@Egghead
@BitcoinPlusBus
Is anybody else over here a little worried about the apparent shrinking of buy support on Polo's market depth view?
Of course i'm aware this is not the first time happening and was similar in the past on several occasions also.
Something else which i think is a bit scary is the tough competition between the different altcoins.
If i recall right, in february of this year, the #100 ranking on coinmarketcap just required about $1.1m market-cap,
while currently the #100 ranking on coinmarketcap requires already a market-cap of $8.8m !!
If this remarkable pace of growth is a lasting trend, then without exaggeration, by year-end it may require a market-cap
of $100m just for the #100 ranking on coinmarketcap, which i think is a frightening perspective, to say the least.
But this might be exactly what we are up against, and sadly it may be a race against time itself.
And nothing short of some multi-facetted, ingenious maneuvering may keep us mid-term even within #200 rankings.
I sure don't have the answers myself, on how to outgrow the tough competition, so please forgive me, i'm just writing
down some thoughts, without intention to spread any negativity whatsoever.
But what XBC may need, in order to keep and defend its global ranking, is a constant and more regular influx of fresh capital.
@rushmybitcoin
May i ask you, when you made contact with BTC38, were you able to quantify a specific amount of bribe money, they
would ask for an instant and
permanent listing of XBC (without the possibility of a delisting) ??
BTC38 is probably the best chinese altcoin exchange and with the highest volumes and biggest selection of altcoins in China,
and one of the two asian exchanges which would help XBC the most.
If we could get listed on BTC38, i could help to put up some XBC liquidity there, by using a portion of my retirement savings
to buy XBC tokens from Polo and send them to BTC38 (on a daily basis), while using the CNY sale proceedings to buy BTC
there and send them back to Poloniex in order to buy more XBC to transfer there.
It could be a little annoying, but i would do it, if it helps.
And maybe we could negotiate with BTC38 to set the commissions to zero, just for the account that constantly brings in the
XBC tokens and needs to recycle the sale proceedings for keeping doing so.
The other asian exchange which i'm sure would bring in literally insane amounts of volume, is japanese #1 exchange COINCHECK,
considered to be the "japanese Poloniex" there.
https://coincheck.com/exchange/Japan is surpassing China in cryptocurrency trading volume and fast becoming the asian crypto stronghold #1.
There is an article, suggesting that there may be a hidden link or a covert relationship between U.S.-based Poloniex and
japanese COINCHECK exchange, or that Poloniex may even secretly own or partially own COINCHECK, or have some other
vested interests in this japanese #1 exchange.
You may find it interesting to read:
https://medium.com/@coin_and_peace/additional-evidence-for-the-japanese-led-cryptocurrency-bubble-2c13ab2a4d49If there is something true about these rumours, and there really is an already established relationship between Poloniex and
COINCHECK, it could mean, that there could be a relatively easy way, to give the japanese audience FULL ACCESS to the
Poloniex liquidity of XBC tokens. And this could make all the difference for BitcoinPlus, if we succeed in getting it listed over there.
And Poloniex may be in a position to even "force" COINCHECK to list us, despite we are much smaller than most other listed coins
on COINCHECK.
Depending on the depth of their relationship or ownership relations, there could really be an easy way to give to the japanese
access to Poloniex liquidity, almost directly, yet them using simply the localized, Japan-based "Polo" to buy it.