[XMR] Monero Speculation

[Anon136]

holy cow. look at that market depth

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[mmortal03]

(so 1 XMR lets you buy 100 XMR on the exchange).

If it really works that way, sign me up!

Edit: I know what you meant, but the way it's worded isn't clear.

[equipoise]

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

You guys are reading my mind. Last few days I thought a lot of such a service for those who don't have trading bots. Based on my observations of my trading bot, each new bot competing with the other bots on Poloniex in order to buy have a big impact on the buy pressure. This is a great service - just don't make your bot better and faster then mine

[Anon136]

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

You guys are reading my mind. Last few days I thought a lot of such a service for those who don't have trading bots. Based on my observations of my trading bot, each new bot competing with the other bots on Poloniex in order to buy have a big impact on the buy pressure. This is a great service - just don't make your bot better and faster then mine

What do you use?

[equipoise]

^I'll send you a PM.

[Anon136]

^I'll send you a PM.

thanks

[ArticMine]

Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

(yes, its still buying with bitcoin)

BuyMonero.net

With BuyMonero.net, you get your own bot that will place a daily buy order for an amount of XMR that you specify. If no one sells to the bot in 24 hours, your bot will make a second buy order that is sure to be filled. There is a small fee for the service - currently 1% (so 1 XMR lets you buy 100 XMR on the exchange).

We made BuyMonero.net for a couple of reasons. My primary motivation was so that I wouldn't have to always login to poloniex and follow the markets to try and get a good deal on monero. The second motivation was to allow accumulators a way to buy a lot of Monero with minimal effort.

If you're interested, please checkout the website. The following forum threads are also available for general discussion and tech support.

https://forum.getmonero.org/2/economics-and-trading/258/buymonero-net-btc-cost-averaging

https://bitcointalk.org/index.php?topic=1017131


As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

This is a great idea. One thing I must mention for cost averaging to work correctly one needs to specify a fixed amount of XBT per day not a fixed amount of XMR per day, if one is purchasing XMR with XBT.

[TrueCryptonaire]

Nobody seems to want to sell or buy Monero.
Perhaps a little more dumping going than buying, hence the price declines. Probably the miners dump, in such low volume days the miners have more impact on the price fluctuation than in days of larger volumes.
What do you think the drop in btc will cause?

My speculation:
People want to short Monero and btc and once btc hits the bottom, people convert their cash into btc which is further converted into XMR.

Currently the markets look pretty "boring"...

[Hueristic]

...Currently the markets look pretty "boring"...

Bah, no surprise this was foretasted and is panning out exactly as predicted. If people actually read this thread they would see there really is no deviation if you filter out the self serving posts.

AFA Crypto goes I would call this a pretty even Keel in the right direction. Prepare for next month or week, hmm which is it?

[villabacho]

Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

[...]

As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

Cool, thanks, I'll try it!

I understand that you don't want to publish too specific details on the bot's strategy, but it would be nice if you could publish some numbers on how much it is used (e.g. how many XMR the bot bought per week or so summed over all users)

[Hueristic]

Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

[...]

As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

Cool, thanks, I'll try it!

I understand that you don't want to publish too specific details on the bot's strategy, but it would be nice if you could publish some numbers on how much it is used (e.g. how many XMR the bot bought per week or so summed over all users)

Instead, you can program the bot to buy a certain amount of XMR per day. Over the course of weeks or months, you will (theoretically) obtain your Monero at a lower cost than if you were to place large buy orders. This is known as the (cost average effect)[http://en.wikipedia.org/wiki/Dollar_cost_averaging].

[onemorexmr]

Heya monero speculators! Onemorexmr, fluffypony and I put together something that will make it easier for everyone to buy monero!!

[...]

As this is the speculation thread, I assume you all will want some hard numbers - unfortunately, we decided that to avoid exploitation of the bot that we would not publish them. And to keep this on topic - how do you think a service like this will affect the market?

Cool, thanks, I'll try it!

I understand that you don't want to publish too specific details on the bot's strategy, but it would be nice if you could publish some numbers on how much it is used (e.g. how many XMR the bot bought per week or so summed over all users)

we will think about it again when we have a bigger amount of users. not sure whats best atm.

[e-coinomist]

Instead, you can program the bot to buy a certain amount of XMR per day. Over the course of weeks or months, you will (theoretically) obtain your Monero at a lower cost than if you were to place large buy orders. This is known as the (cost average effect)[http://en.wikipedia.org/wiki/Dollar_cost_averaging].

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

[medusa13]

deadlock indeed. i expect some action very soon, volume collapse is strong this time, everyone is waiting for others to make a move first.

dont panic!

if we go down yeah so be it, me personally thinks chances we go up are good.
lets see who pulls the trigger first

edit: buy support is massive!

[aminorex]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

[pa]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

What I love about aminorex is that he's usually right and I learn one or two new things every time I try to decipher what he's written: http://www.edwardtufte.com/bboard/q-and-a-fetch-msg?msg_id=0003uY

[vokain]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

What I love about aminorex is that he's usually right and I learn one or two new things every time I try to decipher what he's written: http://www.edwardtufte.com/bboard/q-and-a-fetch-msg?msg_id=0003uY

Could you decipher this one?
https://bitcointalk.org/index.php?topic=583449.msg11003261#msg11003261

[cAPSLOCK]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

What I love about aminorex is that he's usually right and I learn one or two new things every time I try to decipher what he's written: http://www.edwardtufte.com/bboard/q-and-a-fetch-msg?msg_id=0003uY

Could you decipher this one?
https://bitcointalk.org/index.php?topic=583449.msg11003261#msg11003261

You know Bosch painted horrific landscapes filled with sin and judgement where people and creatures indulged in gambling, carnal acts and eventually were devoured by odd creatures or each other.

Sounds just like this forum... this subforum in particular.

[Hueristic]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

What I love about aminorex is that he's usually right and I learn one or two new things every time I try to decipher what he's written: http://www.edwardtufte.com/bboard/q-and-a-fetch-msg?msg_id=0003uY

Could you decipher this one?
https://bitcointalk.org/index.php?topic=583449.msg11003261#msg11003261

You know Bosch painted horrific landscapes filled with sin and judgement where people and creatures indulged in gambling, carnal acts and eventually were devoured by odd creatures or each other.

Sounds just like this forum... this subforum in particular.

[darlidada]

That only works out on a bearish market. If the markets would be bullish, buying one chunk makes more sense. Just don't obtain that amount as the last one.

The whole point of the method, as far as I am concerned, is that it optimizes the average case under the assumption that you don't have an edge on bull/bear calls.

There are still pathologically pessimal cases, of course, but not under typical assumptions about the nature of a financial time-series.

What I love about aminorex is that he's usually right and I learn one or two new things every time I try to decipher what he's written: http://www.edwardtufte.com/bboard/q-and-a-fetch-msg?msg_id=0003uY

Could you decipher this one?
https://bitcointalk.org/index.php?topic=583449.msg11003261#msg11003261

let me be bold : i see the state feasting on its people : we are the food.