[XMR] Monero Speculation - page 2102.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: 600watt on December 17, 2014, 06:40:41 AM

of all those altcoins i had chosen this one. never touched any of those scamcoins, never gave it a thought. but then i changed my mind and invested in monero. of course, it had to be the one going down so hard. i should have warned you.

It's not really "the one" going down hard. It has lost value faster than some, but not dramatically so. In terms of market cap rankings, since this downturn started, its dropped around 10 spots from its long-held spot in the low teens of coinmarketcap to the low 20s, and that's out of several hundred coins. On the list with premined/nonmined coins removed it has dropped from #8 to #9.

No question there are some big losses here, but there are many losses all over the market.

600watt

legendary

Activity: 2338

Merit: 2106

of all those altcoins i had chosen this one. never touched any of those scamcoins, never gave it a thought. but then i changed my mind and invested in monero. of course, it had to be the one going down so hard. i should have warned you.

but hey, the btc i lost via monero are losing value fast also, so loss is getting smaller and smaller Cheesy

edit: monero is not a scam, didn´t want to imply that.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: fox19891989 on December 17, 2014, 04:47:31 AM

Dump hard

XMR lost 10k sat resistance, it will go down further.

PAAAAANIIIIIIC SELLLLLLLLLL! Shocked

fox19891989

hero member

Activity: 840

Merit: 1000

Dump hard

XMR lost 10k sat resistance, it will go down further.

rpietila

donator

Activity: 1722

Merit: 1036

Now that's some legendary talk down there! Cheesy

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: fox19891989 on December 16, 2014, 07:19:38 PM

Quote from: aminorex on December 16, 2014, 09:05:02 AM

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.

Yep, ready to buy at 80k sat Wink

While it may be possible that XMR may reach 80k sat or lower, making selling for 111k sat and buying for 80k a profitable trade there is an old saying in the markets that is very appropriate here.

Quote

Bulls make money, bears make money, pigs get slaughtered

http://wiki.fool.com/Bulls_make_money,_bears_make_money,_pigs_get_slaughtered. One should also keep in mind that there are typically two sub species of pigs in the markets. Bull pigs (buy high, hope to sell higher) and bear pigs (sell low, hope to buy lower) and both get slaughtered.

This time of the year another sub spices of pig emerges known as the tax pig. The tax pig sells low (or buys high) with the primary objective of lowering the tax payable to some state. The tax pig then waits a prescribed amount of time (this depends on the tax legislation of the target state) and then hopes to buy back lower at the same price or even slightly above (sell higher, at the same price or even slightly below). The tax pig in this process first pushes the bear pig (or the bull pig) to the slaughter and then also gets slaughtered.

FudandShort

newbie

Activity: 11

Merit: 0

Quote from: edward_cullen on December 16, 2014, 07:33:10 PM

Quote from: binaryFate on December 16, 2014, 05:54:19 PM

Quote from: edward_cullen on December 16, 2014, 05:03:02 PM

Quote from: digicoin on December 16, 2014, 04:12:31 PM

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread

Quote from: fluffyponyza

There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.

SDC supporters are claiming that this was in response to the first push, there is now more code available.

https://bitcointalksearch.org/topic/m.9862235

edward_cullen

newbie

Activity: 28

Merit: 0

Quote from: binaryFate on December 16, 2014, 05:54:19 PM

Quote from: edward_cullen on December 16, 2014, 05:03:02 PM

Quote from: digicoin on December 16, 2014, 04:12:31 PM

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread

Quote from: fluffyponyza

There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.

SDC supporters are claiming that this was in response to the first push, there is now more code available.

fox19891989

hero member

Activity: 840

Merit: 1000

Quote from: aminorex on December 16, 2014, 09:05:02 AM

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.

Yep, ready to buy at 80k sat Wink

smooth

legendary

Activity: 2968

Merit: 1198

Upon first glance at this SDC whitepaper, it looks like a nearly exact if not exact clone of cryptonote. They rewrote it to look original, but nothing about it is.

If correct, then I'm calling this 100% scam.

Nobody would bother to rewrite the cryptonote white paper in such as way as to make it look like something new except a scammer. Apparently the fact that they are claiming to have released code implementing it when they haven't supports this too.

edward_cullen

newbie

Activity: 28

Merit: 0

Quote from: binaryFate on December 16, 2014, 05:54:19 PM

Quote from: edward_cullen on December 16, 2014, 05:03:02 PM

Quote from: digicoin on December 16, 2014, 04:12:31 PM

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread

Quote from: fluffyponyza

There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.

Thank you that is far more useful than "it has better technology".

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: edward_cullen on December 16, 2014, 05:03:02 PM

Quote from: digicoin on December 16, 2014, 04:12:31 PM

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread

Quote from: fluffyponyza

There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.

edward_cullen

newbie

Activity: 28

Merit: 0

Quote from: digicoin on December 16, 2014, 04:12:31 PM

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

digicoin

legendary

Activity: 1106

Merit: 1000

Quote from: edward_cullen on December 16, 2014, 04:08:42 PM

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

edward_cullen

newbie

Activity: 28

Merit: 0

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: dEBRUYNE on December 16, 2014, 09:10:17 AM

Quote from: aminorex on December 16, 2014, 09:05:02 AM

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.

I personally think most of the downtrend is caused by this, people selling in order to buy back lower. Breaking 0.0010 would be horrible, so I hope we won't touch your target.

I think we will break it.
I will be interested in buying Moneros when we are at 0.0005-levels - we actually might go even below that - we will see.
To me breaking 0.001 is not horrible but it is a gift from Above.
It gives me great opportunity to lower my average buying price to more reasonable levels. Since I invested too heavily sub 0.004 levels, it takes quite low price to get the average price down enough.
At this moment it is good idea to let the price be low and hoard it. Once it starts climbing, it goes actually higher than without these low levels since the whales do not spend their resources in probbing the coin up artificially which benefits only miners who dump all the coins they mine.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Looks like i was too optimistic!

Who can make the monero logo melt like this? Tongue

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

I would rather that the XMR economy were growing faster. It needs an anchor tenant. But since that hasn't happened yet, I certainly plan to make the most of the opportunity.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: aminorex on December 16, 2014, 09:05:02 AM

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.

I personally think most of the downtrend is caused by this, people selling in order to buy back lower. Breaking 0.0010 would be horrible, so I hope we won't touch your target.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.

Topic: [XMR] Monero Speculation - page 2102. (Read 3313084 times)