Post
Topic
Board Altcoin Discussion
Re: Unveiling the truth over the major Monero hoax
by
XMRFanboy
on 27/08/2014, 08:16:58 UTC
Does ANYBODY care about Monero except for the flaming fanboys and Poloniex? No.  Most of the XMR market is being supported by Polo and the massive amount of fanboys there.  Lets look at some real proof.

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1    Poloniex   XMR/BTC    $ 105,033   $ 2.02    60.54 %    Recently
2    hitbtc      XMR/BTC    $ 42,393   $ 2.02    24.44 %    Recently
3    MintPal   XMR/BTC    $ 10,438   $ 2.02    6.02 %    Recently
4    Bittrex   XMR/BTC    $ 8,755   $ 2.02    5.05 %    Recently
5    BTER      XMR/BTC    $ 3,885   $ 1.97    2.24 %    Recently
6    Melotic   XMR/BTC    $ 2,210   $ 2.05    1.27 %    Recently
7    BTER      XMR/CNY    $ 770   $ 2.00    0.44 %    Recently
8    Bittrex   XMR/BC    $ 0   $ 2.13    0.00 %    Recently

This is totally in line with most other coins. See https://coinmarketcap.com/currencies/volume/24-hour/

In fact the Polo share for XMR is LOWER than the dominant exchange share for BSTX (69%), DOGE (68%), Greenbacks (81%), Stellar (76%) and I excluded a bunch of coins in the top 12 that have only one exchange. Furthermore I didn't feel like writing up the rest of the top 20 but every single one with the exception of #19 (PPC at 56%) has either a higher dominant exchange share or is only traded on one exchange.

So thank you for disproving your own point. Compared to other coins XMR is widely traded and most of the market is not being supported on one exchange.

Does ANYBODY care about Monero except for the flaming fanboys and Poloniex?  The answer to that is no.  If there was a wider range of support for XMR OUTSIDE of Polo, you'd see those exchanges having a much higher volume.  For weeks XMR has been the #1 volume maker for Polo.  Without it, the volume on Polo would have been next to nothing.  Show me another high ranking coin that has more volume on Poloniex than any other exchange.  I don't think there is one.  Polo has controlled the XMR market ever since it was added there.  If XMR was that great it should have high volume on at least MP and Bittrex.

Look at BTSX, BTCD, DOGE, DRK, and several other.  Each of those coins have more combine volume than XMR and every one of them earns that volume on better exchanges.  Those coins have a much larger support base than XMR.  If XMR was as widely supported as you want to believe, we'd see these kinds of volumes on these better exchanges.

"So thank you for disproving your own point."  Umm, no.  You are trying to muddy the water with a comparison of percents and ignoring the question/statement. 

"Compared to other coins XMR is widely traded and most of the market is not being supported on one exchange."  WRONG again.  The last time I checked, 60.54% IS greater than 50% therefore XMR IS being supported on one exchange.  That may change with HitBtc coming up but we'll see.