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Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 163. (Read 782370 times)

sr. member
Activity: 314
Merit: 250
The trend changed to a downward trend. It would be nice to add margin trading, so we can short from current price.
newbie
Activity: 8
Merit: 0
Oh, good to be proven wrong Cheesy

Well, that gives me more hope that we'll be shake off all these weak hands eventually, so being proven wrong here is welcome news to me. Cheesy
legendary
Activity: 1638
Merit: 1011
jakiman is back!
I was wondering why PIVX was crashing along with the BTC price rise.

So I just learned PIVX had a direct fiat pairing added (PIVX/CNY) back at April 20.
https://bitcointalksearch.org/topic/m.18663009

That was not a good development IMO... it opens up PIVX to fiat arbitrage.
Like if BTC rises in price, they can get PIVX by BTC->CNY->PIVX in their market,
and dump it on our BTC/PIVX market for more BTC than they started with.


COINBT.CC (PIVX/CNY pair) has a trade volume 352 CNY in past 24 hours according to the exchange.
That is a total of $52 USD. Previous days are less. So I don't think that could cause anything?
newbie
Activity: 32
Merit: 0
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full member
Activity: 211
Merit: 100
I was wondering why PIVX was crashing along with the BTC price rise.

So I just learned PIVX had a direct fiat pairing added (PIVX/CNY) back at April 20.
https://bitcointalksearch.org/topic/m.18663009

That was not a good development IMO... it opens up PIVX to fiat arbitrage.
Like if BTC rises in price, they can get PIVX by BTC->CNY->PIVX in their market,
and dump it on our BTC/PIVX market for more BTC than they started with.

No wonder we lost the amazing stability in price PIVX had.
Back at 50-70k, PIVX was like a rock, I couldn't get any decently sized (>1 btc) buy order filled.
No one would sell to me, always had to buy off the sell books.
Red candles were paper thin.

And now it seems weak hands just won't run out, red candles always have a decent length on them.
I was wondering why we couldn't shake them out, everyone should've been hoarding for MNs.
Now I know it's probably fiat arbitrage.

The thing about having a fiat pairing, it permanently changes a currency.
Instead of being pegged to the BTC price, it becomes pegged to the FIAT (USD) price.
Since people will always be running arbitrage using the fiat markets.

So if BTC does a moon run to $5000 or something ridiculous,
you could always ride that moon rocket in another coin that has no fiat paired market.
The BTC price of the coin would probably remain unchanged.

But a currency with a fiat pairing will most likely stay at the current dollar value instead due to arbitrage
(i.e. in terms of BTC price, it would be crashing)
With a fiat pairing, you lose the ability to rise ALONG with bitcoin, the coin instead starts moving in contrast with it.

e.g. look at ARK, which probably doesn't have fiat paired markets yet.
It's stable as a rock despite BTC price rising.

On the other hand, look at PIVX on the Bittrex charts.
The crash started HARD on April 20 (the day the fiat pair was added)


Well... it's there now. And adoption is always good in the long term.
I just wish it was a BTC/PIVX pairing instead of a fiat one.

All interesting and none incorrect points.

I am also 99.9% convinced much of this has to do with the Polo delisting and snatching up cheap inventory to sell when adding PIVX.

Regardless, of short term price impact, the PIVX team needs to be focused long term, which is why this was the right move Smiley
newbie
Activity: 8
Merit: 0
I was wondering why PIVX was crashing along with the BTC price rise.

So I just learned PIVX had a direct fiat pairing added (PIVX/CNY) back at April 20.
https://bitcointalksearch.org/topic/m.18663009

That was not a good development IMO... it opens up PIVX to fiat arbitrage.
Like if BTC rises in price, they can get PIVX by BTC->CNY->PIVX in their market,
and dump it on our BTC/PIVX market for more BTC than they started with.

No wonder we lost the amazing stability in price PIVX had.
Back at 50-70k, PIVX was like a rock, I couldn't get any decently sized (>1 btc) buy order filled.
No one would sell to me, always had to buy off the sell books.
Red candles were paper thin.

And now it seems weak hands just won't run out, red candles always have a decent length on them.
I was wondering why we couldn't shake them out, everyone should've been hoarding for MNs.
Now I know it's probably fiat arbitrage.

The thing about having a fiat pairing, it permanently changes a currency.
Instead of being pegged to the BTC price, it becomes pegged to the FIAT (USD) price.
Since people will always be running arbitrage using the fiat markets.

So if BTC does a moon run to $5000 or something ridiculous,
you could always ride that moon rocket in another coin that has no fiat paired market.
The BTC price of the coin would probably remain unchanged.

But a currency with a fiat pairing will most likely stay at the current dollar value instead due to arbitrage
(i.e. in terms of BTC price, it would be crashing)
With a fiat pairing, you lose the ability to rise ALONG with bitcoin, the coin instead starts moving in contrast with it.

e.g. look at ARK, which probably doesn't have fiat paired markets yet.
It's stable as a rock despite BTC price rising.

On the other hand, look at PIVX on the Bittrex charts.
The crash started HARD on April 20 (the day the fiat pair was added)
https://i.imgur.com/sn6rZiv.png

Well... it's there now. And adoption is always good in the long term.
I just wish it was a BTC/PIVX pairing instead of a fiat one.
sr. member
Activity: 359
Merit: 270
newbie
Activity: 11
Merit: 0
Is the amount for a MN still 10k?
legendary
Activity: 2646
Merit: 1722
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Nodes upgraded to v2.2.0
sr. member
Activity: 473
Merit: 250
thanks u for update 2.2
i had my first reward

BR.
hero member
Activity: 750
Merit: 500
...........

Thank you kindly and PIVX to $10,- here we go Cheesy Smiley

https://forum.pivx.org/t/how-to-stake-your-pivx-coins-basic/131

https://www.youtube.com/watch?v=XyIItTCTlZA


happy staking

Thanks for the video link but unfortunately i have a Mac wallet and when clicking on the '' open config file'' , absolutely nothing happens or opens up on my mac...
I have encrypted the wallet, unlocked it etc etc but this open configuration file does nothing..

Any other advice please? Thanks so much! )))

i don't use mac but from off forum: https://forum.pivx.org/t/mac-os-wallet-is-not-staking/202/2
GO --> GO TO FOLDER ---> (type) ~/Library/Application Support/PIVX then find pivx.config open it with text edit then type staking=1

staking=1 is not and never has been a requirement to enable staking on any PIVX branded wallet. Staking is enabled by default, but has internal conditions that need to be met before the "status" will change.
legendary
Activity: 1148
Merit: 1001
...........

Thank you kindly and PIVX to $10,- here we go Cheesy Smiley

https://forum.pivx.org/t/how-to-stake-your-pivx-coins-basic/131

https://www.youtube.com/watch?v=XyIItTCTlZA


happy staking

Thanks for the video link but unfortunately i have a Mac wallet and when clicking on the '' open config file'' , absolutely nothing happens or opens up on my mac...
I have encrypted the wallet, unlocked it etc etc but this open configuration file does nothing..

Any other advice please? Thanks so much! )))

i don't use mac but from off forum: https://forum.pivx.org/t/mac-os-wallet-is-not-staking/202/2
GO --> GO TO FOLDER ---> (type) ~/Library/Application Support/PIVX then find pivx.config open it with text edit then type staking=1
full member
Activity: 138
Merit: 101
Dear Community!! Smiley

I have some questions, who is kind enough to help me please?

I have PIVX in my wallet but it says: ''Staking not Active'' & ''MultiSend not Active''

1. What I need to do to start staking my PIVX in my wallet? Is it mutual exclusive with the MultiSend?

2. What is MultiSend, and what can you recommend for setup settings?

Mostly im just interested in starting to Stake my tokens... unless the MultiSend thing is imperative to do that...


Thank you kindly and PIVX to $10,- here we go Cheesy Smiley

https://forum.pivx.org/t/how-to-stake-your-pivx-coins-basic/131

https://www.youtube.com/watch?v=XyIItTCTlZA


happy staking

Thanks for the video link but unfortunately i have a Mac wallet and when clicking on the '' open config file'' , absolutely nothing happens or opens up on my mac...
I have encrypted the wallet, unlocked it etc etc but this open configuration file does nothing..

Any other advice please? Thanks so much! )))
hero member
Activity: 508
Merit: 501
Thank you dumpers!!! Been waiting for this dip. Ha, thanks for doubling my stash.
legendary
Activity: 1148
Merit: 1001
Dear Community!! Smiley

I have some questions, who is kind enough to help me please?

I have PIVX in my wallet but it says: ''Staking not Active'' & ''MultiSend not Active''

1. What I need to do to start staking my PIVX in my wallet? Is it mutual exclusive with the MultiSend?

2. What is MultiSend, and what can you recommend for setup settings?

Mostly im just interested in starting to Stake my tokens... unless the MultiSend thing is imperative to do that...


Thank you kindly and PIVX to $10,- here we go Cheesy Smiley

https://forum.pivx.org/t/how-to-stake-your-pivx-coins-basic/131

https://www.youtube.com/watch?v=XyIItTCTlZA


happy staking
full member
Activity: 138
Merit: 101
Dear Community!! Smiley

I have some questions, who is kind enough to help me please?

I have PIVX in my wallet but it says: ''Staking not Active'' & ''MultiSend not Active''

1. What I need to do to start staking my PIVX in my wallet? Is it mutual exclusive with the MultiSend?

2. What is MultiSend, and what can you recommend for setup settings?

Mostly im just interested in starting to Stake my tokens... unless the MultiSend thing is imperative to do that...


Thank you kindly and PIVX to $10,- here we go Cheesy Smiley
newbie
Activity: 28
Merit: 0
I have sum PIVX ! so good coin I will buy it more!
legendary
Activity: 1148
Merit: 1001
Will pivx go to 2 $? Please give me speculation about this. Because I am now knocking out a lot of coin pivx

no offense but it's a it stupid to ask such a questions here.

you will find 2 fractions here:
1. the haters/trolls (they will say no and pivx will be dumped to death)
2. pivx fans/supporters (they will say yes and pivx will go to 10$+)

better think about this by yourself and make your own decisions!
otherwise you will only lose money and this counts for all investments especially in wild west crypto

but for the record: pivx was allready a bit over 2$

take care
sr. member
Activity: 1344
Merit: 311
Will pivx go to 2 $? Please give me speculation about this. Because I am now knocking out a lot of coin pivx
legendary
Activity: 1638
Merit: 1011
jakiman is back!
FYI - I have started a post on FAQ for Wallet Issues. Smiley
Only covered 2 main issues so far. Crashing & stuck sync.
I'll cover more as time goes by. Been a very busy week!

https://forum.pivx.org/t/faq-for-wallet-issues/
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