[XMR] Monero Speculation - page 1417.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: saddambitcoin on March 24, 2016, 08:09:51 PM

About 2 years ago I didn't know much, but I was interested in Monero so I forced myself to learn how to use the command line wallet. It was fun to learn how things worked on a deeper level so I started learning how to code when I had the time.

Fast-forward to now and I will be starting a new job as a developer next Monday. I still have a lot to learn, but now someone will actually be paying me to write code for them. HAHA! Thanks Monero!

Fantastic story, and congrats on the new job!

saddambitcoin

legendary

Activity: 1610

Merit: 1004

About 2 years ago I didn't know much, but I was interested in Monero so I forced myself to learn how to use the command line wallet. It was fun to learn how things worked on a deeper level so I started learning how to code when I had the time.

Fast-forward to now and I will be starting a new job as a developer next Monday. I still have a lot to learn, but now someone will actually be paying me to write code for them. HAHA! Thanks Monero!

I post this to say that anyone can learn how to do this if you have the interest and make time for it.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: explorer on March 24, 2016, 07:47:14 PM

Quote from: Imste on March 24, 2016, 07:42:19 PM

Monero is definetly the coin to be in for the next couple ~~weeks~~ years, mark my words!

FTFY

And look at that depth chart on polo LOL

green wall going vertical

It's bouncing around so much...I'm getting seasick.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Imste on March 24, 2016, 07:42:19 PM

Monero is definetly the coin to be in for the next couple ~~weeks~~ years, mark my words!

FTFY

And look at that depth chart on polo LOL

green wall going vertical

Imste

newbie

Activity: 23

Merit: 0

Monero is definetly the coin to be in for the next couple weeks, mark my words!

nioc

legendary

Activity: 1624

Merit: 1008

Oh my, 22 btc sell wall @420 eaten in 3 minutes

Now a 4.20 btc sell at 420 just placed, cute.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: smooth on March 24, 2016, 06:21:21 PM

Quote from: iCEBREAKER on March 24, 2016, 06:18:25 PM

Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.

I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here.

OK, so what have you learned from being spectacularly wrong about LTC for so many years? How has that new information changed your assuredly well-informed and rigorously logical opinion?

Healthy skepticism about other coins in the XMR speculation thread is one thing.

Making the eleventy-millionth 'zomg LTC is totes useless and will die Soon amirite' post only invites others to bring up the digressive usual points about CNY/LTC volume, the desirability of redundant backups for critical systems, and overflow capacity for price/time sensitive use cases.

I'd rather celebrate XMR's victories than cast aspersions on LTC's viability. We don't need to tear BTC/LTC down to raise XMR up. It's not zero sum. The crypto pie is growing so fast that all legit/useful/innovative projects may have a nicely sized slice.

nioc

legendary

Activity: 1624

Merit: 1008

On a scale of 1 to 10 how tempted am I to sell any Monero now?

0 Grin

A couple of days ago I rethought my position being that the price was relatively high. I had some btc acquired from poker so it's not like I could send it to CB Cool

Instead I sent it to ShapeShift in exchange for Monero. I'm used to placing bids and using SS is the same as buying asks so my rate was 334. Lower than it had been the prior day or 2 and certainly lower than it would be in the future. Today was a pleasant surprise

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

MyMonero is back online.

https://mymonero.com/#/

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TheKoziTwo on March 24, 2016, 05:48:54 PM

It seems like the same user who just the other day made a reddit post titled "I get margin called at 254K...someone help now!" switched to a short and ended up getting margin called now during todays rally, losing 140 BTC.

From Trollbox:
Pepperpig: I was short XMR and lost 140 BTC on it
Pepperpig: I made 220 btc on ETH, and 140 btc loss on XMR
Pepperpig: I probaly caused the XMR moon

I think it's the same guy because he also wrote this

Of course there's no way to know if there is any truth to this, he could be just bluffing. But it sounds plausible to me. Easy come easy go.

This made me all warm and fuzzy inside thx! Cheesy

http://www.polonibox.com/?username=Pepperpig

smfuser

member

Activity: 82

Merit: 10

Quote from: explorer on March 24, 2016, 06:15:49 PM

Quote from: smfuser on March 24, 2016, 06:02:32 PM

Quote from: explorer on March 24, 2016, 05:15:44 PM

XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL

Where are you getting over 1.86% per year from a bank?

Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex.

2.5% limited offer savings account. My chequing account is only 0.25% Roll Eyes

) and that 1.86 is actually 1.58 after polo takes their cut.
At that rate it will be pretty much 100% deployed all year, but a 5 day term at 0.5% will net more than a year at 0.005%. If you have to wait 6 months to deploy the .5% loan, you are still ahead. To each their own, I guess.

Some such lenders may mistakenly think there is minimal risk of losing all their funds at Poloniex.

Do you mind saying which bank is paying the 2.5% savings rate?

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: TheKoziTwo on March 24, 2016, 06:15:37 PM

Quote from: explorer on March 24, 2016, 06:05:16 PM

Quote from: smooth on March 24, 2016, 05:59:37 PM

Quote from: explorer on March 24, 2016, 05:15:44 PM

XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL

Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.

Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.

Imagine offering a 100k free 2-day loan and somebody takes it. After 2 days you change the rate to something much higher. The guy is now forced to pay very high rates or close his position. Not saying that is the case here, but it could be one justifiable reason for offering "free" loans.

That does make sense, as you would only have to catch a tiny portion of the rebound to make some money. Or use it to manipulate market price and make your money there.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iCEBREAKER on March 24, 2016, 06:18:25 PM

Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.

I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Melbustus on March 24, 2016, 03:00:19 PM

in Litecoin's case, on "me too" tech that offers nothing to the ecosystem

You mean like how a hospital's secondary (backup) and tertiary (failsafe) generators are "me too" tech that offer nothing to the doctors and patients inside?

LTC stays in the 9 figure range because it works, and a 'generation' of (Chinese) bitcoiners were introduced to both at the same time. LTC is the one made by a super-smart Chinese-American guy from a very successful family, which doesn't hurt at all for PR purposes....

And you are literally wrong, because LTC's additional tps capacity is next in line to absorb marginal use cases priced out (or timed out) of BTC.

Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: smfuser on March 24, 2016, 06:02:32 PM

Quote from: explorer on March 24, 2016, 05:15:44 PM

XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL

Where are you getting over 1.86% per year from a bank?

Of course, XMR loan rates should be much higher given the high risk of keeping funds at Poloniex.

2.5% limited offer savings account. My chequing account is only 0.25% Roll Eyes

) and that 1.86 is actually 1.58 after polo takes their cut.
At that rate it will be pretty much 100% deployed all year, but a 5 day term at 0.5% will net more than a year at 0.005%. If you have to wait 6 months to deploy the .5% loan, you are still ahead. To each their own, I guess.

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: explorer on March 24, 2016, 06:05:16 PM

Quote from: smooth on March 24, 2016, 05:59:37 PM

Quote from: explorer on March 24, 2016, 05:15:44 PM

XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL

Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.

Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.

Imagine offering a 100k free 2-day loan and somebody takes it. After 2 days you change the rate to something much higher. The guy is now forced to pay very high rates or close his position. Not saying that is the case here, but it could be one justifiable reason for offering "free" loans.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

1 XMR = 1 BTC in the summer of 2017, IF this trend continues...

As always, NO GUARANTEES Wink

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

This article might interest some readers:

https://bitcoinmagazine.com/articles/zcash-ceo-zooko-discusses-privacy-and-efficiency-tradeoffs-vs-the-bitcoin-blockchain-1458829054

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: explorer on March 24, 2016, 06:05:16 PM

Quote from: smooth on March 24, 2016, 05:59:37 PM

Quote from: explorer on March 24, 2016, 05:15:44 PM

XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL

Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions.

Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous.

If you are leaving your coins on there long term (not saying that is a good idea -- it isn't -- but many people do so anyway), you might as well, at least if you don't consider the risk of default to be significant.

Monerobuyer0

full member

Activity: 126

Merit: 100

Those low rate loans are from some guy who has had xmr in there for months and never changed the rate. He just doesnt pay any attention to it.

I am not loaning any XMR below .5% any more. I miss out on some small gains sometimes, but then I am ready to catch the big lending rates when they happen, and they are worth WAY more.

Topic: [XMR] Monero Speculation - page 1417. (Read 3313576 times)