TrueCryptonaire
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October 16, 2016, 08:17:26 AM
Last edit: October 16, 2016, 08:28:10 AM by TrueCryptonaire |
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Some trolls told in the Polo trollbox that Monero died for the sins of its community....  I wonder if it is possible.  ------------------- I guess it is time to add some more bids. Put 3 more bids in the markets. 1 got filled within the past 12 hours or so. Currently I have 8 bids and I have bitcoins in the sideline waiting in case of emergency.  |
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Take A Horse To Water
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October 16, 2016, 08:31:20 AM |
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Some trolls told in the Polo trollbox that Monero died for the sins of its community.... I wonder if it is possible. That's not really how the conversation went though is it? It was more like this:- malik: poor XMR
TrueCryptonaire: did xmr die for our sins?
malik: nobody knowPerhaps in future it would be best not to preload the narrative. |
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TrueCryptonaire
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October 16, 2016, 09:18:48 AM |
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Don't get me wrong, I am not bearish despite the trend line is showing signs of bearishness.
I have prepared already for Monero to go to 0 so there will be no Moneros for sale from me when the price goes down. I am so sorry.
I have been busy filling the Polo with bids. So should you if you have faith in the Monero for long haul (20+ yrs).
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N-rG
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October 16, 2016, 09:32:45 AM |
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So should you if you have faith in the Monero for long haul (20+ yrs).
lol. After all what you were praying here recently you stated something like this  |
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cryptoPrecise
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Cryptocurrencies since 2013 @cryptoPrecise
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October 16, 2016, 10:05:07 AM |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
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kurious
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October 16, 2016, 10:11:38 AM |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
So it will be Soon™ then?  |
我想要火箭和火车
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cryptoPrecise
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October 16, 2016, 10:13:49 AM |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
So it will be Soon™ then? |
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kurious
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October 16, 2016, 10:26:10 AM |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
So it will be Soon™ then? Actually, the GUI would be a welcome bit of news. The psychological 0.01 support looks well and truly broken and zcash may affect XMR adversely in the short term. |
我想要火箭和火车
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SalmonBraker
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October 16, 2016, 10:35:25 AM |
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Like i said, bitches, this shitcoin is going down now |
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MataKhobRazi
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October 16, 2016, 10:59:15 AM |
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People are saying for long time that a GUI will soon be launched...
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cryptoPrecise
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October 16, 2016, 11:06:24 AM |
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People are saying for long time that a GUI will soon be launched...
I think this time it's serious. |
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mnemonicsoup
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October 16, 2016, 11:33:19 AM |
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Nice comment from reddit: "The market depth cannot be 'bullish' or 'bearish', generally (obvious exceptions in more extreme examples). Monero has remained stable against BTC in the last week despite increases in BTC (so thus has gone up against USD). Monero remains uncertain. It always has been. It has had a 'hype cycle', and is now 100% below its all-time high. However it is also well over 100% over what it was at the start of August. It has continuing strong support from a wide developer base, a robust roadmap moving forward, as well as an unpeered underlying mechanic. As soon as alphabay announced adoption, everyone lost their underwear, and the price skyrocketed. When it became clear that the actual use in the markets has been increasing only slowly, the bottom fell out of the market and we dropped from 0.02 to 0.01. Adoption will, however, continue to slowly increase. Monero is fungible and untraceable, and the use case for it in the DNM is going to become more and more clear (sadly, perhaps, at the cost of several bigger players who continue to use BTC being busted by blockchain analysis). For what it is worth, I sold over half of what I held at around 1.8 and now have bought fully back in. The future for Monero is bright. How bright is uncertain, but I feel that it will have an indisputable role to play in the coming crypto era." Source: https://www.reddit.com/r/xmrtrader/comments/57o36w/help_me_understanding_this/?st=iucjy5pp&sh=17b20ba0 |
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Shiroslullaby
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October 16, 2016, 11:38:29 AM |
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Yeah that quote pretty much sums it up perfectly.
We got a lot of hype from the darknet adoption, but now people are realizing that most vendors are still not accepting it.
For what reason, I don't know.
If I was mailing Fentanyl to people, I would do everything possible to prevent myself from ending up in prison when they died of an overdose.
I'm guessing most of the dealers don't actually realize how easy it would be to track them through Bitcoin addresses.
Anyway, I'm actually really surprised XMR went below 0.01
I figured that was the bottom.
(A psychological thing. But nothing about Bitcoin or Altcoins seems logical I guess.)
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mnemonicsoup
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October 16, 2016, 11:46:30 AM |
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Adoption takes time, especially as the GUI isn't out yet, a lot of people don't feel comfortable with the command line. Rome wasn't built in a day.
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rpietila
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October 16, 2016, 11:52:44 AM |
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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N-rG
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October 16, 2016, 12:01:23 PM |
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i cannot understand that we fall below 100 but I think That's a general problem here. |
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TheKoziTwo
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October 16, 2016, 12:10:36 PM |
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Like i said, bitches, this shitcoin is going down now Such deeply profound wisdom deserves its own wisdom quote image:  |
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adolf512
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October 16, 2016, 12:29:26 PM |
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It is not surprising that the price fell under 0.01, before the alphabay owners created the xmr hysteria the price was below 0.001 and 0.004, now it turnes out the xmr usage for these markets is almost zero and the hysteria is over. With time buyers are willing to pay less and less, hence the weal buy-support despite the fact that the price is less than 0.01 Bagholders will lose big, the winners are shorters and people that bought xmr early and sold during the hype, now the hype is over  we are now soon in the capitulation phase, the sell-offs are still slow, it was actually more intense the last time the price fell below 0.01 but the buy-support is much weaker now. What we are likely too se is a slow decrease in price, it is likely to increase many times to be dumped down again even lower by desperate bagholders. The price is now being kept up by a large buy-walls, how long will that wall last? The reason why the buy-side of the orderbook is larger is becuase sell-orders rarily get filled now and the price is decreasing, if you baghold xmr it is smart to sell no and go short, then you are much more likely to get your money back. |
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Take A Horse To Water
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October 16, 2016, 12:57:27 PM |
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Which phase is Ethereum in?
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cryptimus prime
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October 16, 2016, 02:06:56 PM |
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Everyone with a little bit of brain left should ask himself if it is realistic for XMR, a coin with a strong growing community, full funded development, tons of updates ahead, marketed by mass media, with a current growing real use and market to be around 6 USD per coin while DASH and ETH are between 11-12 USD? How realistic is it? Not very much? Right. Now ask yourself who is filling right now their bags with the buy orders placed and decide if you want to fill them. Jaxx will offer a XMR wallet already in 2 weeks, I guess the official one will come out before that. |
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