[XMR] Monero Speculation - page 1708.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: smooth on October 12, 2015, 12:06:01 PM

Quote from: chennan on October 12, 2015, 12:03:32 PM

Quote from: smooth on October 12, 2015, 11:56:25 AM

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

Yeah the whole margin trading thing is a bit of a joke on these assets with limited liquidity but if people want to play the game and generate commissions you can't really blame the exchanges for offering it.

I still don't really see a point of lending people money for them to trade marginally on an exchange site... I never marginal trade, so I don't really understand completely... but how is a person sure to know that the person they lent the coins too will definitely pay back and at the time they set? Do they use some kind of escrow system? It doesn't really sound like they do, and to me it's kind of sketchy, because it's like lending some gambling addict a ton of money to gamble with..

You can't withdraw the borrowed coins, only trade them. However, it is theoretically possible for a market to go horribly bad such that the loans can't be repaid, and if that does happen the lender takes the loss. That is explained in the Poloniex terms.

Wow, again that's why I would never get or will get into marginal trading.. you have to have nerves of steel for that. I feel like you have to know the person you are lending your coins too would have to be known being a great trader, otherwise I would never give coins to some random person.

I just feel it is better to pick an altcoin you think is going to be in it for the long haul; invest and hold... there is no other way for me to gain profit by "investing" lol... I just wouldn't be able to sleep at night with all that money on the line.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: chennan on October 12, 2015, 12:03:32 PM

Quote from: smooth on October 12, 2015, 11:56:25 AM

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

Yeah the whole margin trading thing is a bit of a joke on these assets with limited liquidity but if people want to play the game and generate commissions you can't really blame the exchanges for offering it.

I still don't really see a point of lending people money for them to trade marginally on an exchange site... I never marginal trade, so I don't really understand completely... but how is a person sure to know that the person they lent the coins too will definitely pay back and at the time they set? Do they use some kind of escrow system? It doesn't really sound like they do, and to me it's kind of sketchy, because it's like lending some gambling addict a ton of money to gamble with..

You can't withdraw the borrowed coins, only trade them. However, it is theoretically possible for a market to go horribly bad such that the loans can't be repaid, and if that does happen the lender takes the loss. That is explained in the Poloniex terms.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: binaryFate on October 12, 2015, 12:02:02 PM

You can blame the exchange for not releasing margins data though... Staff gets a tremendous insider advantage, especially with said limited liquidity and ability to trigger cascades of calls for relatively cheap.

Good point.

Google "daily fantasy sports cheating allegations" for some current events. I don't know why crypto exchanges would want to invite that kind of trouble.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: smooth on October 12, 2015, 11:56:25 AM

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

Yeah the whole margin trading thing is a bit of a joke on these assets with limited liquidity but if people want to play the game and generate commissions you can't really blame the exchanges for offering it.

I still don't really see a point of lending people money for them to trade marginally on an exchange site... I never marginal trade, so I don't really understand completely... but how is a person sure to know that the person they lent the coins too will definitely pay back and at the time they set? Do they use some kind of escrow system? It doesn't really sound like they do, and to me it's kind of sketchy, because it's like lending some gambling addict a ton of money to gamble with..

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

You can blame the exchange for not releasing margins data though... Staff gets a tremendous insider advantage, especially with said limited liquidity and ability to trigger cascades of calls for relatively cheap.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

Yeah the whole margin trading thing is a bit of a joke on these assets with limited liquidity but if people want to play the game and generate commissions you can't really blame the exchanges for offering it.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

This looks to me more like fiscal suicide than killing a coin. Sell 500K XMR short and then try to buy it back in the resulting mega short squeeze all in under a minute. It took pirateat40 months to build up a comparable short position in Bitcoin.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: Hueristic on October 12, 2015, 11:31:12 AM

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

so lets move some volume to bittrex?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: smooth on October 12, 2015, 11:08:29 AM

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: medusa13 on October 12, 2015, 10:51:24 AM

it was accepted, it was even on the asks yesterday night, thats why i am confused.

my impression was as soon as he takes it he has to pay the 24h reate at least once..am i wrong?

but i will double check later..

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

that would be cool i guess...

It's minute based if I recall correctly, would be a bit of a skewed situation if you would only get interest after 24 hours.

medusa13

sr. member

Activity: 453

Merit: 500

hello world

it was accepted, it was even on the asks yesterday night, thats why i am confused.

my impression was as soon as he takes it he has to pay the 24h reate at least once..am i wrong?

but i will double check later..

edit: found it, example here:

XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58

i dont get it...looks like Hour or even minute based?

that would be cool i guess...

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: medusa13 on October 12, 2015, 10:42:49 AM

it was my first time i did lend some xmr out and was suprised since i did not receive any interest...maybe it just starts counting after 24H ?
i have no experience with this kind of things but i was suprised i didnt earn anything(i stay far away from leverage and lending too, normaly..). ok i just gave him the money for 2 hours, but still, for free? i was expecting he has to pay the daily rate at least once even if he just takes the money for short amount of time no? or is it on per hour basis?

i have to check again when i am home..

maybe i just did not get how this really works..maybe better Cheesy

Your offer has to be accepted before you earn any interest.

medusa13

sr. member

Activity: 453

Merit: 500

hello world

it was my first time i did lend some xmr out and was suprised since i did not receive any interest...maybe it just starts counting after 24H ?
i have no experience with this kind of things but i was suprised i didnt earn anything(i stay far away from leverage and lending too, normaly..). ok i just gave him the money for 2 hours, but still, for free? i was expecting he has to pay the daily rate at least once even if he just takes the money for short amount of time no? or is it on per hour basis?

i have to check again when i am home..

maybe i just did not get how this really works..maybe better Cheesy

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: medusa13 on October 12, 2015, 02:54:03 AM

yesterday was funny. i can clearly say this guy was very lucky, because it was clearly an accident and i did hesistate too long. his bot went crazy and it nearly cost him his shirt.

he started building up his offers, in total i gave him around 20k @ 2%. everything he got was immediately put on the asks, i could clearly see that this was a bot going crazy.
i wanted to buy my own coins i gave to him with a big market buy to really fuck him, but my btc deposit was not fast enough.

at the point he realized his bot went crazy, he removed all the asks and returned all the lended money.

you can be very lucky my friend, next time this kind of move will cost you a lot of money.
today in the morning i was happy i did not destroy him, everyone makes mistakes. it would have hurt if it was me and i am sure it was an accident.

i hope you do not need to lose all your money first to realize that this was very dangerous. never do it again if you like your money.

I wish you had nailed the fucker! TC?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: digicoin on October 12, 2015, 08:01:34 AM

if the dump continues 2-3 weeks more, I don't know what to do

Relax. Do nothing. Sit tight and be right.

The Monero Mustang dev team (volunteer + paid) is doing amazing work, but it will take months to finish.

Maybe put in some skunk bids, in case we revisit ~0.001. Cool

digicoin

legendary

Activity: 1106

Merit: 1000

I sent 16 btc more to buy XMR on Polo. However I am not rich enough to do it every week. So if the dump continues 2-3 weeks more, I don't know what to do because my bag is quite heavy even before the dump

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: equipoise on October 12, 2015, 06:09:39 AM

Quote from: smooth on October 12, 2015, 04:40:28 AM

Quote from: smoothie on October 12, 2015, 03:20:38 AM

I like the idea of what etheruem was intended to do but I don't like the managing of the project at all.

Simple undeniable fact is they ran out of money before coming even close to finishing their stated objectives, starting with very respectable budget of around $10-15 mill (depending on what BTC price you use). Even for $10 million they should have gotten much closer.

That is 100% proof of bad management or fraud.

What the project was trying to do was way overhyped anyway. The easiest way to provide a better platform for smart contracts on a blockchain would be to start with BTC and improve its script capability a little bit. Literally nothing else is needed.

Which is why Automated Transactions exists and Counterparty and others were able to implement ETH-like systems with none of them spending anywhere near what ETH spent and all of them getting more done in less time.

Someday Monero will probably have some smart contract capabilities (though I personally hope it is on an interoperable system like side chain or an optional daughter chain or something and not directly on the main chain) and we too will do it for much, much less than $15 million.

I share the same opinion. As soon as I saw Automated Transactions (AT) in action I knew that separate ETH-stile systems are of no need and are way overpriced and overhyped. The time will come and we'll have it implemented in Monero.

Monero price speculation: Some people want the Monero price to be low despite that it could lead to loose of momentum. It could be malicious or they want to buy lower and lower. It's done with little resources - when the selling bot is operational it's selling just 10-15000 per 24 hours and there are some bigger dumps designed to create panic sells. Those big dumps could be someone dumping on his own walls in exchange of a poloniex fee, but he's getting big discount on the price for buying more. The actual fuel for this is the guys who panicked and also those who saw the downtrend painted by the bot. Depending on the resources used for this or the amount needed to be bought this could continue for a while or stop instantly. I don't like this pump and dump behavior and I think Monero is oversold now, but I feel good both ways - I'm buying more on each and every considerable swing.

I have to disagree wrt the selling bot. A selling bot isn't really used to manipulate, it's mainly used to just get the best price without slippage. Furthermore, a selling bot is a pretty ineffective way to manipulate the price. Could be a miner, or just someone wanting to get out of crypto entirely. Not sure what the reasons are. The big dumps and the stacking of asks reeks more of manipulation than the selling bot imo. Agree with the remainder of your assertion.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: smooth on October 12, 2015, 04:40:28 AM

Quote from: smoothie on October 12, 2015, 03:20:38 AM

I like the idea of what etheruem was intended to do but I don't like the managing of the project at all.

Simple undeniable fact is they ran out of money before coming even close to finishing their stated objectives, starting with very respectable budget of around $10-15 mill (depending on what BTC price you use). Even for $10 million they should have gotten much closer.

That is 100% proof of bad management or fraud.

What the project was trying to do was way overhyped anyway. The easiest way to provide a better platform for smart contracts on a blockchain would be to start with BTC and improve its script capability a little bit. Literally nothing else is needed.

Which is why Automated Transactions exists and Counterparty and others were able to implement ETH-like systems with none of them spending anywhere near what ETH spent and all of them getting more done in less time.

Someday Monero will probably have some smart contract capabilities (though I personally hope it is on an interoperable system like side chain or an optional daughter chain or something and not directly on the main chain) and we too will do it for much, much less than $15 million.

I share the same opinion. As soon as I saw Automated Transactions (AT) in action I knew that separate ETH-stile systems are of no need and are way overpriced and overhyped. The time will come and we'll have it implemented in Monero.

Monero price speculation: Some people want the Monero price to be low despite that it could lead to loose of momentum. It could be malicious or they want to buy lower and lower. It's done with little resources - when the selling bot is operational it's selling just 10-15000 per 24 hours and there are some bigger dumps designed to create panic sells. Those big dumps could be someone dumping on his own walls in exchange of a poloniex fee, but he's getting big discount on the price for buying more. The actual fuel for this is the guys who panicked and also those who saw the downtrend painted by the bot. Depending on the resources used for this or the amount needed to be bought this could continue for a while or stop instantly. I don't like this pump and dump behavior and I think Monero is oversold now, but I feel good both ways - I'm buying more on each and every considerable swing.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: smoothie on October 12, 2015, 03:20:38 AM

I like the idea of what etheruem was intended to do but I don't like the managing of the project at all.

Simple undeniable fact is they ran out of money before coming even close to finishing their stated objectives, starting with very respectable budget of around $10-15 mill (depending on what BTC price you use). Even for $10 million they should have gotten much closer.

That is 100% proof of bad management or fraud.

What the project was trying to do was way overhyped anyway. The easiest way to provide a better platform for smart contracts on a blockchain would be to start with BTC and improve its script capability a little bit. Literally nothing else is needed.

Which is why Automated Transactions exists and Counterparty and others were able to implement ETH-like systems with none of them spending anywhere near what ETH spent and all of them getting more done in less time.

Someday Monero will probably have some smart contract capabilities (though I personally hope it is on an interoperable system like side chain or an optional daughter chain or something and not directly on the main chain) and we too will do it for much, much less than $15 million.

Topic: [XMR] Monero Speculation - page 1708. (Read 3313576 times)