Schickeria
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Activity: 84
Merit: 10
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September 16, 2014, 02:32:28 PM |
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Meanwhile consolidation on Stamp and Finex is not finished yet. You will all left behind when it skyrocks with a breakout upwards People talking about sky rockets for months. And no sky rocket so far, only downwards It was a semi-joke. Not a joke as consolidation in fact has not ended yet, but it looks quite bearish and nothing seems to indicate a breakuout upwards. ~400 is quite likely, ~300 also seems reasonable, and there is even potencial for a further capitulation.
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razibuzouzou
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September 16, 2014, 02:35:48 PM |
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Ristos little baby XMR is going to rally at any time now. So much fight, talk, troll about it yet it is a coin that has attracted a lot of early bitcoiners with the anonymous mentality. The whole altcoin section of this forum is like a war of children screaming for attention by the one who can troll the most. Monero featured in LetsTalkBitcoin podcast here, around 20 minutes in: https://www.youtube.com/watch?v=0qEi5fQcVaki tried to mine it once, but never got any of it, stopped caring after that. I am not a miner myself, just amazed by the fact that XMR have really brilliant crypto graphers such as Wladimir van der Laan (lead developer of Bitcoin, took over after Gavin), Gregory Maxwell, nanotube, phantomcircuit and others involved. Although I am not a developer myself, but seeing the core developers of Bitcoin uniting behind XMR is unique to me and speaks a lot of about the anonymous tech. I have not been following XMR. If developers like Wladimir has been contributing, it is time to pay attention to it. Is there a website that shows the list of developers? AFAIK, developers mentioned by Skinnkavaj are not part of this list : https://github.com/monero-project/bitmonero/graphs/contributors
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cmacwiz
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September 16, 2014, 02:42:20 PM |
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yeah! all my dedication and hard work has paid off. I would like to begin my heroic status with the following message: GABI, pls.
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Skinnkavaj
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Activity: 469
Merit: 250
English Motherfucker do you speak it ?
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September 16, 2014, 02:45:26 PM |
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Ristos little baby XMR is going to rally at any time now. So much fight, talk, troll about it yet it is a coin that has attracted a lot of early bitcoiners with the anonymous mentality. The whole altcoin section of this forum is like a war of children screaming for attention by the one who can troll the most. Monero featured in LetsTalkBitcoin podcast here, around 20 minutes in: https://www.youtube.com/watch?v=0qEi5fQcVaki tried to mine it once, but never got any of it, stopped caring after that. I am not a miner myself, just amazed by the fact that XMR have really brilliant crypto graphers such as Wladimir van der Laan (lead developer of Bitcoin, took over after Gavin), Gregory Maxwell, nanotube, phantomcircuit and others involved. Although I am not a developer myself, but seeing the core developers of Bitcoin uniting behind XMR is unique to me and speaks a lot of about the anonymous tech. Honest question, how are they involved? Are they the lead developers for Monero? or are they just contributing code here and there? One thing I've noticed is whenever alt coins are brought up on this thread its usually right before a big dump. Important information regarding development is usually on IRC network freenode. #monero-dev is the place where you can see the names currently sitting in the IRC channel. I don't think they have time to do a lot of development on Monero, they just view it as amazing technology and support the development of it. I don't regard Monero as a pump n dump, sure it will have bubbles like everything else. But I believe it is a longterm coin, and this is the only altcoin I have ever decided to invest in besides LTC. There was a reason Darkcoin rised so hard, the demand for anonymity is strong on the whole internet, but the fall of Darkcoin I associate with both the branding name and the tech it self. There is a whole story around this and for sure there is going to be that one anonymous coin in the feature. There will be a winner in the war for anonymity. I advise you to research more about the fundamentals behind the technology, the technology is what gives any altcoin value. Moneros technology which is built on that the blockchain cannot be analysed and for example if I post an XMR address here, you cannot go and look up how much I have recieved and where I sent it, UNLESS I give you permission = the viewkey. This is the coin that will defeat the stupid AML and KYC laws Bitcoin exchanges are forced to use. The regulators will understand that they are impossible to enforce.
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ChartBuddy
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Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 16, 2014, 02:59:02 PM |
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aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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September 16, 2014, 03:05:25 PM |
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What if Hedge Fund(s) have started to sell? Could it be the source of so many damn coins?
What if we had no need of speculating about this and could look up historical action of one particular BTC fund? https://bitcointalk.org/index.php?topic=337486.0What if we could use this as an indication for other funds where we do not have the data? What if the people pumping/hyping GABI had confronted reality and done this, maybe they would have been less disappointed now? SMBIT is an excellent contrarian indicator. Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave.
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Sandia
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September 16, 2014, 03:10:56 PM |
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Meanwhile consolidation on Stamp and Finex is not finished yet. You will all left behind when it skyrocks with a breakout upwards People talking about sky rockets for months. And no sky rocket so far, only downwards It was a semi-joke. Not a joke as consolidation in fact has not ended yet, but it looks quite bearish and nothing seems to indicate a breakuout upwards. ~400 is quite likely, ~300 also seems reasonable, and there is even potencial for a further capitulation. I will say it again, and get mocked for it again: If btc goes below 340-350, there is no future for btc. We have already lost so many new adopters this year. Expecting anyone with a buy in from 2014 to stick around for a 40-70% drop in value is ludicrous. Long-term growth is based on adoption, not short-term greed. It would be a Pyrrhic victory for the whales who engineered it. (Exponential growth implies exponential adoption, which implies that the vast majority of btc owners are from 2014, amirite?) Inb4 is btc dead AGAIN, remember 2012, stupid newbie (who has owned coins for 3 years...), there is no such thing as manipulation, this is consolidation, this is is the accumulation stage, etc. Discussion question: do the vast majority of early adopters believe in btc, or are they trying to get as much money out of the next "bubble" as possible, then run with the fiat? And the follow up question: does evidence from the market support one side or the other of question #1? Scary for those who think, tragic for those who feel. I am going to drink some Chang draft for the next few weeks, and try not to pray for a crash.
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Wilhelm
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Activity: 1652
Merit: 1265
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September 16, 2014, 03:13:34 PM |
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What if Hedge Fund(s) have started to sell? Could it be the source of so many damn coins?
What if we had no need of speculating about this and could look up historical action of one particular BTC fund? https://bitcointalk.org/index.php?topic=337486.0What if we could use this as an indication for other funds where we do not have the data? What if the people pumping/hyping GABI had confronted reality and done this, maybe they would have been less disappointed now? SMBIT is an excellent contrarian indicator. Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave. When the wave comes you need to be there to ride it.
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adamstgBit
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Trusted Bitcoiner
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September 16, 2014, 03:17:39 PM |
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Bittings
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September 16, 2014, 03:22:34 PM |
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CUT LOOSE YOUR INFLATING FIAT!
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adamstgBit
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Trusted Bitcoiner
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September 16, 2014, 03:23:09 PM |
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new wall on stamps just below 500
CUT YOUR LOOSE!
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N12
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September 16, 2014, 03:24:42 PM |
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CYL MOTHERFUCKERS
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madmat
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Merit: 1000
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September 16, 2014, 03:25:20 PM |
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What if Hedge Fund(s) have started to sell? Could it be the source of so many damn coins?
What if we had no need of speculating about this and could look up historical action of one particular BTC fund? https://bitcointalk.org/index.php?topic=337486.0What if we could use this as an indication for other funds where we do not have the data? What if the people pumping/hyping GABI had confronted reality and done this, maybe they would have been less disappointed now? SMBIT is an excellent contrarian indicator. Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave. How do you know that ?
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adamstgBit
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September 16, 2014, 03:28:01 PM |
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CYLMF
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aminorex
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Sine secretum non libertas
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September 16, 2014, 03:28:27 PM |
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I don't think they have time to do a lot of development on Monero, they just view it as amazing technology and support the development of it.
Everybody wants to be in on the action, the cutting edge. It's a big hammer, so everyone wants it in their toolbox. They also want to be first to know if the picture changes in a big way, often because they are invested. There have been prototyping projects which attempted to incorporate ring signature privacy enhancements into the btc codebase. It is not deemed politically viable to do so in the live net, however. Several of them have reviewed code, reviewed whitepapers, advised on the day-to-day realities of maintaining a live coin codebase, advised on architectural choices for the future robustness of XMR. Some have volunteered, and some have been compensated. Buyers usually start on XMR because it hedges on BTC, by providing technical remedies to some of its potential vulnerabilities, in a hot, ready-to-use, liquid (relative to alts) coin. No responsible person on the BTC core team should make public their investments in other coins, in my opinion. I don't regard Monero as a pump n dump, sure it will have bubbles like everything else. But I believe it is a longterm coin...
XMR is likely among the least volatile alts, because there are active market-makers, and an OTC options market. Also, relatively high emission is like a constant rain of hail, popping all speculative bubbles. Pump-n-dump'ers hate that. It is infeasible for anyone with less than a couple of million risk dollars to pump-n-dump XMR today, and that number will grow with liquidity, but fall with declining emission, over the next few years. If liquidity rises fast enough, it will always be infeasible. The regulators will understand that they are impossible to enforce.
Not until they are steam-rolled by overwhelming forces. Fortunately there is a diversity of jurisdictions, yet. As long as that is true, it will be feasible to maintain security in your private affairs. Eventually, it may not be true, but by then the vested powers will be so heavily into private crypto that their toady regulators will not be a problem. In other words: Not a problem now. Plenty of work-arounds if it becomes a problem for a while. Not a problem in the long run. Privacy is a solution, not a problem. It's a solution for a different space than bitcoin. Bitcoin is best for medium-latency publicly published financial records. XMR is best for low-latency private financial transactions. It's more like hard cash, less like a registered bond.
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aminorex
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Sine secretum non libertas
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September 16, 2014, 03:30:01 PM Last edit: September 16, 2014, 11:49:29 PM by aminorex |
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Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave.
How do you know that ? I have consulting relationships with people who have told me that they were doing it. I consider their statements to be factual because of context. EDIT: To clarify: To get a pension fund to entrust you with a billion dollars of other people's money, you have to have strong credibility. You can't talk smack. When someone like that does you the favor of disclosing information to you out of kindness or collegiality, you need to take it seriously, or you will suffer for it. I prefer not to suffer, therefore I take it seriously. I do not have that credibility. I'm just a nym in the tubes, and I talk smack whenever I feel like it, so you don't need to take my info seriously. EDIT EDIT: My speculation is based on the fact that difficulty continues to rise exponentially. Eventually self-help will be called on those contracts. If it happens simultaneously with the listing of COIN on NASDAQ, well... TEOTWAWKI. EDIT EDIT EDIT: BTW, monkey thinks long bond goes up intraday, downside is 136, upside is 136 1/2 on USZ4. Monkey is a temporary bond bull. I give it 3 days. Then he is a scary bear on u.s. duration, during october. FOMC has often frustrated the monkey, however. EDIT EDIT EDIT EDIT: Bad monkey.
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oda.krell
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September 16, 2014, 03:32:06 PM |
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If btc goes below 340-350, there is no future for btc.
2011 wants to have a word with you. $32 to $2. That was a sharp drop, not this down 75% chicken shit we might be seeing now. Still, two years later, $260, then $1200. What I'm saying is, try to avoid claims about the "future for btc" based on current price. I'm about as bearish as it gets, currently, but you don't see me throwing hissy fits about how Bitcoin is dead because we're in a bear market (and might stay in it even longer).
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madmat
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September 16, 2014, 03:40:30 PM |
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Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave.
How do you know that ? I have consulting relationships with people who have told me that they were doing it. I consider their statements to be factual because of context. Ok, thanks for this information. It is consolidating my opinion: price on exchanges is much lower than it should be. I am very optimist for the value of my bitcoins.
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klee
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Activity: 1498
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September 16, 2014, 03:43:55 PM |
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What if Hedge Fund(s) have started to sell? Could it be the source of so many damn coins?
What if we had no need of speculating about this and could look up historical action of one particular BTC fund? https://bitcointalk.org/index.php?topic=337486.0What if we could use this as an indication for other funds where we do not have the data? What if the people pumping/hyping GABI had confronted reality and done this, maybe they would have been less disappointed now? SMBIT is an excellent contrarian indicator. Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave. That is so wicked it is probably true!!!
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Hunyadi
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☑ ♟ ☐ ♚
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September 16, 2014, 03:45:16 PM |
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Smart money is dumping btc on exchanges to hold down marks for contract coins. This much I know for a fact. I then speculate: When that dam breaks, there will be a mighty wave.
How do you know that ? I have consulting relationships with people who have told me that they were doing it. I consider their statements to be factual because of context. Ok, thanks for this information. It is consolidating my opinion: price on exchanges is much lower than it should be. I am very optimist for the value of my bitcoins. Good to hear confirmation of this. If we can trust Aminorex
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