[XMR] Monero Speculation - page 2003.

Anon136

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Quote from: Johnny Mnemonic on March 21, 2015, 06:46:50 PM

This may just be the typical weekend pump in anticipation of Monday's news.

Since dark and monero are rising in tandem, it suggest the possibility that this rally may be a reaction to bitcoin fungibility concerns resulting from btc-e blocking evolution stolen bitcoins.

binaryFate

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Still wild and free

Quote from: Johnny Mnemonic on March 21, 2015, 06:46:50 PM

This may just be the typical weekend pump in anticipation of Monday's news.

Which might bring in a news we have been waiting for +6 months

Johnny Mnemonic

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This may just be the typical weekend pump in anticipation of Monday's news.

iCEBREAKER

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Crypto is the separation of Power and State.

Wow, looks like XMR is either being pumped, or starting to test its Saturn V moon rocket boosters.

Huge 68BTC attack wall just under the ask is daring dumpers to give up their coins while it mocks the low asks for selling for too little.

Total bids have jumped ~100BTC to ~420, while asks are down to ~180k XMR.

Now <40BTC needed to get us to 0.003, way down from the ~100BTC in ask walls prevalent over the last few days.

The cheap(est) coins are long gone. Who are these fools selling for less than 0.003, or under 0.005 for that matter? There is a bit of resistance at 0.0032, but little beyond that to stop the price from running wildly to the upside.

I think HRHRP wasn't kidding about the price now going up. His whale buddies need a deep ocean of liquidity in which to frolic, and he's apparently building one.

Every time I consider taking some profit and trying to squeeze out a few more XMR, I'm glad I didn't, because buying the coins back cheaper is difficult or impossible.

binaryFate

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Still wild and free

There's only 40btc left to pass 0.003.
The recent exposure of today on reddit/twitter might be the trigger for the next move upward!

illodin

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Quote from: Its About Sharing on March 21, 2015, 02:39:32 PM

I was going through this thread comparing XMR to Dark that was given to me here https://bitcointalksearch.org/topic/m.10825310 and remember seeing that instamine mentioned. I can't believe that is not talked about more.

It's probably the most talked about topic on the whole bitcointalk's altcoin section.

Its About Sharing

legendary

Activity: 1442

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Antifragile

Any of you give much thought to the BTC fungability issue gaining traction (due to the Evolution theft?) Might be why Dash shot up today, maybe we follow shortly...
http://www.reddit.com/r/Bitcoin/comments/2ztvbb/bitcoin_fungability_problem_and_exchanges/

Looks like things are going to heat up here...
I really didn't expect to see this happen so soon (fungability issue). I get it, BTCe says they have some stolen coins (they think) and are freezing withdrawals. It just happened, so maybe time is a part of the reason, but this does open up the fungability in general issue. Pretty much when BTC started it's big drop a few days ago.

IAS

Joshuar

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eidoo wallet

Quote from: smooth on March 20, 2015, 10:08:39 PM

Quote from: GingerAle on March 20, 2015, 10:04:23 PM

Quote from: Joshuar on March 20, 2015, 10:02:41 PM

There used be an address that owned 600k drk's around in June, and would send a few dark's here and there to users in the darkcoin thread who made positive comments and had a drk address in their sig. I suspect it was one of the addresses that got in on the instamine.

WTF is wrong with these people? If you can know that there's an address with 600k drk's in it, how is this private?

/rant

Even non-anon fastmined/instamined (or just all hoarded up by whales) alts are smart enough to break up their rich lists into a bunch of different addresses to make things look legit.

Maybe that's why there "used to be" such an address though.

This is one of the addresses, 3.2 million total inbound in 51 transactions and then outbound in just 14 transactions: XosXcEm3Y6Mv6tmBKd1rUWhqB9Pf1hABj7

https://chainz.cryptoid.info/drk/address.dws?188207.htm

GingerAle

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Quote from: nioc on March 21, 2015, 02:58:53 PM

Quote from: dEBRUYNE on March 21, 2015, 01:55:16 PM

Quote from: GingerAle on March 21, 2015, 01:46:28 PM

Quote from: iCEBREAKER on March 21, 2015, 01:40:10 PM

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

when the hell is that happening? be great to know that kind of information before it hits.

I guess no one will never precisely know when this will happen, but the host during the dogedradio interview said they were working on integrating it.

Yes they've been working on intergrating it for months now Grin

i'm betting the database build will help.

nioc

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Quote from: dEBRUYNE on March 21, 2015, 01:55:16 PM

Quote from: GingerAle on March 21, 2015, 01:46:28 PM

Quote from: iCEBREAKER on March 21, 2015, 01:40:10 PM

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

when the hell is that happening? be great to know that kind of information before it hits.

I guess no one will never precisely know when this will happen, but the host during the dogedradio interview said they were working on integrating it.

Yes they've been working on intergrating it for months now Grin

TrueCryptonaire

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Quote from: Its About Sharing on March 21, 2015, 02:39:32 PM

Quote from: GingerAle on March 21, 2015, 01:13:29 PM

Quote from: TrueCryptonaire on March 21, 2015, 12:07:13 PM

Quote from: iCEBREAKER on March 21, 2015, 11:56:57 AM

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

What is happening, sir?

XMR/BTC is steady-ish at ~250% over the monthly low. Buy interest is massive-ish at ~350 BTC. Supply is low-ish at ~200k XMR.

The drooling masses (IE redditurds) are beginning to realize the necessity of privacy and fungibility.

Peter Todd is ready to ride the Monero Mustang, and when he tweets people listen.

In the process of an acrimonious rebrand, the largest privacy-oriented coin revealed itself to be a top-down corporatist operation controlled by This One Dude.

The DB is Imminent^TM.
(snip)

Thank you encouragement, mate.
I guess I am depressed when I see what is happening on the other side of the fence. Should focus more on the trend we are having and not to compare coins too much.
After all, when one studies Monero's 1 mo. chart, it looks nice.

I have no idea who is Peter Todd, but at least he has a decent number of followers on Twitter.

IMO, worrying about what DRK is doing is a waste of time. Primarily because the market activity can't be trusted due to the instamine. Go to poloniex, put the chart on 1 month, and set the candles to 1 day. XMRs lowest daily activity in the last month is 45 BTC. DRKs is 2.6. I could go through and grab all those numbers and do an average or find the median, but the point is XMR's market activity (to me) indicates many actors. DRK's activity, on the other hand, indicates few actors.

Besides, and it has been mentioned before, these markets are too easily moved. Next time you buy, instead of putting into a buy wall and trying to get a deal, just eat away at the available sell orders.

I was going through this thread comparing XMR to Dark that was given to me here https://bitcointalksearch.org/topic/m.10825310 and remember seeing that instamine mentioned. I can't believe that is not talked about more. I'm glad your brought up the drastic volume differences with DRK. To me this is a more worrisome problem than almost anything else (if true).

Somethings got to give...

IAS

Yes, but I am a bit afraid we are pretty much the only people in the world who are concerned on instamines.
The people on the streets, if they are not going to accept crypto in masses, may not care such issues...? From their perspective all coins are on the same level (a coin that is instamined 50 % or a coin that are non-instamined but slowly mined 50 %).

The good thing about those type of coins is they are relatively easy to pump since the community is not that large. Therefore my concern is will Monero have ever the power to pump it big time? Do we have enough people who are not involved in buying the coins?

Believe me, I am kicking myself also as I did not buy any DRK when it dropped to 0.01... Now I could be selling it for 70-80 % profit and pour those money to XMR and XMR could have got more rise than this pathetic rise we are having now (I know I am spoiled - lol). Grin

mmortal03

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Quote from: vokain on March 21, 2015, 01:21:04 PM

Quote from: mmortal03 on March 21, 2015, 01:10:34 PM

The XMR-TetherUSD had a very small amount of volume today on Poloniex. The Buy-Ask spread is still quite large, though: https://www.poloniex.com/exchange#usdt_xmr

As far as I know, the only place currently available that has USD-Tethers is on BFX, as a withdraw option (but they also have the capability to allow fiat deposits on there). Tether access is still beta-only so it has yet to proliferate too far.

You can also actually acquire TetherUSD at Expresscoin.com, but it's by snail mail (check or money order). Sad

I also can't deposit USD directly at Bitfinex, as my bank in the US doesn't do SWIFT. The context for all of this is that I've been waiting for a way to buy XMR directly for USD, or an equivalent. Going through BTC first makes my tax calculations more tedious than I'd like.

Its About Sharing

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Antifragile

Quote from: GingerAle on March 21, 2015, 01:13:29 PM

Quote from: TrueCryptonaire on March 21, 2015, 12:07:13 PM

Quote from: iCEBREAKER on March 21, 2015, 11:56:57 AM

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

What is happening, sir?

XMR/BTC is steady-ish at ~250% over the monthly low. Buy interest is massive-ish at ~350 BTC. Supply is low-ish at ~200k XMR.

The drooling masses (IE redditurds) are beginning to realize the necessity of privacy and fungibility.

Peter Todd is ready to ride the Monero Mustang, and when he tweets people listen.

In the process of an acrimonious rebrand, the largest privacy-oriented coin revealed itself to be a top-down corporatist operation controlled by This One Dude.

The DB is Imminent^TM.
(snip)

Thank you encouragement, mate.
I guess I am depressed when I see what is happening on the other side of the fence. Should focus more on the trend we are having and not to compare coins too much.
After all, when one studies Monero's 1 mo. chart, it looks nice.

I have no idea who is Peter Todd, but at least he has a decent number of followers on Twitter.

IMO, worrying about what DRK is doing is a waste of time. Primarily because the market activity can't be trusted due to the instamine. Go to poloniex, put the chart on 1 month, and set the candles to 1 day. XMRs lowest daily activity in the last month is 45 BTC. DRKs is 2.6. I could go through and grab all those numbers and do an average or find the median, but the point is XMR's market activity (to me) indicates many actors. DRK's activity, on the other hand, indicates few actors.

Besides, and it has been mentioned before, these markets are too easily moved. Next time you buy, instead of putting into a buy wall and trying to get a deal, just eat away at the available sell orders.

I was going through this thread comparing XMR to Dark that was given to me here https://bitcointalksearch.org/topic/m.10825310 and remember seeing that instamine mentioned. I can't believe that is not talked about more. I'm glad your brought up the drastic volume differences with DRK. To me this is a more worrisome problem than almost anything else (if true).

Somethings got to give...

IAS

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

Quote from: hodlmybtc on March 21, 2015, 01:48:06 PM

when you know that this shit is going up because certain people just won't let the price go below a certain point, it's kind of free money.

Those certain people are throwing their pennies in front of the bulldozer, with the intent of using our greed to trick us into attempting to pick them up before we get flattened.

There is no 'free money.' It's a trap! Wink

dEBRUYNE

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Activity: 2268

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Quote from: GingerAle on March 21, 2015, 01:46:28 PM

Quote from: iCEBREAKER on March 21, 2015, 01:40:10 PM

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

when the hell is that happening? be great to know that kind of information before it hits.

I guess no one will never precisely know when this will happen, but the host during the dogedradio interview said they were working on integrating it.

hodlmybtc

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Activity: 700

Merit: 500

Quote from: iCEBREAKER on March 21, 2015, 01:40:10 PM

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

Yes I know and I agree on all points, thing is when you know that this shit is going up because certain people just won't let the price go below a certain point, it's kind of free money.

GingerAle

legendary

Activity: 1260

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Quote from: iCEBREAKER on March 21, 2015, 01:40:10 PM

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

when the hell is that happening? be great to know that kind of information before it hits.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: hodlmybtc on March 21, 2015, 01:20:29 PM

You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

Don't kick yourself. Congratulate yourself for avoiding a Ponzi scheme that could implode at any moment for any number of reasons (legal, social, technical, bus-related).

It's not worth risking BTC that could be used to hlod moar XMR on gambling with shitcoins. Don't try to pick up pennies in front of bulldozers.

XMR is supported by smart money and hot money; DARSH is pumped by scam money and dumb money.

DARSH also benefits from being older and trading on more exchanges (plus having an Official GUI).

This advantage will erode in the future, as USD-enabled CrapSea (where ~50% of DARSH trades) is rumored to be adding XMR Soon(tm). Cool

GingerAle

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Activity: 1260

Merit: 1008

Quote from: saddambitcoin on March 21, 2015, 01:25:08 PM

Quote from: GingerAle on March 21, 2015, 01:13:29 PM

Go to poloniex, put the chart on 1 month, and set the candles to 1 day. XMRs lowest daily activity in the last month is 45 BTC. DRKs is 2.6. I could go through and grab all those numbers and do an average or find the median, but the point is XMR's market activity (to me) indicates many actors. DRK's activity, on the other hand, indicates few actors.

Besides, and it has been mentioned before, these markets are too easily moved. Next time you buy, instead of putting into a buy wall and trying to get a deal, just eat away at the available sell orders.

I agree worrying about DRK is not relevant. But the reason for this: Cryptsy is the leading DRK exchange, Polo is the leading XMR exchange.

Bitcoinwisdom shows 30 day volume for DRK @ Cryptsy: 8,747

30 day volume for XMR @ Poloniex: 5,245

right. yeop, im a genius. thats what manic 2 minute analyses will get yah.

saddambitcoin

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Activity: 1610

Merit: 1004

Quote from: GingerAle on March 21, 2015, 01:13:29 PM

Go to poloniex, put the chart on 1 month, and set the candles to 1 day. XMRs lowest daily activity in the last month is 45 BTC. DRKs is 2.6. I could go through and grab all those numbers and do an average or find the median, but the point is XMR's market activity (to me) indicates many actors. DRK's activity, on the other hand, indicates few actors.

Besides, and it has been mentioned before, these markets are too easily moved. Next time you buy, instead of putting into a buy wall and trying to get a deal, just eat away at the available sell orders.

I agree worrying about DRK is not relevant. But the reason for this: Cryptsy is the leading DRK exchange, Polo is the leading XMR exchange.

Bitcoinwisdom shows 30 day volume for DRK @ Cryptsy: 8,747

30 day volume for XMR @ Poloniex: 5,245

Topic: [XMR] Monero Speculation - page 2003. (Read 3313076 times)