A whale is always a little bit bigger than you so it keeps you buying the coin all the time.  |
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Yes, the song tells the business idea of this in pretty simple terms. The idea is to find "underpriced" coin and convince others to buy the shit load from yourself at higher price. |
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Perhaps you could make a Monero Bagholder blues (inspirarion: https://www.youtube.com/watch?v=CmAPw7QkTpA ).  And the other piece of music a rock'n'roll style for times like these of green dildos so we have music vids for both extremes: Pumps and dumps. |
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Always remember that polo takes 15% of lending profits, so your real rate is 85% of the rate you specify.
I am unaware if Polo takes a chunk of profits? It is in their terms of use. As far as "default insurance", they do not promise to back up losses. Some have suggested they might do so to avoid bad publicity, but that is just speculation. I found it (kinda hidden and that did not appear there when I initially started lending if I am not mistaken). The bad: I need to pay some of my profits. The good: Polo has no incentive to manipulate the rates down. Here is the only music vid that has been made on XMR https://www.youtube.com/watch?v=2ofpaF5pkE8there is also this one: https://www.youtube.com/watch?v=bV5TrmjEK8cDefinetely more of the music vids are welcome, they are great also for promoting... Any vids that can even partially go viral is an excellent matter of marketing for mass adoption. |
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Always remember that polo takes 15% of lending profits, so your real rate is 85% of the rate you specify.
I am unaware if Polo takes a chunk of profits? It is in their terms of use. As far as "default insurance", they do not promise to back up losses. Some have suggested they might do so to avoid bad publicity, but that is just speculation. I found it (kinda hidden and that did not appear there when I initially started lending if I am not mistaken). The bad: I need to pay some of my profits. The good: Polo has no incentive to manipulate the rates down. Here is the only music vid that has been made on XMR https://www.youtube.com/watch?v=2ofpaF5pkE8 |
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So is it possible to use XMR in a manner that person A promises to pay to person B x amount, and as a proof of funds person A sends coins to the network but in a manner that person B sees it as peding deposit (and person A has pending/reserved withdrawal). Once person B has delivered his duty towards person A, person A redeems the payment?
Yes. Hint: viewkey. Actually yes, did not think this from that perspective. I was too fixed with thinking viewkey being only for the regulators to show your honesty in your business. Thank you for the hint.  |
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The price is around 0.004 bitcoin now. I suspect the price could rise to 0.006 in the next few months or even weeks.
That is certainly possible and I think the .01 level is reachable as well, especially once the GUI is out. That said, I think the days of pricing alts and Cryptos in BTC is going to come to an end. We should start looking at things in terms of USD or local currencies and for many reasons. BTC is in an explosive triangle right now, near the end of it. If it breaks up, perhaps the alts follow. I think Monero has a valuation this year of between $3 and $5, perhaps more, but there are so many factors involved. .... unfortunately i can not agree with this argument.... Take a look at the BTC industry with for example miners built by some cooperations, investing certain ammounts to prosper from the system (<- the believe). Take a look at exchanges rating BTC as their anchor currency. Nearly every market, wether dark or not, is based on BTC. We can discuss about BTC or BTCclassic, but BTC as a business will not die. I believe altcoins like Monero will catch up their position and will compete, maybe overtake BTC by 2020, but BTC has a very strong stake and argument in the community and society. And honestly, trading is based on the believe of worth for virtualities which by them selfs have absolutely no worth. So this implicates, if people believe in the worth of something, than this something will gain worth and vice versa. If you want to destroy the worth of a virtual something, than you have to destroy the believe in it (like massmedia does the whole time on BTC) Quite simply, if BTC does explode up, I just don't see the alts following (unless their is utility or feverish speculation, which is possible once the public catch on.) If BTC suddenly goes to 1200 USD, does that mean XMR, ETH, etc. all go up app 3X in value as well?Time will tell. To analyze this there need to consider a few factors such as what percentage of coins are in weak and shaky hands who sell in need of money to pay rent and utilities. The other factor to consider is the emission which will be instadumped. If this is high the chance of increasing the market cap obviously is low. I think a big part of the demand of BTC is derived from alt markets. Many are buying bitcoin simply to buy altcoins nothing else. In general, investing in projects that are small in the beginning and the fundamentals (including sufficient funding being it with generous donations or some kind of IPO/ICO with a credible method of payment to the developers). There would be many other alts that had been succeed if they had some kind of funding system that pays to the developers after something has been delivered, not before. |
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So is it possible to use XMR in a manner that person A promises to pay to person B x amount, and as a proof of funds person A sends coins to the network but in a manner that person B sees it as peding deposit (and person A has pending/reserved withdrawal). Once person B has delivered his duty towards person A, person A redeems the payment?
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Need a Gui wallet  Is the Light wallet safe, because i donīt trust MyMonero? Thx I speculate the wallet is pretty much ready but they want to postpone it a little... It would be cool to get it out on the second anniversary. |
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Some people might have been margin called (or voluntarily took the losses).
I put those coins to the markets for 2.00 % per day.
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When it comes to Monero's market price i think it would have died off hard long ago..
If it was not for a certain Millionaire who has poured money into this project.
It's even gotten to the point where he is controlling the coin.
He also bought a massive shitload to fuel the fire long ago then had kept donating to it.
If it was not for reptiela pouring money all over the fire this would have burned out and went into obscurity long ago.
I also agree with kelsey (no surprise)
That's true and I agree. Actually the involvement of Rpietila made me also investing there - if he is participating in the project it has chance to succeed (I personally know his track record and trust the ventures he is investing and developing despite I do not agree with him in politics and religious issues). The deep involvment of talents and money is certainly bullish sign and therefore I want to participate as well in the rally. Only invest in projects that has some chances to succeed otherwise you end up failing time after time. |
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Always remember that polo takes 15% of lending profits, so your real rate is 85% of the rate you specify.
I am unaware if Polo takes a chunk of profits? |
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Good job devs, thank you for your hard work. I went and bought more Monero after the successful fork.
Thank you Primer as well for supporting the network. You are earning your pay and we appreciate it. Monero is real money and we believe in free markets, so you are free to do anything you want with your Moneros that you get for this service you provide us. Your selling them actually helps the community to grow by distributing coins and keeping prices reasonable for others to buy in.
Most of those who were borrowing my coins to short have covered now sadly. Still a few open, and the .5 to .9% interest is amazing. I have decided I will not lend at .1% anymore, my minimum now is .5%, and I will only lend some there, the rest will be at 1% or higher. I had some coins lent at .1% when it spiked up ,and as a result I wasnt able to get them out on loan at much higher rates. Its better to loan at 1% for a couple days than it is to loan at .1% for a couple weeks. We should all do this as it increases our Monero income and creates buying pressure, as shorts must buy to pay interest.
This community is top notch and very skilled. Not having a GUI for almost 2 years was a great choice, it attracted the technical gurus to the community while keeping Monero away from the get rich quick people, while the devs worked to continuously improve Monero.
Curious, is this a taxed thing? Since it is in Crypto and paid in Crypto, it needn't be claimed on taxes? They are free monero. When I eventually sell them I'll pay taxes. That was my understanding since they never touch USD. Excuse my math but what is the return on .5% over 1 month for X Monero? (Maybe a cumulative calculator link? lol) 30*.5 % =15.0 % |
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Next milestone: To leave Dogecoin behind.
Next milestone: All-time high. Leaving Doge will be prior to that. |
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Lending rates are nuts I am still bullish and lending my xmr. Rates appear unchanged at < 0.1%. I just checked, and none of my fine offers above that have been taken, so still waiting for 'nuts' again. On the flip side, none of my 1%ers were returned while I slept either, so I'm still oh yes now its lower but i was lending at 0.4% last days, i am ok with that rate  I've got one loan still outsanding at 0.900 % daily rate and accumulated a lot of interest payment. If Aminorex is keeping on good work for giving markets for shorters, there will be a hefty demand for Moneros only from this coin.... Therefore I would not be too worried about the demand for Moneros - the worst case scenario the only demand is derived from these loans and pushes the price even further bullish trend. I wish the shorter will increase his/her collateral so that the loan stays open as long as possible. |
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Next milestone: To leave Dogecoin behind.
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Looks like the markets start to roar again. Bitcoins in the bids are piling up. We are probably soon about to start a preparation for the next leg up which should take place sooneroTM.
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At a guess, price stabilizes near 340, short term, drifts towards 325 and range trades until the next influx.
If I am interpreting the book correctly, there should be two more jump cycles before our new friend is full, and the price will stabilize north of 400 (conservatively) in about a week.
Okay, I said drift down to 32 handle, and it was actually a jump, so I was wrong on that, but yeah, all the stuff I predicted a few pages back worked out, basically as described, so far. Now to range trade for a while, and then more BTC comes in, and levels the price up, ultimately through a 40 handle. I might be starting to get the hang of the crypto markets. Historically I have found them very hard to predict, as compared to larger markets, but I'm rather pleased with the accuracy of this particular estimation. So far I have a winning streak of length 1. Not that anyone will believe my predictions. I don't even believe them. If people believed them, they would front run them, thus breaking them.
Your predictions can be trusted indeed. If you are really bullish on XMR without further reasoning, it will crash like in 2-3 hrs or so minimum with flash crash. |
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Expect Monero to reach 0.005 sometime before April. Where it goes from there is dependent on development variables.
Still in operation. Interesting to watch the gyrations on the order book (poloniex). ~300 BTC pulled from bids (or filled?) while I slept, and 100K+ XMR removed from offered loans. I had none repaid (.5 - 1%) with this dip (yay ), and there are still significant amounts available below that level. I spend way too much time watching this stuff. Good thing I've got a job starting up next week  Pretty bizarre day. Now there is a 360 BTC sell wall at .00381. I'd guess somebody wants to accumulate under .0030. Pretty blatant attempt to push price down. And, actually, I'm good with that. I'll buy more. I doubt it will go that low though.. IMO the current price is pretty much the new bottom (give or take)... But as this is microspeculation - will Monero cost 1.41 usd or 1.37 usd - the chances of going below 0.003 are certainly something (I speculate perhaps 10-20 % given the number of expensive outstanding short positions which probably will be covered over there if it will ever be reached anymore so the competition is quite drastic at these lower price points). |
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