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Topic: [XMR] Monero Speculation - page 1540. (Read 3313576 times)

hero member
Activity: 722
Merit: 500
February 17, 2016, 11:13:19 AM
Shorting means betting on further price drops, so are these shorters idiots, insanely altruistic, or do they know something I don't?

They are fallible. As a swing HODLer I can attest to that. They are herd animals (see the troll boxes). They have Ferengi blood and suffer from violent attacks of FOMO. (I have no hard proof of  this). Put these three things together and it becomes obvious that at times a significant proportion of them will do stupid things at the same time.
legendary
Activity: 1344
Merit: 1000
February 17, 2016, 11:10:45 AM
Many people got burnt on the dump in all the altcoins. Many of the altcoins have gone down sharply. This is the chance to accumulate more Monero if you believe in this coin. The price is cheap right now compared to one day ago.
legendary
Activity: 1092
Merit: 1000
February 17, 2016, 11:06:03 AM
Shorting means betting on further price drops, so are these shorters idiots, insanely altruistic, or do they know something I don't?

If the dump is originated from short sells, then I guess they are betting on further drops. Perhaps they attempt to create panic atmosphere with sudden extreme moves.
full member
Activity: 121
Merit: 100
February 17, 2016, 10:46:45 AM
Shorting means betting on further price drops, so are these shorters idiots, insanely altruistic, or do they know something I don't?
legendary
Activity: 1092
Merit: 1000
February 17, 2016, 10:23:21 AM
I am holding.
Is there massive short positions or people just withdrawn the coins from lending markets? 24 hrs ago we had approximately 100 kXMR in lending markets, now the supply is only 20 kXMR.

Hint: Margin trading. Keep your coins, the proper verb is "hodl"  Smiley

Yes it looks like the dump is completely artificial done by shorters.
If it is done via shorting, there are forces to embrace any significiant dumping via short covering. If there will not be dumping, the covering will take Monero to the next orbit into extraterrestial realms.

May the Force be with us.


P.S. I increased my interest rate.
sr. member
Activity: 453
Merit: 500
hello world
February 17, 2016, 10:22:39 AM
I am holding.
Is there massive short positions or people just withdrawn the coins from lending markets? 24 hrs ago we had approximately 100 kXMR in lending markets, now the supply is only 20 kXMR.

Hint: Margin trading. Keep your coins, the proper verb is "hodl"  Smiley

i dont get your hint macsga, did you look at the data after all or is this just your conclusion without looking at the exchange?

to me it looks like lending supply is indeed drying out, why this is happening is hard to say.

open positions could be forced to close once they are not able to renew ? or is it possible to change the max lending rate % ?

btw its now at 48k again allready.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
February 17, 2016, 09:43:33 AM
I am holding.
Is there massive short positions or people just withdrawn the coins from lending markets? 24 hrs ago we had approximately 100 kXMR in lending markets, now the supply is only 20 kXMR.

Hint: Margin trading. Keep your coins, the proper verb is "hodl"  Smiley
legendary
Activity: 1092
Merit: 1000
February 17, 2016, 09:41:44 AM
I am holding.
Is there massive short positions or people just withdrawn the coins from lending markets? 24 hrs ago we had approximately 100 kXMR in lending markets, now the supply is only 20 kXMR.
sr. member
Activity: 280
Merit: 250
February 17, 2016, 09:26:07 AM
Holy volume, Batman!

It's one thing to read the comments about volume, but to look at it on the charts...WHOA.  What the heck has caused THAT spike?  Is it really ETH dumpers?  Whales?  Manipulators?  

Good time to HODL.  I'm not one for jumping in front of trains, whichever direction they are heading.

This is also a good point IMHO. If you look at the two week charts on Polo, it's crazy how everything went ballistic. Sea of red today. Very tricky to know what is going on in general. So, HODL!
sr. member
Activity: 280
Merit: 250
February 17, 2016, 09:20:58 AM
Rias - take your pick:

Perfect storm for Monero:

+ MultiSig
+ GUI funded
+ Daily Decrypt
+ Peter Todd
+ Shen #REKT Shadowcash
+ ETH going crazy

So awesome to see 100ks of XMR flying around on Polo.

Need to get on Kraken and BTC-E too.   Cool
sr. member
Activity: 373
Merit: 250
February 17, 2016, 08:46:29 AM
I missed the party. Any retrospective thoughts on what caused the start of this rally?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
February 17, 2016, 08:00:03 AM

I think Monero is the best anonymous coin. So I will hold some. But it will not be big part of my wealth.

Not yet, at least.
full member
Activity: 125
Merit: 100
Chief Technology Officer, NYC
February 17, 2016, 07:32:35 AM
Was I right yesterday or what? Monero went to the crapper. It was fake volume and arranged pump all along. It wasn't an organic move up based on real buyers doing real buying.

Monero's not ready for prime time yet. The wallets are not working out of the box. Tested their lite wallet the other day. Didn't work.

The market cap should be somewhere around 4-5mil tops maybe lower.

You're a curious one.

You haven't posted anything since April 2014.... and then suddenly you come out of the blue after almost 2 years and immediately start FUDDing Monero.

My guess is that you're a little bit out of your depth. Perhaps you sold a bit, and now are trying to push the price down.

You claim to wave the flag for Dash, but have never once posted about Dash in any positive capacity whatseover.

I think its a little bit pathetic frankly. Markets move up and down. It's nothing to be scared of.

And the idea that single posts (or a compendium of posts spanning multiple threads) can contribute to market forces is, frankly, somewhat risable.

It's almost as if a kind of troll-blindness materialises that prevents the desperate protagonist from seeing what everyone else can see: strategic fud and trollagonism.

Save your energy. All you're doing is telling people you want the market to go down. You simply don't have the intelligence to phrase it in any other way, or in a way that is in harmony with the actual bullcrap that you write.
sr. member
Activity: 294
Merit: 250
February 17, 2016, 06:46:44 AM
Was I right yesterday or what? Monero went to the crapper. It was fake volume and arranged pump all along. It wasn't an organic move up based on real buyers doing real buying.

Monero's not ready for prime time yet. The wallets are not working out of the box. Tested their lite wallet the other day. Didn't work.

The market cap should be somewhere around 4-5mil tops maybe lower.
sr. member
Activity: 446
Merit: 250
Unpaid signature.
February 17, 2016, 06:40:21 AM
Woow. Monero, just like eth and maid got hammered today. Though to be honest, xmr support seems to be the strongest of the the three main coins today. Yet, I'm not sure if xmr dump was the only one today. Others may follow. Will see soon I guess.

It has very strong support in the 130-150 area. You must be stupid to sell below 170k. What for?
Unless you wanna break 170 to buy at the above range.

Maybe that was the plan (hence the 65K wall).

Good luck trying to send it back in the 100k area though...

In short term, it could drop further. One reason is that the bitcoin price is rising. Most altcoin will drop.

I would not bet on this for various reasons.

I think Monero is the best anonymous coin. So I will hold some. But it will not be big part of my wealth.
legendary
Activity: 1498
Merit: 1000
February 17, 2016, 06:08:40 AM
Woow. Monero, just like eth and maid got hammered today. Though to be honest, xmr support seems to be the strongest of the the three main coins today. Yet, I'm not sure if xmr dump was the only one today. Others may follow. Will see soon I guess.

It has very strong support in the 130-150 area. You must be stupid to sell below 170k. What for?
Unless you wanna break 170 to buy at the above range.

Maybe that was the plan (hence the 65K wall).

Good luck trying to send it back in the 100k area though...

In short term, it could drop further. One reason is that the bitcoin price is rising. Most altcoin will drop.

I would not bet on this for various reasons.
full member
Activity: 238
Merit: 100
February 17, 2016, 05:56:46 AM
Woow. Monero, just like eth and maid got hammered today. Though to be honest, xmr support seems to be the strongest of the the three main coins today. Yet, I'm not sure if xmr dump was the only one today. Others may follow. Will see soon I guess.

It has very strong support in the 130-150 area. You must be stupid to sell below 170k. What for?
Unless you wanna break 170 to buy at the above range.

Maybe that was the plan (hence the 65K wall).

Good luck trying to send it back in the 100k area though...

In short term, it could drop further. One reason is that the bitcoin price is rising. Most altcoin will drop.
legendary
Activity: 1498
Merit: 1000
February 17, 2016, 05:34:57 AM
Woow. Monero, just like eth and maid got hammered today. Though to be honest, xmr support seems to be the strongest of the the three main coins today. Yet, I'm not sure if xmr dump was the only one today. Others may follow. Will see soon I guess.

It has very strong support in the 130-150 area. You must be stupid to sell below 170k. What for?
Unless you wanna break 170 to buy at the above range.

Maybe that was the plan (hence the 65K wall).

Good luck trying to send it back in the 100k area though...
sr. member
Activity: 392
Merit: 250
February 17, 2016, 05:17:53 AM
Woow. Monero, just like eth and maid got hammered today. Though to be honest, xmr support seems to be the strongest of the the three main coins today. Yet, I'm not sure if xmr dump was the only one today. Others may follow. Will see soon I guess.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
February 17, 2016, 05:12:23 AM
is the uptrend still valid? Next 24 hours will probably tell us:
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