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Topic: [XMR] Monero Speculation - page 1927. (Read 3314330 times)

hero member
Activity: 798
Merit: 1000
April 28, 2015, 12:09:00 PM
sticking up needs a hammer.

So the question: What I just described is what this project represents, and you sold. So did you used to need that value proposition but dont any longer? Or some other project you have discovered has a similar value proposition? Or does monero no longer represent that value proposition to you? Or did you never need it and just wanted to make a quick buck by gambling?

Regarding the bolded part, very few alts are actually used in real world scenarios. The aim of 90% of the market is to speculate on alts. Buy low sell high to aquire more fiat/btc. This will continue to be the case until real world uses for these alts are established. You cant be surprised as people move from coin to coin to acheive this goal.

Furthermore how much of a gamble is it to buy when Risto says that the price will start rising ? Compared to some alt plays I've been involved in that was the easiest wave to ride I've ever seen. One thing I've been pondering lately is what would have happened if the announcement had not been made and Risto chose to buy slowly and quietly instead of conjuring up such gusto within the market.

EDIT: I know I'm bearish in general and Ive been this way since 0.0035+ so I feel justified. Note I'm not saying that its crashing and burning just that this wave is subsiding. Another accumalation period will likely happen before another wave takes over. Its just market movements, bulltards and beartards both look stupid when they either say it's mooning or its dying.
hero member
Activity: 532
Merit: 500
April 28, 2015, 12:03:17 PM
Quote
Or did you never need it and just wanted to make a quick buck by gambling?

That answers your own question. Thats pretty much what all daytraders want. And all they care about.
No one of them are long term investors and nothing of what they do really matters in the end. They are just a drop in the ocean.

See, mrkavasaki aka kenji aka truecryptoretard just replied the same shit he does since days ;-)
hero member
Activity: 888
Merit: 500
April 28, 2015, 12:00:17 PM
oh oh dosen't look good Tongue
i guess we will see at least sub 0.0010 prices soon
legendary
Activity: 1722
Merit: 1217
April 28, 2015, 11:44:45 AM
To all the people leaving, I have to wonder, why were you here to begin with?

I'm here because I am in need a means of sending value over long distances quickly, cheaply, and privately as well as a means of storing value privately. Maybe i will leave monero when some better alternative exists for accomplishing these same ends but until such an alternative exists i will continue to need monero. Just as a person who has nails sticking up needs a hammer.

So the question: What I just described is what this project represents, and you sold. So did you used to need that value proposition but dont any longer? Or some other project you have discovered has a similar value proposition? Or does monero no longer represent that value proposition to you? Or did you never need it and just wanted to make a quick buck by gambling?
legendary
Activity: 1834
Merit: 1019
April 28, 2015, 11:33:16 AM
"cheap coins" soon  Cool

Fixed.

I was needlessly worried my plan to acquire 0.1% of mainbody emission (18.4k XMR) was going to be expensive.   Cheesy

Only a couple more thousand to go!

Thanks for the rage dump Otoh.  Too bad your insta-pre-dev-mined HYIP scam coin got called out by CMC.

It's possible that he's just stress testing the Monero market before joining us.
legendary
Activity: 1834
Merit: 1019
April 28, 2015, 11:32:00 AM
They are reportedly lying, you can´t share your point of view if you are lying.

We're very well aware when anyone is, and that will say a lot too. We're all learning.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
April 28, 2015, 11:31:33 AM
"cheap coins" soon  Cool

Fixed.

I was needlessly worried my plan to acquire 0.1% of mainbody emission (18.4k XMR) was going to be expensive.   Cheesy

Only a couple more thousand to go!

Thanks for the rage dump Otoh.  Too bad your insta-pre-dev-mined HYIP scam coin got called out by CMC.
full member
Activity: 384
Merit: 117
April 28, 2015, 11:22:43 AM
"cheap coins" soon Sad
hero member
Activity: 532
Merit: 500
April 28, 2015, 11:00:05 AM
They are reportedly lying, you can´t share your point of view if you are lying.
legendary
Activity: 1834
Merit: 1019
April 28, 2015, 10:53:55 AM
We're all affiliated  Wink

Just take your time, and btw I don't think they're trying to deceive us or anything, just sharing their point of view they hold.
hero member
Activity: 532
Merit: 500
April 28, 2015, 10:44:45 AM
losing my faith in monero Undecided
how low do you guys think we will go?

Same boat man!
Nobody really can tell how low it will go but all the signs are looking ugly now.
I would not like to be Monero owner these days.
A huge disadoption going as coins are being dumped.
I wonder when the Panic-Patricks are entering and starting to dump. That will be even bloodier than the current red candles.

Hello Scammer,

why do you care, you have sold a loooong time ago already?

I hate to say this but sub 0.001 is now a possibility.

0.000 is a possibility. so what. no risk no reward.

I have sold over 95 % of my coins and I have no intention to rebuy them unless I do not get them cheap enough.
If Monero ever moons big time, I am making nice money even with less than 5 % of my initial investment.
Funny thing I do not even have any temptation to buy coins at these prices.
And I sold them long time ago, not today or yesterday.



So TL;DR

Kenji -sold his coins - he says
TrueCryptionaire - sold his coins - he says
mrkavaski - sold his coins - he says


All of them tell us the same shit, at the same time, all of them are nuts. How big is the chance they aren´t affiliated?
sr. member
Activity: 400
Merit: 263
April 28, 2015, 09:27:05 AM
losing my faith in monero Undecided
how low do you guys think we will go?

Same boat man!
Nobody really can tell how low it will go but all the signs are looking ugly now.
I would not like to be Monero owner these days.
A huge disadoption going as coins are being dumped.
I wonder when the Panic-Patricks are entering and starting to dump. That will be even bloodier than the current red candles.

You will make an excellent cozy bearskin in front of my fireplace.
legendary
Activity: 1092
Merit: 1000
April 28, 2015, 09:19:26 AM
losing my faith in monero Undecided
how low do you guys think we will go?

Same boat man!
Nobody really can tell how low it will go but all the signs are looking ugly now.
I would not like to be Monero owner these days.
A huge disadoption going as coins are being dumped.
I wonder when the Panic-Patricks are entering and starting to dump. That will be even bloodier than the current red candles.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
April 28, 2015, 09:17:37 AM
Sound deductive reasoning

I concur. I'll be happy if I can get back in under .002 to be honest but if the price tanks there too quickly I'll wait for .0018.

It's really no different than calling a bluff. Smiley Just gotta see how big you can get the pot before they hit their card. Cheesy

legendary
Activity: 1428
Merit: 1001
getmonero.org
April 28, 2015, 09:13:09 AM
losing my faith in monero Undecided
how low do you guys think we will go?

Nice. Now get out fast and please let us be.

From your latest posts you have predicted a fall to 0.0015 and then below 0.002. You have also sold your last monero. Monero is 0.0025 now. So why do you even lose faith now?

What i mean is that your posts clearly show that you havent lost faith at all. But you just want to rebuy cheaper. And you also afraid that maybe sellers would stop selling and you wont be able to buy at the price you want...
G2M
sr. member
Activity: 280
Merit: 250
Activity: 616
April 28, 2015, 09:10:16 AM
Quote
The coin whose distribution is the closest to the "natural distribution" (above postulated to apply to Monero), has the most "surface" to counter manipulation attempts, the largest liquidity, smallest supply/demand shock price inelasticity, and lowest volatility.

Do the number of people included in the distribution, marketcap, or any type of trade volume come into play in this resilience?

Quote
- Being open about market manipulation, means that it is exposed, and is easier to spot and neutralize. The downside risk is that you get the idea that Monero is somehow worse than other coins, because the manipulation is admitted.

Yet the time in which one would normally 'waste' in trying to come to the conclusion that 'x' is somehow worse than other coins has been largely negated. I think it's one of the main reasons we've diverged into a thriving speculation thread rather than sitting in the main thread pretending we're all voodoo masters. I feel this type of action has also resulted in at least one other 100+ page thread focused on Monero, and other reasonably 'hot topics' here. In short, I feel that it's served greatly to prevent groupthinking and instead branch out in our discussions.

Quote
BCN marketcap will at some point be pushed to incredible heights at incredible volume (all faked, because no one at all owns it), and there always are suckers who join to any pump out of ignorance.
I've considered this to be incredibly likely to happen at some point, yet have always wondered where it would go from there. Straight down? Or would they let it sit there? If it sat there, would the volume be high or low? Likewise with the straight down path - would the volume be high or low.

If the volume were low going down, that would likely make many bagholders that would seek to re-capture their value at some point in the future, and possibly even create a community for them. Just my thought is all.

Quote
- The markets work such that the +EV short term action is towards reducing volatility. You can prove it for yourself by setting up a bot that aims to increase volatility and the other one decrease it. The latter one actually makes you money after fees, obviously the first one does not, as it is the counterparty of the latter.
This is an interesting statement, and I admit that I have limited understanding of +EV, but are you saying that you can tell that +EV is a result of measuring profit from volatility?

Quote
I don't really think that the possiblity for XMR to fail in as little as 32 months is 61%, it.. just.. is.. smaller than that based on the mechanism of market failure (there being nobody to buy the coins offered) compared to the ownerbase of XMR and their capabilities and willingness to buy as long as the technology is sound.
Well, consider the size of the userbase to be an always increasing number in the sense that if you have used or owned xmr in the past, then you are always an xmr user, regardless of ownership, due strictly to the idea that you could always back within some sort of statistical probability.

In that case, the userbase is some sort of logarithmic increasing function, and the minimum buyerbase is always 1 (2 below). As the user base increases, one user becomes and infinitesimally small part of the userbase, and as such the idea that failure in 32 months approaches the ownership of one or two users, not zero users, would yield a more likely scenario.

So, a large part of error in your calculation, IMO, is the summation of probabilites of failure in sub-1 users, and addition to the total chance for failure, where the effective value due to the probability to fail would approach an infinitely low number, and as a result likely affect your 61% failure number the most.

For example, taking the probability to fail to be 99.9% at one user could yield the probability to fail to be 99.99% at a half a user, and 99.999% at a quarter of a user, and 99.9999% at an eighth of a user. As an example only ofc.

Additionally, one single buyer in the buybase would have the ability to place infinite value on the currency (obviously volume would approach zero), so likely to counteract this, no less than two people will always be in the buybase, else there would be the potential for infinite profits with nobody capitalizing.

So my point is that in the chart you posted, the 27.2754% number is okay, but the 33.7398% number contains an unbounded variable that really should be bounded .. and I think that bounding it will yield a number between 0 and 33.7398%.

So, just some guesswork, but let's add above the 0 a .01, and the ev in that case to be .001, which would then introduce a new range of

Code:
0,1 27,2754% .03
,01 10% .001
0 23,7403% .00

And for the sake of bounding the variable, cut off a price of 0 and scale the remaining numbers by 1.3113 accordingly:

Code:
10000 .0842 6.42
1000 .988 7.54
100 5.203 3.97
10 14.554 1.11
1 30.292 0.23
.1 35,766 0.03
.01 13.113 0.001
Which would seem to indicate a more reasonable than before, IMO, chart of with a failure rate (80% loss) of 48.879%. But, is this line of thought erroneous?
hero member
Activity: 532
Merit: 500
April 28, 2015, 09:08:54 AM
losing my faith in monero Undecided
how low do you guys think we will go?

Yes its dead, you should sell as fast as you can, theres nothing for people like you to gain here anyway.

Oh wait you already sold?

Time to sell all xmr? ;'(((((

Yes i would say so Undecided
Today i have sold my last xmr.
Sorry guys, but i think we are still in a downtrend

So if you have no XMR, and you have no faith, wtf are you even talking about? I guess you would even sell your own mother to be able to buy back cheaper?


But let´s see, if i read your other posts

BITCOIN IS DEAD RIP BITCOIN




like this for example.

and compare them to another dumbnut in here called mrkavasaki

genau so ist es, bitcoin ist und war nur ein einziger pump&dump
wir werden noch preise unter $10 sehen. wer ernsthaht noch glaubt, bitcoin hätte zukunft , der irrt gewaltig


Who also talks bearish shit the whole time and also writes in the same topics as you, also speaks german, also uses a Monero avatar for whatever reason...
I do get the feeling you are either somehow affiliated to him (a la fightclub) or both of you smoke the same crack.
sr. member
Activity: 448
Merit: 255
April 28, 2015, 08:51:34 AM
losing my faith in monero Undecided
how low do you guys think we will go?
sr. member
Activity: 434
Merit: 250
April 28, 2015, 08:10:11 AM
You bears keep on playing. Until one day you'll shed bitter tears looking at your broken toy.

There is nothing wrong with being bear. They can make money in short term. If XMR rises in the future, they can turn to another coin.
sr. member
Activity: 400
Merit: 263
April 28, 2015, 07:40:29 AM
You bears keep on playing. Until one day you'll shed bitter tears looking at your broken toy.
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