Topic: [XMR] Monero Speculation - page 1446. (Read 3313576 times)

I think this may be the largest wall in the history of monero though, that's pretty cool. Right now it's 628 BTC.

0.00200000   - 314212.06604900 - 628.42413210   

And its all in one buy order that can be removed at the whim of one entity.

Wow I just looked at poloniex today the bid volumes more than doubled!

Well there is a realer 50K wall @ 250

Who knows the intention of that wall.

Bitshits also had a huge wall some days ago, which was dumped into.


Actually considering how big the wall is it makes imo perfect sense to place it so low. It would be moronic to place it at 275. If someone wants to liquidate a big amount then they pretty much have to dump to his wall.

That is just awesome, thanks for your support luigi1111. The Monero node will run for another full month!
Used XMR.to to pay the VPS in bitcoin, anonymously and instantly! It still feels like magic to me.

I sent 4 XMR.

But on the other hand, if someone is bullish on Monero and looking for an exit, he will drive the price up in one way or another => the wall is a bullish sign.

Going to spam this place only once, but the offer is still valid. Two days remaining
(node has been upgraded to the latest version 0.9.2)

This is exactly what we were talking about regarding 'fake walls' earlier. 

If someone wanted to buy 400000 Monero, they would not put up a buy order like this.  The only thing such a huge buy order does is trick others into buying.  He probably has no intention of spending those 500 btc on Monero.


The person who put up the wall might simply be trying to trick people into driving up the price to some leve where he will sell, and then once he sells he will remove the buy order.


The wall is far away from the price, and unlikely to be touched.  So he feels safe with his large wall because no one will market dump 400000 monero into it at 200k.  But if the price got down near the wall, he would probably remove it.


Its easy to get manipulated/tricked by fake walls.  If you saw this wall and market bought Monero because of it, driving up the price, then you got tricked and are doing what the whale wants. 

The 200k buy wall is so big now that it is literaly off charts. Scary.

Hall of Fame post right there!

The Monero devs are working hard to perfect Monero so that it is ready to fulfill the initial vision of bitcoin, before it was taken over by money interests.  Back when Bitcoin was supposed to be anonymous and the community was full of people who were interested inthe technology instead of just getting rich fast. 

If BTC fails to adapt due to these conflicts, the long term bitcoin community will be able to choose between stuff like ETH which is an ICO premine that might not even work, or they will be able to choose Monero, and it will be like Bitcoin in 2010 again, except that there is an adaptive blocksize, tail emission so you dont have to support the network with fees alone, and true privacy, so coinbase doesn't shut down your account for spending your bitcoins in unapproved ways.


I hope for the future of crypto and the world that we choose Monero. 


Right now its easy for a former bitcoin maximalist to get into Monero and hedge this possibility.  Just .3% of your BTC and you have an equal stake in Monero.    Or you can go bigger and increase your overall stake in the scenario that Monero succeeds.  By the time most bitcoiners realize that this is something they need to do, it will be much riskier and cost them a greater portion of their BTC to hedge. 

^^Exactly and my greedy ass wants it all.  We are all here because somewhere inside lies a greed gene.   LOL    I do like other aspects of Monero and those reasons are why I'm here as well.  Yes in the future I would hope that more mine the XMR as emissions will ramp down and I realize this will help the coin.  For now as long as the price is under $5  all those GPU farms can get the hell on out of here.  I'm like a Ferengi and I adhere to the Rules of Acquisition LOL.    Greed is Eternal

http://www.sjtrek.com/trek/rules/

Presumably because Drhiggins mines...

Why would you hope they don't?  We should want every single CPU and GPU possible pointed at our network.  The more people competing on the network, the more secure the network, and the higher the inherent value of Monero.  
  
You don't think we can become a global currency with a 15 mh/s network do you?  No, we will eventually need to scale up to terahashes and petahashes.  One day, twenty years from now, nuclear powered computers might exist solely to mine Monero.

Over all the hash rate across the network has been down the last 2 weeks, even with the rise in price of XMR.  This is something I monitor each day, just to keep an eye out for GPU farms turning their miners to Monero.  I hope they never do but with the rise in price its just a matter of time.   

MAID also got a 1600 BTC bid wall today. Whale's out to play?

This.



"FUD train" is a bit dismissive and papers over the fact that for the first time, Bitcoin is meaningfully handing key use-cases to alts. Core's roadmap that clearly has no regard for keeping on-chain fees as cheap as possible for as long as possible, is opening the door for alts to satisfy the demand for secure & cheap transactions. Further, Core stonewalling the community, and stagnating development that's actually meaningful to users is scary.

Thus, the key thesis that Bitcoin can and will adapt when necessary, and/or adopt innovations from alt-coins (adaptive blocksize anyone?) when it's clearly advantageous to do so, is now empirically in question.

So you can count me as one of the people who's been staunchly Bitcoiin-maximalist for *years*, but is now questioning Bitcoin's direction in a fundamental way that I have not before. There hasn't been an event in Bitcoin, until now, which threatens to fundamentally change Bitcoin's longterm vision and key value. So it's pretty darn reasonable for people to start looking elsewhere. I personally haven't converted any cold-storage BTC to alts, but as you note, I'm seeing long-time Bitcoiners do so (or at least talk about it) for the first time. Core and supporters may want to take notice before the reality that Bitcoin is not operating in a competition-free vacuum hits them in the face. There's still time to fix this. But not much.