Topic: [XMR] Monero Speculation - page 1896. (Read 3314330 times)

 
  
Seriously, how much do these people get paid?   I would be rich right now if I sold my writing abilities.  

On the other hand, my honesty and integrity have opened up connections and opportunities I otherwise wouldn't have had, like discovering this opportunity-of-a-decade.

I am pretty sure that inflation rate and lending rate are not intercorrelated at all. the reason for the low interested rate on xmr is the lack of alternative use cases.

My own position in crypto:

some btc some xmr.
BTC I am able to lend with good interest rate, XMR is impossible to lend as there are nobody shorting it and the rates are getting hammered meanwhile btc offers decent rates.

So I am not trading but lending business. I do not have time to trade... To be honest I am worried that my XMRs are not borrowed by anyone and this is probably the only thing  I want to use my Moneros so it is not really tempting to hold Moneros.
I kind of would hope XMR would offer nicer rates than btc because in free market efficient economics it should do so thanks to the gap in the inflation rates. Now the status quo is quite the opposite it rationally should be.

Contact your employer. Tell him he's not getting what he paid for. (or you could ask for a raise in order to make posts with better quality)

Once a cocksucker, always a cocksucker.

Such short notice shows either:
- a lack of professionalism (in which case you should lower your trust-levels towards them) or
- them trying to pull it through rather fast and inconspicuously, likely weathering how fast they could do it without pissing of people completely (in which case their whole attitude should be questioned and your trust towards them should be adjusted)

What it doesn't show is any trying in protecting customer data (for whomever is snooping).

The case can be made though that it is only traders who trade on there, and as such they log in every day. Otherwise you shouldn't have a balance on there. That point is irrelevant in my opinion.

Realise though that they likely have a gun pointed at their heads. It is either KYC/AML or die. That doesn't excuse the very short implementation time, especially when withdrawals have been an issue for many people. But plenty of other people have had guns pointed to their heads and have acted better.


You should not give fake data to them either, because a) You (likely) breach your contract with them, b) those who would want to track you can track you anyway, likely and c) if you can not provide ID to support that data later one when they will require more (and ohh.. they will require more in the future, don't doubt that for one average monero transaction confirmation..) your funds will be confiscated.

In particular we should be opposed because 3'rd parties with subpar security shouldn't handle our personal data.

well i think tc is right, at the moment monero is too expensive. shorting is probably the best choise you can make

In other news, here is a very well written alternative perspective on the recent Poloniex developments and its impact on the cryptospace:-

http://coinarb.tumblr.com/post/119399539544/some-thoughts-on-poloniex

There are many hired goons and trolls in the XMR space - usually either originating from Bytecoin or Darkcoin.

In the case of TrueCryptonaire - make no mistake - he knows full well the long-term prospects for XMR which is exactly the reason he's trying to get the price lower.

When he's operating on the right side of team he's often a useful asset. At other times, such as now, more of an ass.

In any case, he's gambling that his BTC warchest for shorting is more than those that are in counterpoint... which is a very, very dangerous gamble for him.

 
  
Confirmed that TrueCryptonaire is a FUD-spreading troll, either a hired goon or trolling for profit. A cursory glance at his posting history will show you everything you need to know about him.  If you listen to his advice, you will lose your money.  
  
It's best not to acknowledge his idiocy anymore.

pirateat40 built up a massive Bitcoin short position in late 2011 early 2012. It did not end well. In spite of the advice above, I would not be surprised if someone goes for a big Monero short.

How many times I have to tell you the economic reasons why one might be interested in shorting?
Read my previous posts and wise up.

I am not trying to predict but I see the Golden opportunity to be better shorting than longing.
I do not want to repeat myself.
When the rates are dirt low it means the rates must go up especially if the relative inflation (inflation of xmr vs. inflation of btc) is not in favor of XMR, it is rational thing to get actually higher rate from lending XMR than BTC.

I am not saying "it will go there". If I were saying you can call me stupid, but I am saying rather: it might go or odds are or probably it will go down.

The fact that it is forming bearish triangle now looks pretty bearish to me (from the charts of the current year). The all time chart looks actually far more scarier.
If I had to base my decision to invest into XMR on charts, I would stay away - with distance.
Fundamentals I am not sure.... Perhaps there are some hope for the long term investors to regain their money back? I certainly hope so....

Llyodimiller4, I'm assuming that was directed at cryptoriches.  (edit: lol, I see your edit)  
  
There is zero mathematical or financial way you can justify taking a short position in Monero, and I'm only so adamant about this because a lot of people are going to lose money in the coming years over this, and I want to have a clean conscience about it.  
  
Anyway, let them put on their big boy pants.  Margin trading is very dangerous, and major exchanges don't just let any random get 2.5x leverage on their collateral.  There is an approval process, and I'm a little concerned that Poloniex is apparently letting every account margin like crazy right out of the gate.

You are right that they are cocksuckers due to the timeline they gave, but asides from that I don't think the direction they are going is bad. They aren't asking for much info for level 1 verification, data that could be easily fabricated. I agree that they messed up and that the two-days deadline was a really big 'fuck you' to their customers.


Don't listen to anything Truecryptonaire has to say when it comes to trading. He purposely tries to mislead newcomers to lose their money so that he can take it from them. He is a scumbag.

-edited for clarity on which scumbag-

 
  
Ask yourself why people aren't willing to short Monero right now.  
  
Your argument boils down to "No one is stupid enough to short Monero right now, because that would be an obviously bad move, so everyone better short Monero."  
  
Your logic makes sense in a large and relatively stable asset like Apple stock, but even then shorting volatile and promising tech companies is a fools game.  
  
Shorting a tiny crypto, who has the best long term future of any crypto (besides bitcoin)?  Are you mad?  
  
Do you realize how stupid you sound?   Imagine in 2011 when bitcoin was hovering under $1 if you had given the same advice: "everyone should short because it's inevitable."  
  
You would lose your shirt and shit quick.  Monero isn't some sideways trading shit coin.  It's trajectory is exponential, and the moves upward won't always be predictable.  They will come violent and quick, far faster than you can exit your shorts.  
  
Your account will be liquidated faster than you can react.  
  
For you pros out there, you already know how stupid this guy's advice is.  For you rookies out there (and I know some of you read this too), please don't listen to this guy.  He is giving some of the worst advice I've heard.  
  
If you think Monero is in a downtrend and you don't want to acquire it right now, fine.  But no one can predict the moves in such a small and volatile (and upward bound) asset.  
  

Everything is pretty new here.
However in economics it is a general and well-known principle that everything tends to go to the equilibrium.
The equilibrium can be divided into two categories: 1) Stable 2) Dynamic equilibrium

If Crypto works at least a little bit like free markets it should try to go to the equilibrium where all the parameters should be more or less equal...
The relative high inflation of XMR compared to BTC suggests that XMR should have higher interest rate to compensate the inflation, otherwise investors are better off by dumping their Moneros and lending btc and the rate of btc drops and the rate of Monero goes up.

My hopefully is quite different than your hopefully.  Nothing personal but I hope you lose every single BTC in your margin account.

But to each their own?

Nothing in the above text can be trusted.

XMR might need testing, but newcomers also need protecting.

Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.

I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.

Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.

truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.