Author

Topic: [XMR] Monero Speculation - page 787. (Read 3314343 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
April 03, 2017, 05:43:19 PM

Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first Huh but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?


and...


Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first  but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?


WTF is there an echo in here?  LOL

Sometimes bought accounts will do thi trying to fool sig campains, check the guys posts.

I had one that was doing that to my posts that were weeks old.
sr. member
Activity: 327
Merit: 252
April 03, 2017, 05:38:46 PM
Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first  but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?


Coinbase have said that their long-term goal is to add multiple coins so it's not necessarily a case of either/or.

...

They added ETH during the DAO and fork to ETC so what does that tell you about their credibility?

I'm not sure what one has to do with the other.

Coinbase is likely not for Crypto Currency purists. It is more aimed at speculators who don't care about maintaining their own wallets and who want an easy way to purchase currencies without the pressure and learning curve of trading platforms like Poloniex.

I'm not that interested in their credibility insofar as their decision with regard to ETH and the DAO. I am interested in the fact that they have six million accounts and what that might do for Monero's reputation and price.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
April 03, 2017, 05:28:18 PM


...

Coinbase have said that their long-term goal is to add multiple coins so it's not necessarily a case of either/or.

That said, given what Lee has said about Dash, I just can't imagine how Coinbase could offer it without undermining their credibility.

...

They added ETH during the DAO and fork to ETC so what does that tell you about their credibility?
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 04:46:23 PM
Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.

Depends on what you think of BTC.  It's the big factor in alt prices.  Normally XMR goes down on BTC rises, this time XMR has not lost $ value.

Good luck, but be careful, eh? Wink  I am not sure you will make on shorting XMR right now

Even if this hits 185 and i get sl, I still make bitcoin. But so far i reshorted at 185-183 and now it is 177 again. More green, more btc for me. I think there is still room for 1250 btc bull fakeout which could mean a realization of my low 0.016 and at least low 0.017 for xmr. Who knows, long term trend line has 0.012 xmr correction, and similar harsh drops for all alts maid to 10k fct to 20 eth could drop to $30. I am short on all of them. Only alt that I think has completed a deeper retrace is ripple from 7k to 2k.

Dont get me wrong. I am a monero bag holder, maid bag holder 7k etc but they have all had brilliant runs this year and as a result have room to correct a midst a btc bull run so it seems only logical to day trade these spot holdings to make more btc.

EDIT: 175 Yes we have broken down on xmr and broken up on btc. I expect the destruction of this pennant and sub 0.017 today.

You obviously are well informed enough to make your call.  Fair enough.  Personally I am happy XMR to be holding a $20 plus price.

BTC looks overpriced to me, but you bet on it if you're sure, eh?
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 04:40:52 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.


And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over.  I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there...

Sure, but you can be more willing to lend if you are holding BTC and either think the second coin won't happen or will quickly become worthless (or just very low value). The current rates of about 0.1% per day is still a quite profitable return for BTC longs. 1/2-1% per week or so.


Lower rates implies less likelihood of a fork, since lending risks (as you said) mean not getting your (admittedly possibly worthless) 'bonus' coins and the scary damage of a fork to price.

However, a chain fork will not necessarily mean an ETH style 1+1 = >2, it will more likely see an unnerving doubt becoming prevalent over BTC. Full stop.

Markets dislike uncertainty.

Any split will mean stasis over trading - everyone will hold in their wallets and wait.   Lower rates also means demand to borrow is low, which makes  sense. 

BTC cannot climb to new ATH while this shit is still unresolved (although I do think Core will probably win).

I am happy to be overexposed to Monero right now, I hope I am not alone Wink

member
Activity: 61
Merit: 10
April 03, 2017, 04:21:48 PM
Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.

Depends on what you think of BTC.  It's the big factor in alt prices.  Normally XMR goes down on BTC rises, this time XMR has not lost $ value.

Good luck, but be careful, eh? Wink  I am not sure you will make on shorting XMR right now

Even if this hits 185 and i get sl, I still make bitcoin. But so far i reshorted at 185-183 and now it is 177 again. More green, more btc for me. I think there is still room for 1250 btc bull fakeout which could mean a realization of my low 0.016 and at least low 0.017 for xmr. Who knows, long term trend line has 0.012 xmr correction, and similar harsh drops for all alts maid to 10k fct to 20 eth could drop to $30. I am short on all of them. Only alt that I think has completed a deeper retrace is ripple from 7k to 2k.

Dont get me wrong. I am a monero bag holder, maid bag holder 7k etc but they have all had brilliant runs this year and as a result have room to correct a midst a btc bull run so it seems only logical to day trade these spot holdings to make more btc.

EDIT: 175 Yes we have broken down on xmr and broken up on btc. I expect the destruction of this pennant and sub 0.017 today.
legendary
Activity: 2268
Merit: 1141
April 03, 2017, 04:21:40 PM
Is mymonero site working for you guys? It's hung up on a transaction now for a few hours, what gives?

It seemed a little iffy yesterday as well.


How long do these hang ups normally last? I can't send anything else right now either. My account is in essence frozen as it says unconfirmed for a few hours now. I can't even make any other transactions.  Sad

Do transactions time out on mymonero? What is the normal wait when something is hung up?

Probably best to contact their support ([email protected]).
legendary
Activity: 2968
Merit: 1198
April 03, 2017, 04:15:58 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.


And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over.  I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there...

Sure, but you can be more willing to lend if you are holding BTC and either think the second coin won't happen or will quickly become worthless (or just very low value). The current rates of about 0.1% per day is still a quite profitable return for BTC longs. 1/2-1% per week or so.
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 04:10:22 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.


And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over.  I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there...
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 04:08:05 PM
Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.

Depends on what you think of BTC.  It's the big factor in alt prices.  Normally XMR goes down on BTC rises, this time XMR has not lost $ value.

Good luck, but be careful, eh? Wink  I am not sure you will make on shorting XMR right now
legendary
Activity: 2968
Merit: 1198
April 03, 2017, 04:05:04 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.
member
Activity: 61
Merit: 10
April 03, 2017, 03:52:56 PM
Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.
legendary
Activity: 1007
Merit: 1000
April 03, 2017, 03:51:57 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

You can't really judge by the rates.  You need to keep track of available from point a to point b.  The rates can fluctuate based on loans closing and people trying to get the first available rate.  Some don't seem to mind losing 50% on the percentage, as long as their loan offer is always filled. 

So if the rates dropped the available should have increased and that would mean less margin longs.  Bearish.... 
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 03:40:00 PM
...

BTC lending rates dropped by half (<0.12%) so more margin longs?

One can borrow DASH at a lending rate of approximately one third of that for XBT. Cryptocurrency on margin is a an extremely high risk business and not for the faint of heart.

Yes, but the lending rates do tell a story...

EDIT: Monero rate holding its own - $21 suggests strength against a rising BTC.   This is pent up demand.  If BTC drops (and I think it will) we are well set.

EDIT 2: XRP down 35%, Dash is 'over', ETH down 10%... Monero: holding well.  I am becoming quietly confident the smart money is coming home.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
April 03, 2017, 02:49:24 PM
...

BTC lending rates dropped by half (<0.12%) so more margin longs?

One can borrow DASH at a lending rate of approximately one third of that for XBT. Cryptocurrency on margin is a an extremely high risk business and not for the faint of heart.
full member
Activity: 176
Merit: 108
April 03, 2017, 02:22:48 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?
legendary
Activity: 2604
Merit: 1748
April 03, 2017, 02:06:22 PM
In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.
hero member
Activity: 850
Merit: 1000
April 03, 2017, 01:34:45 PM
Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.

But is it in demand though? I think not.

Sure, Dash recently enjoyed a peculiar pump. But the community stats and overall community industry is still far below par. The only people waving Dash's flag are those employed to do so. It doesn't have any other credibility to the extent that people would genuinely be passionate about it.

For example, why didn't Dash manage to get a logo on /r/place, where Monero, Bitcoin and Ethereum succeeded?

The answer is because no-one was employed to make it.

All good points. I'm thinking in terms of profit per transaction, which is how Coinbase would make their money. Currently on Polo, Dash is #3 in terms of volume, and on coinmarketcap it's #4 with a 24-hour volume of $46,019,300. Granted, that is far below BTC and ETH, but it still would look attractive to a company which makes money on a per-transaction basis. Just to be clear: I think Dash is immoral with its instamine and is either a pyramid scheme or very close to it...but people buy junk every day.
hero member
Activity: 714
Merit: 504
April 03, 2017, 01:20:56 PM
Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.

But is it in demand though? I think not.

Sure, Dash recently enjoyed a peculiar pump. But the community stats and overall community industry is still far below par. The only people waving Dash's flag are those employed to do so. It doesn't have any other credibility to the extent that people would genuinely be passionate about it.

For example, why didn't Dash manage to get a logo on /r/place, where Monero, Bitcoin and Ethereum succeeded?

The answer is because no-one was employed to make it.
hero member
Activity: 850
Merit: 1000
April 03, 2017, 01:12:41 PM
Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). They added ETH which doesn't honor contracts. So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.
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