@Nrew91 For reference, here is the $RVN chart from right before the last breakout - we actually tapped on the 4.236 fib on that breakout. Once it closed above the long term resistance, it took about 8 weeks before she flew to the moon:
$RVN #RVN#RVNUSDT
We need a weekly close above .0240 to stay above the LT resistance. At these prices, it's hard not to load your bags and sit and wait for raven to fly once again.
@FisherKing2067@MachinistImprov@tZERO@mblaugrund@edwinmarcial19@AlderLaneEggs 6/6 If you're that much of a @tZero fanboy and can defend their apps, then you haven't seen what the competition offers - Binance/Coinbase/Kraken/etc. Until they make some serious changes, I will not be storing any crypto with them in the near future, nor recommend them.
@FisherKing2067@MachinistImprov@tZERO@mblaugrund@edwinmarcial19@AlderLaneEggs 5/6 For now, @tZero needs a reality check and needs to stop keeping their investors in the dark. They need to hire some compentent developers to make their apps more appealing. Their markets web app - garbage. Their crypto app - more garbage. Funny how appropriate Dinosaur was!
@ZenRVN@tZERO@tZERO Seriously... WTF?!! I referred countless friends to your exchange, and this is beyond appalling. Do you understand the fundamentals of crypto at all? You should be able to xfer crypto within minutes!! Shame on you. This is starting to sound like a liquidity crisis!
4/4 or the hashrate will drop until it becomes profitable once again. I believe that the die-hard miners will continue mine and ump around between all of the remaining POW contenders and should boost all of them in the long term.
TLDR; JONBER $RVN
1/4 Now that $ETH merge is complete, it's going to be some interesting times for $ETC, $RVN, $FLUX, $ERGO and other POW coins.
The increased hashrate has now made it unprofitable to mine for most people. I had anticipated this to cause a nice selloff for those exiting mining.
3/4 I also believe that there are plenty of miners that will continue to mine regardless of profit. The continued mining without selling, will reduce the selling pressure, and either the price will drive up to reflect the true cost of mining it,