[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[Conurtrol]

A code review (with an NDA if necessary) by an expert would really hit the spot right now.

[ib88]

Been holding XC for a long long time and will continue to do so. Honestly I would rather lose 100% of my investment rather than cut my losses now. What might inspire some investor confidence is if you guys could put some sort of timeline together for upcoming milestones. This is the case for Blocknet where you've laid out a plan for Q4 2014, Q1 and Q2 2015. Why can't we do the same for XC?

Synechist, you often claim that nothing has been delayed because no commitments to dates have been made. Three months down the line, for example, people could be saying 'where's rev 3??' and you'll still be saying there are no delays as nothing was promised. This could go on indefinitely. This sort of rhetoric doesn't inspire much confidence at all.

When will rev 3 be released? Q4 2014? Q1 2015? Q2 2015??

[holyprofit]

are there any plans how to handle this hard price drop?

Maybe the XC team should think about open sourcing the code as the marketcap of XC seems to adopt the price of the other blocknet coins.
I think investors loose trust in this closed coin. At least an open discussion should be started what the majority of the investors think.
Opensourcing darkcoin didn't lead to a price drop for DRK and to no copy&paste clones at least none that I am aware of.

I stated this before that i don't think it's a good idea to join forces with coins that had a that small marketcap but as it seems soon we
will have an equal marketcap which is the worst thing that could have happend. We lost more than 20% just for today ...

I see no reason for XC to take on a marketcap of other Blocknet coins.

Its superior tech has supported its price, and joining the Blocknet does not diminish its value. On the contrary, it enhances its value and will only make XC's leadership more visible as users get to try out XC's services in comparison to others.

So what could be causing the drop?

My guess is that this is a temporary phenomenon caused by the inability to sell XC for BLOCK. After the Blocknet ITO is done (and possibly gets pumped) there's reason to believe that coins will flow back into participating currencies and XC's price will rise somewhat.

Hum .. I agree - people see block and XC as the same investment so they are trading in some of their XC for block - now the XC blocks are all used up. Roll on Nov 5th.

[jibble]

are there any plans how to handle this hard price drop?

Maybe the XC team should think about open sourcing the code as the marketcap of XC seems to adopt the price of the other blocknet coins.
I think investors loose trust in this closed coin. At least an open discussion should be started what the majority of the investors think.
Opensourcing darkcoin didn't lead to a price drop for DRK and to no copy&paste clones at least none that I am aware of.

I stated this before that i don't think it's a good idea to join forces with coins that had a that small marketcap but as it seems soon we
will have an equal marketcap which is the worst thing that could have happend. We lost more than 20% just for today ...

I see no reason for XC to take on a marketcap of other Blocknet coins.

Its superior tech has supported its price, and joining the Blocknet does not diminish its value. On the contrary, it enhances its value and will only make XC's leadership more visible as users get to try out XC's services in comparison to others.

So what could be causing the drop?

My guess is that this is a temporary phenomenon caused by the inability to sell XC for BLOCK. After the Blocknet ITO is done (and possibly gets pumped) there's reason to believe that coins will flow back into participating currencies and XC's price will rise somewhat.

the ITO began some days ago but XC is bleeding since weeks. I don't think that the ITO is repsonsible for the drop, the price is bleeding because of a lack of investors and I think the closed source code is one reason why a lot of people wouldn't buy into this coin at least when i compare how other "anonymous" centered coins like BTCD,DRK and others perfrom all of them have a much higher marketcap than XC

In two weeks XC lost more than 60% of it's value

That logic is completely broken

Bitcoindark has lost even more value than XC has over the last 90 days. They also are building supernet. (maybe not as much now after this anal hemorrhage of a dump again)

Darkcoin was at its highest value and was worth about 10 times more than all anon coins put together, when they were still closed source.........they were worth more closed source . so saying people are not liking closed source projects , when almost every single anon coin, open and closed source has seen a decrease in value of almost 50% over the last few months. some with huge projects in hand . The market for almost every single coin looks the same, like 90% of coins have a very distinctive downtrend with a loss of value of about 50% or more in the last 3 months. Trying to come up with specific reasons for single coins going down when all are showing similar signs is completely useless .

[Crypto-in-tha-blood]

Well maybe this is what the early BTC-ers felt like.  That's one way to look at it.  

I'm so deep in the hole, that I won't be selling, and will continue to ride this out.  On most other coins I would have already bailed, but XC is something special and I do think this will one day turn around.

just think of the people that bought into BTC when it was at its peak a year and half ago. They lost millions.

Hodl for the ride in either direction I guess

Edit: I need to be like these guys that leave their wallets on their computers for a year or two and then come back.  Problem is....I'm addicted to crypto and can't walk away.

[ib88]

are there any plans how to handle this hard price drop?

Maybe the XC team should think about open sourcing the code as the marketcap of XC seems to adopt the price of the other blocknet coins.
I think investors loose trust in this closed coin. At least an open discussion should be started what the majority of the investors think.
Opensourcing darkcoin didn't lead to a price drop for DRK and to no copy&paste clones at least none that I am aware of.

I stated this before that i don't think it's a good idea to join forces with coins that had a that small marketcap but as it seems soon we
will have an equal marketcap which is the worst thing that could have happend. We lost more than 20% just for today ...

I see no reason for XC to take on a marketcap of other Blocknet coins.

Its superior tech has supported its price, and joining the Blocknet does not diminish its value. On the contrary, it enhances its value and will only make XC's leadership more visible as users get to try out XC's services in comparison to others.

So what could be causing the drop?

My guess is that this is a temporary phenomenon caused by the inability to sell XC for BLOCK. After the Blocknet ITO is done (and possibly gets pumped) there's reason to believe that coins will flow back into participating currencies and XC's price will rise somewhat.

the ITO began some days ago but XC is bleeding since weeks. I don't think that the ITO is repsonsible for the drop, the price is bleeding because of a lack of investors and I think the closed source code is one reason why a lot of people wouldn't buy into this coin at least when i compare how other "anonymous" centered coins like BTCD,DRK and others perfrom all of them have a much higher marketcap than XC

In two weeks XC lost more than 60% of it's value

That logic is completely broken

Bitcoindark has lost even more value than XC has over the last 90 days. They also are building supernet.

Darkcoin was at its highest value and was worth about 10 times more than all anon coins put together, when they were still closed source.........they were worth more closed source . so saying people are not liking closed source projects , when almost every single anon coin, open and closed source has seen a decrease in value of almost 50% over the last few months. some with huge projects in hand . The market for almost every single coin looks the same, like 90% of coins have a very distinctive downtrend with a loss of value of about 50% or more in the last 3 months. Trying to come up with specific reasons for single coins going down when all are showing similar signs is completely useless .

Good post. I think it pretty much comes down to Bitcoins drop in value, it's as simple as that. I could certainly do with this bitcoin 'bubble' that everyone keeps going on about happening in the near future.

[metagnosis]

its always funny to me when investors become more dogmatic about the coin then the dev team.
clearly the insiders are selling XC without respect for any technical levels.  They have all been broken.  
Next stop is 20k and people are still willing to hold ??  very masochistic behavior.  
67k was the last solid support level.  
the fact that why would hype up the blocknet only to sell off XC reveals that they are less sophisticated than we have been led to believe.  

[holyprofit]

Well maybe this is what the early BTC-ers felt like.  That's one way to look at it.  

We haven't crashed since 2.15 - hey moon!!

One question - do any of these coins ever go up?? I was just wondering - someone told me
the price rose once of some coin they had bought - I just hope I can avoid that because I'm really in this to lose as much as possible
as fast as I can and so far it's working out perfectly for me.

[Crypto-in-tha-blood]

Well maybe this is what the early BTC-ers felt like.  That's one way to look at it.  

We haven't crashed since 2.15 - hey moon!!

One question - do any of these coins ever go up?? I was just wondering - someone told me
the price rose once of some coin they had bought - I just hope I can avoid that because I'm really in this to lose as much as possible
as fast as I can and so far it's working out perfectly for me.

It's all about hitting the superfecta in crypto.

[UnicornFarts]

Darkcoin was at its highest value and was worth about 10 times more than all anon coins put together, when they were still closed source.........they were worth more closed source . so saying people are not liking closed source projects , when almost every single anon coin, open and closed source has seen a decrease in value of almost 50% over the last few months. some with huge projects in hand . The market for almost every single coin looks the same, like 90% of coins have a very distinctive downtrend with a loss of value of about 50% or more in the last 3 months. Trying to come up with specific reasons for single coins going down when all are showing similar signs is completely useless .

Darkcoin was first to market.  Darkcoin created a new algorithm other coins used.  

The only room for XC in this market with several anon coins above them is if their tech truly is better than everyone else's and there is no way to know that without open sourcing.  Since dark had no legitimate open source competition it didn't matter for them at the time.

The anon fad is over - looks like it's move to turing complete and IPO's of ideas that are supposed to make people money (blocknet, supernet).

PS: Arlyn, listen to me carefully: YOU HAVE TO NAZI MODERATE THREAD. Let me explain:

If you leave the topic be in good faith, and let all those FUDers just post just for the sake of transparency and all, what are you going to end up with? A poor thread full of sh*t, people reading the FUD and misnterpreting the truth. Like you already know, "repeat a lie a thousand times and it will eventually become the truth". So, thread full of FUD, full of unnecessary extra pages, denying people the real info about the XC coin/tech/platform, and thus people just dumping to overall bad community experience or plain lies.


Now, if you do moderate the thread, what you got? FUDers will have to create more shit topics(who get lost inside the inevitable crypto btctalk jungle), and people might dump because they fear moderated threads, BUT you got a nice CLEAN topic, where investors/traders can ask legit questions and get answers, not having to dig through the piles of sh*t. Plus, long term holders/investors like me, can accumulate XC at this lower price, and LET THE TECH SPEAK FOR ITSELF AFTER REV 3.

If the team will not listen to my reasoning, I will seriously spam the topic with this very exact reply till you have to moderate me!!!  Roll Eyes

Look at the main forum.  THAT is what a nazi moderated thread gets you.  Do you think new users come to the ANN section or just look at the first page in the altcoin forum?  I disagree with your strategy. 

[jibble]

Darkcoin was at its highest value and was worth about 10 times more than all anon coins put together, when they were still closed source.........they were worth more closed source . so saying people are not liking closed source projects , when almost every single anon coin, open and closed source has seen a decrease in value of almost 50% over the last few months. some with huge projects in hand . The market for almost every single coin looks the same, like 90% of coins have a very distinctive downtrend with a loss of value of about 50% or more in the last 3 months. Trying to come up with specific reasons for single coins going down when all are showing similar signs is completely useless .

Darkcoin was first to market.  Darkcoin created a new algorithm other coins used. 

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

[PaidFudder]

did they take off a lot of premine or not .... ?
this question was already deleted 3 times  

[UnicornFarts]

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.

[G-Bert]

This is sickening to watch.  I was buying like crazy at 100k thinking that was the bottom.  Boy was I wrong.

I have that same feeling in my stomach. 

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.

[UnicornFarts]

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.

[Ryse]

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.

[UnicornFarts]

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)

[the_game1224]

What a lovely day.....

[jibble]

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

 

[btcney]

what happened?