NANO (ex RaiBlocks)

seannash · 20-01-2018 06:57PM

Price seems to have hit a plateau right now

WhiteMemento9 · 20-01-2018 07:17PM

seannash wrote: »

Price seems to have hit a plateau right now

I would say loads of people kicked themselves when the price plummeted below $20 for not selling off for profit and are now doing so at the first available opportunity so loads of resistance at that price level.

The trading volume is also ridiculously low. For comparison.

20 RaiBlocks $2,581,085,986 $19.37 $16,336,700 133,248,289 XRB * 3.82%
21 VeChain $2,249,726,324 $7.80 $229,219,000 277,162,633 VEN * 36.72%

What a difference a Binance makes.

Tinder Surprise · 20-01-2018 07:36PM

WhiteMemento9 wrote: »

What a difference a Binance makes.

Just watched today's speech on YouTube from the Binance CEO.

Some mind blowing figures seeing they're only up and running 6 months;

They registered 230k signups an hour
40k transactions a second.

They're a fooking juggernaut and soon to be #1

lordlame · 20-01-2018 07:42PM

Gonna invest some more, currently €16 a pop, time will tell!

EagererBeaver · 20-01-2018 08:27PM

Tinder Surprise wrote: »

They're a fooking juggernaut and soon to be #1

On what criteria? And how have you arrived at this conclusion?

Matt Simis · 20-01-2018 10:12PM

EagererBeaver wrote: »

On what criteria? And how have you arrived at this conclusion?

He is talking about Binance? They are doing exceptionally well in the Crypto-Crypto world.

EagererBeaver · 20-01-2018 10:17PM

I know he is - my questions are still valid.

How do you measure what "#1" is? Volume traded? If so, volume of what?

I love the range of coins available on Binance but I am very, very cautious of it. The lax approach to KYC is worrying.

WhiteMemento9 · 20-01-2018 10:38PM

EagererBeaver wrote: »

I know he is - my questions are still valid.

How do you measure what "#1" is? Volume traded? If so, volume of what?

I love the range of coins available on Binance but I am very, very cautious of it. The lax approach to KYC is worrying.

They are able to be lax towards KYC because they don't accept fiat despots. I believe the more stringent rules only apply once you accept fiat as a means of funding accounts. This will change I am sure.

Volume is pretty easy to measure surely?

https://coinmarketcap.com/exchanges/volume/24-hour/

I will say that I don't believe Binance is some golden ticket that people should be investing based upon and I think it could easily go the other way and the whales have the first chance to sell big and it tanks the price. More volume though over time should give a truer reflection of the price and if we survive implosion of the crypto markets between now and then I can't see how this isn't one of the more valuable projects in the space.

grindle · 20-01-2018 10:47PM

WhiteMemento9 wrote: »

I will say that I don't believe Binance is some golden ticket that people should be investing based upon and I think it could easily go the other way and the whales have the first chance to sell big and it tanks the price. More volume though over time should give a truer reflection of the price and if we survive implosion of the crypto markets between now and then I can't see how this isn't one of the more valuable projects in the space.

The only way Binance fails is by not updating their systems fast enough, not hiring enough people and Kyber Network - if Ethereum gets Casper soon. Otherwise, BNB is constantly going to have buy pressure, it's too good of an exchange.

WhiteMemento9 · 20-01-2018 10:53PM

grindle wrote: »

The only way Binance fails is by not updating their systems fast enough, not hiring enough people and Kyber Network - if Ethereum gets Casper soon. Otherwise, BNB is constantly going to have buy pressure, it's too good of an exchange.

That isn't what I mean. I am not talking about Binance at all. Due to the nature in which XRB has risen so fast and on such small exchanges. People have large numbers to sell. That hasn't really been possible on other exchanges due to lack of volume in which sell walls would completely tank the price which is of no benefit to them in the long run. Also it has been hard to make large withdrawals with the restrictions in place on these exchanges. You will find some of these whales trying to dump that volume on Binance. That will be countered with larger levels on the buy side but it really is a waiting game to see just how that all plays out.

grindle · 20-01-2018 11:01PM

WhiteMemento9 wrote: »

That isn't what I mean. I am not talking about Binance at all. Due to the nature in which XRB has risen so fast and on such small exchanges. People have large numbers to sell.

I'm bullish on XRB so I wouldn't sell anywhere near this low at all if you have patience and don't mind waiting a bit. It's not going to dump forever, it's an ongoing project, this market will continue to get larger until all methods of tokenised distribution or distributed tracking get milked. Years away.

WhiteMemento9 · 20-01-2018 11:07PM

grindle wrote: »

I'm bullish on XRB so I wouldn't sell anywhere near this low at all if you have patience and don't mind waiting a bit. It's not going to dump forever, it's an ongoing project, this market will continue to get larger until all methods of tokenised distribution or distributed tracking get milked. Years away.

I am deep in XRB so I share the optimism on it as a project. I just hope the market survive long enough to realize that promise.

I don't share it on these crypto markets in general. I do believe in crypto itself and in the very long term but at some stage these markets are going to have a almighty proper correction. That could be tomorrow or it could be years away. No one really knows. 99% of the project in this space are an absolute load of horse**** with ridiculous valuations.

grindle · 20-01-2018 11:12PM

WhiteMemento9 wrote: »

I don't share it on these crypto markets in general. I do believe in crypto itself and it the very long term but at some stage these markets are going to have a almighty proper correction. That could be tomorrow or it could be years away. No one really knows. 99% of the project in this space are an absolute load of horse**** with ridiculous valuations.

The way I view it, with most coins tagged and uprising due to BTC or ETH's strength, the real total cap is somewhere from $200b-$300b based on the idea that a certain amount just aren't moving coins or they're dead owners, off-blockchain or otherwise.

Tinder Surprise · 20-01-2018 11:21PM

EagererBeaver wrote: »

I know he is - my questions are still valid.

How do you measure what "#1" is? Volume traded? If so, volume of what?

I love the range of coins available on Binance but I am very, very cautious of it. The lax approach to KYC is worrying.

I concur, they're soaking up subs without the proper KYC in place but they sure do know their market.

They know the majority of their new sign ups will never hit the daily restrictions.

as to why I think they'll be #1 soon...market share!

There is nothing I can see that can stop their current trajectory.. other exchanges have had speed wobbles, yet all they've had to do was close new reg for a week, and when they re opened they've been breaking records weekly.
I'm not here to promote anyone, say if it's right or wrong,or anything!! but their market share speaks for itself.

Wombatman · 22-01-2018 03:30PM

lordlame wrote: »

Gonna invest some more, currently €16 a pop, time will tell!

$14 now. My largest holding. Been a dog for weeks and in that time has gone to Kucoin, Bit-Z and other larger exchanges. So much hype and promise but not being reflected in the price.

seannash · 22-01-2018 03:49PM

Wombatman wrote: »

$14 now. My largest holding. Been a dog for weeks and in that time has gone to Kucoin, Bit-Z and other larger exchanges. So much hype and promise but not being reflected in the price.

Yeah its very strange but I cant help think that the crash affected it.
I bought twice and one time was at the height. Not optimistic that the listing on Binance will get it back to an ATH like I originally thought when I heard the news.
I haven't seen any news on any Crypto cause it to moon since the crash really in general.

Tinder Surprise · 22-01-2018 03:57PM

seannash wrote: »

Yeah its very strange but I cant help think that the crash affected it.
I bought twice and one time was at the height. Not optimistic that the listing on Binance will get it back to an ATH like I originally thought when I heard the news.
I haven't seen any news on any Crypto cause it to moon since the crash really in general.

The tide has gone out for everyone so now is not the time to be hasty - but yea, really hope Binance gives it the boost it needs but too close to call imo.

OldHouse · 22-01-2018 05:20PM

seannash wrote: »

Yeah its very strange but I cant help think that the crash affected it.
I bought twice and one time was at the height. Not optimistic that the listing on Binance will get it back to an ATH like I originally thought when I heard the news.
I haven't seen any news on any Crypto cause it to moon since the crash really in general.

The issue they were having on exchanges had a negative impact, but I think they have sorted that now.

lordlame · 22-01-2018 07:27PM

All tanking - the link to BTC is strong

h0neybadger · 23-01-2018 11:30PM

Took a gamble. Sold all my Raiblocks to BTC on Sat morning.
With the drop in BTC and Rai, bought back in just now.
Got a lovely gain from it.

Going to hodl my Raiblocks now in prep for Binance listing and hopefully make some good gains.

Still pretty much all in on Raiblocks... :pac:

SteelyDanJalapeno · 24-01-2018 12:26AM

h0neybadger wrote: »

Took a gamble. Sold all my Raiblocks to BTC on Sat morning.
With the drop in BTC and Rai, bought back in just now.
Got a lovely gain from it.

Going to hodl my Raiblocks now in prep for Binance listing and hopefully make some good gains.

Still pretty much all in on Raiblocks... :pac:

Would you have made a bigger gain if you sold into usdt instead? Since you said btc dropped anyway.

Nano rebrand coming soon

Tinder Surprise · 24-01-2018 08:51AM

If/when Lightening Network for BTC eventually gets rolled out then that totally undermines the fundamentals of Raiblocks, No?

also with Ethereum getting it's own version of Lightening with Raiden Network does that also further hobble the attractiveness of Raiblocks?

or am I not seeing the whole picture here?

I'm still holding but with the idea of selling at a x2 gain.

seannash · 24-01-2018 08:55AM

Tinder Surprise wrote: »

If/when Lightening Network for BTC eventually gets rolled out then that totally undermines the fundamentals of Raiblocks, No?

also with Ethereum getting it's own version of Lightening with Raiden Network does that also further hobble the attractiveness of Raiblocks?

or am I not seeing the whole picture here?

I'm still holding but with the idea of selling at a x2 gain.

I think zero fees has a part to play as well.

Tinder Surprise · 24-01-2018 08:57AM

seannash wrote: »

I think zero fees has a part to play as well.

Lightening will offer fee of 1% of .1c$

SteelyDanJalapeno · 24-01-2018 09:00AM

Raiblocks is up and running with a good product, Lightening is all talk for now.

Tinder Surprise · 24-01-2018 09:05AM

SteelyDanJalapeno wrote: »

Raiblocks is up and running with a good product, Lightening is all talk for now.

Not what im seeing...Will try and dig it up but seen a video this week of first paid transaction complete using the network.

Again could still be miles away and won't be realeased til the security is assured beyond any reasonable doubt, but Raiblocks is ahead of the game and needs to keep an eye on those behind along with many other coins offering such services I suppose.

I just have a feeling that when Lightening Network is released it will act as a filter and render lots of these services redundant, so it's all about timing for me.

WhiteMemento9 · 24-01-2018 09:28AM

RightBTC has the highest volume of RB trade in the last 24 hours. Seems pretty strange given that it had next to no volume of RB trade up until yesterday.

WhiteMemento9 · 24-01-2018 12:27PM

This is falling off a cliff. At least the price seemed to have stabilised and was just moving sideways wit BTC but today it has just gone below 120k sats wit little resistance. Worrying stuff. Some good news is needed quick.

Wombatman · 24-01-2018 12:41PM

WhiteMemento9 wrote: »

This is falling off a cliff. At least the price seemed to have stabilised and was just moving sideways wit BTC but today it has just gone below 120k sats wit little resistance. Worrying stuff. Some good news is needed quick.

Tanking. Any bad news driving it?

DVD-Lots · 24-01-2018 12:42PM

At 107k sats on Kucoin and no sign of slowing down. Could it go under $10? Great time to buy more if only I had spare cash!

Devs are giving daily updates and it sounded positive so not sure what's causing this..........

NANO (ex RaiBlocks)

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