XLM is my favorite coin since 2017, it's thriving and surviving until now. maybe that is good news for all of us.
There is a big difference between a coin surviving and on that is thriving, XLM has survived but we cannot say it is thriving, just look at the charts and you will know that what I am saying is true.
While XLM was able to rise considerably during the last bull run, it failed to surpass its previous ATH, think about it, if you were invested in this coin instead of being invested in bitcoin you lost money, as bitcoin easily surpassed its ATH, and if an altcoin is unable to outperform bitcoin despite its smaller market cap can we say is it thriving?
To me less important than hitting its previous all time highs is its volatility both up and down relative to bitcoin.
Stellar is one of the token platforms I use in the
Galactic Milieu so regardless of how it performs I am in it long term; and unlike the other tokens platform I use, HORIZON (a NXT clone), its trading pairs do not have to use its own native token as one side of the pair. So ultimately people can use it to trade Galactic Milieu assets directly against one-another, no need to use Lumens except to pay the fees.
Since I of course also always used to trade pairs of which bitcoin was one side of the pair, once I reached a scale at which I was able to play with bitcoins and stellar lumens for a while on their way to being cashed out to Canadian dollars I began using my standard strategy, which I have explained over and over again in many venues including on various bitcointalk threads, to trade bitcoins and stellar lumens directly against one-another.
As a pair for my strategy, the downside of this pair is its sheer scale compared to my own scale; I am not a big enough player to seriously "make a difference" yet, building my "buy side" (which remains the bitcoin side and not only because the CAD exchange I mostly use lacks a XLM/CAD pair, having only BTC/CAD remaining - it used to have both) so strong as to personally almost single-handedly "ratchet upward" the value as sales of my column of sell offers feeds my at least twice as "dense" column of buy offers.
Historically my strategy had been developed on pairs of whatever versus bitcoin, with (galactic milieu) assets relative to whose usual scale of activity my own scale was enough to truly make a difference, for example repeatedly driving IXCoin and I0Coin up to a US dollar or more per coin only to have exchange fly by night, claim to be hacked, or even just de-list us, so with those two coins I have "proven" (field-tested) my strategy several times over, absorbing back again seemingly effectively all the hacked/stolen coins and moving onward again on a new platform to repeated success.
Now that I am on the HORIZON and Stellar platforms, no-one can exit-strategy my buy-side loot away from under me so this time I do not expect to be "rug pulled" when I get IXC and I0C back up to a US dollar or more, at least on those two platforms. Whether FreiExchange, which also still has those two coins, will end up doing as their previous exchanges did remains to be seen but there too I continue to apply the strategy.
BTC/XLM is my first test of this strategy "at scale", meaning on a scale of trading-pair in which my own buy-offers column is not itself holding the whole price up; in this pair I am truly vulnerable to the masses deciding to "dump" it down almost endlessly compared to the scale of my own resources. Also it has been slow to get started because I had only grown my buy-side offers column downward to 290 satoshis per XLM last year when both bitcoin and lumens dropped precipitiously but XLM dove deeply, way below the 290 satoshis bottom of my buy offers column, so I was out of that game until a few days ago when, finally, the price moved back into my trading range and now already after only a few days I have made enough that I have been able to build my buy offers in steps of 10 satoshis of price all the way back down to 10 satoshis, so this time if it gets slammed back down deeply I will still be in the game; now my buy side goes all the way I am working on extending my sell side column since currently it does not go much past 1000 satoshis and I'd like it to go past 2000 in next few days before relaxing a little and taking my time to build it more toward some eventual nine or more times as high as I ever imagined it could go (I imagine it could go pretty high ultimately so is any height high enough really?).
Too too many times in the past I have built a sell side up to three times as high as I ever imagined price would go, only to wake up some day and find it had gone up to three times that, leaving me out in the cold.
Monero left me in the cold too when CryptoKingdom got me interested in it, but in that case I had not even built my sell side up to three times as high as I imagined it could go by the time it skyrocketed out of my range.
It is so so important to build your buy offers column way way down and your sell offers column way way up not only because the massive dumps and massive skyrockets are your big profit moments but also because if the price leaps outside your range you are basically out of the game unless you keep a stash of both sides of the pair off the order-books just in case of such an eventuality...
So in summary to me XLM is very good because its constant movements up and down compared to bitcoin lets me profit often multiple times per day up and down, both sides of the pair. Yummy.
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MarkM-
felt like the whale just don't want the retailer, especially new comer to also feel the bullrun.
