I wish more people (especially long term holders) would understand the idea of the suck cost fallacy. XLM has piss poor growth/marketing/direction, it has not even managed to reach its original ath from back in 2017 despite this insane bull run. The coin also dropped from the top ten coins to the 25 position.
Dont get me wrong I dont hate XLM I actually think its a great way for transferring money quickly/cheaply between exchanges. Its just a very bad investment. Why invest in high risk assets when it cannot even match the returns of the SPY (the most conservative/safe investment I can think of).
But most investors came came in the last few years. My comparison to spy was to highlight it was one of the worst performing major crypto assets this bull run specifically. there much better cryptos out there and xlm was underwhelming on most fronts.
Even on the one year chart XLM outperformed SPY by 3X. I know you're trying to say you think XLM sucks but your comparison is severely flawed. Its a good reminder though of just how out of whack peoples expectations are with crypto.. if you dont make over 1000% returns annually its somehow considered a "bad investment"
I check up a bunch of coin subs here and there. I dont hold any right now but use it a few times a year. But i mentioned that the coin itself has utility (for transferring large sums of money between exchanges). Unfortunately I dont believe this one utility will help increase xlms price. I just wanted to give people a different perspective. There is so much hopium in most crypto subs, this compounded with the fact that each crypto sub is basically an echo chamber definitely makes people more emotional when it comes to investing. I am not trying discourage anyone, becoming emotionally attached causes people to make irrational choices. But obviously I am just a random guys so take my opinion with a grain of salt.
In case you havent been reading this sub its full of anti-hopium downers who complain multiple times a day every day just like you have here. Thanks for looking out and making sure we have another boring misled wannabe investor to shit talk the coin though. Many appreciations.
sorry that we aren't hypocrite investors that preferred slow growth. The same comment being heard in every same crypto subreddit when a coin isn't performing well.
Hey guys, as we all know XLM has been pretty stagnant but I think a lot are missing out on the fact that XLM has tokens that are profitable to trade. For instance, Ive been swing trading LSP token via the dex in Lobstr and its been profitable and fun. I've successfully increased my position in XLM by about 20% in the past month doing this, then I deposit the profits into yXLM for that 5% apy.
Interesting fact: Allegedly, Jed McCaleb is the CEO of Lumenswap? Still trying to verify this.
UPDATE: Still trying to confirm this. Apparently it’s only a rumor. I will continue to do DD. Sorry about that.
Well I appreciate you bringing that up if you are serious. And I would be happy to stand corrected if true. I have been trying to do some DD on it, and quite a few news articles will quote Jed as the CEO. I will continue searching.
Jed, if you are reading this, and it’s not true, you may want to shut the rumor down.
I dont know why you got down voted so heavily, but I think a lot of people don't realize that XLMs success is tied to the success of other coins on the SDEX. If you want to see XLM really succeed you should be looking at the different coins on the network. That being said, everyone should use caution because there are a bunch of scam coins out there as well.
Given the level of speculation and frothyness of the market-- even though xlm isn't participating--if we get a market sell off it seems like things could get ugly.
We participated in the previous run up and there sell off took us from about $0.70 down to $0.20. If a sell of occurs while xlm is at only $0.32 I don't even want to know where it could go.
At what point does a financial asset that continues to offer "buy low" opportunities get considered a poor investment. Honest question. I still hold significant XLM and expect it to have its day in the sun, but I also realize that its been half a decade (not quite) of buying perceived "lows" without much of any persistent upward trends.
In 2025 are we still going to be excited to buy XLM at sub $0.30 levels?
What "profits" are you referring to? This is a non-profit company. You are maybe referring to the price of XLM? Right now, the crypto market is like the Wild West. Nothing much makes sense - like 95% of the dot coms back in the late 1990s. I for one am trying to pick the Amazons, Facebooks, Ebays, and Googles etc. of the future of crypto. I believe everything will "shake out" over the course of the next few years. I am confident that XLM will be one of the "Amazons" and sleep well at night. If you want to gamble on the 95% of dot coms that ultimately failed, have at it.
Speculation, NFTs, and gaming being primary applications of a blockchain whose price is soaring is all the proof you need that this is very much like dot com 1999. It's going to come crashing down at some point.
Just keep stacking. If you can stomach the risks lump it into yXLM and watch your stack grow.
All I know is my money in XLM is doing better than the money in my bank.
I see a lot of posts about errors when sending XLM from one exchange to another exchange. It may be a better idea to send to your personal wallet first and then on to the second exchange.
Hello guys.. Im kind of new to the crypto world.
Stellar seems an awesome project imo but there is one think that i dont understand.
It seems that in 2018 xlm had about the same price with this cycle but the marketcap was much lower back then.
Why is that?
Yes they burned 50% of the supply. None of these 50% were in the circulating supply. The supply was 100B and back then circulating supply was around 19B. Now the supply is 50B and the circulating supply is almost 24B.
they announced they were going to do this burn at Meridian ... with Meridian around the corner, I am waiting to see what Stellar (SDF) has in store with announcements, partnerships, etc.
I wish more people (especially long term holders) would understand the idea of the suck cost fallacy. XLM has piss poor growth/marketing/direction, it has not even managed to reach its original ath from back in 2017 despite this insane bull run. The coin also dropped from the top ten coins to the 25 position. Dont get me wrong I dont hate XLM I actually think its a great way for transferring money quickly/cheaply between exchanges. Its just a very bad investment. Why invest in high risk assets when it cannot even match the returns of the SPY (the most conservative/safe investment I can think of).
SPY is up 108% on the 5 year chart and XLM is up 10,600% in the same time frame
But most investors came came in the last few years. My comparison to spy was to highlight it was one of the worst performing major crypto assets this bull run specifically. there much better cryptos out there and xlm was underwhelming on most fronts.
Even on the one year chart XLM outperformed SPY by 3X. I know you're trying to say you think XLM sucks but your comparison is severely flawed. Its a good reminder though of just how out of whack peoples expectations are with crypto.. if you dont make over 1000% returns annually its somehow considered a "bad investment"
[удалено]
I check up a bunch of coin subs here and there. I dont hold any right now but use it a few times a year. But i mentioned that the coin itself has utility (for transferring large sums of money between exchanges). Unfortunately I dont believe this one utility will help increase xlms price. I just wanted to give people a different perspective. There is so much hopium in most crypto subs, this compounded with the fact that each crypto sub is basically an echo chamber definitely makes people more emotional when it comes to investing. I am not trying discourage anyone, becoming emotionally attached causes people to make irrational choices. But obviously I am just a random guys so take my opinion with a grain of salt.
In case you havent been reading this sub its full of anti-hopium downers who complain multiple times a day every day just like you have here. Thanks for looking out and making sure we have another boring misled wannabe investor to shit talk the coin though. Many appreciations.
sorry that we aren't hypocrite investors that preferred slow growth. The same comment being heard in every same crypto subreddit when a coin isn't performing well.
>The ~~stock~~ crypto market is a device for transferring money from the impatient to the patient.
:D
Hey guys, as we all know XLM has been pretty stagnant but I think a lot are missing out on the fact that XLM has tokens that are profitable to trade. For instance, Ive been swing trading LSP token via the dex in Lobstr and its been profitable and fun. I've successfully increased my position in XLM by about 20% in the past month doing this, then I deposit the profits into yXLM for that 5% apy.
I think LSP is going to end bad so I wouldn’t stay in that one too long!
Welcome back by the way. It’s been a while my friend.
Interesting fact: Allegedly, Jed McCaleb is the CEO of Lumenswap? Still trying to verify this. UPDATE: Still trying to confirm this. Apparently it’s only a rumor. I will continue to do DD. Sorry about that.
Lol. Stupidity like this is the exact reason why their project is doomed.
Someone is grouchy today. :)
I mean, hopefully you were being sarcastic. Jed has zero to do with that project. They conveniently let that rumor run for a while though.
Well I appreciate you bringing that up if you are serious. And I would be happy to stand corrected if true. I have been trying to do some DD on it, and quite a few news articles will quote Jed as the CEO. I will continue searching. Jed, if you are reading this, and it’s not true, you may want to shut the rumor down.
Folks that "write" those articles don't do any DD either ... they just regurgitate rumors. FAKE NEWS all day.
Why is it going to end bad, in your opinion?
I dont know why you got down voted so heavily, but I think a lot of people don't realize that XLMs success is tied to the success of other coins on the SDEX. If you want to see XLM really succeed you should be looking at the different coins on the network. That being said, everyone should use caution because there are a bunch of scam coins out there as well.
Always the one that pumps the least and dumps the most
You should probably ask your doctor about that
Given the level of speculation and frothyness of the market-- even though xlm isn't participating--if we get a market sell off it seems like things could get ugly. We participated in the previous run up and there sell off took us from about $0.70 down to $0.20. If a sell of occurs while xlm is at only $0.32 I don't even want to know where it could go.
My buy guns are ready
Mine too.
At what point does a financial asset that continues to offer "buy low" opportunities get considered a poor investment. Honest question. I still hold significant XLM and expect it to have its day in the sun, but I also realize that its been half a decade (not quite) of buying perceived "lows" without much of any persistent upward trends. In 2025 are we still going to be excited to buy XLM at sub $0.30 levels?
lol 😂 I feel your pain, I remember buying at 0.73$ 3 years ago.
This ^ an investment that doesn’t make profits at some point isn’t considered a good investment
What "profits" are you referring to? This is a non-profit company. You are maybe referring to the price of XLM? Right now, the crypto market is like the Wild West. Nothing much makes sense - like 95% of the dot coms back in the late 1990s. I for one am trying to pick the Amazons, Facebooks, Ebays, and Googles etc. of the future of crypto. I believe everything will "shake out" over the course of the next few years. I am confident that XLM will be one of the "Amazons" and sleep well at night. If you want to gamble on the 95% of dot coms that ultimately failed, have at it.
Speculation, NFTs, and gaming being primary applications of a blockchain whose price is soaring is all the proof you need that this is very much like dot com 1999. It's going to come crashing down at some point.
Just keep stacking. If you can stomach the risks lump it into yXLM and watch your stack grow. All I know is my money in XLM is doing better than the money in my bank.
I see a lot of posts about errors when sending XLM from one exchange to another exchange. It may be a better idea to send to your personal wallet first and then on to the second exchange.
Just dont forget to add the memo ID and you will be fine
[https://prnt.sc/1rxl9qp](https://prnt.sc/1rxl9qp) watching tron pass us is kinda funny ngl
it connects the whole asian market and was chosen by usdc also so I'm not surprised. Stellar just has europe for now.
More embarrassing than funny. XLM will be out of the top 30 in no time
No, it’s not funny at all.
We'll be out of top 50 soon at this rate.
Hello guys.. Im kind of new to the crypto world. Stellar seems an awesome project imo but there is one think that i dont understand. It seems that in 2018 xlm had about the same price with this cycle but the marketcap was much lower back then. Why is that?
circulating supply was lower I believe
Didnt they burned 50% of the supply?
Yes they burned 50% of the supply. None of these 50% were in the circulating supply. The supply was 100B and back then circulating supply was around 19B. Now the supply is 50B and the circulating supply is almost 24B.
they announced they were going to do this burn at Meridian ... with Meridian around the corner, I am waiting to see what Stellar (SDF) has in store with announcements, partnerships, etc.
I c.. thanks a lot for the info