Lol Price don't move so its a good reason to talk anything else than "to to moon" "btc is dead" "sell" "buy" "fomo" "$800" "$1500" Not sure a post THAT long is justified  I confess I find pages are way faster to catch up on if you ignore one or two posters here. |
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gold underpins lots of electronics and aerospace parts among other things. i still have absolutely no desire to own any.
why isn't this roach guy on a precious metal forum instead?
I wish he would go and take his sickening anti-semitic neo-nazi nutcase propaganda with him. |
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i think when the big altcoins like dash or eth go down + bitcoin
monero gets its attention
I also am interested in this theory. It does seem to hold fairly well recently and over time. I think it is a reasonable speculation that when this altcoin bubble bursts monero may benefit but it's a little tricky because monero is also an Alt... so I also think we have to consider the possibility that instead of going up it holds its value. In fact I think we may be seeing that now. XMR is looking extremely good just now - we are holding up in the high $21.XX area. A sea of red on Polo and as I type, a little green for us. (scary picture) Pictures of that ugly thing make me shudder, I don't mind memes, but... must you?!! |
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i think when the big altcoins like dash or eth go down + bitcoin
monero gets its attention
I also am interested in this theory. It does seem to hold fairly well recently and over time. I think it is a reasonable speculation that when this altcoin bubble bursts monero may benefit but it's a little tricky because monero is also an Alt... so I also think we have to consider the possibility that instead of going up it holds its value. In fact I think we may be seeing that now. XMR is looking extremely good just now - we are holding up in the high $21.XX area. A sea of red on Polo and as I type, a little green for us. |
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You are convinced the fork is inevitable? I think even the possibility is destabilising - but with BTC at this price, it seems to not be priced in, indicating IMO that it is not thought to be definite by the market.
I am not saying you're wrong, but I wonder how you feel it's a done deal it will happen.
I am not privy to private dealings between the players. I am only looking at the exoteric game. I can't see any way in which miners can be incentivized to stay with core, in the current political environment. They will vote to maximize their utility under discounting, and that seems clearly to mean BTU. The fact that ETC + ETH was profitable is a strong reinforcer. I am inclined to buy BTU futures below 200USD. And yes, that's a very binary bet, but at 5:1 it is pretty compelling, I think. Interesting, and thanks for this - but personally I can't see a contentious fork doing anything other than damage to BTC. I am unsure it is comparable to ETH / ETC and that the split will be necessarily profitable, because of the 'only 21m coins ever' will (to the outside world and MSM) look like a broken promise. Also the forkopalypse will be potentially catastrophic to the whole market as former 'certainties' may seem so undermined as to see a flight of capital away from crypto - certainly at least while the split disrupts things. 5:1 is possible, but it's nowhere near that in ETH / ETC (now) and the reputational damage might possibly make the split coin values add up to less than the value of the one BTC pre-split. I was surprised you seemed so sure, but I do see what you mean and will adjust my risk assessment. If you're right, of course I hope it does benefit XMR. The market will adjust to BTC losing it's unassailable right to be the majority of the crypto market cap, yes, but only a few coins can really benefit - and being 'BTC-alike' will not help any coin wishing to position itself as a contender, which in theory means XMR is extremely well placed; hopefully like Mo Farah at back of the leading group of runners keeping calm, waiting for the perfect moment to power up to the front and take the lead. We live in interesting times. |
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BTC mempool size has crashed since February. Smoothed xns/day is trending down. It seems clear that the tight hold on BTC is increasing. Come the fork, you may have a hard time finding anyone willing to spend BTC for a couple of weeks at least.
I am increasingly convinced that this will spike XMR. How else can you buy fentanyl on alphabay? Opiates are the quintessence of an inelastic demand driver - just ask Stringer Bell. Methinks I should go all-in again.
You are convinced the fork is inevitable? I think even the possibility is destabilising - but with BTC at this price, it seems to not be priced in, indicating IMO that it is not thought to be definite by the market. I am not saying you're wrong, but I wonder how you feel it's a done deal it will happen. |
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Top of pennant on xmr. Could be a nice reshort. I have begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.
Depends on what you think of BTC. It's the big factor in alt prices. Normally XMR goes down on BTC rises, this time XMR has not lost $ value. Good luck, but be careful, eh? I am not sure you will make on shorting XMR right now Even if this hits 185 and i get sl, I still make bitcoin. But so far i reshorted at 185-183 and now it is 177 again. More green, more btc for me. I think there is still room for 1250 btc bull fakeout which could mean a realization of my low 0.016 and at least low 0.017 for xmr. Who knows, long term trend line has 0.012 xmr correction, and similar harsh drops for all alts maid to 10k fct to 20 eth could drop to $30. I am short on all of them. Only alt that I think has completed a deeper retrace is ripple from 7k to 2k. Dont get me wrong. I am a monero bag holder, maid bag holder 7k etc but they have all had brilliant runs this year and as a result have room to correct a midst a btc bull run so it seems only logical to day trade these spot holdings to make more btc. EDIT: 175 Yes we have broken down on xmr and broken up on btc. I expect the destruction of this pennant and sub 0.017 today. You obviously are well informed enough to make your call. Fair enough. Personally I am happy XMR to be holding a $20 plus price. BTC looks overpriced to me, but you bet on it if you're sure, eh? |
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In other news...
BTC at 1135 and Honeypony is rising like it doesn't give a shit.
Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.
Something afoot?
Keep an eye, this is not a move I expected with BTC so bullish.
BTC lending rates dropped by half (<0.12%) so more margin longs? A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin. And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over. I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there... Sure, but you can be more willing to lend if you are holding BTC and either think the second coin won't happen or will quickly become worthless (or just very low value). The current rates of about 0.1% per day is still a quite profitable return for BTC longs. 1/2-1% per week or so. Lower rates implies less likelihood of a fork, since lending risks (as you said) mean not getting your (admittedly possibly worthless) 'bonus' coins and the scary damage of a fork to price. However, a chain fork will not necessarily mean an ETH style 1+1 = >2, it will more likely see an unnerving doubt becoming prevalent over BTC. Full stop. Markets dislike uncertainty. Any split will mean stasis over trading - everyone will hold in their wallets and wait. Lower rates also means demand to borrow is low, which makes sense. BTC cannot climb to new ATH while this shit is still unresolved (although I do think Core will probably win). I am happy to be overexposed to Monero right now, I hope I am not alone |
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In other news...
BTC at 1135 and Honeypony is rising like it doesn't give a shit.
Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.
Something afoot?
Keep an eye, this is not a move I expected with BTC so bullish.
BTC lending rates dropped by half (<0.12%) so more margin longs? A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin. And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over. I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there... |
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Top of pennant on xmr. Could be a nice reshort. I have begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.
Depends on what you think of BTC. It's the big factor in alt prices. Normally XMR goes down on BTC rises, this time XMR has not lost $ value. Good luck, but be careful, eh? I am not sure you will make on shorting XMR right now |
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...
BTC lending rates dropped by half (<0.12%) so more margin longs?
One can borrow DASH at a lending rate of approximately one third of that for XBT. Cryptocurrency on margin is a an extremely high risk business and not for the faint of heart. Yes, but the lending rates do tell a story... EDIT: Monero rate holding its own - $21 suggests strength against a rising BTC. This is pent up demand. If BTC drops (and I think it will) we are well set. EDIT 2: XRP down 35%, Dash is 'over', ETH down 10%... Monero: holding well. I am becoming quietly confident the smart money is coming home. |
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In other news...
BTC at 1135 and Honeypony is rising like it doesn't give a shit.
Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.
Something afoot?
Keep an eye, this is not a move I expected with BTC so bullish.
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Hey guys,
Ready for some action?
Cheers,
MasterTrader777
NEM follower? Quite a rare tag  Damn, I got 'Litecoin professional' I hold zero LTC. I was hoping for a more interesting one than that! Had my fingers crossed for XMR fanboy At least you didn't get "Dash flunky". LOL - true, I would have had to hide away for 24 hours.... |
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Fantastic Aminorex post.
He does raise the tone, doesn't he. I am still digesting it. Looks like I am light on physical PMs and Chilean farmland. Better get Googling! |
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Hey guys,
Ready for some action?
Cheers,
MasterTrader777
NEM follower? Quite a rare tag Damn, I got 'Litecoin professional' I hold zero LTC. I was hoping for a more interesting one than that! Had my fingers crossed for XMR fanboy |
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Hey guys,
Ready for some action?
Cheers,
MasterTrader777
NEM follower? Quite a rare tag |
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$1500 In Juni is doable?
$4000 no more than $2000, still problems with block size and China Nah, we've had problems with China and blocksize for years, still price went up, we are on the cusp of a massive price bubble. Nah - it's bouncing around struggling to get over 1050 convincingly - hence switching in and out of alts. That's all. |
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Ladies and Gent's, come on, give me a brake! If Risto wants to promote a game where the initial trading was made with XMR and now shifting to his own currency so what. Risto made, maybe a not so small, era of PR towards XMR and is now promoting his own babe, probably the most of us would do the same. If it his way to independency, please let him, and i still appreciate his posts and comments, made me join XMR, as others in here also. So stop beeing rude and just enjoy the day   I concur - Risto has done a lot for XMR and therefore earned the right to some leeway, and a tad more respect. He is one of the reasons I am here, too. |
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$1500 In Juni is doable?
$4000 Sir Isaac has spoken. But not in Latin |
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and if we could get Richy_T back with his rage quitting Chartbuddy
ChartBuddy is alive and well over at That Other Place. Illustrating Bitcoin walls on an hourly basis, as ever. But you knew that already. He could always turn up here under a new name like say ChartPotleaf and carry on posting. |
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