BitcoinNewsMagazine
Legendary
Offline
Activity: 1806
Merit: 1164
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 12:33:10 AM |
|
Daily volume on Polo is too low to suggest a bottom is in place yet. I think we need to see a sell off on high volume with price approaching the daily 200 MA first. Since 200 MA is at .0128 today probably still some pain left.
|
|
|
|
Hueristic
Legendary
Offline
Activity: 3906
Merit: 5241
Doomed to see the future and unable to prevent it
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 12:48:48 AM |
|
Kraken launched support for tether-USD (USDT/USD) trading on March 29 and now adds 2x leveraged margin trading for this pair. Further enhancements to the margin program include higher 5x leverage for other trading pairs:
Bitcoin-USD (XBT/USD): 5x Ether-bitcoin (ETH/XBT): 5x Ether-EUR (ETH/EUR): 5x Ether-USD (ETH/USD): 5x
Margin trading for USDT/USD will help drive volume and liquidity, and may improve price discovery. In the past USDT traded very near $1 USD on confidence that USDT could be redeemed 1:1 for USD from the reserves held by Tether Limited (the company behind the Tether System). However, recently USDT price has come under sell pressure because, although Tether Limited claims to maintain full reserves, the ability to redeem USDT for USD has been temporarily suspended while they transition to a new banking partner. I don't have a clue about USDT now.
|
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
|
|
|
CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 02:38:49 AM |
|
DaFuck is happening with XMR ?
How low are we going ? Nearly all my coins are doing better than my monero stack which is total bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3766
Merit: 5146
Whimsical Pants
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 04:09:20 AM |
|
DaFuck is happening with XMR ?
How low are we going ? Nearly all my coins are doing better than my monero stack which is total bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....
It looks to me that some people or person is gradually unloading a large position.
|
|
|
|
CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 04:42:13 AM |
|
DaFuck is happening with XMR ?
How low are we going ? Nearly all my coins are doing better than my monero stack which is total bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....
It looks to me that some people or person is gradually unloading a large position. Normally that wouldn't be a problem.... If people were buying.... Has xmr been superceded by that zec shitcoin in public perception?
|
|
|
|
kurious
Legendary
Offline
Activity: 2590
Merit: 1643
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 09:17:15 AM |
|
If it seems a little quiet around here, it may be the fact that the BTCTalk forum is offline in many places outside the USA - I am using Tor as my normal browser cannot log on - been like this for a couple of days.
Seems Theymos decided to upgrade and it's not worked out so well....
|
我想要火箭和火车
|
|
|
bitebits
Legendary
Offline
Activity: 2236
Merit: 3459
Flippin' burgers since 1163.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 12:01:44 PM Last edit: April 22, 2017, 02:12:35 PM by bitebits |
|
I think declining volume is fine as long as the transaction volume and hash rates continue to trend up. [...]
Hashrate (increase) usually follows price increase, the two can't been seen separately. Transaction volume in Monero and other alt coins is probably still mostly people speculating (moving their Moneros to and hopefully from exchanges). A declining volume does not affect price per se, but it does indicate a lack of traders' current interest. Their focus is apparently elsewhere. To me a declining volume over an extended period of time could become a worry. Although a declining volume of development and research would be a much greater worry. Which fortunately is not the case for Monero, the opposite I would say.
|
- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
|
|
|
Zegra
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 112
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 01:31:25 PM |
|
I have a feeling the decline in price/volume is just because of the BitFinex/Tether situation being big news now. People are tracking what will happen with the Bitcoin price to hopefully profit there. And because BitFinex is increasing the Bitcoin price, people are probably converting altcoin to Bitcoin to join the pump. As soon as that story finishes I think, depending on the outcome people will get back into alts. But the support price in XMR when BTC does a bullrun is always higher and higher, so it looks good to me.
|
|
|
|
MoneroMooo
Legendary
Offline
Activity: 1276
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 03:00:26 PM |
|
I have a feeling the decline in price/volume is just because of the BitFinex/Tether situation being big news now. People are tracking what will happen with the Bitcoin price to hopefully profit there. And because BitFinex is increasing the Bitcoin price, people are probably converting altcoin to Bitcoin to join the pump. As soon as that story finishes I think, depending on the outcome people will get back into alts. But the support price in XMR when BTC does a bullrun is always higher and higher, so it looks good to me.
Absolutely I agree to u.. appears as though something important has happened, btc is raising.. All the news lies according to me.. I think declining volume is fine as long as the transaction volume and hash rates continue to trend up. [...]
Hashrate (increase) usually follows price increase, the two can't been seen separately. Transaction volume in Monero and other alt coins is probably still mostly people speculating (moving their Moneros to and hopefully from exchanges). A declining volume does not affect price per se, but it does indicate a lack of traders' current interest. Their focus is apparently elsewhere. To me a declining volume over an extended period of time could become a worry. Although a declining volume of development and research would be a much greater worry. Which fortunately is not the case for Monero, the opposite I would say. @zegra talking about. interest of investors is like bitfinex and tether. XMR will find the right value.. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
KeyJockey
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 04:32:36 PM |
|
Even with all the FUD noise and BTC price rising, HoneyPony still holding on to $20 (maybe just barely, LOL) That says to me, hopefully "No Such Thing As Bad Publicity" Maybe after the smoke clears all this 'negative attention' on Monero will just lead to more people investigating it more carefully, and hopefully realizing that -- at the very least -- even IF the shit claimed about linking transactions in the FUD were true (which it prob is not) THEN anyway Monero is STILL more private than anything else currently available that's actually practical to *use*, in actual for-real transactions. OTOH, yeah it's frustrating anyway. Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)...
|
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
|
|
|
Nausicaa
Newbie
Offline
Activity: 9
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 06:04:13 PM |
|
.... Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)... The power of marketing... Sure, I get that Monero is likely technically superior to Dash. But I still bought some (Dash), because any deficiency Dash suffers in relation to Monero is more than made up by the superior PR campaign of the Dash Team. This has led to increased adoption of Dash, which has increased the market cap, which, in its own way, is also good PR of sorts, a positive feedback loop. Monero, OTOH, is ignored/slandered, FUDed, and no-one outside the Monero World stands up for it. All the vaunted "advantages" that Monero has over other privacy oriented coins are useless if it never gets any meaningful adoption, before the other privacy coins get theirs, thus removing Monero from future contention, in the marketplace. If Joe Potential-Offshore-Investor is thinking about hiding some money away, and happens to click on a link with a story about anonymous cryptocurrencies, what will he see? Zcash. Dash. Bitcoin + Mimblewimble. And then, almost as an afterthought, Monero. He's a busy guy, and his time is valuable. What is he going to do? Marketing, Baby. As in, "The Awesome Power Of." BTW, I also bought some Monero. Because it may succeed without marketing, and I might be completely offbase. But: if Dash had had no marketing, I would never have bought any Dash. Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.
|
|
|
|
MataKhobRazi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 06:17:43 PM |
|
[...]
Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.
The same thing was being said in 2014-2015... but it did not prevent monero from going further and further in value. On the contrary ! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
|
|
|
|
Nausicaa
Newbie
Offline
Activity: 9
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 06:25:49 PM |
|
[...]
Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.
The same thing was being said in 2014-2015... but it did not prevent monero from going further and further in value. On the contrary ! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Well, Monero is certainly surviving. But I wonder how much better it would be today if it had had marketing then? I might even have heard of it! Anyone with a time machine: Please make it so that it happened! BTW, your Avatar rules!
|
|
|
|
c789
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 07:17:19 PM |
|
Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)...
A big part of it is that many of the media companies have an ownership stake in those coins. For example, Coindesk has a disclaimer saying that they have an ownership stake in Zcash, which goes a long way in explaining why they post so many favorable articles about Zcash and why they'll help to spread FUD about Monero. Interestingly, I did not see that disclaimer posted at the bottom of their latest article (I checked around an hour ago). Lack of marketing is a part of it too. For people who want to help with Monero marketing, check out https://www.reddit.com/r/MoneroMarketing/ Marketing includes little things like wearing a Monero t-shirt or putting a link to the latest GUI on your blog...it all adds up.
|
|
|
|
sp_skeptic
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 110
Merit: 14
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 22, 2017, 11:21:09 PM |
|
Kraken launched support for tether-USD (USDT/USD) trading on March 29 and now adds 2x leveraged margin trading for this pair. Further enhancements to the margin program include higher 5x leverage for other trading pairs:
Bitcoin-USD (XBT/USD): 5x Ether-bitcoin (ETH/XBT): 5x Ether-EUR (ETH/EUR): 5x Ether-USD (ETH/USD): 5x
Margin trading for USDT/USD will help drive volume and liquidity, and may improve price discovery. In the past USDT traded very near $1 USD on confidence that USDT could be redeemed 1:1 for USD from the reserves held by Tether Limited (the company behind the Tether System). However, recently USDT price has come under sell pressure because, although Tether Limited claims to maintain full reserves, the ability to redeem USDT for USD has been temporarily suspended while they transition to a new banking partner. I don't have a clue about USDT now. I have a clue about USDT. You might be interested in this post I wrote about it in the general altcoin discussion: https://bitcointalk.org/index.php?topic=1881199.0Tether: not even a scam I have a great idea for a business. I'll invite people to send me money. For every dollar they send me, I'll send them a receipt saying "Thanks for sending me your dollar. You can have your dollar back whenever you like subject to the following condition: you don't really have any right to have it back. And I promise I'll put it in my bank account and keep it there until I decide not to anymore." And people could use my thank-you notes as money! Would this be a scam? No it wouldn't. A scam is, by definition, a deception; a scheme based on dishonesty and fraud, and I'm being completely candid about my intentions. From the Tether FAQ: How do I know my Tether is secure?
Tether is built on top of the revolutionary and cryptographically secure open blockchain technology and adheres to strict security and global government laws and regulations.
All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in our reserve account. As a fully transparent company, we publish a real-time record of all value held and transferred in and out of our reserve account.
Tethers can be securely stored, sent and received across the blockchain and are redeemable for cash (the underlying asset) pursuant to Tether Limited’s terms of service.
And here are the terms of service as they relate to the redeemability of Tethers: 3. Purchase and Redemption of Tethers: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency.
There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.
So Tethers are redeemable subject to the condition that they're not. No deception here. There is a fully transparent company for you. Also from the terms of service: Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, we assume no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to: 1. these Terms of Service; 2. the Site, and your use of it; 3. the Services, and your use of any of them; 4. the real or perceived value of any Tethers or of digital tokens, money, or any other property used to purchase Tethers; 5. any failure, delay, malfunction, interruption, or decision by us in operating the Site or providing any Service; 6. any stolen, lost, or unauthorized use of your account information any breach of security or data breach related to your account information; or 7. any offer, representation, suggestion, statement, or claim made about us, the Site, or any Service by any Associate. You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.
This is obviously very well thought out! According to #4, if you "perceive" that Tethers are worth something, and they aren't, you have no recourse. Under #5, whatever it is that Tether does, if they suddenly stop doing it, you have no recourse. And under #7, if someone from Tether told you that Tethers are worth something, and they aren't -- no recourse. Unjust enrichment? No recourse! If Tether management decides to close up shop tomorrow and leave with the all the money, it wouldn't violate the terms of service. It's all there in black and white - no deception there! Could the fact that Tethers are trading somewhere close to par have anything to do with the fact that some people "perceive" (see 11.4 above) that Tethers have an intrinsic value or are redeemable? Could it have anything to do with the possibility that some people "perceive" that Tether's reserves are committed to redeeming Tethers or supporting the value of Tethers? If anyone "perceives" that, it's their own fault, not Tether's! Here's my idea again. I'll invite people to send me money. For every dollar they send me, I'll send them a receipt saying "Thanks for sending me your dollar. You can have your dollar back whenever you like subject to the following condition: you don't really have any right to have it back. And I promise I'll put it in my bank account and keep it there until I decide not to anymore." And people could use my thank-you notes as money! Maybe not. Nobody would do that. It would be stupid.
|
|
|
|
TheFuzzStone
Legendary
Offline
Activity: 1512
Merit: 1442
thefuzzstone.github.io
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2017, 07:55:21 AM |
|
I have a clue about USDT. Be careful with Tether, *click*
|
|
|
|
novag
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2017, 11:43:23 AM |
|
50$ coming soon.
|
Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS
|
|
|
rinus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2017, 11:44:52 AM |
|
50$ coming soon.
Why do u think that? Based on what ?
|
|
|
|
Fragbait
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2017, 02:06:48 PM |
|
50$ coming soon.
Why do u think that? Based on what ? He meant LTC.
|
|
|
|
CoinCidental
Legendary
Offline
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2017, 03:44:15 PM |
|
50$ coming soon.
Why do u think that? Based on what ? He meant LTC. Ltc will probably be first to $50 but don't worry, xmr will get there soon If shitcoins like dash and zec can reach 75-100+ I have no doubt that solid coins can do it too, even without spending half a million a month on Facebook ads ..
|
|
|
|
|