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2001  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 21, 2015, 08:09:02 AM
So where does Polo gets the coins, that it loans out, from? Are they our coins?

Some of them are my coins.
2002  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 21, 2015, 07:58:36 AM
i smell a bear trap  Grin

I don't... Me and perhaps a handful others are pretty much the only bears here.
All the others are bagholding a bag that gets lighter and lighter.

I called you guys to sell when the price was 0.003 (and I sold also). Then it dropped and never has recovered from that drop.
I am still bearish and worried at the same time as there is almost 0 short selling. The long and short positions should be more or less equal so that the situation would be normal.
2003  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 10:07:01 PM
My own position in crypto:

some btc some xmr.
BTC I am able to lend with good interest rate, XMR is impossible to lend as there are nobody shorting it and the rates are getting hammered meanwhile btc offers decent rates.

So I am not trading but lending business. I do not have time to trade... To be honest I am worried that my XMRs are not borrowed by anyone and this is probably the only thing  I want to use my Moneros so it is not really tempting to hold Moneros.
I kind of would hope XMR would offer nicer rates than btc because in free market efficient economics it should do so thanks to the gap in the inflation rates. Now the status quo is quite the opposite it rationally should be.
2004  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 09:04:13 PM
Llyodimiller4, I'm assuming that was directed at cryptoriches.  (edit: lol, I see your edit)  
  
There is zero mathematical or financial way you can justify taking a short position in Monero, and I'm only so adamant about this because a lot of people are going to lose money in the coming years over this, and I want to have a clean conscience about it.  
  
Anyway, let them put on their big boy pants.  Margin trading is very dangerous, and major exchanges don't just let any random get 2.5x leverage on their collateral.  There is an approval process, and I'm a little concerned that Poloniex is apparently letting every account margin like crazy right out of the gate.

How many times I have to tell you the economic reasons why one might be interested in shorting?
Read my previous posts and wise up.
2005  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 09:02:34 PM
Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.

Haha - still trying to push the markets down then?

Good luck meeting your somewhat risible 0.0005 target.

truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.

Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.

I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.

Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.
 
  
Ask yourself why people aren't willing to short Monero right now.  
  
Your argument boils down to "No one is stupid enough to short Monero right now, because that would be an obviously bad move, so everyone better short Monero."  
  
Your logic makes sense in a large and relatively stable asset like Apple stock, but even then shorting volatile and promising tech companies is a fools game.  
  
Shorting a tiny crypto, who has the best long term future of any crypto (besides bitcoin)?  Are you mad?  
  
Do you realize how stupid you sound?   Imagine in 2011 when bitcoin was hovering under $1 if you had given the same advice: "everyone should short because it's inevitable."  
  
You would lose your shirt and shit quick.  Monero isn't some sideways trading shit coin.  It's trajectory is exponential, and the moves upward won't always be predictable.  They will come violent and quick, far faster than you can exit your shorts.  
  
Your account will be liquidated faster than you can react.  
  
For you pros out there, you already know how stupid this guy's advice is.  For you rookies out there (and I know some of you read this too), please don't listen to this guy.  He is giving some of the worst advice I've heard.  
  
If you think Monero is in a downtrend and you don't want to acquire it right now, fine.  But no one can predict the moves in such a small and volatile (and upward bound) asset.  
  


I am not trying to predict but I see the Golden opportunity to be better shorting than longing.
I do not want to repeat myself.
When the rates are dirt low it means the rates must go up especially if the relative inflation (inflation of xmr vs. inflation of btc) is not in favor of XMR, it is rational thing to get actually higher rate from lending XMR than BTC.

I am not saying "it will go there". If I were saying you can call me stupid, but I am saying rather: it might go or odds are or probably it will go down.

The fact that it is forming bearish triangle now looks pretty bearish to me (from the charts of the current year). The all time chart looks actually far more scarier.
If I had to base my decision to invest into XMR on charts, I would stay away - with distance.
Fundamentals I am not sure.... Perhaps there are some hope for the long term investors to regain their money back? I certainly hope so....
2006  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 08:49:35 PM
Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.

Haha - still trying to push the markets down then?

Good luck meeting your somewhat risible 0.0005 target.

truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.

Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.

I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.

Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.

Nothing in the above text can be trusted.

XMR might need testing, but newcomers also need protecting.

Everything is pretty new here.
However in economics it is a general and well-known principle that everything tends to go to the equilibrium.
The equilibrium can be divided into two categories: 1) Stable 2) Dynamic equilibrium

If Crypto works at least a little bit like free markets it should try to go to the equilibrium where all the parameters should be more or less equal...
The relative high inflation of XMR compared to BTC suggests that XMR should have higher interest rate to compensate the inflation, otherwise investors are better off by dumping their Moneros and lending btc and the rate of btc drops and the rate of Monero goes up.
2007  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 08:34:18 PM
Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.

Haha - still trying to push the markets down then?

Good luck meeting your somewhat risible 0.0005 target.

truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.

Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.

I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.

Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.
2008  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 20, 2015, 08:10:18 PM
Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.
2009  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 29, 2015, 07:40:49 AM
Why dumping, this doesnīt help our Monero  Huh
I am buying and waiting with a nice cup of tea  Grin

Dumping means lower price.
Lower price means one is able to buy more coins.
If you are a long term holder, you are literally praying for cheap coins which you can cold-store.
When the emission is scarce (yes in dollars it is low even now, only a few thousand dollars per day), it is possible to go sky high and even replace bitcoin in the #1 marketcap coin. Especially in time when Monero emits with lower numbers of coins than btc.

Dumping the coins now is definetely better idea than dumping at 0.0005 levels.  Wink
Those who are bears now will be bulls when their bitcoins are needed the most desperatively by the markets.

Therefore, now is time to pay all your bills and waite until Monero finds the price where it stabilizes.
Last time Monero stabilized around 0.0009-0.0011 levels so I am expecting at least a lot of resistance on those levels.

And yes, Monero made lower highs. This bull run took us only to 0.0043 levels while the bull run in 2014 summer took it over 0.01. Chances are the bottom price is also lower than the bottom price of the previous bear market.

That being said, now is now and last time was last time. We cannot predict exactly how the coin plays out this time.
However, I personally give it relatively high probability to go sub 0.001 levels during this bear market.
2010  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 28, 2015, 06:16:09 PM
Bears like me gives market to the dumpers who come later to dump their coins.
Now I am waiting for a few persons giving up with their Moneros and then I re-enter and slowly become more bullish.  Grin

I need some serious pain and to make the trolls quiet.. Still looks like the trolls are jumping on the tables and trolling me.  Undecided
2011  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 28, 2015, 06:13:40 PM
losing my faith in monero Undecided
how low do you guys think we will go?

Same boat man!
Nobody really can tell how low it will go but all the signs are looking ugly now.
I would not like to be Monero owner these days.
A huge disadoption going as coins are being dumped.
I wonder when the Panic-Patricks are entering and starting to dump. That will be even bloodier than the current red candles.

Hello Scammer,

why do you care, you have sold a loooong time ago already?


I hate to say this but sub 0.001 is now a possibility.

0.000 is a possibility. so what. no risk no reward.

I have sold over 95 % of my coins and I have no intention to rebuy them unless I do not get them cheap enough.
If Monero ever moons big time, I am making nice money even with less than 5 % of my initial investment.
Funny thing I do not even have any temptation to buy coins at these prices.
And I sold them long time ago, not today or yesterday.



So TL;DR

Kenji -sold his coins - he says
TrueCryptionaire - sold his coins - he says
mrkavaski - sold his coins - he says


All of them tell us the same shit, at the same time, all of them are nuts. How big is the chance they arenīt affiliated?


I don't say that you are a scammer but it looks suspicious that you call people scammers who want to help others not to lose money.
I am helping the community here not to take a falling knife.
2012  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 28, 2015, 02:19:26 PM
losing my faith in monero Undecided
how low do you guys think we will go?

Same boat man!
Nobody really can tell how low it will go but all the signs are looking ugly now.
I would not like to be Monero owner these days.
A huge disadoption going as coins are being dumped.
I wonder when the Panic-Patricks are entering and starting to dump. That will be even bloodier than the current red candles.
2013  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 28, 2015, 08:26:48 AM
It is still good time to dump Monero.
The situation pricewise is getting darker and darker.

Instead of trolling me, by following me you could have saved a nice stack of money.
The trolls, wise up and follow the leader.  Grin

Up, down, up, down!!! Follow the leader!

https://www.youtube.com/watch?v=F8dFtxQMXX0

2014  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 08:40:10 PM
A lot of support up against a price that seems low with very little in the way of resistance. Support that is by definition real considering how close it is to the trading price. Bouncing off a fib retracement level (source risto). Don't want to get my hopes up too much since the big market order seller(s?) may not be done yet, but looking pretty good gentlemen. Promising indicators.

I think there is still good chances to go lower.
If the price will not move clearly above 0.003, the current mini rally is called "dead cat rally" which is only a temporal and the last breaths of the Goliath before falling in front of David's slingshot.

BTW, copngratulations on buying low... Now you have a nice chance to take the profits.  Grin There is some liquidity (not much though - even a middle size dumpster can eat all the liquidity).

Na im in it for the long haul, not to play. I may do well this one time but on the long term if i open that box it will bite me. I'm smart enough to know not to open that box. If it goes lower ill just buy more and take some profits at all time highs some day.

I wish you success.
It is against the odds and if you succeed you really have deserved it.
2015  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 08:32:32 PM
A lot of support up against a price that seems low with very little in the way of resistance. Support that is by definition real considering how close it is to the trading price. Bouncing off a fib retracement level (source risto). Don't want to get my hopes up too much since the big market order seller(s?) may not be done yet, but looking pretty good gentlemen. Promising indicators.

I think there is still good chances to go lower.
If the price will not move clearly above 0.003, the current mini rally is called "dead cat rally" which is only a temporal and the last breaths of the Goliath before falling in front of David's slingshot.

BTW, copngratulations on buying low... Now you have a nice chance to take the profits.  Grin There is some liquidity (not much though - even a middle size dumpster can eat all the liquidity).
2016  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 05:14:03 PM
Sold all my XMR. i will buy back at 0.0020-0.0015 Cool

And people laughed at me, when i cashed out at 0.0034

Risto actually ridiculed me in trollbox when I sold also around those prices.
Not coming back yet though. The charts are looking so bad and there is still plenty of room to drop lower even if we assume that the previous lows around 0.0009-0.001 are holding not to mention if we go under those figures.

But the fact is, I am making money. The bagholders aren't.

The money is coming from the treasures of the wicked into the hands of the righteous ones.

You're making money at the price of your credibility.

I was racking my brains trying to work out how someone could jettison all objectivity by wrecking their credibility like this. Phrases like 'XMR will soon be at 0.0005'.

And then it hit me: You're not used to playing with such large amounts of money. You made a large albeit risky sale and you've been shitting your pants ever since.


My credibility here is purely based on making money. Not kissing the asses of the bagholders.
2017  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 05:13:14 PM
The charts are looking indeed really bad. Now i think even numbers at sub 0.0010 are very possible imho

Oh thank you for your invaluable analysis

Do I smell a frustrated bagholder here?  Grin
2018  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 05:04:23 PM
The money is coming from the treasures of the wicked into the hands of the righteous ones.

This has to be a bad joke, or a prophesy of your own demise, in the view of some of your old quotes from the same month, visible in the previous page.

What I can say to your credit, is that your despicable character prompted me to read Hitler's biography. Apparently the guy was very opposed against liars and thieves.

Nothing in this message should be construed to mean anything above its literal meaning and must be quoted fully including disclaimer.

Theologically it is wrong actually what I claimed here. I basically put it up to provocate you.  Grin

Theologically speaking, a man can be rich and wicked but also righteous and rich.
In case of the first, the reason is G-d repays the few good deeds of a wicked with cash in his/her face so that G-d do not owe anything in the day of Judgement.
The latter case is perhaps a situation of a philantrophist who is the tool to give money to Torah learning and people coming closer to the Creator (note: not Jeshu since he is not a Creator but a wicked human being).

When it comes to Hitler's biography, I am sure he has his reasons to antisemitism. After all, he needed the support of his people to his evil deeds such as Kristallnacht or other redistributions of people's wealth and belongings.
Hitler himself was a thief and murderer.

Pricewise, if Monero ever succeeds, the payoff is not that nice (against btc) so that it would attract many investors at current prices. After all, it has to go up "only" 40 times from the current prices to reach the parity with btc(!!!). This shows how expensive Monero really is currently in relation to bitcoin.
2019  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 04:38:22 PM
Sold all my XMR. i will buy back at 0.0020-0.0015 Cool

And people laughed at me, when i cashed out at 0.0034

Risto actually ridiculed me in trollbox when I sold also around those prices.
Not coming back yet though. The charts are looking so bad and there is still plenty of room to drop lower even if we assume that the previous lows around 0.0009-0.001 are holding not to mention if we go under those figures.

But the fact is, I am making money. The bagholders aren't.

The money is coming from the treasures of the wicked into the hands of the righteous ones.
2020  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 25, 2015, 02:43:06 PM
Ouch, not a good day for XMR. Looks like ethics aren't really that important to people after all. Instamines are in, fair and equitable emission is out.

Oh the irony, that it was the dump of Otoh... kind of funny Tongue

It is not funny actually.
These are sad sad days for all the bagholders.  Cry
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