Author

Topic: [XMR] Monero Speculation - page 1111. (Read 3314330 times)

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 06, 2016, 06:49:47 PM
Keep in mind that one of bullwhale's major goals is pillaging the shorts.
legendary
Activity: 2016
Merit: 1259
September 06, 2016, 06:23:36 PM
Aaaaannd back over 6000 BTC buy orders.  Are the shorters of that dump going to get wiped by the rebound?  Its getting harder and harder to tell.  Glad I whittled my long way down a while back.  What's left is still afloat, but I might have to hold my breath for a bit in the near future.  Playing with profits only is SO much less stressful!
legendary
Activity: 1512
Merit: 1000
@theshmadz
September 06, 2016, 06:01:50 PM
Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. ...  bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments.

Given that gold can be synthesized with energy, and also may be found is superabundance in asteroids, I think that eventually it will lose value.  Probably not in our lifetimes, barring substantial life extension tech. But I would take the other side of that bet.  And yes, unless they wanted ongoing trade with humans, they would have no use for Monero.

Once we set up the quantum entanglement protocol for galactic networking our alien neighbors may indeed find a use for Monero.

I still wouldn't sell more than 1 or 2 percent of my holdings though...
legendary
Activity: 2268
Merit: 1141
September 06, 2016, 05:54:37 PM
One question: What is the maximum amount of XMR one should safely hold in a mymonero web wallet? I have most of my holdings in there and now they're worth a reasonable amount, I'm getting a little sketched out. Transfer to paper wallet maybe?

Whatever you need for routine spending IMO. No web wallet can be 100% secure.

Best is to transfer to your own paper wallet or (if you need spending access) a conventional wallet on your own well-secured computer/media.

For paper wallets, you can follow this guide:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/



Btw, the dump seems to be induced by some shorters (possibly the bear whale). See lending offers here:

http://monerodice.pd.to/polo.php

http://monerodice.pd.to/polo_snapshot_compare.php?id=442946&id2=442966

You can be certain that some of the bids that were dumped into were shorts trying to cover. Thus, the amount shorted might even be bigger than depicted by the lending offers statistics.
legendary
Activity: 2968
Merit: 1198
September 06, 2016, 05:54:18 PM
Deleted for using red and also for "SELL SELL SELL" (not substantive)

Huge dump going on

EVERYONE SELL SELL SELL AS LONG AS YOU CAN


 ; D ; D

legendary
Activity: 2968
Merit: 1198
September 06, 2016, 05:51:00 PM
One question: What is the maximum amount of XMR one should safely hold in a mymonero web wallet? I have most of my holdings in there and now they're worth a reasonable amount, I'm getting a little sketched out. Transfer to paper wallet maybe?

Whatever you need for routine spending IMO. No web wallet can be 100% secure.

Best is to transfer to your own paper wallet or (if you need spending access) a conventional wallet on your own well-secured computer/media.
legendary
Activity: 1188
Merit: 1016
September 06, 2016, 05:26:19 PM
Just wanna say how much I enjoy reading this thread, it reminds me of the good old days when I first discovered this forum around 2011 and was learning a great deal about blockchain tech, Libertarianism/Anarchism, Austrian economics and the mathematical wonders of public/private key encryption, from like-minded and intelligent posters. While many of the old-schoolers seem to have gone AWOL, the posts by you guys in here are inspiring and educational. Compared to the majority of BCT which has basically turned to dogshit, this thread rocks.

Big ups to Aminorex, Anon136, TrueCryptonaire, Risto, nanobrain and of course the dev crew (deBruyne, fluffypony?). Plus all the other posters I've forgotten that post informative stuff here. I don't post much because I haven't got a lot to give and don't want to decrease the S/N ratio. But I'm always lurking (mwahaha  Grin) and try and add my 2 XMR when I have something to say.

As far as trading goes, I'm still holding some from buying at 0.0035 before the rise, but just threw in a couple of BTC worth at 0.021. Seems weird getting almost 10 times less XMR for the money, but I really believe in this tech so what the hell...

One question: What is the maximum amount of XMR one should safely hold in a mymonero web wallet? I have most of my holdings in there and now they're worth a reasonable amount, I'm getting a little sketched out. Transfer to paper wallet maybe?

Finally, shameless plug - I am selling some nice Casio G-Shock watches for XMR, I know this isn't the place to advertise goods but I'll just link the thread one time and then never speak of it again. PM me for more info/offeres etc:

https://bitcointalksearch.org/topic/selling-mint-condition-g-shock-watches-for-xmr-1610064
full member
Activity: 227
Merit: 100
September 06, 2016, 04:28:04 PM
..holding a margined long position...
Paying polo margin rates is crazy.  At least mortgage your house or something.  Sell your children, whatever.

So for several days I will pay between .045% to .0945% Interest per day. Now that is .00045, times the amount, divided by the portion of a day(s) that I hold it.  I should mortgage my house for that? Now, that's crazy!

Or was that sarcasm... sometimes I can't tell! Smiley
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 06, 2016, 03:21:02 PM
..holding a margined long position...
Paying polo margin rates is crazy.  At least mortgage your house or something.  Sell your children, whatever.
full member
Activity: 227
Merit: 100
September 06, 2016, 02:59:48 PM
Based on everything I am seeing right now, it really appears to me like the price is ready to take off! (no moon talk... too cliche) but, I think the price would move significantly if it weren't for a few big fish (one?) splashing around in the pool causing Noobs and others to panic whenever they see their trademark sell wall.   

I'm kind of surprised that we haven't beat this bully up, taken away his lunch money and sent him home to momma yet. If you can't tell... I Hate being manipulated like this! But other than that, once his games are done, we should make some pretty massive moves unless, he's tainted the waters for too many people.

There's manipulation happening on both sides, possibly by the same party(s) as on the sell side. That's why you can sometimes see bids jump from 5,200 BTC to 7,400 BTC, then drop to 6,200 BTC, all within a few minutes.

Understood...  I guess I really dislike how blatant it is.  And quite honestly, with holding a margined long position, I can't have someone cutting off my ability to get out of the red when it was his manipulation that forced the price down in the first place.

My main point was however, that if you just look at the basics in the chart you get the feeling this is ready to take off again which IMHO would be a good thing for the community in general.
sr. member
Activity: 700
Merit: 250
September 06, 2016, 02:53:14 PM
...
Really the only universal currency for the universe is energy....

I would postulate time.


Time:energy and position:momentum are the classic quantum informative pairs.

I would describe information as the underlying universal value.  God acts to maximize freedom.  So should we.



info is good. works in 4d..5d etc.. the other options are too limited. energy is base either way. who knows if 'currency' even exists in the future/ aliens.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 06, 2016, 02:51:07 PM
...
Really the only universal currency for the universe is energy....

I would postulate time.


Time:energy and position:momentum are the classic quantum informative pairs.

I would describe information as the underlying universal value.  God acts to maximize freedom.  So should we.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 06, 2016, 02:48:27 PM
I don't think CTTE minds the upward factors.Wink

There will be more, and larger, players.  Might as well get used to it.  At least this one is a net accumulator.  ( Of course at first they all are, since they start at zero.)

But yeah, price wants to go to 03.  

If you're feeling stress, get away from the market for a while.  Come back when it's near you target price.  Get a phone app with a price alarm, then ignore it.

I won't complain.  I'm extracting about 50bp/diem from the vol, for the past few weeks.

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
September 06, 2016, 02:45:50 PM
...
Really the only universal currency for the universe is energy....

I would postulate time.


legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
September 06, 2016, 02:38:23 PM
Based on everything I am seeing right now, it really appears to me like the price is ready to take off! (no moon talk... too cliche) but, I think the price would move significantly if it weren't for a few big fish (one?) splashing around in the pool causing Noobs and others to panic whenever they see their trademark sell wall.   

I'm kind of surprised that we haven't beat this bully up, taken away his lunch money and sent him home to momma yet. If you can't tell... I Hate being manipulated like this! But other than that, once his games are done, we should make some pretty massive moves unless, he's tainted the waters for too many people.

There's manipulation happening on both sides, possibly by the same party(s) as on the sell side. That's why you can sometimes see bids jump from 5,200 BTC to 7,400 BTC, then drop to 6,200 BTC, all within a few minutes.
full member
Activity: 227
Merit: 100
September 06, 2016, 02:21:44 PM
Based on everything I am seeing right now, it really appears to me like the price is ready to take off! (no moon talk... too cliche) but, I think the price would move significantly if it weren't for a few big fish (one?) splashing around in the pool causing Noobs and others to panic whenever they see their trademark sell wall.   

I'm kind of surprised that we haven't beat this bully up, taken away his lunch money and sent him home to momma yet. If you can't tell... I Hate being manipulated like this! But other than that, once his games are done, we should make some pretty massive moves unless, he's tainted the waters for too many people.
hero member
Activity: 687
Merit: 500
novag
September 06, 2016, 01:46:25 PM
People want to price 0.03
full member
Activity: 235
Merit: 100
September 06, 2016, 01:18:04 PM

with 25% vendors listing accepting xmr, over 50k volume already done in alphabay, there is no possible way xmr will fail.



This numbers are speculations or how you got them?


more 10 pages of listing on AB, and several vendors coming out helping the market establish around xmr. promoting it. several vendors urging others to use both in the near future.

but of course its not an exact amount. however i did check out all the pages and found 10 or 11 pages
legendary
Activity: 2744
Merit: 1288
September 06, 2016, 01:10:45 PM

with 25% vendors listing accepting xmr, over 50k volume already done in alphabay, there is no possible way xmr will fail.



This numbers are speculations or how you got them?
full member
Activity: 235
Merit: 100
September 06, 2016, 01:05:40 PM
Scare walls disappear when bought. I smell blood.

Come to me, my lovely...

the whale showing off with his 50k ish xmr is a fun guy. everytime he show off with his wealth i buy 50btc out of him and watch him panic and take it off. i sell immediately of course to not be in the price drop.

he did that few days ago i bought 48btc, he did it today i bought in 55btc. first time he did it i bought in 80btc. he panics, i sell all i bought immediately and few minutes later he crash the price, i buy low and hold Smiley

with 25% vendors listing accepting xmr, over 50k volume already done in alphabay, there is no possible way xmr will fail.

some whales can crash the price, but it doesnt matter really, the demand is existant now due to its privacy.
hash rate exceeds that of eth even. several known developpers coding for xmr. gui wallet which will enable transaction from xmr to btc thus fulfilling the demand of all vendors. this year looks very promising and i will have to start ordering bitwala card to spend xmr now  Grin
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