[XMR] Monero Speculation

[XMRpromotions]

- additional exchanges are being talked to

As if that is the problem when liquidity is already too low. You can further dilute liquidity across more exchanges.

Okay it perhaps provides access for some more investors. But access is not likely the major issue limiting Monero investment.

It provides resiliency, even if largely unused. Dash trading was potentially disrupted by the implosion of Cryptsy and the delisting on Bitfinex. Fortunately they could just move over almost instantly to Poloniex and Bittrex, which previously had very little Dash trading.

In addition to increasing CryptoNote to CryptoNote liquidity (Poloniex offers the most CryptoNote trading pairs but is missing Aeon) convincing Shapeshift to accept Boolberry and Aeon will increase resiliency for everyone in case any existing exchanges close down or implement more burdensome restrictions on their customers (identification documents, trading restrictions, etc).

More liquidity for CryptoNote coins on Shapeshift should in theory lead to both better prices and higher exchange limits. Please show your support by contacting Shapeshift if you agree.

https://twitter.com/XMRpromotions/status/689328498893144064

I have made efforts to contact other exchanges regarding Monero but no news (that I am aware of) is imminent. More large exchanges are likely to add us in time but it will not happen overnight. China should be an important focus for us this year.

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[nioc]

Anyone kicking himself for not having bought as much as they were planning to, during this long plateau we seem to leave now?

I'm kicking myself for not buying more than I planned to.


"All i know is bitcoin is http, and monero is https."  moneromooo

[iCEBREAKER]

Anyone kicking himself for not having bought as much as they were planning to, during this long plateau we seem to leave now?

Nope.  I went 'all in' by rebalancing my 50/50 BTC/XMR position in the 0.0010 to 0.0012 range.

I'm very satisfied with that decision, and now very happy to lend my XMR to anyone brave enough to short the market.

It's like proof of stake, but without all the shitty side effects (besides trusting Polo).   

"All i know is bitcoin is http, and monero is https."  moneromooo

Oh snap!  That's epic.  How did I miss it?  IRC?

[iCEBREAKER]

Shorts are being bent over and spanked.  New monthly high achievement unlocked.

There are hardly any shorts (despite no shortage of people who talk as if they would). I've watched the lending market and seen almost no demand, and relatively little supply.

There may be off-exchange shorts, for example, people who sold hoping to buy lower, and are now risking a spanking by the FOMO paddle.

I saw available for lending XMR go up to ~50k (a new high) before the our rally started, when Dash was still spiking.

Now the ~0% almost free ones are long gone, we're down to ~30k, and my offers are being nibbled gobbled.

I concede you watch the market more closely than I, but IMO there are ~10-20k XMR in (deeply underwater) short positions.

[smooth]

Shorts are being bent over and spanked.  New monthly high achievement unlocked.

There are hardly any shorts (despite no shortage of people who talk as if they would). I've watched the lending market and seen almost no demand, and relatively little supply.

There may be off-exchange shorts, for example, people who sold hoping to buy lower, and are now risking a spanking by the FOMO paddle.

I saw available for lending XMR go up to ~50k (a new high) before the our rally started, when Dash was still spiking.

Now the ~0% almost free ones are long gone, we're down to ~30k, and my offers are being nibbled gobbled.

I concede you watch the market more closely than I, but IMO there are ~10-20k XMR in (deeply underwater) short positions.

Okay 10-20k = 14-28 BTC = hardly any to me.

Volume is 175 BTC today. So 10-20K XMR in shorts needing to cover (all in one day) wouldn't account for much of that. I wouldn't want to be them though.

[primer-]

Has it forked again ? Difficulty is way lower than it usually is! Expecting all time low (low 4xxx 's) 8 hours from now...

[dEBRUYNE]

I noticed most bots are setting there asks in front of that 11.5k wall, therefore creating (huge) resistance. So, time to tear that wall down 

[smooth]

Has it forked again ? Difficulty is way lower than it usually is! Expecting all time low (low 4xxx 's) 8 hours from now...

I see no evidence of a fork. Seems like the usual fluctuations, although i would agree it is odd to see the difficulty dropping as the price is rising. Good time to mine.

[primer-]

Has it forked again ? Difficulty is way lower than it usually is! Expecting all time low (low 4xxx 's) 8 hours from now...

I see no evidence of a fork. Seems like the usual fluctuations, although i would agree it is odd to see the difficulty dropping as the price is rising. Good time to mine.

It's far from usual, hover over the current rate/time then look a week or a month back, it is usually in the 8xx range..
http://www.coinwarz.com/difficulty-charts/monero-difficulty-chart
I'm expecting 45xxx in 8 hours..

[smooth]

@primer- I didn't mean in magnitude, just that fact that it fluctuates by as much as 50% frequently.

Clearly the hash rate is lower now than it has been even with lower prices. That is unusual. As I said, likely a good time to mine. Gentlemen, start your miners!

[iCEBREAKER]

Shorts are being bent over and spanked.  New monthly high achievement unlocked.

There are hardly any shorts (despite no shortage of people who talk as if they would). I've watched the lending market and seen almost no demand, and relatively little supply.

There may be off-exchange shorts, for example, people who sold hoping to buy lower, and are now risking a spanking by the FOMO paddle.

I saw available for lending XMR go up to ~50k (a new high) before the our rally started, when Dash was still spiking.

Now the ~0% almost free ones are long gone, we're down to ~30k, and my offers are being nibbled gobbled.

I concede you watch the market more closely than I, but IMO there are ~10-20k XMR in (deeply underwater) short positions.

Okay 10-20k = 14-28 BTC = hardly any to me.

Volume is 175 BTC today. So 10-20K XMR in shorts needing to cover (all in one day) wouldn't account for much of that. I wouldn't want to be them though.

Loan offers down to 28.5k.  Loan rates rising very quickly from here.

~15k in short covering is enough to eat the wall protecting 0.00145.

But bids above 14 are thin.  Very exciting!   

Speculation: Dash being suppressed as XMR loan fees require constant liquidation of scamcoin collateral.  And the upcoming fair relaunch of Dash Classic can't be helping!

[TPTB_need_war]

Don't tell me BCX will finally make good on his threat  

[dEBRUYNE]

Has it forked again ? Difficulty is way lower than it usually is! Expecting all time low (low 4xxx 's) 8 hours from now...

I see no evidence of a fork. Seems like the usual fluctuations, although i would agree it is odd to see the difficulty dropping as the price is rising. Good time to mine.

It's far from usual, hover over the current rate/time then look a week or a month back, it is usually in the 8xx range..
http://www.coinwarz.com/difficulty-charts/monero-difficulty-chart
I'm expecting 45xxx in 8 hours..

If it would really go that low it would be a bit unusual indeed, but so far it looks pretty normal.

[smooth]

And the upcoming fair relaunch of Dash Classic can't be helping!

ANN thread?

[dEBRUYNE]

Shorts are being bent over and spanked.  New monthly high achievement unlocked.

There are hardly any shorts (despite no shortage of people who talk as if they would). I've watched the lending market and seen almost no demand, and relatively little supply.

There may be off-exchange shorts, for example, people who sold hoping to buy lower, and are now risking a spanking by the FOMO paddle.

I saw available for lending XMR go up to ~50k (a new high) before the our rally started, when Dash was still spiking.

Now the ~0% almost free ones are long gone, we're down to ~30k, and my offers are being nibbled gobbled.

I concede you watch the market more closely than I, but IMO there are ~10-20k XMR in (deeply underwater) short positions.

Okay 10-20k = 14-28 BTC = hardly any to me.

Volume is 175 BTC today. So 10-20K XMR in shorts needing to cover (all in one day) wouldn't account for much of that. I wouldn't want to be them though.

Loan offers down to 28.5k.  Loan rates rising very quickly from here.

~15k in short covering is enough to eat the wall protecting 0.00145.

But bids above 14 are thin.  Very exciting!  

Speculation: Dash being suppressed as XMR loan fees require constant liquidation of scamcoin collateral.  And the upcoming fair relaunch of Dash Classic can't be helping!

You can see the total offers over time here -> http://monerodice.pd.to/polo.php

It seems indeed various traders are taking out loans and putting them in front of the wall (the 11.5k). In addition, like I said before, various bots are also placing asks in front of the wall. Therefore, it induces (major) resistance currently. I think it will significantly break out once we tear down that wall.

EDIT: Weighted average borrow/interest rate is currently between 0.85% and 0.95%, whereas it was between 0.01% and 0.03% yesterday. This confirms a lot of shorts are taken out currently.

[newb4now]

Shorts are being bent over and spanked.  New monthly high achievement unlocked.

There are hardly any shorts (despite no shortage of people who talk as if they would). I've watched the lending market and seen almost no demand, and relatively little supply.

There may be off-exchange shorts, for example, people who sold hoping to buy lower, and are now risking a spanking by the FOMO paddle.

I saw available for lending XMR go up to ~50k (a new high) before the our rally started, when Dash was still spiking.

Now the ~0% almost free ones are long gone, we're down to ~30k, and my offers are being nibbled gobbled.

I concede you watch the market more closely than I, but IMO there are ~10-20k XMR in (deeply underwater) short positions.

Okay 10-20k = 14-28 BTC = hardly any to me.

Volume is 175 BTC today. So 10-20K XMR in shorts needing to cover (all in one day) wouldn't account for much of that. I wouldn't want to be them though.

Loan offers down to 28.5k.  Loan rates rising very quickly from here.

~15k in short covering is enough to eat the wall protecting 0.00145.

But bids above 14 are thin.  Very exciting!  

Speculation: Dash being suppressed as XMR loan fees require constant liquidation of scamcoin collateral.  And the upcoming fair relaunch of Dash Classic can't be helping!

You can see the total offers over time here -> http://monerodice.pd.to/polo.php

It seems indeed various traders are taking out loans and putting them in front of the wall (the 11.5k). In addition, like I said before, various bots are also placing asks in front of the wall. Therefore, it induces (major) resistance currently. I think it will significantly break out once we tear down that wall.

EDIT: Weighted average borrow/interest rate is currently between 0.85% and 0.95%, whereas it was between 0.01% and 0.03% yesterday. This confirms a lot of shorts are taken out currently.

Thank you for the analysis

[bclcjunkie]

aaand the bitch war against bitcoin goes on... this time Vivek Wadhwa..

https://www.washingtonpost.com/news/innovations/wp/2016/01/19/r-i-p-bitcoin-its-time-to-move-on/
http://techcrunch.com/2016/01/19/is-bitcoins-promise-going-up-in-smoke/

good thing loaded up right around 0.0010xx levels... feels good so far..

[Hueristic]

Anyone kicking himself for not having bought as much as they were planning to, during this long plateau we seem to leave now?

Set my orders to low and didn't get much before the upswing. C'est la vie.

[iCEBREAKER]

And the upcoming fair relaunch of Dash Classic can't be helping!

ANN thread?

[ANN] thread and website debut will coincide with Evolusham "demo" in Miami.

PM if you want to help relaunch Dash fairly, without an instamine and shady Foundation.

Let's return to the original vision of Darkcoin!

[smoothie]

looks like a temp spike up ...may go into the 0.0015-0.002 range...while bitcoin is pulling back.

But I also expect it to come back when bitcoin rises again...

UP.....DOWN....DANYO SAN!