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Topic: [XMR] Monero Speculation - page 1961. (Read 3313084 times)

Anon136
legendary
Activity: 1722
Merit: 1217
Re: [XMR] Monero Speculation
April 09, 2015, 01:15:05 AM
#4624
Quote from: equipoise on April 09, 2015, 01:03:12 AM
Quote from: GingerAle on April 08, 2015, 06:02:10 PM

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).


You guys are reading my mind. Last few days I thought a lot of such a service for those who don't have trading bots. Based on my observations of my trading bot, each new bot competing with the other bots on Poloniex in order to buy have a big impact on the buy pressure. This is a great service - just don't make your bot better and faster then mine Smiley

What do you use?
equipoise
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
Re: [XMR] Monero Speculation
April 09, 2015, 01:03:12 AM
#4623
Quote from: GingerAle on April 08, 2015, 06:02:10 PM

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).


You guys are reading my mind. Last few days I thought a lot of such a service for those who don't have trading bots. Based on my observations of my trading bot, each new bot competing with the other bots on Poloniex in order to buy have a big impact on the buy pressure. This is a great service - just don't make your bot better and faster then mine Smiley
mmortal03
legendary
Activity: 1762
Merit: 1011
Re: [XMR] Monero Speculation
April 08, 2015, 11:20:34 PM
#4622
Quote from: GingerAle on April 08, 2015, 06:02:10 PM
(so 1 XMR lets you buy 100 XMR on the exchange).

If it really works that way, sign me up! Wink

Edit: I know what you meant, but the way it's worded isn't clear.
Anon136
legendary
Activity: 1722
Merit: 1217
Re: [XMR] Monero Speculation
April 08, 2015, 09:33:59 PM
#4621
holy cow. look at that market depth Shocked Shocked Shocked
dEBRUYNE
legendary
Activity: 2268
Merit: 1141
Re: [XMR] Monero Speculation
April 08, 2015, 06:19:23 PM
#4620
Quote from: onemorexmr on April 08, 2015, 06:10:29 PM
Quote from: dEBRUYNE on April 08, 2015, 06:07:04 PM

An army of bots will paint the chart green!

On a more serious note, this looks like a great service for people that don't have enough time on their hands to check the price the whole day and/or get frustrated by setting their bids that eventually won't get hit (and thus having to set them again). How this will influence the market? Since the buying is more gradual it could reduce the volatility, which in general is a good thing. On the opposite, it could take away some liquidity from the bid side. So in conclusion, I am not really clear in what way this could effect the market, but atleast it's a good feature for the people that want to invest/buy for the long term.


i certainly hope it will help building up the bid side a little (it also places a buy-order for you below last price - only if this is not executed it will buy on your specified interval).

it is inspired by usd-cost-averaging - which made some good returns in the early btc-days.

i will continue to develop it; if you have suggestions just tell us!

I read it a bit wrong, I thought it was always marketbuying the top asks. Anyway, now that the purpose of the bot is more clear, I think it's a good thing for the market. Let's see how this plays out.

PS: Cost-averaging is certainly a good strategy with such volatile assets like Monero. Market timing in "normal" markets is already hard, imagine trying it with Monero.
onemorexmr
sr. member
Activity: 252
Merit: 251
Re: [XMR] Monero Speculation
April 08, 2015, 06:10:29 PM
#4619
Quote from: dEBRUYNE on April 08, 2015, 06:07:04 PM

An army of bots will paint the chart green!

On a more serious note, this looks like a great service for people that don't have enough time on their hands to check the price the whole day and/or get frustrated by setting their bids that eventually won't get hit (and thus having to set them again). How this will influence the market? Since the buying is more gradual it could reduce the volatility, which in general is a good thing. On the opposite, it could take away some liquidity from the bid side. So in conclusion, I am not really clear in what way this could effect the market, but atleast it's a good feature for the people that want to invest/buy for the long term.


i certainly hope it will help building up the bid side a little (it also places a buy-order for you below last price - only if this is not executed it will buy on your specified interval).

it is inspired by usd-cost-averaging - which made some good returns in the early btc-days.

i will continue to develop it; if you have suggestions just tell us!
dEBRUYNE
legendary
Activity: 2268
Merit: 1141
Re: [XMR] Monero Speculation
April 08, 2015, 06:07:04 PM
#4618
Quote from: GingerAle on April 08, 2015, 06:02:10 PM
Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

(yes, its still buying with bitcoin)


With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

We made BuyMonero.net for a couple of reasons. My primary motivation was so that I wouldn't have to always login to poloniex and follow the markets to try and get a good deal on monero. The second motivation was to allow accumulators a way to buy a lot of Monero with minimal effort.

If you're interested, please checkout the website. The following forum threads are also available for general discussion and tech support.

https://forum.getmonero.org/2/economics-and-trading/258/buymonero-net-btc-cost-averaging

https://bitcointalksearch.org/topic/xmr-buymoneronet-btc-cost-averaging-1017131


As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

An army of bots will paint the chart green!

On a more serious note, this looks like a great service for people that don't have enough time on their hands to check the price the whole day and/or get frustrated by setting their bids that eventually won't get hit (and thus having to set them again). How this will influence the market? Since the buying is more gradual it could reduce the volatility, which in general is a good thing. On the opposite, it could take away some liquidity from the bid side. So in conclusion, I am not really clear in what way this could effect the market, but atleast it's a good feature for the people that want to invest/buy for the long term.
GingerAle
legendary
Activity: 1260
Merit: 1008
Re: [XMR] Monero Speculation
April 08, 2015, 06:02:10 PM
#4617
Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

(yes, its still buying with bitcoin)


With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

We made BuyMonero.net for a couple of reasons. My primary motivation was so that I wouldn't have to always login to poloniex and follow the markets to try and get a good deal on monero. The second motivation was to allow accumulators a way to buy a lot of Monero with minimal effort.

If you're interested, please checkout the website. The following forum threads are also available for general discussion and tech support.

https://forum.getmonero.org/2/economics-and-trading/258/buymonero-net-btc-cost-averaging

https://bitcointalksearch.org/topic/xmr-buymoneronet-btc-cost-averaging-1017131


As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?
medusa13
sr. member
Activity: 453
Merit: 500
hello world
Re: [XMR] Monero Speculation
April 08, 2015, 09:12:03 AM
#4616
possible we continue like this for 2-3 days, but then time is up and we have to move.
i dont think the market will wait that long until it decides what way to go, but lets see.
my guess is we go up  Grin
binaryFate
legendary
Activity: 1512
Merit: 1012
Still wild and free
Re: [XMR] Monero Speculation
April 08, 2015, 08:16:07 AM
#4615
Given the history of Monero price, I take any move sideway as positive Smiley
cAPSLOCK
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Re: [XMR] Monero Speculation
April 08, 2015, 08:09:24 AM
#4614
Quote from: GTO911 on April 08, 2015, 07:14:47 AM
Nobody ready to buy higher, nobody ready to sell lower. Deadlock Cheesy

Good.  I would not mind seeing it hang out here for a while and build a nice concrete base.
GTO911
hero member
Activity: 672
Merit: 500
Re: [XMR] Monero Speculation
April 08, 2015, 07:14:47 AM
#4613
Nobody ready to buy higher, nobody ready to sell lower. Deadlock Cheesy
ImissATARI
newbie
Activity: 10
Merit: 0
Re: [XMR] Monero Speculation
April 07, 2015, 09:46:05 PM
#4612
Quote from: Anon136 on April 06, 2015, 11:22:35 AM
Quote from: vokain on April 06, 2015, 11:13:28 AM
Quote from: Hueristic on April 06, 2015, 10:54:49 AM
Quote from: vokain on April 06, 2015, 03:24:38 AM
....

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread Smiley
ENTP here.

The visionary! I'm an INTP myself Smiley though I think the previous time I took it I was INFP, but before that INTP again too.

We all have such importance in our lives Smiley

I thought everyone on this forum was INTJ but i guess there are a few fellow INTP's Smiley

ENTP/INTP here
cAPSLOCK
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Re: [XMR] Monero Speculation
April 07, 2015, 08:02:36 PM
#4611
Quote from: smooth on April 07, 2015, 08:00:03 PM
Quote from: cAPSLOCK on April 07, 2015, 07:58:05 PM
Quote from: smooth on April 07, 2015, 07:55:35 PM

You can't do that with BTC -> ShapeShift XMR -> XMR.to unless one of those services were taking a 3.78 BTC fee (not recommended to use such as service). You would need to use your own wallet in between.

Also, I'm not sure what sort of mix factors and such being used by shapeshift, so the normal caveats about Monero being optionally anonymous (and not fully mature) apply. Again putting your own wallet in the middle and being careful with timing could give a better result.


If only there was an untraceable, unlinkable private currency which you could keep that wallet in. Wink

Edited above


It's a little scary this precipice we're now sitting on.  Eventually baby birds have little choice but to risk great pain...  I am sure they never feel quite ready. 
smooth
legendary
Activity: 2968
Merit: 1198
Re: [XMR] Monero Speculation
April 07, 2015, 08:00:03 PM
#4610
Quote from: cAPSLOCK on April 07, 2015, 07:58:05 PM
Quote from: smooth on April 07, 2015, 07:55:35 PM

You can't do that with BTC -> ShapeShift XMR -> XMR.to unless one of those services were taking a 3.78 BTC fee (not recommended to use such as service). You would need to use your own wallet in between.

Also, I'm not sure what sort of mix factors and such being used by shapeshift, so the normal caveats about Monero being optionally anonymous (and not fully mature) apply. Again putting your own wallet in the middle and being careful with timing could give a better result.


If only there was an untraceable, unlinkable private currency which you could keep that wallet in. Wink

Edited above
cAPSLOCK
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Re: [XMR] Monero Speculation
April 07, 2015, 07:58:05 PM
#4609
Quote from: smooth on April 07, 2015, 07:55:35 PM

You can't do that with BTC -> ShapeShift XMR -> XMR.to unless one of those services were taking a 3.78 BTC fee (not recommended to use such as service). You would need to use your own wallet in between.

Also, I'm not sure what sort of mix factors and such being used by shapeshift, so the normal caveats about Monero being optionally anonymous (and not fully mature) apply. Again putting your own wallet in the middle and being careful with timing could give a better result.


If only there was an untraceable, unlinkable private currency which you could keep that wallet in. Wink
smooth
legendary
Activity: 2968
Merit: 1198
Re: [XMR] Monero Speculation
April 07, 2015, 07:57:48 PM
#4608
Quote from: cAPSLOCK on April 07, 2015, 07:56:13 PM
Quote from: smooth on April 07, 2015, 07:49:50 PM
Quote from: BitcoinIsLiberty on April 07, 2015, 07:47:42 PM
Quote from: smooth on April 07, 2015, 06:34:38 PM
Quote from: EvanMon on April 07, 2015, 06:25:36 PM
332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.

Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.

Shapeshift announcement:

https://twitter.com/ShapeShift_io/status/585570515139563521

Pull request to merge database into master:

https://github.com/monero-project/bitmonero/pull/256

Interesting. So BTC -> ShapeShift XMR -> XMR.to = completely anonymous payments using BTC?



Timing-wise there are potential issues with that

1.123 BTC -> XMR -> 1.122 BTC over a short period of time might be fairly obvious. Of course it depends not the amounts and the level of activity on BTC at the time. If BTC has 1000 tx/sec that would be a lot more obscure than currently



Which is why, if you want to use this mechanic rather than just hold lots of XMR you'd want to hold a small buffer amount in XMR.

Then:

1.123 BTC -> XMR -> 1.355 BTC
.95 BTC -> XMR -> 1.11 BTC
2.11 BTC -> XMR -> 1.898 BTC

and so on...

See my previous reply. My understanding of the original suggestion was to send BTC to shapeshift, have shapeshift send XMR to XMR.to and then XMR.to sends BTC to where you want it. That's not likely to give a high degree of privacy at this point.
cAPSLOCK
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Re: [XMR] Monero Speculation
April 07, 2015, 07:56:13 PM
#4607
Quote from: smooth on April 07, 2015, 07:49:50 PM
Quote from: BitcoinIsLiberty on April 07, 2015, 07:47:42 PM
Quote from: smooth on April 07, 2015, 06:34:38 PM
Quote from: EvanMon on April 07, 2015, 06:25:36 PM
332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.

Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.

Shapeshift announcement:

https://twitter.com/ShapeShift_io/status/585570515139563521

Pull request to merge database into master:

https://github.com/monero-project/bitmonero/pull/256

Interesting. So BTC -> ShapeShift XMR -> XMR.to = completely anonymous payments using BTC?



Timing-wise there are potential issues with that

1.123 BTC -> XMR -> 1.122 BTC over a short period of time might be fairly obvious. Of course it depends not the amounts and the level of activity on BTC at the time. If BTC has 1000 tx/sec that would be a lot more obscure than currently



Which is why, if you want to use this mechanic rather than just hold lots of XMR you'd want to hold a small buffer amount in XMR.

Then:

1.123 BTC -> XMR -> 1.355 BTC
.95 BTC -> XMR -> 1.11 BTC
2.11 BTC -> XMR -> 1.898 BTC

and so on...

smooth
legendary
Activity: 2968
Merit: 1198
Re: [XMR] Monero Speculation
April 07, 2015, 07:55:35 PM
#4606
Quote from: GingerAle on April 07, 2015, 07:52:38 PM
Quote from: smooth on April 07, 2015, 07:49:50 PM
Quote from: BitcoinIsLiberty on April 07, 2015, 07:47:42 PM
Quote from: smooth on April 07, 2015, 06:34:38 PM
Quote from: EvanMon on April 07, 2015, 06:25:36 PM
332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.

Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.

Shapeshift announcement:

https://twitter.com/ShapeShift_io/status/585570515139563521

Pull request to merge database into master:

https://github.com/monero-project/bitmonero/pull/256

Interesting. So BTC -> ShapeShift XMR -> XMR.to = completely anonymous payments using BTC?

Timing-wise there are potential issues with that

1.123 BTC -> XMR -> 1.122 BTC over a short period of time might be fairly obvious. Of course it depends not the amounts and the level of activity on BTC at the time. If BTC has 1000 tx/sec that would be a lot more obscure than currently



So clearly the solution is to go 5 BTC -> XMR -> 1.22 BTC.

( XMR go.... to... alpha... centauri....)

You can't do that with BTC -> ShapeShift XMR -> XMR.to unless one of those services were taking a 3.78 BTC fee (not recommended to use such as service). You would need to use your own Monero wallet in between.

Also, I'm not sure what sort of mix factors and such being used by shapeshift, so the normal caveats about Monero being optionally anonymous (and not fully mature) apply. Again putting your own Monero wallet in the middle and being careful with timing could give a better result.
BitcoinIsLiberty
newbie
Activity: 55
Merit: 0
Re: [XMR] Monero Speculation
April 07, 2015, 07:55:11 PM
#4605
Quote from: smooth on April 07, 2015, 07:49:50 PM
Quote from: BitcoinIsLiberty on April 07, 2015, 07:47:42 PM
Quote from: smooth on April 07, 2015, 06:34:38 PM
Quote from: EvanMon on April 07, 2015, 06:25:36 PM
332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.

Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.

Shapeshift announcement:

https://twitter.com/ShapeShift_io/status/585570515139563521

Pull request to merge database into master:

https://github.com/monero-project/bitmonero/pull/256

Interesting. So BTC -> ShapeShift XMR -> XMR.to = completely anonymous payments using BTC?

Timing-wise there are potential issues with that

1.123 BTC -> XMR -> 1.122 BTC over a short period of time might be fairly obvious. Of course it depends not the amounts and the level of activity on BTC at the time. If BTC has 1000 tx/sec that would be a lot more obscure than currently



Hmmm, so close to being able to do BTC to BTC payments with XMR in the middle. So the easiest for mainstream users would be to use the xmr web wallet and fund it with extra then use xmr.to?

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