Topic: [XMR] Monero Speculation - page 1407. (Read 3314669 times)

So far so good 

I hadn't seen that, I don't lend BTC so never thought to look.  The XMR lending pool has been largely unaffected by the recent dumps, so it makes sense that it was borrowed longs closing out, rather than new shorts.  Also the other top gainers on Polo have taken a hit, adding some more confirmation to this.  High volume XMR dumping starting within minutes of the high volume (bitfinex) XBT pumping.  Thanks regexlove for pointing this out, it has widened the view for me.

   TC is just undercutting his own loans, not sure to what end 

Yeeeeeaaaaahhhhh, we got that thing on another exchange 
Thanks for the DEV on cryptopia.co.nz for the fast deployment in a few days with the new 0.9.3 binaries and the good documentation 

So you guys get some moneroj on cryptopia 

Seems like a great moment to short ETH, BTC is going up and could have legs. The bollingers are loaded.

However this monero selloff is excessive and will correct, I guess at .00377. Whatever, lets see

Herd mentality, nothing to do with XMR. BTC went up just a bit, whoever sold cant make much profit at all but this was expected.

Watch others alts as well ..

Someone big guy selling now... 

Tradingview added poloniex

MiniNeroDroid


https://github.com/ShenNoether/MiniNeroDroid

If there are any android/java developers we could use some more resources.

Yes unfortunately I was unable to lend them for better rates.  
I agree that shorting is a pain in the short run but in the long run it is bullish to have outstanding short positions.
The combination of lowering emission and an open short position at interest is a financial suicide for the shorter as he has to purchase the initial capital borrowed + interests. Therefore, in the long run, high interest rates are extremely bullish for Monero or any other coin.
It is like the following: if there are plenty of opportunities in other currency to get premium ROI a lot of other economies will leak funds to the economy that gives premium returns and thus the currency of high ROI country appreciates against the other currencies.
In real life we see this happening: ECB is speaking about quantitative easining (and doing is also) vs. FED is expected to raise interests, this makes USD stronger against euro.

My lending portfolio represents only a small piece of coins I own. The portfolio is approximately the same size as I used to use for trading. Lending is less risky for me than trading and dumping (+ I do not get so much hatred in the forums when I am lending as opposed to dumping on the peaks and flipflopping).

Later I do not need to buy Moneros from the markets to support the exchange rate as the borrowers will buy those coins for me instead.

Regexlove you are short as fuck, it's obvious what you are trying to do, even went extra mile to set up the betting and all.

Where do you get 321k from? Let me tell you; your ass. You think that sequence of numbers will have psychological impact? Like 3,2,1 - DUMP! lol..



You must have lent those 900 at a very low rate. I'm somewhat confused why a big holder would want to offer cheap lending, especially at a critical time when we are hovering around 400k-ish. If we all were less greedy and offered less lending we would probably moon faster, and in the end profit more than whatever we earn from lending. Care to share your perspective?

I just bought 900 additional XMR and they were insta-lent. Thank you for borrowing my Moneros. 60 days at discounted interest rate so the borrower got "good deal"... However, when the repayment arrives, I think he has to pay more for those Moneros.

LOL at everyone getting worked up over a FACTOM shill https://bitcointalksearch.org/user/regexlove-341386

Go ahead, make her day.

(Next up will be her trade history and how much she had made, just watch). Sadly this is the nth TC replica and there will be more and more in the coming days.

exactly, thats it!

I think unexpected news drives the movement more dramatically, like a herd of gazelle taking flight after hearing a monkey snap a twig--unexpectedly, whereas they will drink from the same pool of water as a thirsty lion--though they are watching him very, very carefully.

Looks to me you're just talking your own book.

Yes, read about Azure earlier, good news, just many cryptos are endorsed by Azure by now.
Just saying close to 50% price range in 7 days is not sustainable here and at high marketcap.  
Agreed the new version could have caused a more sustainable jump, while the Mintpal story sounds like presence of Pump/Hystery.

on 24th March as soon as  this https://azure.microsoft.com/en-us/blog/azure-blockchain-update-7/ was published, price of Monero gained 15%.  


I do suggest you next time to read this thread, before making any moves.

Generally that is not some brilliant news ( apparently Monero team did almost no effort to achieve that), but price act strange on news. Most strange was reaction on news that Monero will be listed on Mintpal in June 2014. Price rose 5 times to 0.01+ Why i say was strange is because on that exchange was never any significant volume and latter owners robbed their clients and run with the coins. Opposite of that was New year of 2016 when was released Monero 0.9.0, code name "Hydrogen Helix". That was what everyone was waiting for more then a year. and if you check exchanges, this news did nothing. Monero started rising a month after it.

So a succesful hardfork that enforces fungibility on the protocol level, the MS azure news, and the ring multisignature blog aren't considered "news"?

Furthermore, the assertion that an increase in price needs to be accompanied by news is kind of a fallacy.

sure! you can say that about several.
- How did monero change in the last 7 days?

Simply,
vertical price movements are not sustainable! Spikes retract without news big enough to justify more than a portion of them.  (insider trading is unlikely for this open project?)

Yes, several cryptos gained worth starting in January/Feburary. Dash, Bitshares, Factom, Counterparty and so on doubled in price. Ethereum and Maidsafe gained most since i assume people are interested in biggest ones that represent the novelties of smart contracts and peer2peer internet. Yet all remain volatile now, especially those showing unnatrual volume through margin trading etc.
- So did Monero. It reached almost 3 times the price in December/January and stayed near for some weeks.  
1 week ago though the price and volume went up further and too fast

Like others Monero is in the top 20 since a while and it (CryptoNight) represents some unique approach to reach more anonymous transactions and is meant for mining by
CPUs/GPUs only (through requiring lots of expensive cache memory resulting in low hash rates).  Some enthusiasm, some fear/sceptics/dust.
- Yes, Pumpers rely on some real basis.
 Why couldn't Monero rise 4x? like Maidsafe did (as of now)
Monero has no popularily stunning novelty, but rather interesting to think about (is anonymity better? is gpu mining more democratic?),  Miners/botnets and people/causes seeking to operate anonymously all of which is a narrower niche, so for now 2-3 times the price seems good enough to join the others that moved up.  
Other Cryptonite currencies did not move up much yet. So there are funds missing in the remaining Crpytonite economy to catch up, before part of the rise could be considered sustainable. And it is reasonable to assume, these days, the spike is pending to turn.  While Hystery/Pumps both start from something real, they can't last very long and those people gain the most, who decide the exact dates to start and to turn back, followed by the exchanges/fees, while most others are just losing from their gambling or being pushed into something unexpected.
- If a Price rises moderately it remains higher sooner and less energy is wasted.  If you are interested in Monero's success you will have doubt about the price move this week. Even a steady 100% a year looks very horiziontal on a 1 week chart.

"Blockstream’s Jonas Nick with 7 Tips for Better Bitcoin User Privacy" - Monero Mentioned

http://coinjournal.net/blockstreams-jonas-nick-with-7-tips-for-better-bitcoin-user-privacy/

Thanks to dnaleor for finding it!