[XMR] Monero Speculation

[mrkavasaki]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

[1714761194]

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[1714761194]

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[1714761194]

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[hodlmybtc]

Wow Monero margin trading on Polo

Lending out some XMR as a test

You mean we can short XMR now?

Yes, I'm facilitating a couple shorts at the moment

Haters put your money where your mouth is and short XMR

 
 
And when that inevitable next move up comes, dudes gone get liquidated like-quick. 
 
Shorting Monero would be about the stupidest thing anyone can do, but by all means: now Haters can officially hate.

Yeah we will probably see some crazy volatility in the near future.

I like it  

[hodlmybtc]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

[futureofbitcoin]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

I'll do it if you give me 1 XMR for every XMR I short

I'll ask again: what other exchanges trades XMR and has a decent volume? i know bittrex has it cryptsy doesn't. I don't know many altcoin exchanges though.

[mrkavasaki]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

This was just an advice. I have already sold my xmr at 0.0034

[americanpegasus]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

Nah, Monero doesn't dip below 1500 satoshi even in the worst case scenario.  Likely, 2000 will hold.   
 
We will see though. 
 
One exchange has changed their reporting requirements; the currency is still the same. 

[hodlmybtc]

I'll do it if you give me 1 XMR for every XMR I short

I'll ask again: what other exchanges trades XMR and has a decent volume? i know bittrex has it cryptsy doesn't. I don't know many altcoin exchanges though.

None: http://coinmarketcap.com/currencies/monero/#markets

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

This was just an advice. I have already sold my xmr at 0.0034

Good luck if you really think you can buy back at 0.0008

[Anon136]

how do you short xmr? what is the process?

[kazuki49]

Sell now at 0.0023 and buy back at 0.0008

Shorting xmr now is not a stupid thing

I bet you're not doing it, or show a screenshot of you having shorted already in this range with a serious amount of XMR

This was just an advice. I have already sold my xmr at 0.0034

When BTC was busy mooning on Gox, did shorting exist?

You mean when willybot was busy buying all BTC with fake USD?

Counting the costs

The leaked logs show that $112 million was spent by Willy to buy approximately 270,000 bitcoin, the majority of which was bought in November 2013. This, the author claims, is predominant reason that the price of bitcoin increased so much in 2013; much more so than Chinese investments, the Silkroad takedown, and NYC trade hearings. In support of this, these bot trades coincide with increases in the bitcoin value on Mt Gox. Additionally, Markus gained around 300,000 BTC and $4 million (US) over its entire trading history. This gives a total of approximately 570,000 BTC .

[binaryFate]

I have all my monero at poloniex exchange. I haven't had the time to store them properly so I just left them there for now. I'm planning on transferring most to mymonero.com. Is that my safest bet?

It's a very safe bet, as long as you trust your computer not to be infected with keylogger-type malware.

[Anon136]

I have all my monero at poloniex exchange. I haven't had the time to store them properly so I just left them there for now. I'm planning on transferring most to mymonero.com. Is that my safest bet?

It's a very safe bet, as long as you trust your computer not to be infected with keylogger-type malware.

If you want that extra security just make a linux bootable usb.

[kazuki49]

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

It will be fair and legitimate and if by golly Monero gets there it will be one the greatest accomplishment of mankind.

[kenji]

When do you guys think $5 per xmr are possible?
Still this year?

[Anon136]

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

It will be fair and legitimate and if by golly Monero gets there it will be one the greatest accomplishment of mankind.

In the long run its a great thing. Anyone who is short will have to buy monero back at some point in order to pay back his loan anyway so its certainly not the end of the world. In the mean time they will temper the "irrational exuberance". Shorts smooth out the market and mitigate, to some extent, those giant spikes followed by crashes. I for one would rather take the stairs up than a cannon. At-least that way there is a chance of staying there. A parabolic rise is always accompanied by a crash. A smooth measured rise has a good chance of plateauing.

[americanpegasus]

 

Hilarious.  That's a short lesson as to why you DO NOT short Monero. 
 
I mean, Monero isn't another shit coin.  It has true believers, some of which who have deep pockets.  If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof. 
 
Margin call, bitch. 
 
First rule of Monero Club: Don't short Monero club.

[Anon136]

Hilarious.  That's a short lesson as to why you DO NOT short Monero.  
  
I mean, Monero isn't another shit coin.  It has true believers, some of which who have deep pockets.  If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof.  
  
Margin call, bitch.  
  
First rule of Monero Club: Don't short Monero club.

Haha and if you are a monero bull, and you can force a bunch of margin calls, its like a self fulfilling prophecy as polo auto executes monero buy orders in response to your monero buy orders.

[sphericon]

Hilarious.  That's a short lesson as to why you DO NOT short Monero.  
  
I mean, Monero isn't another shit coin.  It has true believers, some of which who have deep pockets.  If your shorts start threatening the long term reputation of Monero, all it takes is a few pennies out of the penny bank and fucking poof.  
  
Margin call, bitch.  
  
First rule of Monero Club: Don't short Monero club.

Haha and if you are a monero bull, and you can force a bunch of margin calls, its like a self fulfilling prophecy as polo auto executes monero buy orders in response to your monero buy orders.

Hah, exactly. This is why I leverage-purchased moneroj on polo last night after BCX's dump to 230.

[Wexlike]

Wow, you guys are more bullish than i am. Without a working anonymous exchange i feel really bad regarding the short/middle term. I am mostly pissed at poloniex, that is why i sold my stash and took out my btcs before tomorrow, since that is the last possible day without giving away your details, and turned into bear.

Not gonna buy back without an anonymous exchange with at least some volume.

[rpietila]

Margin call, bitch. 
 
First rule of Monero Club: Don't short Monero club.

Yeah. Please guys, don't be such idiots. I say this once, and you will be an idiot (at most) once, ok?  

Without a working anonymous exchange i feel really bad regarding the short/middle term. Not gonna buy back without an anonymous exchange with at least some volume.

As I tried to explain a few weeks ago, Monero's scenario universe is such that it either fails comparably soon, or reaches a high value somewhat later.

How does the (so far not experienced, rather completely theorized) reduction in trading volume affect the scenarios?

It does not affect the magnitude of the upside to a quantifiable extent (it is too far in the future to be affected).
It does not affect the probability of total failure to a quantifiable extent (total failure is either technological or community-induced and not correlated).
It may increase of decrease the price of the coin in the short term (hard to say which one: my knee-jerk reaction was to buy XMR as long as I conveniently can, but apparently the economic majority last night wanted BTC instead).

[GTO911]

We need a Decentralized exchange !