Topic: [XMR] Monero Speculation - page 1571. (Read 3313576 times)

Very cool, brilliant idea.

Has anyone verified if the code is safe to hold significant amount of Monero as a wallet?

Yeah, because of the dumps I cashed out some btc instead of buying.


Word


Nice offer hope it gets taken up. My liquidity would have no bearing ATM. :|

Compared to a year ago the emission level is smaller and considerable development progress has been made. Not everyone here is a trader. Many of us want to help build something that can provide financial freedom to the world.

You can thank me for part of it. Learnt my lesson last year, but this community and coin is about making money and not giving it value (yes it's kinda dubious). Will buy back around 105k (even if it takes a few weeks to get there, and it will, because not enough people believe it as a store of value). I suspect the community is very small also, all they do is pick fights in other threads, social media etc and even real vendors called them out for it despite being warned for the last 2 years about this negative strategy. Look at the alt section now, 10s of Ethereum threads but there is no complaint from the trolls even though ICO is a complete scam objetive regardless of the tech. Why? Just because this coin was launched in a fair manner and the tech is best in class is not enough. On top of that the community is full of posers dumping on each other.

heavy dumps today, volume good so far.
bid side damaged, but will maybe recover as soon as other coins cool off. crazy day..

still 70% trx with mixing 0, the hardfork will change a lot for sure.
difficulty slowly creeping up, good good

New Monero community project was announced earlier on the ANN thread, might be of interest here.


Follow link for more info

Looking at the 3 min, seems like a lot of dumping last night and a lot of asks placed lower. Bid side is a bit damaged, hopefully it will recover (perhaps some bids are riding on another pump). Thus far we managed to hold the support at the lower 140ks.

Monero seems to be lagging today especially compared to the other coins

Shorts are out in force today.

They're borrowing about 3,000 XMR from me.  Probably the ones at 0.00144.

I'd guess a total of 12k are being lent ATM.

If anybody wants to squeeze them, LMK and I'll pull my the rest of my coins off the lending and Sell markets.  

W0w, I dumped so much of that shitcoin last year. Kinda glad to hear because there was real decent guy selling silver that was a huge bagholder. Hope he scored.

Shen is a beast.

Math lord, Crypto boss, and Pro coder all in one.  Monero Mountain is lucky to have him as a resident mustang! 

Send him a tip if you like.  His XMR donation address is at https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/cwdnkaz

Thanks for the perspective. What are your thoughts on the next 12months for BTC and XMR?

This is my perspective from the point of view of someone who was there at the time. The XBT/USD exchange rate from mid 2011 to the end of 2013 was influenced to a significant degree by the rise and collapse of two massive XBT naked short positions. These were pirateat40 who at its peak led the market to believe he was good on around 800,000 XBT and MTGox who also at its peak led the market to believe it was good for around 800,000 XBT. To put things into perspective the total number of XBT during the same period of time ranged from about 6.7 million to 12 million. These means we are talking of naked short positions in the neighborhood of over 10% of all XBT.

The influence of massive naked short short positions on any market is very predictable. First there is falling and then stable prices as the short positions are built up. Then when the market starts to rise on its own accord the shorts are squeezed to the wall causing a meteoric rise in prices and after the dust settles the market ends up at significantly higher price levels. The Winklevoss were among many smart money investors both large and small who played the classic naked short squeeze: 1) Buy 2) Take Delivery 3) Wait 4) Profit. 

The situation with Monero is actually very different since there are no massive naked short positions waiting to be squeezed. The fundamentals are very strong but in a different way.

Wow that was fast!? Epic.

Ring CT Crypto library ready for testing!

https://github.com/ShenNoether/RingCT

https://www.reddit.com/r/Monero/comments/42tpcd/ring_ct_crypto_library_ready_for_testing/

My guess is it will play out the same. A year from now all we'll see is people who wish they had bough in around this time.

I read they started buying at $9, so that would be around summer 2012. The price was then stable around $10-13 for months after that, there was even some uncertainty in the air because of the pirateat40 scam coming undone. Nobody was sure what would happen when the block reward halved, people saying it was already priced in, etc. Certainly their buying took a lot of BTC off the table, but there were a lot of people quietly buying at that time...it was a good time!  

Some BTCs (bids) might be removed to jump on one of the alt rallies today, they might be back later.

Also, that 167-168k resistance is pretty tough, so it might take a few tries (and subsequent retraces) before we blow through it.

When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right?  
  
I need to try to find the speculation threads of when that was happening.  I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals.  Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it.  
  
Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer.  It's when no one expects it that price goes to Alpha Centauri.  

Do you hear that? It's the sound of people making money.