Has anyone managed to successfully verify their poloniex account recently?
Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.
Topic: [XMR] Monero Speculation - page 398. (Read 3313670 times)
Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?
I think we will see 1,500 dollars in the short vault. Between 3-6 months I mean short vaults. I trust Monero. i think we all trust monero 
We have come along way when people query was is the price so low at $500 
It's not about where it is in 'USD value now', it's if it can out perform BTC in the market. Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.
+ pulling the charts out far enough to see the overall performance relative to BTC. A short enough timeframe will validate any number of absurd claims, positive or negative.
We have come along way when people query was is the price so low at $500
It's not about where it is in 'USD value now', it's if it can out perform BTC in the market. Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.
Can we see 800usd this year if bitcoin remains going sideways?
If we don't see 1500usd this year something is wrong.
Can we see 800usd this year if bitcoin remains going sideways?
We have come along way when people query was is the price so low at $500
How to capitalize on the arbatrage between korean exchanges? We could all go there and have a party.
I was wondering the same thing. Sell high, move to tether and wait for a crash to buy low and get out of the exchange but with the premiums I think you would still be over paying unless there was a crash of 40%
Quote
QFT, do we have a list around for XMR/USD pairs? Is there any exchange you can withdraw XMR in USD for US residents?
I think you can withdraw from openledger the decentralized bitshares exchange. I don't know how long verification takes though
OK, so I thought Bitshares and Banx were a scam but it looks like they are seperate? All I can fins is Bitshares exchange is controlled by 4 centralized entities, is this true? Where do I find out the truth about Openledger? I guess I could be our guinea pig if coinbase lets me withdraw btc.
Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.
Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.
I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.
How to capitalize on the arbatrage between korean exchanges? We could all go there and have a party.
I was wondering the same thing. Sell high, move to tether and wait for a crash to buy low and get out of the exchange but with the premiums I think you would still be over paying unless there was a crash of 40%
Quote
QFT, do we have a list around for XMR/USD pairs? Is there any exchange you can withdraw XMR in USD for US residents?
I think you can withdraw from openledger the decentralized bitshares exchange. I don't know how long verification takes though
OK, so I thought Bitshares and Banx were a scam but it looks like they are seperate? All I can fins is Bitshares exchange is controlled by 4 centralized entities, is this true? Where do I find out the truth about Openledger? I guess I could be our guinea pig if coinbase lets me withdraw btc.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Korea has always topped our lists of places ripe for the first breakouts of hyper-bitcoinification.
SK is basically one giant ethnically homogeneous mega-city, so there is less friction when a new movement starts to spread.
SK is also the most high-IQ and bandwidth saturated society on earth, which further lowers the barriers to a full-scale crypto economy pivot.
South Korean have seen Japan suffer for decades from inflation and Abenomics, so they know central banking is a tool of the Western powers' petrodollar hegemony.
It's fascinating to watch the chaebol-driven Tiger Economy of SK adopt crypto from a position of strength and voluntary choice versus the desperation-driven adoption of chaotic low-IQ basket-case shitholes such as Venezuela and Zimbabwe.
'member this?
That reminds me, I nominate Korean to be next in line. Perfect demographic (save $, high tech, love new fads) for XMR.
I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government. You mean like Ukraine, Venezuela, and Argentina? They are more technophobic and less homogenous than Korea. The elites are a different ethnicity than the rabble and the culture is conservative. In such places Bitcoin and gold are better choices. XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes.
People in chaotic situations don't have the risk capital for lottery tickets like Monero.
This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.
Great points.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Korea has always topped our lists of places ripe for the first breakouts of hyper-bitcoinification.
SK is basically one giant ethnically homogeneous mega-city, so there is less friction when a new movement starts to spread.
SK is also the most high-IQ and bandwidth saturated society on earth, which further lowers the barriers to a full-scale crypto economy pivot.
South Korean have seen Japan suffer for decades from inflation and Abenomics, so they know central banking is a tool of the Western powers' petrodollar hegemony.
It's fascinating to watch the chaebol-driven Tiger Economy of SK adopt crypto from a position of strength and voluntary choice versus the desperation-driven adoption of chaotic low-IQ basket-case shitholes such as Venezuela and Zimbabwe.
'member this?
That reminds me, I nominate Korean to be next in line. Perfect demographic (save $, high tech, love new fads) for XMR.
I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government. You mean like Ukraine, Venezuela, and Argentina? They are more technophobic and less homogenous than Korea. The elites are a different ethnicity than the rabble and the culture is conservative. In such places Bitcoin and gold are better choices. XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes.
People in chaotic situations don't have the risk capital for lottery tickets like Monero.
This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls.
Meaning? They can’t get their money out?
Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.
https://en.wikipedia.org/wiki/Foreign_exchange_controls
Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)
Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.
https://www.bloomberg.com/news/articles/2018-01-09/bitcoin-s-43-arbitrage-trade-is-a-lot-tougher-than-it-looks
Just what I was looking for. Thanks.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls.
Meaning? They can’t get their money out?
Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.
https://en.wikipedia.org/wiki/Foreign_exchange_controls
Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)
Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.
https://www.bloomberg.com/news/articles/2018-01-09/bitcoin-s-43-arbitrage-trade-is-a-lot-tougher-than-it-looks
If Monero cant be tracked, has unlimited block size, transactions are really fast and its supply is very small. WHY IS THE PRICE SO LOW?. I expect Monero to be worth millions per coin if the scalability issue is not solved in BTC. Also, all that hidden money around the world could get in MONERO
It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
If Monero cant be tracked, has unlimited block size, transactions are really fast and its supply is very small. WHY IS THE PRICE SO LOW?. I expect Monero to be worth millions per coin if the scalability issue is not solved in BTC. Also, all that hidden money around the world could get in MONERO
People who want to get from the investment instant Xs are already late to invest in. It seems to me that this coin will grow very smoothly. But it's good for those who have invested in Monero a large sum and able to wait for a few months.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls.
Meaning? They can’t get their money out?
Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.
https://en.wikipedia.org/wiki/Foreign_exchange_controls
Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)
Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.
I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls.
Meaning? They can’t get their money out?
Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.
https://en.wikipedia.org/wiki/Foreign_exchange_controls
Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)
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