If Monero ever rises, say 1 XMR = 1 oz gold, I will buy a few ounces of gold and give a try to this company (assuming it will exist).
And this belongs in the speculation thread why exactly?
Topic: [XMR] Monero Speculation - page 1875. (Read 3314343 times)
If Monero ever rises, say 1 XMR = 1 oz gold, I will buy a few ounces of gold and give a try to this company (assuming it will exist).
And this belongs in the speculation thread why exactly?
It's now possible to buy gold with Monero using Vaultoro:-
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
Very nice
Like it
If Monero ever rises, say 1 XMR = 1 oz gold, I will buy a few ounces of gold and give a try to this company (assuming it will exist).
It's now possible to buy gold with Monero using Vaultoro:-
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
Very nice
Like it
What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.
When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there.
if you want to change that, we can do it with 3.5 BTC's worth of votes.
https://coinomat.com/coinvoting.php
If BTC were to tumble, it would be preferable to already have a fiat exchange mechanism in place.
Basically BTC needs new ATH price. People who have bought their bitcoins during the bear market will be exhausted at some point and start dumping unless they do not get profit from their sales.
Therefore 30 usd/btc is a possibility, despite I am saying it will happen.
The more Monero attracts fiat hands, the less irrelevant the usd/btc pair is since the fiat hands are using btc only as a tool to purchase Moneros.
Therefore it is interesting to examine the distribution of hands that are involved in Monero - are they more btc oriented or fiat oriented (or late adopters of btc).
By the way, some of the long positions have been closed during today's pump but still relatively heavy long positions are there in the markets (from me).
Hardly nobody is shorting.
What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.
When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there.
if you want to change that, we can do it with 3.5 BTC's worth of votes.
https://coinomat.com/coinvoting.php
If BTC were to tumble, it would be preferable to already have a fiat exchange mechanism in place.
It's now possible to buy gold with Monero using Vaultoro:-
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
http://cointelegraph.com/news/114479/how-to-avoid-fiat-entirely-when-buying-gold-altcoins
What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.
When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there.
if you want to change that, we can do it with 3.5 BTC's worth of votes.
https://coinomat.com/coinvoting.php
Well, that's the 2nd branch of the equation. The first one still is an easily usable wallet by everyone. So, I think I'll wait. If I'd spend those 3.5BTCs that would be for getting some more XMRs.
What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.
When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there.
if you want to change that, we can do it with 3.5 BTC's worth of votes.
https://coinomat.com/coinvoting.php
What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Well, I'd say that XMR is a 2 year old baby, considering BTC is its brother at the age of 12. One's destiny follows the other but they're uniquely different. So my answer is that *IF* BTC falls at $30 XMR will still be available to buy for 0.00x BTC (or 0.x BTC if we want to be realistic). My point is that both currencies are connected since up until now buying XMR can only be done via BTCs.
When (if) this changes, with a more "out of the box" wallet solution XMR will slowly will start to "walk" and then begin running. But we're a bit far from there.
If I am not mistaken, it is traders who are taking short or long positions, not the platform.
If they play honestly, correct.
But even if they play honestly, we need to remember that if somebody just puts a floor at 0.004 for example, clearing all below that with a market order and refusing the price to go below that value, all the current shorts are burned and their margins evaporated. It is possible that the squeeze sends the price very high IF the platform decides to buy back the losses (they become the losses of the platform when the account holders are wiped out - they just abandon the accounts, but the lenders must be paid nevertheless).
Nobody operating a platform would do that. They rather start operating a fractional reserve, don't tell anyone, and pray that the price will recede and they can buy back later.
The operating of a margin trading platform for an altcoin is akin to walking the narrow path between insane and suicidal.
Making suddenly 0.004 a floor is pure insanity.
In order to do this, we need to have stupid money here.
Smart money buys little by little over time and when the time is right, buys the market cap of the coin to such highs that the new class of wealthy elite is not willing to sell any coins anymore because they have become so rich that they do not care anymore. That I call a successful crypto currency.
I agree the risk is we will get tons of stupid money suddenly entering into Monero and this forces Poloniex's shorters taking losses and also potentially even the lenders might lose.
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What do you guys think will happen to the price of Monero if Bitcoin crashes to say 30 usd/btc?
Let's post some charts again
We broke the linear downtrend, not yet the log downtrend.
I guess when we break 0.00216, we can see a new push towards 0.00265.
I expect big resustance between 0.00265-0.00280 though
The uptrend that is forming on the 4h chart, extrapolated both log and linear below.
Imho the linear trend is sustainable for a few months at least:
We broke the linear downtrend, not yet the log downtrend.
I guess when we break 0.00216, we can see a new push towards 0.00265.
I expect big resustance between 0.00265-0.00280 though
The uptrend that is forming on the 4h chart, extrapolated both log and linear below.
Imho the linear trend is sustainable for a few months at least:
If I am not mistaken, it is traders who are taking short or long positions, not the platform.
If they play honestly, correct.
But even if they play honestly, we need to remember that if somebody just puts a floor at 0.004 for example, clearing all below that with a market order and refusing the price to go below that value, all the current shorts are burned and their margins evaporated. It is possible that the squeeze sends the price very high IF the platform decides to buy back the losses (they become the losses of the platform when the account holders are wiped out - they just abandon the accounts, but the lenders must be paid nevertheless).
Actually in their terms of use they say that lenders would not be paid.
Quote
Nobody operating a platform would do that. They rather start operating a fractional reserve, don't tell anyone, and pray that the price will recede and they can buy back later.
The operating of a margin trading platform for an altcoin is akin to walking the narrow path between insane and suicidal.
The operating of a margin trading platform for an altcoin is akin to walking the narrow path between insane and suicidal.
This may indeed be (short run) reputationally preferable to giving the losses to the lenders.
Interesting.
Won't they just sorta 'front-run' that massive marketbuy and clear the shorts along the way up to 0.004? Effectively letting the big buyer spend less btc?
Won't they just sorta 'front-run' that massive marketbuy and clear the shorts along the way up to 0.004? Effectively letting the big buyer spend less btc?
If I am not mistaken, it is traders who are taking short or long positions, not the platform.
If they play honestly, correct.
But even if they play honestly, we need to remember that if somebody just puts a floor at 0.004 for example, clearing all below that with a market order and refusing the price to go below that value, all the current shorts are burned and their margins evaporated. It is possible that the squeeze sends the price very high IF the platform decides to buy back the losses (they become the losses of the platform when the account holders are wiped out - they just abandon the accounts, but the lenders must be paid nevertheless).
Nobody operating a platform would do that. They rather start operating a fractional reserve, don't tell anyone, and pray that the price will recede and they can buy back later.
The operating of a margin trading platform for an altcoin is akin to walking the narrow path between insane and suicidal.
What if a significant number of coins get in pirate Hand?
The Hacker could dump monero into oblivion
The Hacker could dump monero into oblivion
... and what if your aunt had balls ... she'd be your uncle ... world is full of 'what if', just live with 'what is' and you'll be sweet bro
I love that a user with a profile name of extreme facials is more insightful and clever in presentation than our resident troll.
In the words of De La Soul, "If 'if' was a spliff, man we'd all be hiiiiiiiiiiiiiiiiiiiiiiiiiiiigh..."
What if a significant number of coins get in pirate Hand?
The Hacker could dump monero into oblivion
The Hacker could dump monero into oblivion
... and what if your aunt had balls ... she'd be your uncle ... world is full of 'what if', just live with 'what is' and you'll be sweet bro
I love that a user with a profile name of extreme facials is more insightful and clever in presentation than our resident troll.
What if a significant number of coins get in pirate Hand?
The Hacker could dump monero into oblivion
The Hacker could dump monero into oblivion
... and what if your aunt had balls ... she'd be your uncle ... world is full of 'what if', just live with 'what is' and you'll be sweet bro
I ignored him long ago. Now, if people would just stop quoting him...
I guess that's actually I good idea. His posting is really subpar; the only thing even mildly amusing about him is his frequent avatar changes, although he has to be unignored for that to be visible. Hmm...choices...
Edit: this post was off-topic. Uh, nice little spike the last few hours.
You missed it. He was a moderator there for a few days. Now he's some creepy old gold miner or something.
He shows strong indication of paid troll behavior with a clear agenda of spreading Fear, Uncertain and Doubt.
Who would pay someone so ineffective? I think he's just an actual internet troll.
And the instant you ban him we'll have five more trolls in here bitching about it.
Who cares about the DASH brigade trolls. Everyone sees through their feeble attempts. The only thing they can troll about now days is the GUI wallet.
Blockafett actually uncovered some small problems with mymonero web wallet and we should be grateful for that effort on his part.
I ignored him long ago. Now, if people would just stop quoting him...
I guess that's actually I good idea. His posting is really subpar; the only thing even mildly amusing about him is his frequent avatar changes, although he has to be unignored for that to be visible. Hmm...choices...
Edit: this post was off-topic. Uh, nice little spike the last few hours.
You missed it. He was a moderator there for a few days. Now he's some creepy old gold miner or something.
He shows strong indication of paid troll behavior with a clear agenda of spreading Fear, Uncertain and Doubt.
Who would pay someone so ineffective? I think he's just an actual internet troll.
And the instant you ban him we'll have five more trolls in here bitching about it.
btw people look at the 3 month chart: http://monero.net/#network_stats
funny to see the hashrate move with the price.
also it seems this oscilating thing is pretty big. around 3-4 mh/s. could it be the oscilating thing is this big "Unknown" pool here? https://monerohash.com/#network
i personally would guess so
funny to see the hashrate move with the price.
also it seems this oscilating thing is pretty big. around 3-4 mh/s. could it be the oscilating thing is this big "Unknown" pool here? https://monerohash.com/#network
i personally would guess so
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