elrippo
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April 27, 2016, 06:03:34 AM |
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Looking at the XMRBTC charts on a 3D basis ... the recent underperformance seemed to mirror that of 2Q2015. It almost looks like a double top with unbreakable resistance at 0.0042.
Accordingly, the posting velocity in this thread has dropped considerably. Perhaps they have went to chase the pot of gold at the end of the bitcoin rainbow (second rainbow? double rainbow?).
There are too few long-term holders in XMR. Not enough of the new emission is being absorbed by this group.
XMR right now is akin to a share counter with too much free float and insufficient "fundamentally-oriented institutional investors", and it shows in the "share price".
XMRUSD is down to about $0.88 as we speak.
Is that a DOUBLE RAINBOW? DUUUUUUUUUUUUUUDE! Well, I'm holding come what may. What was once healthy unrealized gain is now unrealized loss. C'est la vie, c'est la guerre. Never invest in crypto anything you can't afford to lose, I say! You just have to get out above the initial investment, let time go by and by in lower, nothing to chear about massively, common figures mate
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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sanadas
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April 27, 2016, 11:17:15 AM |
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The price of Monero has risen less than Ethereum in the past few months, but it has dropped faster. Why is that?
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TheKoziTwo
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Activity: 1552
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April 27, 2016, 11:47:04 AM |
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The price of Monero has risen less than Ethereum in the past few months, but it has dropped faster. Why is that?
Many don't feel comfortable with command-line so they just keep the funds on the exchange. Having funds so easily accessible, just one click away, makes it a lot more tempting to sell. Multiply that effect with a lot of people and it can explain why there's so many dumps and big price drops as everyone starts impulse selling at the same time, and even buyers are left with XMR on the exchange that they may use to dump price further down in a moment of uncertainty. Bitcoin on the other hand is easy to store off the exchange which makes it less likely that people will impulse buy. So we have a cycle of slow and steady price increase, and once momentum is gone a violent fast crash. This is just a theory, and is probably just a part of the reason. Other reasons could include whales dumping to break support levels and acquire more, shorters profiting from falling prices etc. The liquidity for XMR while still good, is significantly less than ETH so it's easier to drive the price in any direction. Traders will take advantage of that.
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r0ach
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April 27, 2016, 11:49:48 AM |
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Never invest in crypto anything you can't afford to lose, I say!
What about banks that are by definition bankrupt at all times and the second any big debts are defaultd on, creates cascading deflationary collapse and you lose everything?
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TPTB_need_war
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April 27, 2016, 11:54:28 AM |
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The price of Monero has risen less than Ethereum in the past few months, but it has dropped faster. Why is that?
Because: https://bitcointalk.org/index.php?topic=1413819.msg14678171#msg14678171I've been warning everyone here for the past months, that CC will be very volatile until 2017. Monero is a long-term HODL that you accumulate on the dips for now. It is not a get rich quick altcoin.
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rangedriver
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April 27, 2016, 12:51:27 PM |
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DASH was just added to BTC-e. Pretty disappointing. It is a little bit disappointing, particularly as it's an entry into Chinese markets. But really I don't see it any more disappointing than the situation concerning the current Facebook generation or the Western media curtain. As the revolution revolves so too do a myriad of concurrently evolving challenges and omnipotent antagonists. At the end of the day, you can take a horse to water but you can't make it drink.
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rdnkjdi
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April 27, 2016, 01:00:25 PM |
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DASH was just added to BTC-e. Pretty disappointing. Well that sucks. BTC-e is the perfect marketplace for the bitcoin alternative (which XMR needs to become).
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primer-
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Activity: 1092
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April 27, 2016, 01:01:16 PM |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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April 27, 2016, 01:10:52 PM |
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DASH was just added to BTC-e. Pretty disappointing. It is a little bit disappointing, particularly as it's an entry into Chinese markets. But really I don't see it any more disappointing than the situation concerning the current Facebook generation or the Western media curtain. As the revolution revolves so too do a myriad of concurrently evolving challenges and omnipotent antagonists. At the end of the day, you can take a horse to water but you can't make it drink. If get 1 monero every time i read Dash in this "[XMR] Monero Speculation", ill be monero whale EDIT ::: If get 1 dash every time i read Dash in this "[XMR] Monero Speculation", ill get a masternode LOLL
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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noobtrader
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Activity: 1456
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April 27, 2016, 01:14:22 PM |
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The price of Monero has risen less than Ethereum in the past few months, but it has dropped faster. Why is that?
Because: https://bitcointalk.org/index.php?topic=1413819.msg14678171#msg14678171I've been warning everyone here for the past months, that CC will be very volatile until 2017. Monero is a long-term HODL that you accumulate on the dips for now. It is not a get rich quick altcoin. "... The reality is community takeovers are garbage. The problem is they are taking over something that is always a scamcoin on one level or another. They have no motivation but cashing out and profit"
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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spatula
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April 27, 2016, 01:15:35 PM |
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DASH was just added to BTC-e. Pretty disappointing. Well that sucks. BTC-e is the perfect marketplace for the bitcoin alternative (which XMR needs to become). It doesn't suck. Monero has done a pretty decent job riding on the coat-tails of DASH. If DASH continues to succeed at this rate, Monero has a good chance to hitch a ride when people diversify into riskier assets. However, I still think XMR is overvalued at its current price. I (and I'm sure many others) will be happy to buy back in at a much lower price. Heck, even the XMR believers in this thread are saying things like "I don't need to buy more at this price"
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rangedriver
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April 27, 2016, 01:17:47 PM |
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Control+F says otherwise. Besides, a cursory glance indicates I didn't even use the word, so I don't know why you're quoting me.
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noobtrader
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April 27, 2016, 01:22:57 PM |
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Control+F says otherwise. Besides, a cursory glance indicates I didn't even use the word, so I don't know why you're quoting me. its obviously jk on my part being monero whale or owning masternode btw you were quoting the word, so its still OT as you were talking about Dash instead of XMR.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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rdnkjdi
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April 27, 2016, 01:26:10 PM |
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It doesn't suck. Monero has done a pretty decent job riding on the coat-tails of DASH. If DASH continues to succeed at this rate, Monero has a good chance to hitch a ride when people diversify into riskier assets.
*eyeroll* Time will tell. <$1 and I'm a buyer with whatever I mine. > $1 I'm a hodler. > $2 I'm a seller. I'm pretty convinced the coming few years will show that Bitcoin's trajectory is not the one to follow in ASIC centralization and blocksize. Being tied to bitcoin's coat tails at that point will be a net negative. Even if you've changed the thing that's crippled it - it will be like inheriting the PoW from another coin. People will naturally move somewhere else (Ethereum, Monero, etc)
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Barney
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RevolverCoin dev
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April 27, 2016, 02:01:26 PM |
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However, I still think XMR is overvalued at its current price. I (and I'm sure many others) will be happy to buy back in at a much lower price. Heck, even the XMR believers in this thread are saying things like "I don't need to buy more at this price"
Yeah. Suddenly all "thx for cheap coins", "last change to buy cheap", "soon DASH\ETH\etc mcap will be consumed by XMR" guys are gone. It is so fun to watch this over and over again
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noobtrader
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April 27, 2016, 02:04:42 PM |
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It doesn't suck. Monero has done a pretty decent job riding on the coat-tails of DASH. If DASH continues to succeed at this rate, Monero has a good chance to hitch a ride when people diversify into riskier assets.
*eyeroll* Time will tell. <$1 and I'm a buyer with whatever I mine. > $1 I'm a hodler. > $2 I'm a seller. I'm pretty convinced the coming few years will show that Bitcoin's trajectory is not the one to follow in ASIC centralization and blocksize. Being tied to bitcoin's coat tails at that point will be a net negative. Even if you've changed the thing that's crippled it - it will be like inheriting the PoW from another coin. People will naturally move somewhere else (Ethereum, Monero, etc) pls explain to me why monero is asic resistant im all ear...
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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rdnkjdi
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Activity: 1256
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April 27, 2016, 02:06:45 PM |
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However, I still think XMR is overvalued at its current price. I (and I'm sure many others) will be happy to buy back in at a much lower price. Heck, even the XMR believers in this thread are saying things like "I don't need to buy more at this price"
Yeah. Suddenly all "thx for cheap coins", "last change to buy cheap", "soon DASH\ETH\etc mcap will be consumed by XMR" guys are gone. It is so fun to watch this over and over again Hmhmmmm ... I'm not gone. Dash will be consumed by XMR. Actually DASH will be consumed by the fact that it's offering slick marketing gimmicks and over engineered solutions with what should be left to math (mostly in order to artificially tie up supply and push the market cap up). Anything less than $1 and I'm buying (although I suspect even $1 - $2 is a good deal depending on what happens with Zcash ... which is the real factor here. Not Dash.) Nothing has changed in the last year. Dash is ahead because of the supply being artificially limited by cutting it in the early days and tying it up in the masternodes. Monero is cheap because of the glut of releasing so many coins to the market daily. When they daily emissions between XMR and Dash/Dark get even close to each other you'll see yourself munched - until then enjoy your spot
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illodin
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April 27, 2016, 02:09:26 PM |
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DASH was just added to BTC-e. Pretty disappointing. Well that sucks. BTC-e is the perfect marketplace for the bitcoin alternative (which XMR needs to become). At least Monero got on Azure.
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rdnkjdi
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April 27, 2016, 02:11:18 PM |
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DASH was just added to BTC-e. Pretty disappointing. Well that sucks. BTC-e is the perfect marketplace for the bitcoin alternative (which XMR needs to become). At least Monero got on Azure. Well that's odd & cool I guess. What exactly does it do? Is it for merchants to boot up on demand wallets without having to install them on a VM? Why would you need Microsoft hosting?
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Hueristic
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Doomed to see the future and unable to prevent it
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April 27, 2016, 02:56:16 PM |
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However, I still think XMR is overvalued at its current price. I (and I'm sure many others) will be happy to buy back in at a much lower price. Heck, even the XMR believers in this thread are saying things like "I don't need to buy more at this price"
Yeah. Suddenly all "thx for cheap coins", "last change to buy cheap", "soon DASH\ETH\etc mcap will be consumed by XMR" guys are gone. It is so fun to watch this over and over again LOL, yeah you notice that too? Barney wants to buy moar cheap coins. Damn I goto casino for a few days and all hell breaks loose. Shit missed opportunity yesterday. Looks like it nay be dead cat though. I think I'm getting bearish as well though. My prediction is 22-24 for the next few months. Time will tell.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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