Yup just lost the 0.01 battle for now - BTC popped over $12K.
Looks like this is going to be ugly
Well, we just lost that unnecessary extra zero again. I would be very happy if we can hang on over that level for now... But I will grant you it could go either way.
Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies. Let's see if it can weather this storm.
I don't like it, but my magic chart has low 0.0080's to low -90s until early December. If it goes below that, it just says 'you have no maps of this area'. Stupid magic chart anyway.
Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If
BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders
If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.
The sync bug did not affect nodes that are online continuously, which is standard procedure for basically every service and exchange. Furthermore, the Monero network continued to operate normally. To reiterate, the following nodes got affected:
- A new node that syncs from scratch.
- Existing node that is currently offline and would like to sync soon.
Furthermore, the bug was fixed swiftly and a new release (that included the fix) was made available within a day.
Additionally, people tend to forget that exchanges and services typically impose a temporary suspension of withdrawals and/or services around a network upgrade as precautionary measure.
I personally feel that people misunderstand the gravity of the recent sync bug and resultantly are making a mountain out of a molehill.