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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Johnny Mnemonic
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June 05, 2015, 06:37:49 PM |
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What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there. if you want to change that, we can do it with 3.5 BTC's worth of votes. https://coinomat.com/coinvoting.phpIf BTC were to tumble, it would be preferable to already have a fiat exchange mechanism in place. |
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TrueCryptonaire
Legendary
 Offline
Activity: 1092
Merit: 1000
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June 05, 2015, 07:31:04 PM |
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What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there. if you want to change that, we can do it with 3.5 BTC's worth of votes. https://coinomat.com/coinvoting.phpIf BTC were to tumble, it would be preferable to already have a fiat exchange mechanism in place. Basically BTC needs new ATH price. People who have bought their bitcoins during the bear market will be exhausted at some point and start dumping unless they do not get profit from their sales. Therefore 30 usd/btc is a possibility, despite I am saying it will happen. The more Monero attracts fiat hands, the less irrelevant the usd/btc pair is since the fiat hands are using btc only as a tool to purchase Moneros. Therefore it is interesting to examine the distribution of hands that are involved in Monero - are they more btc oriented or fiat oriented (or late adopters of btc). By the way, some of the long positions have been closed during today's pump but still relatively heavy long positions are there in the markets (from me). Hardly nobody is shorting. |
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lazi
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June 05, 2015, 07:32:42 PM |
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Very nice  Like it |
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TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
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June 05, 2015, 07:42:04 PM |
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Very nice Like it If Monero ever rises, say 1 XMR = 1 oz gold, I will buy a few ounces of gold and give a try to this company (assuming it will exist). |
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wpalczynski
Legendary
Offline
Activity: 1456
Merit: 1000
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June 05, 2015, 09:08:04 PM |
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If Monero ever rises, say 1 XMR = 1 oz gold, I will buy a few ounces of gold and give a try to this company (assuming it will exist).
And this belongs in the speculation thread why exactly? |
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medusa13
Sr. Member
Offline
Activity: 453
Merit: 500
hello world
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June 05, 2015, 09:43:39 PM |
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can anyone recommend another site than bitcoinwisdom? its just completely broken, i have to stop using it.
orderbook is broken for a long time. now the volume bars seem to be broken too.
just compare monero chart 30min with the 15min chart. there is a huge 60k volume candle that never happend on the 30min chart.
what else is broken? i wonder how many bad trades allready happend because of this
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XMR Monero
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aerbax
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June 05, 2015, 09:54:36 PM |
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can anyone recommend another site than bitcoinwisdom? its just completely broken, i have to stop using it.
orderbook is broken for a long time. now the volume bars seem to be broken too.
just compare monero chart 30min with the 15min chart. there is a huge 60k volume candle that never happend on the 30min chart.
what else is broken? i wonder how many bad trades allready happend because of this
Have you tried it in a different browser? I'm not seeing any issues in Firefox. The largest "candle" in either 30min or 15min is a 15.3k which happened about 5.5 hours ago. |
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medusa13
Sr. Member
Offline
Activity: 453
Merit: 500
hello world
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June 05, 2015, 10:18:32 PM |
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you are right, it is the browser..i am sorry this does not belong in this thread anyway.
thank you aerbax.
you can delete it smooth if you want
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XMR Monero
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DaveyJones
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June 05, 2015, 10:19:34 PM |
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i think i read that Dash has also a problem with bitcoinwisdom and that somehow changing to an US ip fixed sth... cant really tell did not read into detail
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g4q34g4qg47ww
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June 06, 2015, 01:23:35 AM
Last edit: June 06, 2015, 01:42:34 AM by g4q34g4qg47ww |
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I'm no pro and am fairly skeptical of TA in crypto other than in a psycho-somatic kind of way, but is this not a fairly strong bull signal?  Both the convergence of the shorter and longer term EMA lines, as well as having the 1 day candle finish completely above both. |
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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June 06, 2015, 06:06:14 AM |
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BTC needs new ATH price.
That won't happen until the GavinDrama is finished. Few will invest in a project whose leader is fighting a self-imposed war with its coders, engineers, and cryptographers. The Core and XT forks must duel until at least one of them is dead. It's like Thunderdome. Two chains enter, one chain leaves! At best.  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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hendra147
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June 06, 2015, 06:10:51 AM |
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I'm no pro and am fairly skeptical of TA in crypto other than in a psycho-somatic kind of way, but is this not a fairly strong bull signal? Both the convergence of the shorter and longer term EMA lines, as well as having the 1 day candle finish completely above both. awesome that profit :O if you sell in 0.026 buy back at 0.016 and sell it again in 0,026 |
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BlockchainBoss
Newbie
Offline
Activity: 26
Merit: 0
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June 06, 2015, 02:01:06 PM |
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WARZ on Polo keeps moving up his 100BTC buy wall. Was at .0022 earlier, now at .0023. Will take a fat finger sell or a series of dumps to move us down from here.
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medusa13
Sr. Member
Offline
Activity: 453
Merit: 500
hello world
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June 06, 2015, 05:12:51 PM |
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still a lot of coin on the sell side, who is selling all those coins?
anyway its ok, the liquidity is good right now for both sides. dump if you want or buy a big chunck.
no idea if we can attack 26-27 successfuly, looks like it would need an agressive push to break through
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XMR Monero
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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June 06, 2015, 05:14:12 PM |
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still a lot of coin on the sell side, who is selling all those coins?
anyway its ok, the liquidity is good right now for both sides. dump if you want or buy a big chunck.
no idea if we can attack 26-27 successfuly, looks like it would need an agressive push to break through
Or patience  |
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americanpegasus
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June 06, 2015, 05:30:36 PM |
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I think over the next 12 months we need to make a move to divorce the primary Monero rate from BTC/XMR to USD/XMR.
In time the goal is for Monero movements to be independent of bitcoin's, so we need to slowly adopt the mindset of Monero not being tied to Bitcoin price.
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Account is back under control of the real AmericanPegasus.
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jwinterm
Legendary
Offline
Activity: 3010
Merit: 1103
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June 06, 2015, 05:38:16 PM |
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I think over the next 12 months we need to make a move to divorce the primary Monero rate from BTC/XMR to USD/XMR.
In time the goal is for Monero movements to be independent of bitcoin's, so we need to slowly adopt the mindset of Monero not being tied to Bitcoin price.
Why USD, not euro or GBP or yuan or yen or...BTC? Why does it need to be tied to anything? |
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Hunyadi
Legendary
Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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June 06, 2015, 06:02:49 PM |
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WARZ on Polo keeps moving up his 100BTC buy wall. Was at .0022 earlier, now at .0023. Will take a fat finger sell or a series of dumps to move us down from here.
Hahhahah! that's crazy  |
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Mr Felt
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June 06, 2015, 06:56:09 PM |
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can anyone recommend another site than bitcoinwisdom? its just completely broken, i have to stop using it.
orderbook is broken for a long time. now the volume bars seem to be broken too.
just compare monero chart 30min with the 15min chart. there is a huge 60k volume candle that never happend on the 30min chart.
what else is broken? i wonder how many bad trades allready happend because of this
I use https://cryptrader.com for price tracking. Haven't tried using their trading api features. |
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