Topic: [XMR] Monero Speculation - page 1878. (Read 3314343 times)

looks like the wallz is hodling.

This sounds like Bitcoin in 2011 and the MTGox hack. Bitcoin is alive; however MTGox is dead.

kenji and mrkavasaki are the same person kenji being the sidekick of mrkavasaki

As said on the main thread, the only place to sell any significant amount of coins would be on the exchange they stole from. 

Only a small percentage of Polo's total is in their hot wallets.

Are you two really the same person?

Yes, i think that would mean the end of monero
The Hacker would dump that shit in oblivion 

That Is also one of my reasons that i had sold all of my xmr

Hi Guys,i have a question, if our main exchanger Pole be attacked by an Hacker, many coins would in a evil hand, so do you Guys think that would be the end of monero?

MoneroX is the best one out there if you want an "offline" solution. I wasn't able to run the OSX client though, no matter how hard I tried. I have chosen the VirtualBox solution, with a win7-64bit machine that runs on a 16Gb macbook pro. Charm. Make sure you created a virtual HDD of more than 40Gb though, since 25Gb is used for the win environment + swap file.

Polo currently does not give the amount of shorts and longs. when asked in the troll box a mod responded that more things will be rolled out in the future but as of now the margin system is still in beta.

so when or what data will be public is obviously unknown.


Edit: I currently have neither btc nor Monero on Polo but still check their site for info.

Risto, don't you think chances of Poloniex being involved in margin trading themselves is 'marginal' considering the regulatory framework they've to comply to? If you get caught with that, you'd have to close shop.

This is crypto world and there is only one rule: "There are no rules!"

If I am not mistaken, it is traders who are taking short or long positions, not the platform.
They are even charging higher trading fees on margin trading than with the ordinary trading activities.

The leverage game hinges on the integrity of the platform. If the platform is not running fractional reserve, and the safety margins are large enough, then the short squeeze can possibly be epic, because the number of entities who have enough bitcoins to trigger it is enormous, yet the number and value of XMR that can hinder it is limited. All shorts lose everything.

But if the platform is corrupt, then they will just create more XMR in their system in the event of a squeeze, tapering it off, and hoping they can recoup the position later by buying in their system and canceling the bought XMR against their undisclosed short. If the recouping does not work out, they have a systemic short position, and they can only play time with restricting withdrawals until the eventual happens - they don't have any XMR in their wallets, yet do have them in the system, people cannot withdraw, and it goes down in flames. This is a widely accepted theory of Mt.Gox fall.

A successful long squeeze is possible only in the event that the coin is tending towards zero for its own merits. Even if it drops to zero in a platform, as long as the platform is honest, this will just be an incredible opportunity for the believers to amass more coins. It does not make the coin valueless, any more than the Mt.Gox hack in 2011 made BTC valueless (the system price dropped to 0.01 during the event, from the previous value of about $17).

Of course real XMR selling pressure or shorting pressure can depress the price such that longs are forced to liquidate by the system rules, and this will cause them to suffer losses. But the winners in this case are not the shorters, as the price will bounce back, and obtaining the sold/shorter XMR back without spiking the price more is really difficult. The winners are the patient buyers who just get to buy cheaper.

I advise against participating in the margin game, because historically there is no much evidence that the platforms can deliver in a black swan event. So if you lose, you lose; if you win, the bank loses, and therefore you also lose. Even keeping any value in platforms that enable margin trading is (if possible) even more reckless than keeping it in non-margin platforms, which is reckless.

I think it is not possible unless you have some coins waiting and you can see that nobody is shorting but bitcoins will be borrowed almost within heartbeat.

Where can you observe the total longs vs. shorts?

Based on the activity in the lending markets I would rather see a long squeeze than a short squeeze.
People are taking long positions all day long and hardly nobody is shorting. The first guy who starts shorting will get paid the most handsome way in case of long squeeze.
We are living interesting times... I wonder when the bubble pops....

You have a few to choose from:

http://getmonero.org/getting-started/choose

Is there a wallet with a GUI interface

Every troll says that all day long. We should ban that sentence from even being used here. Don't you agree?

Don't worry.  No one will ever say that.