Topic: [XMR] Monero Speculation - page 1451. (Read 3313576 times)

BAAAZINGAAAA!!!!

I've been a daily reader of this thread for a couple of months now but I'm not a trader and though I've tried to understand what's going in Poloniex, it is still something of a mystery to me even though I watch it assiduously .

SoI have a couple of questions if you don't mind.

First, what is the effect of a 'buy' and 'sell' wall? What does it do, and what does it aim to do - its purpose? Can you give me an example of how it might either raise or lower the price of xmr? How it might affect someone's behavior?

Second, I see many of the other currencies being heavily traded. In the last few days, some seem to have done very well. I don't visit any other threads besides this one, but sometimes I get the impression that someone(s) has it in for Monero - that there is a deliberate intention to keep the price down. Is that just me being paranoid? Would you find, on other currency threads, people complaining about buy and sell walls? Does it happen all over? Could there be a rationale for doing so?

I'm a fairly big holder of Monero so of course I want to see the price go up. I'm also in no hurry for it to do so. But still...

The solution is still the same: buy every spot Monero you can, don't use margin, and never capitulate your position once you own a spot Monero - regardless of what the (heavily manipulated) market depth is showing.  
  
Take XMRs one-by-one from those who either don't want them (and don't understand what they are holding), or those who would use their XMR to try to acquire more cheaper.  Then never give it back; it's simple.  Pennies now are thousands of dollars later.

Thanks. Now noticed it is on https://www.reddit.com/r/monero as well. Just upgraded both nodes since there are "Huge bug fixes to the database hard fork handling".

Would you say the same thing if there was a XMR bully bull whale?

PirateAt40 got burned because he thought he could hold the BTC price down in 2012.

I look at it as there is no manipulation if they bought their XMR legitimately. The price of XMR is what the price is right now.

Just my TWO 0.02XMR.

With safe I meant not having your XMR on the exchange. But safest option is indeed storing them in a paper wallet or Trezor.
Still I think that the GUI will serve as convenient and intermediate solution, especially for those not planning on saving (aka 'hodling').

Yeah, Debruyne has been spreading the word on the various channels. It isn't up yet on getmonero.org, but the github has it:
https://github.com/monero-project/bitmonero/releases/tag/v0.9.2

Did I miss something, is there already a release 0.9.2? On getmonero.org the latest binaries are 0.9.1

I assume you were replying to this?



Note this isn't possible (well there's a ~6% chance it's possible). dEBRUYNE's link above can create a .keys file for you from a MyMonero seed (if I understand it correctly from a quick glance), but the latest simplewallet can now also restore from spend and view private keys (get the from MyMonero or http://xmr.llcoins.net/).

The best option for people looking for compatibility as new wallet users is to create a 25-word seed from one of the many places and log into MyMonero with that.

On mobile so can't look but have we fallen bellow the 4h wedge yet?

Testing the horizontal support zone again:



Ask side until 275k is relatively flat.

I did some further testing. The viewkey is not really a big deal if you run a node yourself:
When you synced your wallet and disconnect your trezor, a file for each wallet is left on the PC. This is needed for when you reconnect your trezor.
But you can delete the file if you want. The only disadvantage is that you need to scan the whole blackchain again with your viewkey. I don't know if the viewkey is actually stored in this file, I should ask NoodleDoodle about it. But it at least seems to store which txo's are owned by your wallet.

What I'll probably will do is the following, have at least 3 wallets:
1) a passwordless spending wallet with a low amount. I'll keep the file on the PC. Easy to spend, easy to access, easy to prove the existence of the wallet.
2) a password protected "medium storage" wallet. If you don't want people to see you own a second wallet, you can encrypt and move the wallet-file to somewhere else and not keep it locally. When you need to access your medium storage, you get the file, decrypt it, and put it in the correct folder. You open the wallet, do your thing, and then encrypt and move the wallet file again. Harder to access, but still pretty fast process, difficult to prove the existence of the wallet.
3) a password protected wallet for long term storage. You delete the file to erase any prove that it exists. When you want to access it, you need to scan the blockchain again. Hard to aaccess, will take a while before you can spend it, impossible to prove the existence of the wallet.

You can keep for example 1% of your XMR in (1), 10% in (2) and 89% in (3)

I'll put all this in a manual once everything is considered "stable" alongside the basic "how to use trezor woth monero"

yeah that's cool, at least I do not feel hesitant holding the bag for monero, cheers

Azure integration you say....

Well if the rumors I hear about Azure integration and a possible Ethereum-esque DAPP layer on top of Monero are true, then $5 to $20 is not impossible.

say your little speculation to me, your predictions about the price of the highest monero this year

I just really hate this XMR bully whale.  I watch as he/she/it ruthlessly works the stack for profit, using their hundreds of thousands of Monero to (try to) force holders to capitulate their positions, all the while scraping the asks and picking up cheaper ones - before releasing their price suppression walls just long enough to bully down any new exuberance.  
  
You say consolidation is good, but what is not good is when a community can't even discern something's true price because it constantly gets forcefully manipulated.  I just long for the day when one of the Bitcoin whales decides to make a grand entry into Monero and soaks up every single XMR being used for price suppression for good.  
  
Until then the only answer is for HODL'ers not to give these tactics a single inch.  Buy every spot Monero you can afford, attack fake ask walls when you see them, and never try to flip out of a position to get a lower price.  If we as a community show these asses that these tactics aren't profitable, they'll stop.

"The Complete Guide to Using Bitcoin Anonymously Around the Web" - Monero mentioned:

https://99bitcoins.com/complete-guide-using-bitcoin-anonymously/

Instructions for building Win32 binaries of v0.9.2 - Hydrogen Helix:

https://forum.getmonero.org/5/support/2510/building-monero-v0-9-2-on-win32Monero