[XMR] Monero Speculation - page 1791.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: thefunkybits on August 13, 2015, 08:41:21 AM

I have a feeling cryptsy are kicking themselves for not adding XMR sooner. Since Polo was the only exchange they have gained a lot of market share in the space. I can almost guarantee that ETH wouldn't have had 5000 BTC volume if Cryptsy added XMR earlier. The cryptsy team has let Polo gain too much market share and now they (maybe) have to try and make up for it

If sheer developer incompetence isn't responsible, I have a feeling CrapSea takes bribes from Dash and/or other shitcoins to keep XMR away.

Too bad, look at the 11,000+ BTC volume on ETH today. Shocked

Go Polo go!

Suck it CrapSea. You've had an entire fucking year to add XMR, and still blew your chance. Cheesy

Vanderi

sr. member

Activity: 283

Merit: 250

Quote from: gaba on August 14, 2015, 07:08:29 AM

Quote from: primer- on August 14, 2015, 06:25:02 AM

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

In my opinion he is waiting to dump. Always good strategy with XMR.

just ask him you goddamned muppet

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: MoneroMooo on August 14, 2015, 02:12:12 PM

Quote from: kenji on August 14, 2015, 01:56:46 PM

i am the only guy that think monero is pretty overbought at the moment?

No, you're not the only one.

mrkavaski too

lol

MoneroMooo

legendary

Activity: 1276

Merit: 1001

Quote from: kenji on August 14, 2015, 01:56:46 PM

i am the only guy that think monero is pretty overbought at the moment?

No, you're not the only one.

mrkavaski too

kenji

sr. member

Activity: 448

Merit: 255

i am the only guy who think monero is pretty overbought at the moment?

i will wait for 0.0016-0.0017 prices

rangedriver

hero member

Activity: 714

Merit: 504

Quote from: TrueCryptonaire on August 14, 2015, 10:51:42 AM

Have you checked Kickstarter?
There is a possibility to set a project and people can contribute to it.

Monero could be explained there and taken donations against which a donor will receive some Moneros + wallet key in mymonero.

A good and easy to understand summary of Monero project is needed there and just a goal for reaching.
Perhaps 100 000 usd? Imagine what this could make for the marketcap if we get some new users from there?

If you're gonna do that then use StartJoin, not Kickstarter.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Have you checked Kickstarter?
There is a possibility to set a project and people can contribute to it.

Monero could be explained there and taken donations against which a donor will receive some Moneros + wallet key in mymonero.

A good and easy to understand summary of Monero project is needed there and just a goal for reaching.
Perhaps 100 000 usd? Imagine what this could make for the marketcap if we get some new users from there?

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: jwinterm on August 14, 2015, 10:02:53 AM

Total buy orders getting pretty low on poloniex. Maybe people getting ready to put coins on Cryptsy market? Maybe people jumping in the ETH fray? Maybe interest just waning?

I sincerely think it's the bolded part. I guess we'll just have to wait until the ETH storm calms down a bit. We have a nice hammer on the daily chart though, which mostly signs a bullish reversal.

jwinterm

legendary

Activity: 3164

Merit: 1116

Total buy orders getting pretty low on poloniex. Maybe people getting ready to put coins on Cryptsy market? Maybe people jumping in the ETH fray? Maybe interest just waning?

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: gaba on August 14, 2015, 07:08:29 AM

Quote from: primer- on August 14, 2015, 06:25:02 AM

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

In my opinion he is waiting to dump. Always good strategy with XMR.

What kind of FUD is this? I think rpietila is one of the most transparent people w.r.t. his actions.

gaba

sr. member

Activity: 249

Merit: 250

Quote from: primer- on August 14, 2015, 06:25:02 AM

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

In my opinion he is waiting to dump. Always good strategy with XMR.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: TrueCryptonaire on August 14, 2015, 06:29:05 AM

Quote from: primer- on August 14, 2015, 06:25:02 AM

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

While I agree it is time to buy I try to fish some dumps.
There might be some delicious sells coming to markets especially as we broke the lower bound of the trend we had for long time.

Im not sure Id call it broken, wicking through a trend line but closing above shows that there is support there and the trendline stays in tact. Thats why you see many people discount wicks when they draw their trendlines.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: primer- on August 14, 2015, 06:25:02 AM

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

While I agree it is time to buy I try to fish some dumps.
There might be some delicious sells coming to markets especially as we broke the lower bound of the trend we had for long time.

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: rpietila on August 14, 2015, 03:01:43 AM

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Now would be a good time to start buying so eth traders take notice...

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: rpietila on August 14, 2015, 03:01:43 AM

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

Lol.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: TrueCryptonaire on August 13, 2015, 04:00:54 PM

2) The bids and asks are real - you can anytime make a sharp move and buy/sell into the asks/bids and then even the most fake wall becomes a real wall. Therefore holding fake orders is risky business as they get sometimes filled.

Fake orders have the similar risk profile as shorting or leverage - most often even if your "fake" wall gets bought, you can buy back cheaper as the price will fall down afterwards and you have got 10% or whatever premium for your coins, allowing you to buy back lower. But there is the chance that it happens as part of a level-up, in which case you lose out of these coins.

So, "fake" walls can become real walls if the strategy is formulated as:
"I will buy it back if I get at least 10% cheaper, if not, it will be a permanent partial cash out of my long term position."

This strategy gives you peace of mind when operating large fake walls.

I wonder why I know it Roll Eyes

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: ?? on ??

Quote from: TrueCryptonaire on August 14, 2015, 01:17:57 AM

Looks like we might have an opportunity soon to buy Moneros around 0.0018... However, it is possible we will not be able to do so also.

By the way, it looks like it might rain today. However, it is also possible that it will not do so.

Let me put it other way:

It looks like the probability to reach 0.0018 has increased thanks to dumps taking place in Poloniex.
That doesn't mean we will reach 0.0018 - there is the contra probability of not reaching it and it is greater than 0.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Looks like we might have an opportunity soon to buy Moneros around 0.0018... However, it is possible we will not be able to do so also.
I think a lot of the selling pressure is thanks to closing long positions as the lending rates have skyrocketed while Monero seems to have some bearishness.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: dEBRUYNE on August 13, 2015, 04:12:51 PM

Quote from: TrueCryptonaire on August 13, 2015, 04:00:54 PM

Quote from: dEBRUYNE on August 13, 2015, 03:53:03 PM

Quote from: TrueCryptonaire on August 13, 2015, 03:49:59 PM

I would not be worried even if we go lower than the lower bound of the trendline.
Especially if we stay above the previous lows, we still are able to maintain a bull market but then it is simply slower than our current channel suggests.
I do not mind these dumps, I hope there will be more like this.

ETH looks so strong that it is unlikely it will fail. There are simply too many btc in bids - however I doubt the buyers are the smartest people as they market buys 10-30 btc at one shoot driving the price up and making the lending market dry as Sahara and TrueCryptonaire is happy with almost 2 % daily interest payments. Grin

Bids can easily be removed and asks can easily be added. A rational trader shouldn't really look at the orderbook, because it's the #1 instrument to fool people.

While I agree the orderbook is the cheapest way to fool people with pulling off bids/asks, I disagree with the fact that a rational investor shouldn't look at them.
There are at least two reasons why a rational investor should look at the orderbooks.

1) Game theoretic approach. If there are at least some "fools" who are getting fooled by the orderbooks, their actions make it smart to observe the orderbook.

2) The bids and asks are real - you can anytime make a sharp move and buy/sell into the asks/bids and then even the most fake wall becomes a real wall. Therefore holding fake orders is risky business as they get sometimes filled.

I admit you brought up some solid arguments here and thus I revise my statement. In addition I would like to add that most of the fake bids/asks are often put up far away from the market, which makes them influenceable but quite difficult to buy/sell into.

That's true. A fake buy/sell order has to be far enough not to be executed but not too far to be ignored as meaningless. That's the tricky part here - how far to set a fake order. Especially if the other participants are aware of an opportunity of a fake order.

However, in ETH the large buy-orders are pretty close to market value (only a few per cent drop in a price means you need to dump more than 100 btc worth of ETHs), so those orders are not most likely fakes.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: TrueCryptonaire on August 13, 2015, 04:00:54 PM

Quote from: dEBRUYNE on August 13, 2015, 03:53:03 PM

Quote from: TrueCryptonaire on August 13, 2015, 03:49:59 PM

I would not be worried even if we go lower than the lower bound of the trendline.
Especially if we stay above the previous lows, we still are able to maintain a bull market but then it is simply slower than our current channel suggests.
I do not mind these dumps, I hope there will be more like this.

ETH looks so strong that it is unlikely it will fail. There are simply too many btc in bids - however I doubt the buyers are the smartest people as they market buys 10-30 btc at one shoot driving the price up and making the lending market dry as Sahara and TrueCryptonaire is happy with almost 2 % daily interest payments. Grin

Bids can easily be removed and asks can easily be added. A rational trader shouldn't really look at the orderbook, because it's the #1 instrument to fool people.

While I agree the orderbook is the cheapest way to fool people with pulling off bids/asks, I disagree with the fact that a rational investor shouldn't look at them.
There are at least two reasons why a rational investor should look at the orderbooks.

1) Game theoretic approach. If there are at least some "fools" who are getting fooled by the orderbooks, their actions make it smart to observe the orderbook.

2) The bids and asks are real - you can anytime make a sharp move and buy/sell into the asks/bids and then even the most fake wall becomes a real wall. Therefore holding fake orders is risky business as they get sometimes filled.

I admit you brought up some solid arguments here and thus I revise my statement. In addition I would like to add that most of the fake bids/asks are often put up far away from the market, which makes them influenceable but quite difficult to buy/sell into.

Topic: [XMR] Monero Speculation - page 1791. (Read 3313576 times)