Topic: [XMR] Monero Speculation - page 1457. (Read 3313576 times)

Yes that is usually the case. There is relatively little interest in shorting XMR most of the time, while people are very happy to short BTC* against whatever hot coin is being pumped.

* aka buying on margin.

    Unfortunately I don't hold a significant position in anything to hedge right now, though I'm getting a foothold again this last year or so.  For what I do have, I feel that CAD is  a poor choice in the next 6-12 months at least.  As a resource based economy, we are in a world of hurt.  I have zero faith in CDN banks or government; they think they are going to grow the economy by doubling down on infrastructure spending, while resource markets dwindle to nothing    I disagree on the long term.  CDN economy either goes drastically down before the US, or with it.  It certainly will not stand without it. If When USD starts to crack up, its time to divest ALL fiat, because not only is the world on fire, but the fall into the sea has begun.  I don't see that happening inside of 12 months, though I wouldn't want to bet on anything over 24 months at this time.  There is still considerable capital inflow to USD, and more to come as the world burns.  Interesting Times, to say the least.

  XBT has been questionable to me since it's fungibility came blatantly into question with coinbase et al and has not reassured me since.  That doesn't preclude a new XBT bubble, however, as market valuations have little to do with fundamentals, it seems.   Every day the case for XMR gets reinforced by TPTB, as capital controls, taxation, and surveillance spiral out of control.  It may be wishful thinking on my part, but aside from tangibles, there is no better choice than XMR.  Profit is incidental, though growth is necessary for the security and longevity of the project.  All we can do is position ourselves as best we can to survive and prosper.  Most people won't, but hopefully enough recognize the potential here to build a thriving economy outside the flames of the legacy system.

It doesn't work that way. Only when the trade is closed or the term expires is the loan paid back.

Was your loan period less than that?  Do you have autorenew on?
Thats a long time for that guy to hold a short, what a silly trader.  He must be desperately hoping it will come back down.

I'm actually really puzzled by poloniex's handling of the situation.  It seems if a borrower agrees to pay .1% a week ago and today there are multiple loans for .03% that poloniex would borrow an available .03%, kick back the borrowers .1% and pocket the .07% difference.

Very confusing to me why I am going on 20 days at .1% with XMR.

It will be implemented in the foreseeable future. See section 4.4 of this paper:

https://lab.getmonero.org/pubs/MRL-0005.pdf

Also note that:

Does monero have multisig?

I stumbled upon this. Apparently they are, next to the viewkey, also struggling with a private multi-signature:

https://github.com/zcash/zcash/issues/782

Welcome and enjoy my monero. I of course will get it back and I hope from what you profit you will gain more.

Added:


Looks like someone is butthurt because I didn't answer him.


BTW Slapper You have been on ignore for so long I forgot about you. If You hadn't been quoted I would not have looked at your post history to see what gems it contained and found that one. They are rather childish and transparent still. You should work on that and one day maybe you'll get un-ignored and replied to by other than new people.



I only day traded a few times the last month to increase my holdings without using coinbase.

You mean CAD. For someone in Canada I would argue that holding CAD can make sense over USD, especially if the idea is to hedge a significant XMR position. My take is that the over the medium to long term the fundamentals of the Canadian economy are stronger than those of the US economy, the Canadian banking system has historically been safer than the US banking system and last but not least CAD does not have the loss of reserve currency status risks associated with USD. When holding gold was made illegal in the United States in the 1930's many Americans kept their gold in Canada. The social and political risks can also be lower in Canada that in the United States.

As for XBT when it takes a day to get one confirmation from the Bitcoin network, as has recently been the case, the legacy fiat banking system actually becomes competitive,

Ultimately this is about one's comfort level. My comfort level is stronger with the smaller currencies, XMR and CAD than with the larger currencies XBT and USD.  

Edit: I am not interested in day trading here but rather in holding over the medium to long term.

Traders will be traders I guess.  Monero is hard to get right now without spiking up the price. 

Just put in a buy order at the top of the orderbook for a couple BTC, and look at how many 1 btc orders will quickly pop up in front if it.  At least 3. You have to fight several people and some bots for every 1 btc buy if you don't want to pay 2-3% extra.  Or you put in a lower order and wait for multiple days praying for a dump to happen.

You wont be able to stop him. Look at his post history, it's all about selling or not being in XMR for entire year etc etc while trolling other competitor coin threads and simply a legend in his own mind.

Just another prick with daddy issues growing up, so he is trying to make up for it by posting about imaginary trades where he probably wants to see himself come out ahead. All coins have these specimen.

Hello friend, thank you very much for the sell wall to help me get in with less slippage.  I appreciated it.  It has been very hard to get very much Monero, you have to wait days for a significant dump.  You won't be getting that XMR back from me, but maybe some weak hand will be kind enough to let you back in by putting up another sell wall or dumping into your buy.


As Monero rises it will leave behind part of its community who sold too much along the way, and never got the pullback they needed.  This is inevitable, some of the people posting now in this thread are going to mistime their trading and lose their Monero, and watch in agony for years as it rises.  But they will be replaced with new people as we grow.


I would recommend that we all limit our XMR trading sells to a reasonable percentage of our Monero, and if we mess up and can't get it back, hold on to what remains even harder.  This is better for Monero in the long term than losing some of its strong community members to their trading mistakes.  

Many times when I checked XMR lending rates have actually been lower than BTC lending rates.

Just repeating, for the record: I think oil is going down over the 1-2 week period, from here.  I think Yen is actually the best hedge in fiat.  I know it's crazy.  There must be like a quintillion yen out there.  Yet Mrs. Watanabe is dialing back on risk, so what are you gonna do?  GBP might do okay too, but big brexit volatility risk, so I can't recommend it to anyone but a gambling addict.  Gold is great long-term, scary short-term.  White metals to outperform for a while.

EDIT: If you really are a gambling addict, you might buy some SUNE and VRX, to see if David Einhorn and Bill Ackman can between them succeed in enriching you.  Remember to double up with XMR if they do, although it may take so long to find out, that XMR appreciation has meanwhile left you behind.

Spotted this on Twitter:

https://twitter.com/AlenaSatoshi/status/709837766150983680

FYI: She is one of the founders.

The trouble with CDN is that (despite the recent bounce ) it is on a downward trajectory against USD.  Holding it is a losing proposition. I bought some more BTC the other day just to take advantage of what I guessed to be a CDN high mark.  So far so good.  That BTC is easily and quickly  tradable for XMR or USD for  very reasonable fees, compared to CDN in the legacy banking system.  Days and days to transfer with many times higher fees.  WTF.  Might as well courier bullion.  CDN limit buy BTC right at market, then after a couple dollar rise (typically within a few hours) to more than cover fees, into USD where it can more safely wait for an entry point that I like.  Covoluted, but I dislike losing 1% overnight holding CDN just because oil dropped 50 cents.

Lets not forget the fact that in 2 years TPTB will likely have most holders mapped and the IRS will be taxing or planning on taxing their activities. I'd like to see them try that with XMR.

Added: BTW I hold no XMR atm. Fucking shark this morning. !@#$%#%!#@@%#@%

Teach me to try to help suppress while I buy to stop the bots.

As a person who likes BTC and XMR both, what I like more about XMR is that it gives you a %10 profit if it goes from 1 USD to 1.1 USD (happening easily), but what about BTC? If it wants to make you a %10 profit it should go from 400 to 440 and it happens much harder.