Topic: [XMR] Monero Speculation - page 816. (Read 3314350 times)

Is anyone else a little scared by the speed of this rise?

the purpose of this Epic Pump is intended to "buy legitimacy" for the Dash coin project AT EVEN A VERY EXPENSIVE MARKET MANIPULATION PRICE just because a go-for-broke Hail Mary Pass *will* be necessary if it's going to survive?

In other words:

1. The Master Dashers use up all their firepower ammo in this epic mother of all pumps JUST TO GET their coin UP in market cap rating to #3
2. The TIMING of this just when Bitcoin is going thru the worst point of its scaling political problems is "interesting" to say the least
3. Achieving #3 Market Cap Position, Dash gains very valuable media attention and Internet "chatter" - "success breeds success!" in theory
4. This apparent "victory" of DASH as "King of Alts" as "Bitcoin 2.0" then leads to (they hope?) actual MERCHANT ADOPTION...
5. Merchant adoption provides users someplace to actually spend their Dash at faster and cheaper transactions than FAILING BITCOIN can do!!
6. Virtuous-Cycle of #3 to #4 to #5 continues a while (they hope?)
7. Finally... number #6 goes on long enough to take on its own life BEFORE THE PUMPERS run out of FUEL and the whole efforts crashes and burns...?

Is it really just a Poloniex-based, simple P&D operation as seen before, but just THIS TIME on a larger scale than's ever been attempted previously??

Feeling better? 

$31 Canadian.  wow.

Aaaand we broke $20, and new BTC local high of 0.0164.

As for the Monero price, right now we're currently continuing the cool drive back up to the previous local 0.0169 high. A little turbulence can be expected as we attempt to break through resistance, but you'd be wise to hang tight. Once we've broken through 0.0169, it will be an easy slingshot up to the main ATH, particularly in combination of an uncertain bitcoin and a potential Dash evacuation.

So, basically fasten your seatbelts, grab yourself a Piña colada, stick on some Burt Bacharach, and enjoy the ride.

Buy a little.  If it goes up, buy a little more.  If it goes down, buy a little more.  If it goes down a lot, buy a lot 

If the dumpers are short XMR they have to buy XMR to cover their positions. This is the essence of a short squeeze.

First the spork activation can make a good cover for someone planning such a leveraged long with minimal impact on the market.  One still has to ask the question where did the 500,000 Dash go. The price moved up sharply so it was not dumped, furthermore there is very little Dash available for lending. This leaves collateral for a leveraged longs as a reasonable plausible alternative. Such positions have up to now being very profitable.

So how does one set up a Dash leveraged  long position on Poloniex for example?. One deposits Dash into Poloniex and then borrows another coin to sell short for more Dash. It is here where Monero comes in. The combination of very low Monero interest rates, a very large availability of Monero for lending, a highly liquid Monero market, together with a bearish bias until the beginning of March made Monero a very attractive candidate for the short side of the long Dash position. Furthermore as long a Dash rises at a faster rate than Monero the Dash / Monero spread is fine and in fact the rising Monero price may serve to further fuel the Dash bubble. The key market to watch here is DASH/XMR https://poloniex.com/exchange#xmr_dash Dash is currently trading for ~5 XMR this is below the ~7.8 XMR in August of 2016 for example. So the Dash bubble may still have some legs.  The net result of all of this is that the Dash bubble may be fuelled in part by low Monero interest rates, and the development of sizable Long Dash / Short Monero positions.

Like any bubble the current Dash bubble will eventually crash and the pigs will go to the slaughterhouse. The impact on the broader Monero markets would be: A rising  default risk of Monero loans collateralized by Dash and a significant overall Monero short squeeze. Should this occur those who have taken delivery of their XMR  should be in the strongest position to profit from the resulting blood on the streets.

If the dumpers are short XMR they have to buy XMR to cover their positions. This is the essence of a short squeeze.