Stellar bitcoin stock
Let's say you're holding , XLM. My expectation is that XLM's market cap will shrivel further in the days after the dilution. That's because you're going to have lots of sellers and not a whole lot of buyers. This problem will be exaggerated by the method stellar's using to distribute the new coins by giving it to bitcoin holders. My guess is the majority of those bitcoin holders will claim their XLM for the sole purpose of selling it. Look for a drastic drop in XLM after June The price could rise quickly after a sudden plunge, but it'll likely be months or years before we see stellar at its current levels again.
If you're holding XLM, I'd look to reduce your position until after the dilution. To get the most of the dilution, consider buying bitcoin. Here are two reasons why:.
As stated by other comments already. Your math is wrong. The total amount would be 25,,, - and only if every single XMR is actually claimed! This is the most retarded maths I've ever seen. Not only is the amount supposedly being airdropped totally wrong, the total supply is also wrong.
FairX is a new exchange backed by IBM that looks to, I assume, make it easier for the common man to buy cryptocurrency. Note that I said cryptocurrency, and not Bitcoin. Right now, a lot of the crypto-exchanges are a complete mess — there's really no easy way for the common man to buy coins outside of what's on Coinbase.
I am glad someone told me about Lumens so I could buy them at. Assisting the underbanked is a noble and soon to be lucrative business. The 4 billion people with cell phones who don't have banking services are not somehow inferior to the rest of us, they have been deliberately disenfranchised by the powers that be. XRP is the innovation the banks should have brought to us 20 years ago since money was their business. We can count our own damn money. Buy and hold XLM is more likely a better play.
My guess is bitcoin holders will just hold on to rather than sell, what's the point at that price? This giveaway has been know about for some time. Perhaps it's is already priced in.
A similar giveaway was carried out last year between July and October, the price was more or less static during that time. Perhaps some bitcoin holders will not even bother to claim. Things are different this time however. I'm guessing a lot more people know of Stellar now than last year. And that'll mean more people are likely to claim. I foresee a distribution resulting in a rally in price rather than a depression myself, perhaps not unlike the recent rally.
The next couple of months will not be boring, that's for sure. You bring up some good points. That's a huge dilution. That's not out of the realm of possibility, but it seems prudent to just lighten your exposure to lumens. Why take the risk when you can hold bitcoin instead and then claim even more lumens? Forgot to mention that you're right, the price wasn't impacted all that much by the last giveaway But this is short term thinking.
For me Stellar and Ripple are going to compete and there's room for both. This may well attract banks. For Ripple wants to be the banks partner for as long as the are in control of distribution.
I don't think banks would put themselves in that position if they had to. I've seen giveaways that pay off way better than this, with less than , BTC signed up. There will be lots of unclaimed lumens, but those are going to "be allocated to the Stellar operational fund and the Build Challenge. I think with recent moves in crypto, more people are going to be paying attention to this giveaway. Wow that beats everything! I was a late XLM investor and didn't know anything about this giveaway until now.
What a crappy campaign - instead of rewarding their XLM holders, these one get nothing but an ass-kick and most likely the dump-of-their-life - while BTC holders make a haul and jig due to their free present.
I can imagine that many late investors buyed XLM but still don't know anything about this little "surprise" at June 27th. Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers, forming a global value exchange network.
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