meme magic
Member
Activity: 115
Merit: 10
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June 18, 2016, 12:35:07 PM |
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so hypothetical here: could the dao plunderer be a monero enthusiast, are people shorting eth for xmr, are people selling their dao for xmr, is this just the quarterly buying spree, and could smooth be behind dao exploit?
last one is :p
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KiXiNiT
Member
Activity: 100
Merit: 11
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June 18, 2016, 12:38:12 PM |
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Is the GUI atleast half way completed?
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bitebits
Legendary
Activity: 2322
Merit: 3796
Flippin' burgers since 1163.
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June 18, 2016, 12:55:29 PM |
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[...] The consistent down pressure seems far higher long term than the emission and even if it was equal to the emission then I find it hard to believe all new coins are dumped. Every single time there is a breakout there is a dump, I just cannot figure out why anyone would want to intentionally suppress the price like that (especially if they have the coins to do it: it flies in the face of self interest) and I think it's fanciful to believe it's some other coins troll. [...]
Yup, I was just thinking the very same thing these last few days. Whenever the market goes up even a few percent there's like a flood of sellers willing to market sell it back down. My only possible explanation to this is that whoever is accumulating (and has been since the last low around .0016) wants to dry all the supply at these levels before letting it go up. [...] with minimal damage so when the opportunity arises they take it. Other explanation could be that XMR is currently more coupled to the price in BTC than the dollar. XMR/BTC is mostly hovering around 0.002, but the dollar value of BTC tripled over the last year. This forces some to rebalance their portfolio since their fiat exposure in Monero tripled, even though the value of their XMR did not increase much against bitcoin. The above effect gets multiplied when the XMR/BTC ratio is increasing in favor of Monero. |
You can figure out what will happen, not when /Warren Buffett
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GreekBitcoin
Legendary
Activity: 1428
Merit: 1001
getmonero.org
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June 18, 2016, 01:03:02 PM |
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With ETH temporarily out of the way I can't see XMR below 0.035 in the next couple of days...
When was ETH implementing ring signatures again? There is a simple and delicate law in the crypto world. Never say that your coin is going to implement ring signatures. Never ever say that, in order to hurt monero. The universe will conspire and destroy your coin. Simple as that. |
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bitebits
Legendary
Activity: 2322
Merit: 3796
Flippin' burgers since 1163.
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June 18, 2016, 01:19:08 PM |
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Seems like Monero is considered as an safety haven by the market by those diversified in 'fancy featured' crypto-currencies.
I obviously agree with the current market sentiment, even though Monero is getting increasingly fancy (but cautiously and purposely) with RingCT as well.
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You can figure out what will happen, not when /Warren Buffett
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Febo
Legendary
Activity: 2758
Merit: 1288
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June 18, 2016, 01:43:58 PM |
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0.003 BTC Moneros were cheap 2 years ago, were cheap 1 year ago and especially are cheap in 2016 after Hydrogen Helix release.
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Kramerc
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June 18, 2016, 01:47:08 PM |
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Wow, I know Monero's even currently undervalued, but this thing needs to chill for a bit.
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Blazin8888
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June 18, 2016, 02:20:28 PM |
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I wont get in till it hits 3 USD...not sure if it can make it there. This could dump back to 20 cents
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TrueCryptonaire
Legendary
Activity: 1092
Merit: 1000
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June 18, 2016, 02:24:06 PM |
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At what price do you think the era of mass adoption will take its place?
That's the very point you want to be selling. The buyers are literally begging the bagholders to release a little bit goodies.
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XMRpromotions
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June 18, 2016, 02:34:25 PM |
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Impromptu AMA just began on IRC
#Monero
Join us
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Febo
Legendary
Activity: 2758
Merit: 1288
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June 18, 2016, 02:39:18 PM |
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At what price do you think the era of mass adoption will take its place?
That's the very point you want to be selling. The buyers are literally begging the bagholders to release a little bit goodies.
Sell orders on Poloniex will soon be under 200k. Only half day ago was 330k. Like this will dry out till Monday. Price must raise to change that. How high. I have no ideas. Trend that no one wants to dump/sell their Moneros i notice in past 2-3 weeks. It is not something really recent, but asks increased right now and escalated all. |
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novag
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June 18, 2016, 02:45:22 PM |
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When Monero halving?
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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Febo
Legendary
Activity: 2758
Merit: 1288
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June 18, 2016, 02:47:56 PM |
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When Monero halving?
It dont, its emission evenly decrease daily. Right now daily emission is about 3 times smaller as it was at start. |
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TrueCryptonaire
Legendary
Activity: 1092
Merit: 1000
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June 18, 2016, 02:49:29 PM |
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At what price do you think the era of mass adoption will take its place?
That's the very point you want to be selling. The buyers are literally begging the bagholders to release a little bit goodies.
Sell orders on Poloniex will soon be under 200k. Only half day ago was 330k. Like this will dry out till Monday. Price must raise to change that. How high. I have no ideas. Trend that no one wants to dump/sell their Moneros i notice in past 2-3 weeks. It is not something really recent, but asks increased right now and escalated all. Personally I am hoping Monero is able to show exceptional strength to overcome the historically strong resistance on 0.004'ish. That is something that I am looking forward to. |
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600watt
Legendary
Activity: 2338
Merit: 2106
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June 18, 2016, 03:29:41 PM |
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wow, i am impressed. was invested in monero before, bought around 0.002 and sold with a small loss @ the wrong moment. i admit that i had lost faith in monero. congrats to all of you who did not lose faith, hopefully you get rewarded big.
i hope i will find another sweet spot to get back into monero  . uhmmm, need to restore my poloniex account first. or is there any other way to get XMR? is there a wallet out now? or would i have to keep the coins on poloniex? |
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dreamspark
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June 18, 2016, 03:40:22 PM |
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Please keep in mind, when the ETH and DAO bug is fixed, we will see the reverse flow from XMR to ETH/DAO, so don't party to hard right now Its not a bug, there is no fix. Its lose lose for ETH now. They either honour the contract (as they should) and that gives the attacker 3 million ETH. Or, they hard fork . Which is completely asinine and kills the currency. imo this rise in XMR is due to the attacker converting and obfuscating some of the huge amounts of BTC he made shorting ETH before carrying out the attack. |
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DaveyJones
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June 18, 2016, 03:42:40 PM |
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I wont get in till it hits 3 USD...not sure if it can make it there. This could dump back to 20 cents
20 cents is a bit overspeculating, we have not been there once ( i guess ) afaik the ATL was 25 cents |
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birr
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June 18, 2016, 03:42:56 PM |
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IMHO, THIS is the time to release the GUI wallet...
It's now or never, come hold me tight Kiss me my darling, be mine tonight Tomorrow will be too late, it's now or never My love won't wait. Nice song; but we should persuade Vitalik to sing it for the XMR audience; maybe even create a DAO for us... Still laughing? think again. Macsga -- think I'm one of the xmr bashers? Hardly. I own a crap load of xmr. I'm a huge Monero freak. I posted that song because it feels good. Elvis lives! |
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phishead
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June 18, 2016, 03:48:00 PM |
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It amazes me that people are still viewing the price in terms of fiat.... Why would you dream about "cashing out" big time to go back to such a broken currency such as the USD and other fiat? This currency allows us to never have to deal with fiat again and can be ensured it is secure and private.
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