[XMR] Monero Speculation - page 1670.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: dEBRUYNE on October 28, 2015, 01:19:40 PM

Quote from: Hueristic on October 28, 2015, 01:15:23 PM

Quote from: dEBRUYNE on October 28, 2015, 01:03:58 PM

...

Yeah and it probably also has the best liquidity. If I recall correctly, they have some guide on their site that explains it all. Basically, with shorting you borrow BTC from someone on the site for a certain interest rate. Subsequently, you sell them and if the price declines you buy them back to realize your profit.

Do you have a referral number?

Quote from: funnyman21 on October 28, 2015, 01:06:57 PM

...
I also think BTC is due for a correction but you can never be 100% sure. Shorting is dangerous. If your only goal is to buy more XMR why not just buy more XMR now instead of shorting BTC?

I'm a gambler, If I short and win and XMR prices stay sideways (I think that likely during my shorting period) then I get MOAR XMR!!!!

Mohahahahaha. Cheesy

Actually I would get alot more if I didn't get sucked out on in a couple 1500 dollar pots last week and just bought instead. @$!$##!@

I looked through my account, but can't find a referral link anywhere :-P

Bummer.

Anyone got a Referral number for Bitfinex? Setting up acct now just waiting on a number. Not sure what it pays there.

EDIT:

This is how to find it.

https://www.reddit.com/r/BitcoinMarkets/comments/1z5oa1/where_to_find_referral_code_on_bitfinex/

Quote

https://www.bitfinex.com/representatives - you need to have this enabled manually on your account though.

You'll see someting like this then:

Your representative account is ACTIVE
Your referrer code (give this code to your affiliates when they register on Bitfinex) x5K9YtL3Zb
Currency to receive income USD
The affiliate program gives you access to the following benefits:
x% on affiliates' trading fees
x% on affiliates' lending fees
Bitfinex reserves the right to make adjustments or changes to the affiliate program.

Feel free to use my code or just contact Bitfinex, maybe they'll enable your account too.

dloghwak

sr. member

Activity: 290

Merit: 250

Quote from: smooth on October 28, 2015, 01:07:19 PM

Quote from: Hueristic on October 28, 2015, 01:00:43 PM

I'm 100% convince this is a BTC bubble

Someone on the wall observer thread was talking about some MMM ponzi. I couldn't follow it and I have no idea what effect that might have. Does anyone think that has any merit?

Given the critical role BTC has in trading XMR it seems we ought to understand if there is some large (?) unsustainable factor driving current BTC prices, and how close that might be to reversing.

https://www.reddit.com/r/BitcoinMarkets/comments/3qd7cc/this_week_at_okcoin_china_update_mmm_ponzi/
http://cointelegraph.com/news/115425/btcc-ceo-bobby-lee-warns-bitcoin-investors-about-mmm-ponzi-scheme

Could be the reason for the current rally. But it seems no one analyzed the input/output of the ponzis adresses yet.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Hueristic on October 28, 2015, 01:15:23 PM

Quote from: dEBRUYNE on October 28, 2015, 01:03:58 PM

...

Yeah and it probably also has the best liquidity. If I recall correctly, they have some guide on their site that explains it all. Basically, with shorting you borrow BTC from someone on the site for a certain interest rate. Subsequently, you sell them and if the price declines you buy them back to realize your profit.

Do you have a referral number?

Quote from: funnyman21 on October 28, 2015, 01:06:57 PM

...
I also think BTC is due for a correction but you can never be 100% sure. Shorting is dangerous. If your only goal is to buy more XMR why not just buy more XMR now instead of shorting BTC?

I'm a gambler, If I short and win and XMR prices stay sideways (I think that likely during my shorting period) then I get MOAR XMR!!!!

Mohahahahaha. Cheesy

Actually I would get alot more if I didn't get sucked out on in a couple 1500 dollar pots last week and just bought instead. @$!$##!@

I looked through my account, but can't find a referral link anywhere :-P

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: dEBRUYNE on October 28, 2015, 01:03:58 PM

...

Yeah and it probably also has the best liquidity. If I recall correctly, they have some guide on their site that explains it all. Basically, with shorting you borrow BTC from someone on the site for a certain interest rate. Subsequently, you sell them and if the price declines you buy them back to realize your profit.

Do you have a referral number?

Quote from: funnyman21 on October 28, 2015, 01:06:57 PM

...
I also think BTC is due for a correction but you can never be 100% sure. Shorting is dangerous. If your only goal is to buy more XMR why not just buy more XMR now instead of shorting BTC?

I'm a gambler, If I short and win and XMR prices stay sideways (I think that likely during my shorting period) then I get MOAR XMR!!!!

Mohahahahaha. Cheesy

Actually I would get alot more if I didn't get sucked out on in a couple 1500 dollar pots last week and just bought instead. @$!$##!@

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: dEBRUYNE on October 28, 2015, 12:56:37 PM

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

I've been observing this as well. He/she/it also has a pretty sophisticated bot, that constantly places random asks etc. In addition, he nearly always places a group of small asks (mostly something like 150-250-300) near the price and some bigger random asks (1-4k) a bit further away. His "manipulation" is quite salient. This behavior started after that massive (shortsale) dump until 0.0013, when basically all the loan offers were taken out (not immediately by the way). I've also seen this bot in a sort of reverse mode, but it mainly supresses the prices currently (like Klee pointed out).

I don't think its anything more complicated than some whale has a boatload of xmr and they want to cashout to fiat. Currently the only process is to go from xmr -> btc -> fiat, because at he/she/its level of holdings, an OTC trade probably wouldn't be wise ("oh yeah here's my 10k USD paypal transaction doop dee doo"). The value of all cryptocurrencies are linked to btc value, so this could be someone just seizing the opportunity to cash out of cryptocurrency while the gettings good. To do so at maximum value requires using a bot due to the liquidity of xmr. I'd say this is backed by the fact that this action has been going on since btc started its multimonth rise.

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: dEBRUYNE on October 28, 2015, 12:56:37 PM

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

I've been observing this as well. He/she/it also has a pretty sophisticated bot, that constantly places random asks etc. In addition, he nearly always places a group of small asks (mostly something like 150-250-300) near the price and some bigger random asks (1-4k) a bit further away. His "manipulation" is quite salient. This behavior started after that massive (shortsale) dump until 0.0013, when basically all the loan offers were taken out (not immediately by the way). I've also seen this bot in a sort of reverse mode, but it mainly supresses the prices currently (like Klee pointed out).

Well, let us look in a year from now how it is running with our Monero.
Hopefully our devs have a GUI wallet out, the pictures make me bake my tongue, by that time and then it will get really interesting around here.

I remember rpietilä calling 0,5BTC/Monero as cheap if it has the success we all hope for Grin

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Hueristic on October 28, 2015, 01:00:43 PM

I'm 100% convince this is a BTC bubble

Someone on the wall observer thread was talking about some MMM ponzi. I couldn't follow it and I have no idea what effect that might have. Does anyone think that has any merit?

Given the critical role BTC has in trading XMR it seems we ought to understand if there is some large (?) unsustainable factor driving current BTC prices, and how close that might be to reversing.

funnyman21

member

Activity: 109

Merit: 10

Quote from: Hueristic on October 28, 2015, 01:00:43 PM

Quote from: dEBRUYNE on October 28, 2015, 12:35:43 PM

...

Bitfinex is probably the easiest way, although it could take a few days before your USD arrives. Alternatively, you could buy BTC on coinbase, send them to Bitfinex and immediately sell them for USD. Do you need any further help wrt shorting?

Bitfinex is the quickest? Thanks I'm setting an account now. AFA shorting, ?I've never done it before. I just buy when I think something is under priced but I'm 100% convince this is a BTC bubble which means I can get more XMR when it tanks back to 210 or so.

Quote from: jehst on October 28, 2015, 12:37:50 PM

...

You can buy BTC on Coinbase with your credit card and then transfer the BTC to Bitfinex and margin sell. It shouldn't be too difficult.

Good luck.

Yeah I wouldn't give coinbase my CC info for some reason. I think it had to do with the data collection shit.

I also think BTC is due for a correction but you can never be 100% sure. Shorting is dangerous. If your only goal is to buy more XMR why not just buy more XMR now instead of shorting BTC?

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Hueristic on October 28, 2015, 01:00:43 PM

Quote from: dEBRUYNE on October 28, 2015, 12:35:43 PM

...

Bitfinex is probably the easiest way, although it could take a few days before your USD arrives. Alternatively, you could buy BTC on coinbase, send them to Bitfinex and immediately sell them for USD. Do you need any further help wrt shorting?

Bitfinex is the quickest? Thanks I'm setting an account now. AFA shorting, ?I've never done it before. I just buy when I think something is under priced but I'm 100% convince this is a BTC bubble which means I can get more XMR when it tanks back to 210 or so.

Quote from: jehst on October 28, 2015, 12:37:50 PM

...

You can buy BTC on Coinbase with your credit card and then transfer the BTC to Bitfinex and margin sell. It shouldn't be too difficult.

Good luck.

Yeah I wouldn't give coinbase my CC info for some reason. I think it had to do with the data collection shit.

Yeah and it probably also has the best liquidity. If I recall correctly, they have some guide on their site that explains it all. Basically, with shorting you borrow BTC from someone on the site for a certain interest rate. Subsequently, you sell them and if the price declines you buy them back to realize your profit.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: dEBRUYNE on October 28, 2015, 12:35:43 PM

...

Bitfinex is probably the easiest way, although it could take a few days before your USD arrives. Alternatively, you could buy BTC on coinbase, send them to Bitfinex and immediately sell them for USD. Do you need any further help wrt shorting?

Bitfinex is the quickest? Thanks I'm setting an account now. AFA shorting, ?I've never done it before. I just buy when I think something is under priced but I'm 100% convince this is a BTC bubble which means I can get more XMR when it tanks back to 210 or so.

Quote from: jehst on October 28, 2015, 12:37:50 PM

...

You can buy BTC on Coinbase with your credit card and then transfer the BTC to Bitfinex and margin sell. It shouldn't be too difficult.

Good luck.

Yeah I wouldn't give coinbase my CC info for some reason. I think it had to do with the data collection shit.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

I've been observing this as well. He/she/it also has a pretty sophisticated bot, that constantly places random asks etc. In addition, he nearly always places a group of small asks (mostly something like 150-250-300) near the price and some bigger random asks (1-4k) a bit further away. His "manipulation" is quite salient. This behavior started after that massive (shortsale) dump until 0.0013, when basically all the loan offers were taken out (not immediately by the way). I've also seen this bot in a sort of reverse mode, but it mainly supresses the prices currently (like Klee pointed out).

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: wpalczynski on October 28, 2015, 12:51:13 PM

Quote from: phishead on October 28, 2015, 12:45:42 PM

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

When I first heard of Monero during the first week in August, I started coming here on this thread and one of the main posters here was by the name of (I think) "Cryptillionare" or something like that... Maybe that's the whale who has been dumping, I'm not sure... have any of you guys heard from him?

If you mean Truecryptonaire that guy is no whale. Not even close.

Yep, I just went back in this thread to go see and that's the guy... I always thought he bought into a lot of XMR for some reason, not quite sure why.

wpalczynski

legendary

Activity: 1456

Merit: 1000

Quote from: phishead on October 28, 2015, 12:45:42 PM

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

When I first heard of Monero during the first week in August, I started coming here on this thread and one of the main posters here was by the name of (I think) "Cryptillionare" or something like that... Maybe that's the whale who has been dumping, I'm not sure... have any of you guys heard from him?

If you mean Truecryptonaire that guy is no whale. Not even close.

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: klee on October 28, 2015, 12:41:22 PM

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

When I first heard of Monero during the first week in August, I started coming here on this thread and one of the main posters here was by the name of (I think) "Cryptillionare" or something like that... Maybe that's the whale who has been dumping, I'm not sure... have any of you guys heard from him?

klee

legendary

Activity: 1498

Merit: 1000

I've been watching XMR price closely for more than a year now.

Someone is selling aggressively XMR (profoundly a whale) to break the price and buy back lower. Unless it is a hacker/thief who had laundered the BTC to XMR and now does the opposite (I don't think this is the case because the selling is aggressive but very careful, done from a serious trader).

I hope he does not use leverage Roll Eyes

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Hueristic on October 28, 2015, 12:32:46 PM

Hey guys, I want to short BTC but only have a coinbase account. Where can I do this with USD and a creditcard or paypal?

I've found this so far.

http://mpex.co/

https://orderbook.net/trade

https://www.bitfinex.com/

I'm not sure how long it will take to setup and whatnot. I'd like to short for a week to a month.

Thx for the help.

You can buy BTC on Coinbase with your credit card and then transfer the BTC to Bitfinex and margin sell. It shouldn't be too difficult.

Good luck.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Hueristic on October 28, 2015, 12:32:46 PM

Hey guys, I want to short BTC but only have a coinbase account. Where can I do this with USD and a creditcard or paypal?

I've found this so far.

http://mpex.co/

https://orderbook.net/trade

https://www.bitfinex.com/

I'm not sure how long it will take to setup and whatnot. I'd like to short for a week to a month.

Thx for the help.

Bitfinex is probably the easiest way, although it could take a few days before your USD arrives. Alternatively, you could buy BTC on coinbase, send them to Bitfinex and immediately sell them for USD. Do you need any further help wrt shorting?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Hey guys, I want to short BTC but only have a coinbase account. Where can I do this with USD and a creditcard or paypal?

I've found this so far.

http://mpex.co/

https://orderbook.net/trade

https://www.bitfinex.com/

I'm not sure how long it will take to setup and whatnot. I'd like to short for a week to a month.

Thx for the help.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

I've just added USD and EUR weighted average stats for the XMR price to: http://vnno2t46wi42jgm7jdyf75obc2zbm3jizel6gvawaaj4mzmkgvoa.b32.i2p.xyz/
XMR price is ~ 0.51$ last year. The exception seems to be the last month with weighted average price of ~0.4$.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: wpalczynski on October 28, 2015, 09:22:39 AM

Quote from: digicoin on October 28, 2015, 12:38:13 AM

It seems that people cry for a user friendly GUI wallet. Let 0.9 version be out first. Then I may spend time creating a new one which is based on NodeJS or Python

That would be great. Perhaps you could leverage some of the work already done on the official GUI wallet.

digicoin... dunno why your waiting for 0.9 to be out. 0.9, for all in tents and porpoises, is out. Compile whats in head. Thats 0.9 as far as I know. If you're gonna wait for 0mq, who knows when those kinks will get worked out, and if your going to wait for libraryization, well, then your in the same wait boat as core.

Topic: [XMR] Monero Speculation - page 1670. (Read 3313576 times)