BldSwtTrs
Legendary
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Activity: 861
Merit: 1010
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January 01, 2021, 06:39:50 PM |
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rinus
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January 01, 2021, 06:41:51 PM |
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This is bad right ?
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elrippos friend
Full Member
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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January 01, 2021, 07:11:14 PM |
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This is bad right ?
Nope, you can use bisq, poloniex or any other exchange  |
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ol92
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January 01, 2021, 07:11:29 PM |
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This is bad right ?
Well, would they have just delisted XMR, it would have been bullish: since the volume is rather high, the reason is the anonymous feature which may trigger some regulatory concern. It would underlines the rather good anonymous features of XMR. But I am disapointed they also delisted other not so good anonymous coins... |
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rinus
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January 01, 2021, 07:12:32 PM |
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This is bad right ?
Nope, you can use bisq, poloniex or any other exchange Not scared other exchanges will follow? |
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Hueristic
Legendary
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Activity: 4004
Merit: 5453
Doomed to see the future and unable to prevent it
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January 01, 2021, 07:13:34 PM |
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Bittrex is a joke does not effect us at all, does anyone even remember getting listed on that shit exchange? Monero was around before these centralized exchanges that are delisting and will be around long after. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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elrippos friend
Full Member
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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January 01, 2021, 07:13:59 PM |
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This is bad right ?
Nope, you can use bisq, poloniex or any other exchange Not scared other exchanges will follow? BISQ can not follow because it is an decentralized peer to peer exchange run by the people who want to trade and no other entity  |
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ol92
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January 01, 2021, 07:18:27 PM |
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This is bad right ?
Nope, you can use bisq, poloniex or any other exchange Not scared other exchanges will follow? US exchange will probably feel the pressure: this is a possibility. XMR may tank for a while before people realise this is what BTC was supposed to be: a truly censorship resistant and somewhat decentralized coin which preserves freedom for good or not so good use, but freedom after all. I think price at BTC level before it picked institutional interest is a reasonable long term objective : 500-2000 USD or 0.01-0.05 BTC. |
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Globb0
Legendary
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Activity: 2702
Merit: 2053
Free spirit
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January 01, 2021, 07:32:37 PM |
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Unlist away.
DMs will be customers enough.
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BldSwtTrs
Legendary
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Activity: 861
Merit: 1010
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January 01, 2021, 07:39:24 PM |
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There is a worst case scenario where XMR is no longer listed on any exchanges.
I get that it would still be traded OTC. But that would badly hurt its liquidity and price.
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elrippos friend
Full Member
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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January 01, 2021, 07:44:54 PM |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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January 01, 2021, 08:17:59 PM
Last edit: January 01, 2021, 08:31:44 PM by explorer |
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 I think poloniex is dead. 42 btc remaining on buy side  A really quick guestimate puts bittrex xmr volume at about 1/2 of 1% of reported xmr volume. OK so I tried to check my numbers and now its not listed (monero.how) am I dreaming, or did the site maintainer just ditch them lol |
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Hueristic
Legendary
Offline
Activity: 4004
Merit: 5453
Doomed to see the future and unable to prevent it
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January 01, 2021, 08:59:54 PM |
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W0w, people are getting some real cheap coins, sale of the decade going on right now.
The same People will be crying in 6 months saying they didn't get a chance to grab any while they cry about how low it is right now.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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explorer
Legendary
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Activity: 2016
Merit: 1259
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January 01, 2021, 09:38:41 PM
Last edit: January 01, 2021, 10:36:53 PM by explorer |
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It has to be something bigger than bittrex. This looks more coordinated.
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Biro Bob
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January 01, 2021, 10:01:51 PM |
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I came here to catch up. Can’t believe 0.0045 but I am not looking to sell. I just can’t predict the floor.
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phishead
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January 01, 2021, 10:58:07 PM |
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Buy fear, sell greed
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yefi
Legendary
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Activity: 2842
Merit: 1511
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January 01, 2021, 11:20:31 PM |
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Not sure. Was the 20k Polo buy whale dumped into? If so, that's pretty capitulatey...  It was indeed. And I am now 26.6k XMR richer. This is the lowest btc ratio since 2016. I'm seeing a lot of comments these days about how "it's different this time". No, it's not different. The smart money knows this and is picking up altcoins now and going forward from people who believe such thing. There will be a new rally for altcoins once again and it will catch a lot of people by surprise.
Monero has had tremendous technological progression and adoption over the last few years. "but fundamentals". None of that matters here. The main reason for this price drop was obviously the bear market and bitcoins recovery, however, something unexpected occurred after breaking 0.01 and that was massive margin liquidations. People who believe so strongly in monero that they'd leveraged up beyond reason were sadly getting crushed. The price went far lower than they expected and they were forced to let their coins go at the worst possible time. I think we may be in, or entering capitulation at this stage.
When the price was far higher I estimated a "worst-case" target to be ~0.007. Therefore I started buying at ~0.01 and decided to go in quite significantly around these levels we are now. I don't try to time exact bottoms, that is a fool's game and impossible at the scale I operate on anyway. There is still a risk that a continued bitcoin rally could put further pressure on altcoins. But what we're seeing here is unprecedented and the upside is now far greater. So from a risk/reward perspective, while the price could drop fruther, I think betting on further downside now is a bet with very high risk of missing out. If I've learned anything from more than half a decade trading alts, it's that when the market turns, it turns quickly. If I'm not positioned by then, I won't have time to.
There is something different this time though. I've always been a bitcoin holder. That is, I hold majority of my funds in bitcoin, rarely going below 70%. Not this time. I have decided to follow my own altcoin prediction to the fullest and increase my altcoin share significantly. In fact, I am, as of today more than 80% in altcoins and ready to increase that further. Monero just became my second largest holding. I haven't owned this much monero since during the xmrbtc rally in 2016.
Exciting times ahead. Or horrible misery I'm interested, you still holding? |
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phishead
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January 02, 2021, 12:16:19 AM |
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I'm interested, you still holding?
I'm assuming he is buying. |
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heraldd
Newbie
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Activity: 7
Merit: 3
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January 02, 2021, 02:02:18 AM |
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Other custodian exchanges will most probably delist XMR, just like what they did with XRP. Bisq looks to be the only true decentralized alternative at the moment but it relies on the average price on custodian exchanges with enough volume for the price determination.
How will the true price of XMR/BTC be discovered when XMR is delisted?
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