megadeth
Sr. Member
 Offline
Activity: 289
Merit: 252
bagholder since 2013
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November 04, 2015, 03:00:35 AM |
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I've set some cheeky bids.
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bagholder since 2013
My sig space is not for sale.
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GingerAle
Legendary
Offline
Activity: 1260
Merit: 1008
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November 04, 2015, 03:36:26 AM |
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What the heck is goin' on with monero!?!?!?!
whats going on is we haven't seen 47 cents since a month ago! |
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owm123
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November 04, 2015, 03:47:52 AM |
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What the heck is goin' on with monero!?!?!?!
whats going on is we haven't seen 47 cents since a month ago! Now 50 cents. But the xmr/usd volume on polo is huge now. double that for litecoin. |
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ROT13
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November 04, 2015, 04:02:52 AM |
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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 They were all unavailable before this current rise in price. The others are indicative of a significant increase in trade volume |
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dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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November 04, 2015, 04:03:28 AM |
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I'm calling we've seen the bottom in BTC terms.
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owm123
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November 04, 2015, 04:12:33 AM |
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I'm calling we've seen the bottom in BTC terms.
Nah. If btc is going up, xmr price in btc will go down. But, at the same time, xmr price and volume in usd is considerably going up. I guess that this is because of new crypto users, trying to buy some "afortable" crypto currencies with a potential of growh. |
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kazuki49
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November 04, 2015, 07:59:29 AM |
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this speak volumes about the need for a live USD/XMR exchange  |
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Gillette
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November 04, 2015, 09:40:46 AM |
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Nice to see XMR finally taking off !!!
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kurious
Legendary
Offline
Activity: 2590
Merit: 1643
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November 04, 2015, 10:13:06 AM |
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Nice to see XMR finally taking off !!!
Yup - nice and steady at 50 cents and holding up better than many other alts. |
我想要火箭和火车
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dreamspark
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November 04, 2015, 10:21:25 AM |
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Nice to see XMR finally taking off !!!
Yup - nice and steady at 50 cents and holding up better than many other alts. If you think holding up is losing 50% of its value against btc , which lets face it, is how most people bought into XMR and how most people will likely cash out then I'm confused. imo holding a $ value is scant compensation while missing out on double gains. (inb4 everyone says that double gains is nothing when XMR is going to do 100x) Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant. There are so few people now holding XMR and in particular the ones holding the very large bags that aren't underwater right now. |
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illodin
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November 04, 2015, 10:38:48 AM |
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Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant.
I've gotten the impression it's a common belief that when BTC rally subsides the alts will bounce up hard as people will start looking other means to increase their wealth. |
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cryptonic21
Full Member
Offline
Activity: 168
Merit: 101
Physical Monero coins
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November 04, 2015, 10:44:13 AM |
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Nice to see XMR finally taking off !!!
Yup - nice and steady at 50 cents and holding up better than many other alts. If you think holding up is losing 50% of its value against btc , which lets face it, is how most people bought into XMR and how most people will likely cash out then I'm confused. imo holding a $ value is scant compensation while missing out on double gains. (inb4 everyone says that double gains is nothing when XMR is going to do 100x) Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant. There are so few people now holding XMR and in particular the ones holding the very large bags that aren't underwater right now. Deep underwater Monero space ship veiled as a submarine is carefully upgrading all its facilities and preparing warp drives for the launch directly into an open space. |
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dreamspark
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November 04, 2015, 11:03:22 AM |
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Sure it's an oppurtunity to buy more cheap but if there's anything this btc rally has shown is that alts in general are starting to become less and less relevant.
I've gotten the impression it's a common belief that when BTC rally subsides the alts will bounce up hard as people will start looking other means to increase their wealth. Common belief yeah but past performance is no indicator etc etc. Look at LTC, that's held its value. Also, when will BTC rally subside? $10k? That would make XMR 0.0000x ? I wouldn't like to be holding it down there and cheering about $ value conservation. |
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Bagatell
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November 04, 2015, 11:07:54 AM |
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imo holding a $ value is scant compensation while missing out on double gains.
If you see value in BTC terms that may be so. But the double gains you speak of are a short term phenomenon. Play the long game. |
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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November 04, 2015, 11:19:51 AM |
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I want some more Monero but dreading stepping through BTC to get there
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dreamspark
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November 04, 2015, 11:23:04 AM |
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imo holding a $ value is scant compensation while missing out on double gains.
If you see value in BTC terms that may be so. But the double gains you speak of are a short term phenomenon. Play the long game. Sure but while btc rallies if its so obvious alts slump until the end of the rally why would you hold them when you can by two or three times more of the alt later, before these mythical 100x+ gains. Dont forget the long game for most alts is having a high probability of failure. |
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medusa13
Sr. Member
Offline
Activity: 453
Merit: 500
hello world
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November 04, 2015, 11:23:46 AM |
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ask wall removed, he has too much fear now. there is no liquidity to close shorts.
could not see how many was left in the end, sure not much.
looks like we turn around soon. i can see us easily go above 1$
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XMR Monero
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Bagatell
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November 04, 2015, 11:29:57 AM |
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Dont forget the long game for most alts crypto is having a high probability of failure.
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obit33
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November 04, 2015, 11:53:14 AM |
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imo holding a $ value is scant compensation while missing out on double gains.
If you see value in BTC terms that may be so. But the double gains you speak of are a short term phenomenon. Play the long game. Sure but while btc rallies if its so obvious alts slump until the end of the rally why would you hold them when you can by two or three times more of the alt later, before these mythical 100x+ gains. Dont forget the long game for most alts is having a high probability of failure. I can see your point, but wouldn't dare to sell my alt-stash now to get into BTC... it's way too parabolic again, parabola always end in tears... If I buy BTC now, sure, it might double, but will I have the courage to sell at the top, or will I be to greedy? Will I wait till everybody wants to leave and the whole house collapses again to the USD300's... Just like Bitcoin before, I'm in Monero for the long game, I can see the great underlying value, although it's still very speculative... But I won't part from my monero's now, to buy into a new parabolic BTC-bubble... best regards |
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