Vanderi
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July 18, 2014, 10:10:06 AM |
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Risto have you ever looked into protoshares - angelshares - bitshares?
Thanks
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Vanderi
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July 18, 2014, 10:24:12 AM |
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Risto have you ever looked into protoshares - angelshares - bitshares?
Thanks
Screw it - I sold them all and bought moar xmr.
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rpietila (OP)
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July 18, 2014, 10:44:36 AM |
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Just a small update on Monero (XMR): - I had been buying it during the uptrend so that my buying represented about 5% of the total volume. - It went a little parabolic 2 days ago, but yesterday failed the expectations so the price collapsed. - I am in a retreat (not Malla this time ) a few days, hardly online. - Because of a large number of bagholders whose destiny is to buy high and sell cheap, I expect the consolidation to continue a few days also. - It's important IMO that 0.00365 (2nd fibonacci from 0.00231->0.00581) is not violated, because that would question the legitimacy of the uptrend, and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?) - I am a long term supporter of Monero, which is a great coin.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Este Nuno
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amarha
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July 18, 2014, 11:27:25 AM |
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I had to get out at 0.0039 anyway for non-trading related reasons so if I decide to get back in this works out quite well for me. Sounds like I might have a little bit of time to decide whether or not to get back in. Despite the sell of I'd probably expect to see it bounce back soon as a lot of people who were just taking notice of the recent run up and planning on getting in now have a chance to get in cheaper than they would have anyway. And I doubt this sell off alone would be enough to shake the average person's confidence since as far as I know there is no bad news.
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GTO911
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July 18, 2014, 11:44:41 AM |
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and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
Can we just let anything grow organically? people or manipulators like you are the plague which will prove to be the fall of crypto
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Este Nuno
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amarha
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July 18, 2014, 11:50:08 AM |
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and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
Can we just let anything grow organically? people or manipulators like you are the plague which will prove to be the fall of crypto If manipulators alone are going to be the downfall of crypto then it never really had a chance anyway.
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lebing
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Enabling the maximal migration
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July 18, 2014, 11:53:25 AM |
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and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
Can we just let anything grow organically? people or manipulators like you are the plague which will prove to be the fall of crypto Nope. Manipulators have been manipulating since the very beginning and it seems to me we are doing fairly well in spite of this.
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Bro, do you even blockchain? -E Voorhees
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dgarcia
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July 18, 2014, 12:03:15 PM Last edit: July 18, 2014, 12:22:09 PM by dgarcia |
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and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
Can we just let anything grow organically? people or manipulators like you are the plague which will prove to be the fall of crypto Is not better to follow manipulation and make your deal with it? In most cases I can't find any manipulation and most of this as well as all these conspiracies (government attacks against bitcoin etc.) are not more than normal market development. But sure, where people can manipulate, they'll do. If (a) crypto would fall effected by manipulation it was to weak to survive, economic evolution. Futhermore: - It's important IMO that 0.00365 (2nd fibonacci from 0.00231->0.00581) is not violated, because that would question the legitimacy of the uptrend, and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
I can't find any manipulation in that. There's no mandatory level to catch up selling pressure.
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Neo.op
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July 18, 2014, 12:03:37 PM |
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Risto have you ever looked into protoshares - angelshares - bitshares?
Thanks
Not directed at me but I hold a good amount in those. My problem with the whole ecosystem is the screwed up distribution system: It was actually supposed to be: 1 PTS = 1.28 BTS
Dev's incompetence meant 3I couldn't mine as many as PTS they wanted. So, the new plan became: 1 PTS ~ 2 AGS = 2 BTS for you (rough estimate)
and 1 PTS = 1.28 BTS for 3I (what the f**)
So basically creating 1 share out of thin air.
1 PTS = 2 BTS for you + 1.28 BTS for 3I
Say I open an IPO asking you to donate BTC to me. Each BTC will be awarded 1000 coins each. So basically you would think: 1 BTC = 1000 N coins
but then I say, I too have a BTC which you donated so from the same BTC,
Donate BTC = 1000 N coins to me as well that is, 1 BTC = 2000 coins = 1000 to you and 1000 to me
That doesn't sound correct.
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binaryFate
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Still wild and free
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July 18, 2014, 12:11:01 PM |
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Not sure the downtrend/consolidation will last several days. For me we're more likely to go >0.0055 again within 24h than not.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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dnaleor
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Want privacy? Use Monero!
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July 18, 2014, 12:17:16 PM |
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Not sure the downtrend/consolidation will last several days. For me we're more likely to go >0.0055 again within 24h than not.
i have the same feeling. The attention on monero is rising.
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dgarcia
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July 18, 2014, 12:21:26 PM |
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Not sure the downtrend/consolidation will last several days. For me we're more likely to go >0.0055 again within 24h than not.
i have the same feeling. The attention on monero is rising. I would be positively surprised, if there's coming a longer consolidation or even lower lows.
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Brilliantrocket
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July 18, 2014, 12:39:38 PM |
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Here's my (kind of obvious, I'd say) explanation for why Monero goes through these pump and dump cycles. If the price begins to go up, mining becomes more profitable. Botnets or other big miners move in. They dump when the price is high, thus the price falls until the cycle repeats.
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Its About Sharing
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Antifragile
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July 18, 2014, 01:03:19 PM |
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Ben Lawsky's comments yesterday really are going to push the anonymous coins to the forefront imo, but I think we all saw that coming. Strongly suggest reading Eric Voorhees article regarding that here. (Glad this guy has a ton of BTC) http://moneyandstate.com/reflections-right-privacy-response-nydfs-bitcoin-proposal/
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BTC = Black Swan. BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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dgarcia
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July 18, 2014, 01:17:33 PM |
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Ben Lawsky's comments yesterday really are going to push the anonymous coins to the forefront imo, but I think we all saw that coming.
Indeed. After reading it, the scenario where bitcoin and an anon coin will exist side by side, both fulfilling different requirements became more probable than ever.
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nioc
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July 18, 2014, 03:03:46 PM |
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This is not regulation only for btc but for all "virtual" currencies. It applies not only to btc exchanges but to the alt exchanges as well. Yes this is NYS regulation (for now) but never the less it will have significant and immediate impact far beyond NY.
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devphp
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July 18, 2014, 03:06:05 PM |
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This is not regulation only for btc but for all "virtual" currencies. It applies not only to btc exchanges but to the alt exchanges as well. Yes this is NYS regulation (for now) but never the less it will have significant and immediate impact far beyond NY.
The only exchanges this has no effect on is decentralized exchanges, they could care less. By the way, there is no XMR<->NXT gateway on NXT AE yet, a profit opportunity for XMR believers.
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tacotime
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July 18, 2014, 03:08:29 PM |
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This is not regulation only for btc but for all "virtual" currencies. It applies not only to btc exchanges but to the alt exchanges as well. Yes this is NYS regulation (for now) but never the less it will have significant and immediate impact far beyond NY.
2-way peg will turn every current blockchain into a sidechain of Bitcoin and vice versa, and will enable totally decentralized trading. It'll be interesting to see what the regulators think of that. Of course, anyone mining blocks is essentially already acting as a handler of money for a third party mining blocks too. The legacy banking system is really struggling with this.
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XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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aminorex
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Sine secretum non libertas
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July 18, 2014, 03:15:05 PM |
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and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
Can we just let anything grow organically? people or manipulators like you are the plague which will prove to be the fall of crypto Every order on an open book is manipulation. You cannot accumulate XMR without moving the price -- even a dark book would still impact the market, but an open book has more (but different) impact. There is nothing wrong with this kind of manipulation. It is unavoidable. Manipulation which is tortious (bad manipulation) is stuff like self-dealing, or generally dis-informing the public (either in the market by posting orders which cannot be executed against, or via side-channels, such as press releases about flaws in the protocol).
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Este Nuno
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amarha
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July 18, 2014, 03:20:51 PM |
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The only exchanges this has no effect on is decentralized exchanges, they could care less. By the way, there is no XMR<->NXT gateway on NXT AE yet, a profit opportunity for XMR believers.
Surprising. Might be a nice way to make some extra money if XMR keeps growing.
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