luigi1111
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Activity: 1105
Merit: 1000
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April 21, 2015, 02:58:04 AM |
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where the heck is this xmr coming from that these whales keep dumping in massive bulk over and over and over again? changes in the price never seem to come from changes in sentiment from the general community, but the unilateral actions of whales. what is the cause of this? when does it end?
Infinite coin exploit confirmed. IS IT TRUE? |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Anon136
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Activity: 1722
Merit: 1217
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April 21, 2015, 03:04:58 AM |
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where the heck is this xmr coming from that these whales keep dumping in massive bulk over and over and over again? changes in the price never seem to come from changes in sentiment from the general community, but the unilateral actions of whales. what is the cause of this? when does it end?
Malicious miner dumps their stash at a loss to damage the market? But why would anyone do that? |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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April 21, 2015, 03:08:44 AM |
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The descending triangle is normally a bearish pattern. The question now is will the bears follow through?
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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April 21, 2015, 03:19:00 AM |
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Market manipulation can backfire. If there is no follow-up selling the descending triangle (bearish) can easilly turn into the descending wedge (bullish).
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GingerAle
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Activity: 1260
Merit: 1008
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April 21, 2015, 03:55:50 AM |
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ITS
A
BONNET!
theoretically free XMR, dumped at whatever price for whatever profit.
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G2M
Sr. Member
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Activity: 280
Merit: 250
Activity: 616
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April 21, 2015, 03:58:44 AM |
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ITS
A
BONNET!
theoretically free XMR, dumped at whatever price for whatever profit.
or, it's icebreaker, purposely shattering yet another resistance point just to get it over with. could also be any generous individual as well. |
Wind picked up: F4BC1F4BC0A2A1C4
banditryandloot goin2mars kbm keyboard-mash theusualstuff
probably a few more that don't matter for much.
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Hueristic
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Activity: 3808
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Doomed to see the future and unable to prevent it
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April 21, 2015, 04:21:49 AM |
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He has an agenda: Sold all my XMR. i will buy back at 0.0020-0.0015  Agenda? He's just stating a fact, not trying to manipulate at all. I too am waiting for that range, but the longer it takes the less I think it's going to hit and I may be one of the panic buyers later.  |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Hueristic
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Activity: 3808
Merit: 4892
Doomed to see the future and unable to prevent it
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April 21, 2015, 04:49:31 AM |
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He has an agenda: Sold all my XMR. i will buy back at 0.0020-0.0015 Agenda? He's just stating a fact, not trying to manipulate at all. I too am waiting for that range, but the longer it takes the less I think it's going to hit and I may be one of the panic buyers later. Saying he will buy back at 0.0020-0.0015 is not stating a fact. It's a wish to the Crypto Genie.  I'd say the chance of you being correct is about 78% increasing with time. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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mrkavasaki
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April 21, 2015, 05:30:16 AM |
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See you guys at 0.002   |
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macsga
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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April 21, 2015, 07:31:02 AM |
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I have this feeling that this whole thing is due to the rise of BTC soonish. Anyone else thinks the same?
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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rpietila
Donator
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Activity: 1722
Merit: 1036
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April 21, 2015, 07:42:44 AM |
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There are no people prone to panic in Monero. And this should be known. The speculators are gone already, and are waiting for their turn to panic buy, if anything I don't see a malicious intention in the dump, it just happens with this high emission. Some miner wanted to see how long the uptrend goes, decided that it's stalled, and saw his chance to sell to the support. Normal market action. If no new money commits in the following months, we might see a downtrend to the 200k area. Because that's what the coins do, they rise quickly, and then fall slowly. But do the numbers: Monero is so small (especially in USD terms) that it can explode anytime. All the shorters were burned just 2 months ago, I don't wish anyone have such a short memory that they would try again. The speculators are now primed, as soon as the rise starts, they jump in again. 2-3 days action determines if 280k is still a support or whether it has become a resistance. The latter case means a new feast for my clients, as moderate volume will again be available at a capped price. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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sphericon
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April 21, 2015, 07:44:31 AM |
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Whatever the reason, I was just glad to wake up and pick up some more xmr at 30k sat cheaper than my buy price was yesterday. If this process isn't repeated by countless individuals in the next 24 hours as people wake up to sale prices, I will be surprised.
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rpietila
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Activity: 1722
Merit: 1036
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April 21, 2015, 07:56:24 AM |
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Price action will never more be a threat to Monero survival. As we let the above sink in, what is there to worry? We entered in the valley of death, traversed it, and now are victorious. Working and waiting that the rest of the world 1-2 investors in the following months would realize what we already know. Surprises will come, positive ones.  |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Bassica
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April 21, 2015, 09:16:18 AM |
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See you guys at 0.002 Don't get too greedy, go for 0.002347 |
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elrippo
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Merit: 1001
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April 21, 2015, 09:19:22 AM |
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Up and down it goes, a birthday roller coaster |
For Advertisement. PM me to discuss.
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toffoo
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April 21, 2015, 09:48:03 AM |
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All the shorters were burned just 2 months ago ...
How do you short Monero? |
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darlidada
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April 21, 2015, 10:00:03 AM |
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I have this feeling that this whole thing is due to the rise of BTC soonish. Anyone else thinks the same?
what makes you think btc will rise? i dont see it happen. on the contrary, im expecting for it to go below 200. maybe it'll go to test some resistance at 240, but then it will plummet like usual. we've been in a bear market for months. nothing has changed. |
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rpietila
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April 21, 2015, 10:17:55 AM |
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Markets are discounting the future. For this reason, you cannot expect the "bear market" to continue even one more day. Every day, market participants value (in this case) BTC according to all the information they have of the present and the future. This evaluation includes expectations of lower prices, and such expectations lead to lower prices today, not tomorrow, as these people sell. The belief that more and more sellers will always be found at lower and lower prices, while easy to spot from the hindsight, is usually fallacious when applied to the future. The extent of shorting BTC in all levels is at extreme and nobody thinks it will go up. Just then it will. Debunking is easy - find the people who now hold BTC and are willing to sell at lower prices. Don't know many? Me neither |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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dreamspark
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April 21, 2015, 10:29:03 AM |
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My theory from the other day still stands. A lot of the buy support is botnet miners wanting to sell higher. XMR is one of the only coins where the majority of emmision is sold. Only a few entities receive the vast majority of the newly minted coins. This means that they can constantly sell as was the case through most of the last 9 months where ask side was thin and buy orders kept getting dumped on, then when there is bullish sentiment hold off on selling causing the price to rise and accumalte coins. Then when they think the sentiment is changing start selling of the large amounts of coins accrued. Thats where all the coins keep coming from.
The emmision schedule of XMR is very good for maintaining a stable price, discounting the first mania phase it has been one of the most stable coins, relatively. There is no chance of XMR going to 0.01 and beyond (if btc stays around current price) while the emmision is still so high. Not because there isn't the money out there but it is in nobodies interest to buy up to that price and give the botnet operators more btc for the *free* coins they mint. If the mining network was not mostly botnets then more coins would be kept by miners who are actually interested in the coin and the effects of emmision would be less profound. Everyone seems to be fighting against what the emmision schedule was desinged to do, give a long distribution phase and allow many people to get a peice of the pie at a decent price.
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rangedriver
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April 21, 2015, 10:38:28 AM |
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I have this feeling that this whole thing is due to the rise of BTC soonish. Anyone else thinks the same?
what makes you think btc will rise? i dont see it happen. on the contrary, im expecting for it to go below 200. maybe it'll go to test some resistance at 240, but then it will plummet like usual. we've been in a bear market for months. nothing has changed. Well...everyone has been thinking that, but really the majority of bears are simply trying to accumulate more BTC. Hence there is no real bearish sentiment because the underlying message is essentially 'BTC has a future. Get as much as you can!!'. Once the market has a confirmed reversal, the rebound will be pretty violent. I think we're very close to that point. |
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