00:33 <moriarty> stellar is dying, uh oh

08:02 <marmulak> is not

21:41 <moriarty> http://www.gukjenews.com/news/articleView.html?idxno=855100

22:08 <FRWB> moriarty, stellar is backed and used by the biggest banks on the planet...

22:08 <moriarty> lol same with ripple

22:08 <moriarty> still they're all going down

22:12 <FRWB> stellar just ripped 1000% in a month, this is a retrace, it's healthy

22:12 <steerio> ...to prices unseen since Jan 3 :)

22:12 <FRWB> people take profits and weak hands exit, both factors drive the price down

22:14 <FRWB> exactly, it's down 40% from highs but it's still up 400% from a month ago.

22:15 <steerio> in November it was like 450 satoshis, now it's 3800 and bitcoin itself is worth more than 2x in USD or EUR as back then

22:17 <steerio> anyway, this kind of thing has been discussed over and over on Reddit (and everywhere else I suppose)

22:29 <moriarty> this isn't profit taking

22:29 <moriarty> this is south korea shuttering down exchanges

22:29 <moriarty> coins that were most primed back then will also fall the hardest

22:29 <moriarty> if i were you guys, i'd probably cash out now to be safe

22:29 <moriarty> shit's going to hit the fan

22:33 <moriarty> https://www.investopedia.com/news/which-cryptocurrencies-will-survive-crash-markets/

22:53 <FRWB> moriarty, i think you have absolutely no market experience

22:53 <moriarty> lol

22:53 <moriarty> i'm sitting on quite a huge cashpile

22:53 <moriarty> thanks to crypto

22:54 <FRWB> but you don't think there's profit taking happening right now

22:54 <FRWB> you think the entire industry is collapsing

22:54 <FRWB> even though you took profits...

22:57 <steerio> hm, is there something up with core-testnet[1-3].stellar.org?

22:58 <steerio> I get "peer rejected" errors starting up a testnet node

22:59 <moriarty> FRWB, this isn't profit taking bro

22:59 <moriarty> profit taking firstly doesn't happen across the board

22:59 <moriarty> this is mainly south korea banning its exchanges

22:59 <moriarty> we dropped from 820 billion to 720 billion

23:00 <moriarty> so far stayed stagnant, but i expect the drop might be a bit more when south korea starts pulling out

23:03 <FRWB> profit taking happens when a market goes up. this market went up, profit taking brings it back down. when there are more sellers than buyers the market goes down, sellers obviously own the coin, and if they got in any time before a month ago they are in the money

23:04 <FRWB> if the fundamentals coming out of korea were devastating you would see a huge market cap decline

23:04 <FRWB> and that's not the case

23:08 <moriarty> there is a 12% decline so far

23:08 <moriarty> 720b down from 820b

23:08 <moriarty> you should read what i say :)

23:19 <FRWB> the article you linked doesn't mention market cap

23:20 <FRWB> oh what you wrote

23:21 <FRWB> i think that's pretty normal for crypto. have you ever seen another market that has 40-50% retracements constantly?