damiano
Legendary
 Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 31, 2015, 03:10:24 PM |
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evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher. They are not trying rather they're succeeding.  yep There is also no real reason to buy xmr |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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March 31, 2015, 03:10:47 PM |
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evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher. They are not trying rather they're succeeding. Nice set of charts. What do they mean? Unfortunantly it exposes the attempt at using alts as a way to gather usd before the btc usd pump. |
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bad trader
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March 31, 2015, 03:14:39 PM |
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Why can't Bitcoin be more like Monero  As far as I recall, NLC didn't like it when Sitarow first spilled the beans on this laundering thing. Is NLC a money launderer or something? |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10145
Self-Custody is a right. Say no to"Non-custodial"
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March 31, 2015, 03:18:54 PM |
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Difficult to know whether to take you seriously, Your Mother. For example, if it takes another 6 years for BTC adoption etc to double, then that would reflect a fairly slow level of adoption, and probably even you do NOT believe that. In other words, adoption, by whatever measures will likely come more quickly.... maybe more realistically, I am speculating that probably we will see another doubling of bitcoin adoption in 2-3 years or less. Surely, I would like the doubling to take place more quickly. But I suppose that there are a lot of factors that affect various adoption measures. |
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tomothy
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March 31, 2015, 03:21:17 PM |
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Would the XMR/BTC movement also help explain the downward pressure on LTC?
I.e., if you look at the Poloniex market, the trading index currencies seem to be BTC/XMR/USD.
So it looks like they're directly converting LTC to XMR, and cashing out into BTC/USD.
It looks like they accumulate ltc on btce then move to poloniex to continue the game?
I don't see a bump in BTC with accumulation though it seems they're just strictly cashing out?
Am I missing something? Won't this just result in some steady downward pressure until they've finished?
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luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
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March 31, 2015, 03:25:21 PM |
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evo coins going to monero for mixing?
Makes sense since a mixer alone can't handle that volume of btc XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher. They are not trying rather they're succeeding. Nice set of charts. What do they mean? Unfortunantly it exposes the attempt at using alts as a way to gather usd before the btc usd pump. Why wouldn't you want BTC if there is a coming pump, rather than USD? Beyond that, XMR's volume doesn't pass a basic sniff test. |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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March 31, 2015, 03:25:52 PM |
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Am I missing something? Won't this just result in some steady downward pressure until they've finished?
to cut a long story short - yes. you are seeing it happening already. but bitcoin bulls are stubborn. |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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March 31, 2015, 03:28:40 PM |
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Would the XMR/BTC movement also help explain the downward pressure on LTC?
I.e., if you look at the Poloniex market, the trading index currencies seem to be BTC/XMR/USD.
So it looks like they're directly converting LTC to XMR, and cashing out into BTC/USD.
It looks like they accumulate ltc on btce then move to poloniex to continue the game?
I don't see a bump in BTC with accumulation though it seems they're just strictly cashing out?
Am I missing something? Won't this just result in some steady downward pressure until they've finished?
Unlike the Bitstamp coins that was used to shore up USD prior to the $315 1 day pump. They may opt to either exit or do a similar BTC/USD move in the hopes of covering the exit. Unfortunantly what can be done now is record the data and review. Now is not a good time to use leverage. Also BTC is far more valuable than any alt. LTC has been valuable as an alternative network for trade. A backup as it were. However alts have been used in silance in the past as a way to bait the greedy. Don't be a victim. |
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SilenceOfTheLamb
Newbie
Offline
Activity: 28
Merit: 0
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March 31, 2015, 03:30:10 PM |
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Why can't Bitcoin be more like Monero As far as I recall, NLC didn't like it when Sitarow first spilled the beans on this laundering thing. Is NLC a money launderer or something? |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 31, 2015, 03:36:31 PM |
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This is looking ugly now
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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March 31, 2015, 03:45:19 PM |
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why only 2-3 usd movement ?
who can profit from this trade ? let it rise to 300 pls
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 31, 2015, 03:48:06 PM |
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why only 2-3 usd movement ?
who can profit from this trade ? let it rise to 300 pls
20x and 50x leverage can with a good sized position. Every dollar it ticks im making about .68 BTC currently |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 31, 2015, 03:52:02 PM |
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why only 2-3 usd movement ?
who can profit from this trade ? let it rise to 300 pls
20x and 50x leverage can with a good sized position. Every dollar it ticks im making about .68 BTC currently 50x leverage! you're kidding... one move in the wrong direction and you're done. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3008
Welt Am Draht
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March 31, 2015, 03:53:07 PM |
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why only 2-3 usd movement ?
who can profit from this trade ? let it rise to 300 pls
20x and 50x leverage can with a good sized position. Every dollar it ticks im making about .68 BTC currently Cor blimey. That would require more balls than I possess. Is there any info out there as to how many people have positions with that type of leverage? |
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Anotherthing
Newbie
Offline
Activity: 42
Merit: 0
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March 31, 2015, 03:54:35 PM |
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Hello, my name is Mr. Snrub. And I come from, uh... someplace far away. Have you gentlemen heard about Monero, the cryptocurrency that got privacy right? Or are you happy with adding "pseudo" to anonymity? http://s3.postimg.org/b5fzkfaxv/Capture.jpg |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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March 31, 2015, 03:54:36 PM |
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why only 2-3 usd movement ?
who can profit from this trade ? let it rise to 300 pls
20x and 50x leverage can with a good sized position. Every dollar it ticks im making about .68 BTC currently 50x leverage! you're kidding... one move in the wrong direction and you're done. I use 20x which isn't as bad I have orders protecting my position, but my margin call is at 274? So I think I'm safe I have a big order at 270 to protect myself |
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SilenceOfTheLamb
Newbie
Offline
Activity: 28
Merit: 0
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March 31, 2015, 03:57:51 PM |
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Hello, my name is Mr. Snrub. And I come from, uh... someplace far away. Have you gentlemen heard about Monero, the cryptocurrency that got privacy right? Or are you happy with adding "pseudo" to anonymity? http://s3.postimg.org/b5fzkfaxv/Capture.jpgJust another P&D alt. Not like Bitcoin. |
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ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 31, 2015, 03:58:44 PM |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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March 31, 2015, 04:00:01 PM |
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Hello, my name is Mr. Snrub. And I come from, uh... someplace far away. Have you gentlemen heard about Monero, the cryptocurrency that got privacy right? Or are you happy with adding "pseudo" to anonymity?  There is no privacy on a central exchange. |
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bad trader
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March 31, 2015, 04:00:16 PM |
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He's talking to himself again. |
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