Who is this guy? Why do you post him as a reliable source of info?
He's Marketwatch reporter who specialises in ETFs. That makes him a rather more reliable source of information than me. Okay ive just checked him. But i still dont believe that the decision will be given today to the public Heh If the decision is made why would it not be announced? |
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Who is this guy? Why do you post him as a reliable source of info?
He's Marketwatch reporter who specialises in ETFs. That makes him a rather more reliable source of information than me. Makes sense - looks like as good as we'll get and assuming it's true it will make for an interesting weekend... |
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Reading this thread seems to be one of the best ways of finding out what's going on. I noticed a day after someone posts some news here story's about it start appearing on the crypto news websites. It's almost as if their author's read the latest news in this thread, then write an article about it.
In general I find Reddit far, far more news savvy than here. There are often lengthy threads there on subjects that haven't even been mentioned anywhere on here yet. This one bit of news though won't be slipping by. Plus volume is just noise a lot of the time - $300 million coming along to BUY is another story entirely....
Who came up with this figure and who are they? If it's 300 million going into ETFs then that's money that never sees this market. If it's 300 million of professional speculator money looking to join in, professional speculators don't initiate pumps. They prey on them. I thought if that much money comes into the ETF they have to buy more BTC to balance the fund's assets with the underlying commodity |
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I was wrong. It's gone up more than 5%. But hey, its up. I'm happy I was wrong. Lets see if there will be profit taking from the insiders?
Yep in a nimute - with 5,000 BTC on stamp. Now imagine that $300 million.... And Just so you know - the 20 billion is based on ALL THE COINS at the current price. But all the coins are NOT on the market. They aren't - a percentage is. If 5,000 BTC can do that 5% move you didn't think possible - what do you think even the rumour of $300 million 'coming soon' would do? Plus volume is just noise a lot of the time - $300 million coming along to BUY is another story entirely.... |
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Price will hardly move beyond +/-5% change in either direction after announcement. Market will forget it in just 2 days whatever this decision is and will focus again on blah-blah like blocksize and hard forks.
You are way off in your last few comments and if you are interested in making a bet I will give you 2:1 odds on the market not moving 10% up/down after the first 24 hours. Will also make a bet with you on it going below $1000 if not approved. If you really believe what you are writing just PM me and we can set something up. Becoin, he's right - don't take the bet. 5% is daily change of no great import, it could even be considered 'normal'. The ETF is a big deal - it's not a 5% moment. EDIT: I don't disagree with you that the Block size / HF debate is the 'elephant in the room'. |
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3 days of fear
Could be, but it's either today by just around 5.00pm EST, or on Monday - depending on how you interpret the rules on a Saturday deadline. It's a Saturday as it was set up as deadline for a definite decision of 'X months from Y date' but the rule book seems to say 'if it falls on a weekend or holiday, then the next business day' - I have had someone point out that this depends on the application 'type' - so it is not clear `and I am clueless. Keep an eye til NYC is past 6.00 today and if it ain't announced, then start watching again on Monday 9.00am their time. |
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If we don't hear anything by the close of today there will be a lot of confusion.
What about Monday? Well if we haven't heard anything by end of Monday it's auto approval surely. My point is there are a lot of people who think it's today. Therefore, if we hear nothing by the end of today certain people will think it's been approved. As far as I am aware it's Monday 11pm GMT deadline. 5-6pm EST (or there abouts) Waiting until Monday evening? I'm on GMT.... ugh. I reckon today. At least no new fiat can get in until Monday (if it's a 'yes' and comes today). That said, a 'no' today will mean a deeper dip for the same reason. Faites vox jeux, mes amis...Hopefully by 11pm GMT then Kurious. Celebrate of commiserate with a beer my friend. I won't be in a pub, I will probably be glued to a screen at home, so it will be wine. A rather fine red, if it's approved. If not, the white cooking wine from the fridge  |
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If ETH will approve we will jump in 1-2 days to 1500$ for sure.
Only 300 million dollars are expected to enter this ETF during first week if approved. Certainly, not enough to drive bitcoin market cap 20% up. $300m in a week is way more than enough to drive the price up 20%. The amount of BTC traded is a tiny fraction of the market cap. That would be huge. |
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If we don't hear anything by the close of today there will be a lot of confusion.
What about Monday? Well if we haven't heard anything by end of Monday it's auto approval surely. My point is there are a lot of people who think it's today. Therefore, if we hear nothing by the end of today certain people will think it's been approved. As far as I am aware it's Monday 11pm GMT deadline. 5-6pm EST (or there abouts) Waiting until Monday evening? I'm on GMT.... ugh. I reckon today. At least no new fiat can get in until Monday (if it's a 'yes' and comes today). That said, a 'no' today will mean a deeper dip for the same reason. Faites vox jeux, mes amis... |
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BTW, why they pump Dark coin?  Stop asking that question here... move over the the Darkcoin Threads  Nice one, nano. Succinct as always. You been ok? Not seen you post lately. |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Have you suggested monero to your local bankers? If so, what was the response? If not, why haven't you? I send an email to local one, not yet answer. I do not hold my breath they will start one because I asked. However, there is such a thing as repetition. The more there are people asking the more likely something is going to happen. How disappointing. And here I thought you were serious. Why send an email when you can visit your local bankers and speak with them directly....even if it is just the branch manager? Because he he neither understands, nor truly believes in Monero, he is just a speculator who has made some money off it, but is pissed off it's not still appreciating at 2,500% a year. Besides, if there was anyone worth talking to who was prepared to talk to him, would you really want him representing Monero? His posts are peppered with 'let's pump' and 'illegal uses / darknet' and 'why are we not doing what D*** is?' With friends like this.... |
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I hate to say it, but it's not a given it will be approved.
I think it's 50/50. So although I may be told I am a fool, I am not 'all in' - I have cashed in my trading stash in (keeping cold store untouched) and left the fiat on exchange.
I think approval means volatility, so I can trade any swings, or even just get the fiat out and treat myself if it runs away, price wise.
However: If, as I think is realistic, it is a 'no' - then (given the high expectations in the CC community) there will certainly be a dip and I will be able to buy it. I have my bids placed.
I hope I am wrong, but I feel better knowing either way I will be better off overall.
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have you noticed how strong kraken/€ is getting lately?
currently it has surpassed bitstamp, okcoin and btcchina in daily volume. it also seems more volatile than the other exchanges.
does anybody have a clue why?
I suspect Europeans and especially those based in the UK like to trade in Euros. Even in the UK if you cash out on Stamp, you have to lose a lot in charges to get it sent by SEPA (in €) to then arrive at your bank in € and finally be turned into GBP - which has a cost, too. I can cost up to $80 just to get a couple of BTC worth of cash to a UK Bank from BTC on stamp. It's the first time a genuinely liquid € exchange has been out there and there are a lot of Europeans (far more than the population of the USA) living in what is a shaky and uncertain continent who need BTC too. |
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Volume on buy side increasing on Polo/ D-coin is only 200 BTC ahead on daily volume, let's see if we can return to more normal levels... XMR is WAY oversold, about time for an upwards correction |
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As Coindesk articles go, it's not too bad: "Privacy has become an important consideration in blockchain protocols and old and new networks alike are establishing themselves at the forefront of the field. While some may have sidelined monero as a legacy cryptocurrency, enthusiastic developers like Riccardo Spagni remain evangelistic toward monero and continue to champion its potential, 2016 metrics and current market cap standing in 2017. Monero now has the sixth largest market cap in the cryptocurrency space, one position above ethereum classic and $20m away from eclipsing litecoin. Developers like Spagni continue to emphasize the sizable increases in monero’s transactional growth over its price, which peaked around $14 in early Q3 2016. The presumptive explanation for renewed interest in monero is arguably the cultural shift towards privacy on the blockchain, a foundational element of the monero protocol. Monero’s uniqueness comes from its implementation of a cryptographic tool known as ‘ring signatures’ that allow users to send and receive funds without the transaction details being revealed on the blockchain." I can live with that |
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If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).
Gold is being mined all the time - it is rare (on earth) but more will be found, or could be extracted. Bitcoin is finite, yes - unless it forks into two 'Bitcoins' over problems which Monero solves.... Monero solves the problem of miners having no incentive to secure the network once all coins are mined, by having a low 'tail emission' which is minimal, but enough to allow for lost coins and the miner / security problem. To simply say Monero has infinite supply is a little simplistic - as is suggesting we all go to our local bank branch and suggest a Monero ETF to the teller behind the window. Please think before you type, if you wish people coming here to see that Monero holders are intelligent and think of their coin positively? |
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monero will go long down, the bottom at 0.007 then bounce up
I doubt it would go that low. I'd doubt there will be any dips below $10 USD unless there are any flaws or bugs, etc found that is right. Any price below $7 to 10 is good to buy. Monero has some actual usage. Below $7? Won't happen without a black swan event. |
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Movement averages. This movement will continue for the rest of the week like i said a week ago. No major dumps or pumps this week. I have foreseen this movement. Untill ETF ,that will be the game changer. Rejected is moving to 950 EUR. Aproved is to new ATH. On the charts we can see an solid bottom at 950 EUR. This is just my opinion please dont burn me.
Rejected = 800$ Approved = 2000$ Am inclined to agree. Am placing low bids with what fiat I can muster. |
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Extreme jitters in BTC - frustrating to see us dip with it, instead of the old-fashioned inverse relationship to BTC price.
But trade carefully: Potential BTC hostile fork rumours and transaction jam, along with imminent ETF news means volatile times - in every currency...
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Hey - don't stress on the D-coin.
We are (quietly - shhh!) back over $15 and were a few days ago in the $11.xx range. Also we are back well over $200mn market cap and closing in on Ripple at no 4.
Softy, softly. The smart money knows XMR is the real coin and D*** is for shits 'n' giggles, pumps and dumps.
Honeypony is fine and dandy, any shorts out there have to be trembling.
EDIT: $16 as I type!
Oh I know, brother... LOL no worries really. I just like to bitch about it I guess Srsly I have my Moneroj socked away safely since before last Christmas, still untouched, and now I'm just watching the show (actually kinda trying desperately to scrounge up as much FIAT toilet paper "money" as I can this week, sell the house sell the car sell the kids, just to maybe ride the Bitcoin rocket a little ways up for one or two booster-stages, IF/WHEN (if if if?) the Winki Boyz ETF gets an actual greenlight end of this week). But for sure NOT gonna TOUCH any of the longterm cold-storage for that kind of gambling, certainly not gonna liquidate any XMR for it!! Just maybe play with a little fiat only... we'll see. I kinda need XMR to be in the 015's to really feel comfortable but the 012's is still fine, fine. Much better than it was in the 009's for sure  But, yeah, no worries really on the DashPump. Just bitching to bitch here, never mind me LOL Don't get me wrong, I was in the Polo trollbox doing my damnedest to warn people as it was at its peak. I never normally go in but the pump-fest was sickening at, what $57 at the peak? The D-heads were luring in the newbs with every trick in the book to increase the FOMO just as it was at it's silliest point. It galls me too, but we can't bemoan the past year's growth and a top 5 position in Crypto. It comes from being NOT like other coins. |
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