bringing price to where it is now. Now no one is either buying or selling. 124,000 satoshi is bottom price and 119,000 is buy price. Yet no trades are being made. Almost none. At least on Poloniex.
This means to me that everyone is hoping to buy back in at 100,000 satoshi. I expect a panic buy to happen soon actually. Price should at least go back to 150,000 satoshi soon and maybe even back to 200,000 satoshi.
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jly77
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June 05, 2014, 02:50:10 AM |
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This slow crash is scary. Usually crashes that recover are allot faster. Slow crashes usually end very very badly with very little recovery.
I'm just hoping this is down to newbies falling into bull trap after bull trap rather than anything else. All this hope for a recovery might be futile, if we continue crashing slowly any recovery will just result in us crashing down again. I know this sound crazy, but without a major dump even if we don't break through 0.001 today, we could quite easily in the next few days and continue to fall.
I'm crossing my fingers I'm wrong.
Kinda wish I didn't go swimming now, someone ate up all the buy orders I was eyeing up.
Well. 65k left. Looks like I'm going down with the ship
hmmmm........  |
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mikemikemike
Copper Member
Full Member
Offline
Activity: 224
Merit: 100
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June 05, 2014, 02:50:48 AM |
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It seems XC has bottomed out.
- People most likely sold in anticipation of a further drop, thereby bringing price to where it is now. Now no one is either buying or selling. 124,000 satoshi is bottom price and 119,000 is buy price. Yet no trades are being made. Almost none. At least on Poloniex.
This means to me that everyone is hoping to buy back in at 100,000 satoshi. I expect a panic buy to happen soon actually. Price should at least go back to 150,000 satoshi soon and maybe even back to 200,000 satoshi.
This is a bull trap. Its happened quite a few time today already, give it a couple of hours. |
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synechist
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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June 05, 2014, 02:51:42 AM |
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This slow crash is scary. Usually crashes that recover are allot faster. Slow crashes usually end very very badly with very little recovery.
I'm just hoping this is down to newbies falling into bull trap after bull trap rather than anything else. All this hope for a recovery might be futile, if we continue crashing slowly any recovery will just result in us crashing down again. I know this sound crazy, but without a major dump even if we don't break through 0.001 today, we could quite easily in the next few days and continue to fall.
Kinda wish I didn't go swimming now, someone ate up all the buy orders I was eyeing up.
Well. 65k left. Looks like I'm going down with the ship
Sorry to hear it. I wonder if there are any tricks to encourage a fast crash... |
Co-Founder, the Blocknet
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DRobert
Member
Offline
Activity: 98
Merit: 10
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June 05, 2014, 02:53:58 AM |
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Don't be greedy guys. Better to buy in at this cheap price now than risk it going up suddenly to 130,000 satoshi or higher. Then you'll be kicking yourself. It doesn't take much for a guy like me to move the market back up to 150,000 satoshi or down to 100,000 satoshi due to so many low btc amounts on the trade book.
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dadon
Legendary
Offline
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
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June 05, 2014, 02:54:26 AM |
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i bought in at 500 like 3 weeks ago it's still in the 100k and every one is saying XC is dying? give me a break, you really believe a coin with as much going for it as this is just going to die...i don't think so
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mikemikemike
Copper Member
Full Member
Offline
Activity: 224
Merit: 100
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June 05, 2014, 02:55:29 AM |
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This slow crash is scary. Usually crashes that recover are allot faster. Slow crashes usually end very very badly with very little recovery.
I'm just hoping this is down to newbies falling into bull trap after bull trap rather than anything else. All this hope for a recovery might be futile, if we continue crashing slowly any recovery will just result in us crashing down again. I know this sound crazy, but without a major dump even if we don't break through 0.001 today, we could quite easily in the next few days and continue to fall.
Kinda wish I didn't go swimming now, someone ate up all the buy orders I was eyeing up.
Well. 65k left. Looks like I'm going down with the ship
Sorry to hear it. I wonder if there are any tricks to encourage a fast crash... Well, I could take all the orders down to around 0.0011 in small stages, but the risk/reward for me then is far to low. Waiting it out for better signals. Got my buy orders in anyways their just not as large as I would have hoped. Would rather make a small profit than a huge loss. Lets see what happens. I think we've still got another couple of hours of this if it continues the way it's going. |
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