[XMR] Monero Speculation

[TrueCryptonaire]

To his credit, he did say that it's a good time to lend, and that is true.

Lending XMR was not a good idea but lending BTC is pretty profitable.
The BTC rates are, I would say, hefty as so many people seems to like to take long positions on XMR and hardly anyone shorts it.
I have been yelling the same message here many times but people seem not to listen but I get trolled all the time.

[Quicken]

I wanted to make 0.004'ish a floor but failed thanks to the lack of community support so I dumped AFTER I got an answear from the community that they do not support that price. If others do not support, why should I?

Perhaps that's because the monero community is not a pump and dump group, let alone your pump and dump group.

[jehst]

Gregory Maxwell is working on something called "Confidential Transactions" which will add privacy to bitcoin using "Pederson commitments" (proposed by Adam Back in 2013).

https://people.xiph.org/~greg/confidential_values.txt

Everyone should keep an eye on this.

[othe]

But that doesn´t make BTC fungible, miners can just censor the tx to the sidechains nor does it add untraceability on the sidechain.
Another big issue with sidechains is that the anonimity set is limited to the people that use them, that also means every wallet people use have to support all those sidechains people want to use if they want people to use itö

Other than that what he did makes DASH totally obsolete, theres no sane reason for it to exist anymore and the work he did on the amount hiding is sth Monero good add to close the gap we currently have to Zerocoin (our tx amounts are not totally hidden).

It´s definately some damn nice research they did.

[G2M]

To his credit, he did say that it's a good time to lend, and that is true.

0.0047%/d is a good time to lend? 

Well im not going to do anything else with the btc, I've got enough xmr for now.

Yeah the rate is low, but feeding plx btc means that the btc has a higher chance of someone using it to buy xmr. If the price goes up, I make btc in fees, if the price goes down because of the ppl taking shorts I still can buy more xmr if I choose to do so.

[smooth]

To his credit, he did say that it's a good time to lend, and that is true.

0.0047%/d is a good time to lend? 

Well im not going to do anything else with the btc, I've got enough xmr for now.

Yeah the rate is low, but feeding plx btc means that the btc has a higher chance of someone using it to buy xmr. If the price goes up, I make btc in fees, if the price goes down because of the ppl taking shorts I still can buy more xmr if I choose to do so.

I'd much rather just pull my coins off an exchange then leave them there and get 0.0047%/d

[wpalczynski]

Yes.
One needs to know at what price it is reasonable to buy.
Sometimes it is hard to make a rational decision when there are a lot of pumpers and bullish talk on forums/trollbox

.


Funny how you are always around at the top telling everyone not to sell and around at the bottom telling everyone not to buy. It's pathetically transparent.

We had a bottom already.
I told on trollbox and I will tell it here also: If Monero goes beyond 0.0025 I will transfer funds to Polo and start setting sell orders which you can take or leave and perhaps also dumping a few coins to buy orders.

That's called profitable trading.

You are right, I want to buy an overweighted position (now I have a "neutral position") but I don't want to buy in at this price.

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

I consider you a scammer and the most annoying person posting in the monero threads, regardless if you are bearish or bullish at a given point in time.  Can you please go away?  Maybe you could grace another coin community with your presence.

[TrueCryptonaire]

Yes.
One needs to know at what price it is reasonable to buy.
Sometimes it is hard to make a rational decision when there are a lot of pumpers and bullish talk on forums/trollbox

.


Funny how you are always around at the top telling everyone not to sell and around at the bottom telling everyone not to buy. It's pathetically transparent.

We had a bottom already.
I told on trollbox and I will tell it here also: If Monero goes beyond 0.0025 I will transfer funds to Polo and start setting sell orders which you can take or leave and perhaps also dumping a few coins to buy orders.

That's called profitable trading.

You are right, I want to buy an overweighted position (now I have a "neutral position") but I don't want to buy in at this price.

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

I consider you a scammer and the most annoying person posting in the monero threads, regardless if you are bearish or bullish at a given point in time.  Can you please go away?  Maybe you could grace another coin community with your presence.

I would not have dumped if you guys had supported the 0.004. Why would I?
you think dumping a coin at a point nobody wants to buy it is scamming? Personally I think it is rational behaviour. I am not married to Monero and neither should you also if you want to increase your purchasing power.

My advice is don't buy when nobody else is buying but dump like the end of the world is coming and buh back when the hope and confidence is restored.

[dnaleor]

Gregory Maxwell is working on something called "Confidential Transactions" which will add privacy to bitcoin using "Pederson commitments" (proposed by Adam Back in 2013).

https://people.xiph.org/~greg/confidential_values.txt

Everyone should keep an eye on this.

I don't know all the technical details of his proposal, but just think theoretically here:
A sidechain which works perfectly like Monero is introduced, what are the consequences?

(1) people who send BTC in the "ring signature sidechain" (RSSC), taint their BTC who are not entering the RSSC. If their identity is matched with the same identity as who put BTC in the RSSC, this person can become "flagged".

(2) people can transact within the RSSC anonymously. This has value. (The same value as transacting in XMR).

(3) people who want to get their BTC out of the RSSC, immediately taint those BTC. It's even easier to taint these BTC than BTC put through a mixer or using coinjoin because you don't need to do extensive chainalysis. If/when regulation starts to come down on payment processors and/or miners (see my reddit post about fungibility for more info on the risks of tainting your BTC), these BTC's will be hard to spend in the 'regular economy' or even transact with.

People probably want to avoid (3) happening, so they keep their BTC in the RSSC. But this has disadvantages too, your BTC are locked in this particular sidechain! If another (better) sidechain comes out, you can't migrate them (or maybe you can, don't know if the sidechain proposal allows settlement directly on another sidechain or not). Also, if miners and/or nodes stop supporting the 'obfuscation sidechains' like RSSC (assuming they even wanted to touch them in the first place), you can't even use the transaction system (2) and your BTC became worthless in an unsupported sidechain.

Why risk all that and not just buy XMR? you can always dump them if the market is starting to switch towards another (better) anon cryptocoin? 

[rangedriver]

We had a bottom already.

Whaaaaatt? But you said 0.0005 was going to be the bottom?? I thought you were supposed to be experienced and amazing and the genius to end all geniuses?

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

Save us wise one! Was your prediction of a 0.0005 bottom wrong?

Also, if you're planning on selling at 0.0025, wouldn't it be better to keep quiet about it so that you sell into a strong support? Tell us noobs the right way, because right now it looks like the strategy of a donkey's A-hole, which surely can't be true... not from someone as experienced and amazing and clever as you? Right?

[iCEBREAKER]

Gregory Maxwell is working on something called "Confidential Transactions" which will add privacy to bitcoin using "Pederson commitments" (proposed by Adam Back in 2013).

https://people.xiph.org/~greg/confidential_values.txt

Everyone should keep an eye on this.

And comment on this:

https://people.xiph.org/~greg/confidential_values.txt

I remember watching Adam Back's talk about this concept when he was in Israel at a meeting I think sponsored by Meni Rosenfeld.

Request for comments

http://voxelsoft.com/dev/sumcoin.pdf

Abstract
Sumcoin is peer-to-peer electronic cash where transaction amounts are
only visible to the sender and receiver. In each transaction, the output
amounts are encrypted with the public keys of the respective receivers.
Only the transaction fee is publicly revealed, to allow miners to prioritise
transactions. A homomorphic commitment for each transaction proves
that the sum of the transaction inputs matches the sum of its outputs.
A short Non-Interactive Zero-Knowledge Proof (NIZKP) for each out-
put also convinces all veriers that the sum does not over ow. Address
construction includes an additional public view key to allow senders to
encrypt output values. This approach practically resolves a core privacy
issue in Bitcoin[1], but without overwhelming implementation complexity.
The required commitments are an order of magnitude smaller than those
initially proposed for Condential Transactions[2].


In addition to standing on its own, Sumcoin can be implemented as a sidechain[42]
or integrated into the Monero (or Bitcoin) protocol as a hard fork with a new
transaction version. Unspent transaction pruning[43] is possible in Sumcoin

CT and Anon MiniChain in one coin?  Impressive tech and elegant implementation!  Do want.  

If the Monero folk decide to put Sumcoin under their hood, would you help the core devs with integration?

[Peachy]

emunie was my favourite till 2014... when I realized that something is wrong.... (except dumb name such as EMU /european monetary union/ they are still beta.... I understand that its hard work but why it lasts 2 years??? oh man its just another big pain.....https://www.facebook.com/eMunie.Currency?fref=ts
afraid that ("negative") articles about founder were correct

Completely false.

There are no negative "articles".  Merely unfounded and absolutely untrue attempts to smear his character which has been proven time and time again as being above reproach.

A true non-pump and dump system that is fair for everyone takes a while to develop.  Heck, even Bitcoin took years to develop before it was released and we've got a ton more improvements that are still sorely needed in the crypto world.

Expect and Open Beta within a few months that should quell and further 'rumors' of our demise.

[TrueCryptonaire]

Yes.
One needs to know at what price it is reasonable to buy.
Sometimes it is hard to make a rational decision when there are a lot of pumpers and bullish talk on forums/trollbox

.


Funny how you are always around at the top telling everyone not to sell and around at the bottom telling everyone not to buy. It's pathetically transparent.

blah blah blah

Go back to your hole please.

Apparently you still have an open position with btc borrowed from me, am I rite?

[TrueCryptonaire]

We had a bottom already.

Whaaaaatt? But you said 0.0005 was going to be the bottom?? I thought you were supposed to be experienced and amazing and the genius to end all geniuses?

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

Save us wise one! Was your prediction of a 0.0005 bottom wrong?

Also, if you're planning on selling at 0.0025...

Correct me if I am wrong but it peaked already....?

[pinky]

The wall is gone and panic after that.

[vgo]

Tipical Polo-Monero fake walls.

I will buy at 0.0017-0.0018... again.

[wpalczynski]

Yes.
One needs to know at what price it is reasonable to buy.
Sometimes it is hard to make a rational decision when there are a lot of pumpers and bullish talk on forums/trollbox

.


Funny how you are always around at the top telling everyone not to sell and around at the bottom telling everyone not to buy. It's pathetically transparent.

We had a bottom already.
I told on trollbox and I will tell it here also: If Monero goes beyond 0.0025 I will transfer funds to Polo and start setting sell orders which you can take or leave and perhaps also dumping a few coins to buy orders.

That's called profitable trading.

You are right, I want to buy an overweighted position (now I have a "neutral position") but I don't want to buy in at this price.

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

I consider you a scammer and the most annoying person posting in the monero threads, regardless if you are bearish or bullish at a given point in time.  Can you please go away?  Maybe you could grace another coin community with your presence.

I would not have dumped if you guys had supported the 0.004. Why would I?
you think dumping a coin at a point nobody wants to buy it is scamming? Personally I think it is rational behaviour. I am not married to Monero and neither should you also if you want to increase your purchasing power.

My advice is don't buy when nobody else is buying but dump like the end of the world is coming and buh back when the hope and confidence is restored.

Its nothing to do with you dumping.  As I pointed out in my previous comment I find you equally annoying when you are bullish on monero as when you are bearish.  You are just a very annoying individual and the monero forums would be more enjoyable without having to read the nonsense that you constantly post.

[ArticMine]

Someone is playing around with a large fake buy wall

[shitaifan2013]

since the total buy side didn't change at all, it might be warz dumping into his own walls to create selling pressure.
afterall he tried for two days now with moving his big wall up bit by bit to make someone sell, but that didn't happen.

whoever that was, thanks dude, great entertainment on a boring day 

[TheMystic]

We had a bottom already.

Whaaaaatt? But you said 0.0005 was going to be the bottom?? I thought you were supposed to be experienced and amazing and the genius to end all geniuses?

Guys, remember - I was here around prior many others who tries to be "smart" and are bitching me.
Some of you are noobs.
I consider myself one of the early adopter.

Save us wise one! Was your prediction of a 0.0005 bottom wrong?

Also, if you're planning on selling at 0.0025...

Correct me if I am wrong but it peaked already....?

The pump is over, and the dump was fast and hard.