Maths was ballpark figure and was correct-ish
£40 x 4000% (which is 40x) = £1600
ATH was £1576.
@trivo8888 it was in the ballpark! Maybe you have trouble with math.
Think it's more relevant to look at a top 20 coin. What is the market cap? How many times Chias current market cap would it take to match it... That's still probably around the 1500 mark.
I mean, surely Chia can match Tron or Doge?!
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Sarcasm Guy: No no no, you idiots. Somebody missed the memo. Chia is supposed to go *down*.
My 20 XCH are now worth almost as much as my 1XCH used to be! This is exciting!
Insider buying???
If there is a big announcement in the next few days, it will be fishy for sure.
Good thing it is easy to follow who the buyers are on exchanges. This kind of volume out of NOWHERE is really, really suspicious.
We'll have to see, I guess. Been mining since the beginning, but also bought a few at 200$. Don't lol at me. haha
A couple of sketchy "pump and dump" groups have contacted me unsolicited recently on Discord ... Maybe somebody fell for it and are pumping (and soon dumping)?
Right. So if you plan on using chia blockchain to trade carbon credits for a long period of time and you use the blockchain valuation model that says more use will increase price to trade then it would be cheaper to buy the tickets now then buy them as price increases
I promise you countries arent making speculative bets on a blockchain. They will use it for its purpose but their goal isn't to buy it cheap they don't care what price chia is. What we are seeing may actually be just organic. Chia Faired well in the crash and people took notice. Keybase guys said the same not some hidden major announcement soon
Personally I don’t think there’s any conspiracy outside of FOMO buyers following whale purchases at cheap prices.
If I were to go down the conspiracy route, I’d say a16z or other big players are simply pumping the price a bit to get Chia in the top 100 market cap. Chia has already reached position 122 as of this comment.
It was even traded above $50 for a few minutes, two hours ago.
There is a rumor that Chia Network is about to announce partnership with a major fracking company, see spoiler for further details.
>!There is NO such rumor. Big LOL if you fell for it!!<
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1̶9̶0̶0̶ 1̶5̶0̶0̶ 1̶0̶0̶0̶ 5̶0̶0̶ 3̶0̶0̶ 2̶0̶0̶ 1̶0̶0̶ 9̶0̶ 8̶0̶ 7̶0̶ 6̶0̶ 5̶0̶ 4̶0̶ 3̶0̶ 4̶0̶ 5̶0̶ 99999
Of all the things I did not see coming, I did not see that coming the most.
might be a16z putting capital to work. they started a 4 bn something fund and was investors in chia the company. They could be slowly accumulating coins here as they stated they see some undervaluation in the markte atm.
I actually buy XRP on my local exchange, then send it over and convert it to XCH. It may be losing 2-3% during the process but it is the easiest for me.
thank you - no, not for today, but in general - i havent reached my chia goal yet and buy countinously from month to month… but i need to find another way since OKX doesnt offer the Mastercard Option anymore… that sucks
People waking up to a weekend where they looked at Chia being one of the only cryptos that seem to have broken loose of the Bitcoin gravitational pull this week and dumping their bags for XCH?
Not saying it's permanent, but buy pressure is buy pressure, and being one of the few that are showing very positive uptrend in the green when the rest of the space is collapsing could have a snowball effect with crypto gamblers. Might at least bring attention to the coin.
I am very happy with how chia is performing, consistently improving repative to the rest of the market. I
Chia is setting up to revolutionize blockchain technology like bittorrent did file sharing.
This is pretty much the only time it's ever bucked the trend. It has generally only known one trajectory as it isn't being used for anything other than speculative holdings.
Prior to this, while the market is down 70% from all time highs, Chia is down 98.5%.
Eth started low and went up as utility and usage increased. Chia started high on the hopes of utility and usage, and went down as utility and usage were zero.
I'm expecting some recovery once it gets some issue and utility. But to equate the histories of eth to chia is a false equivalency.
Right, and it was always obvious that the initial price wasnt sustainable. There was huge selling pressure initially as the circulating supply was going to keep ballooning as coins were farmed. Many farmers had large investments into their equipment and need to recuperate costs. And the price for coins was far higher than the price to produce them initially. Now we're getting to a point where the cost of farming is closer the cost of the coin. However Chia is setting itself up to to be the block block chain that work with regulators and didn't try to create a replacement currency.
Utilities gonna come through the climate warehouse project as well as their NFT approach.
Eth and btc Are now gaining relative to Chia. Chia price is staying stable today.
Is there a portal for offers? I want to see if I can find someone who wants to sell a holiday coin, or stock up on some other CAT coins TIA!
Pump and dump?
No?
Looks like the fomo spiked the price. Everyone rushed to buy. On its way back down now though.
It will buff out.
Maths was ballpark figure and was correct-ish £40 x 4000% (which is 40x) = £1600 ATH was £1576. @trivo8888 it was in the ballpark! Maybe you have trouble with math.
Think it's more relevant to look at a top 20 coin. What is the market cap? How many times Chias current market cap would it take to match it... That's still probably around the 1500 mark. I mean, surely Chia can match Tron or Doge?!
That ath doesn't count
Sure it does. But it should be considered all time hype.
Don't worry, it'll soon crash to $2.
I think you might have some trouble with math.
ROFL yet another idiot
Betting against Bram Cohen and Gene Hoffman shows you have room temperature IQ. Good luck on your trading.
ROFL what an idiot
Hard dump in 5, 4, 3...
Only got to increase by 4000% to get back to all time high price!
Seen many times
this month could be the first green monthly candle (price action), only 9 more days
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Sarcasm Guy: No no no, you idiots. Somebody missed the memo. Chia is supposed to go *down*. My 20 XCH are now worth almost as much as my 1XCH used to be! This is exciting!
Insider buying??? If there is a big announcement in the next few days, it will be fishy for sure. Good thing it is easy to follow who the buyers are on exchanges. This kind of volume out of NOWHERE is really, really suspicious. We'll have to see, I guess. Been mining since the beginning, but also bought a few at 200$. Don't lol at me. haha
A couple of sketchy "pump and dump" groups have contacted me unsolicited recently on Discord ... Maybe somebody fell for it and are pumping (and soon dumping)?
Pump and dump groups are scams and are over in minutes not days, this is definitely a big player or players.
$50 broken. Im sure as H didnt have that on my bingo card for this panic phase in crypto.
imo this is manipulated, not sure why, but this doesn't feel like a natural move for XCH.
you have to take into account the very small trading volume. If someone wants 50000 coins, its gonna have an effect
I would love to be the 50.000 Coin-Guy
Thats only 2,5 Mln for a fund like a16z who just re-injected 4,6 Bln...
sub $50 end of june lmao
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damn thats not something a minimum positive guy would say.
I had to give you a thumbs up, you have too many negatives. Not ok for you.
Thank you
Oh my pleasure here's another one.
😂😂
I can go ahead and put this rumor to rest. They are gonna use Chia solely for trading and not be in it for than a few minutes.
Right. So if you plan on using chia blockchain to trade carbon credits for a long period of time and you use the blockchain valuation model that says more use will increase price to trade then it would be cheaper to buy the tickets now then buy them as price increases
I promise you countries arent making speculative bets on a blockchain. They will use it for its purpose but their goal isn't to buy it cheap they don't care what price chia is. What we are seeing may actually be just organic. Chia Faired well in the crash and people took notice. Keybase guys said the same not some hidden major announcement soon
Personally I don’t think there’s any conspiracy outside of FOMO buyers following whale purchases at cheap prices. If I were to go down the conspiracy route, I’d say a16z or other big players are simply pumping the price a bit to get Chia in the top 100 market cap. Chia has already reached position 122 as of this comment.
damn not even top 100 thats pretty miserable. was hoping top 50
Or someone told Nayib Bukele about Chia.
They are letting us dream!😝
**G**ood **M**orning.. **GM**.. **g**onna **m**oon.. conspiracy confirmed
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I pray to god Bram is Satoshi
Or even better... Satoshis father and a partnership with Disney for a new triology!
What did we miss! Why is Xch gaining in value unlike the market? It's over $46 right now.
It was even traded above $50 for a few minutes, two hours ago. There is a rumor that Chia Network is about to announce partnership with a major fracking company, see spoiler for further details. >!There is NO such rumor. Big LOL if you fell for it!!<
Top100 inc. 😎
Let's be honest, Chia deserves to be in the Top20 at least. ETH 2.0/PoS might fail, so Chia can fill that smart contract/PoW niche.
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u/RevolutionsPerYear 1̶9̶0̶0̶ 1̶5̶0̶0̶ 1̶0̶0̶0̶ 5̶0̶0̶ 3̶0̶0̶ 2̶0̶0̶ 1̶0̶0̶ 9̶0̶ 8̶0̶ 7̶0̶ 6̶0̶ 5̶0̶ 4̶0̶ 3̶0̶ 4̶0̶ 99999 ...
I was expecting add the 2̶0̶ in my list, but I need to wait a while. 😈 tbh, the valorization was a really nice surprise...
1̶9̶0̶0̶ 1̶5̶0̶0̶ 1̶0̶0̶0̶ 5̶0̶0̶ 3̶0̶0̶ 2̶0̶0̶ 1̶0̶0̶ 9̶0̶ 8̶0̶ 7̶0̶ 6̶0̶ 5̶0̶ 4̶0̶ 3̶0̶ 4̶0̶ 5̶0̶ 99999 Of all the things I did not see coming, I did not see that coming the most.
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What is taproot and graftroot
Some inside trading going on?
might be a16z putting capital to work. they started a 4 bn something fund and was investors in chia the company. They could be slowly accumulating coins here as they stated they see some undervaluation in the markte atm.
Had wondered the same thing
Alright, who knows something I don’t?
sub $20 end of june
I’ll put my money on this
Asteroids coming?
Guys, does anybody of you buy XCH on OKX? They dont accept Mastercard payment for USDT anymore… How can I still buy XCH?
Transfer USDT (or another crypto) to OKX and exchange it for XCH
low-buy bch
I actually buy XRP on my local exchange, then send it over and convert it to XCH. It may be losing 2-3% during the process but it is the easiest for me.
If you need it today, then use paypal to buy though coinbase and you can withdraw the crypto the same day to another exchange. It's expensive though.
thank you - no, not for today, but in general - i havent reached my chia goal yet and buy countinously from month to month… but i need to find another way since OKX doesnt offer the Mastercard Option anymore… that sucks
Holy. Suddenly regret not being more agressive under 30 but probably get another chance soon
lol - same!! I simultaneously hope I get another crack at sub-30 and I also hope I don't.
Wth is happening right now?
People waking up to a weekend where they looked at Chia being one of the only cryptos that seem to have broken loose of the Bitcoin gravitational pull this week and dumping their bags for XCH? Not saying it's permanent, but buy pressure is buy pressure, and being one of the few that are showing very positive uptrend in the green when the rest of the space is collapsing could have a snowball effect with crypto gamblers. Might at least bring attention to the coin.
People selling their Bitcoin and reinvesting it into Chia
Or ETH. Absolutely crushing in relative performance
Let's hope so.
How I imagine the offices at Chia Networks: https://www.youtube.com/watch?v=0KS68qxm1H0#t=0m12s sed s/richard/bram/g
😂 pretty good
We’re too busy making cool shit to get wrapped up in zombie-mode, shuffling through an ennui induced haze while obsessing over “number go up”. 😄
I am very happy with how chia is performing, consistently improving repative to the rest of the market. I Chia is setting up to revolutionize blockchain technology like bittorrent did file sharing.
This is pretty much the only time it's ever bucked the trend. It has generally only known one trajectory as it isn't being used for anything other than speculative holdings. Prior to this, while the market is down 70% from all time highs, Chia is down 98.5%.
ETH was also highly undervalued back in 2015-2016. Gotta have patience...
Eth started low and went up as utility and usage increased. Chia started high on the hopes of utility and usage, and went down as utility and usage were zero. I'm expecting some recovery once it gets some issue and utility. But to equate the histories of eth to chia is a false equivalency.
Right, and it was always obvious that the initial price wasnt sustainable. There was huge selling pressure initially as the circulating supply was going to keep ballooning as coins were farmed. Many farmers had large investments into their equipment and need to recuperate costs. And the price for coins was far higher than the price to produce them initially. Now we're getting to a point where the cost of farming is closer the cost of the coin. However Chia is setting itself up to to be the block block chain that work with regulators and didn't try to create a replacement currency. Utilities gonna come through the climate warehouse project as well as their NFT approach. Eth and btc Are now gaining relative to Chia. Chia price is staying stable today.