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Topic: [XMR] Monero Speculation - page 1476. (Read 3313786 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
March 10, 2016, 01:17:23 AM


Speculation: Monero will replace Bitcoin long before anyone can replace the priceless comic antics of the DashHoles.

Or Monero becomes the most liquid market for Dash. That could happen.
sr. member
Activity: 392
Merit: 250
March 10, 2016, 12:21:36 AM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.
I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

I dont understand the new fees. Could someone explain this in plain english. What are the pros and cons for traders of this change?

When you make a market buy or sell, you pay the "taker" fee (starting at 0.25% in the new system).

When you place a buy or sell order that stays on the book and it gets executed, you pay the "maker" fee (starting at 0.15% in the new system).

The pros are:

1. That it encourages people to place orders on the book, increasing liquidity
2. Lower fees if you place orders on the book

The cons are:

1. Discourages market buys/sells, which may reduce the ability to trade patiently and get better prices
2. Higher fees if you make market buys/sells.

The new fees are also discounted for higher volume traders, which is an advantage if you are one, but irrelevant if you are a low volume trader.

Thank you. That was very useful :-) Much better explanation in comparison to what polo wrote.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
March 10, 2016, 12:14:41 AM


Speculation: Monero will replace Bitcoin long before anyone can replace the priceless comic antics of the DashHoles.
legendary
Activity: 2016
Merit: 1259
March 09, 2016, 11:38:40 PM
I have no problem with the new structure. Seems quite a smart way to go actually.

The lower limit of <600 Btc traded in a month is a but high though, surely there are few who actually reach that?

When I first bought bitcoin, the exchange was charging 6%.  Seriously.  To go from 0.20 to 0.25 doesn't really bother me.
member
Activity: 84
Merit: 10
March 09, 2016, 11:09:00 PM
I have no problem with the new structure. Seems quite a smart way to go actually.

The lower limit of <600 Btc traded in a month is a but high though, surely there are few who actually reach that?
legendary
Activity: 2968
Merit: 1198
March 09, 2016, 10:30:59 PM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.
I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

I dont understand the new fees. Could someone explain this in plain english. What are the pros and cons for traders of this change?

When you make a market buy or sell, you pay the "taker" fee (starting at 0.25% in the new system).

When you place a buy or sell order that stays on the book and it gets executed, you pay the "maker" fee (starting at 0.15% in the new system).

The pros are:

1. That it encourages people to place orders on the book, increasing liquidity
2. Lower fees if you place orders on the book

The cons are:

1. Discourages market buys/sells, which may reduce the ability to trade patiently and get better prices
2. Higher fees if you make market buys/sells.

The new fees are also discounted for higher volume traders, which is an advantage if you are one, but irrelevant if you are a low volume trader.
legendary
Activity: 1092
Merit: 1000
March 09, 2016, 10:22:33 PM
I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.

We need first define what do we mean by replacing btc.
Personally I mean XMR matketcap exceeds btc's marketcap and thus has chance to gain some network effect as well.

Sure btc network will continue and as long as there is some kind of marketcap left there will be liquidity to sell your coins. So if I call btc "dead" I do not mean so much that btc will not work technologically (which it has hard time now because the transactions take so awfully long time to confirm these days).
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
March 09, 2016, 10:19:50 PM
Given the correlation between these two, I'd say XMR rise is not because market participants are buying due to its fundamentals.
Rather its just hot money flowing into both markets.

We'd be more pleased if XMR increases in value independently of others.
That will speak volumes about the market's confidence in XMR's as a unique and viable currency.

Hot money inflows doesn't mean much. A rising tide lifts all boats.

For a real world example, see how stocks around the world performed after US Fed initiated QE1, QE2 and QE3.

ETH (and recently Factom, MaidScam, etc.) came to Polo because as the exchange with all the XMR stuff, all the cool kids hipsters hang out there.

Hot money inflows raise the price, which allows each tx to do more economic work using less tacoshi.  That feeds the virtuous circle between transactional utility and wealth preservation functionality.
newbie
Activity: 33
Merit: 0
March 09, 2016, 10:09:58 PM
XMR is currently at 0.00303800 from its previous low of 0.00223310
In other words, XMR is up 36%

ETH is currently at 0.02915000 from its previous low of 0.02122200
In other words, ETH is up 37%

Given the correlation between these two, I'd say XMR rise is not because market participants are buying due to its fundamentals.
Rather its just hot money flowing into both markets.

We'd be more pleased if XMR increases in value independently of others.
That will speak volumes about the market's confidence in XMR's as a unique and viable currency.

Hot money inflows doesn't mean much. A rising tide lifts all boats.

For a real world example, see how stocks around the world performed after US Fed initiated QE1, QE2 and QE3.
legendary
Activity: 1092
Merit: 1000
March 09, 2016, 10:09:08 PM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.

I do not know about you but personally these fees have never been an obstacle for me to buy Moneros.
After all, purchasing 1000 xmr with highest fees will cost you 2,5 XMR (instead of 2 XMR). Also, it might create less eagerness to dump but put coins for sale and waite until someone buysthose coins.

Personally I am more than compensating my fees by lending the newly purchased Moneros for some time in p2p-markets before I withdraw them.
sr. member
Activity: 392
Merit: 250
March 09, 2016, 10:06:06 PM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.
I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.

I dont understand the new fees. Could someone explain this in plain english. What are the pros and cons for traders of this change?
hero member
Activity: 870
Merit: 585
March 09, 2016, 09:26:50 PM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.
I opted in to the new fee schedule.
I was already placing all my orders as limit orders.  Using limit orders imposes self-discipline.  And it's good for the market.
hero member
Activity: 574
Merit: 500
March 09, 2016, 08:54:03 PM
Coming for doge and trash.
legendary
Activity: 2268
Merit: 1141
March 09, 2016, 08:41:00 PM
From Poloniex:

Quote
We will be adopting a maker-taker fee schedule beginning March 20th. For more information, visit: https://poloniex.com/fees

Any opinions? Not sure if good or bad. Ought to provide more liquidity ask/bid wise since it will be more expensive to marketbuy.
legendary
Activity: 1498
Merit: 1000
March 09, 2016, 08:35:01 PM
A whale now should clean the 320 area. I am sure a lot of stops hide there...
hero member
Activity: 644
Merit: 500
March 09, 2016, 08:33:36 PM
Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change Embarrassed

ETH is *much* more high profile (EG, Keynote Speaker Szabo + Imogen Heap + IBM/Microsoft is hard to beat) and the goal is easier to understand/appreciate than fungibility (Global supercomputer?  You mean like Skynet from The Terminator?  Cool!").

We should set a timer when ¨Skynet¨ will go online worldwide  Lips sealed
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
March 09, 2016, 08:30:58 PM
Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change Embarrassed

ETH is *much* more high profile (EG, Keynote Speaker Szabo + Imogen Heap + IBM/Microsoft is hard to beat) and the goal is easier to understand/appreciate than fungibility (Global supercomputer?  You mean like Skynet from The Terminator?  Cool!").
member
Activity: 78
Merit: 10
March 09, 2016, 08:20:51 PM
Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change Embarrassed
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
March 09, 2016, 08:18:04 PM
mcap has surpassed the venerable peercoin.  
legendary
Activity: 981
Merit: 1005
No maps for these territories
March 09, 2016, 08:16:15 PM
Here we go again... monero today is a party
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