and we go back down , pretty hard as it seems. I really prefer slow steady growth with a good base , the last few days was crazy... in all top 10 alts it seems

My take on this is that Tether probably didn't start out intending to be a scam: if it WAS larceny from the start then why in God's name did they set it up with a visible, open, transparent "looks like a real blockchain" that they publicly issue the fake backed-by-nothing tokens on?  That'd be the most supremely stupid thing they could have done! If it was a scam from the start they'd have set up something to "issue the tokens" privately or "encrypted for your protection" kind of thing.

No, lately I think it started out okay and might even have actually BEEN $1 for 1 backed at the start.  But then "shit happened" and it all got away from them, they started running the printing press to try and reign it back in, bitcoin went naturally parabolic (or they caused it to go parabolic, chicken/egg here) and it got even FURTHER away from them, they're trying to reign it back in *more* by stupidly doing more of the same... and down the black hole spiral we go.

The only big remaining (literal) $64,000 question is: HOW is this possible implosion going to affect all OTHER crypto?

[TinFoilHat ON]

Also IF the alleged "Operation DragonSlayer" is something real, seems to me they're now waiting for a more opportune moment to try again (the weekend "pump & dump" a couple weeks ago was, IMHO, a first attempt that *almost* succeeded... stopped only by a last-minute "unplugging" of the entire Korean exchange)

Their second-attempt will need to be across more than one single exchange and due to the new DAA will have to be fueled by a bit more 'organic' price action too... a Tether Triggered Crash in BTC and/or some kind of CME option for shorting BTC might do the trick... or not... if it's really even possible at all (?)

[TinFoilHat OFF]

Anyway, sorry for a bit off-topic: this is Monero Spec after all.

One way or another I know IF all the shit going down in BTC world eventually means "bitcoin" consumes itself in a giant self-immolation ball of flame, that my little XMR stash will save the day

(Oh, heh, that is... the small amount I have left that didn't blow overboard off the sailboat last summer, still really bummed out about that, dontcha know )

Price is nice and all but I just have so strange felling. Huge difference with Bithumb compared other exchanges. I dont know.  I would give 1 % chance Monero would be $200 now, so I should be endlessly happy as Monero maximalist. But I just dont know.

btc is making a correction i see... wonder how deep this will go... hopefully we see 200 by the end of the year again

Monero has always felt more like the early days of bitcoin than any other altcoin community I have been involved in.


A very good thing that it is making a correction. It was starting to run up too fast. When ever these things start to run away too fast the inevitable correction gets more and more severe.

A shining example of why you should always have a few long shot orders down in the book.

Why haven't we heard anything from wankalone lately It's like he just evaporated. I can't begin to imagine why.

I said I'm waiting prices above $200 in 2018, but it seems we saw the price around $200 this year. This is just amazing for monero society. The demand from assian market is big at the moment and the price will go up further next year, clearly.

Agreed.  Me too.  No, they don't.  Probably.  Almost certainly.  Undoubtedly.

It is unsettling, am feeling slowly alienated too. 

Bleep.

Because after his latest short he is now doing alot of Wanking alone now?



I can't stand the way they can downvote good posts and upvote garbage there the truth gets buried.


Bump my thread in meta.

Here:

dammit search disabled i can't even find it for you.