[XMR] Monero Speculation - page 1795.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: stoat on August 12, 2015, 04:17:13 PM

Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship. Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

That's certainly a strong prediction. You might want to consider shorting. It can be profitable under the right circumstances.

stoat

sr. member

Activity: 686

Merit: 270

FREEDOM RESERVE

Quote from: smooth on August 12, 2015, 03:56:16 PM

Quote from: stoat on August 12, 2015, 03:49:32 PM

This thread is pure comedy. Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

I think you posted on the incorrect thread by mistake because I don't see how +3.5% is "getting wiped out"

Maybe you meant to post over here

Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship. Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: stoat on August 12, 2015, 03:49:32 PM

This thread is pure comedy. Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

I think you posted on the incorrect thread by mistake because I don't see how +3.5% is "getting wiped out"

Maybe you meant to post over here

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: stoat on August 12, 2015, 03:49:32 PM

This thread is pure comedy. Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

Your experience in cryptocurrencies seems to extend all the way back to last Wednesday. If that is the perspective, yes you are correct. Some of us have been a few years longer in the scene, so that might have affected our thinking. Welcome!

stoat

sr. member

Activity: 686

Merit: 270

FREEDOM RESERVE

This thread is pure comedy. Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: canth on August 12, 2015, 03:28:54 PM

Quote from: nioc on August 12, 2015, 03:04:50 PM

Just received some btc which is earmarked for XMR purchases. That should guarantee we don't see the 220's again. Grin

Keep it easy, pal. I'm trying to load up here. Wink

srsly, lemme get some more cheap coinz!

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

i am short eurnok now. long oil. buying wheat again. selling long bonds. buying btc. now neutral on spx. got some more xmr. will wait a bit for more, unless it dips to 22.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: nioc on August 12, 2015, 03:04:50 PM

Just received some btc which is earmarked for XMR purchases. That should guarantee we don't see the 220's again. Grin

Keep it easy, pal. I'm trying to load up here. Wink

nioc

legendary

Activity: 1624

Merit: 1008

Just received some btc which is earmarked for XMR purchases. That should guarantee we don't see the 220's again. Grin

nioc

legendary

Activity: 1624

Merit: 1008

Localbitoins is no longer taking New York customers. Cool

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: primer- on August 12, 2015, 08:53:37 AM

Quote from: cAPSLOCK on August 12, 2015, 07:35:34 AM

Quote from: dEBRUYNE on August 12, 2015, 05:55:56 AM

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

Because he is mining with other peoples electricity.

Free money is free.

True. 80% of monero mining power comes from botnets. These people (mostly chinese) don't care about 5% - 15% price difference. I dont think this will change anytime soon Sad

It would be helpful if you could provide conclusive proof of this number, or even any proof at all.

As far as these theorized botnet miners dumping at any price, I completely fail to see how that's a bad thing at all. Their dumping at any price means the people who actually want to own them pay *less*.

miner != investor

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: cAPSLOCK on August 12, 2015, 07:35:34 AM

Quote from: dEBRUYNE on August 12, 2015, 05:55:56 AM

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

Because he is mining with other peoples electricity.

Free money is free.

True. 80% of monero mining power comes from botnets. These people (mostly chinese) don't care about 5% - 15% price difference. I dont think this will change anytime soon Sad

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: dEBRUYNE on August 12, 2015, 05:55:56 AM

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

Because he is mining with other peoples electricity.

Free money is free.

camu6

full member

Activity: 158

Merit: 100

Quote from: dEBRUYNE on August 12, 2015, 05:55:56 AM

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

This is what a rational actor would do. I think miners with that kind of hashpower should know better, because a large factor of their mining operation is maximizing profits. I'm more and more convinced the Ether fomo messes with peoples brains and led to dumps like this.

If that is the case:
While we are seeing this behavior in only one direction right now XMR -> Eth, I am curious to see what happens if those people try to rebuy their position.Wether it is desirable to have those shaky hands in monero, is a question of how much they learned from this experience.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: dEBRUYNE on August 12, 2015, 05:55:56 AM

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

I agree with you. No point in dumping like that. Dumping is more understandable if there is space to go down and buy lower.
However, the lower it goes the more there is competition for these scarce treasures.

At some point a dumper end up having tons of bitcoins and a shortage of Moneros which is not that good situation to be in.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

From poloniex, thought it would interest some of you here:

Quote

Ethereum ETH is now available for margin trading. http://ow.ly/QJOHG

Regarding speculation: I am wondering if the dump guy is done now (could be several guys, but his blatant market dumping makes him unique I think). I still have a hard time comprehending why one would dump with +5% slippage, whereas he could've set up some asks and patiently wait until they got bought.

camu6

full member

Activity: 158

Merit: 100

Quote from: TrueCryptonaire on August 12, 2015, 05:03:05 AM

Quote from: Barney on August 12, 2015, 04:59:46 AM

Quote from: TrueCryptonaire on August 12, 2015, 04:53:25 AM

Quote from: smooth on August 12, 2015, 03:47:59 AM

Quote from: TrueCryptonaire on August 12, 2015, 03:22:21 AM

BitMoneros

Going retro, huh?

Exactly.

BTW, someone set a fear wall of almost 14 k XMR.
Should it be tested if it is for real? Wink

EDIT: While writing, it was removed.

And eventually market sold

Some buy orders are good for moments like these (transfered some btc to Polo).

You are right on that one.

I can't believe those impatient dumps. Do these people even look at the orderbook before doing stuff like this? How nicely the bidside refilled, how steady the rise was? Good luck on getting those 14k monero back! If you're a miner, thanks for distributing coins! Oh, and thanks for bringing the 24h volume back to over 300 BTC.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000