Well, then give us 3 letters from the nickname and we will do the prediction  I already said I'm not na ming the bearwhale, n or am I giving more hints than I already have  Oh shi- o xymoron. Clever. amazing there is not one c there. The again I'm not a whale, damn boats. The real question:- Aminorex == Warz? Possible but very unlikely. If they are the same persons, there are two separate accounts in Polo since both I have seen on trollbox with their nicks. Also, afaik Warz is Norwegian and Aminorex from USA, NYC to be more specific. |
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The interest rates are dropping which is a sign the next leg up is on the horizon. Approximately 1/3 of the short positions I am offering have been closed which tells me the shorters are believing the price will not drop from here at least in a significiant amounts anymore but start to prepare the next leg upwards rather.
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The bottle-neck is the marketing here.
The btc bagholders need to be told about Monero.. I am quite sure there are many who have not even heard about XMR.
No, the bottleneck for a lot of bitcoin bag holders is probably the GUI. They come from BTC, where they have a plethora of GUI options (and hell, wallet service options), and then they see simplewallet and mymonero and go "you serious?" and hell, up until 4 months ago (so, the entirety of almost the first 2 years of the networks existence), the released binaries required all the ram. I doubt they haven't heard of Monero. They've probably heard of it and dismissed it. I see your point, the lack of GUI is something that may not attract people towards XMR. BTC is already quite mainstream (and ETH is hitting mainstream big time as well - XMR can be the # 3 coin and the ultimate store of value). However, mass adoption takes time. People will begin the adaption process by ignoring the new way of conducting businesses, then they might experiment once they have been bombarded and finally they are going to adore it. The good news is, the current price trend should incentive GUI development process as the value of the bounty grows. |
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Yet the price is still at the very rock bottom. A great bargain in my opinion. A lot of new people entering and starting to collect coins. This combined with the fact that the emission is tightening will drive the price to crazy highs.
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The bottle-neck is the marketing here.
The btc bagholders need to be told about Monero.. I am quite sure there are many who have not even heard about XMR.
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The low volumes in the valleys are a bullish sign. Basically they scream from the roofs: there are only a few sellers who dump.
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Let me tell u the real problem with XMR.
its the devs, they dont work hard enough to make this wonderful coin succeed im waiting for 2 years for an GUI wallet not that i cant run a simplewallet !!!
its about adoption we need a GUI to go mainstream but the devs are taking it easy lets wait another year or maybe 3 years fk it im out for now
You should donate 1/2 of your holdings to the dev fund, that might speed things up. That's pretty silly. The GUI work is already funded, and it is under way. If someone thinks that mainstream adoption is right around the corner and the only thing holding it back is the GUI not being finished, and therefore "fuck it I'm out", I'm without words. Why sell an amazing coin?
fk it im out for now
Yes, this is normally what happens when there is a big pump. We get some fair weather friends, the pump stalls or reverses a bit and they're gone as fast as they arrived. It's all good. No all i see is 5 hours of work done a week so monero GUI will be released 30 weeks from now The price will be also probably at ATH-levels by 30 weeks. I would not worry too much as long as the community in general considers Monero worthwhile to hold in their plastic bags. Also, the main issue is the funding usually and it seems to me everything applied for funding has been also fulfilled. That's a huge thing and bullish. There is plenty of money but shortage of workers. |
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Those who saved their money in Bitcoin from $1 to $8 and then stopped because they didn't want to be 'overweight in Bitcoin' surely regretted it. The smart ones bought Bitcoin all the way up to $30 and then all the way down to $2, and then back up.
I could own more XMR than I do. But I think that if I own too much, then it is bad for the economy and the culture. Most people don't want to get very wealthy. Most who do want to get very wealthy probably shouldn't. Personally, I am trying to maximize wealth because I have a purpose for it, which I consider very important, superceding my personal interests. But even for that purpose, there is an optimal proportion of the XMR distribution which I seek to own. If I own more, I prefer to sell. I currently own too much of the current distribution, but not enough of the long-term distribution, so I feel free to accumulate, in a small way, until I own an optimal proportion of the 18mm XMR distributed before maintenance rewards kick in. As the economy grows, that notional optimum will decrease over time: When there are goods and services being transacted in XMR routinely, the velocity of the float needs to be reasonable in order for the economy to grow. If the velocity appears to be a limiting factor, I will definitely distribute, regardless of the price. Focusing exclusively on maximizing personal wealth is not a good plan, in my opinion. If you are just going to waste it on hedonic excess, I think you will soon find yourself on a meaningless hedonic treadmill. The end thereof is death. Personally, I seek to maximize meaningfulness. That is a diverse, complex and moving target, but philanthropy certainly helps, as do healthy interpersonal relationships, and a project agenda. In the Talmud it says: If I do not help myself, who will help me. If not now, when? And if only for me, who I am. I think that is the philosophy you have learned here. |
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Back to speculation: The price is creeping up slowly slowly and probably preparing for the next leg upwards. These days of under previous high have shown to be a good buying opportunities this year. We will see if this trend continues.
Yep, XMR will keep climbing the stairway to heaven. I don't see any critical damage on the chart. This was/is a healthy correction and much needed cooling-off period. All the moaning about botnet FUD is ridiculous. No more such things as 'bad hashes' exist than such things as 'bad Moneros'. PoW is necessarily fungible, just like the e-cash it creates. Bitcoin has been mined by more types of botnets than anything else. Even stuff like routers and game updates were doing it. And Honey Badger turned out just fine.  I agree, the chart is still bullish and no reason to worry chartwise. However, now it is excellent time to hoard as many Moneros as possible before landing to Moon if not Pluto. I do not see any reason why an investor should be worried the way the coin is mined in the first place. Obviously miners love to get bigger slices of the pie and I do understand their worries about competition in mining, as an investor one needs to calculate the emission fully dumped. The current trading volume can bear even higher emission without affect on price of the coin in my honest opinion. |
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Back to speculation: The price is creeping up slowly slowly and probably preparing for the next leg upwards. These days of under previous high have shown to be a good buying opportunities this year. We will see if this trend continues.
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Guys, I want to calm down. I am still bullish on Monero and historically that has been a good sign. I have been bearish for so long time which made me perhaps the most hated person in this thread, but also I have been right thanks to my bearishness for so long time.
I am still looking forward to BTC-XMR parity which we will reach probably in the years to come step by step. Time to start stocking Moneros again.
The bolded part is insulting the intelligence of the people in that thread. You suggest we are circle jerking and immediately hate anyone who expresses criticism or bearish sentiment. If you get some hate, which is a strong word, or at least disdain, it's because of your flip-flopping following your own position. I hate the guy. He annoys the hell out of me bragging about his free lunches and his real estate rental empire. Yup. And the worst part in the story: I get wealthier every day, the passive income comes in all the time and I spend less than I "earn".  And your wealth is such that you are too frugal to buy yourself a coffee while out on the town as you wrote a while back. That's right. |
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Guys, I want to calm down. I am still bullish on Monero and historically that has been a good sign. I have been bearish for so long time which made me perhaps the most hated person in this thread, but also I have been right thanks to my bearishness for so long time.
I am still looking forward to BTC-XMR parity which we will reach probably in the years to come step by step. Time to start stocking Moneros again.
The bolded part is insulting the intelligence of the people in that thread. You suggest we are circle jerking and immediately hate anyone who expresses criticism or bearish sentiment. If you get some hate, which is a strong word, or at least disdain, it's because of your flip-flopping following your own position. I hate the guy. He annoys the hell out of me bragging about his free lunches and his real estate rental empire. Yup. And the worst part in the story: I get wealthier every day, the passive income comes in all the time and I spend less than I "earn". |
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Guys, I want to calm down. I am still bullish on Monero and historically that has been a good sign. I have been bearish for so long time which made me perhaps the most hated person in this thread, but also I have been right thanks to my bearishness for so long time.
I am still looking forward to BTC-XMR parity which we will reach probably in the years to come step by step. Time to start stocking Moneros again.
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It takes some time when fiat will hit bitstamp.  |
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People tend to forget that Poloniex offers 2.5x margin. As a result, even if someone holds 20k he can leverage that up to 50k. Combine that with all the profits made on ETH I am not really suprised by the huge buys and subsequent huge dumps.
Bear in mind also that the market makers selling the coins for the pumpers and then putting equivalent buy order to support will fuel even more leverage. Thus with only a little equity you can control pretty heavy margin position if you keep growing it and the markets move to your favor. That's a double edged sword: if the margin traders start to compete with short positions the coin can be destroyed but if they compete with long positions, the coin at least theoretically can go towards infinity pricewise. |
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0.1 % daily interest rate is 36.5 % annually
And on the next $20 BTC jump, you lose all of that in 2 days for the counterparty risk of having coins on bologniex for a year. Wow, people really did forget Gox existed already. The only reason to keep coins on an exchange is the freaking stop loss lol. If that plan fits for you, then good for you I guess. I am looking for passive income and currently I consider Polo lending the best and the savest way for that. That being said, I am not thinking it is 100 % safe and sound system and there indeed are all kind of risks. The markets will decide what is the risk premium of such risks. In bank account I get 0 % interest rate but for lending XMR I get over 30 %.. Sure bank account is safer place to hold money (the governement will bail the banks out usually because the banking system is too big to fail) but also it will not give you any ROI... |
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Pretty petty to begin with allowing an asset you are invested in to be shorted for fractions of a percent in interest.
The markets decide the interest rates, it is the intermediation of supply and demand. 0.1 % daily interest rate is 36.5 % annually (excl. compounding interest rate which make the actual ROI even higher on annual basis). |
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The good thing is I got a pay day during this dump. A lot of old shorts (including 0.9 %) was closed and a nice chunk of Moneros was pocketed and now lent back to the next generation of bears. Always cool to get some extra Moneros... All the dust even is worth picking IMO as opposed to let someone else to take it. |
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The seller is a whale, no question about it. Kinda dangerous to hold a coin that is held by some whales who can move the markets with their moods and emotions.  Absolutely true. Perhaps the most important thing you have said in your entire BTCTalk history. This coin is not suitable to be introduced to any new people through word of mouth or even pointing to any articles or other literature. This coin is in all the wrong hands you can imagine. Even Darkcoin/Dash is built with a lot of solid hands giving it value. This is why we need zcash. Just like we need Ethereum, not just for technology but for value and respecting value of an asset. I am not selling though. I am lending and the interests will accumulate. Over the years with compounding interests the interest collected will be more meaningful than my initial investment. |
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XMR touched the trend line when BTC took off. Now BTC is at the top of the triangle and will probably drop again towards 400. XMR appears to be regaining its composure. I think there's a good chance the 335 area will hold. Former resistance area and strong buying under 340k.
When the price drops it definetely is the exact time to show some strength to the bears. I agree that the current area is pretty much the place to be. Judging by the intensivity and the mood of the bear, I am not surprised if it breaks and we go to 0.002's but that's unlikely and also perhaps harmful for the trend. The seller is a whale, no question about it. Kinda dangerous to hold a coin that is held by some whales who can move the markets with their moods and emotions. |
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