|
cryptodromeda
|
 |
November 03, 2015, 07:37:01 PM |
|
 Looks like I picked the wrong week to quit sniffing glue. |
It's a kind of blindness that reason alone cannot cure.
|
|
|
|
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
jehst
|
|
November 03, 2015, 07:38:57 PM |
|
There is clearly a sentiment in the market that most alts should drop as Bitcoin rises and maintain (approximately) their fiat value. With the possible exception of LTC. That has been the prevailing market action for a month or more.
If history is a guide, major alts will follow a major Bitcoin surge in about 2 weeks. Just be patient and load up some more if you believe this is another big BTC rush. Yeah i agree. Although together with an infinite amount of spam, shitcoins, scams etc. I just noticed bitcoin spamming in an imageboard... If we are in bubble mode, then we're going to see a lot of dead alts come back to life. Dogecoin on twitter. This is probably what the Bytecoin guys have been waiting for for years. Bubble buyers won't sit down and study the history. They'll just start buying every shitcoin they see. Then the Bytecoin guys will finally just cash out and disappear. If they pull it off, I'll honestly have to take my hat off to them for running such an elaborate setup. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
|
|
|
dEBRUYNE
Legendary
 Offline
Activity: 2268
Merit: 1141
|
|
November 03, 2015, 08:03:34 PM |
|
I could be totally off, but it seems like someone is controlling the USD price of Monero.
|
|
|
|
|
Bagatell
|
|
November 03, 2015, 08:10:16 PM |
|
@dEBRUYNE Where are you getting your USD price?
|
|
|
|
|
|
|
Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
|
|
November 03, 2015, 08:47:56 PM |
|
This is probably what the Bytecoin guys have been waiting for for years. Bubble buyers won't sit down and study the history. They'll just start buying every shitcoin they see.
To me, Bytecoin can only mean one: BTE https://www.cryptsy.com/markets/view/BTE_BTC (1:1 copy of Bitcoin) |
|
|
|
smooth (OP)
Legendary
Offline
Activity: 2968
Merit: 1198
|
|
November 03, 2015, 09:08:16 PM |
|
There is clearly a sentiment in the market that most alts should drop as Bitcoin rises and maintain (approximately) their fiat value. With the possible exception of LTC. That has been the prevailing market action for a month or more.
If history is a guide, major alts will follow a major Bitcoin surge in about 2 weeks. Just be patient and load up some more if you believe this is another big BTC rush. Yeah i agree. Although together with an infinite amount of spam, shitcoins, scams etc. I just noticed bitcoin spamming in an imageboard... If we are in bubble mode, then we're going to see a lot of dead alts come back to life. Dogecoin on twitter. This is probably what the Bytecoin guys have been waiting for for years. Bubble buyers won't sit down and study the history. They'll just start buying every shitcoin they see. Then the Bytecoin guys will finally just cash out and disappear. If they pull it off, I'll honestly have to take my hat off to them for running such an elaborate setup. Notice how Bytecoin is largely immune from the selloff that has affected nearly every alt. More evidence that there is no fact no real market for it. Either that or Bytecoin is closer to Litecoin in its properties as an asset than it is to most other alts. I'll go with the former theory. |
|
|
|
|
|
Billy Bunter
|
|
November 03, 2015, 09:10:18 PM |
|
XMR not available on shapeshift right now? Anyone know what's going on there?
I tried to exchange Bitcoin for Monero last night and the transaction failed to go through. Another reddit user had the same problem. I'm still trying to get some response from their support. |
Baguette Holder.
|
|
|
smooth (OP)
Legendary
Offline
Activity: 2968
Merit: 1198
|
|
November 03, 2015, 09:16:56 PM |
|
I could be totally off, but it seems like someone is controlling the USD price of Monero.
It's not just XMR. So many alts are in the general neighborhood of -40% over the past 30 days which translates to constant USD price, and they have tracked BTC as it has rallied. People trading these alts seem to believe that they shouldn't participate in BTC's fiat price gains at this stage. Maybe it will need BTC's higher prices to be sustained and not turn out to be a short-lived bubble. The main exception as a subset seems to be the 'BTC-E alts' (LTC, NMC, PPC) which are down less (so up in fiat terms) |
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3808
Merit: 4891
Doomed to see the future and unable to prevent it
|
|
November 03, 2015, 09:20:21 PM |
|
I could be totally off, but it seems like someone is controlling the USD price of Monero.
It's not just XMR. So many alts are in the general neighborhood of -40% over the past 30 days which translates to constant USD price, and they have tracked BTC as it has rallied. People trading these alts seem to believe that they shouldn't participate in BTC's fiat price gains at this stage. Maybe it will need BTC's higher prices to be sustained and not turn out to be a short-lived bubble. The main exception as a subset seems to be the 'BTC-E alts' (LTC, NMC, PPC) which are down less (so up in fiat terms) Which is a great argument to get on BTC-E after this bubble. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
|
equipoise
|
|
November 03, 2015, 09:28:59 PM |
|
You could also monitor the weighted average Monero BTC, USD and EUR price here: http://moneroprice.i2p.xyz/. If you like it you could even send me a tip  |
|
|
|
|
XMRpromotions
|
|
November 03, 2015, 09:44:28 PM |
|
Actually I have received the same objection before, I just don't post most responses I receive. This email response (which I forwarded to fluffypony to ask for his feedback) I chose to post because it was from the CEO of a well known VPN who is obviously familiar with us (since PIA sponsors bitcointalk). I have been talking to many companies and not everyone cares about the GUI. The new db release will please a lot of people too. |
|
|
|
|
ROT13
|
|
November 03, 2015, 10:21:16 PM |
|
I could be totally off, but it seems like someone is controlling the USD price of Monero.
It's not just XMR. So many alts are in the general neighborhood of -40% over the past 30 days which translates to constant USD price, and they have tracked BTC as it has rallied. People trading these alts seem to believe that they shouldn't participate in BTC's fiat price gains at this stage. Maybe it will need BTC's higher prices to be sustained and not turn out to be a short-lived bubble. The main exception as a subset seems to be the 'BTC-E alts' (LTC, NMC, PPC) which are down less (so up in fiat terms) I think the fact that counterparty, nxt, monero and namecoin have all gone unavailable on shapeshift since the bitcoin price has skyrocketed is a good indication of an increase in price once the dust settles a little |
|
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
|
November 03, 2015, 10:55:21 PM |
|
I could be totally off, but it seems like someone is controlling the USD price of Monero.
It's not just XMR. So many alts are in the general neighborhood of -40% over the past 30 days which translates to constant USD price, and they have tracked BTC as it has rallied. People trading these alts seem to believe that they shouldn't participate in BTC's fiat price gains at this stage. Maybe it will need BTC's higher prices to be sustained and not turn out to be a short-lived bubble. The main exception as a subset seems to be the 'BTC-E alts' (LTC, NMC, PPC) which are down less (so up in fiat terms) I think the fact that counterparty, nxt, monero and namecoin have all gone unavailable on shapeshift since the bitcoin price has skyrocketed is a good indication of an increase in price once the dust settles a little Also unavailable are Gemz, Swarm, BitCrystals, Ripple, bitshares, and Stellar so whatever |
|
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
|
November 03, 2015, 11:37:02 PM |
|
About 30 min. ago there was a 9k+ Monero, 10+ btc buy quickly followed by a 15k+ Monero, 17+btc buy both @ ~110
|
|
|
|
|
dEBRUYNE
Legendary
Offline
Activity: 2268
Merit: 1141
|
|
November 03, 2015, 11:41:09 PM |
|
About 30 min. ago there was a 9k+ Monero, 10+ btc buy quickly followed by a 15k+ Monero, 17+btc buy both @ ~110
According to bitcoinwisdom, it was a buy of 27.2k Monero. At least that scare wall got bought. Perhaps we are able to somewhat stabilize now. That wall was pushing down aggressively the last few days. |
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
|
November 03, 2015, 11:53:31 PM |
|
About 30 min. ago there was a 9k+ Monero, 10+ btc buy quickly followed by a 15k+ Monero, 17+btc buy both @ ~110
According to bitcoinwisdom, it was a buy of 27.2k Monero. At least that scare wall got bought. Perhaps we are able to somewhat stabilize now. That wall was pushing down aggressively the last few days. Yeah bitcoinwisdom only shows the aggregate. I saw it on polo and they were 58 seconds apart. The first one actually was 2k bigger, I didn't add the smaller buys that were part of that buy, only mentioned the 9k individual sell order being bought. |
|
|
|
|
|
|
GingerAle
Legendary
Offline
Activity: 1260
Merit: 1008
|
|
November 04, 2015, 01:33:59 AM |
|
yeah, if u were holding any bitcoin, nows a great time to buy in.
Damn i wish i was holding some bitcoin.
|
|
|
|
dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
|
|
November 04, 2015, 02:55:12 AM |
|
yeah, if u were holding any bitcoin, nows a great time to buy in.
Damn i wish i was holding some bitcoin.
I was I only discovered XMR today and not bougt at 0.0021 on average. But what the hell. Go down with the ship or go to the moon and beyond. If anything, this will make me an even stronger hodler and probably won't sell for cheap. |
|
|
|
|
|
