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coinism
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September 03, 2016, 06:31:43 AM |
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So, here's a question...
While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead". So, what happens to XMR when/if BTC decides to increase in price?
Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?
Or will XMR bring new money into BTC, even?
when the media writes about a hot new cc called MONERO, more private than BTC, people will invest in it simply because they know what happened to BTC. especially the ones who missed the BTC ride will bring new € into XMR in hopes that they'll make huge profit as long as there is media coverage. A scandal involving XMR or something at this point might draw attention. XMR is already in snowball mode. |
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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September 03, 2016, 06:35:27 AM |
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So, here's a question...
While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead". So, what happens to XMR when/if BTC decides to increase in price?
Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?
Or will XMR bring new money into BTC, even?
Definitely have to disagree with explorer on that one. There has always been a strong anti-correlation between the prices of btc and monero. Monero could still rise in a rising btc environment to be sure, but probably always less than it would have in a falling btc environment. We are competition with each other. When btc is boring and stagnating its capital flows into alts. When it rises people get excited and move some of their capital out of alts and back into bitcoin. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 06:36:34 AM |
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BAM! ATH again.
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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September 03, 2016, 06:39:02 AM |
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BAM! ATH again.
And now is the time that I am SO glad I didn't penny pinch. It was for exactly this reason. I could smell that explosion coming. I got in literally like 15 minutes before. You know how in scifi movies they always have a scene where the space ship is flying towards a closing hangar door and gets through as the last tiny bit of crack remains. That was me  |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 06:39:47 AM |
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So, here's a question...
While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead". So, what happens to XMR when/if BTC decides to increase in price?
Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?
Or will XMR bring new money into BTC, even?
Definitely have to disagree with explorer on that one. There has always been a strong anti-correlation between the prices of btc and monero. Monero could still rise in a rising btc environment to be sure, but probably always less than it would have in a falling btc environment. Perhaps. I used to firmly believe that BTC needed to succeed wildly for XMR to follow suit. To rely on the compounding effect. Now I'm not sure at all. Sitting here at 0.01979 BTC with an open USDXMR market and surely more to follow is eye opening. Snowball mode indeed! |
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tifozi
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September 03, 2016, 06:40:03 AM |
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So, here's a question...
While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead". So, what happens to XMR when/if BTC decides to increase in price?
Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?
Or will XMR bring new money into BTC, even?
Definitely have to disagree with explorer on that one. There has always been a strong anti-correlation between the prices of btc and monero. Monero could still rise in a rising btc environment to be sure, but probably always less than it would have in a falling btc environment. I was also a firm believer in the inverse correlation in the past, but the variables have changed completely and this will no longer hold true. A BTC rise may be met with a brief pause but expect XMR to rocket after that. And here we go ...0.02 incoming Edit: Done on massive buys |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 06:40:52 AM |
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BAM! ATH again.
And now is the time that I am SO glad I didn't penny pinch. It was for exactly this reason. I could smell that explosion coming. Nice one. I'm down to a final colour choice for my new truck  |
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tifozi
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September 03, 2016, 06:46:18 AM |
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Checkmate XMR overtakes DASH on a $ basis after a long drawn out market. |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 06:46:21 AM
Last edit: September 03, 2016, 07:00:29 AM by explorer |
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battling .02 at there's still 6K BTC on the book.
edit: not much of a battle. Hello, .0213 0.02144
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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September 03, 2016, 06:51:05 AM |
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Y'know how Risto said the rises are logarithmic and the next stop was .04.....
I'm sure he didn't mean by Sunday.
[EDIT] it look like most of the most of the sell side is still asleep...peeps are going to awake and clear a path
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 06:52:49 AM
Last edit: September 03, 2016, 07:06:08 AM by explorer |
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Y'know how Risto said the rises are logarithmic and the next stop was .04.....
I'm sure he didn't mean by Sunday.
LOL I was just looking for that post, as it appears to be on target  Bid sum is BUILDING. edit: going to hit 7K btc any minute. I remember being concerned when it dropped under 300 and amazed by 1k earlier this year. Crazy. Crazy cool. |
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tifozi
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September 03, 2016, 06:54:22 AM |
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battling .02 at there's still 6K BTC on the book.
edit: not much of a battle. Hello, .0213
Looks like the target is the LTC marketcap which will happen @ $14.10 (everything else remaining same, can happen sooner if LTC slips on its own), which will also mean surpassing dETH token value. I expect $15 with this run but settling above dETH before the next legs. |
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starmman
Legendary
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Activity: 1484
Merit: 1029
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September 03, 2016, 07:10:31 AM |
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Wow, XMR is up by 45% in 24 hours and currently up to 0.021 - didn't expect to see that so quickly. Awesome. Just a pity I sold a good chunk of mine at 0.014, was expecting a contraction to to 0.01 before another rise.
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Anon136
Legendary
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Activity: 1722
Merit: 1217
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September 03, 2016, 07:12:05 AM |
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Roger Ver to be the worlds first crypto billionaire.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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tifozi
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September 03, 2016, 07:14:01 AM |
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Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.
Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 07:14:52 AM |
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Runaway TRAIN!
Fascinating, the bid sum never gets depleted.
I need sleep, have to work tomorrow. Of course, calling in sick and going truck shopping might be more fun...
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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September 03, 2016, 07:15:27 AM |
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starmman
Legendary
Offline
Activity: 1484
Merit: 1029
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September 03, 2016, 07:16:37 AM |
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Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.
Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.
The buy chain looks awesome, there is so much demand for XMR =) |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 03, 2016, 07:21:14 AM |
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Poloniex trollbox - Moonero: XMR is some kind of magical Tesla cow that just gives you Teslas every day. w o w |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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September 03, 2016, 07:24:19 AM |
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Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.
Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.
The buy chain looks awesome, there is so much demand for XMR =) Big demand + limited supply = Moonero |
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