Topic: [XMR] Monero Speculation - page 1885. (Read 3314330 times)

Oh the incident is true,  I was putting up some motivational walls to the trollbox chorus of comments like  "monero buy support looking strong" etc.. to dig myself out of a small hole (these were the days of 500+btc on one side) as usual and you tested taking out a chunk-  I quickly pulled the rest.  (you will be able to find the polo sell log.. not that you should care that much..)

I am aware of one notable exception to this general rule:  If you are aware of largish margined short positions, there is very little reason not to take their money.  In case you are unfamiliar with the process of running stops, it is as simple as placing a sell order just over the price at which margined positions are forced closed, and sweeping the market up to that price.  If you have the required data and do the math, it is as close as you can come to a guaranteed profit, and in a low cap market like this, it doesn't take much capital.  The down side to that is: As thin as the market is, there just isn't that much to be gained by it either;  I don't have the position info, but I do observe that the lend rates on XMR are miniscule, which means demand is quite low, which means positions are quite small, which means running stops just isn't going to net you a large win right now, limited as it is to a small fraction of the outstanding margined short position sizes.  What risk there is in the process comes from sellers on the side-lines dashing in to front-run your reaping order.

yeah is it not shame to be able to serve wm clients both way (not that I believed the incident is even true)

* * *

But I don't want to collect bonus points from the XMR fanatics that are already too deep invested and therefore eager to speak fanatically. Their problem is not that they are betting the wrong horse (I believe they are exactly right that BTC and XMR are the horses with the highest chance of success, and while both are underpriced, one is 1000 times more underpriced than the other), but that they are disregarding the odds of success, which are slim. This is risky, makes one emotional, and is visible both in the posts here and the sometimes unoptimal trading decisions.

If you (legit_chocolateface) are a trader, don't believe in any coin and only want USD profit, this is a challenging thread for you as most people here do not share the trading mindset, and are not interested in it, so your wisdom in trading is not appreciated. People here want Monero to succeed, and some are all in, some have a calculated position. The focus is not to get more USD/BTC in a few days/weeks timeframe but to change the world.

I am not against that you want to trade coins and make $$, don't you be hostile to those guys who have other aims! 

it's well known bitcointalk is a shithole but it's unfortunately the only shithole you've got.
moving onto your closed walls monero specific domain a la paycointalk is the altcoin equivalent of setting up scientology camps. You'll be sticking your fingers in the ears saying you can't hear the haters and preaching to the choir in a gigantic circlejerk while volume dwindles and involvement becomes increasingly diluted.. why must you keep turning this into monero vs the world.?

I simply said I'm sick everyday of reading this thread on the front page when there is barely any exciting information within. Lots of dreamers imagining how insanely rich they will become when xmr reaches parity to an oz of palladium and  many conspiracy theorists discussing how monero is being held down when the price heads south, none of that talk when the price pops up again... price goes up and down..you can't explain that, it doesn't need a forum post each time it shifts.. All I'm saying is It would be nice if it was simply condensed down into meaningful status updates on the project, with less signal to noise ratio. You guys over aggressive sales pitch and promotion drove off many, that's a truth.


See, this is the kind of attitude I am speaking of. You can deny it but it has caused many to simply avoid joining this crazy cheerleading squad. Apparently Monero is all supreme and any opinion to the contrary must come from some sort of sleeper agent working for another altcoin development team or one with a personal vendetta against monero... How pray tell is Monero a threat to my shitcoin investment ?  This is a trading game, it's not personal.  I am sat here wondering how on gods green earth the market decide faircoin and banxshares are more enticing than monero but that's just the way it is.. this is inefficient and irrational market, you have to trade swings.

How is xmr a threat anyway... Because it is performing so well recently?  because nobody has mixed baskets? I am quite confused... I have at times, bagholded Monero and at times profited from Monero the same as pretty much every altcoin currently or ever in my portfolio.  In fact the first time I was an XMR bagholder was when risto dumped 40k xmr into one of my buywalls whilst I was already down. I didn't want it filled at the time I had freaked out for a moment as the price took a turn for the worse, but  little bit of patience and sold at a profit awaiting another dip. It came. rinse and repeat coming out on top overall more than I got burned. It's not rocket science.  Nor did I have to resort to posting nonsense here about how Monero will overtake Bitcoin to become the obvious dominant successor.. The same story with many other altcoins. You seem to think this is that nobody is allowed to sell and rebuy or short..  They must just hold forever otherwise they are an enemy employed by evan duffield..

Thanks for the bump.

TBT I remember you saying this I have been asking to stop using bitcointalk for ages now I know no one will hear me, Monero is unstoppable.

I have asked the devs to abandon development, the holders to sell all their coins, the posters to cease posting to this thread, and the community to quit thinking that the coin could have even a microscopic chance to change the world.

No avail.

I said that it is doomed but I did not see any fucks given 

This is the convenient part to us, but for the ones like legit_chocolateface that may see Monero as a threat to their shitcoin investment, its a reason to troll, so pretty much everyone on crypto already knows about Monero, the next step now is getting in the ears of those who don't, and it cannot be this way IMO, buried in the bitcointalk - altcoin section some few threads of pure platinum bits among thousands of scams and trolls.

Stills this forum in inevitable to get those to hear about Monero, who still didn´t. The GetMonero Forum is more like the Inner Circle for those people that did. BCT is like the Social Media Platform for Cryptos.

I know how you feel, I have asked the devs to abandon this sinking ship full of rats and holes that is bitcointalk, they wont hear, its doing harm to Monero having the majority of its discussion in an alien forum, about the rest of your rant, you just hate us cause you aint us.

I dont know what is about Monero holders,  they alll seem to exhibit this strange sense of fanatical, zealous self-assuredness of it's undeniable superiority which just comes across a little to jehovas' witnessy to me. It's like watching a late night infomercial or reading one of these ebook self-improvement pitches..in this thread it's always laughing at the fools who dump.. (haha, nervous laughter) personally I dumped and brought back lower successfully many more times than I've been burned trying it so don't personally feel too much like a fool. Also everything is apparently an orchestrated attack against monero to keep it down.. THEY are trying and hold back this torrential waterfall that will be the monero success story.. The powers that be and the haters are pulling out every stop to contain this raging monero beast.. Yawn   

there is this unrelenting undercurrent being broadcast here that yes, buying and hodling a pithy amount of this bytecoin fork will allow you to buy a private island in Belize in 2-5 years. If you buy you will become soon the new wealthy elite, gentlement.. And yes you may not be able to find a single solitary purpose to holding this "currency" aside from buying a fleet of gulfstreams and a lifetime ski resort pass as there is not yet a single scrap of merchant adoption despite a year since inception and almost half fully mined.. but don't let that stop those like americanpegasus and rpietila who have nest-eggs overflowing with monero into encouraging you to gorge yourself on as much "cheap" xmr as possible. how many times we heard that before?

 with anonymity this currencies chief tenet (at this time quite a weak attraction as pretty much the only place to trade it- poloniex spectacularly  un-anonymous,  it's current sky-high inflation and many large holders concentrating wealth it doesn't seem anywhere near as groundbreaking as it's chief proponents try and insinuate.

I'm also sick of seeing this monero thread bumped to the front page of the altcoin discussion page by the same few posters. At last it's slightly more bearable than the 15 different monero threads but still almost every other altcoin sticks to the less trafficed altcoin announcement page

Wonderful post!  Fantastic insights!  It's almost as if you have seen this movie before.   

Your ideas are intriguing to me and I wish to subscribe to your newsletter.

Markets are the ultimate contrarians; when everybody expects XMR's price to increase (irrational exuberance) it will always go down.

This is counter-intuitive, probably because our mammal monkey brains are not wired for Baysian filtering, and thus don't properly discount spammy price-hyping bias confirmations.

The new ability to short XMR acts to price in future emission and thus flatten demand peaks, sometimes to the point of trend-breaking technical damage.

In the longer term, this effect will be mitigated by the countervailing fact that XMR lending is removing tens of thousands of coins from the sell side, and by the inevitable short squeezes.

TL;DR:  Dear Mr. XMR Dumper, please borrow and dump moar XMR.  They still are seem too expensive for my cheapskate early-adopting ass to nobble and HLOD.

High supply inflation means that none of us really has any incentive to pump XMR. It's very expensive to maintain an XMR pump for any extended period of time. We do have the incentive to keep the price interesting enough so that the project doesn't die. But there's very little danger of death so long as the devs are committed. As I said a long time ago, don't fear the reaper. A near death experience will only give the devs an increased ability to add to their stakes. That will do nothing but improve the incentives of the devs.

 
 
It's crazy to think about...  It sounds quite unfair, but I can't find any good reason why it won't be true:  we are going to buy as much Monero as possible right now and hold onto it (no margin games), and in ten years we are going to be obscenely wealthy. 
 
All we can do is try to build and work with the technology, help new users, and vow to be responsible stewards of a great amount of wealth. 
 
I know I get euphoric sometimes, but honestly even if I never said a word it would still happen...  This thing is a beast that isn't past its tipping point yet, but once it reaches a certain 'critical mass' then I don't believe it's growth will be stoppable.

who ever is dumping now is doing us a service, the number of coins the XMR emission gave us the past year will now take 2 years 

You don't need a tinfoil hat to realize that pretty much every time there's volatility or significant movement in XMR's price, some kind of major disruption/panic occurs to thwart it. Every single time.

Contraceptive.

Smooth, please allow some light hearted trolling in the thread. Can't be all serious in the Monero thread?
mrkavasaki and TrueCryptonaire bring so much value to this thread. /jk

mrkavasaki this is your last warning. You are welcome to express negative opinions about Monero and Monero's price outlook but at least include some kind of reasoning or explanation for it. If your posts do not add meaningfully to the conversation they will be deleted and you will earn the honor of the first person ever banned from the thread