OrangeP
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May 02, 2017, 12:15:33 AM |
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Damn, Monero took a pretty big hit the last couple of days. It's still up over the last week in USD terms pretty well, but nothing that impressive compared to the other alts. It's still in the Top 10 and could another mega pump at any time, so I'm holding mine and staying long. Plus anonymous coins are the future and XMR, DASH, and ZEC are the Big 3 right now.
Monero is at $23 dollars and you call it a pretty big hit. You must be new.
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Hottest Coins: Decred, ZCoin, Waves
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Febo
Legendary
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May 02, 2017, 12:37:00 AM |
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Damn, Monero took a pretty big hit the last couple of days. It's still up over the last week in USD terms pretty well, but nothing that impressive compared to the other alts. It's still in the Top 10 and could another mega pump at any time, so I'm holding mine and staying long. Plus anonymous coins are the future and XMR, DASH, and ZEC are the Big 3 right now.
Monero is at $23 dollars and you call it a pretty big hit. You must be new. even in BTC only price decrease was today as all other coins because of sudden 8% BTC raise. other 6 days of last week Monero was stable in BTC or price was growing. And overall we are a bit over how much Monero was in BTC a week ago with difference that BTC is worth 14% more.
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arbitrage
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 09:06:16 AM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
Question is do you have spare BTCs to collect some XMR while they are falling.. I don't have any doubts Monero can surprise whole Bitcointalk community this year so be smart and buy while you still have chances.
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romanturbo
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May 02, 2017, 10:01:10 AM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
Question is do you have spare BTCs to collect some XMR while they are falling.. I don't have any doubts Monero can surprise whole Bitcointalk community this year so be smart and buy while you still have chances. No, but I just HODL my monero ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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ftso
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May 02, 2017, 02:35:57 PM |
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The train begins... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Febo
Legendary
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Activity: 2730
Merit: 1288
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May 02, 2017, 02:37:46 PM |
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The train begins... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Laughs. The train will derail if BTC goes to 2000.
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adolf512
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 02:38:07 PM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
I expect a huge dump, xmr could surprise(greater fools buying a coin with obsolete tech), i expect below 0.01 again unless btc fails hard due to the scalability issue.
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c789
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 02:43:58 PM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
I expect a huge dump, xmr could surprise(greater fools buying a coin with obsolete tech), i expect below 0.01 again unless btc fails hard due to the scalability issue. We're in a good situation overall. XMR relative to the dollar is holding up very well. If the price relative to BTC goes down, that just means it's a great buying opportunity.
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cryptimus prime
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 02:59:17 PM |
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I love see BTC going up as this is in long term good for XMR and Crypto. But BTC RSI is in overbought teritorry, MACD is reachings its highest point....if BTC dumps XMR and ETH will profit from that.
Honestly I have time, I would love to see BTC going beyond 2k USD and more, but I also expect a massive dump/correction somewhere here.
I feel very comfortable hodling XMR, time and future are on our side.
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Nathan047
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 03:00:13 PM |
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The train begins... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Laughs. The train will derail if BTC goes to 2000. I wouldn’t be too sure. Monero seems to have it’s own niche that will keep it relatively stable even with Bitcoin/Altcoin Pumps and Dumps going on (of course it’s not immune, but I don’t think the metaphorical train would be derailed).
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I'm starting a technology blog T4CH.top, check it out!
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KeyJockey
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 03:40:50 PM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
MADE my BETS already a long time ago... NOW it's just time for making POPCORN ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia.tenor.co%2Fimages%2F54451401d52c0dd2fe9ee5752857d53c%2Ftenor.gif&t=665&c=SjN1U52UaED7Tw)
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- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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KeyJockey
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 05:56:59 PM |
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By the way I noticed this earlier today... LOL Dash casino high score player trolling for Monero! Nice job there, whoever did it!! Stickin' it to the DashTards everywhere possible ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs16.postimg.org%2Ftg1zkodrp%2FXMRTroll_Dash.png&t=665&c=D1CkxFvVPDOQuQ)
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- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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ArticMine
Legendary
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Merit: 1050
Monero Core Team
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May 02, 2017, 10:31:05 PM |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.
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cAPSLOCK
Legendary
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Activity: 3766
Merit: 5146
Whimsical Pants
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2017, 10:52:01 PM |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. I think this is solid analysis. I said something similar several weeks ago but am too lazy to find it now. Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value. I would like to see sense return to the market soon in that regard.
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explorer
Legendary
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Activity: 2016
Merit: 1259
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May 02, 2017, 10:53:09 PM |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. Certainly, you were not the only one. Not terribly distressing to look back on now, though, is it? Due in part to your own contributions, Monero is solid, and growing. >C$30 is not such a bad place to consolidate
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explorer
Legendary
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Activity: 2016
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May 02, 2017, 11:02:06 PM |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. I think this is solid analysis. I said something similar several weeks ago but am too lazy to find it now. Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value. I would like to see sense return to the market soon in that regard.As the vast majority haven't any, I wouldn't hold my breath on that. Monero contiues to thrive, going its own way. IMO Fungibility is, (and becomes more so daily) essential. No other (viable) coin has it. I think it must become a driving force, sooner or later.
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smoothie
Legendary
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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May 03, 2017, 01:10:23 AM |
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As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they even have a solution, and is looking for alternatives. How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016. As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015. To be fair the % of total market cap share of bitcoin is likely skewed and manipulated by many ICOs and premined coins where there is centralized control of the majority of supply. As the ICO scam bubble increases and grows the metric becomes diluted as an accurate way to determine the "real" % market cap of bitcoin of the total crypto space.
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Shiroslullaby
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May 03, 2017, 01:19:03 AM |
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[Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value. I would like to see sense return to the market soon in that regard.
I agree. Unfortunately, it doesn't seem like there is ANY sense when it comes to investing in alt-coins right now. Everyone is just looking to make a quick buck and whatever coin gets hot sees a sudden spike in value, regardless of the crypto behind it, the developers track record, etc. Right now marketing is probably worth more than solid technology because traders have no idea what they are buying and will believe anything. I honestly believe we are in the next bubble similar to the dot-com era of the early 90's. Hopefully when everything crashes (and most coins will) the solid ones like Monero are still here and worth more than they are today.
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