Right now Monero is paying higher interest rate than bitcoin. This makes XMR pretty attractive investment opportunity compared with btc. You get 0.12 % per day for btc but 0.19 for XMR these days. The difference in interest rates indicates a bull run of XMR that will take place after this weak hand shaking.
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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 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 If you do not sell your Moneros too early you might be able to quit your job soonero TM.
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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. I agree with this. Now is excellent opportunity to jump in as we got this occasional dip.
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Open up your butterfly nets - the skies are pouring out goodness! Let's embrace this rain before thunderstorm and lightings of green candles.
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So you are basically predicting volatility. I speculate also some volatility, now it probably rests a few days before creates a rock solid base for launching the next rocket to new orbit which is the high of 2015.
The interest rates in leding markets have dropped which indicates there are some shorts closed now but still there are open shorts so probably nothing drastic will happen to the downside but a slight dumps might take place before we have established the base probably somewhere close to 0.0034'ish.
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Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.
More scared of losing money than they are of losing their freedom? Questionable. Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher. The very fact of adoption creates volatility. Nobody minds upside volatility. I feel like shorters wouldn't like it that much. We don't acknowledge those types of people here I on my behalf acknowledge them since they pay me well. I am happy to help them with their aspirations.
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Looking into the future, events almost never play out the way they think we will. Sometimes things turn out better, sometimes worse, but often they play out in unexpected ways.
Totally subscribe that. Everytime somebody does a prediction, I know automatically is cancelled to happen. The more people predicting something, the more the reality blends into unexpected outputs. Bubbles always happen when nobody expect them. The overexpected halving x2 price won´t happen. You can mark my words. It would be or way more north than 800$/BTC or 400 stagnated and/or sunk. I would say the most improbable mix of both. The block halfing in btc is irrelevant given the trading volumes vs. the amount the emission is cut. After all, the supply of btc gets cut by like 1800 btc a day.
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I think things will get interesting when XMR starts to have a strong support at ATH... That's pretty much a launch for a bull market (breaking previous ATH is needed for a legitimate long term bull market). If that's done, nobody really knows how high Monero will end up eventually, and it will attract also people outside to start buying coins with fiat.
You know the ATH was just over 0.01 during the pre MintPal pump. That's right. I sold in that pump the coins I initially bought in late May/early June 2014. I think that pump was the only moment I had like 0 XMR, after that I sold and rebought several times but not all-in/all-out style.
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I put around 300 XMR at 0.900 % and once again it was taken...
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I think things will get interesting when XMR starts to have a strong support at ATH... That's pretty much a launch for a bull market (breaking previous ATH is needed for a legitimate long term bull market). If that's done, nobody really knows how high Monero will end up eventually, and it will attract also people outside to start buying coins with fiat.
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Yes I wonder who the heck is taking the risk to short XMR at these levels. I hope there will be some market makers also at spot + 20 % to give liquidity in case of margin calls. The good thing however is that the margin call is only partial usually. For instance, if your collateral is worth of 19 %, then the margin call sells as many coins as the needed to get to the minimum level (it doesn't close the whole position immediately - only the part that is below the minimum level).
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Lending rates (to short) up to 0.2% now.
I was able to lend for 0.900 % a decent stash of Moneros. Interests are accumulating like crazy.
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It is important not to lend for too low rate, I guess there are takers for 1 % loans when green candles start to appear.
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Can you tell my why in this thread always post the same 3-4 posters??
Because Monero is a pyramid ponzi scheme scam. Get out before 666666k XMR dump on you! Thanks for the warning klee, got out not a moment too soon. 0.00972 You guys always can borrow some Moneros from me to dump on the markets at 1.00 % per day, perhaps within 60 days you are able to collect the coins from other bears. Miners do not have that many coins coming for sale as there barely is some sort of block reward and it is getting squeezed even from current levels every day.
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I increased my lending rates close to 1 % per day.
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Can you tell my why in this thread always post the same 3-4 posters??
I browsed this and the previous page and found 8 regular posters and a lot of random posters. I have no idea from where did you get the idea only 3-4 are posting here..?
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I wonder when we run out of dumpers... Mining do not produce more than 9800 coins per day so the mining is not the source of dumping we have been seen. Obviously some bigger guys need to dump their precious gem stones on the market after green days causing some bloodish candles. I hope there are spirit of soldiers to tackle the dumpers and teach them a lesson and pump it even higher after a dump.
Here goes. Lent a large portion of my lending coins again for that dump, at a nice rate. And now the book finally starts moving up with the price, so lesson incoming, I think. Hope I get my coins back It is very unlikely that you lose your coins. Even less likely to lose them completely because there is a collateral. A black swan event obviously might occur and wipe the lenders out completely, I hope it will not happen but it is possible always. However, the price is pretty close to the big resistance point which might create Monero denominated liquidity into the ask books. Personally I am not contributing to Monero liquidity at this point but I think conservative market makers such as Aminorex.
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There are basically two reasons why you might want to dump:
1) You have 0 faith in the coin and want to get rid off your coins asap. 2) Manipulation and trying to create panic and lower entry points
If you are a legitimate seller you want to set up a sell wall near the market and waite until the bulls will nibble it piece by piece. This is pretty easy to do when we see these green candles taking over the markets.
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I wonder when we run out of dumpers... Mining do not produce more than 9800 coins per day so the mining is not the source of dumping we have been seen. Obviously some bigger guys need to dump their precious gem stones on the market after green days causing some bloodish candles. I hope there are spirit of soldiers to tackle the dumpers and teach them a lesson and pump it even higher after a dump.
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Usually green candles increase the rates. The increase in the number of short positions is a bullish sign - after all the shorts need to be covered, and not just the principal but also the interest which will help Monero in the future at the cost of today's resistance. Also the current spot buyers probably get a good deal when the shorters bring liquidity to them. That will create a business opportunity to Monero OTC sellers: price your sells at spot + 15 % premium, then just buy the coins from exchange for spot + 5 % by placing a big buy wall to which the shorters will dump and try to recover perhaps at spot or a bit below.
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