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.
No they dont. Once the loan time ends (lets say it was a loan at .02%), it automatically tries to find them new loans at .02% or less and takes those. If it cannot, it put up a loan demand order at .02%, that anyone can fill. Until someone fills that, they pay no interest at all to hold the short open. Once its filed they pay .02% again. It sounds dumb, but I believe that is how it works from my experience. Anyone offering low rates in an attempt to trap shorts by later increasing their rates is doing it wrong. All they are doing is giving away low rates. The correct play is to only offer coins at high rates, and to increase the time limit from 2 days to a higher number to trap them at high rates longer. If it were true, Polo would be running a fractionary reserve scheme, so I donīt think it works like this. I guess once the loan time ends the system automaticly loans the next best offer so they donīt do the fractionary reserve thing and keep gaining his 15% cut. Otherwise it would be risky for them and would gain less interest |
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IF we get above 430k, then yes, it goes crazy. I would say itīs the classic upside down turtle 100% confirmed. Just kidding, I dont see the cup, but looking at the chart with the zoom out and listening to my guts it could be that we are just in the 50% of the bull trend. To me 60-70ksat makes a lot of sense as the top of this wave and was the price I was thinking to myself before put a good chunk of my stash to sell (to buy back lower, as you think). So yes, I would say it makes a lot of sense. I would be selling some before of this for sure, but I would call the top around this numbers. |
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Touching resistance line. I would say 3 minor shorts have closed, but the big one of 30k stills open. If he covers now price would go to .003827. Donīt sell cheaper than that
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100k sell wall VS 60k buy one. If Im not mistaken thereīs a 30k short that has to cover at any moment.  Edit: Sell wall GONE Edit2: Sell wall visible again. Flashing in and out |
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Well, the shorter must be having a bad time. If you buy 30.000 moneros right now, the price would propel to 38ksat, so he would be losing a nice chunck, plus interest. And as price recovers the shorter gets more and more REKT tokens for himself. Popcorns  |
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What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position.  That part is easy enough. Every time I try, the bar just raises with my buys though, and I never amass more than I want to hodl. Not sure where this ends. nioc's defective sell button seems to have infected my system. Perhaps I can free it up by buying more. I should just buy on margin, then I have to sell eventually  TheKoziTwo, thank you very much for your posts. Always great perspective. I don't have the means to take this advice of yours. I have built my Monero house brick by brick over the last 2 years partly by being more frugal than TC. I have had some rough financial times. Yet when somebody asks, "how are you?" I respond, "never better" because it's true. Happy Thanksgiving. https://www.youtube.com/watch?v=rYeWnbmFUhQYou know, what I find very sad is to hear the stories of the guys who was around here back in 2010-2012 but never seized the opportunity that was there, right in front of them. One of the best opportunities in the history of mankind. Maybe it was their nagging wife that didn't want to skip a night out in town to put a couple of hundred bucks into a silly internet money project. Maybe they had a few friends who talked them out of it. Maybe they thought it was too much work to sign up on the exchange and transfer money to a weird foreign bank. Maybe they just wanted a cool car or a new couch. Whatever the reason, they let the opportunity pass them by, and when it comes to those who really believed in bitcoin, but still let other people convince them not to buy, I find that a bit heart crushing. When you're really excited about something, you tell people, and they naysay the shit out of you. It can be hard to stay focused and motivated. There's a quote I like, by Garret Burgwardt. I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me.It's not about how much you have, it's about using what you have. Think about it. Those people back in 2010-2011 could have put a $100 bucks in and held, but they didn't. They didn't need much. They just had to not let go of their dream. What you are doing. What AP is doing. I'm a big fan of such strategy. Living a few years of your life like most people won't, so that you can live the rest of your life like most people can't. That's more than putting that $100 bucks in. That's real determination. Passion. Back in 2012 after the bubble to $31. I was quite frankly piss poor back then. But after that bubble I had an epiphany: "Trying to trade myself more bitcoin is foolish. This could very well be the greatest bull-market in human history and here I'm trying to time the market for pennies?" After that day I was a changed man. I only bought bitcoin, never traded, and I kept buying all the way down. I quadrupled my investment during that period. It wasn't a lot, and it was all I had. But man, am I glad I never gave up that dream. Gave me goosebumps. I'll remember it next time I'm thinking in selling at current prices to get a little more. Beauty in it all. Thanks for sharing. |
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In case you like to short groteske movements, Synereo is just slightly pumped to 498% and has surpased doge. Now is on par with maid
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Super strange market today. Other than XMR, damn near everything on the Polo board that has traded 100BTC in volume is either:
--in the red, or
--in the midst of a 20%+ pump
The 37K bid wall been eaten alive. Maybe darkflarbs is the next +20% |
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Keep Calm,
Burn the bear
And darkflap your girl hard
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Price should be pumped to 5$ and stabilize there this is nothing
I call 5$ a coin by end of april
Donīt trust Lokilop nor feed him. Why not? every monero i get will be stored safely out of poloniex Because you are trying to dump the price with the GUI FUD to get cheap coins, and because one week ago you were calling 5$ a coin by end of april and now saying it will stagnate for 300 days. Only a fool would listen to you and Im bewaring potential newbies reading this thread. |
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Price should be pumped to 5$ and stabilize there this is nothing
I call 5$ a coin by end of april
Donīt trust Lokilop nor feed him. |
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Are you seriously considering that we might getting to the top? Actually at this point or will go up or we crash. But i don't see any big news except the fact of the new GUI which is promissed only months later. This is my analysis based on MACD only. I know you are trying to be positive, most people here have XMR invested, including me. But shouldn't we look at basics?  The volume tells you the whole history. Since Feb '16 is in a new whole level, therefore price should reach a new whole level as well. Maybe 2-4x more, so around .01 seem even conservative. .02 could be spot on in this wave, but could be way higher. |
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Seems like a great moment to short ETH, BTC is going up and could have legs. The bollingers are loaded.
However this monero selloff is excessive and will correct, I guess at .00377. Whatever, lets see
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The pre halving race has began
Take your sites
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Is it just my imagination or has the lending market on Polo gone a little bit crazy?
I had some out there at 0.105% that I took off of auto-renew. Now there are more than 150,000 XMR offered with most of it under 0.1%.
Not sure exactly what it means. It might mean that nobody is borrowing to short, or that short positions are being closed. That could take some of the springiness out of the run up. I think it's NOT a great sign that there is an abundance of supply on the lending side.
I suppose it could also mean that there is a ton of expectation for a move up. Even that seems contra-style bearish to me.
Is there any bright side to an oversupply of lenders?
Who knows... I will say you have to have steel balls to short this. Could be whales offering free XMR to catch shorters, while Polo doesnīt disclose data in BFXdata style we canīt be sure. I would be nice if the community starts to ask Polo for the data so we can have PoloData kind of site to gain a layer of analisys. Letīs ask it in twitter, facebook, trollboxes and here. If there is enought pressure they will accept |
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If there are weak hands saying Monero cannot run anymore, it is always possible to borrow Moneros (obviosuly you have sold your coins already and need to borrow now), I am happy to feed your short positions.
The rates are now so low that not many will bother to lend but I can give a few coins for rent.
That been said, over 50 % of my coins are lent at 0.20 % or higher (even the loan with 0.900 % is still collecting interest).
I've gotten to the point where I am too big of a player to play the margin game anymore (at least without not disrupting the markets somewhat), so I am starting to look into other forms of making my money work for me, specifically the other side of the coin: lending. I say again, I really wish Poloniex allowed people to long other coins with borrowed XMR, but we seem to be getting a steady 0.1%-ish even with the only purpose of Monero lending being to short itself. Do you have any advice for a new wannabe lender who wants to stay competitive, but also not get into a bidding war with other lenders? What should I look for in offering an average loan? Are 0.1% 2-day loans the norm? Should I try to swing those low interest loans into higher rate ones once the initial term is up? Sorry, all this is a bit new to me, but I am learning quickly. Im way small fish and less expert than you, so I donīt have a sound strategie to offer you but... donīt you worry about your moneros not been returned back?. Since I learned that the leans are not 100% guarateed I just reduced this risk to the max... I offer some BTC at extortion rates from time to time, but I sleep better when they are under my control (well... Polo control) |
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What are the fave bots of the people over this room to trade in poloniex?
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