lyth0s
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Activity: 1260
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World Class Cryptonaire
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March 20, 2015, 02:19:30 AM |
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The bid order market depth is starting to build up again. I'd be quite happily surprised if we reached 0.003 in the next major run up.
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"Governments are good at cutting off the heads of a centrally
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networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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dreamspark
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March 20, 2015, 08:48:53 PM |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
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TrueCryptonaire
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Activity: 1092
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March 20, 2015, 08:53:31 PM |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive.  In coinmarketcap DRK is now # 5.... However it might be just short term though...? I do not own any DRK, but I should have bought it. If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right? |
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lyth0s
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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March 20, 2015, 11:42:12 PM |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive. In coinmarketcap DRK is now # 5.... However it might be just short term though...? I do not own any DRK, but I should have bought it. If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right? DRK has had some very nice gains in the past few days, but could you have known it would rise? I mean the whole masternode centralization (and running them on amazon cloud even) is the #1 fatal flaw of DRK to me and its long term success is near 0 IMO simply due to the masternode problem, because there will come a day when masternode owners (or the companies that run the servers) will become compromised to an entity that is willing to pay for the information. If DRK has little to no long term potential then an investment in it is just a gamble. XMR has a much brighter future and is not reliant on such a weak link in the system. Price today might be higher or lower than yesterday, but you can be more assured of long term gains irrespective of todays price, |
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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March 21, 2015, 12:25:46 AM
Last edit: March 21, 2015, 12:37:54 AM by ArticMine |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
I have made the case that there is a negative correlation between XMR/XBT and DRK/XBT when there are bad news on the DRK/XBT side. The events of March 10 (late March 9 in some time zones) demonstrated this very well. There was a sharp drop in DRK/XBT on strong volume as a result of the initial community reaction to the re-branding at the same time there was rise in XMR/XBT also on strong volume. Furthermore there were not any particularly significant news on the XMR side. What we are seeing now is a rise in DRK/XBT that has fallen short of the recent February high of 0.01578 on anaemic upside volume accomplished by a small downward sideways moves in XMR/XBT also on low volume. Is the correlation perfect? Of course not. In fact there are scenarios where both DRK and XMR could rise or fall in unison; however I do believe that significant negative news on the part of DRK/XBT can lead to an unexpected "out of the blue" rise in XMR/XBT. This is due to the much larger 4x market capitalization of DRK when compared to XMR. It is far from clear if the reverse holds true namely good news on the DRK/XBT leading to a fall in XMR/XBT. |
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 21, 2015, 01:42:51 AM
Last edit: March 21, 2015, 03:06:38 AM by iCEBREAKER |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive. In coinmarketcap DRK is now # 5.... However it might be just short term though...? I do not own any DRK, but I should have bought it. If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right? The rise would be more impressive if Dark-cum-Dash wasn't instamined. The instamine beneficiaries can use their free coins like the fed prints money, to manipulate markets and pump when desired. |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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smooth (OP)
Legendary
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Activity: 2968
Merit: 1198
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March 21, 2015, 02:56:58 AM |
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The rise would be more impressive if Dark-cum-Dash wasn't instamined.
It's worse than that. The instamine is effectively still going on. The way the system is setup you get around an 18% annual return on masternodes right now, so if you instamined 2 million coins you are now getting another 30000 coins per month paid to you by the system. |
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dreamspark
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March 21, 2015, 02:59:57 AM |
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The rise would be more impressive if Dark-cum-Dash wasn't instamined.
It's worse than that. The instamine is effectively still going on. The way the system is setup you get around an 18% annual return on masternodes right now, so if you instamined 2 million coins you are now getting another 30000 coins per month paid to you by the system. Yeah problem is from a speculation point of view as long as these people don't sell the price will keep going up and lets be honest that's what every alt is at this moment in time, speculation. Bet your glad you bought that 1drk now lol  |
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Joshuar
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March 21, 2015, 03:02:41 AM |
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There used be an address that owned 600k drk's around in June, and would send a few dark's here and there to users in the darkcoin thread who made positive comments and had a drk address in their sig. I suspect it was one of the addresses that got in on the instamine.
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GingerAle
Legendary
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Activity: 1260
Merit: 1008
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March 21, 2015, 03:04:23 AM |
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There used be an address that owned 600k drk's around in June, and would send a few dark's here and there to users in the darkcoin thread who made positive comments and had a drk address in their sig. I suspect it was one of the addresses that got in on the instamine.
WTF is wrong with these people? If you can know that there's an address with 600k drk's in it, how is this private? /rant |
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smooth (OP)
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Activity: 2968
Merit: 1198
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March 21, 2015, 03:08:39 AM
Last edit: March 21, 2015, 03:36:15 AM by smooth |
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There used be an address that owned 600k drk's around in June, and would send a few dark's here and there to users in the darkcoin thread who made positive comments and had a drk address in their sig. I suspect it was one of the addresses that got in on the instamine.
WTF is wrong with these people? If you can know that there's an address with 600k drk's in it, how is this private? /rant Even non-anon fastmined/instamined (or just all hoarded up by whales) alts are smart enough to break up their rich lists into a bunch of different addresses to make things look legit. Maybe that's why there "used to be" such an address though. |
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smooth (OP)
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Activity: 2968
Merit: 1198
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March 21, 2015, 03:10:09 AM |
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Bet your glad you bought that 1drk now lol Yes I am hodling! |
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 21, 2015, 03:37:52 AM |
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Bet your glad you bought that 1drk now lol Yes I am hodling! Quick! Invest it all in a MadoffNode! They're trust-free dontcha know...  |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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ArticMine
Legendary
Offline
Activity: 2282
Merit: 1050
Monero Core Team
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March 21, 2015, 03:46:18 AM |
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Actually we are currently witnessing both XMR/XBT and DRK/XBT rising. So the negative correlation does not hold all the time.
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MasterMined710
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Activity: 1182
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March 21, 2015, 06:53:38 AM |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive. In coinmarketcap DRK is now # 5.... However it might be just short term though...? I do not own any DRK, but I should have bought it. If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right? DRK has had some very nice gains in the past few days, but could you have known it would rise? I mean the whole masternode centralization (and running them on amazon cloud even) is the #1 fatal flaw of DRK to me and its long term success is near 0 IMO simply due to the masternode problem, because there will come a day when masternode owners (or the companies that run the servers) will become compromised to an entity that is willing to pay for the information. If DRK has little to no long term potential then an investment in it is just a gamble. Masternode blinding and other improvements will prevent spying. Unlike monero, Darkcoin/DASH Devs are hard at work implementing game changing new features and constantly improving them. |
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drawingthesun
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Activity: 1176
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March 21, 2015, 06:57:02 AM |
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Masternode blinding and other improvements will prevent spying.
Unlike monero, Darkcoin/DASH Devs are hard at work implementing game changing new features and constantly improving them.
My understanding is that the Monero developers have been hard at work making the fundamentals of the currency secure and reliable, something that a lot of people want. |
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smooth (OP)
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Activity: 2968
Merit: 1198
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March 21, 2015, 07:01:13 AM |
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Masternode blinding and other improvements will prevent spying.
Unlike monero, Darkcoin/DASH Devs are hard at work implementing game changing new features and constantly improving them.
My understanding is that the Monero developers have been hard at work making the fundamentals of the currency secure and reliable, something that a lot of people want. Didn't you hear, MasterMined710 has secret inside information about how the Monero developers are not hard at work? Either that or he is a dick who likes to flippantly dismiss other people's efforts (largely volunteer efforts at that) in order to pump his favorite coin. You decide. |
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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March 21, 2015, 07:48:43 AM |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
Indeed the rise of DRK looks impressive. In coinmarketcap DRK is now # 5.... However it might be just short term though...? I do not own any DRK, but I should have bought it. If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right? The rise would be more impressive if Dark-cum-Dash wasn't instamined. The instamine beneficiaries can use their free coins like the fed prints money, to manipulate markets and pump when desired. Are you telling me the instamined coins are actually good investment vehicles if you are able to acquire them for low price? |
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TrueCryptonaire
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Activity: 1092
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March 21, 2015, 08:00:47 AM |
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Actually we are currently witnessing both XMR/XBT and DRK/XBT rising. So the negative correlation does not hold all the time.
Yes, some traders might take profits from drk and buy xmr. Monero is also very easy to pump. I remember I bought a couple of days ago Moneros worth of a few dollars and it cause the price rise of 1-2 %. There are sell orders of 0.1-1 XMR per price point often and as the price is sub 1 usd each so you can imagine what happen if someone market buy 5 USD to those markets.  The sell walls are the places to go when someone wants big amounts of coins without causing large price rise. |
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mrcashking
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March 21, 2015, 09:47:46 AM |
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I think monero will encrease soon.
It will pump but try to sell them quick couse at the end will be crap.
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