I hate all the “top” exchanges a fuck ton, bitforex has something that smells of ponzi, bkex loads like shit and has side “services” of making thier own ico
I think the market is being proped up with the worse the ecosystem has to offer, with 80% of the volume being on bitforex which i simply don’t trust and didn’t even brother to post an announcement here
Like bisq is sitting at “0.06%” of the volume and is double else where
And there is no way a coin at launch is worth 6$ thats half of what eth was at back when the dro was in full swing.
Well yes, my orders havn’t triggered since I never would have bought in when the price gap was what it was 2 days ago and I thought the order books would collapse. I do like money and if this market unbelievably has a high risk and time preference then me despite the immaturity, I don’t have a chance to profit.
I need the price to drop to do my initial buy in. I hardly think thats going to be a issue; I’ll buy in soon enough; I find the current market position to be absurd so.
I find being priced in usdt, not btc or usd or even eth; to be completely absurd. While all mining is Chinese as a rule, I don’t think thats the market for this coin so they need to be moving away from chinese exchanges but they are not.
I am going to throw 100$ at it to arbitrage, but the order book, the fact its price is lower then everywhere else and the general low quality of the ui had me thinking maybe its an exit scam that didn’t even brother programming in an exchange
Yes, I had pretty nice swings in past 2 days (coupled with Bitmesh in particular) – things have calmed down a lot so less opportunities now. TrageOgre being listed on CMC (even if it proves nothing at the end), I was actually more confident with them than Bitmesh (although they’ve shown great support quality) the only odd thing I found was the varying deposit confirmations on Grin… jumped from 60 to 94 to 91 with no reason and since I was in a hurry to get in, I started to formulate some conspiracy theories… probably just a system glitch
the only odd thing I found was the varying deposit confirmations on Grin… jumped from 60 to 94 to 91
Wouldn’t that be from eniterly sane things to do? Figuring out confirmation time from hash rate by gpu renting prices untill its a fairly large number to 51%
I took some screens and will contact support anyway as it was strange that it reverted back to 60 (but I still had to wait these 94 confirms)… Hopefully just a gitch.
While hotbit isn’t great I feel it competing with bkex to be a positive sign; I wish trading incentives would die in a fire so I can make sense of the chart easier but slightly good news
Its easy to make market predictions when its hard to profit off it as a rule.
Free access and adversary systems are the back bone of a healthy knowledge source; 1 day ago 99% of money was in the hands of miners and still mostly is and there isn’t shorting.
I may as well been telling the calothic chruch the earth is round.
I can see a flash crash to 10 cents within the next few months if beam continues to do shit; and miners seem to act irrationally and try the good old buy high sell low.
Staying there on the other hand? I believe in this tech and the shitcoins have been slightly purged, there should be a fair few investors who got burned on ico shit and be reeling from “cipher maxiumism”; grin is hardcore cipher tech but not drinking the koolaid that it alone will be the only force in the world like the dao and ilk was going for; picking up quite a few of those people could easily be a thing and I don’t think they have yet gotten over what I call “unit insanity”, where btc is “expensive” at >1000 but itoa is “cheap” at <1$; coins for less then a dollar get a major unbelievable boost in my opinion. So the idea that good tech would drop below a magnitude less then a dollar long term is a little hard for me to shallow in the current market.
$.10 price for Grin would mean a mktcap around $1.5 million even after 6 months and coin raking 650ish… could happen but would be a quite pessimistic scenario for such a great project in the crypto space.
Excellent, this is indeed a thoery predicting the future with a thoery held together with duck tape and spit, can we get the other nessery element of fighting like children?
