aminorex
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Sine secretum non libertas
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October 29, 2015, 03:22:55 AM
Last edit: October 29, 2015, 03:40:09 AM by aminorex |
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BTCUSD is now definitely exceeding my expectations, in the duration*strength of its continued rise.
XMR is also exceeding my expectations at the moment.
It's a good place to be. I am tempted to add BTC, just because I can't see any timing reason for the extension to abort this week. (I certainly am not going to sell any XMR below 0020, so adding is the only way to play it.) The reasoning is too weak to take it seriously, however.
Non-crypto stuff I mentioned previously:
CL's dramatic recent rise appears to have spelled an end to the downtrend on a daily scale, so I am out, as of today.
XAUUSD downtrend may end soon as well, so I will soon be out; I am aiming for an 1150 exit, but my trailing stop is now down to 1165, in the worst case.
SPX triggered a stop-loss at 2050 on 10/22, so I'm waiting to go short again, which I expect to be late Tuesday or early Wednesday.
Wheat tested my patience, but I stuck with it - indeed, doubled down - and am now quite happy with it. Reducing, however, on the basis of possible USD strength.
Bearish options in EEM also tested my patience a little bit (not so much, but some). Now it is looking like my best risk/reward position, and I expect to hold it for at least a week.
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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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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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GingerAle
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October 29, 2015, 03:29:22 AM |
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Hash rate used to be about 25% higher than it is now  Why would hash rate decrease that much? (snp) took me a while, but i got it. very nice sir, very nice. |
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smoothie
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Merit: 1473
LEALANA Bitcoin Grim Reaper
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October 29, 2015, 04:42:50 AM |
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All this talk of price suppression. After not being able to leave the 130s we just had a spike to 0.001539 after strong buys throughout the day. This is after my final bid got filled while I slept last night  Its good. I can only speculate that ppl are more interested in crypto now, as bitcoin making headlines again. Also, you got Cybersecurity Information Sharing Act (CISA) passed yesterday, which could re-ignite interest in protecting ones privacy, including finanical privacy. After all, bitcoin is not very private and anonymous ( http://www.bitcoinisnotanonymous.com/) which can be concern for privacy oriented bitcoiners. I'm fairly sure that CISA is not for privacy of the average american. XMR will not bode well with those who passed CISA, I would wager. |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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XMRpromotions
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October 29, 2015, 05:41:05 AM |
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All this talk of price suppression. After not being able to leave the 130s we just had a spike to 0.001539 after strong buys throughout the day. This is after my final bid got filled while I slept last night Its good. I can only speculate that ppl are more interested in crypto now, as bitcoin making headlines again. Also, you got Cybersecurity Information Sharing Act (CISA) passed yesterday, which could re-ignite interest in protecting ones privacy, including finanical privacy. After all, bitcoin is not very private and anonymous ( http://www.bitcoinisnotanonymous.com/) which can be concern for privacy oriented bitcoiners. I'm fairly sure that CISA is not for privacy of the average american. XMR will not bode well with those who passed CISA, I would wager. I think the point was that privacy conscious people will hate CISA and may be interested in hearing about Monero. |
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owm123
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October 29, 2015, 06:21:28 AM |
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All this talk of price suppression. After not being able to leave the 130s we just had a spike to 0.001539 after strong buys throughout the day. This is after my final bid got filled while I slept last night Its good. I can only speculate that ppl are more interested in crypto now, as bitcoin making headlines again. Also, you got Cybersecurity Information Sharing Act (CISA) passed yesterday, which could re-ignite interest in protecting ones privacy, including finanical privacy. After all, bitcoin is not very private and anonymous ( http://www.bitcoinisnotanonymous.com/) which can be concern for privacy oriented bitcoiners. I'm fairly sure that CISA is not for privacy of the average american. XMR will not bode well with those who passed CISA, I would wager. I think the point was that privacy conscious people will hate CISA and may be interested in hearing about Monero. Exactly. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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October 29, 2015, 06:22:45 AM |
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All this talk of price suppression. After not being able to leave the 130s we just had a spike to 0.001539 after strong buys throughout the day. This is after my final bid got filled while I slept last night Its good. I can only speculate that ppl are more interested in crypto now, as bitcoin making headlines again. Also, you got Cybersecurity Information Sharing Act (CISA) passed yesterday, which could re-ignite interest in protecting ones privacy, including finanical privacy. After all, bitcoin is not very private and anonymous ( http://www.bitcoinisnotanonymous.com/) which can be concern for privacy oriented bitcoiners. I'm fairly sure that CISA is not for privacy of the average american. XMR will not bode well with those who passed CISA, I would wager. I think the point was that privacy conscious people will hate CISA and may be interested in hearing about Monero. My mistake I misread what was posted. My bad. |
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███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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rpietila
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October 29, 2015, 07:29:43 AM |
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I remember rpietilä calling 0,5 BTC/Monero as cheap if it has the success we all hope for  I gave a lecture about investing Tuesday, mentioned Monero now as the best EV VC investment I have ever seen in my career of 18 years. Bitcoin is inferior, and time has advanced, yet I would gladly have bought BTC for $0.5 instead of $3, although even the latter was not that bad. |
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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bitcoinvest
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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October 29, 2015, 10:35:28 AM |
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all we say is speculation...
some months ago i sold all my XMR and got a good position in ETH and looks like better investment to me and we had also great news some days ago with Microsoft. i don't say XMR is not good and things like that... but i would not buy it anymore i don't see any future on this coin.
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americanpegasus
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October 29, 2015, 01:55:17 PM |
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. Ugh, this shit. Monero is under active development. Even if the price falls further, there are a consistently higher number of people interested in it over time. I am one such person and continue to buy it. Eventually there won't be enough to go around, and no one will be willing to sell. Then the price organically rises. Dead coins with no active development don't "die", so it's silly to assume the most promising crypto project on the entire internet might. |
Account is back under control of the real AmericanPegasus.
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TrueCryptonaire
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October 29, 2015, 02:33:21 PM |
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
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3x2
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October 29, 2015, 02:35:37 PM |
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
Your signature does make sense. |
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rpietila
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October 29, 2015, 03:05:27 PM |
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I am lamenting the emission cut did not pass a year ago. Currently we just get loads and loads of cheap XMR on top of what we have, and when the value is realized in the wider audience, it feels almost as bad as a premine, with great concentrations of coin in the hands of people who already were rich and smart and forward-looking. The intention is not to punish from such qualities, but now the reward is so excessive it makes me blush  "Equal opportunity" loses some of its allure when nobody is using it (and then complain afterwards, same as with BTC) |
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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americanpegasus
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October 29, 2015, 03:08:29 PM |
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
The efficient market hypothesis is wrong, because it is based on human psychology and is unreliable in small assets. At which point did bitcoin have a higher chance of failure, the last time we were at $300 or now? If the efficient market hypothesis is correct, shouldn't it be well over $300 by now? Sometimes there are stronger forces than simply the will of all players. Also, Monero is actually keeping pace/slightly rising against the USD. Keep in mind that bitcoin is on a tear right now, and the eventual ramifications of that should be obvious. Think for yourself and don't follow the herd, even if that herd finally decides that bitcoin is a worthwhile investment. |
Account is back under control of the real AmericanPegasus.
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farfiman
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October 29, 2015, 03:09:46 PM |
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
Weren't you buying a ton just last month? |
"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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Bagatell
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October 29, 2015, 03:42:16 PM |
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Nice dumpage Okay, I put 24 k manipulation and fake wall on 0.0232. I hope to see some panic and fear now. So panic and fear happened, now what's your plan? Someone got margin called? The plan is now to waite until this calms and then start bidding it back up like crazy. The good news is it did not fall below 0.002. However, now I am looking forward if it dips below 0.002... And buy obviously. Nothing has changed in Monero but the price. |
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smooth (OP)
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October 29, 2015, 03:52:59 PM |
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
Weren't you buying a ton just last month? Markets change. Shark must keep swimming to eat. |
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wachtwoord
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October 29, 2015, 04:53:14 PM |
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I am lamenting the emission cut did not pass a year ago. Currently we just get loads and loads of cheap XMR on top of what we have, and when the value is realized in the wider audience, it feels almost as bad as a premine, with great concentrations of coin in the hands of people who already were rich and smart and forward-looking. The intention is not to punish from such qualities, but now the reward is so excessive it makes me blush "Equal opportunity" loses some of its allure when nobody is using it (and then complain afterwards, same as with BTC) People will always complain. Getting the subsidized mining out of the way as quickly as possible without killing the currency is the goal. Look at Bitcoin, it will start another growth spurt when the mining halves again. During the diluting period we can make use of the stickiness of price to not fall to hard and then get pulled up every time the rate of supply halves. Bootstrapping like this is one of Satoshi's brilliant (or lucky  ) choices. |
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smooth (OP)
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October 29, 2015, 05:46:27 PM |
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Hash rate used to be about 25% higher than it is now Why would hash rate decrease that much? Is there another PoW coin with high profitability right now or something? I'm not sure the time frame being looked at. In September 2014 hash rate peaked in the high 20s. Now it seems to be about 13, with significant fluctuations (though I'm not sure how much of that observed fluctuation is measurement error). That seems in line with the price action (in fiat) for the most part. |
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