Author

Topic: [XMR] Monero Speculation - page 1870. (Read 3314343 times)

hero member
Activity: 798
Merit: 1000
21 million. I want them all.
hero member
Activity: 888
Merit: 500
sr. member
Activity: 350
Merit: 250
June 10, 2015, 03:41:39 PM
hero member
Activity: 798
Merit: 1000
June 10, 2015, 07:16:36 AM
Got to say, was never convinced of a reversal from the end of March' bear trend but did expect it to maybe touch higher than 0.0024. Surprised to see warz pull his wall and such panic ensue like we haven't seen this 100x.
legendary
Activity: 1092
Merit: 1000
June 10, 2015, 04:12:58 AM
Man that dump was hard, lets hope no one else is stupid enough to do that anymore.

He was not stupid.
He was a prudent investor that realized the short lived pump was orchestrated by one individual and didn't have a comunity support behind.

The community wants to buy the coin but not at any cost. If the price is right, I am also a buyer and if the price is too high I am a seller, simple as that.

sr. member
Activity: 400
Merit: 263
June 10, 2015, 12:27:46 AM
-snip-

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

-snip-


It's per 24 hours. If the loan get's canceled/repaid before the end of the full 24 h it's the proportional fraction.
I've seen people wondering about why they get charged interest even if the margin order isn't executed. That is correct, they do because as long as their order stands the corresponding loan is blocked and taken off the offers.
So if you put in a limit order on margin a long way off the current market price take into consideration that the lending interest is ticking away.

sorry for OT.
sr. member
Activity: 350
Merit: 250
June 09, 2015, 11:18:55 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.



Want to put your money where your mouth? Let´s make a little bet.


No one here puts their money where their mouth is, its all keyboard warriors.

legendary
Activity: 2016
Merit: 1259
June 09, 2015, 08:50:17 PM
hm, seems like we're really just enabling a fractional reserve bank with no FDIC insurance to offer loans to people with no background checks at all. Not only that, they have no targets to which they need to keep a fraction of,

How could anything go wrong  Roll Eyes








In the USA that's how it's done.  Houses, cars, now monero  Cheesy
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
June 09, 2015, 08:40:27 PM
hm, seems like we're really just enabling a fractional reserve bank with no FDIC insurance to offer loans to people with no background checks at all. Not only that, they have no targets to which they need to keep a fraction of,

How could anything go wrong  Roll Eyes







legendary
Activity: 2968
Merit: 1198
June 09, 2015, 07:17:01 PM
To his credit, he did say that it's a good time to lend, and that is true.

0.0047%/d is a good time to lend?  Huh

Well im not going to do anything else with the btc, I've got enough xmr for now.

Yeah the rate is low, but feeding plx btc means that the btc has a higher chance of someone using it to buy xmr. If the price goes up, I make btc in fees, if the price goes down because of the ppl taking shorts I still can buy more xmr if I choose to do so.

I'd much rather just pull my coins off an exchange then leave them there and get 0.0047%/d

Just testing it out right now. Monero lending is pretty weak compared to BTC.

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

If that's what it is, collecting .036% / d on 1 btc = .00036 BTC/d = .1314 BTC/y if nothing changes (obviously it will)

Either way, projecting a potential 13.14% yearly return on a BTC that would otherwise collect dust waiting to be used on gas/rent bills at some unknown date in the future isn't so bad.

Though, that does come with the risk of keeping money on an exchange, and potentially turning it into even more of an uninsured bank, with numerous gox-like implications.

Either way, at some point, it's just gotta come down to a risk. Take a really high chance at seeing a 13.14% gain, with low risk of total loss due to security breach .. or take a high chance 0% gain, with no risk of total loss due to security breach. I'm keeing out gains/losses due to fiat because both methods of storage are susceptible to that. Also, I'd likely have to pay taxes on the gain at some point.

Additionally, if the person whom I'm lending to decides to short the market that I'd like to buy, driving down the price for me, taking all that risk while I sit on a solid gain .. well let's just say that's icing on the cake Cheesy

Yes I agree a 13% return is at least plausible compensation for the risk. 1.7% is not.
member
Activity: 69
Merit: 10
June 09, 2015, 07:14:59 PM
Fake buy wall is lame.
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
June 09, 2015, 05:07:37 PM
To his credit, he did say that it's a good time to lend, and that is true.

0.0047%/d is a good time to lend?  Huh

Well im not going to do anything else with the btc, I've got enough xmr for now.

Yeah the rate is low, but feeding plx btc means that the btc has a higher chance of someone using it to buy xmr. If the price goes up, I make btc in fees, if the price goes down because of the ppl taking shorts I still can buy more xmr if I choose to do so.

I'd much rather just pull my coins off an exchange then leave them there and get 0.0047%/d

Just testing it out right now. Monero lending is pretty weak compared to BTC.

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

If that's what it is, collecting .036% / d on 1 btc = .00036 BTC/d = .1314 BTC/y if nothing changes (obviously it will)

Either way, projecting a potential 13.14% yearly return on a BTC that would otherwise collect dust waiting to be used on gas/rent bills at some unknown date in the future isn't so bad.

Though, that does come with the risk of keeping money on an exchange, and potentially turning it into even more of an uninsured bank, with numerous gox-like implications.

Either way, at some point, it's just gotta come down to a risk. Take a really high chance at seeing a 13.14% gain, with low risk of total loss due to security breach .. or take a high chance 0% gain, with no risk of total loss due to security breach. I'm keeing out gains/losses due to fiat because both methods of storage are susceptible to that. Also, I'd likely have to pay taxes on the gain at some point.

Additionally, if the person whom I'm lending to decides to short the market that I'd like to buy, driving down the price for me, taking all that risk while I sit on a solid gain .. well let's just say that's icing on the cake Cheesy

legendary
Activity: 1456
Merit: 1000
June 09, 2015, 04:54:10 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.



Want to put your money where your mouth? Let´s make a little bet.


No one here puts their money where their mouth is, its all keyboard warriors.
hero member
Activity: 532
Merit: 500
June 09, 2015, 04:46:39 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.



Want to put your money where your mouth? Let´s make a little bet.
vgo
legendary
Activity: 2072
Merit: 1019
June 09, 2015, 04:40:20 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

hero member
Activity: 768
Merit: 505
June 09, 2015, 04:36:23 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Sorry no conspiracy warz theory - even if it was fun to read here.

the whole dump was 70k , so maybe the 25k dump just the frontrunner and after that warz theory :p
hero member
Activity: 532
Merit: 500
June 09, 2015, 04:13:54 PM
The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Sorry no conspiracy warz theory - even if it was fun to read here.
hero member
Activity: 700
Merit: 500
June 09, 2015, 04:11:02 PM
Someone bought ~16.5k XMR up to 0.022 and then had a 100k+ XMR wall up for a short while.

Interesting action today...
Jump to: