[AEON] Aeon Speculation

[americanpegasus]

I would suggest taking a stop back and looking at the volume levels in the weekly chart. https://bitcoinwisdom.com/markets/poloniex/xmrbtc both in terms of XMR and the XBT. The volume numbers since February 2016 are consistently way higher by approximately a factor of 4 than the historical levels going back to 2014. This is indicative of a fundamental change in over the last two months.

To be honest, and you know I am the biggest Monero maximalist out there, it looks like our vertical ascent may have over-extended itself a tad.  I think it's not unthinkable we may face a consolidation/correction period where we bounce off some support.  When people in the Polo troll box start saying things like 'the Monero scam pump is over! ha ha' then you know we are ready to resume launch.

Bit early to say that IMO. We are at a very important level technically. Sure the ascent has been steep but there is no indication thus far that this run is over, though I would like to pick up a few k at a lower price than this.

What are you doing with your 440,000 aeon stash? Why are you not market making or pushing the market around in that smaller paddling pool?

Cross posting from XMR thread because I have seen this asked numerous times. If you do nothing and leave 400k Aeon on Bittrex you continue to subject yourself to the risk that your account or the exchange is hacked or otherwise collapses. Despite your prior comments that you plan to hold for the long term, some observers may worry about whale dumps when they look at the current Bittrex distribution chart.

Aeon is my second favorite CryptoNote coin and you are viewed as one of its leaders. It baffles me why you would not use proper cold storage for a stake so large of something you intend to hold long term.

If you need technical assistance there are many people who can help. Most of the Monero cold storage guides can easily be adapted for Aeon.

I was honestly trying to wait for an Aeon GUI as the only secure computers I have are little Celeron weenies (which I'm not sure will run a full Aeon client).  Command lines stress me out, especially third party tools like simplewallet - there's nothing like the relative security of knowing that you have a Linux computer that has only ever accessed the exchange once, and that was to withdraw to a GUI wallet (what I did back in the Dogecoin days). 
 
Also from what I understand, there is no tool yet to check whether an Aeon cold address actually received the funds - even if you send them to one.  I'm looking at a couple of 64-bit Asus i5-processor boxes that I could use for running an Aeon wallet - let me work on that for a week or two.  I know the lack of a GUI helps keep out n00bs in these cryptonote projects, but you also create the counter-risk of having half-peasants like me feel like an exchange is the most secure place for their funds, lest they accidentally send them off into space or lose private keys by copying something wrong from a Linux command line. 
 
There are lots of n00bs now getting into Cryptonote and the lack of GUIs is becoming more and more of a hurdle every day - I have introduced several people even less tech savvy than myself to these cryptos in the past months, but these are people who are delighted and excited by trading Bitcoin on an exchange for the first time - the concept of creating an Aeon cold address and sending funds to it on a Linux distro would be 'rocket science' for them and utterly outside of their skill set, even with significant support.  Indeed we have created a scenario that instead of protecting n00bs actually gives them just enough rope to hang themselves. 
 
I know the community has been growing increasingly agitated with me for leaving my Aeon on an exchange, and for good reason - the likelihood of another Gox or Cryptsy is significant, no matter how trustworthy or professional the exchange seems.  So I'm sorry for that - it's not out of apathy or laziness.  It's simply due to me taking my time to find the best option I'm comfortable with that can provide long term security.  I had hoped the GUI could be an effective bridge in this regard, but I am getting the vibe that proper GUIs might be months away for these projects, forcing me to consider other options.

[AltcoinScamfinder]

So Monero is rubbish now? Its strange to see monero devs or supporters jumping/launching a new coin. Its only shows luck of faith into monero, and it seems as xmr is already a lost cost, so it time to start new coin.

Monero was created to make money for the Devs, nothing else.

[smooth]

@AP: "Also from what I understand, there is no tool yet to check whether an Aeon cold address actually received the funds - even if you send them to one"

I could be convinced to merge the view key watch wallets. It isn't that big a task, but there hasn't been a lot of demand for it either. You still need your own node to rely on that though.

(or someone else could make a PR -- I don't know if we have any other programmers hanging around AEON, but I would guess so)

[LucyLovesCrypto]

@AP: "Also from what I understand, there is no tool yet to check whether an Aeon cold address actually received the funds - even if you send them to one"

I could be convinced to merge the view key watch wallets. It isn't that big a task, but there hasn't been a lot of demand for it either. You still need your own node to rely on that though.

(or someone else could make a PR -- I don't know if we have any other programmers hanging around AEON, but I would guess so)

I am not a programmer but am a pragmatist. How would the difficulty of the PR above (option 1) compare to the difficulty of cloning this tool: http://xmr.llcoins.net/checktx.html (option 2)?

If option 2 is easier would that be a better option to increase the appeal of proper security for those new to the command line? Option 2 does not require running a node. It only requires you have a valid address, view key, transaction hash and the ability to cut/paste.

[adhitthana]

I know the community has been growing increasingly agitated with me for leaving my Aeon on an exchange, and for good reason - the likelihood of another Gox or Cryptsy is significant, no matter how trustworthy or professional the exchange seems.

Fortunately for you a hacker is unlikely to be looking for Aeon 

[adhitthana]

Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.

Flexible on price but must be bought as one bulk purchase.

Message me all offers. I'll be around for a bit today.

I'm looking to buy more but probably not that many

[smooth]

@AP: "Also from what I understand, there is no tool yet to check whether an Aeon cold address actually received the funds - even if you send them to one"

I could be convinced to merge the view key watch wallets. It isn't that big a task, but there hasn't been a lot of demand for it either. You still need your own node to rely on that though.

(or someone else could make a PR -- I don't know if we have any other programmers hanging around AEON, but I would guess so)

I am not a programmer but am a pragmatist. How would the difficulty of the PR above (option 1) compare to the difficulty of cloning this tool: http://xmr.llcoins.net/checktx.html (option 2)?

If option 2 is easier would that be a better option to increase the appeal of proper security for those new to the command line? Option 2 does not require running a node. It only requires you have a valid address, view key, transaction hash and the ability to cut/paste.

The tool relies upon the moneroblocks web site (API). Someone would need to port that to AEON and host it, which would also give us a standalone block explorer not part of minergate or chainradar. That may be easier for someone more comfortable with web application deployment than programming.

[adhitthana]

Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.

Flexible on price but must be bought as one bulk purchase.

Message me all offers. I'll be around for a bit today.

Well that got the price down

[aeoncurrency]

Question about anything Aeon related? Participate in AAAT #5 on Reddit!

https://www.reddit.com/r/Aeon/comments/4cegrr/aeon_ask_anything_tuesday_aaat_5/

You can ask about Cryptopia, development progress, network hash rate, wallet security, mining or anything you are curious about!

[jwinterm]

Some major dumps on bittrex today:


Looks like someone was in a hurry to get rid of ~85k aeon.

Edit: someone could come fill all my buy orders on Cryptopia and arb them over to Bittrex for a quick 0.002 BTC or so

[Nxtblg]

Some major dumps on bittrex today:

Wowie...goes to show ya that it makes sense to put in lowball bids when ICO Fever^TM is racing through the swamps.

[kennyP]

Some major dumps on bittrex today:

Wowie...goes to show ya that it makes sense to put in lowball bids when ICO Fever^TM is racing through the swamps.

does indeed, damn shame I missed that dump

AEON is a good 2nd tier coin

[CrazyLoaf]

Hi. Anyone interested in doing a sizable OTC sale of Aeon? I have 178+ in trust on here and can pay in BTC. Thanks!

[rangedriver]

Hi. Anyone interested in doing a sizable OTC sale of Aeon? I have 178+ in trust on here and can pay in BTC. Thanks!

I'd be surprised if anyone would want to sell a large amount OTC as there's currently something of a shortage. You could try doing what everyone else does: slowly yet feverously accumulating.

Aeon's currently in a bit of a quiet period, so if you're prepared to be patient then it's possible at least.

[d-trix]

Some major dumps on bittrex today:

Wowie...goes to show ya that it makes sense to put in lowball bids when ICO Fever^TM is racing through the swamps.

Glad my low buy orders got filled with those dumps.

[Nxtblg]

Some major dumps on bittrex today:

Wowie...goes to show ya that it makes sense to put in lowball bids when ICO Fever^TM is racing through the swamps.

Glad my low buy orders got filled with those dumps.

Congrats.

[smooth]

Hi. Anyone interested in doing a sizable OTC sale of Aeon? I have 178+ in trust on here and can pay in BTC. Thanks!

I would escrow if anyone is interested. Work out the details between you.

[rangedriver]

Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each.

Eh? I don't know where you're getting that figure from.

As far as I'm concerned Aeon will be going all the way up to 0.001 as a bare minimum.

[adhitthana]

Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.

Flexible on price but must be bought as one bulk purchase.

Message me all offers. I'll be around for a bit today.

Did anything happen with this?

Did we see 230T move on the blockchain?

[smooth]

Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.

Flexible on price but must be bought as one bulk purchase.

Message me all offers. I'll be around for a bit today.

Did anything happen with this?

Did we see 230T move on the blockchain?

I don't think any of the cryptonote chain explorers make it easy to answer that (they don't even display the number of coins moved in each block).

Someone could write a program to do it of course.