Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 96. (Read 1484218 times)

Speaking of altcoins versus BTC here is an interesting thread.
https://bitcointalksearch.org/topic/bitcoin-will-inevitably-fail-as-altcoins-suceed-831879

we need to release a bitcoin wallet with the xbridge incorporated this will destroy the sidechain thing and recognize XC as the market leader.

Seems like a lot of altcoins have taken a hit since the sidechains whitepaper came out.
At some point I imagine people will begin to focus on the problems with sidechains too.

Guys, guys, guys...

Let me help you understand why the price has taken a hit. KimmyF said it really well yesterday.

You have to remember that this coin is only 5-6 months old and that some people got ahold of massive amounts of XC in the early POW phase by mining it or buying it for 10k satoshi or less.

KimmyF is pretty sure that the coins being moved to the exchanges this week are linked to that early POW phase.

So, the price took a hit this week because someone who got into XC real early as a buyer or miner is dumping on us with a ROI of ~10x or more.

Why are they dumping now, you ask? Why now, when the price was higher months ago?

Who knows? Maybe fiat is needed now and it wasn't before. Maybe they are unsure of how they feel about XC as it matures and are hedging their investment and cashing some of it out. Maybe they have taken to another project. Only the dumper(s) know(s).

The point is that a handful of people own a large percentage of the coin supply and if those people for whatever reason want to cash out they are going to do so and if buy support is low like it has been post-Mintpal, the price will go down.

I said last week that maybe we saw a giant double-bottom at ~80k satoshi (one in June and one in October).

One week later I would say that perhaps it would behoove us to consider this as the retracement we have had coming since May/June when the price skyrocketed from 10k satoshi to 400k+ satoshi in a short period of time. Retracements are natural as those who got in early take profit.

If you feel good about XC and its fundamentals at this point in time, consider this market cycle a good sign. The coins are being distributed more evenly and at a much more reasonable entry point for new investors.

It's time to set some low buy orders until these early adopters are done cashing out. The XC team will keep delivering great technology and once these early birds are done dumping, the market will find its way back to that healthy uptrend.

we need to get XC here

http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/

Hey guys,

Been following XC for a long time, in fact I believe it was the first alt-coin I really became aware of and interested in (was just a bitcoin guy before that). Haven't been active in this thread though, just lurked behind the scenes for many months. I hold a chunk of XC and have only bought more since this price dip.
I don't understand the reason for XC price going down, but I look at the Devs (Dan's) track record and it seems he always comes through and produces releases constantly, he has an excellent track record. With every other coin being a shitcoin right now, I think there is tremendous value in coins which have a long proven history of positive progress.

Basically in short, I just want to say keep up the good work. This is a good community, and the excellent coin, and I'm excited to see what Blocknet and XC has to offer in the future. I have full faith it'll be a looooong term coin, and we'll be discussing it many years from now!

Cheers

havent gotten a mining payout from the XC multipool since 10/24/2014. weird how that works as the price of XC drops. Moving my rigs else where. Still a supporter and long time holder of XC but why waste my damn energy. Ill let PG&E rape me as long as i get XC but i get no XC love from the multipool. I know its still in  Beta but its just ironic. my 2 cents

XC ftw

We are in coindesk
http://www.coindesk.com/all-things-alt-syscoin-team-emergency-injunction-moolah/

Maybe you have not read the releases properly, but without XC there is no xbridge....which is what the blocknet is built on.

Yes but of course the future sustained value is already there, everyone is looking at monetary value at this point in time.  With regards to investors, investors like to see a flavour, a taste that will last, the seed which can reproduce but always sourced back, has greater value that anything it becomes.  Think coke, cherry , diet , max and nothing else, it's all pre-programmed.  Think Coke, always think XC currency, the seed will now grow because it must do as it will.  It's important to remember, will only ever be a reproduction, not the original space occupied originally.  From beginning to destination always look at the window, the route will only ever be interpretation of the impulse only the wise understand.  As dark lifts leaving a stillness only the birth will emerge.  Connect together that which we have not thought to use and a distinction. Will occur birth of the fountain.  Bye Bye max curator, want i do on the yellow brick road.  To call a cook a chef, and grain of rice a mountain.  What is it, it was is.

No thanks.

Scary when they dump hard. Already down 50% with what I own now. Sometimes they don't come back.

Trap is ready, c'mon dumpers!
Bring us your coinz  !

Well noted... ALL or NOTHING.
I can not look any more at those orders filing in at 74K
Just deposited some more BTC's , even I've  reached my XC purchase plans quite some time ago.
72K !  It's a steal.
Will put some limit orders at ~60k ~50k and 40 k. Maybe even lower. Who knows....
BITTEX is so slow.... 1 conf on bittrex, while 4 already on BTC blockchain

I think you misunderstood the tone of my post. I thought the "put in orders for more" part made it clear.

Wtf have you smoked brother...

XC has one of the fastest development out there. 5-6 releases per month. Everything is still in beta phases. The code and releases frequencies are speaking for himself.

Haha!

I honestly was joking. What difference would it make getting reassurance from a team I don't already trust?

Anyway I totally agree with your last paragraph. I'm in for the long term and am still buying on the lows. My +1000 was about the mobile wallet. But then, I guess when its ready its ready. Im just being impatient and bored basically.

I feel like XC is an all or nothing type coin. Either Dan is a psychotic liar and XC is worth nothing, or he is an honest experienced dev who knows what he is doing and XC will be worth 100 million minimum. I've made my bet and put in orders for more.

Please DAN Can you come here and pump your shit coin to the moon so I can turn my .2 BTC into MIRRION.

If you don't pump it fair and square I'll come here every fucking day and +1000 every post whining about my coin losing value. Please DAN PLEASE. lol



Notice the lol.


Serious time now... We are in a speculative era. The only way for any coin to gain real value is to offer some kind of services to the general population. This isn't going to be done overnight and it's going to take a lot of time. Coming here whining every day is just contributing to the FUD effect and will never ever help your cause. If you want to coin to at least stabilize you guys have to stop to act like drama queens and think positive. Forget about the price, take your pill and wait like everyone else or better try helping. This is a very risky market and you bitching only contribute to more FUDDING. Kindergarten is this way ->>>

This is a good idea. 

We all need a drink