Topic: [XMR] Monero Speculation - page 750. (Read 3314330 times)

There is just a lot of FUD going on of poloniex and ofcourse because of increased traffic on site they could no hire enough support and trained it on time.  Their response times prolonged greatly.

Because of this FUD i started puling my money out 3 days ago, first because i got scared, but latter realised,i keep way to much there, since i dont daytrade at all. I was to lazy and just keep my latest buys on Poloniex.  So sometimes even FUD is not so bad.


PS: I just withdrew some more BCY, an counterparty asset.

I withdraw from poloneix, no problem at all.

And it looks like now its not a rally, but some coins goes up and down.
https://www.coingecko.com/en/price_charts/monero/usd seens to be stabalizing and having baseline

i withdrew btc and nem about 10 hours ago. no problems.

I just successfully withdrew about $650 worth of BTS a few minutes ago.

I would be interested to know of anyone who has been able to withdraw any crypto from poloniex in the past 8 hours or so.

Thanks for the advice. Maybe I shall see you in the NYC meet up to thank you in person!

Thank you - I shall investigate further.

Haha

Zip of site on Github (plus signature) is finally updated with the more recent encryption method.

This sounds very interesting. It looks like it's not allowed to sell assets that you own directly to the IRA LLC. Otherwise you could just create one of these, sell your personal crypto to the LLC at the same price you bought it, then have zero capital gains taxes. Definitely seems good to set one up for future purchases though.

Woke up this morning to see Bitcoin another $100 higher... new ATH yet again, $1850's (pushing to $2000?)

And Monero holding more-or-less strongly to "new floor" (?) about $30

Seems like last few months XMR has been 'racheting up' about ten bucks at a time.

We were pretty stable holding around $7-$10 for a while there, last fall, then we got to $20 recently and stuck pretty strong there for about a month.

Now we just popped up quickly over $30 to (what was it?) about $34 or so?   And holding now to $30 as new floor...?

Seems to me that these "rachet ups" are coming faster however, not spending as much time at the ten-dollar increments maybe.  Anyone else see that or am I just overlaying patterns in my mind on data that don't really exist LOL

I watched every twist and turn of price of virtually every coin at that time, from the rally to the peak, and down again. The total marketcap of BTC fell by around 50% in the first few months after the bust, but the alts got hit much worse, I guess an average of -80% wouldn't be far off. Remember also that BTC was 90% dominant at that time.

On that basis, nothing could protect you from loss in fiat terms, but BTC was the least bad option.

I expect it will be slightly different this time round : I believe its possible that one of the larger alts will be the least bad performer.

Sanity + 1

But it can carry on being irrational for longer than you expect.  Just be prepared for when it stops?

Sure, the alts are driving the this general crypto rally/bubble, whatever you want to call it but you cant seriously think that if btc was down in double figures that we would be seeing $100 ETH, $20 ltc etc etc.

All the market share figures are showing is that the alts are outpacing btc in terms of % gains but the real world $ figures would be orders of magnitudes lower if btc wasn't so high. Imo thats undeniable.

Tethers?  Ha... yeah... no... "unlimited supply, created by the dev team whenever they want, no blockchain? What could go wrong?"  

P.S. {Edit} For anyone unaware: https://bitcointalksearch.org/topic/tether-not-even-a-scam-1881199

You can take the flyer on usdt.

Yeah that's what I was getting at, above, with this idea that any crypto project may be better than dollars if you were to look at it as if the dollar were a newly launched alt-coin (New!  "FedCoin"!!!  Unlimited supply, created by the dev team whenever they want, no blockchain? What could go wrong?)

Even shitcoins with major problems like Dash and ZCash may be able to 'hold value' in the future if it's coming from this worse "FedCoin" thing, LOL


Yeah that's the bad side, again what I was getting at above with the question about 50% Bitcoin & 50% Alts : if things go wrong and the flow reverses there won't be any way to preserve the "purchasing power gains" that we are seeing now (on paper) except by flipping out of crypto and back into the fucking FedCoin dollars.

And I really don't want to do that...

I think this may be true - but not with non-major moves in the price of BTC.  The alts seem to claw up soon after every BTC spike up - implying the orchestra keeps playing for alts while BTC rises or stays strong.  On WallObserver everyone keeps saying 'The end of alts will come with the ultimate rise of BTC' but this 'wipe out and return to BTC' is just NOT happening as they expect.

I don't disagree with ArcticMine but I think it's not one sided; BTC and alts are currently symbiotically linked - but therefore it looks like an overall crypto market bubble - the two parts of the market are ebbing and flowing and feeding each other.   

If BTC were to collapse steeply and go into a bear market, I don't think alts would keep up their current USD values at all - I don't see how they could when their 'cash out value' is basically linked to the worth (and expected worth) of BTC.

So your theory is correct in that the overall market is ultimately BTC-dependent, as is the value of alts - irrespective of the (agreed) differences and genuine alt growing partial autonomy from BTC this time.

If BTC does not (badly) crash but continues to rise, so will the alts and it could go far higher with all the new fuel entering the market.   

If BTC drops badly and sentiment turns - all market caps will lose $ value.

A large part of that is driven by ETH and XRP though (and to a lesser extent XEM and STR), where the majority of available supply is known or suspected to be controlled by a small number of folks. The rise in these coins seems more like a coordinated pump than money actually fleeing BTC imo. To be sure BTC dominance is eroding as more coins find users and speculators, but I suspect this recent drop in the dominance index will correct strongly in fairly short order.

If you look at the all time BTC dominance over time here http://coinmarketcap.com/charts/ you can see that each time there has been a sharp drop it's followed by some correction back up over the following weeks/months. The drop this time was especially steep, but I think the correction will be as well (especially if BTC itself starts to push above and beyond $2k USD).

Actually this crypto rally is driven by alts and not XBT. XBT market dominance is plunging http://coinmarketcap.com/charts/#btc-percentage This is very different from the past.

Why stop there. Though I find it difficult to rationalise a scenario where any of the current alts are worth their $values without this btc rally