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Despite Moneros are lent almost literally for free, there is absolutely no interest to borrow and short.
Is the going rates now all time low?
I hope there will be some brave souls who wants to borrow my moneros and short it all the way down to the ground.
It also provides liquidity if there will be an exhausted whale wishing to exit from Monero, and not just a whale, also a big miner can dump largish stash.
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10,000 XMR more is for lending part.
A lot of short positions were covered during the dump.
Almost all my Monero-denominated loans were returned, and yesterday I also got a great deal of my bitcoins back (perhaps due to this we had a little sell pressure yesterday).
Still there are some longs but I am expecting them to cover at loss (if taken for Monero).
I do not recommend to take any long positions on Monero as there is still a lot of coins that need to be sold to already Monero-saturated whales.
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it is all vague assumptions that we can do.
Be sure I'll quote you on that, mister strong-assertions-out-of-my-ass. You can quote me but be sure to mention the source. |
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Now it would be good to have some people were shorting since Monero is about a lose its liquidity.
If there were open shorts, there would be more liquidity in the dumps as the shorters want to cover and exit their positions.
Where I can see shorts/longs ratio? Only poloniex allows using leveraging tool in XMR? Hello, Thank you for your question. That info is available indirectly. You need to follow how the interest rates goes. Please bear in mind, it is a little bit biased way to follow it since btc is used for longing several currencies while xmr is used only against btc in margin trading. But still you can see which way the short/long ratio is moving. You are right that it means something, but interest rates can be manipulated as well for various reasons (small quantities can be loaned at very low rates). Similarly market depth can be a clue that bid/ask spreads are being manipulated in a market. That is why level 2 quotes are important I do not recommend trading on margin in a market where this data remains private. Insiders with access to the data have a huge advantage and with enough funds can force short squeezes by being able to predict price points where margin loans will be called in. If you must trade on margin, keep your equity % as high as possible. However I don't recommend margin trading at all until the margin data is made public. Based on my lending experience a short squeeze in a big deal is pretty unlikely since almost nobody is interested in borrowing Moneros right now. There simply is a shortage of bears or bear-minded bulls in the marketplace. On the other hand, bitcoin loans will disappear much faster (this could be due to the fact that btc is borrowed also trading Dash etc - however XMR usually have the most volume in Polo so I would assume that is a bigger player than the other currencies when it comes to trading with margin. However, as you said, as long as Polo has something to hide with the data, it is all vague assumptions that we can do. |
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Now it would be good to have some people were shorting since Monero is about a lose its liquidity.
If there were open shorts, there would be more liquidity in the dumps as the shorters want to cover and exit their positions.
Where I can see shorts/longs ratio? Only poloniex allows using leveraging tool in XMR? Hello, Thank you for your question. That info is available indirectly. You need to follow how the interest rates goes. Please bear in mind, it is a little bit biased way to follow it since btc is used for longing several currencies while xmr is used only against btc in margin trading. But still you can see which way the short/long ratio is moving. |
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Come on. Isn't everyone here typing from their castle? Show us some deeds or forever leave this thread. I occasionally borrow a compact and bijoux Scottish castle. It's 11th century but sadly it's been turned into a 70s nightmare of his n'hers vanity tables and acres of stripped pine. I don't think I'd be buying it any time soon even if I had the cash, let alone a properly sized one. Googled some photos of that castle. I am not sure if I found the right one but to me the one I found looked, well, ugly (outside, not so much inside). Like a stereotype of a haunted castle from some kind of horror story. If you paid me nicely I might consider taking it for a while but if I had to pay - no way. Not even for free. |
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Castles don't make money, they consume it. Anybody who thinks otherwise has probably never owned one  Yet it is a nice place to spend the Midsummer Night - in Estonia, it's tomorrow. You are right, I have not owned a castle. I wonder how did you guess.  While it is true a castle in own use costs money indeed, it can be used also for business but then it has to be in good shape. Weddings, concerts, accomondation etc. can be organized there and they all bring money in + you probably can apply some kind of financial aid from EU or some other instance - after all, it has some historical value. If I am not mistaken, Haikon Kartano in Finland has that type of business model despite it is not very convenient to reach there - one need to own a car to get there (which a large position of people living in Helsinki do not own). |
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I have a castle for sale for 4500 BTC, or serious offer  Where at and will you owner finance? We are talking about the famous Bitcoin Castle in Malla, Estonia. And no, you don't buy castles on credit  I have a better idea: Apply for financing to finish it, make it a profitable business and then sell it in shares. You might want to organize a share issuence for instance via invesdor.com for finishing the building. After that sell your share to someone else, but before that it obviously need to make profit. Nobody wants to buy a business that loses money. |
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My previous post
Let's do an update of my previous chart:  I assumed an exponential uptrend. We touched the linear downtrend in the short term yesterday. Long term log chart is showing a nice wedge. This wedge closes around 0.0028 in august. I assume that when the wedge is broken to the upside, én the 23.6% fib level is also cleared, we will see the exchnage rate going > 0.0043 in a short period. Long term exponential trendline suggests that the exhcnage rate will reach 0.01 BTC at the end of march 2016  Yes, but now we are starting to drop. Yesterday we had tons of shorters - today the lending market is completely dead. Only investors have been covering their short positions and no new shorters in the markets... I am afraid it cannot continue like this. I wish Polo would soon publish some information on the long/short ratios so I am not the only one talking here. Any trader understands a situation where there is no shorters is not a healthy situation. What comes to your graphs, they are not bullish nor bearish. A triangle which is pretty neutral... Only your interpretation sounds like it is a bargain to buy Monero this expensive. |
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A few years from now the "bagholders" as the OP has described them might be having the last laugh.
Bitcoin won't remain king forever and there's room in the world for dozens if not hundreds of successful alternatives to the original.
The problem with the altcoins is that usually the communities are way too small in relation to the marketcap of a certain coin and therefore they are not able to create a network effect. In order to succeed a coin needs a community that is growing. The growth comes from the bullish trend of a coin - the bull market attracts investors which makes the price rising even more which attracts new investors and so on. Bitcoin has the strongest network effect but I doubt it will stay like this as the price do not have power to rise but it is declining month after month. |
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No.
I am looking forward to a permabull that is going to start dumping as a result of exchaustness.
Bitcoin had the "long term holders" that sold their coins way too early. Monero needs those, too.
Not everyone has a merit to be rich and hold 2000 usd/xmr coins.
So you see XMR=2kUSD in the future?I think both scenarios are possible. Usd indeed might lose (almost) completely its value. On the other hand, bitcoin reached 1100 usd so why not Monero which does everything bitcoin does but is also anonymous if one desires anonymity. However, don't ask when is the future because nobody knows the answear. |
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I've made nice ROI on trading with these shares some time ago so I can't complain.
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With all the bear talk in here... i wonder why there is basically nothing up for sale to the .0023 -.0024 level? One decent buy clears the June 8th high, shorts closing not even considerd.
Don't get burned.
Four childish pictures. You win. I don't even know how to respond to that. I should ask my 12 year old nephew. Looks like he is getting ready to re-enter. No. I am looking forward to a permabull that is going to start dumping as a result of exchaustness. Bitcoin had the "long term holders" that sold their coins way too early. Monero needs those, too. Not everyone has a merit to be rich and hold 2000 usd/xmr coins. |
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With all the bear talk in here... i wonder why there is basically nothing up for sale to the .0023 -.0024 level? One decent buy clears the June 8th high, shorts closing not even considerd.
Don't get burned.
--snip--  via Imgflip Meme MakerTold by whom exactly? Oh yeah, I remember now! It was you: I would not be surprised if Monero will be traded with multiples of bitcoins each. Many who did not buy now will kick their legs for it. I am looking prophetically to the day when Bitcoin is one of Monero's altcoins. Oh and this page is full of similar statements: https://bitcointalk.org/index.php?action=profile;u=375390;sa=showPosts;start=100And this one as well (partly) -> https://bitcointalk.org/index.php?action=profile;u=375390;sa=showPosts;start=120Please refrain from this kind of trolling and just leave the threat. You don't add anything significant to the conversation. Neither in bearish times, nor in bullish times. Yes I know it is annoying when your bag is rottening. |
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chart, charts, charts, that's what we like, no? Well, here you go:  When we break the short term downtrend, I think it will be time to go long again. When the 50% fib level at 0.00264 is cleared, we will see a slow push through the resistance between 0.0028-0.003. After that it will be full bull modus again, with some FOMO > 0.0043. I can see it reaching 0.00545 or even higher 0.00545: "conservatiev goal" : It's the 50% retracement from the top at 0.01 to bottom at 0.000910.00785: "FOMO goal" : Remember my Monero Masive Head & Shoulders pattern? I lower the target a bit to 0.00785. This is the first fib retracement (76.4%) It can crash and go down also. After all, there is very little shorts but several longs so if there will be a bigger dump (some permabull changes his/her mind and dump) which triggers the long squeeze. |
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Now it would be good to have some people were shorting since Monero is about a lose its liquidity.
If there were open shorts, there would be more liquidity in the dumps as the shorters want to cover and exit their positions.
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Seems Monero is not going up or down these days. At some point there will be a break up or break down. The holders and permabulls are praying for the break up and skyrocketing of the price. There is also a group called shorters. These people are the flock of sharks who are looking for blood and ruthlessly might start shorting, then the general atmosphere is extremely bearish and they close their positions with profit from the sales of "permabulls". It is easy to be permabull when the markets go up or stays the same. |
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All else being equal, every day that the price doesn't go down, it becomes less likely that the price will go down. That's because smooth emission gives us fewer coins today than it gave us yesterday.
.002 is a nice, round number.
Personally, I will seek to buy more around this level when I have spare cash.
That is exactly the case if you assume there are buyers who are willing to buy more than there is emission of new coins (for long haul). The gap is filled with early adopters selling. However, it is not guaranteed that the buyers have desire to buy more Moneros than there is emission + early adopter's selling (for short term). |
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My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
Yes, instead of buying directly Moneros with BTC the BTC has been lent via Margin trading for others to buy XMR. Hardly nobody wants to short it. Therefore if a big buyer enters, it will not most likely trigger a wave of short coveries but I am afraid a dumpster will trigger a tornado of long squeeze. That is my analysis on the current situation and can be wrong. Patience is the King and it usually is rewarded handsomely when it comes to Monero. Still over 10 kXMR is mined daily vs. 3.6 kBTC is daily mined. On the other hand, the price of btc has declined which offsets perhaps the situation a little bit especially if a typical Monero buyer is a fiat-denominated hand. |
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