[XMR] Monero Speculation

[robinwilliams]

ok fine i will do the walls of text thing without using summarization words since smooth doesn't seem to like that

what coins?

I feel xc doesn't bring much to the table because

1 - they are closed sourced (why would you trust anonymity to closed source?)
2 - there was a 100 day mining then PoS so it feels like a get rich scheme
3 - their lead dev pumps coins with a small market cap for a bitcoin or two under the guise of "code reviews"
4 - they seem to imitate darkcoin (they were originally called x11coin and their official website is still x11coin.  they decided to add nodes that required 1000 coins that also made coins for mixing services like darkcoin except AFTER darkcoin.  they started talking about web 3.0 after ethereum, etc etc
5 - their followers seem to be not very many people with a very big community.
6 - their getting a review by the same guy that did the darkcoin review

(this was all summed up in my "xc is a ...." statement.

1 - darkcoin had a massive isntamine
2 - darkcoin created mixers to drive coin demand
3 - darkcoin cut back on coin emission to drive prices up
4 - so i feel like darkcoin is very unfair to later adopters

(this was summed up in my "darkcoin is a ....") statement

i feel both dark and xc intentionally stayed closed sourced for so long because they knew there was a demand for the technology they're trying to create where it isn't a (pick a gentler word than scam right here)

I'd like to know about any other coins ... all i see legitimately are bbr and xmr but maybe i'm missing something?


monero are really kinda arrogant pricks and seeing whales panic selling at .0015 would be worth seeing my stash go down in value.  bbr has it's own problems.  so there are no perfect picks.

maybe i should look at bitcoindark?

[smooth]

monero are really kinda arrogant pricks

Are you really buying coins based on your perception of personalities of people you don't really know and haven't met in person, like some kind of reality TV show?

I suppose anyone can trade however he or she chooses, but this seems less than optimal to me.

How about instead looking at the technology and the structure of the project (no premine, instamine, gimmicks to force holding and drive up demand, developers who pump-and-dump, etc.)?

and seeing whales panic selling

Certainly panic selling would be a reason to short term avoid, but would likely also create a short term buying opportunity.

maybe i should look at bitcoindark?

I think you will find it fails several of the criteria you listed above.

[robinwilliams]

Are you really buying coins based on your perception of personalities of people you don't really know and haven't met in person, like some kind of reality TV show?

knucklehead   I SAID I bought some moneros basically because it was the least of the evils.  but when i see a 170btc sellwall mentioned and i go look and it's there at .004.  makes you wonder exactly how many people own monero?  not many if it's got whales that big maybe...

reptelia has all the whales represented by the MEW & acts like he\they get to dictate the coin emission change.  so YES it sometimes comes across as arrogant pricks running the coin.  

HOWEVER if you look closely at all my reasons for the other coins being a bad idea - this is the least bad problem.  I think it might take a massive crash to make this a "coin of the people" rather than a "coin of the whales" and if/when it does then i will be there to buy it.

i really do hope either this coin or bbr takes off.  or maybe another cryptonote that is based off of just bitcoin distribution.  but i hope there is ONE FIRM anon leader

[smooth]

I think it might take a massive crash to make this a "coin of the people" rather than a "coin of the whales" and if/when it does then i will be there to buy it.

You make a valid point that having a lot of whales is a double edged sword. They can provide a lot of demand, but if they lose interest and leave, they can equally remove a lot of demand very quickly (as you say causing a crash). So there is definitely risk there. On the other hand, there is no guarantee they will leave, and doing so would likely cause them large losses, so the crash you describe may not ever happen, but it is certainly possible.

BTW sell walls away from the market usually means someone wants to buy.

[Magic8Ball]

Buy depth down to 258btc & there's a 178btc sell wall at .004

I guess they are confident the price is going up.

Or they are manipulating the ask/sell total

You don't think it's going to stay there do you?

Just regular pump and dump. Bears make money, bulls make money, pigs get slaughtered.

[nioc]

Buy depth down to 258btc & there's a 178btc sell wall at .004

I guess they are confident the price is going up.

Or they are manipulating the ask/sell total

You don't think it's going to stay there do you?

Just regular pump and dump. Bears make money, bulls make money, pigs get slaughtered.

How is a sell wall 33% above the current price part of a P&D?

There is a 10K XMR/ 122 btc sell @ 0.012 and a 8735 XMR sell @ 1.0 

[robinwilliams]

8735 XMR sell @ 1.0

 

[Oscilson]

8735 XMR sell @ 1.0

 

That wall will be cleared in 10 years.

[znaky]

Hi,

Just wanted to let you know I have created a service for live monitoring of monero price: http://moneromarkets.com/

Its faster than the poloniex-site. Only supports poloniex today, but will add others if anyone requests it.

[McHaggis]

Hi,

Just wanted to let you know I have created a service for live monitoring of monero price: http://moneromarkets.com/

Its faster than the poloniex-site. Only supports poloniex today, but will add others if anyone requests it.

This good, having a faster way of seeing the current price is one of the features I was going to push towards, though your 6 hour chart doesn't seem to be working for me.

It works fine on Chrome, Firefox, iPad and iPhone, though Internet Explorer 11 causes the recent orders chart to display incorrectly.

[smooth]

How is a sell wall 33% above the current price part of a P&D?

There is a 10K XMR/ 122 btc sell @ 0.012 and a 8735 XMR sell @ 1.0 

It is likely an attempt to drive down the price in order to buy cheaper coins to be pumped later.

[rpietila]

How is a sell wall 33% above the current price part of a P&D?

There is a 10K XMR/ 122 btc sell @ 0.012 and a 8735 XMR sell @ 1.0 

It is likely an attempt to drive down the price in order to buy cheaper coins to be pumped later.

All walls outside the range of actual trading are manipulative. Whether they can achieve the intended effect is dubious. What is clear is that only a person with 50k XMR can erect such a wall. If this person wanted to sell them, he would probably do something very different. More likely is that he is a buyer, wants even more, and believes the trick will rather lure the price down than up.

Note to pundits: walls near market and outright orders are NOT manipulative. They are trades or invitations to trade.

[smooth]

What is clear is that only a person with 50k XMR can erect such a wall.

I think it was you who pointed out before that just because you see the wall there doesn't mean it is one person with 50k. It could have been started smaller and built on by others.

Nevertheless whoever puts it there, whether one person or not, is trying to be manipulative.

[rpietila]

What is clear is that only a person with 50k XMR can erect such a wall.

I think it was you who pointed out before that just because you see the wall there doesn't mean it is one person with 50k. It could have been started smaller and built on by others.

Nevertheless whoever puts it there, whether one person or not, is trying to be manipulative.

Right, I stand corrected. 

[znaky]

Hi,

Just wanted to let you know I have created a service for live monitoring of monero price: http://moneromarkets.com/

Its faster than the poloniex-site. Only supports poloniex today, but will add others if anyone requests it.

This good, having a faster way of seeing the current price is one of the features I was going to push towards, though your 6 hour chart doesn't seem to be working for me.

It works fine on Chrome, Firefox, iPad and iPhone, though Internet Explorer 11 causes the recent orders chart to display incorrectly.

Is it problem with the 6 hour chart only in IE11? Could you post a screenshot, or any other additional information? I have created a dedicated thread where we can continue the discussion: https://bitcointalk.org/index.php?topic=793826.msg8940972

[TrueCryptonaire]

Buy depth down to 258btc & there's a 178btc sell wall at .004

I guess they are confident the price is going up.

Or they are manipulating the ask/sell total

You don't think it's going to stay there do you?

Just regular pump and dump. Bears make money, bulls make money, pigs get slaughtered.

How is a sell wall 33% above the current price part of a P&D?

There is a 10K XMR/ 122 btc sell @ 0.012 and a 8735 XMR sell @ 1.0  

You guys want me to remove the manipulative wall?  

[coinits]

Buy depth down to 258btc & there's a 178btc sell wall at .004

I guess they are confident the price is going up.

Or they are manipulating the ask/sell total

You don't think it's going to stay there do you?

Just regular pump and dump. Bears make money, bulls make money, pigs get slaughtered.

How is a sell wall 33% above the current price part of a P&D?

There is a 10K XMR/ 122 btc sell @ 0.012 and a 8735 XMR sell @ 1.0  

You guys want me to remove the manipulative wall?  

Yes by sending me all of your XMR.

[robinwilliams]

there are less than 100btc to 250 ... one whale feels dumpy & down we go.

[ArticMine]

there are less than 100btc to 250 ... one whale feels dumpy & down we go.

I could happen, but dumping an alt-coin, virtually any alt-coin when the XBT/USD price may be very close to a low is not the way to become a whale.

[iCEBREAKER]

down we go, where is the buy support, where are the walls ? 
hard times for xmr holders, good time to buy i think if u have fiat

BBR Buy Orders: 230 BTC
XMR Buy Orders: 145 BTC

WTF.  Has this ever happened before?