[XMR] Monero Speculation

[smooth]

I'm also sick of seeing this monero thread bumped to the front page of the altcoin discussion page by the same few posters. At last it's slightly more bearable than the 15 different monero threads but still almost every other altcoin sticks to the less trafficed altcoin announcement page

I know how you feel, I have asked the devs to abandon this sinking ship full of rats and holes that is bitcointalk, they wont hear, its doing harm to Monero having the majority of its discussion in an alien forum, about the rest of your rant, you just hate us cause you aint us.

Stills this forum in inevitable to get those to hear about Monero, who still didn´t. The GetMonero Forum is more like the Inner Circle for those people that did. BCT is like the Social Media Platform for Cryptos.

This is the convenient part to us, but for the ones like legit_chocolateface that may see Monero as a threat to their shitcoin investment, its a reason to troll, so pretty much everyone on crypto already knows about Monero, the next step now is getting in the ears of those who don't, and it cannot be this way IMO, buried in the bitcointalk - altcoin section some few threads of pure platinum bits among thousands of scams and trolls.

If all that was being done were threads on bitcointalk then you would be right and we are doomed. But that is not all that's being done. Monero has been on Let's Talk Bitcoin, David has done some live talks, there were a series of meetups all over Europe this month, etc. We're also on reddit, twitter, and we have our own forum. (Though the last is the absolute worst way to reach any new people, almost by definition.) Finally, many of us discuss Monero with our personal contacts who are totally outside of the existing cryptocurrency universe.

If you have other ideas how to reach more people and help the project in terms of greater awareness, please speak up, or better yet, go do them.

[smooth]

High supply inflation means that none of us really has any incentive to pump XMR.

I am aware of one notable exception to this general rule:  If you are aware of largish margined short positions, there is very little reason not to take their money.  In case you are unfamiliar with the process of running stops, it is as simple as placing a sell order just over the price at which margined positions are forced closed, and sweeping the market up to that price.  If you have the required data and do the math, it is as close as you can come to a guaranteed profit, and in a low cap market like this, it doesn't take much capital.  The down side to that is: As thin as the market is, there just isn't that much to be gained by it either;  I don't have the position info, but I do observe that the lend rates on XMR are miniscule, which means demand is quite low, which means positions are quite small, which means running stops just isn't going to net you a large win right now, limited as it is to a small fraction of the outstanding margined short position sizes.  What risk there is in the process comes from sellers on the side-lines dashing in to front-run your reaping order.

I'd only try that strategy if I owned the exchange and could see the stops exactly.

And yet some still doubt that the unregulated, non-transparent Chinese exchanges with high leverage ratios and pathetic GPG skills are crooked as all fuck. People just want to believe.

[hodlmybtc]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

[dreamspark]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Shame I've already done it. Someone has some bots going that raped this the last time they did it.

[iCEBREAKER]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

[vokain]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

Was just thinking a bit earlier while watching that exchange, I think his mentoring to me inadvertently is making me act the same way with Monero as he did with Bitcoin way back when. And I never did get to mine BTC, but I can proudly say that I was a MRO miner.

[rdnkjdi]

Any ideas on why Monero is lower than Bytecoin - have they had development or something going on over there?

I'm not the XMR evangelist many of you are in this thread but.  When I see Bytecoin surpass it - strikes me as a bullish signal for Monero ... I picked more up o.O

[Anon136]

Any ideas on why Monero is lower than Bytecoin - have they had development or something going on over there?

I'm not the XMR evangelist many of you are in this thread but.  When I see Bytecoin surpass it - strikes me as a bullish signal for Monero ... I picked more up o.O

Bytecoin has the vast majoirity of the units held by a single entity. So only a tiny fraction of it is trading on the market. Yet the market capitalization is a function of the last agreed upon price times the entire currency supply. So its basically a trick and the market capitalization value is completely meaningless. If the big holder sold even a tiny fraction of his holding he would drive the price down to one over infinity. So basically, the market cap of bytecoin couldn't possibly be more meaningless. May as well consult an astrologer.

[QuantumQrack]

Any ideas on why Monero is lower than Bytecoin - have they had development or something going on over there?

I'm not the XMR evangelist many of you are in this thread but.  When I see Bytecoin surpass it - strikes me as a bullish signal for Monero ... I picked more up o.O

Monero is the premier Cryptonote currency.  Not sure exactly what you are talking about.

[rpietila]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Even Nazis. 

By Nazis, do you mean NSDAP? Or the ashkenazi who have projected their own actions to what Nazi stands for to most of people these days? Also is everyone who calls themselves Jew actually a Jew? Khazars in Israel are sterilizing the Ethiopian Jews (who have a longer history of being a part of the Jewry than the Khazars themselves!). Forced sterilization was taught to me to be a Nazi practice, so perhaps Israel=Nazi actually..

No offence if any of the readers supports Israeli policies but you gotta be clueless to condemn the NSDAP for the same actions!

[iCEBREAKER]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

Was just thinking a bit earlier while watching that exchange, I think his mentoring to me inadvertently is making me act the same way with Monero as he did with Bitcoin way back when. And I never did get to mine BTC, but I can proudly say that I was a MRO miner.

I felt like part of history cracking pre-ASIC BTC blocks, but MRO's difficulty started too high for me to get more than a couple.

Thanks for reminding me I should be equally as proud of them!          

[rangedriver]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

Was just thinking a bit earlier while watching that exchange, I think his mentoring to me inadvertently is making me act the same way with Monero as he did with Bitcoin way back when. And I never did get to mine BTC, but I can proudly say that I was a MRO miner.

I felt like part of history cracking pre-ASIC BTC blocks, but MRO's difficulty started too high for me to get more than a couple.

Thanks for reminding me I should be equally as proud of them!        

I still get a mild dopamine rush when seeing the letters MRO.  

Kinda the same sensation as you would get when seeing money on the street, or scoring a three-pointer basketball shot without the ball hitting the rim or backboard.

^Swisssshhh!

[Johnny Mnemonic]

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

Was just thinking a bit earlier while watching that exchange, I think his mentoring to me inadvertently is making me act the same way with Monero as he did with Bitcoin way back when. And I never did get to mine BTC, but I can proudly say that I was a MRO miner.

I felt like part of history cracking pre-ASIC BTC blocks, but MRO's difficulty started too high for me to get more than a couple.

Thanks for reminding me I should be equally as proud of them!        

I still get a mild dopamine rush when seeing the letters MRO. 

Don't forget it started with "BMR." I actually mined quite a bit of BMR from my two desktops.

[darlidada]

Bittrex volume is starting to increase. 17 btc of XMR were traded there today. Thats quite a lot compared to the usual volume.

https://bittrex.com/Market/Index?MarketName=BTC-XMR

[saddambitcoin]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Thanks for the tip, that took about 2-3 minutes. Nice and easy.

[celestio]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Thanks for the tip, that took about 2-3 minutes. Nice and easy.

Does it work though? I withdrew to a random wallet and still nothing.

[saddambitcoin]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Thanks for the tip, that took about 2-3 minutes. Nice and easy.

Does it work though? I withdrew to a random wallet and still nothing.

yes i withdrew just fine. however it looks like they ran out of funds for the promo already.

[celestio]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Thanks for the tip, that took about 2-3 minutes. Nice and easy.

Does it work though? I withdrew to a random wallet and still nothing.

yes i withdrew just fine. however it looks like they ran out of funds for the promo already.

Hmm I withdrew but nothing came up in the bitcoin address.

[kazuki49]

Also, I know Monero has adaptive block size. I was commenting that Monero still needs to hard fork to implement permanent inflation rewards, and that maybe MP will be bellyache/troll similar to how he has over increasing bitcoin block size. It's kind of a scarcity issue along the same lines I think.

Interestingly enough here's your answer: http://log.bitcoin-assets.com/?date=27-05-2015#1146160

[UFCkid]

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

Thanks for the tip, that took about 2-3 minutes. Nice and easy.

Does it work though? I withdrew to a random wallet and still nothing.

yes i withdrew just fine. however it looks like they ran out of funds for the promo already.

Lol. That didn't take long.