[XMR] Monero Speculation

[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....?

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

Usually the dump is followed by a longish bearish trend.
I do not know about you but personally I am not still buying since the price usually comes down. That seemed to be the initial dump.

[DaveyJones]

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 

it was him... he removed the wall and sold into the people jumping in front and back of his wall

[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.

Usually the dump is followed by a longish bearish trend.
I do not know about you but personally I am not still buying since the price usually comes down. That seemed to be the initial dump.

I'll keep that in mind and look to get back in near the bottom. Thanks.

[macsga]

This was probably a one man's movement. Not that I care a lot since I'm still good and got the stash I want. I should have set that buy order on 0.0018 though

[kazuki49]

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.

geez Bitcoin, how hard it is to understand I'm not interested in you anymore

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  

it was him... he removed the wall and sold into the people jumping in front and back of his wall

Yeah, actually before the first wall there was a significant dump of almost the same size and shorty later he appeared on the trollbox to "save the day", we may be getting rused here

[vgo]

More Polo trap??  Bye...

[hodlmybtc]

Someone bought ~16.5k XMR up to 0.022 and then had a 100k+ XMR wall up for a short while.

Interesting action today...

[othe]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Sorry no conspiracy warz theory - even if it was fun to read here.

[DaveyJones]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Sorry no conspiracy warz theory - even if it was fun to read here.

the whole dump was 70k , so maybe the 25k dump just the frontrunner and after that warz theory :p

[vgo]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

[othe]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Want to put your money where your mouth? Let´s make a little bet.

[wpalczynski]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Want to put your money where your mouth? Let´s make a little bet.

No one here puts their money where their mouth is, its all keyboard warriors.

[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.

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

Just testing it out right now. Monero lending is pretty weak compared to BTC.

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

If that's what it is, collecting .036% / d on 1 btc = .00036 BTC/d = .1314 BTC/y if nothing changes (obviously it will)

Either way, projecting a potential 13.14% yearly return on a BTC that would otherwise collect dust waiting to be used on gas/rent bills at some unknown date in the future isn't so bad.

Though, that does come with the risk of keeping money on an exchange, and potentially turning it into even more of an uninsured bank, with numerous gox-like implications.

Either way, at some point, it's just gotta come down to a risk. Take a really high chance at seeing a 13.14% gain, with low risk of total loss due to security breach .. or take a high chance 0% gain, with no risk of total loss due to security breach. I'm keeing out gains/losses due to fiat because both methods of storage are susceptible to that. Also, I'd likely have to pay taxes on the gain at some point.

Additionally, if the person whom I'm lending to decides to short the market that I'd like to buy, driving down the price for me, taking all that risk while I sit on a solid gain .. well let's just say that's icing on the cake

[KennyTheMartian]

Fake buy wall is lame.

[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

Just testing it out right now. Monero lending is pretty weak compared to BTC.

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

If that's what it is, collecting .036% / d on 1 btc = .00036 BTC/d = .1314 BTC/y if nothing changes (obviously it will)

Either way, projecting a potential 13.14% yearly return on a BTC that would otherwise collect dust waiting to be used on gas/rent bills at some unknown date in the future isn't so bad.

Though, that does come with the risk of keeping money on an exchange, and potentially turning it into even more of an uninsured bank, with numerous gox-like implications.

Either way, at some point, it's just gotta come down to a risk. Take a really high chance at seeing a 13.14% gain, with low risk of total loss due to security breach .. or take a high chance 0% gain, with no risk of total loss due to security breach. I'm keeing out gains/losses due to fiat because both methods of storage are susceptible to that. Also, I'd likely have to pay taxes on the gain at some point.

Additionally, if the person whom I'm lending to decides to short the market that I'd like to buy, driving down the price for me, taking all that risk while I sit on a solid gain .. well let's just say that's icing on the cake

Yes I agree a 13% return is at least plausible compensation for the risk. 1.7% is not.

[G2M]

hm, seems like we're really just enabling a fractional reserve bank with no FDIC insurance to offer loans to people with no background checks at all. Not only that, they have no targets to which they need to keep a fraction of,

How could anything go wrong 

[explorer]

hm, seems like we're really just enabling a fractional reserve bank with no FDIC insurance to offer loans to people with no background checks at all. Not only that, they have no targets to which they need to keep a fraction of,

How could anything go wrong 

In the USA that's how it's done.  Houses, cars, now monero 

[kazuki49]

The 25k or so dump was from someone i know, there was no reason except he needed fiat for a bigger expense he is forced to make soon.

Want to put your money where your mouth? Let´s make a little bet.

No one here puts their money where their mouth is, its all keyboard warriors.

[Shrikez]

-snip-

BTC lending is sitting at .072% right now. I still can't tell if that's /d or per the time I offered the loan .. so if the duration is 2 days then it would be .072% for 2 days. The math might be off here, but I'll just roll w/ that for the post.

-snip-

It's per 24 hours. If the loan get's canceled/repaid before the end of the full 24 h it's the proportional fraction.
I've seen people wondering about why they get charged interest even if the margin order isn't executed. That is correct, they do because as long as their order stands the corresponding loan is blocked and taken off the offers.
So if you put in a limit order on margin a long way off the current market price take into consideration that the lending interest is ticking away.

sorry for OT.

[TrueCryptonaire]

Man that dump was hard, lets hope no one else is stupid enough to do that anymore.

He was not stupid.
He was a prudent investor that realized the short lived pump was orchestrated by one individual and didn't have a comunity support behind.

The community wants to buy the coin but not at any cost. If the price is right, I am also a buyer and if the price is too high I am a seller, simple as that.