i know its nerve wrecking, but i'm shure our patience will be rewarded, XC is defenatly in a special position, like its hovering between the worlds of P&D trading which it has outgrown, and crypto-mainstream recognition, which is starting right now with coinsource but isn't close to be finished. this results in having few quality investors flowing in on a daily basis on the buy side, and guys that hunt other pumps short time on the sell side. So while the price hasn't entered a real bull market yet the quality of the average XC investor increases daily with more and more focus on long term dedication. 90% off exchanges shows that.
This will make a coming bull trend that we of course all speculate on much more sustainable. I don't make predictions here cause you never know but this long period of strong hands getting XC of weaker hands at stable prices should do us very good in the long run.
I'm not planing on selling even at 10$ for example and i don't consider this view rare in this community. what other coin has that community mindset + technical base + attractive entry price + capable people at the moment? i see none.
so even if its painfull to watch atm this long base period will be gold in the future.
So while the price hasn't entered a real bull market yet the quality of the average XC investor increases daily with more and more focus on long term dedication. 90% off exchanges shows that.
how can you see this? i mean all altcoins are about p&d and as some big investor jump in, mass adoption is pushed foreward through companies that accept the coin for real goods, this hasn't happend for XC by now and as long as there is no adoption, there is no sustainable price imho
if the price stays stable at this level, this coin will die as with this small marketcap it's not possible to create mass adoption. i know people compare this coin with bitcoin in the early days, but bitcoin was the first of it's kind and i wouldn't compare them, as it was possible to buy drugs with bitcoins in the early days (aka silk road). The low exchange volume also shows no real interest by cryptotraders by now.
but i still hope i'm wrong
Well i can't see it , more sense it.
If you are daytrading or lets say weektrading alts to ride waves its way to dangerous to pull your coins off exchange to let them stake. I mean one irc chat fallout or bad news is enough to make the bubble pop with thos P&Ds cause its 90% weak hands. so you want to react quick , i learned my lesson with libertycoin, i read the irc live and was able to get out at a 50% loss. So 90% off exchanges is to me at least an indicator of a more long term dedicated investor crowd, since almost everybody in this forum made the same experience like me with lbx in some coin.
I'm with you on the mass adobtion issue, many altcoins completlly neglect that part. Well XCurrency isn't one of them. While sole currencys like bitcoin are dependent on merchants accepting it xc is already developing additional features that will make it attractive to have the wallet installed on your phone like the chat or now the web content hosting. So this will take the mass adoption part to some extent ot of the mercy of the big merchants into the hands of the consumer. this is the right way to go with crypto 2.0 imo. the merchants will follow the consumer and not the other way around. right now they follow the traders which is not the same thing.
The marcetcap doesn't create adoption it reflects it. XC is in the top 15 of hundreds of altcoins so its not in a bad position here either.