[XMR] Monero Speculation - page 2027.

jehst

hero member

Activity: 798

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21 million. I want them all.

Quote from: ArticMine on March 09, 2015, 11:39:38 PM

Quote from: jehst on March 09, 2015, 11:08:07 PM

One thing to keep an eye on is bitcoin's bull market.

Altcoins tend to suffer in the beginning of bitcoin's bull runs. You can see Litecoin (https://bitcoinwisdom.com/markets/btce/ltcbtc) , Peercoin (https://bitcoinwisdom.com/markets/btce/ppcbtc), and (Namecoin (https://bitcoinwisdom.com/markets/btce/nmcbtc) all crashing hard in October 2013. Litecoin also suffered in May 2014 as bitcoin began its bull run to 680. XMR/DRK did well at that time, but only because anonymous coins were new and hot. Other alts suffered.

So if bitcoin breaks 300 with strength today or in the next few days, then we should prepare for some pain.

Yes. This is very true; however the whole DRK mess can change things. My take is that DRK/XBT will be have a bigger impact on XMR/XBT than XBT/USD.

Is there really a DRK mess? DRK's retracement looks normal. It's had a big run. I don't think its decline will be notable unless it retraces 100% to .006x or below.

Of course, if DRK goes into terminal decline and XMR were to absorb DRK's 100k USD daily trade volume, then XMR would have the next highest liquidity after LTC. XMR's emission as a percentage of daily trade volume would become very small.

I doubt that the rise today was actually caused by darkcoiners abandoning ship for XMR, but if XMR becomes more visible during DRK's decline, then that can become the narrative. And once it's the narrative, it will become reality.

ArticMine

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Activity: 2282

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Monero Core Team

Quote from: jehst on March 09, 2015, 11:08:07 PM

One thing to keep an eye on is bitcoin's bull market.

Altcoins tend to suffer in the beginning of bitcoin's bull runs. You can see Litecoin (https://bitcoinwisdom.com/markets/btce/ltcbtc) , Peercoin (https://bitcoinwisdom.com/markets/btce/ppcbtc), and (Namecoin (https://bitcoinwisdom.com/markets/btce/nmcbtc) all crashing hard in October 2013. Litecoin also suffered in May 2014 as bitcoin began its bull run to 680. XMR/DRK did well at that time, but only because anonymous coins were new and hot. Other alts suffered.

So if bitcoin breaks 300 with strength today or in the next few days, then we should prepare for some pain.

Yes. This is very true; however the whole DRK mess can change things. My take is that DRK/XBT will be have a bigger impact on XMR/XBT than XBT/USD.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

One thing to keep an eye on is bitcoin's bull market.

Altcoins tend to suffer in the beginning of bitcoin's bull runs. You can see Litecoin (https://bitcoinwisdom.com/markets/btce/ltcbtc) , Peercoin (https://bitcoinwisdom.com/markets/btce/ppcbtc), and (Namecoin (https://bitcoinwisdom.com/markets/btce/nmcbtc) all crashing hard in October 2013. Litecoin also suffered in May 2014 as bitcoin began its bull run to 680. XMR/DRK did well at that time, but only because anonymous coins were new and hot. Other alts suffered.

So if bitcoin breaks 300 with strength today or in the next few days, then we should prepare for some pain.

opennux

full member

Activity: 231

Merit: 100

Quote from: hodlmybtc on March 09, 2015, 09:21:57 PM

Quote from: Anon136 on March 09, 2015, 09:11:28 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

they clearly got into dark because they were looking for a particular product. if dark doesnt deliver on that promise they will probably come knocking on our door. monero will end up consuming darks capitalization. if dark commits seppuku we all in this thread likely stand to benefit very very greatly from that.

........., also would it mean the majority of coins would end up in the hands of masternodes and a few whales.

I argue that this is already the scenario. But of course, do your own research.

Joshuar

hero member

Activity: 504

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eidoo wallet

Quote from: ?? on ??

Quote from: lyth0s on March 09, 2015, 09:39:33 PM

Monero offers real anonymity without the risk of centralized masternodes. And don't forget http://xmr.to , VERY useful for making bitcoin anonymous through the use of Monero.

+1

New missive is out and there is an interview with xmr.to devs: https://getmonero.org/2015/03/09/monero-missive-for-the-week-of-2015-03-09.html

Sweet. I enjoy these missives quite a bit.

lyth0s

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World Class Cryptonaire

Quote from: illodin on March 09, 2015, 08:39:02 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

If they don't like "DASH" what makes you think they'd be crazy over "Monero"?

Monero offers real anonymity without the risk of centralized masternodes. And don't forget http://xmr.to , VERY useful for making bitcoin anonymous through the use of Monero.

lyth0s

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Activity: 1260

Merit: 1000

World Class Cryptonaire

Quote from: dreamspark on March 09, 2015, 08:38:38 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

You'd hope but atm there is hardly any liquidity for them to sell and get out, unfortunately this may end up being a coin that creates some serious bagholders, I hope it doesn't, nobody really deserves to lose his shirt.

Once I learned about masternodes, how they worked and saw everyone host them on amazon cloud....I quit Dark. Dark/Dash will end up becoming the honeypot traps of the cryptoworld.

Anon136

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Activity: 1722

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Quote from: hodlmybtc on March 09, 2015, 09:21:57 PM

Quote from: Anon136 on March 09, 2015, 09:11:28 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

they clearly got into dark because they were looking for a particular product. if dark doesnt deliver on that promise they will probably come knocking on our door. monero will end up consuming darks capitalization. if dark commits seppuku we all in this thread likely stand to benefit very very greatly from that.

I have a feeling it will work out as you say.

By now maybe 5? percent of DRK holders will have heard this news so I guess there will be a lot more dumping the coming week.

Whales might try keep the price up at their own demise but not only would that be pretty stupid, also would it mean the majority of coins would end up in the hands of masternodes and a few whales.

If the whales were to do that than they would be helping everyone who was rushing to the exits to leave without losing as much capital. If those people who were running to the exit did ultimately find their way here, it would be as if the whales had dumped their own capital into monero as well. That would be quite funny.

hodlmybtc

hero member

Activity: 700

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Quote from: Anon136 on March 09, 2015, 09:11:28 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

they clearly got into dark because they were looking for a particular product. if dark doesnt deliver on that promise they will probably come knocking on our door. monero will end up consuming darks capitalization. if dark commits seppuku we all in this thread likely stand to benefit very very greatly from that.

I have a feeling it will work out as you say.

By now maybe 5? percent of DRK holders will have heard this news so I guess there will be a lot more dumping the coming week.

Whales might try keep the price up at their own demise but not only would that be pretty stupid, also would it mean the majority of coins would end up in the hands of masternodes and a few whales.

dnaleor

legendary

Activity: 1470

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Want privacy? Use Monero!

Anon136

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Activity: 1722

Merit: 1217

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

they clearly got into dark because they were looking for a particular product. if dark doesnt deliver on that promise they will probably come knocking on our door. monero will end up consuming darks capitalization. if dark commits seppuku we all in this thread likely stand to benefit very very greatly from that.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: dreamspark on March 09, 2015, 08:38:38 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

You'd hope but atm there is hardly any liquidity for them to sell and get out, unfortunately this may end up being a coin that creates some serious bagholders, I hope it doesn't, nobody really deserves to lose his shirt.

This coin went up what 1000 percent? It's so overvalued for what it is anyone holding a bag of it deserves what they get.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

Only the smart ones will. thank God.

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: TrueCryptonaire on March 09, 2015, 08:55:08 PM

Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Isn't Bitfinex offering a chance to short Darkcoin?

no
they only exchange drk but dont allow margin trading (i guess not enough market depth)

TrueCryptonaire

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Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Isn't Bitfinex offering a chance to short Darkcoin?

Oh, someone said this already.... My mistake.

opennux

full member

Activity: 231

Merit: 100

Quote from: Brilliantrocket on March 09, 2015, 08:48:07 PM

Quote from: hodlmybtc on March 09, 2015, 08:44:15 PM

Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Thanks for the tip but nevermind, price already dropped a lot and I was looking for a place like Bitfinex to short easy.

Also I don't know if any DRK whales will come up with hundreds of BTC to keep the price up, I read something in the DRK thread about that but I doubt that (a) big player(s) are still that confident to artificially keep the price high at this moment.

Oh so if it happens with DRK, it's artificial, but XMR is 100% natural. Don't look at the rpietillian behind the curtain!

That's a straw man.

hodlmybtc

hero member

Activity: 700

Merit: 500

Quote from: Brilliantrocket on March 09, 2015, 08:48:07 PM

Quote from: hodlmybtc on March 09, 2015, 08:44:15 PM

Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Thanks for the tip but nevermind, price already dropped a lot and I was looking for a place like Bitfinex to short easy.

Also I don't know if any DRK whales will come up with hundreds of BTC to keep the price up, I read something in the DRK thread about that but I doubt that (a) big player(s) are still that confident to artificially keep the price high at this moment.

Oh so if it happens with DRK, it's artificial, but XMR is 100% natural. Don't look at the rpietillian behind the curtain!

I don't know rpietila but I don't believe he would keep the price high just to keep the price high because that's quite a stupid business decision and I don't think he's stupid.

He might have pushed XMR higher because he probably is one of the biggest players in XMR, it's impossible to get in big (for Monero) positions without pushing the price up.

Brilliantrocket

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Activity: 826

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Quote from: hodlmybtc on March 09, 2015, 08:44:15 PM

Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Thanks for the tip but nevermind, price already dropped a lot and I was looking for a place like Bitfinex to short easy.

Also I don't know if any DRK whales will come up with hundreds of BTC to keep the price up, I read something in the DRK thread about that but I doubt that (a) big player(s) are still that confident to artificially keep the price high at this moment.

Oh so if it happens with DRK, it's artificial, but XMR is 100% natural. Don't look at the rpietillian behind the curtain!

hodlmybtc

hero member

Activity: 700

Merit: 500

Quote from: Anon136 on March 09, 2015, 08:37:25 PM

Quote from: hodlmybtc on March 09, 2015, 08:11:44 PM

Anyone knows a legitimate way to short DRK when having 0 DRK?

A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature.

Thanks for the tip but nevermind, price already dropped a lot and I was looking for a place like Bitfinex to short easy.

Also I don't know if any DRK whales will come up with hundreds of BTC to keep the price up, I read something in the DRK thread about that but I doubt that (a) big player(s) are still that confident to artificially keep the price high at this moment.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: illodin on March 09, 2015, 08:39:02 PM

Quote from: TrueCryptonaire on March 09, 2015, 08:36:17 PM

Quote from: ArticMine on March 09, 2015, 08:34:15 PM

DRK just broke 0.01 on the downside

I wonder if Dark community is joining into Monero community.

If they don't like "DASH" what makes you think they'd be crazy over "Monero"?

Its not about that, its about the monarchy that just decided pretty much single handedly to change it. People are even referring to ~~drk~~ dash in the thread as "his coin". That's a scary sentiment for a decentralised payment system.

Topic: [XMR] Monero Speculation - page 2027. (Read 3314325 times)