[XMR] Monero Speculation

[pinky]

I have a feeling cryptsy are kicking themselves for not adding XMR sooner.

cryptsy fell asleep, now it's too late. They are stuck with their outdated exchange and they'll be dead soon, they just don't realize that.

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[TrueCryptonaire]

Yes and the emission of xmr is getting pretty tight these days and the current holders are expecting even over 1 million usd Monero prices so these low prices won't make that large amounts of money especially if XMR will get its own prefered fiat exchanges.

[rangedriver]

That was a poor time to dump ɱ4000.

[thefunkybits]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

[dEBRUYNE]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

I assume he was merely an observer posting his thoughts about the dump :-P

[thefunkybits]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

I assume he was merely an observer posting his thoughts about the dump :-P

Woops lol I read that as "my" 4000

[rangedriver]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

I assume he was merely an observer posting his thoughts about the dump :-P

Correct yes - was nothing to do with me.

Was also just testing out how the ɱ currency symbol looked when used in practice.  

[QuantumQrack]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

I assume he was merely an observer posting his thoughts about the dump :-P

Correct yes - was nothing to do with me.

Was also just testing out how the ɱ currency symbol looked when used in practice.  

The ɱ symbol is starting to grow on me.

[pandher]

The ɱ symbol is starting to grow on me.

Same with me, curved line at the end makes it look and sound like moneroj

[GingerAle]

The ɱ symbol is starting to grow on me.

Same with me, curved line at the end makes it look and sound like moneroj

whats the asci code for mj?

like I know that alt+168 will give me ¿

[rangedriver]

The ɱ symbol is starting to grow on me.

Same with me, curved line at the end makes it look and sound like moneroj

whats the asci code for mj?

like I know that alt+168 will give me ¿

Not sure about ASCII but the unicode is 0271.

http://graphemica.com/%C9%B1

[kazuki49]

That was a poor time to dump ɱ4000.

That dump to 0023 was you?

I assume he was merely an observer posting his thoughts about the dump :-P

Correct yes - was nothing to do with me.

Was also just testing out how the ɱ currency symbol looked when used in practice. 

The ɱ symbol is starting to grow on me.

it fits monero(j) very well, besides I have never seen it before.

[TrueCryptonaire]

I deposited some btc just to offering btc loans for hefty interest rates.
Looks like they are taking loans even for 2 % to trade ETH.
Now good time to make some btc risk free (or low risk) to lend some btc for ETH-traders and once the madness is over, roll the btc to XMR.

[MilkyLep]

Good to hear/see I am wrong in regards to Cryptsy's choice of CN listing. It'll be nice to have some more liquidity and hopefully a larger userbase. Can't say I've visited the site in what seems like ages however.

[americanpegasus]

I deposited some btc just to offering btc loans for hefty interest rates.
Looks like they are taking loans even for 2 % to trade ETH.
Now good time to make some btc risk free (or low risk) to lend some btc for ETH-traders and once the madness is over, roll the btc to XMR.

I don't think people borrowing money on Poloniex properly understand the fees involved. 
 
I also don't think those lending money properly appreciate that there is still risk.  If there is a flash crash and accounts need to be liquidated faster than available funds allow, it is my understanding that lenders can lose their money.

[dreamspark]

I deposited some btc just to offering btc loans for hefty interest rates.
Looks like they are taking loans even for 2 % to trade ETH.
Now good time to make some btc risk free (or low risk) to lend some btc for ETH-traders and once the madness is over, roll the btc to XMR.

I don't think people borrowing money on Poloniex properly understand the fees involved. 
 
I also don't think those lending money properly appreciate that there is still risk.  If there is a flash crash and accounts need to be liquidated faster than available funds allow, it is my understanding that lenders can lose their money.

The crash is gonna hurt so bad.

I wouldn't dare short it but seriously, I've actually moved all funds of Polo for the time being as I'm scared for when this crashes. Nobody's offered margin trading on a pump n dump like this before and from the mood in the troll box everyone is leveraged to their eyeballs.

[SmoothCurves]

They were in #monero-dev asking questions yesterday so seems more likely that it's monero getting added:

At the bottom of this image Mullick states "Will get this up ASAP" so its definitely Monero  

I have a feeling cryptsy are kicking themselves for not adding XMR sooner. Since Polo was the only exchange they have gained a lot of market share in the space. I can almost guarantee that ETH wouldn't have had 5000 BTC volume if Cryptsy added XMR earlier. The cryptsy team has let Polo gain too much market share and now they (maybe) have to try and make up for it

Serves them right. Hope they learn the lesson that Monero is a BFD

[TrueCryptonaire]

I deposited some btc just to offering btc loans for hefty interest rates.
Looks like they are taking loans even for 2 % to trade ETH.
Now good time to make some btc risk free (or low risk) to lend some btc for ETH-traders and once the madness is over, roll the btc to XMR.

I don't think people borrowing money on Poloniex properly understand the fees involved. 
 
I also don't think those lending money properly appreciate that there is still risk.  If there is a flash crash and accounts need to be liquidated faster than available funds allow, it is my understanding that lenders can lose their money.

The crash is gonna hurt so bad.

I wouldn't dare short it but seriously, I've actually moved all funds of Polo for the time being as I'm scared for when this crashes. Nobody's offered margin trading on a pump n dump like this before and from the mood in the troll box everyone is leveraged to their eyeballs.

Indeed. A lot of stupid money involved... However, there is liquidity also worth over 1500 btc also. The lending fees are forcing some to liquiditate.
I hope there will not be too many bodies and this will calm down smoothly, however I doubt it.
I tried to speak a few words of reason there in the trollbox but nobody seems to care about it.
So much stupidity and insanity... I hope there will be liquidity enough when the big dump takes place though.

[dEBRUYNE]

Channel I am currently looking at:



Also, 21.3 is the 61.8% fib retracement level. I am not really worried until 21 breaks, although I would've prefered a bit less sharp retracement. Furthermore, I think once the ETH pump is over some of the traders will flock back to Monero, not entirely sure of this though but it seems like ETH is attracting all the volume and traders.

[aminorex]

The cryptocurrency demographic is multimodal.  The idealists and ideologues are seeking a social reorganization, a benefit to mankind.  The speculators and entrepreneurs are seeking a more personal advancement, sometimes without concern for the impact on others. Since I am both a wide-eyed idealist and a cynical, grizzled speculator, how could I not be here?

I enjoyed a bit of the ETH run from 250k to 430k, but I feel a certain sorrow for the losers in that trade, and a kind of guilt for even a marginal contribution to fueling the bubble.  That, and the obviously disproportionate risk at these levels, particularly when I am too busy to track the bubble in real-time, keeps me from participating in the later stages.  Afterwards, I may think "look at all the upside I missed!"  but then I will remind myself that I might have lost even more, quite easily, and that even if I did gain, it would have been a negative-sum win, and very ethically questionable.

I am just quietly sweeping up cheap XMR instead.  I think that will provide a more secure holding, with superior longer-term prospects.  In this way I am gaining from the ETH pump, even after I bailed on it.  And my gentle and tender conscience will avoid much bruising.

It will be interesting to see how deep the ETH crash goes, but I am also interested to see how much of the loot gets rolled into XMR.  Probably more than 1%.  Probably less than 10%.