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

[PaidFudder]

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.

XC TEAM IS NOT A BIT DIFFERENT THEN THE OTHER FUCKING SCAMMERS
exept they can actually code - better for a longterm scam

[mav137]

what happened? 

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

[12truth34]

what happened? 

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. 

[rdnkjdi]

what happened?  

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

[Ryse]

what happened? 

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.

[mav137]

Yeah this would be an eXCelent time for Dan to appear and shush the current panic to rest

[shanuu]

what happened? 

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?

[JakeThePanda]

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.

[holyprofit]

Let's see ... UnicornFarts, rjskjdndl, PaidFudder ... it's a royal flush of fudders !

[rdnkjdi]

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.

[jibble]

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

[holyprofit]

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.

[JakeThePanda]

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.

[Artoodeetoo]

what happened?  

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...

[wooder]

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.

But DRK started at the same level where XC started around 1mBTC. It's still 5mBTC and XC is currently at 0.5mBTC and XC never really had a hard peak. What happend to DRK is a correction but XC never had a big rise at least never longer than a few days. In the end DRK rised ~400% since it's 1mBTC level and XC dropped 50% since it's 1mBTC level.

[rdnkjdi]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

what happened? 

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?

Lol Arlyn\Synchillis admitted to it up thread with a "maybe we should have mentioned it ..."

They propped you up with good news to slowly bleed you as long as they could

[rdnkjdi]

Yeah but the questions why do you keep posting here? Thanks for your concern my man.

Because of the condescending way the devs/PR guys responded to my factual statements about one of their team members robbing hundreds in the litecoin community of millions of dollars on lies.

They defended him and told me I was crazy, had no proof, etc etc.  Then the XC community dropped in to tell me I deserved to lose the money because I was greedy.

Since then I've taken a keen interest in XC.  I've been warning of the BlockNET but told I'm simply a fudster, etc.  My posts are deleted even when they are on topic.  Even now Teka is deleting them but not posting here.

[Dungor]

So much blood in the streets you could go for a swim 

[BootstrapCoinDev]

what happened? 

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. 

was discovered by whom? Can anyone confirm this statement?

[rdnkjdi]

what happened? 

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. 

was discovered by whom? Can anyone confirm this statement?

https://bitcointalk.org/index.php?topic=630547.msg9379921#msg9379921