Topic: [XMR] Monero Speculation - page 2149. (Read 3313070 times)

You make a valid point that having a lot of whales is a double edged sword. They can provide a lot of demand, but if they lose interest and leave, they can equally remove a lot of demand very quickly (as you say causing a crash). So there is definitely risk there. On the other hand, there is no guarantee they will leave, and doing so would likely cause them large losses, so the crash you describe may not ever happen, but it is certainly possible.

BTW sell walls away from the market usually means someone wants to buy.

knucklehead   I SAID I bought some moneros basically because it was the least of the evils.  but when i see a 170btc sellwall mentioned and i go look and it's there at .004.  makes you wonder exactly how many people own monero?  not many if it's got whales that big maybe...

reptelia has all the whales represented by the MEW & acts like he\they get to dictate the coin emission change.  so YES it sometimes comes across as arrogant pricks running the coin.  

HOWEVER if you look closely at all my reasons for the other coins being a bad idea - this is the least bad problem.  I think it might take a massive crash to make this a "coin of the people" rather than a "coin of the whales" and if/when it does then i will be there to buy it.

i really do hope either this coin or bbr takes off.  or maybe another cryptonote that is based off of just bitcoin distribution.  but i hope there is ONE FIRM anon leader

Are you really buying coins based on your perception of personalities of people you don't really know and haven't met in person, like some kind of reality TV show?

I suppose anyone can trade however he or she chooses, but this seems less than optimal to me.

How about instead looking at the technology and the structure of the project (no premine, instamine, gimmicks to force holding and drive up demand, developers who pump-and-dump, etc.)?


Certainly panic selling would be a reason to short term avoid, but would likely also create a short term buying opportunity.


I think you will find it fails several of the criteria you listed above.

ok fine i will do the walls of text thing without using summarization words since smooth doesn't seem to like that

what coins?

I feel xc doesn't bring much to the table because

1 - they are closed sourced (why would you trust anonymity to closed source?)
2 - there was a 100 day mining then PoS so it feels like a get rich scheme
3 - their lead dev pumps coins with a small market cap for a bitcoin or two under the guise of "code reviews"
4 - they seem to imitate darkcoin (they were originally called x11coin and their official website is still x11coin.  they decided to add nodes that required 1000 coins that also made coins for mixing services like darkcoin except AFTER darkcoin.  they started talking about web 3.0 after ethereum, etc etc
5 - their followers seem to be not very many people with a very big community.
6 - their getting a review by the same guy that did the darkcoin review

(this was all summed up in my "xc is a ...." statement.

1 - darkcoin had a massive isntamine
2 - darkcoin created mixers to drive coin demand
3 - darkcoin cut back on coin emission to drive prices up
4 - so i feel like darkcoin is very unfair to later adopters

(this was summed up in my "darkcoin is a ....") statement

i feel both dark and xc intentionally stayed closed sourced for so long because they knew there was a demand for the technology they're trying to create where it isn't a (pick a gentler word than scam right here)

I'd like to know about any other coins ... all i see legitimately are bbr and xmr but maybe i'm missing something?


monero are really kinda arrogant pricks and seeing whales panic selling at .0015 would be worth seeing my stash go down in value.  bbr has it's own problems.  so there are no perfect picks.

maybe i should look at bitcoindark?

Deleted some back-and-forth name calling and sniping directed at and about pinky's post. If you disagree, please respond substantively.

Coins that proclaim anonimity.

coins such as?

The bubble has popped. Only whales were buying XMR - other small time investors that really matters and drive the market up don't give shit about XMR as they see other coins with more potential and less risk. Growth has now virtually stopped and is around 1% per week (IMO strong bear market for any coin) and prices are just too high to sustain 0.003 level for much longer (every rally is smaller and got hammered big time, longterm trendline is broken). But hey, I might be totally wrong.

I don't know if he already bought back in, just stating what was said then because someone asked if any big holder sold. Don't have more info. But let's see how this plays out.

I guess they are confident the price is going up.

Or they are manipulating the ask/sell total

You don't think it's going to stay there do you?

Buy depth down to 258btc & there's a 178btc sell wall at .004

Why doesn't he just drive over to BCX's place and hand him wads of cash?
It was over when it started.

If he is waiting until BCX declares it over, then he sold his coins to BCX at the bottom and will buy back after BCX pumps it up by deceiding when and how to announce it is 'over'.

Seriously.  If he is thinking of buying back, he shouldn't be waiting on BCX.

He said he wouldn't mind that (buying back at a loss), he just wasn't comfertable with the amount off his stash then and the attack. Warz, if this isn't right please correct me!

Warz stated in the trollbox he sold about 80% off his stash, but he would buy back if this threat was over.

Maybe, but in the longer term speculation on future valuation of XMR might well detach from speculation of future BTC valuation, since there are good reasons to assume different usage cases and adoption scenarios.

Per user, Bitcoin's marketcap is about $5,000, which is not exactly a huge figure given that the median is probably <$1,000. It has about 1 million owners, unchanged from late 2013.

If adoption goes to 10 times what it is now, likely also average investment goes higher, leading to 10+ times price growth. Otherwise the math does not add up.

And since we are in a Monero thread, and Monero's marketcap just declined to less than 1/1000 of Bitcoin's, the same numbers apply, but there is (even) more room for growth.

This is a little off topic.  But how can we expect bitcoin to stabilize when the paypal AND circle announcement did almost nothing & it continues it's decline?  I don't get it ... unless what we have a huge speculation bubble that is about to burst.

Almost everyone I know has now been exposed to bitcoin (and not by me).  I even saw a reference to it in Parks & Recreation the other day.  Maybe we are entering the adoption phase & exiting the "speculation on adoption" phase?

I'll say again what I said a few pages ago: XMR is in a fragile balance now that almost eerily resembles the fragile balance BTC is in. If there is only one prediction I'd be allowed to make, it would be that, short-to-mid term at least, XMR won't escape a breakdown if BTC enters another breakdown, but has a chance to outperform BTC if BTC stabilizes in the region of high 300s, and moves upwards from there.

Confirmed.
I was also online, pulled bids, sold nothing from this.  Since then have bought more than those bids I pulled.

The threat was (likely intentionally) issued at a time when me and several other large holders were online in the trollbox. I don't know if the other holders sold, but if they did, it was likely in anticipation of a bigger drop (which never materialized, so they bought back at a loss).

What I do remember for certain is that most of the bid side was pulled instead of being sold into, resulting in <50 BTC of bids at the lowest point instead of the normal ~300 BTC and high of >600 BTC. It builded up in minutes after seeing the initial flashcrash to 0.00280.

By the way, contrary to what many think, the higher lows trend has not been violated daily vwap-wise. The last low from August was 0.00305 and lowest during this bottom is 0.00310.