Looks like we could be about done pricing the KYC/AML news in.
People like to talk about weak and strong hands... THIS is a time, if you look at the chart, when we were surely passing coins from weak to strong. Volume went up and the price held in the long run. It was bumpy, but buying and selling ended up washing out. Those who bought are happy I bet.
Topic: [XMR] Monero Speculation - page 1898. (Read 3314330 times)
Smaller supply, same demand + idiots who shorted and are about to get margin squeezed:
Do you expect the demand to stay the same, when a lot of the privacy conscious people who'd likely be interested in anon coins will now leave Poloniex because of its KYC policy?
On the other hand, perhaps the same is true for supply, botnets might switch to another coin as their deposit / withdrawal patterns should look suspicious to polo.
The advent of short selling isn't really bullish or bearish in my opinion, but it has a net positive on the market. It create liquidity, smooths out variance, and thereby aids in price discovery.
Therefore after a time, the market becomes harder to manipulate and the price (supposedly) more accurately will reflect the actual sentiment of the market be it positive or negative.
On the other hand, rallies fueled by a short squeeze are fun to behold.
Short positions will make or break bears. It will give our favorite naysayers a way to put their money where their mouth is.
Therefore after a time, the market becomes harder to manipulate and the price (supposedly) more accurately will reflect the actual sentiment of the market be it positive or negative.
On the other hand, rallies fueled by a short squeeze are fun to behold.
Short positions will make or break bears. It will give our favorite naysayers a way to put their money where their mouth is.
I'm personally hoping that a bunch of tards took advantage of the chance to short their hated XMR, and as soon as this 48-hour period is up (which is soon) we are going to see the demand return to XMR in full force, except now there's less to go around.
Smaller supply, same demand + idiots who shorted and are about to get margin squeezed:
= should be interesting super-bull conditions.
How will short selling affect XMR in the short term?
People used to be able to go long but not short. Now people can do either. Meaning one would expect there to be more short selling now than before. So it's bearish. Right? Am I missing something? But people also didn't used to be able to go long on margin. So that should be bullish. Maybe it cancels out?
The difference is now you will be able to do it as well.
Digitalbtc have partnerships with Cryptsy so they would have been short selling there for some time I'd say.
http://www.asx.com.au/asxpdf/20140610/pdf/42q3q07vlf5b3l.pdf
Last paragraph page 1
I assume that any Market Maker would be doing the same regardless of the exchange. They'd just say .."we will increase volume...but we need to be able to short sell coins you have."
Bought a nice amount of blackcoin with profits from monero 
Thanks for the pump
Good for you and well picked Thanks for the pump
The advent of short selling isn't really bullish or bearish in my opinion, but it has a net positive on the market. It create liquidity, smooths out variance, and thereby aids in price discovery.
Therefore after a time, the market becomes harder to manipulate and the price (supposedly) more accurately will reflect the actual sentiment of the market be it positive or negative.
On the other hand, rallies fueled by a short squeeze are fun to behold.
Short positions will make or break bears. It will give our favorite naysayers a way to put their money where their mouth is.
Therefore after a time, the market becomes harder to manipulate and the price (supposedly) more accurately will reflect the actual sentiment of the market be it positive or negative.
On the other hand, rallies fueled by a short squeeze are fun to behold.
Short positions will make or break bears. It will give our favorite naysayers a way to put their money where their mouth is.
I'd like to participate in this thread, but im not a fan of moderated threads. Oh well.
Have a free bump on me though.
Have a free bump on me though.
smooth "thick skin" dude rarely moderates this thread, even trolls have a field day around here.
How will short selling affect XMR in the short term?
People used to be able to go long but not short. Now people can do either. Meaning one would expect there to be more short selling now than before. So it's bearish. Right? Am I missing something? But people also didn't used to be able to go long on margin. So that should be bullish. Maybe it cancels out?
How will short selling affect XMR in the short term?
I'd like to participate in this thread, but im not a fan of moderated threads. Oh well.
Have a free bump on me though.
Have a free bump on me though.
It's probably one of the least moderated of all of the moderated threads. I've deleted maybe 10 posts total in a year, and explicitly explained the reason for every single deletion.
But to each his own. Welcome and goodbye.
Just go through and look at some of the overtly trollish posts that are still here
I'd like to participate in this thread, but im not a fan of moderated threads. Oh well.
Have a free bump on me though.
Have a free bump on me though.
It's probably one of the least moderated of all of the moderated threads. I've deleted maybe 10 posts total in a year, and explicitly explained the reason for every single deletion.
But to each his own. Welcome and goodbye.
I'd like to participate in this thread, but im not a fan of moderated threads. Oh well.
Have a free bump on me though.
Have a free bump on me though.
but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.
Is there no plausible deniability here? Couldn't someone just say that they bought them as an investment but their hard drive crashed, so they no longer have the keys? There are a number of different innocuous examples that might be argued. I'm sure there are better ones than my dog ate my private key.
The difference is that with Monero, it's much more difficult for them to be tracking you ahead of time. They may have some idea of what you're doing, but they won't have all the data on you that they would with Bitcoin, and they would more likely not be as easily able to argue that you did anything different than what you said you did.
But, to think about it, there'd be no grounds for the government to even come and try to confiscate anything, because they'd have no way of knowing where your moneroj went or came from, so them "suspecting" you of anything can't happen, as then they'd have to suspect everyone of the same thing. Thank god for privacy.
Such a thing as the government knocking at your door is only possible in coins with transparent blockchains because of the history/trail the coins leave behind.
Bought a nice amount of blackcoin with profits from monero
Thanks for the pump
Thanks for the pump
but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.
Is there no plausible deniability here? Couldn't someone just say that they bought them as an investment but their hard drive crashed, so they no longer have the keys? There are a number of different innocuous examples that might be argued. I'm sure there are better ones than my dog ate my private key.
The difference is that with Monero, it's much more difficult for them to be tracking you ahead of time. They may have some idea of what you're doing, but they won't have all the data on you that they would with Bitcoin, and they would more likely not be as easily able to argue that you did anything different than what you said you did.
Yes, please list and use and spread the word. Centralized exchanges, meh. Always been trouble.
Nothing against moneroclub - it's great to have - but, it's not exactly decentralized.
The exchange is. Moneroclub is just a method of meeting people. Use another method if you like. Better yet, use both/many.
Yes, please list and use and spread the word. Centralized exchanges, meh. Always been trouble.
Nothing against moneroclub - it's great to have - but, it's not exactly decentralized.
Left Polo. Seems shapeshift is my only option. Don't trust BTER. Bittrex is US based too so it's only a matter of time.
is there a local bitcoins website but for XMR?
is there a local bitcoins website but for XMR?
https://www.moneroclub.com/offers/
Is a great site, but I'm not sure of the take up on there
Yes, please list and use and spread the word. Centralized exchanges, meh. Always been trouble.
There's a p2p exchange project in development that's supposed to work with Monero (but I can't remember what it's called... anyone?). Perhaps this is good opportunity for our community to get more involved in that endeavor.
Left Polo. Seems shapeshift is my only option. Don't trust BTER. Bittrex is US based too so it's only a matter of time.
is there a local bitcoins website but for XMR?
is there a local bitcoins website but for XMR?
https://www.moneroclub.com/offers/
Is a great site, but I'm not sure of the take up on there
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