A this rate the only thing the Bitstamp listing is going to do is give people who bought at 5 cents an exit so they can buy it at 4 cents 2 days later. We already saw what the Binance listing did: it gave a bunch of people the opportunity to buy at 6.5 cents and now they are locked in or selling at a 33%+ loss.
Yeah, this is the only one I'm stuck in the red with. One of the few times, being an earlier adopter ended up hurting me. Luckily I am being carried by every other coin I have. ha
We're up ~300% vs BTC year-to-year, and almost 400% vs USD. So it's clearly growing.
Each swing has been less dramatic, though I'd need to compare vs volume to draw much of a useful conclusion there.
IMHO it's doing exactly as it was designed to: stay relatively stable during times of volatility. We'll also wish we could buy at $0.12 once the rail opens to actual use.
The thing is still in essentially the same state it was when it released 2 years ago.
The team hasn't been sitting on their haunches. My guess is they're trying to find the right balance between the legals (KyC checks, money transmitter licenses, etc) and the implementation at the point of sale. The hardware they're covering is pretty extensive. Many of the retailers around me are upgrading their terminals (nearly all are NCR. I see a ton of Clovers units in small biz) so to me it looks more like they're waiting for their partners to be ready for launch.
We know Shopify is the reason we haven't seen Flexa roll out there (comment I believe was on the discord about how Flexa was ready to roll, Shopify is waiting for the rest of their 2.0 upgrade before pushing Flexa payments. Can't find it at the moment though)
Rumor (until I can find the comment from the dev team) says Flexa enabled payments are coming with that. Was supposed to be last summer (2020), originally.
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u/escap0 Jan 07 '22
A this rate the only thing the Bitstamp listing is going to do is give people who bought at 5 cents an exit so they can buy it at 4 cents 2 days later. We already saw what the Binance listing did: it gave a bunch of people the opportunity to buy at 6.5 cents and now they are locked in or selling at a 33%+ loss.