[XMR] Monero Speculation - page 2153.

rdnkjdi

legendary

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Quote

What do you call the 25k sell walls a few days ago then? Manipulation happens on both sides.

Indeed it does. Then a whale was accumulating. Just seems like I see less manipulation keeping the price down on the orderbooks than I see keeping it up.

Now it seems somebody is holding the price up. Wish I'd had more than my phone to see what was going on in the lower 300's yesterday (Why can't an exchange make a good mobile friendly option ... ugh). It looked to me like whoever was holding it up has several smallish volumes selling into him (2500 - 5000 XMR) before things settled down to the bottom of 300.

I think a big dump might take us back to the upper 200's where my current buy order is Grin

If not price will probably stay close to hear as long as those walls are up unless bitcoin price shoots up.

dEBRUYNE

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Quote from: rdnkjdi on September 29, 2014, 09:16:08 AM

Quote

edit: there is no 100 btc at 003, what are you talking about lol

somebody got cold feet ... down to 33btc Grin

There was like 70 btc at 301 (I think) then 30 more at 300

What do you call the 25k sell walls a few days ago then? Manipulation happens on both sides.

rdnkjdi

legendary

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Quote

edit: there is no 100 btc at 003, what are you talking about lol

somebody got cold feet ... down to 33btc Grin

There was like 70 btc at 301 (I think) then 30 more at 300

rdnkjdi

legendary

Activity: 1256

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Quote from: ?? on ??

Next stop 275Ksat.

Anyone wanna guess why. Is it...
- the bearish market for bitcoin?
- people waiting to see if BCX threats materialize?
- the emission, meaning we should just be patient and weather it out?
- because the core supporters are all way too long in it to continue to give support?
- is it TRUE?
- a hellish shitstorm of all of the above?

Next stop is actually 440K satoshis and above.

...

if it wasn't for that 100btc buy wall @ .00300000 we'd be at 250.

hate price manipulation .... keeps cheap moneros from spreading Roll Eyes

Kruncha

sr. member

Activity: 644

Merit: 250

So much hate towards Monero. I wonder why is that? hardly a day passes by without you being FUDed, trolled or threatened with an attack.

pinky

hero member

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Quote from: ?? on ??

Next stop is actually 440K satoshis and above.

https://www.youtube.com/watch?v=I6D6HKQ4i5Y

Hueristic

legendary

Activity: 3836

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Doomed to see the future and unable to prevent it

Quote from: iourzzz on September 26, 2014, 05:30:57 AM

Quote from: ?? on ??

Quote from: vuduchyld on September 25, 2014, 08:28:25 PM

Quote from: NewLiberty on September 25, 2014, 07:54:58 PM

Quote from: manselr on September 24, 2014, 06:58:25 PM

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

Executive summary sir:

There was a threat.

To the extent that the threat was credible, it was mitigated in the code.
During the mitigation, most exchanges stopped transacting with the monero block chain, but kept exchanging openly.
There were some brief DDoS attacks and minor alerts, but no substantial problems

Business as usual resumed shortly after the mitigation work was completed, with some nice enhancements to the code that prevent this sort of threat from reoccurring.

Lessons learned discussions are still ongoing but at minimum, the enhancements are sufficiently innovative that they may be adopted by all other coins to prevent this type of threat in a distributed fashion. This is a win for crypto currency in general.

Perfect executive summary.

The fact that the price is still .0034xxx (actually, now .00337xx) makes me wonder if the market is still cautious about the threat.

Seems as though you see it exactly the way I do, which makes me believe I'm seeing it right and the market is just a bit behind or slightly less informed. I'm sitting here wondering if there is something I am missing, because this price does not make a lot of sense to me.

Guess that means I better buy some more. Edit: I just posted in another thread that by my reckoning, XMR is on a 15-20% discount right now at .00337773. Just placed a couple of orders, not much below where we are, that I hope will fill.

I was expecting it go back to 0036 today, I'm glad I was wrong, it seems people still waiting for a cheaper entry point.

Once again price correlates with BTC falling. So it's not so obvious if there was actually so much influence of all the latest events and discussions. Everything is OK. It's just bear market. It will change in proper time.

It is tied to BTC it should not fall with it. Deluding yourself is as bad as fud. I picked the wrong time to buy back in. Sad

But at least my Doggies are rallying.

iourzzz

member

Activity: 94

Merit: 10

Quote from: ?? on ??

Quote from: vuduchyld on September 25, 2014, 08:28:25 PM

Quote from: NewLiberty on September 25, 2014, 07:54:58 PM

Quote from: manselr on September 24, 2014, 06:58:25 PM

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

Executive summary sir:

There was a threat.

To the extent that the threat was credible, it was mitigated in the code.
During the mitigation, most exchanges stopped transacting with the monero block chain, but kept exchanging openly.
There were some brief DDoS attacks and minor alerts, but no substantial problems

Business as usual resumed shortly after the mitigation work was completed, with some nice enhancements to the code that prevent this sort of threat from reoccurring.

Lessons learned discussions are still ongoing but at minimum, the enhancements are sufficiently innovative that they may be adopted by all other coins to prevent this type of threat in a distributed fashion. This is a win for crypto currency in general.

Perfect executive summary.

The fact that the price is still .0034xxx (actually, now .00337xx) makes me wonder if the market is still cautious about the threat.

Seems as though you see it exactly the way I do, which makes me believe I'm seeing it right and the market is just a bit behind or slightly less informed. I'm sitting here wondering if there is something I am missing, because this price does not make a lot of sense to me.

Guess that means I better buy some more. Edit: I just posted in another thread that by my reckoning, XMR is on a 15-20% discount right now at .00337773. Just placed a couple of orders, not much below where we are, that I hope will fill.

I was expecting it go back to 0036 today, I'm glad I was wrong, it seems people still waiting for a cheaper entry point.

Once again price correlates with BTC falling. So it's not so obvious if there was actually so much influence of all the latest events and discussions. Everything is OK. It's just bear market. It will change in proper time.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: OrientA on September 26, 2014, 03:37:38 AM

Quote from: Cryptobro on September 25, 2014, 09:03:22 PM

yeah it's been interesting watching the "post-attack" happenings.
I was expecting to shoot back into the low 004 range, but as it turns out we're still on a slight decline.

It's weird how everything has kind of gone silent, anticlimactic if you will...even the trolls seem to have moved on.

I'll be buying more soon to keep the cost average down in case it dips further in any case.

Are you sure the attack has finished?

"The attack" is simply the ongoing process of people who want to compete for either money or attention on the basis of various forms of exploits and attacks, or threats of the same. It will never be finished, it is just something needs to be dealt with, like cleaning the windows or mowing the lawn.

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: Cryptobro on September 25, 2014, 09:03:22 PM

yeah it's been interesting watching the "post-attack" happenings.
I was expecting to shoot back into the low 004 range, but as it turns out we're still on a slight decline.

It's weird how everything has kind of gone silent, anticlimactic if you will...even the trolls seem to have moved on.

I'll be buying more soon to keep the cost average down in case it dips further in any case.

Are you sure the attack has finished?

Deagle21

full member

Activity: 333

Merit: 100

Mine, mine, mine, mine!!!!!!

Cryptobro

member

Activity: 84

Merit: 10

yeah it's been interesting watching the "post-attack" happenings.
I was expecting to shoot back into the low 004 range, but as it turns out we're still on a slight decline.

It's weird how everything has kind of gone silent, anticlimactic if you will...even the trolls seem to have moved on.

I'll be buying more soon to keep the cost average down in case it dips further in any case.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: NewLiberty on September 25, 2014, 07:54:58 PM

Quote from: manselr on September 24, 2014, 06:58:25 PM

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

Executive summary sir:

There was a threat.

To the extent that the threat was credible, it was mitigated in the code.
During the mitigation, most exchanges stopped transacting with the monero block chain, but kept exchanging openly.
There were some brief DDoS attacks and minor alerts, but no substantial problems

Business as usual resumed shortly after the mitigation work was completed, with some nice enhancements to the code that prevent this sort of threat from reoccurring.

Lessons learned discussions are still ongoing but at minimum, the enhancements are sufficiently innovative that they may be adopted by all other coins to prevent this type of threat in a distributed fashion. This is a win for crypto currency in general.

Perfect executive summary.

The fact that the price is still .0034xxx (actually, now .00337xx) makes me wonder if the market is still cautious about the threat.

Seems as though you see it exactly the way I do, which makes me believe I'm seeing it right and the market is just a bit behind or slightly less informed. I'm sitting here wondering if there is something I am missing, because this price does not make a lot of sense to me.

Guess that means I better buy some more. Edit: I just posted in another thread that by my reckoning, XMR is on a 15-20% discount right now at .00337773. Just placed a couple of orders, not much below where we are, that I hope will fill.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: manselr on September 24, 2014, 06:58:25 PM

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

Executive summary sir:

There was a threat.

To the extent that the threat was credible, it was mitigated in the code.
During the mitigation, most exchanges stopped transacting with the monero block chain, but kept exchanging openly.
There were some brief DDoS attacks and minor alerts, but no substantial problems

Business as usual resumed shortly after the mitigation work was completed, with some nice enhancements to the code that prevent this sort of threat from reoccurring.

Lessons learned discussions are still ongoing but at minimum, the enhancements are sufficiently innovative that they may be adopted by all other coins to prevent this type of threat in a distributed fashion. This is a win for crypto currency in general.

vuduchyld

sr. member

Activity: 364

Merit: 250

Back to speculation...

When will we get back to .0036? Are people still thinking that this TW is going to materialize?

Personally, I suspect we'll hit .0042 within a week.

smooth

legendary

Activity: 2968

Merit: 1198

Excellent analysis from both rdnkjdi and oda.krell.

And what NewLiberty said about fire drill is spot on.

Thanks to all for the insightful comments.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: manselr on September 24, 2014, 06:58:25 PM

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

There has been no evidence of an attack aside from a small amount of anomalous network traffic yesterday that may or may not have been related.

The attack is in the form of a credible threat coupled with an actual DDoS on a major exchange.

We are vigilant and taking actions to mitigate the threat.

manselr

legendary

Activity: 868

Merit: 1006

Can someone put everything that happened very briefly for a non computer nerd in laymans term? Is BCN attack legit? what is going to happen? what the hell is this.

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: NewLiberty on September 24, 2014, 12:04:43 PM

There will be MUCH greater opposition in the days and years to come. Few or none will give prior notice. This was little more than a friendly fire drill.

This time, at least we know it is coming.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: rdnkjdi on September 24, 2014, 11:05:24 AM

Quote

Inside the economic system of one individual crypto, an actor will be economically irrational if he attacks the network to the point of destruction: he is going to experience a net loss if he destroys the value of the currency that he is paid in. The network value post-attack times his share of the network he gained through the attack must be higher than the cost of the attack for him to consider the attack economically viable.

For an outside actor, this doesn't hold. He could either have a higher level economic motivation that allows him to take the cost of an attack (e.g. removing a competitor crypto, to strengthen his preferred crypto), or he could be what you called a "joker type personality". I claim that from the practical point of view of the network that needs to be defended, the two are indistinguishable. This is the case I meant by "malicious actors".

Ah - that makes me understand your definitions better. I do believe that BCX had hinted at basically doing a timewarp and then dumping all of the coins on an exchange for bitcoin.

So in that scenario there might be an attack that was both beneficial inside the network and destroys it. But it's probably not worth bringing up. I do have to wonder what happens inside of BCX's head. Odd duck.

I waste a little time on the psychological aspects as well, but feel no personal malice or ire. To polish a good game of chess, one needs worthy opponents. I also don't mind if the little FUD games were profitable for him. He sold or bought a bit of reputation and maybe got or lost some XMR or BTC out of it, none of that affects me.
What it did do is it raised a challenge, and though it distracted from some important pursuits for development, it may result in raising the security level a bit.

Monero is very easy to mine. I can run it in the background on one of my game machines and add a few hashes to the network when I am not goofing off. Everyone can. It is like the early Bitcoin days all over again. And hey, it just might catch on, you may want to get some for yourself.

There will be MUCH greater opposition in the days and years to come. Few or none will give prior notice. This was little more than a friendly fire drill.

Topic: [XMR] Monero Speculation - page 2153. (Read 3313076 times)