yep ..it has 10 times lower price than is should be. Soon as we finish android wallet and REV.2 price will be at Litecoin range in no time
I couldn't agree with you more. Been doing my research and the Dev is talented beyond belief. There used to be a saying in my old workplace that one brilliant coder is better than ten average ones. Plus, the idea of a decentralised anonymous currency is excellent. There is no point having an anonymous currency if its centralised. Just gives it one huge point of failure. Can't see darkcoin holding its market share against XC for long.
PS: has the Dev given a rough indicator of the expected timeframe for Rev 2? He seems to be working really hard and I'm just wondering whether he's started developing it yet, and if he hasn't, how long he expect it to take?
Some of the answers can be found here on XC forum: http://forum.xctalk.com/index.php?/topic/9-qa-week-1-answers/
Soooo. Rev 2 will be out probably around early July time.
As of the last bubble, there was no xnodes and no peer review, and thats just the most notable things, yet the price still hit 0.0005. Now the price has bottomed out from the last bubble, you can see this because of the higher lows we hit everytime. Was 0.00008, then 0.0001011, then 0.0001016 and now 0.000107, plus the 12H MACD is about to go green for the first time since the end of the last bubble.
If I'm right were gonna see a slow and gradual rise up to 0.0002 over the next week and then a new bubble form that's going to take us up well past 0.001 in anticipation of Rev 2.
Exciting.
I can nearly +1 with you on this.
Only issues are, that the MACD is only crossing because bitcoinwisdom only has data upto the end of the last bubble. MACD is a lagging indicator, but it won't work properly until a full data set is achieved.
Secondly, the 0.000107 bottom could be broken. 0.000103-0.000105 is still possible. You using slightly too small time frames, but you are correct, the lows are getting higher and higher, this is a perfect sign after a crash.
Thirdly, while I agree on your philosophy that people will buy in anticipation and sell on delivery, I still think to break 0.001 Rev 2 will need to be released. We need a fully functioning advantage over the other anonymous currencies before we can overtake them. It's coming though, I have no doubt about it.
Anyways, yes, we have bottomed. Yes, we are slowly rising. Yes, bubbles form after slow rises.
Got a good feeling about the next month. Think 0.001 is more likely than not. Was going to sell in a couple of weeks and then rebuy at a later date but didnt realise Rev 2 was only a few weeks away.
Got my phone alerts set up when the price hits 0.0002. Expecting it soon. Will post another update then. You don't lose 80% of your value on a solid investment without the price at least doubling after that 80% loss. Shortly after.
Also, If anyone wants to sell blocks of over 50k+ XC please let me know. I've got a few ex colleagues who are interested in building a stake. Escrow only.
Hope you all have a splendid week.
Peaceeeee