332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.
Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.
Shapeshift announcement:
https://twitter.com/ShapeShift_io/status/585570515139563521Pull request to merge database into master:
https://github.com/monero-project/bitmonero/pull/256Interesting. So BTC -> ShapeShift XMR -> XMR.to = completely anonymous payments using BTC?
Timing-wise there are potential issues with that
1.123 BTC -> XMR -> 1.122 BTC over a short period of time might be fairly obvious. Of course it depends not the amounts and the level of activity on BTC at the time. If BTC has 1000 tx/sec that would be a lot more obscure than currently
Which is why, if you want to use this mechanic rather than just hold lots of XMR you'd want to hold a small buffer amount in XMR.
Then:
1.123 BTC -> XMR -> 1.355 BTC
.95 BTC -> XMR -> 1.11 BTC
2.11 BTC -> XMR -> 1.898 BTC
and so on...