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Author Topic: [XMR] Monero Speculation  (Read 3312414 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
CryptoAddict
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March 18, 2016, 07:04:41 PM
 #14921

Who knows the intention of that wall.

Bitshits also had a huge wall some days ago, which was dumped into.

The wall is far away from the price, and unlikely to be touched.  So he feels safe with his large wall because no one will market dump 400000 monero into it at 200k.  But if the price got down near the wall, he would probably remove it.

Actually considering how big the wall is it makes imo perfect sense to place it so low. It would be moronic to place it at 275. If someone wants to liquidate a big amount then they pretty much have to dump to his wall.
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March 18, 2016, 07:48:33 PM
 #14922

Well there is a realer 50K wall @ 250
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March 18, 2016, 08:26:42 PM
 #14923

Wow I just looked at poloniex today the bid volumes more than doubled!

greed, for lack of a better word, is good.
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March 18, 2016, 08:38:31 PM
 #14924

Wow I just looked at poloniex today the bid volumes more than doubled!
And its all in one buy order that can be removed at the whim of one entity.
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March 18, 2016, 08:57:40 PM
 #14925

I think this may be the largest wall in the history of monero though, that's pretty cool. Right now it's 628 BTC.

0.00200000   - 314212.06604900 - 628.42413210   

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March 18, 2016, 08:58:21 PM
 #14926

Wow I just looked at poloniex today the bid volumes more than doubled!
And its all in one buy order that can be removed at the whim of one entity.

Wink yes that's true now if I was a whale and didn't want people to realize what you said, I would break my bid orders up to make it look natural. You are right I wouldn't expect much right now.

greed, for lack of a better word, is good.
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March 18, 2016, 08:59:36 PM
Last edit: March 18, 2016, 09:43:26 PM by iCEBREAKER
 #14927

I think it's reasonable to assume that the big FUD storm regarding bitcoin blocksize had made more bitcoiners interested in diversifying into altcoins, I've notice a trend of high profile bitcoin figures voicing support for various altcoins or jumping on the BTC FUD train.

"FUD train" is a bit dismissive and papers over the fact that for the first time, Bitcoin is meaningfully handing key use-cases to alts. Core's roadmap that clearly has no regard for keeping on-chain fees as cheap as possible for as long as possible, is opening the door for alts to satisfy the demand for secure & cheap transactions. Further, Core stonewalling the community, and stagnating development that's actually meaningful to users is scary.

Thus, the key thesis that Bitcoin can and will adapt when necessary, and/or adopt innovations from alt-coins (adaptive blocksize anyone?) when it's clearly advantageous to do so, is now empirically in question.

So you can count me as one of the people who's been staunchly Bitcoiin-maximalist for *years*, but is now questioning Bitcoin's direction in a fundamental way that I have not before. There hasn't been an event in Bitcoin, until now, which threatens to fundamentally change Bitcoin's longterm vision and key value. So it's pretty darn reasonable for people to start looking elsewhere. I personally haven't converted any cold-storage BTC to alts, but as you note, I'm seeing long-time Bitcoiners do so (or at least talk about it) for the first time. Core and supporters may want to take notice before the reality that Bitcoin is not operating in a competition-free vacuum hits them in the face. There's still time to fix this. But not much.


I am a Maximalist ('BTC's Holy Ledger is the Mother of All Blockchains and Father of All Settlement Networks'), but not a Maximalist Monopolist Supremacist ('only BTC should exist; all alts are scams Because Natural Monopoly and Reasons').

Like smoothie and many others, I've been advocating/predicting Nash equilibrium among Bitcoin and the (legtimate) alts since Litecoin was created.  So spare us the strawman about delusions of Bitcoin "operating in a competition-free vacuum."

Your FUD train is a FUD train, and deserves to be dismissed.  Reiterating your train of FUD doesn't change that, but confirms everything Kozi said.

Nothing fundamental in Bitcoin has changed; it still works almost perfectly.  Your Chicken Little 'sky-is-falling' panic inducement has no effect on the Honey Badger.

He doesn't really give a shit about your 'this-time-is-different-FOR-SURE' litany of fretfulness and "stonewalling/stagnating/scary" rhetoric of concern trolling.

The world adapts to Honey Badger; he does not jump through the latest trendy software hoop every time some Panicky Penelopes feel like wetting their pants over losing use cases (marginal or otherwise) to altcoins.

You even put the classic false sense of urgency in at the end of your post.  Nice touch.  Very good ad copy, what with the creation of a need/problem, offer of a solution, and final call to action.

But sorry, no sale.  Control variables like blocksize, which effect the economics and decentralization of e-cash/crypto experiments, are not going to be changed for no good reason.  We'll have segwit ASAP, so let's calm down and avoid having a Hearnia.   Wink

The proper way to expand the experimental search of e-cash state space is by creating parallel experiments with adjusted parameters.  It's best to have Bitcoin follow through on its commitment to limited/fixed blocks, while Monero tries a different approach with dynamic blocks.

Bolting onto Bitcoin the latest shiny new altcoin thing only concentrates risk and reduces diversity of options available to users.


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explorer
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March 18, 2016, 09:00:03 PM
 #14928

 
Quote
If you saw this wall and market bought Monero because of it, driving up the price, then you got tricked and are doing what the whale wants. 
And you got the moneroj you want, at a price you found acceptable.
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March 18, 2016, 09:01:17 PM
 #14929

This buy wall is really insane why is there a wall at least as big as the natural bid volumes

greed, for lack of a better word, is good.
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March 18, 2016, 09:07:01 PM
 #14930

This buy wall is really insane why is there a wall at least as big as the natural bid volumes

No one can know for sure, but I would guess its either to tempt big holders who want out to sell to them at decent discount, or to prop up trading above the wall so that they can exit their existing position at higher price.
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March 18, 2016, 09:12:03 PM
 #14931

This buy wall is really insane why is there a wall at least as big as the natural bid volumes

For entertainment purposes.  Watching it market buy would be even more entertaining though.
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March 18, 2016, 09:15:24 PM
 #14932

It's so this retard can go off again. Smiley

https://vid.me/ima7

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March 18, 2016, 09:18:07 PM
 #14933

Well said iCEBREAKER.

This buy wall is really insane why is there a wall at least as big as the natural bid volumes

No one can know for sure, but I would guess its either to tempt big holders who want out to sell to them at decent discount, or to prop up trading above the wall so that they can exit their existing position at higher price.
Those reasons are probably the most likely. Also since there is no confirm button when you trade on poloniex, an accident where you market buy or sell could potentially happen. To minimize the risk many will place either a buy order or sell order far away from current market price. I do this myself, in fact more than 100 BTC of that wall is mine. But I also placed my bid exactly on that price for fun. Which brings us another reason. Sometimes people place a big wall for lulz. It's fun to see people's reaction to crazy things.

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March 18, 2016, 09:22:05 PM
 #14934

Bump, none of the pools have upgraded yet.

To clarify this, you meant that none of the unupgraded pools have upgraded since your previous post. In fact most of the pools already upgraded some time ago.
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March 18, 2016, 09:25:22 PM
 #14935

I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?

I'm willing to accept the premise that it seems to be flowing from ETH as that dump continues. But if you look back to January 1st, the total market cap in alts has gone from less than a billion to more than $1.5 billion. That's a 30%+ jump and it's more than $500 million in new money.

Where is THAT coming from...and WHY? That's a pretty big reallocation of capital, but from where? Doesn't seem like it could be hedge funds and other financial players because Central banks are in stimulus mode.

margin trading leverage

I think this is the main thing that has changed. Polo is now the largest alt exchange and they just added margin trading several months ago. People woke up and realized they don't even need any new money to open new positions. And when they do open positions, they can open bigger ones with the same amount of capital.

Also Ethereum is something new that has attracted more new interest to the sector than anything in a while. Previous hot alts like Bitshares and Nxt were similar in their day, but that was years ago. Nothing since.

These two together have been explosive in terms of volume.
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March 18, 2016, 09:30:48 PM
 #14936

It's so this retard can go off again. Smiley

https://vid.me/ima7

Wow that video.  When was that?  Did he regret it?
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March 18, 2016, 09:32:38 PM
 #14937

It was a precursor to the 2015 rally. A few days after the guy dumped the price skyrocketed.

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March 18, 2016, 09:34:51 PM
 #14938

It was a precursor to the 2015 rally. A few days after the guy dumped the price skyrocketed.

funny times Cheesy. Learn the lesson ... dont play with monero xD it may hurt your pocket.
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March 18, 2016, 09:35:50 PM
 #14939

It was the sound of Tears falling in the rain. Cheesy

https://www.youtube.com/watch?v=NoAzpa1x7jU

L8r's gotta go gamble for real. Wink

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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March 18, 2016, 09:42:07 PM
 #14940

It's so this retard can go off again. Smiley

https://vid.me/ima7

Wow that video.  When was that?  Did he regret it?

rekt. what a tool. lol.
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