No offense to XC holders, as I am not bashing, but XC just fell below Cloak on Mintpal as far as price...
I'm just confused about XC. Do they have working anonymous transactions? I keep hearing about xnodes, but the details seem to be lacking.
Me too. I think it's good to stay abreast of tangent developments. >>
Notice the steady decline of most other anon coins vs. cloak at the moment (1 day or 6-12 hour chart). Notice the buy 'support' or 'buy wall' of any coin and there is no liquidity. There is nobody to sell to right now. Anyone in these coins right now is an early adopter. Some are better than others.
What's the prediction for price?! at least 150k after PoSA?
My $0.02 (from someone who routinely buys just before dumps and is usually late to the party, so take it with a big pinch of salt):
If it gets to 150k, it will be from buy pressure from existing cloakheads thinking it's about to take off, rather than new buyers.
Then there'll probably be a bit of selling when people are disappointed by the lack of rocket to the moon. Some may give up all together.
Then a small rally.
Then, hopefully, we'll get recognition for the strength of the product and articles written about it and slow organic growth from new buyers arriving until we eventually reach astounding highs (along with the prerequisite shenanigans of pump and dump moguls most of the way)
You're in early now. Enjoy the ride. I'm with you in regard to the fact that I'm probably high print on any of the last upward spikes in cloak. Hold with conviction. There are 18 BTC between 'last price' and 150k on cryptsy. That is 18x612=11016K. It's not gonna take much to move the market and besides that, there is not more supply available. We may see a mini-bubble in prices, it just happens sometimes.
Bravo to you all with those 12-18K prints.
