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Topic: [XMR] Monero Speculation - page 1371. (Read 3314669 times)

hero member
Activity: 770
Merit: 504
April 06, 2016, 06:30:15 PM
120k sell wall is back for some more financial terrorism, hoping to press down on any buying pressure whatsoever.  This is his last chance to make this look like a repeat of last year before the truth is revealed.
legendary
Activity: 2268
Merit: 1141
April 06, 2016, 06:27:24 PM
There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Risking for that kind of dust seems like a poor choice.  I chased dust for a bit out of boredom, but really it is not worth the effort.

Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position.

In addition, the low rates could also be used to get some "fuel" for the next leg up. I use the term "fuel" here because eventually shorters have to close their position and it this is done via market buying it could be classified as "fuel".
legendary
Activity: 2016
Merit: 1259
April 06, 2016, 05:52:21 PM
There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Or maybe its polo´s own funds? maybe same kind like ?kraken? where there is margin but no lending so it has to come from the site itself ... i don´t im just speculating


 Staying out and letting rates rise would be far more profitable, given their 15% take.  Forcing rates down to negligible levels like this would be self defeating.
legendary
Activity: 2016
Merit: 1259
April 06, 2016, 05:48:16 PM
There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Risking for that kind of dust seems like a poor choice.  I chased dust for a bit out of boredom, but really it is not worth the effort.
hero member
Activity: 768
Merit: 505
April 06, 2016, 05:42:43 PM
There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?

Or maybe its polo´s own funds? maybe same kind like ?kraken? where there is margin but no lending so it has to come from the site itself ... i don´t im just speculating
legendary
Activity: 2016
Merit: 1259
April 06, 2016, 05:42:02 PM
2016-04-06 21:45:01   183182.15180800   0.00000000   0.4243% / 0%
2016-04-06 21:44:01   183527.96975400   0.00000000   0.4317% / 0%
2016-04-06 21:43:01   198855.86389800   0.00000000   0.4336% / 0%
2016-04-06 21:42:02   199549.66811200   0.00000000   0.3986% / 0%

15k got removed from lending at suspiciously the same time we had a 15k dump. Must just be coincidence, right?

Another 10K, but stacked on the front lines of the asking, instead of dumped.  Interesting choices.  Can't wait to see how it all plays out!
hero member
Activity: 644
Merit: 500
April 06, 2016, 05:39:42 PM
There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam

Isnt this just plain stupidity ?
full member
Activity: 201
Merit: 100
April 06, 2016, 05:10:39 PM
(Crosspost from the main Monero thread)

Swalecko on Reddit has posted some news regarding the official GUI.  It looks like things are progressing nicely.
https://www.reddit.com/r/Monero/comments/4dl7vz/great_process_on_the_official_gui/

It looks like the text was cut-and-pasted from a spreadsheet, so the details may be difficult to read.  I've taken the data and reformatted it into something a little easier on the eyes.

https://hellomonero.com/article/update-official-monero-gui

hero member
Activity: 644
Merit: 500
April 06, 2016, 04:56:47 PM
2016-04-06 21:45:01   183182.15180800   0.00000000   0.4243% / 0%
2016-04-06 21:44:01   183527.96975400   0.00000000   0.4317% / 0%
2016-04-06 21:43:01   198855.86389800   0.00000000   0.4336% / 0%
2016-04-06 21:42:02   199549.66811200   0.00000000   0.3986% / 0%

15k got removed from lending at suspiciously the same time we had a 15k dump. Must just be coincidence, right?


Anyone dumping XMR now are manipulators
member
Activity: 114
Merit: 10
April 06, 2016, 04:48:34 PM
2016-04-06 21:45:01   183182.15180800   0.00000000   0.4243% / 0%
2016-04-06 21:44:01   183527.96975400   0.00000000   0.4317% / 0%
2016-04-06 21:43:01   198855.86389800   0.00000000   0.4336% / 0%
2016-04-06 21:42:02   199549.66811200   0.00000000   0.3986% / 0%

15k got removed from lending at suspiciously the same time we had a 15k dump. Must just be coincidence, right?
legendary
Activity: 981
Merit: 1005
No maps for these territories
April 06, 2016, 03:56:27 PM
This cup and handle pattern would push this a WAY up.


https://www.tradingview.com/chart/XMRBTC/CLtctXyv-Cup-and-Handle-in-XMR/


It looks very strong. 0.07 may be a bit optimistic but it looks like ATH.

What do you think?

IF we get above 430k, then yes, it goes crazy.

I would say it´s the classic upside down turtle 100% confirmed.

Just kidding, I dont see the cup, but looking at the chart with the zoom out and listening to my guts it could be that we are just in the 50% of the bull trend. To me 60-70ksat makes a lot of sense as the top of this wave and was the price I was thinking to myself before put a good chunk of my stash to sell (to buy back lower, as you think).

So yes, I would say it makes a lot of sense. I would be selling some before of this for sure, but I would call the top around this numbers.
full member
Activity: 126
Merit: 100
April 06, 2016, 03:41:36 PM
This cup and handle pattern would push this a WAY up.


https://www.tradingview.com/chart/XMRBTC/CLtctXyv-Cup-and-Handle-in-XMR/


It looks very strong. 0.07 may be a bit optimistic but it looks like ATH.

What do you think?

IF we get above 430k, then yes, it goes crazy.
hero member
Activity: 507
Merit: 500
April 06, 2016, 03:36:02 PM
This cup and handle pattern would push this a WAY up.


https://www.tradingview.com/chart/XMRBTC/CLtctXyv-Cup-and-Handle-in-XMR/


It looks very strong. 0.07 may be a bit optimistic but it looks like ATH.

What do you think?

Perhaps an upside down turtle? BUY BUY BUY
tbm
newbie
Activity: 1
Merit: 0
April 06, 2016, 03:25:44 PM
This cup and handle pattern would push this a WAY up.


https://www.tradingview.com/chart/XMRBTC/CLtctXyv-Cup-and-Handle-in-XMR/


It looks very strong. 0.07 may be a bit optimistic but it looks like ATH.

What do you think?
legendary
Activity: 1456
Merit: 1000
April 06, 2016, 02:11:34 PM
Emission was a killer for the price in the past but it did facilitate a broader distribution which is fundamental for success as a currency.

TC:  I see you changed your sig, does that mean now that you are a perma bull?
legendary
Activity: 1092
Merit: 1000
April 06, 2016, 02:07:06 PM
Monero price is determined by the emotions of us, the community. It depends on how we feel about it.
Previously it depended more heavily on emission.
The most of the coins pre-tai emission is held by the community. And if we think we want to rise the price we will not sell coins cheap. If we think it is time to drop the price we unload our bags.. Simple as that.

Despite XMR might rise quite fast to quite high it doesn't make XMR a get rich quick scheme IMO. I have been waiting for getting rich with XMR soon 2 years and I think it is not getting rich quick.  Cheesy You know, the past bad performance will not guarantee the future bad performance.  Wink By bad I am refering to the fact that XMR cost the same in bitcoins on summer 2014 than today (more or less).
hero member
Activity: 770
Merit: 504
April 06, 2016, 01:57:33 PM
The best part about buying a wall that big in one giant bite is watching the power vacuum that develops in the minutes following. 
 
If you are sufficiently intimately acquainted with the stack you can almost feel the mathematical cries of pain from a whale who just lost their stash to a new challenger.
member
Activity: 109
Merit: 10
April 06, 2016, 01:44:27 PM
New price action is making it look a lot less like the chart from last years high.  Very nice.

Margin trading makes everything completely different.  Also, it's funny because everyone is speculating on who's doing what and we have no clarity into that.  How many ppl actually short XMR?  Who knows, only ppl lending lots of coins will have visibility into that demand.  Also, it's possible that people are going long on margin too and shorting BTC; tough move right now given the expected volatility in BTC coming up soon.  If margin positions are transparent like on other exchanges that allow margin leverage, then it would be easier to see what's going on.  I would bet, the selling pressure is due to shorters trying to margin call long margin positions, coupled with the rise in BTC price recently which gives that trade extra uumphf.  It doesn't seem that ppl in this community like to actually sell their XMR even despite the recent price rises.  I wish I had enough coins to buy that 400BTC wall we saw last night.  Super hard to accumulate that much without significantly moving the market.
full member
Activity: 126
Merit: 100
April 06, 2016, 01:29:53 PM
New price action is making it look a lot less like the chart from last years high.  Very nice.
legendary
Activity: 981
Merit: 1005
No maps for these territories
April 06, 2016, 01:26:25 PM
Touching resistance line. I would say 3 minor shorts have closed, but the big one of 30k stills open. If he covers now price would go to .003827. Don´t sell cheaper than that
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