[XMR] Monero Speculation

[explorer]

  

   It has to be something bigger than bittrex.  This looks more coordinated.

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[TheBeardedBaby]

Any ideas what is going on here? Soon breaking 130$,going further down. just wow. It will probably bounce soon as its not some random shitcoin to pump and dump..

Edit. Delisting, that's why.
https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21

[Biro Bob]

I came here to catch up. Can’t believe 0.0045 but I am not looking to sell. I just can’t predict the floor.

[phishead]

Buy fear, sell greed

[yefi]

Not sure.  Was the 20k Polo buy whale dumped into?  If so, that's pretty capitulatey...

It was indeed. And I am now 26.6k XMR richer.

This is the lowest btc ratio since 2016. I'm seeing a lot of comments these days about how "it's different this time". No, it's not different. The smart money knows this and is picking up altcoins now and going forward from people who believe such thing. There will be a new rally for altcoins once again and it will catch a lot of people by surprise.

Monero has had tremendous technological progression and adoption over the last few years. "but fundamentals". None of that matters here. The main reason for this price drop was obviously the bear market and bitcoins recovery, however, something unexpected occurred after breaking 0.01 and that was massive margin liquidations. People who believe so strongly in monero that they'd leveraged up beyond reason were sadly getting crushed. The price went far lower than they expected and they were forced to let their coins go at the worst possible time. I think we may be in, or entering capitulation at this stage.

When the price was far higher I estimated a "worst-case" target to be ~0.007. Therefore I started buying at ~0.01 and decided to go in quite significantly around these levels we are now. I don't try to time exact bottoms, that is a fool's game and impossible at the scale I operate on anyway. There is still a risk that a continued bitcoin rally could put further pressure on altcoins. But what we're seeing here is unprecedented and the upside is now far greater. So from a risk/reward perspective, while the price could drop fruther, I think betting on further downside now is a bet with very high risk of missing out. If I've learned anything from more than half a decade trading alts, it's that when the market turns, it turns quickly. If I'm not positioned by then, I won't have time to.

There is something different this time though. I've always been a bitcoin holder. That is, I hold majority of my funds in bitcoin, rarely going below 70%. Not this time. I have decided to follow my own altcoin prediction to the fullest and increase my altcoin share significantly. In fact, I am, as of today more than 80% in altcoins and ready to increase that further. Monero just became my second largest holding. I haven't owned this much monero since during the xmrbtc rally in 2016.

Exciting times ahead. Or horrible misery

I'm interested, you still holding?

[phishead]

I'm interested, you still holding?

I'm assuming he is buying.

[heraldd]

Other custodian exchanges will most probably delist XMR, just like what they did with XRP. Bisq looks to be the only true decentralized alternative at the moment but it relies on the average price on custodian exchanges with enough volume for the price determination.

How will the true price of XMR/BTC be discovered when XMR is delisted?

[explorer]

Other custodian exchanges will most probably delist XMR, just like what they did with XRP. Bisq looks to be the only true decentralized alternative at the moment but it relies on the average price on custodian exchanges with enough volume for the price determination.

How will the true price of XMR/BTC be discovered when XMR is delisted?

1:1 peg  would be acceptable.

[henkcryptotank]

Surely im not the only one, positive about this?
Bitcoin is doing what its supposed to do: going mainstream.
Monero is doing what its supposed to do: going underground.

Happy newyear every1

Greets Hank

[dEBRUYNE]

'Haven’t heard of anything on the regulatory side. Presumably, it’s something specific to their [Bittrex] business.' - Jesse Powell (Kraken CEO)

https://twitter.com/jespow/status/1345117102009536512

[Globb0]

Oh god it goes even lower.

I can never seem to make a right call on this one.


We were price parity with bsv yesterday (whatever that means) and number 8th coin in the list.

[BayAreaCoins]

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats. 

Bittrex is gambling that accepting fiat rather than crypto is more profitable.  This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

[Globb0]

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats. 

Bittrex is gambling that accepting fiat rather than crypto is more profitable.  This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

Then you will be left dealing with them in person on a case by case basis.

I don't thin they can lawfully withhold your stuff, but it wont be on the platform anymore.

[minhtra]

Pros are seeing better entry points for anonymous coins https://www.coingecko.com/en/coins/monero

[BayAreaCoins]

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats. 

Bittrex is gambling that accepting fiat rather than crypto is more profitable.  This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

Then you will be left dealing with them in person on a case by case basis.

I don't thin they can lawfully withhold your stuff, but it wont be on the platform anymore.

They steal the coins from my experience... I'm sure that's what is going to happen here.

[Millionero]

I lost one xmr to bittrex.  I opened an account, deposited the coin, and then wasn't able to withdraw that coin.  They don't warn you about the fact that they will accept your coins and then, AFTER you've deposited, tell you about further kyc requirements before you can withdraw.  I was never informed that kyc is required for withdrawals.
Lucky I only deposited one xmr.
Yeah, f**k bittrex.

[fabiorem]

Bittrex sucks. I stopped using them many months ago, because, while their fees over swing trades are small, their fees over transfers are huge, which is bad for those who wants to hold the coins.
I have been using Changelly now, which transfers between your own wallets. They dont have a book, so not a place for swing traders. I think we have a nice entry point for Monero here, and if you want to buy, now its the time.

[phishead]

Welp, I'm back to the old 2016 portfolio of all in on XMR... ready to take off anytime you guys are

[tokeweed]

 

   It has to be something bigger than bittrex.  This looks more coordinated.

Seems like it...

I wonder which exchange lead the dump.  Bittrex couldn't have lead it since it has only like 250k - 300k USD 24 hour volume for XMR.

[phishead]

   

   It has to be something bigger than bittrex.  This looks more coordinated.

Seems like it...

I wonder which exchange lead the dump.  Bittrex couldn't have lead it since it has only like 250k - 300k USD 24 hour volume for XMR.

I don't think it was any "exchange" that lead it... more than likely it was just a FUD dump across the board imo