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Topic: [XMR] Monero Speculation - page 1865. (Read 3314343 times)

legendary
Activity: 874
Merit: 1000
monero
June 17, 2015, 01:06:48 PM
shapshift has not enough liquidity. also no real price detection can happen there.  its a nice service, but can not replace an exchange.
the only real untraceable coin can only be bougth through a KYC exchange. What worries me most is that i seem to be the only one worrying Lips sealed
Its not becasue of me. but i think some of our potential users could be hindered by this. and users is what we need and what we want.

maybe it's time to promote moneroclub.com a little bit more. and there is always the #monero-otc channel.

but I get your point  Wink I just think that whoever is looking to buy a huge amount of xmr will always be able to do so. he might have to live with a high markpup though.
legendary
Activity: 1105
Merit: 1000
June 17, 2015, 01:04:10 PM
shapshift has not enough liquidity. also no real price detection can happen there.  its a nice service, but can not replace an exchange.
the only real untraceable coin can only be bougth through a KYC exchange. What worries me most is that i seem to be the only one worrying Lips sealed
Its not becasue of me. but i think some of our potential users could be hindered by this. and users is what we need and what we want.

You are certainly not the only one worrying about it.

Bittrex is available, but liquidity isn't great, and who knows how long it'll be 'til they have KYC as well. Barely seems worth it to try to move liquidity there if it's going to end up the same way.

So yes, it'd be nice to have another exchange. How do we get one? Smiley
sr. member
Activity: 453
Merit: 500
hello world
June 17, 2015, 12:55:43 PM
shapshift has not enough liquidity. also no real price detection can happen there.  its a nice service, but can not replace an exchange.
the only real untraceable coin can only be bougth through a KYC exchange. What worries me most is that i seem to be the only one worrying Lips sealed
Its not becasue of me. but i think some of our potential users could be hindered by this. and users is what we need and what we want.
legendary
Activity: 2268
Merit: 1141
June 17, 2015, 12:47:51 PM
i think the current (non existing) moves in price reflect the lack of infrastructure at least to some degree. Polo is the only liquid exchange. Xmr is one of the only coins that are not possible to buy without registering.
this is a handicap. people are lazy and will always be.

it really depends on what btc does the next few days i think. the xmr buy side is exhausted, there has been no recovery since the last outflow some days ago.

How did DASH manage to get on Bitfinex? Did they pay for it?

Dug this up:

I'd bet that BFX started accepting DRK after possibly some underhanded negotiation convinced BFX that accepting DRK would posture BFX as the leading premier exchange of the fancy newfangled anonymous coin of the future, supported by certain DRK whales' (ahem, Otoh) assurances to make the market.

It may be prudent for someone to eloquently notify them that this is not the case, and the only public decentralized cryptocurrency protocol that has proven anonymity is CryptoNote. Also, that the structuring of DRK's coin distribution is too reminiscent of a pyramid scheme. They could save their amazing exchange a lot of face...

With the precedence set by the SEC of Pakistan...
http://siliconangle.com/blog/2015/04/05/leocoin-yet-another-bitcoin-alt-with-links-to-ponzi-schemes/

...it is all the more likely that the rather conspicuous signs of rats fleeing the sinking ship that is DRK suggest that they too realize such a risk is presented by the instamine + masternode reward scheme:
https://bitcointalksearch.org/topic/dash-aka-darkcoin-victim-resources-999084

Moncada [masternode] openly stated in via thread that dark is on bitfinex only because of him. He further said he knows big names and can make dark reach places

Sounds bullish imo. Any project would benefit from people who can make things happen.
It definitely was, and an excellent move on their part. On BFX's part I'm sure they got good commissions, but now, the picture doesn't seem as clear.

&

Anybody knows someone from Bitfinex?

BTW - Does anyone know about this? Were Darkcoin scammers trying to increase the supply at will?

https://docs.google.com/document/d/1f7z840EcKjGNr7jZTwHL1u5HDTGNqHeeCszrR0Iy1J8/edit?pli=1
My colleagues at Omni work pretty closely with Giancarlo, their CFO, and I've had friendly chats with him and Raphael,  but I think it should be a matter of merit that convinces BFX to exchange XMR. Edward Moncada, Darkcoin Foundation member and one of Otoh's good buddies, told me he worked together with Otoh to convince (probably bribe) BFX to accept DRK. We should just present a good economic case instead and build up volume organically to the point BFX and other exchanges realize they're missing out on commissions/a great posturing opportunity. This is probably easy when the devs finish the official release (not so easy).
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 17, 2015, 12:40:43 PM
Shapeshift isn't very transparent about the BTC:XMR fees. If it's 1%, then that's too much for a coin to coin trade.
member
Activity: 95
Merit: 10
June 17, 2015, 12:33:59 PM
i think the current (non existing) moves in price reflect the lack of infrastructure at least to some degree. Polo is the only liquid exchange. Xmr is one of the only coins that are not possible to buy without registering.
this is a handicap. people are lazy and will always be.

it really depends on what btc does the next few days i think. the xmr buy side is exhausted, there has been no recovery since the last outflow some days ago.

[bold] Shapeshift?[/bold]

I was about to say the samething.. with shapeshift you can buy monero without registering anyplace... but i agree with you, there is a need to create more demand to watch the price rise

By the way... at the momment any marketplace that acept bitcoin can be payed with monero anonymously using shapeshift or xmr.to, i already bought some VPS/Domains with monero.. yesterday when i made my last purchase i noticed that the prices on xmr.to are better than one shapeshift, dont know if its an normal thing or if there are times when is more profitable use shapeshift... but both good services
legendary
Activity: 1105
Merit: 1000
June 17, 2015, 12:27:31 PM
i think the current (non existing) moves in price reflect the lack of infrastructure at least to some degree. Polo is the only liquid exchange. Xmr is one of the only coins that are not possible to buy without registering.
this is a handicap. people are lazy and will always be.

it really depends on what btc does the next few days i think. the xmr buy side is exhausted, there has been no recovery since the last outflow some days ago.

How did DASH manage to get on Bitfinex? Did they pay for it?

Connections...

[bold] Shapeshift?
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 17, 2015, 12:23:53 PM
i think the current (non existing) moves in price reflect the lack of infrastructure at least to some degree. Polo is the only liquid exchange. Xmr is one of the only coins that are not possible to buy without registering.
this is a handicap. people are lazy and will always be.

it really depends on what btc does the next few days i think. the xmr buy side is exhausted, there has been no recovery since the last outflow some days ago.

How did DASH manage to get on Bitfinex? Did they pay for it?
sr. member
Activity: 453
Merit: 500
hello world
June 17, 2015, 12:18:13 PM
i think the current (non existing) moves in price reflect the lack of infrastructure at least to some degree. Polo is the only liquid exchange. Xmr is one of the only coins that are not possible to buy without registering.
this is a handicap. people are lazy and will always be.

it really depends on what btc does the next few days i think. the xmr buy side is exhausted, there has been no recovery since the last outflow some days ago.
legendary
Activity: 1092
Merit: 1000
June 17, 2015, 11:18:59 AM
Seems Monero is not going up or down these days.
At some point there will be a break up or break down.

The holders and permabulls are praying for the break up and skyrocketing of the price.
There is also a group called shorters. These people are the flock of sharks who are looking for blood and ruthlessly might start shorting, then the general atmosphere is extremely bearish and they close their positions with profit from the sales of "permabulls".  Grin

It is easy to be permabull when the markets go up or stays the same.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
June 17, 2015, 05:43:02 AM
euro zone capital controls for the weekend? 

monero = freedom

oh, also, time to close tbose gbp\jpy longs.  wheat looks good.
sr. member
Activity: 350
Merit: 250
June 17, 2015, 05:35:24 AM
Monero silent when other alts mooning.

Monero is not a pump and dump.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 16, 2015, 09:20:28 PM
You sure this is a BTC rally?

What else you call a 14$ Jump in times where sideways and only minor $ were usual.

It fell from 242 to 222 in a week.
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
June 16, 2015, 06:03:29 PM
You sure this is a BTC rally?

What else you call a 14$ Jump in times where sideways and only minor $ were usual.

I could also call it a LTC and alt market rally, noting that much of the cheap valued alts can only be reached by first purchasing BTC.

Some can be bought w/o BTC, but I've got very little doubt that a lot of the BTC that was purchased lately was used to purchase alt coins, namely LTC.

I'd expect BTC to fall down again in some weeks, while the alts stay up. Call it the first movement toward 'decoupling' if you'll allow me.

Just my opinion though, I could be way off base.
hero member
Activity: 768
Merit: 505
June 16, 2015, 05:38:49 PM
You sure this is a BTC rally?

What else you call a 14$ Jump in times where sideways and only minor $ were usual.
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
June 16, 2015, 05:36:40 PM
You sure this is a BTC rally?
legendary
Activity: 2268
Merit: 1141
June 16, 2015, 05:24:20 PM
Monero silent when other alts mooning.

I don't really get why one would dump XMR during a BTC rally. If you stay in XMR and the BTC ratio stays the same, you benefit as well, although the risk is of course higher.
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
June 16, 2015, 04:32:59 PM
Monero also very loud when other alts earthing, comparatively.

Seems this is what the market, or rather, people's minds, think.

No reason not to hold, nonetheless.

Double negatives, because shots.

Pricewise, I think we're at a point where we'll see a long drawn out lateral movement. That would be something to see.


Probably not the right thread for this, but now seems a good time to find that alt-coin you like and just talk to the people there, imo. Likely, now's a great time to go out and make some New friends, if they can stand you Cheesy
newbie
Activity: 49
Merit: 0
June 16, 2015, 04:25:52 PM
Monero silent when other alts mooning.
legendary
Activity: 1105
Merit: 1000
June 16, 2015, 02:40:13 AM
....snip
In addition, you could also use http://moneroaddress.org/
Is the Mnemonic seed created by this compatible to mymonero as well?

only the simplewallet but it can be imported to mymonero by paying a 10 XMR fee

It's compatible with both.

Just for clarification, we can easily make standard MyMonero-style seeds instead, but there's onlymostly disadvantages (Pro: the seed is smaller, but matches the presumed security level of our private keys). It won't work with current simplewallet, and you'll *still* have to pay the 10 XMR fee if you want to pull past transactions on MyMonero.
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