[XMR] Monero Speculation - page 1179.

kaeste

member

Activity: 66

Merit: 10

Quote from: sammy007 on August 26, 2016, 04:35:56 AM

Quote from: DaveyJones on August 26, 2016, 04:06:56 AM

Lucky you ... my loan was closed when we hit 950 :/

I am not sure if there is something more idiotic than giving away your coins to dump for a tiny fraction of it.
Your loan closed because idiot who tried to short your coins got liquidated, you are lucky because under some circumstances you can receive back less coins than you lent.

yea, it's better to buy on top and hold, so Market Maker can make profit on you xD

sammy007

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Activity: 1904

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Quote from: DaveyJones on August 26, 2016, 04:06:56 AM

Lucky you ... my loan was closed when we hit 950 :/

I am not sure if there is something more idiotic than giving away your coins to dump for a tiny fraction of it.
Your loan closed because idiot who tried to short your coins got liquidated, you are lucky because under some circumstances you can receive back less coins than you lent.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Globb0 on August 26, 2016, 04:14:45 AM

The talk here was usually that loaners were hurting the price or something for very little gains, so I didn't look any further.

Short markets assist in price discovery but increase short-term heteroscedasticity. If you want near-term price stability you don't like the short market. If you want the central tendency to be as precise to the demand curve price as possible, and short-term volatility is no concern, then you like short markets. Here I am ignoring high-frequency trading, and considering only investment impact.

XMR will need to stabilize to be a good unit of account, or even a good transmission of value mechanism. That cannot happen until price discovery is more efficient -thus- It cannot happen until the discounting rate stabilizes -thus- It cannot happen until one heck of a lot of drama has played out. In the long run short markets will be an aid to stability, once the market cap and exchange volume are much larger than any potential squeeze. Meanwhile we can try to front-run squeezes, both long and short, when they occur, or we can look past them.

DaveyJones

hero member

Activity: 768

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Quote from: Globb0 on August 26, 2016, 04:14:45 AM

Quote from: Azael on August 26, 2016, 04:00:05 AM

Quote from: primer- on August 26, 2016, 02:47:15 AM

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Interesting is this loan market worth it for someone with about 1k Mons?

The talk here was usually that loaners were hurting the price or something for very little gains, so I didn't look any further.

Well the biggest failure would be if the Exchange goxxed, every little or big gain is nil if that event happens. On the other hand is see it like this, every interest i get are monero someone else cannot buy and dump, shorters need to buy back the coins they use and also provide liquidity. Example with around 330 Monero i got like 1 Monero per day at 0,4x % rates. Don´t play with money you cannot lose, in that case rather but it into a cold wallet.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Azael on August 25, 2016, 11:08:04 PM

The kind of revenue US government and Wall street can generate stomps any shady DNM.

I like Monero though and hold some but the two should definitely reach parity again at some point.

There is a leap in your logic which I think needs some filling.

The two are totally different objects. One is a currency. The other is a commodity. One derives its value from scarcity and fungibility. The other derives its value from uniqueness. Why should there be price party between radically different objects fulfilling radically different functions?

Fisher's quantity theory of money describes the fundamental value of XMR. The current price is a speculation on future value, discounted by risk.

The value of FCT is described by discounted cash flows in a commodity business, which must inevitably race with competitors to minimum operable margins.

I am not saying that the market is right. But I am saying that parity is not even remotely reasonable.

Edit: I do not own FCT. I consider it a speculation, and un-investable. I do own Monero. I consider it to be the technological evolution of money itself.

Globb0

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Activity: 2702

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Free spirit

Quote from: Azael on August 26, 2016, 04:00:05 AM

Quote from: primer- on August 26, 2016, 02:47:15 AM

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Interesting is this loan market worth it for someone with about 1k Mons?

The talk here was usually that loaners were hurting the price or something for very little gains, so I didn't look any further.

DaveyJones

hero member

Activity: 768

Merit: 505

Quote from: Azael on August 26, 2016, 04:00:05 AM

Quote from: primer- on August 26, 2016, 02:47:15 AM

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Lucky you ... my loan was closed when we hit 950 :/

Azael

full member

Activity: 196

Merit: 100

Quote from: primer- on August 26, 2016, 02:47:15 AM

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

I have XMR loans out on Polo for 0.49% a day for 60 days. Should they be out for the full duration that'd be a 29.4% XMR return.

Doubt we'll see those rates soon again though. Got them in when the price were around 0.005 and the XMR loaning market were illiquid since people rather took margin with their XMR or wanted to be ready to sell their XMR when it was breaking out thinking it will be temporary. Whoever has my XMR now is trapped inside a horrific short position and seemingly unwilling to cut losses.

This is something for miners who do not care about trading to be aware of. Next time XMR breaks out be sure to check out the lending market instead of taking the 0.15%/day rates you have there now.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: primer- on August 26, 2016, 02:47:15 AM

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

Maths

primer-

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Activity: 1092

Merit: 1000

Quote from: Febo on August 25, 2016, 07:26:57 PM

He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time.

Do the math yourself idiot. A single GTX 800 hashes at 600H/s - that is .2 XMR per day

kaeste

member

Activity: 66

Merit: 10

Last 7 days totally looks like monero chart, lol.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

From Google trends (search term Monero)

If you search for xmr you see the same data but by region it gets interesting - Canada is going hard for XMR. Noticeable also that there's still not much interest from Europe or Australia - so big markets still to get on board.

iCEBREAKER

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Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: americanpegasus on August 25, 2016, 05:39:40 PM

Quote from: Anon136 on August 25, 2016, 05:37:50 PM

Quote from: primer- on August 25, 2016, 04:43:22 PM

Now mining only 13 blocks on average per day, with the new diff increase i'll be lucky if i do 10...

What kinda hardware do you do that with? I have a gtx 980. I wonder if I could ever get any blocks with that.

I remember in 2011 when I could have mined Bitcoins but would 'only' get one or two a week. They were only worth a few dollars each so it really wasn't worth my time. Cry

Anon136

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Activity: 1722

Merit: 1217

Quote from: eizh on August 26, 2016, 12:03:23 AM

Quote from: Azael on August 25, 2016, 11:08:04 PM

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.

I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

What is it just like storing merkle tree hashes of your company data in the blockchain? From a cursory glance that's what it looks like. They need 700k in seed funding for that?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: MooneroShill on August 25, 2016, 12:36:45 PM

XMR articles about DNM adoption on frontpage of:

vocativ.com - 4 million monthly traffic
newsbtc.com - 400k
cryptocoinsnews.com - 1 million

not on frontpage:
sputniknews.com - 30 million

numbers pulled from similarweb.com

wtf? time to buy ads on sputniknews!

j/k dinosaur media (wsj/forbes/nyt) will be chattering about XMR in the 9/4 Sunday paper.

Azael

full member

Activity: 196

Merit: 100

Quote from: eizh on August 26, 2016, 12:03:23 AM

Quote from: Azael on August 25, 2016, 11:08:04 PM

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.

I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

I could write an essay but who wants to read more than a few paragraphs in a speculation thread? Not me. Details and backstory are easily found in Google I just put together the interesting parts in comparison to Monero. And DHS is actually a client for Factom not just "here have some money". Some IoT thing with blockchains who cares I don't care about IoT but they're supposed to develop this thing for DHS.

And DHS is a part of the US government so there's nothing wrong in calling it that. I don't care about DHS or what they do, I only care that they are from the US government not like I am gonna learn every US agency and what they do or what they are called and I don't expect other non US citizens to either.

Same goes for one of many analytic firms on Wall Street..

Anon136

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Activity: 1722

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Quote from: LiskKing on August 25, 2016, 11:58:52 PM

Quote from: Anon136 on August 25, 2016, 11:52:35 PM

Quote from: Traderbtcc on August 25, 2016, 11:45:10 PM

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

is new code but also it use some bitcoin tech right? - like similiar idea - satoshi is a good contribute to cryptonote or could cryptonote be here with no satoshi?

This is correct. Cryptonote would surely not exist without satoshi. Hail his high holyness.

eizh

hero member

Activity: 560

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Quote from: Azael on August 25, 2016, 11:08:04 PM

XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.

There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.

I like Monero though and hold some but the two should definitely reach parity again at some point.

The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM.

LiskKing

newbie

Activity: 56

Merit: 0

Quote from: Anon136 on August 25, 2016, 11:52:35 PM

Quote from: Traderbtcc on August 25, 2016, 11:45:10 PM

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

is new code but also it use some bitcoin tech right? - like similiar idea - satoshi is a good contribute to cryptonote or could cryptonote be here with no satoshi?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: Traderbtcc on August 25, 2016, 11:45:10 PM

Time to buy XMR?

I hope it's not another pump and dump coin.

Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump.

Topic: [XMR] Monero Speculation - page 1179. (Read 3314330 times)