there is > 50,000 worth of bids on the buy side and < 14000 asks on the sell side. idk what depressed the price so much, but it caused people to buy up all of the supply. polniex appears to be running out of xmr. I mean it would only cost a couple dozen btc to buy ALL of the xmr on poloniex. put on your seatbelt folks.
Im not sure where your looking but there are 87k XMR on sale at polo and 37.08770823 BTC to 0.00389? im looking at the depth chart. i see what you are looking at. any idea why the numbers dont match? |
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there is > 50,000 worth of bids on the buy side and < 14000 asks on the sell side. idk what depressed the price so much, but it caused people to buy up all of the supply. polniex appears to be running out of xmr. I mean it would only cost a couple dozen btc to buy ALL of the xmr on poloniex. put on your seatbelt folks.
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As I received a private invitation to the NRM project core discussion I decided to actually read what this coin is all about: NOTHING [/b] I would love seeing the "DNS" system where the URI entries actually expire eventually. I would love an automated way to determine the "fees". But ultimately there is absolutely nothing NEM can offer than a "make rich quick scam" to some individuals through a promise of "fair distribution" These developers should focus their efforts implementing stuff for NXT and not a new coin. Stop reinventing the already rotating wheel -_-! Or actually get the freaking distribution right. Nxt did ipo, they did ipo, how on earth is their distribution even any different? |
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maybe, as I understand the initial DUMP is always an issue when something is basically for free.
you will always have a certain percentage of people that are going for the small and quick buck.
Are you an nfd investor l8orre? |
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I have some clips for sale if anyones interested. .380 , and some others.
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First 6 char of your wallet address.
Oh! Thanks! Show's how often I pay attention to the characters instead of copying and pasting  Have some funny satire .. made me laugh at least. I lol'd. Its funny to get a peek at us through their eyes. |
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It seems we now know where the "bottom" is, I'm buying all XMR I can, for the long term we need to acquire patience  I doubled down. I wish i had it in me to triple down. But i don’t. |
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Once again, to prove my royal birth to the trollbox. not a castle but very cool none the less! you inherited it? |
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Who is Risto ?
Rpietila, the owner of castle in Estonia, Bitcoin enthusiast and Monero whale. A for real castle owner? Any idea which castle? |
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happenings are happening at poloniex
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I am of the opinion that the shape of the curve doesn't really matter, within reason (instamines and premines excluded). What matters more is the total supply. The shape of the curve is what matters and the total supply is completely meaningless. If the devs moved the decimal place in everyones client one place to the left or one place to the right what would that change? of course it would cause some confusions but it wouldnt actually change anything. Total currency supply is purely aesthetic. It is completely meaningless. If the total currency supply was 0.9 coins for all of time than as long as there are enough decimal places it would work fine. of course maybe i misunderstand your point. Yes, I was not clear. What I mean is not the specific number (which as you say is arbitrarily scalable) but the fact that there is a fixed supply means that any curve with more issuance earlier means less issuance later and vice versa. These affect valuation in opposite directions, and I believe close to equally. While it may be harder to find investors to buy a coin with high immediate supply, at the same time, investors don't want to buy a coin that will be heavily diluted later. With any fixed supply the two must offset. What you meant to say was infact insightful  |
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I am of the opinion that the shape of the curve doesn't really matter, within reason (instamines and premines excluded). What matters more is the total supply. The shape of the curve is what matters and the total supply is completely meaningless. If the devs moved the decimal place in everyones client one place to the left or one place to the right what would that change? of course it would cause some confusions but it wouldnt actually change anything. Total currency supply is purely aesthetic. It is completely meaningless. If the total currency supply was 0.9 coins for all of time than as long as there are enough decimal places it would work fine. of course maybe i misunderstand your point. |
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I must be a masochist or something. Why do I keep going to poloniex to look at the price?
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i picked up about 5BTC worth of XMR in the 0038-0042 range.
should i go in the corner and cry? or hold my head up high?
Keep some powder dry. |
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So many people (including bitcointalk hero members and btc whales) saying they are buyers at this price but not bid support on the exchanges. I find this curious.
Buy Orders Price XMR BTC 0.00240200 301.44639286 0.72407424 0.00240005 83.33159726 0.2 0.00240003 20.83307292 0.05 0.00240002 2054.5795685 4.93103206 0.00240001 500 1.200005 0.00240000 1658.80367081 3.98112881 There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately. If that logic were sound than the value of both ought to be very close to zero because they are infinitely reproducible. |
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Who wants to volunteer to be our DPR?  I think there are already plenty of DPRs. We just lack the software required to serve that market. I suspect that when a GUI wallet is available and stable, then XMR will rapidly become a primary denomination for those markets, but not until then. If I were selling counterfeit Euros over the Internet, my preferences would be XMR > DRK > BTC, with no fourth option. Most dark market sellers probably would be better served by restricting the list to XMR only, but absent a nice GUI wallet, the number of buyers would tend to zero right now. More arrests of BTC users would help a lot, although by now they are common enough not to be newsworthy. It's sort of inevitable. I havn't tested it myself because im too afraid of trojans but i was under the impression that we already had a gui client. |
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Can we stop the whole bullshit about price swings and start thinking and talking about more constructive stuffs??
For example: what is a good strategy for expanding the marketplace and increasing the network effect here?
+1 Build applications. Use your imagination. Okay maybe you (not you personally) have no imagination. Look at the first few successful applications for bitcoin and build those. Right now we have ZERO applications. Anything would be an improvement. Who wants to volunteer to be our DPR? |
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I want to point something out for those who haven't noticed:
Seems to me there is a strong positive correlation between the negativity behind someone's post and the lack of activity associated with the account. In other words: The more positive a comment is, the more activity that person is likely to have,
and the more negative their comment is, the LESS activity their account is likely to have.
Conclusion: paid trolls are a sign that someone want's the price down.
Secondary conclusion: someone wants cheap xmr and is priming it for a pump.
Third conclusion: buy xmr right now ;]
you can't stop the pumps and dumps, pumps and dumps, PUMPS AND DUMPS.  |
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wow sooo many trolls  |
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HODL > ALL
Hodling is for little girls. Real men go keyless. |
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