Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.
Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to. I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves. There is nothing wrong about that in my opinion. They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything) If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins.. Seems likely that some Bitcoin core developers don't own that many Bitcoins either. I don't care if they do or don't. One could argue that hoarding the coins yourself could have an negative impact on the development of the economy perhaps not even allowing it to grow. Sometimes less become more like with equity. That's bullshit. The incentives should be aligned. I know the Keynesians have tried to brainwash you but hoarding is never bad for the economy. That's a retarded notion. It is not that simple and one dimensional in my opinion. It depends if the merchants are holding Monero or using it as a mere token. If they hold Monero (or pay to their suppliers in Monero), it might be good for Monero economy to let the coins circulate. For instance, if you sell me something for 2 Moneros which cost you 1 Monero and you are not dumping your 2 Moneros, you were creating value to the marketcap of Monero [I have to buy 2 Moneros (instead of 1) from the markets to get the good I bought from you]. |
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I am thinking a Trump presidency could crash USD. Either way, the next administration is going to go full-on fiscal stimulus, and USD is near its peak. I like market-making in XMR because it is back and forth between BTC and XMR. Another appealling trading venue is the Gold/Silver pair. There is no taxable event until/unless you take out some USD, and you are always in PMs, worst case. But for the moment, USD is where it is at. As long as oil is crashing, PMs are going to have a huge drag. I like shorting all the things right now (except XMR). Also GBPJPY is a good bet. I nibble whenever it dips under 130.
Bullish on XMR. haha same exact thoughts! Aminorex never fails us. LOL  |
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I am thinking a Trump presidency could crash USD. Either way, the next administration is going to go full-on fiscal stimulus, and USD is near its peak. I like market-making in XMR because it is back and forth between BTC and XMR. Another appealling trading venue is the Gold/Silver pair. There is no taxable event until/unless you take out some USD, and you are always in PMs, worst case. But for the moment, USD is where it is at. As long as oil is crashing, PMs are going to have a huge drag. I like shorting all the things right now (except XMR). Also GBPJPY is a good bet. I nibble whenever it dips under 130.
Bullish on XMR. |
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denial is making me baghold. i could have gone out with 4x profit at 0.02.. but im holding still even now.
Sell them now. You are not worthy. Yes, it is a game. You don't have a clue what the game is. Come back and buy them for ten or twenty times the price when you've learned what the game is. You could be sitting on 200x profit right now. But you aren't. Now you want to walk away from another 200x. Be my guest. We need this shake-out. BTW: I'm really not a nice person at all. Am I reading correctly, are you calling 2000 usd/XMR? Do you think it will be the future ATH or are you seeing an opportunity to go even beyond that?  |
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denial is making me baghold. i could have gone out with 4x profit at 0.02.. but im holding still even now.
.....
BTW: I'm really not a nice person at all. By saying this you most likely are a decent person. |
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The biggest issue Monero has pricewise is lack of liquidiy. Sure there are decent amount of btc bidding XMR but it is not enough to catch the dumps. Bitcoin is currently fairly stable and actually is in nice bull run.
I hope the volatiliy will not harm the adaption. For me I do not care my stash, it is too small to care but I am more worried about the adaption.
How can you possibly have liquidity when the marketcap is only 130m and the coin is the second most traded since bitcoin? The trading/marketcap coefficient is 1/11, while in bitcoin is 1/70, in Eth 1/100 and in dash it is also 1/100. Only after 7-10 times increase in Marketcap or 7-10x decrease in trading volume the liquidity will get more stable. How would it look like if there is a buy order of 13 000 000 XMR near the current price when there is only 12 900 000 XMR in the whole universe currently? To be low volatile the market cap has to exceed the current marketcap of bitcoin. There are bitcoin whales who can dump bitcoin to the bottomless pit. One thing I do not understand: why the big guys dump their Moneros? What is the point? Isn't it better simply to drive the price higher and higher and higher. Those same whales will benefit because new people will adapt Monero and once the new people hold it for some time they are also happy with the increase in purchasing power. Why not just drive the price higher than the price of bitcoin...? It is possible but it requires a lot of dollars obviously. But the dollars will come when there is a bull market. |
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Looks like 0.016 is being defended well. Don't see .015 re-entry especially with all the news coming out of everywhere. Ideally the new floor from this whole DNM run should have been 0.02 to give XMR a lot more visibility and welcoming merchants, but this coin has attracted more greedy regulars than any coin I have seen in my time in Bitcointalk. Like Adam Sandler said "What is wrong with you people"?  Greed is a desire to have more money. Therefore, the fact that there are greedy people is one more proof Monero is considered to be valuable enough for accumulation (which is greed in its essence). |
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The biggest issue Monero has pricewise is lack of liquidiy. Sure there are decent amount of btc bidding XMR but it is not enough to catch the dumps. Bitcoin is currently fairly stable and actually is in nice bull run.
I hope the volatiliy will not harm the adaption. For me I do not care my stash, it is too small to care but I am more worried about the adaption.
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holy sh whats happening with xmr? crashed below 0.018. soon bagholder will panicsell
What do you think is a good price to buy? |
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Does anyone here margin trade on Poloniex?
I'd like to think I'm not a complete moron when it comes to margin trading but I can't seem to get it to work.
There are plenty of loans out on the table and for the price I set in my margin buys at, however, when making a trade I get the message 'Insufficient loans to cover trade'.
What am I doing wrong?
The book varies at an alarming rate. You need to raise your rate limit I would guess. Don't be so cheap I couldn't more agree on this statement. I am giving both btc and xmr loans out and I prefer higher rates to lower rates on both coins. |
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0188 is my buy point. Hello again, buy point.
Looks like we have a triple bottom in low 18's. |
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Who is Peter Todd...? Someone next from God?  Is he mortal just like us? |
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I sold a week ago. Still holding a small amount. It was a very good move. But now i want you to dump more so i can buy rather lower. The first reason was that it was going too fast and eventually it would have a correction. As it did though i expect a bigger one. The second reason was that i really couldnt keep up with watching it. It was taking too much time from my life. Actually it was probably the anxiety  I see for so much time very good work being done. And i see for 10 months now only good news. The project continues to be serious, productive and is actually fun! If you know what i mean. I dont think that we have passed the point where we can say that monero would never die but i really can imagine a bright future. So right now my bets are in a dump because a)I would argue that it needs a bigger correction for weak hands to leave (i might be the weak hands) and whales to accumulate more, b)btc seems bullish and all altcoins dump when this happens (although monero has held some times or was bullish in the same time), c)zcash is coming for which although i think it will eventually be a massive flop there will also be too much hype at the start and too much fud against monero (long term monero will win again as it has done with every single coin ever trying to compete(i can count at least 10)). d)I believe that i see a few signs of greed after justified enthusiasm. In any case, if it goes to the moon right now (which is really not that far fetched) so be it! I will still be happy for the project, my good profit and my small xmr amount i still hold. About monero status app, yeah unfortunately i cant persuade my friend to spend more time on it right now. He has it in mind though. At least i persuaded him to hold some xmr and he actually also did a small uni presentation for both monero and zcash cryptography. Did you get your fill? Personally I have sold 0 coins, I should have done like you but I am a bagholder I guess (in its true meaning). Sure these dumps hurts and it is not nice to watch our baby being thrown that badly from side to side. Monero is a true man of sorrow I guess. However it is already resurrecting from the death. I think this game will end nicely after all and finally it is bagholding that makes you wealthy but it takes some time. It would be refreshing to listen from time to time some updates from DNM. Also it would be interesting to get some info how widely Monero is used actually (in case there is any way to determine it). |
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At least interest to short has dropped. The interest rates are slwoly dropping and the regular amount of Moneros (230-240k) are now available for leasing.
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It is boiling, almost bubbling....  |
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Looks like we can have some action soonTM
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I am sure there are people with 80k XMR. Not only one but some. And you can freely call them Whales.
My standard model says the number of such people is 10-15. But because I don't know many of such, and should know, this means it is possible that there is a Leviathan group controlling a large number of coins (1-2 million or more), which skews the distribution and causes the dearth of pocket whales in the 100k range. So Cthulhu is required to have more than 1-2 million coins these days? Correct me if I am wrong but I have an impression that cthulhu has more coins than Leviathan..? |
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XMRBTC volume is never going to allow XMR to reach parity, but only asymptote. Parity and beyond will require direct fiat volume. We need some diligence on the livecoin.net management, to get XMRUSD flowing.
Another bull run will come when a large accumulator decides to increase their position. Since our new whale friend is a long term bull, and his disappearing scare walls show that he has been suppressing price, I have to conclude that he plans to force liquidate the shorts, thereby taking their monero and their btc. Meanwhile he buys cheap, and does not let them cover. Ideally he would seek to squeeze both longs and shorts, alternately.
Alternatively a bull run can come very slowly, creeping, as the economy grows.
The mooted impetus, technical developments, will often trigger grassroots speculation, which is perhaps the least stable form of price support, outside of sheer Ponzi pumping. It does, however, add to the confidence of hodlers, as well as facilitating adoption in the very long run.
I agree with febo and TrueCryptonaire about volume. When volume drops enough, it will mean the shorts are exhausted, and ripe for squeezing.
I disagree that classic wisdom doesn't work. It merely needs to be appropriately conditioned on actual market structure, scaled appropriately, etc. The roles of supply and demand do not change. The implications of liquidity and leverage do not change.
First of all, a huge thank you for feeding my narcissm by endorsement. However, I have to respectfully disagree with the your statement that the trading pair btc-xmr will not allow XMR gaining larger market cap than btc. Parity with btc comes from intermediation of supply vs. demand. If current holders of 12 800 000 will all together decide not to give any markets, not buy anything, just hold their coins outside of the exchanges, there is only coins that are mined today and in the future that is available for the people holding bitcoins. Therefore it is possible that some day you need more than 1 btc to buy 1 single Monero so my advice is to treat Monero as it was more valuable than bitcoin. That treatment makes Monero actually more valuable than bitcoin in the long run. In similar way as self fulfilling prophecy. |
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The pesky whale has been showing his 40k coins to scare the market. Also a group of sellers have built a containment wall at 199 to 203. That puts a stop at the 199 level of up to 1700 BTC.
I suspect the intention is to accumulate as many coins as possible below the 200 level and to take advantage of any downward move to accumulate cheap coins.
It looks the scare walls are mainly borrowed coins (you can see this by observing the lending markets meanwhile the wall appears/disappears). At some point Monero being this cheap the fundamentals should automatically pump up the price. The supply of XMR is surprisingly inelastic meanwhile the people in dark markets are literally hunting for Moneros to buy their stuff. And vendors have no reason to dump more moneros than they need for replacing the demand. Therefore the added value of DNM vendors probably will flow into the market cap of Monero. |
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waiting for the price to crash with this low volume
If the volume goes down after crash, it is bullish (the sellers are out of ammo). If the volume goes down after boom, it is bearish (the buyers are out of ammo). |
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