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Title: [XMR] The Monero BEAR thread. Post by: Doomero on May 21, 2015, 10:03:07 PM Hello.
There is no home for the monero bears on this forum. Everytime we open our mouths, we are called trolls or puppets or whatever new word these professional cheerleaders have recently learned. We need a home where contrarians will be free to express their opinions without any kind of censorship. We need a home were we can party when monero price plummets. We need a home to support each other when monero goes into bubble mode. Who are we ? Some of us like monero so much that we want a bigger stack ; some of us hate monero and just want to short it to oblivion ; some of us dont care about monero but are fed up with the amount of cheerleading it receives on this part of the forum ; everyone of us feel a great amount of joy when monero crashes. My dear friends, you now have a place you can call HOME ! https://i.imgflip.com/ltvcp.jpg (https://imgflip.com/i/ltvcp) Title: Re: [XMR] The Monero BEAR thread. Post by: Doomero on May 21, 2015, 10:43:34 PM Let's start a discussion :
Is americanpegasus a good addition to the monero cheerleading team ? Don't you guys find it pretty convenient that after one week of him posting random shit on the forum monero price goes to shit ? Maybe he's on our team ? Maybe he's an idiot ? I can't tell. I hope he keeps doing what he's doing though. It seems to serve our purposes. On a side note, who are the idiots buying monero at 0.0019 ? What are they thinking ? Are they thinking at all or have they been brainwashed ? Title: Re: [XMR] The Monero BEAR thread. Post by: G2M on May 22, 2015, 12:06:03 AM Let's start a discussion : Is americanpegasus a good addition to the monero cheerleading team ? Don't you guys find it pretty convenient that after one week of him posting random shit on the forum monero price goes to shit ? Maybe he's on our team ? Maybe he's an idiot ? I can't tell. I hope he keeps doing what he's doing though. It seems to serve our purposes. On a side note, who are the idiots buying monero at 0.0019 ? What are they thinking ? Are they thinking at all or have they been brainwashed ? The 1w graph has been heading for a MACD crossover for the last 3 weeks. Anyone paying attention to what I wrote 3 weeks ago would have made the educated guess that .0016-.002 was a decent buying range, and .0018-.0016 would have been optimal, while anything under .0016 would have been in the miss-the-bills-this-month-because-i'm-going-to-outpace-the-fees-and-interest-rates range. All that said, I think it's made some headway there, yet remain a bear. Title: Re: [XMR] The Monero BEAR thread. Post by: Eastwind on May 26, 2015, 04:16:36 PM It does look like market manipulation. Market manipulation will not affect the long term performance of XMR. Title: Re: [XMR] The Monero BEAR thread. Post by: GTO911 on May 26, 2015, 04:49:44 PM Everytime we open our mouths, we are called trolls or puppets or whatever new word these professional cheerleaders have recently learned everyone of us feel a great amount of joy when monero crashes. And you are not a troll, lol right Title: Re: [XMR] The Monero BEAR thread. Post by: JackRipper on May 26, 2015, 05:13:51 PM Everytime we open our mouths, we are called trolls or puppets or whatever new word these professional cheerleaders have recently learned everyone of us feel a great amount of joy when monero crashes. And you are not a troll, lol right Trolls aren't the only ones that want to see the price of Monero go down. Now that Poloniex allows short sales, there is new opportunities to make a profit from the plummeting price of Monero. So perhaps he's not a troll. Maybe he's a short seller. There is a difference. Title: Re: [XMR] The Monero BEAR thread. Post by: mrkavasaki on July 16, 2015, 07:05:02 PM Last Time to sell high?? ???
I Say we are going to sub 0.0015 soon Title: Re: [XMR] The Monero BEAR thread. Post by: iCEBREAKER on July 16, 2015, 07:28:20 PM Hi Doomero!
I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? Title: Re: [XMR] The Monero BEAR thread. Post by: Eastwind on July 17, 2015, 06:40:45 AM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 17, 2015, 02:37:09 PM Bears will be killed by the bull's horns when the bulls start to roar.
Title: Re: [XMR] The Monero BEAR thread. Post by: Crestington on July 17, 2015, 07:19:57 PM I would not buy Monero because
1. It's POW which would make it unsustainable to reach heights of $20, $100, or $1000 per Coin. 2. Massive amount of Bloat that makes the Blockchain unsustainable for local users to hold, mining and the platform is centralized among Mymonero. 3. The Monero Community has this vendetta against Dash and many spend their time slinging childish insults, I don't care about which is better, same goes for Dash. The ring signatures is a nice feature for anonymity but the sheer amount of bloat outweighs the positives. I would definitely not be buying right now because of the many threads, many threads spamming is always the best indication to sell if you have it. Title: Re: [XMR] The Monero BEAR thread. Post by: Nxtblg on July 17, 2015, 10:02:56 PM 3. The Monero Community has this vendetta against Dash and many spend their time slinging childish insults, I don't care about which is better, same goes for Dash. What frontier would be complete without a Hatfield-McCoy-type feud? ;D Title: Re: [XMR] The Monero BEAR thread. Post by: NextGenCrypto on July 17, 2015, 11:16:14 PM XMR is a fucking shitcoin with moronic shills.
Title: Re: [XMR] The Monero BEAR thread. Post by: saddambitcoin on July 18, 2015, 02:14:55 AM 2. Massive amount of Bloat that makes the Blockchain unsustainable for local users to hold, mining and the platform is centralized among Mymonero. You could say the same about BTC, majority of users aren't running a full node storing the close to 40GB bitcoin blockchain, but some care enough to do it. Same with Monero. Title: Re: [XMR] The Monero BEAR thread. Post by: DaveyJones on July 18, 2015, 02:53:37 AM 2. Massive amount of Bloat that makes the Blockchain unsustainable for local users to hold, mining and the platform is centralized among Mymonero. You could say the same about BTC, majority of users aren't running a full node storing the close to 40GB bitcoin blockchain, but some care enough to do it. Same with Monero. Ya talking about the blockchain-size and use it as weak-spot is pretty useless when almost everyone on btc is running electrum, multibit, blockchain.info and etc. Title: Re: [XMR] The Monero BEAR thread. Post by: iCEBREAKER on July 18, 2015, 05:17:41 AM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? It took Dash from +12% to barely green, but then Duffman put out a pumpy PR and I got GTFO. Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Title: Re: [XMR] The Monero BEAR thread. Post by: smooth on July 18, 2015, 08:01:07 AM Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Just watch the XMR loan interest rate continue to skyrocket. Oh wait... All hot air. Title: Re: [XMR] The Monero BEAR thread. Post by: Crestington on July 18, 2015, 09:16:27 AM 3. The Monero Community has this vendetta against Dash and many spend their time slinging childish insults, I don't care about which is better, same goes for Dash. What frontier would be complete without a Hatfield-McCoy-type feud? ;D This is true in many respects and can be beneficial in many ways but should atleast be funny so if there are two parties calling each other fuckwits, retards and idiots it makes me want to take my business elsewhere. 2. Massive amount of Bloat that makes the Blockchain unsustainable for local users to hold, mining and the platform is centralized among Mymonero. You could say the same about BTC, majority of users aren't running a full node storing the close to 40GB bitcoin blockchain, but some care enough to do it. Same with Monero. Ya talking about the blockchain-size and use it as weak-spot is pretty useless when almost everyone on btc is running electrum, multibit, blockchain.info and etc. It was mentioned early on about the very large size growth yearly from the Cryptonote Coins (multi-gigabytes per year), and if I remember correctly the growth of Monero was something like 6 GB a year (a correct figure would be nice). Such large growth per year centralizes the mining and the majority of the mining tends to happen through Mymonero as a result and if you have a Blockchain with more than 10GB of data then people do not bother to host nodes for it or local wallets. It is more anonymous with ring signatures but much more centralized because the majority are going to use their wallets through Mymonero, that increases rick and a central point of failure. There was mention of wanting to do pruning of the Blockchain in the original whitepaper but to date there has not been anything of the sort. In short, if Monero was as widely used as Bitcoin, the growth of the Blockchain would be completely unsustainable growing multi-gigabytes in size a month. Does Monero have electrum wallets? What are it's key strengths besides ring signatures and it's emission curve? Title: Re: [XMR] The Monero BEAR thread. Post by: smooth on July 18, 2015, 09:32:22 AM if I remember correctly the growth of Monero was something like 6 GB a year (a correct figure would be nice) The actual size of the blockchain was roughly 2.7 GB on May 22 of this year which is about 13 months after launch. Confusion arises because the original code stores the blockchain in a very inefficient format, with a lot of duplicated information. In addition, for a few months last year there was a poor design in the pool code which created a huge number of tiny payout transactions, bloating the chain, and there was also at least one spam attack when the default transaction fees were unrealistically low. Both of these are not ongoing issues so the actual rate of growth is significantly lower. Quote Such large growth per year centralizes the mining and the majority of the mining tends to happen through Mymonero Mymonero has nothing to do with mining. It is true that the bigger the blockchain the less likely it is that people will run nodes. Possibly offsetting that, people can never achieve the highest levels of privacy by using something like MyMonero or a foreign node, so the nature of the coin being one that exists to provide privacy, this may motivate more of at least the serious users to run their own nodes. We've also done a fair amount of work to enable nodes to work well on very inexpensive hardware. An always-on node can probable be had for <$100 with negligible power use, although with fewer performance compromises if you spend maybe $150. I don't think storage is going to be a major obstacle any time soon given the above numbers and the cheap cost of 32 GB or 64 GB flash cards. I just checked and you can now buy a 64 GB card for $12. Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 18, 2015, 04:36:00 PM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? It took Dash from +12% to barely green, but then Duffman put out a pumpy PR and I got GTFO. Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Nobody. :'( Title: Re: [XMR] The Monero BEAR thread. Post by: newb4now on July 18, 2015, 04:37:55 PM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? It took Dash from +12% to barely green, but then Duffman put out a pumpy PR and I got GTFO. Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Nobody. :'( Strange that none of the bears in this thread have the guts to openly take a short position Easier to talk trash than put your BTC where your mouth is I guess Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 18, 2015, 07:59:42 PM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? It took Dash from +12% to barely green, but then Duffman put out a pumpy PR and I got GTFO. Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Nobody. :'( Strange that none of the bears in this thread have the guts to openly take a short position Easier to talk trash than put your BTC where your mouth is I guess It shows me they are mere trolls who pathetically tries to manipulate Monero's price down with their mouths but the coin price is stable and has a nice bottom formation on the charts. Last time the bottom was formed around 0.001 for some time and then it started a bull run that took us straight to low 0.004's and now looks the bottom is slightly below 0.002 (around 0.0019 - give or take). When the multichannel marketing kicks in, the price is explosive. Title: Re: [XMR] The Monero BEAR thread. Post by: iCEBREAKER on July 18, 2015, 11:18:12 PM Hi Doomero! I won't call you a troll (we're all trolls here :D) or a puppet. But if you aren't short XMR, I will call you a chicken. The Monero haters hate Monero because they fear it, and are jealous of its present success and vast potential. But they wouldn't dare put their money where their mouths are. Even though interest rates on XMR loans are near zero, they are still too chicken to risk getting their teeth broken in the inevitable resumption of XMR's moonward trajectory. Last week, I spent 0.1 BTC (~60 XMR actually) to break Dash's rally. It was well worth it, both for the satisfaction of stomping on their scammy sandcastle and putting my convictions into action. The potential profit was just gravy (although next time I'll take some green before adding more red). What are you doing, besides talking, to demonstrate your belive XMR is in a bear market? How effective is that 0.1 BTC action? Did it last more than 30mins? It took Dash from +12% to barely green, but then Duffman put out a pumpy PR and I got GTFO. Anyway, this is the XMR bear thread, so who is going to short XMR and report back on their results? [crickets.png] [tumbleweeds.gif] Nobody. :'( https://i.imgur.com/MRzaIR3.jpg Title: Re: [XMR] The Monero BEAR thread. Post by: iCEBREAKER on July 19, 2015, 01:21:33 AM iCEBREAKER he's name is Eduardo deCastro a known scammer https://hashfastscam.wordpress.com/2014/01/02/scam-starts-at-the-top-with-ceo-of-hashfast/ also trying so hard to push every one else buttons so he can make even more money. Are you saying Monero is a scam? If you are, why don't you try shorting it? Chicken? ;) Title: Re: [XMR] The Monero BEAR thread. Post by: newb4now on July 19, 2015, 02:16:28 AM iCEBREAKER he's name is Eduardo deCastro a known scammer https://hashfastscam.wordpress.com/2014/01/02/scam-starts-at-the-top-with-ceo-of-hashfast/ also trying so hard to push every one else buttons so he can make even more money. Are you saying Monero is a scam? If you are, why don't you try shorting it? Chicken? ;) do not short Monero, or your account will eventually be margin called and you will lose everything. No one here want's to be the last one to give he's money away, what's wrong did you and cryptonaire shorted and worried about losing you're coins. Isn't Monero going to the Moon? why would I as an investor take money from traders this ugly way? besides all that I don't deal with interest this is why I like PoW coins Monero would've been a coin i'd invest in but I also look at the developer the man said I can give you Masternodes and he did the man said I can have Instant Transactions and he did a man who backs what he says by showing it less talk and more action...what did you're 29 developers say and did? Listen I really don't mind Monero been spammed like it's going to save the World issues 2morrow but don't come to other Ann threads and push it there keep it here no one cares come to other coin Ann threads and it gets annoying. You might want to ask Peter Todd or Greg Maxwell about what they think about the "cryptography" behind your masternodes or instant transactions. Hint: https://twitter.com/petertoddbtc/status/622022840330682368 Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 19, 2015, 07:55:53 AM iCEBREAKER he's name is Eduardo deCastro a known scammer https://hashfastscam.wordpress.com/2014/01/02/scam-starts-at-the-top-with-ceo-of-hashfast/ also trying so hard to push every one else buttons so he can make even more money. Are you saying Monero is a scam? If you are, why don't you try shorting it? Chicken? ;) do not short Monero, or your account will eventually be margin called and you will lose everything. No one here want's to be the last one to give he's money away, what's wrong did you and cryptonaire shorted and worried about losing you're coins. Isn't Monero going to the Moon? why would I as an investor take money from traders this ugly way? besides all that I don't deal with interest this is why I like PoW coins Monero would've been a coin i'd invest in but I also look at the developer the man said I can give you Masternodes and he did the man said I can have Instant Transactions and he did a man who backs what he says by showing it less talk and more action...what did you're 29 developers say and did? Listen I really don't mind Monero been spammed like it's going to save the World issues 2morrow but don't come to other Ann threads and push it there keep it here no one cares come to other coin Ann threads and it gets annoying. We are basically challenging your view. If you think Monero sucks and becomes worthless, pretty much the only thing you can make money out of it is shorting it. Margin calls come if you are wrong and the price starts to rise. But if you are sure enough, you short even more. ;) Yes, this is the best way to lose money becomes Monero is not worthless and will not become worthless but grow bigger and bigger every day. Title: Re: [XMR] The Monero BEAR thread. Post by: Crestington on July 19, 2015, 08:29:36 AM iCEBREAKER he's name is Eduardo deCastro a known scammer https://hashfastscam.wordpress.com/2014/01/02/scam-starts-at-the-top-with-ceo-of-hashfast/ also trying so hard to push every one else buttons so he can make even more money. Are you saying Monero is a scam? If you are, why don't you try shorting it? Chicken? ;) do not short Monero, or your account will eventually be margin called and you will lose everything. No one here want's to be the last one to give he's money away, what's wrong did you and cryptonaire shorted and worried about losing you're coins. Isn't Monero going to the Moon? why would I as an investor take money from traders this ugly way? besides all that I don't deal with interest this is why I like PoW coins Monero would've been a coin i'd invest in but I also look at the developer the man said I can give you Masternodes and he did the man said I can have Instant Transactions and he did a man who backs what he says by showing it less talk and more action...what did you're 29 developers say and did? Listen I really don't mind Monero been spammed like it's going to save the World issues 2morrow but don't come to other Ann threads and push it there keep it here no one cares come to other coin Ann threads and it gets annoying. We are basically challenging your view. If you think Monero sucks and becomes worthless, pretty much the only thing you can make money out of it is shorting it. Margin calls come if you are wrong and the price starts to rise. But if you are sure enough, you short even more. ;) Yes, this is the best way to lose money becomes Monero is not worthless and will not become worthless but grow bigger and bigger every day. Actually it doesn't becomes bigger because it's POW and mining becomes more expensive as more people mine it so you not only have the sell pressure from miners but the ridiculously large Blockchain which you also have to store and pay for. The Monero Blockchain at 3 GB is the second largest Blockchain besides Bitcoin, if it had the same amount of volume, the size would grow at 1-2 GB a month. How about instead of sepnding time spreading useless spam about nothing and no advancement and only go on and on about Dash, that you guys spend some time and figure out how to make the Blockchain permanently under 100 MB via pruning and Proof of Stake, if you guys can do that then I'll rejoice along side you and buy but until then I'm going to wait until price hits maximum velocity and then short it because you can't have a perma-bull in these conditions. Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 19, 2015, 08:41:56 AM iCEBREAKER he's name is Eduardo deCastro a known scammer https://hashfastscam.wordpress.com/2014/01/02/scam-starts-at-the-top-with-ceo-of-hashfast/ also trying so hard to push every one else buttons so he can make even more money. Are you saying Monero is a scam? If you are, why don't you try shorting it? Chicken? ;) do not short Monero, or your account will eventually be margin called and you will lose everything. No one here want's to be the last one to give he's money away, what's wrong did you and cryptonaire shorted and worried about losing you're coins. Isn't Monero going to the Moon? why would I as an investor take money from traders this ugly way? besides all that I don't deal with interest this is why I like PoW coins Monero would've been a coin i'd invest in but I also look at the developer the man said I can give you Masternodes and he did the man said I can have Instant Transactions and he did a man who backs what he says by showing it less talk and more action...what did you're 29 developers say and did? Listen I really don't mind Monero been spammed like it's going to save the World issues 2morrow but don't come to other Ann threads and push it there keep it here no one cares come to other coin Ann threads and it gets annoying. We are basically challenging your view. If you think Monero sucks and becomes worthless, pretty much the only thing you can make money out of it is shorting it. Margin calls come if you are wrong and the price starts to rise. But if you are sure enough, you short even more. ;) Yes, this is the best way to lose money becomes Monero is not worthless and will not become worthless but grow bigger and bigger every day. Actually it doesn't becomes bigger because it's POW and mining becomes more expensive as more people mine it so you not only have the sell pressure from miners but the ridiculously large Blockchain which you also have to store and pay for. The Monero Blockchain at 3 GB is the second largest Blockchain besides Bitcoin, if it had the same amount of volume, the size would grow at 1-2 GB a month. How about instead of sepnding time spreading useless spam about nothing and no advancement and only go on and on about Dash, that you guys spend some time and figure out how to make the Blockchain permanently under 100 MB via pruning and Proof of Stake, if you guys can do that then I'll rejoice along side you and buy but until then I'm going to wait until price hits maximum velocity and then short it because you can't have a perma-bull in these conditions. I am using webwallet called Mymonero so I do not need to care about the blockchain issues. When the price pumps and if it goes to bubble, then probably shorting pays you nicely. Honestly I don't think Monero will go much lower from here (it can do it but every day the bottom formation is stronger and stronger). It basically has only one way and it is up. I am not a permabull guy - I am bull when I see there is higher chances that the price goes up than it goes down. When the situation is the opposite, I change my opinion. Being anything perma is stupid IMO. Title: Re: [XMR] The Monero BEAR thread. Post by: smooth on July 19, 2015, 11:18:57 AM Monero Blockchain at 3 GB is the second largest Blockchain besides Bitcoin, if it had the same amount of volume, the size would grow at 1-2 GB a month. Bitcoin is growing at >2 GB per month so if Monero had the same volume it would grow faster, but only by a small factor (maybe 2-3). Apparently, though, you think 1-2 GB per month is unacceptable so Bitcoin must be a failure in your view. Quote Dash, that you guys spend some time and figure out how to make the Blockchain permanently under 100 MB via pruning Pruning does not reduce the size of the blockchain, only the amount that needs to be stored, unless you throw away information needed to verify it that the blockchain is actually valid. Similar storage optimizations can be done with Monero as well. Quote and Proof of Stake So let me get this straight. The 1st, 2nd, 3rd, and 4th largest coins are all PoW (I'm not counting ripple since I don't really consider it a cryptocurrency, but in any case it isn't PoS), yet somehow you've decided you know better than the market and we all need to switch to PoS. Wonderful. Title: Re: [XMR] The Monero BEAR thread. Post by: Nxtblg on July 19, 2015, 02:20:20 PM A general PSA about short-selling: Short selling is profoundly different than ordinary cash investing. With the latter, you can buy on solid fundamentals and wait for the value to be recognized by the market. Taking this approach as a short-seller is a time-proven way to have your head handed to you. Case in point: back in tha day, my dad saw a hyped-up company and correctly figured out it was riding for a hard fall. He shorted it at ~$8. In the long term, he was absolutely right: it did fall hard. But in the interim, that piece o' garbage got hyped up to >$30 and my dad closed his short with a loss.
Short selling is far more of a trader's game than an investor's game: timing the short sale is crucial. If you short-sell based on lousy fundamentals, you will learn the meaning of the old Irish saying, "No Good Deed Goes Unpunished." That said, I'm more of a Monero bull than a Monero bear - particularly at these prices. I'm writing this PSA to pass along some hard-knock wisdom which applies to short selling in general. PSA out. Title: Re: [XMR] The Monero BEAR thread. Post by: From Above on July 19, 2015, 02:24:39 PM Monero is a VERY good coin! (lol)
~CfA~ Title: Re: [XMR] The Monero BEAR thread. Post by: illodin on July 19, 2015, 07:02:56 PM A general PSA about short-selling: Short selling is profoundly different than ordinary cash investing. With the latter, you can buy on solid fundamentals and wait for the value to be recognized by the market. Taking this approach as a short-seller is a time-proven way to have your head handed to you. Case in point: back in tha day, my dad saw a hyped-up company and correctly figured out it was riding for a hard fall. He shorted it at ~$8. In the long term, he was absolutely right: it did fall hard. But in the interim, that piece o' garbage got hyped up to >$30 and my dad closed his short with a loss. Short selling is far more of a trader's game than an investor's game: timing the short sale is crucial. If you short-sell based on lousy fundamentals, you will learn the meaning of the old Irish saying, "No Good Deed Goes Unpunished." That said, I'm more of a Monero bull than a Monero bear - particularly at these prices. I'm writing this PSA to pass along some hard-knock wisdom which applies to short selling in general. PSA out. And, in a market as illiquid as Poloniex XMR, the whale you borrowed the 10k XMR to short with at 0.002 could place a 10k sell wall at 0.0025 (a Polo insider could calc the exact optimal number) and buy all the coins up to his 0.0025 sell wall and force you to close your short and buy the whales 10k coins at 0.0025. This is probably why some people try to get you to short it. Title: Re: [XMR] The Monero BEAR thread. Post by: Crestington on July 20, 2015, 04:06:31 AM Monero Blockchain at 3 GB is the second largest Blockchain besides Bitcoin, if it had the same amount of volume, the size would grow at 1-2 GB a month. Bitcoin is growing at >2 GB per month so if Monero had the same volume it would grow faster, but only by a small factor (maybe 2-3). Apparently, though, you think 1-2 GB per month is unacceptable so Bitcoin must be a failure in your view. Yes I do and routinely see people complaining about how it takes a week for them to host any kind of node and the costs of running it, this is why I am not hosting a Bitcoin node myself. Quote Quote Dash, that you guys spend some time and figure out how to make the Blockchain permanently under 100 MB via pruning Pruning does not reduce the size of the blockchain, only the amount that needs to be stored, unless you throw away information needed to verify it that the blockchain is actually valid. Similar storage optimizations can be done with Monero as well. Yes and when it can and is being done then I will happily invest in it. Quote Quote and Proof of Stake So let me get this straight. The 1st, 2nd, 3rd, and 4th largest coins are all PoW (I'm not counting ripple since I don't really consider it a cryptocurrency, but in any case it isn't PoS), yet somehow you've decided you know better than the market and we all need to switch to PoS. Wonderful. Yes, and I have been against Proof of Work since I have been a part of Bitcointalk because it's wasteful and drains investment. Bitcoin, LiteCoin and DogeCoin are only secure by it because they have been entrenched so long but does nothing for price and if they were Proof of Stake, everyone would be much better off. If I wanted Coins I would not buy a miner and hope for ROI, I would just buy and trade Coins. Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on July 20, 2015, 09:44:32 AM Monero is a VERY good coin! ~CfA~ Excellent observation. :D ~TcN~ Title: Re: [XMR] The Monero BEAR thread. Post by: TrueCryptonaire on June 21, 2016, 05:07:41 PM Last Time to sell high?? ??? I Say we are going to sub 0.0015 soon Do you think we will go su 0.0015 this year? |
