[XMR] Monero Speculation - page 1901.

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: kurious on May 19, 2015, 03:53:40 AM

Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.

No verification of name required, no ID requested - so you could even give a false one, it seems.

With your email addy known already - you are effectively traceable to that extent by TPTB anyway.

For most people it's not that scary.

Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.

That´s when law steps in.....
In my personal opinion, anonymity of crypto was thrown away in favor of making money, busines with it Roll Eyes

kurious

legendary

Activity: 2604

Merit: 1748

Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.

No verification of name required, no ID requested - so you could even give a false one, it seems.

With your email addy known already - you are effectively traceable to that extent by TPTB anyway.

For most people it's not that scary.

Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.

Siexpert

newbie

Activity: 42

Merit: 0

A lot of altcoins are increasing in value (are pumped?) these days, see peercoin or blackcoin. Even litecoin might have a bull run in the not too distant future, given the fact that it looks like a double bottom is in at the 0.0058 level. It might be an end to the bear market on the altcoins, so better watch out with those Monero shorts

farfiman

legendary

Activity: 1449

Merit: 1001

Quote from: rpietila on May 19, 2015, 03:13:27 AM

....
It may increase of decrease the price of the coin in the short term (hard to say which one: my knee-jerk reaction was to buy XMR as long as I conveniently can, but apparently the economic majority last night wanted BTC instead).

I don't think they wanted BTC - they wanted out of polo. Probably the don't have or don't want to deal with xmr wallets so they had no choice.

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: GTO911 on May 19, 2015, 03:24:38 AM

We need a Decentralized exchange !

Bittrex.com Poloniex.com cryptsy.com(maybe) -> that is in technical means decentralized Cheesy

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: rpietila on May 19, 2015, 03:13:27 AM

Quote from: americanpegasus on May 19, 2015, 12:22:18 AM

Margin call, bitch.

First rule of Monero Club: Don't short Monero club.

Yeah. Please guys, don't be such idiots. I say this once, and you will be an idiot (at most) once, ok? Cry

Quote from: Wexlike on May 19, 2015, 02:15:40 AM

Without a working anonymous exchange i feel really bad regarding the short/middle term. Not gonna buy back without an anonymous exchange with at least some volume.

As I tried to explain a few weeks ago, Monero's scenario universe is such that it either fails comparably soon, or reaches a high value somewhat later.

How does the (so far not experienced, rather completely theorized) reduction in trading volume affect the scenarios?

It does not affect the magnitude of the upside to a quantifiable extent (it is too far in the future to be affected).
It does not affect the probability of total failure to a quantifiable extent (total failure is either technological or community-induced and not correlated).
It may increase of decrease the price of the coin in the short term (hard to say which one: my knee-jerk reaction was to buy XMR as long as I conveniently can, but apparently the economic majority last night wanted BTC instead).

I am buying in month by month, get me a cup of tea and wait until next year spring and then nip on my cup of tea with some valuable Moneros -> aka long term holder (some tiny extend of Moneros, but Moneros) Grin

GTO911

hero member

Activity: 672

Merit: 500

We need a Decentralized exchange !

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: americanpegasus on May 19, 2015, 12:22:18 AM

Margin call, bitch.

First rule of Monero Club: Don't short Monero club.

Yeah. Please guys, don't be such idiots. I say this once, and you will be an idiot (at most) once, ok? Cry

Quote from: Wexlike on May 19, 2015, 02:15:40 AM

Without a working anonymous exchange i feel really bad regarding the short/middle term. Not gonna buy back without an anonymous exchange with at least some volume.

As I tried to explain a few weeks ago, Monero's scenario universe is such that it either fails comparably soon, or reaches a high value somewhat later.

How does the (so far not experienced, rather completely theorized) reduction in trading volume affect the scenarios?

It does not affect the magnitude of the upside to a quantifiable extent (it is too far in the future to be affected).
It does not affect the probability of total failure to a quantifiable extent (total failure is either technological or community-induced and not correlated).
It may increase of decrease the price of the coin in the short term (hard to say which one: my knee-jerk reaction was to buy XMR as long as I conveniently can, but apparently the economic majority last night wanted BTC instead).

Wexlike

legendary

Activity: 1474

Merit: 1087

Wow, you guys are more bullish than i am. Without a working anonymous exchange i feel really bad regarding the short/middle term. I am mostly pissed at poloniex, that is why i sold my stash and took out my btcs before tomorrow, since that is the last possible day without giving away your details, and turned into bear.

Not gonna buy back without an anonymous exchange with at least some volume.

sphericon

sr. member

Activity: 327

Merit: 250

Quote from: Anon136 on May 19, 2015, 01:05:47 AM

Quote from: americanpegasus on May 19, 2015, 12:22:18 AM

Hilarious. That's a short lesson as to why you DO NOT short Monero.

I mean, Monero isn't another shit coin. It has true believers, some of which who have deep pockets. If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof.

Margin call, bitch.

First rule of Monero Club: Don't short Monero club.

Haha and if you are a monero bull, and you can force a bunch of margin calls, its like a self fulfilling prophecy as polo auto executes monero buy orders in response to your monero buy orders.

Hah, exactly. This is why I leverage-purchased moneroj on polo last night after BCX's dump to 230.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: americanpegasus on May 19, 2015, 12:22:18 AM

Hilarious. That's a short lesson as to why you DO NOT short Monero.

I mean, Monero isn't another shit coin. It has true believers, some of which who have deep pockets. If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof.

Margin call, bitch.

First rule of Monero Club: Don't short Monero club.

Haha and if you are a monero bull, and you can force a bunch of margin calls, its like a self fulfilling prophecy as polo auto executes monero buy orders in response to your monero buy orders.

americanpegasus

hero member

Activity: 770

Merit: 504

Hilarious. That's a short lesson as to why you DO NOT short Monero.

I mean, Monero isn't another shit coin. It has true believers, some of which who have deep pockets. If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof.

Margin call, bitch.

First rule of Monero Club: Don't short Monero club.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: kazuki49 on May 18, 2015, 10:24:03 PM

Quote from: ?? on ??

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

It will be fair and legitimate and if by golly Monero gets there it will be one the greatest accomplishment of mankind.

In the long run its a great thing. Anyone who is short will have to buy monero back at some point in order to pay back his loan anyway so its certainly not the end of the world. In the mean time they will temper the "irrational exuberance". Shorts smooth out the market and mitigate, to some extent, those giant spikes followed by crashes. I for one would rather take the stairs up than a cannon. At-least that way there is a chance of staying there. A parabolic rise is always accompanied by a crash. A smooth measured rise has a good chance of plateauing.

kenji

sr. member

Activity: 448

Merit: 255

When do you guys think $5 per xmr are possible? Grin

Still this year?

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: ?? on ??

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

It will be fair and legitimate and if by golly Monero gets there it will be one the greatest accomplishment of mankind.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: binaryFate on May 18, 2015, 10:19:39 PM

Quote from: ?? on ??

I have all my monero at poloniex exchange. I haven't had the time to store them properly so I just left them there for now. I'm planning on transferring most to mymonero.com. Is that my safest bet?

It's a very safe bet, as long as you trust your computer not to be infected with keylogger-type malware.

If you want that extra security just make a linux bootable usb.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: ?? on ??

I have all my monero at poloniex exchange. I haven't had the time to store them properly so I just left them there for now. I'm planning on transferring most to mymonero.com. Is that my safest bet?

It's a very safe bet, as long as you trust your computer not to be infected with keylogger-type malware.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: ?? on ??

Quote from: mrkavasaki on May 18, 2015, 10:00:03 PM

Quote from: hodlmybtc on May 18, 2015, 09:53:55 PM

Quote from: mrkavasaki on May 18, 2015, 09:49:19 PM

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

This was just an advice. I have already sold my xmr at 0.0034

When BTC was busy mooning on Gox, did shorting exist?

You mean when willybot was busy buying all BTC with fake USD? Cheesy

Quote

Counting the costs

The leaked logs show that $112 million was spent by Willy to buy approximately 270,000 bitcoin, the majority of which was bought in November 2013. This, the author claims, is predominant reason that the price of bitcoin increased so much in 2013; much more so than Chinese investments, the Silkroad takedown, and NYC trade hearings. In support of this, these bot trades coincide with increases in the bitcoin value on Mt Gox. Additionally, Markus gained around 300,000 BTC and $4 million (US) over its entire trading history. This gives a total of approximately 570,000 BTC .

Anon136

legendary

Activity: 1722

Merit: 1217

how do you short xmr? what is the process?

hodlmybtc

hero member

Activity: 700

Merit: 500

Quote from: futureofbitcoin on May 18, 2015, 09:57:58 PM

I'll do it if you give me 1 XMR for every XMR I short

I'll ask again: what other exchanges trades XMR and has a decent volume? i know bittrex has it cryptsy doesn't. I don't know many altcoin exchanges though.

None: http://coinmarketcap.com/currencies/monero/#markets

Quote from: mrkavasaki on May 18, 2015, 10:00:03 PM

Quote from: hodlmybtc on May 18, 2015, 09:53:55 PM

Quote from: mrkavasaki on May 18, 2015, 09:49:19 PM

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

This was just an advice. I have already sold my xmr at 0.0034

Good luck if you really think you can buy back at 0.0008 Wink

Topic: [XMR] Monero Speculation - page 1901. (Read 3314330 times)