To anyone saying the charts look similiar to last year, you might want to take a look at the bigger picture (and the XMR/USD chart):  |
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As you can see from the statistics, still a lot of shorts are taken out and mostly placed at the asks in the 305-310k zone. In case it will go down further we'll have at least some additional liquidity to catch the dumps. http://monerodice.pd.to/polo.php |
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Bounced nicely off the 50% fib retracement level. Although, it would've been better if it stayed above that horizontal support zone of 320-330k.  |
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another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
The other purpose (besides fun) is to force up bids, in order to offload the asset. Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand. Worst case, you end up with full bags at the wall price. Win - Win  It will also has the potential to shake out some dumpers, and instigate a few shorts , making the ensuing (assuming) rise more powerful. Waiting. Watching. Exactly what happened, look at the data here: http://monerodice.pd.to/polo.phpRelevant around 00:00 UTC. Compare to the 1 minute chart here: https://bitcoinwisdom.com/markets/poloniex/xmrbtcDo I understand it correctly that a large bid wall is attractive for opening shorts because there is no slippage doing so? The shorter is longer term bearish, but does not want the price to go down by his/her short? Kind of. If the bidwall is about the size you are comfortable with shorting, it is pretty attractive since you can dump without slippage. Thus, you will have an higher base price as opposed to market dumping without a bid wall. However, if the bid wall is too large and real it could work against you. That is, if you dump 20k in a 100k wall and it doesn't pull, it will basically establish a floor. In contrast, if you presume the wall will pull after your dump it is basically the same as the first strategy I mentioned, but less certain. Usually the shorters will dump, in combination with a few ask walls, another (smaller) batch to gain some downwards traction. |
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I'm trying to work out a way to run a Monero node on a portable device.
My Nexus 7 runs Linux, but has too little memory, so I'm trying to run bitmonerod ARMv7 on a 64 GB flash drive, but running into probs and there's only so much time in the day.
My oneplus one phone has excellent hardware, including 64 GB of storage. The problem is how do I run Linux on the phone. Not easy, that's for sure.
What about, as temporary solution, firing up an azure instance with a Monero full node and connect to that? |
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another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
The other purpose (besides fun) is to force up bids, in order to offload the asset. Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand. Worst case, you end up with full bags at the wall price. Win - Win It will also has the potential to shake out some dumpers, and instigate a few shorts , making the ensuing (assuming) rise more powerful. Waiting. Watching. Exactly what happened, look at the data here: http://monerodice.pd.to/polo.phpRelevant around 00:00 UTC. Compare to the 1 minute chart here: https://bitcoinwisdom.com/markets/poloniex/xmrbtc |
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my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money? If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money? Selling XMR to buy back lower doesn't actually generate additional money (fiat wise). For example, if you sold 100 XMR at 1$ and bought 200 back at 0.50$ the total dollar value of your holdings would still be the same. Alternatively, one can use 50$ to buy back the same amount sold and use the additional 50$ for other opportunities. However, not selling in aforementioned situation will almost certainly generate opportunity costs and a decline in total value of holdings. The only way to make additional money (fiat wise) on a declining price is shorting the asset (which is Monero in this case). You make the money by having more Monero when it goes back up again. You can't be sure it goes back up though. |
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my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money? If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money? Selling XMR to buy back lower doesn't actually generate additional money (fiat wise). For example, if you sold 100 XMR at 1$ and bought 200 back at 0.50$ the total dollar value of your holdings would still be the same. Alternatively, one can use 50$ to buy back the same amount sold and use the additional 50$ for other opportunities. However, not selling in aforementioned situation will almost certainly generate opportunity costs and a decline in total value of holdings. The only way to make additional money (fiat wise) on a declining price is shorting the asset (which is Monero in this case). |
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I want to start using Monero crypto currency.
I do not want to install the client.
Is there a paper wallet available or a similar secure option?
Thanks!
I would like to see a full client that runs on Android. I have a phone with more than enough resources to run a node. But as it stands, you need linux or Windows. Monero needs an Android full node app.We should fund a project. I know this isn't exactly what you were looking for, but you could try this: https://github.com/ShenNoether/MiniNeroDroid Release here: https://github.com/ShenNoether/MiniNeroDroid/releases/tag/finalbetaAs far as I can see, you can connect it to a remote node of your liking (could be your own). Perhaps with some tweaks it could be used as full node "app" too. |
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Not a great fan of this The centralization was/is a total issue on BTC, something that might kill the future of the first crypto. Dash is way more distributed. I don't like the idea of someone generating an insane hash rate. Will this impact on total number of Dash minted? A temporary spike in hashrate could result in blocks being pushed out faster and thus temporarily the emission will be somewhat higher. However, on average it shouldn't affect the emission. |
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Vertoe ≠ Kyle Hagan. Kyle's name is on the email sent out in November 2013 and he is one of the original founders.
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There is a guy lending 40.000 XMR for 0.02% knowing polo could be hacked tomorrow, or the admin deciding to go scam
Isnt this just plain stupidity ?
Risking for that kind of dust seems like a poor choice. I chased dust for a bit out of boredom, but really it is not worth the effort. Could also be done to trap shorters. That is, first loan out a substantial amount at a relatively low rate for a short timeframe (e.g. 2 days). These rates will look attractable to shorters and thus many traders will seek the opportunity to short, certainly because we are only slightly below a resistance level. Subsequently, you can offer a similiar size loan at a way higher rate (e.g. 0.2%). The shorter has to either take on this loan to keep his position open or close his position. In addition, the low rates could also be used to get some "fuel" for the next leg up. I use the term "fuel" here because eventually shorters have to close their position and it this is done via market buying it could be classified as "fuel". |
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I don't get the need for panic here, as long as the horizontal support (320-330k) holds the trend is doing just fine. Trendlines break all the time and that doesn't necessarily result in a reversion of the trend. Subsequently, a new trendline gets found. Furthermore, they are kind of subjective, whereas horizontal supports are much more clear and thus objective in my opinion.
Also, if it really were people shorting they have to buy back at some point, which increases liquidity.
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If it weren't for a plethora of scam coins fooling newbies/newcomers and even guys with 2-3 year experience in cryptos, XMR would have had enjoyed lofty high valuations even now. It's a shame that money is always tied up chasing bad decisions and investments, crypto or otherwise.
What I don't understand is where are all the people who lost money on P&Ds? Why do we never hear from them? The problem right now is I only read in this Altcoin Discussion forum about how excited people are about having bought some altcoins low and selling them for multi-baggers. I don't ever hear from the people who lost money. Where are they? Where did they go? Without the sordid stories from the losers, everyone thinks it is silly to not try to get rich quick. Post of the Week right there. Fascinating topic. Some of it is due to the power of the anonymity of an internet forum. People simply don't interact here in the same way they would in a localized, less anonymous environment. Related to that, I suspect that people assume it negatively impacts their credibility when they admit to making mistakes about backing the wrong horse. There is no real incentive to admitting one made a mistake, especially if that makes other statements one makes (anonymously) less well-received. There may also be an element of something like a selection bias. If you're currently holding a bag, it's easy to believe that it's about to turn around. My guess, which is pure projection because I've done this, is that you keep holding some coin on which you're way underwater, not because you believe the hype you believed when you bought it, but because you HOPE for that hype to take hold again, if even for a day, so you can get out with less pain. If you haven't sold at a loss and realized those losses, again, there may be no self-admission that it's a bag you're holding. Finally, I think it's REALLY EASY to be infected by a common problem among gamblers and speculators. When you're successful, it's because you're smart. When you are not successful, it's because you were unlucky or it's due to manipulation. So our "winning" trades are due to our brilliance, which we will shout to the rooftops. Our "losing" trades are just bad luck and not worth mentioning. That totally happens IRL, as well. This would be a great thread for the Alt Discussion board! Most of bolded is explained by the dispostion effect. https://en.wikipedia.org/wiki/Disposition_effectInteresting biases/theories that are related to this are the endownment effect and prospect theory. All boil down to behavioral finance, which is in my opinion an interesting subject. |
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