[XMR] Monero Speculation

[nakaone]

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

secondly, I would like to thank the operator of Poloniex for their prompt support during a period of high volatility and liquidity, and for raising my bitcoin and monero withdrawal limits

thirdly, I would like to thank fluffypony, smooth et. al for their suspense in releasing the missive, even though it didn't contain anything the market was actually waiting for

fourth, I would like to commend the aforementioned core devs for their surprise decision by committee to release it in audio format, so that the market could not disseminate it fast enough to undermine my selling plans

everybody is free to do what he wants to do, so congratulations for reaching your objectives.

funniest thing is that you even see the potential as later posts show but still decide to sell the potential for 33 cents each - I try hard to understand the objectives of these operations but seem to fail. Maybe you can explain them to me

Anyway maybe we are all dead wrong and you are right, or the market stays longer irrational as we stay solvent - I think only time can tell.

the reason is lack of conviction from other market participants.

I think Monero is worth a lot more, buttt not right now.

So when I realized that this thing wasn't going up to my cost basis in Risto's rally. I thought "hm I could sell now and use capital in other places" or be stuck in a position when Risto gets bored. Monero has bounced around to these price levels before, so this time, with the unparalleled liquidity, I decided to hop out. Thanks Risto.

Taking the loss also will help my tax situation, offset gains in other assets.

well i always buy (intrinsically valueable) projects when every is unconvinced and sell them when everyone is convinced - but maybe this is too much strategy here.

[stslimited]

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer

I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

no comment needed

He was involved in Labcoin (now worth 0), ASICMiner (now worth almost zero), posted about anoncoin (dead) and a bunch of other "cryptoassets."

He first starts posting in this thread (XMR) on or before July, 2014.
https://bitcointalk.org/index.php?topic=583449.msg8084343#msg8084343

So he probably got burned by XMR, too. Understandably, he feels frustrated and wants to pump XMR to make back some money, Sorry dude. I'm not interested in shitcoins or P&D syndicates. I didn't move my bids/asks the first time you asked. I didn't respond to your last pm. Yes, I'm an XMR heavy since Oct/Nov, so I'm not desperate nor am I interested in helping you make $100 or whatever kind of small-time bullshit money you're trying to make.

Those were actually all very good trades?

I sold the Monero position below my cost basis. It was actually a lot. If Risto disappeared then I couldn't sell without crashing the market. The volume was several hundred bitcoin, the last couple days, and my sells didn't crash the market they were eating up very well.

Do you know how I know you're not telling the truth? Because you said "those were all very good trades." There's not a single trader, including Warren Buffett who doesn't make bad calls. The first rule to making your tales of glory sound believable is to add some slight failures. Some hiccups along the way. You need to craft a story with emotional depth that draws the reader in. If you had said "It's true that I lost some money on X, but my gains in Y and Z were 10x my losses on X" then I might actually have a sliver of a doubt that you weren't full of shit. You have a lot to learn if you want to walk the path of the fraudster. But I suggest you turn back now. It will bleed into every aspect of your life, not just business, and ultimately it will lead to misery. But  I guess your life may already be miserable. So you figure "Things really can't can't get worse, can they?" They can.

Labcoin, ASICMiner and Anoncoin were all good trades. This is what you singled out, from my bitcointalk post history trying to prove some evil you still struggle to find. They weren't bad trades, my life isn't miserable, my investors are happy, I still get to talk about financial stuff and people still listen because I do opportunistically get out of "dead assets". I also told you that I sold Monero below my cost basis, this means "at a loss", that means "not a good call". I'm not even trying to make up tales of glory, except for the eighth  time thanking Risto.

[jehst]

I've said enough. As have you. This has been a good conversation. Ttyl.

[stslimited]

I've said enough. As have you. This has been a good conversation. Ttyl.

You not replying to my syndicate bid PM actually was part of my decision to sell. I realized that the people that owned enough bitcoin to make a difference in this rally weren't interested or were not coordinating with Risto or anything. And if they were coordinating with Risto and not me, then we were all too fragmented to have a rally, because one of us would inevitable sell first or simply remove liquidity and it would tank from small miners selling.

My syndicate participants, Risto, and you, are enough to hold the prices up and make markets. If we really had any conviction and agreed on a value

[Bassica]

Haha, well congrats stslimited. How much did you manage to avoid losing? Couple of K's? Was that really worth your reputation?

Crypto really is to sleazeballs what those blue lights are to flies.

haha it was a pretty big position, the volume hasn't been 300 bitcoin just because Risto was trading back and forth. so again like I said, thanks to Risto for the liquidity. (I guarantee he was selling too, you could tell by how some of the sell walls acted)

You should get mad at the pumper.

I'm still doing the syndicate bid when Risto's bs fizzles out, and monero development gets further along in actual consequential usability

Don't get me wrong, sleaz-o, i'm not mad. I'm financially unaffected by you scamming some people into putting bids which you then dumped on. I haven't changed or taken any extra positions during the last several days. I'm just surprised by your lack of ethics. And also the fact you think you can do this again (proposing to form another 'syndicate'). How stupid do you think people are? How stupid are you?

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

Good luck with the syndicate bid next time. I'm sure you'll find your way to sucker people in again, sleazebags always do. Oh and keep up the investor/baller-charade, there must be some guys here on bitcointalk believing it, lol.

[stslimited]

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

The Monero trade was 5 figures, yes. Monero volume over the last couple days does not translate into a decent 6 figure sum by any estimate. So naturally, my contribution in this volume would be less. As would Risto and his arbitrary amount of assets under management

The point of me talking about it actually isn't arbitrary either. It is to reveal Risto's solo contribution to the price action. It reveals that people should expect liquidity to dry up when he and only he gets bored. It is to let the price naturally gravitate back down to .001 so I can accumulate there again if I feel inclined to do so, instead of at .0014 , it is to point out the realization that there is no aggregate market force supporting the current price, just Risto. It is for other larger holders to contemplate dumping while the liquidity is there instead keeping their ask orders high above the bid.

This asset is still worth .0010 just like it was a month ago.

[thelibertycap]

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

The Monero trade was 5 figures, yes. Monero volume over the last couple days does not translate into a decent 6 figure sum by any estimate. So naturally, my contribution in this volume would be less. As would Risto and his arbitrary amount of assets under management

The point of me talking about it actually isn't arbitrary either. It is to reveal Risto's solo contribution to the price action. It reveals that people should expect liquidity to dry up when he and only he gets bored. It is to let the price naturally gravitate back down to .001 so I can accumulate there again if I feel inclined to do so, instead of at .0014 , it is to point out the realization that there is no aggregate market force supporting the current price, just Risto. It is for other larger holders to contemplate dumping while the liquidity is there instead keeping their ask orders high above the bid.

This asset is still worth .0010 just like it was a month ago.

You expect people to listen to you after all your bullshit?
You are an ordinary troll - it seems not even a smart one.
Lets just move on.

[Wexlike]

Who cares ? He sold at a loss. Can we move on now ? 

[stslimited]

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

The Monero trade was 5 figures, yes. Monero volume over the last couple days does not translate into a decent 6 figure sum by any estimate. So naturally, my contribution in this volume would be less. As would Risto and his arbitrary amount of assets under management

The point of me talking about it actually isn't arbitrary either. It is to reveal Risto's solo contribution to the price action. It reveals that people should expect liquidity to dry up when he and only he gets bored. It is to let the price naturally gravitate back down to .001 so I can accumulate there again if I feel inclined to do so, instead of at .0014 , it is to point out the realization that there is no aggregate market force supporting the current price, just Risto. It is for other larger holders to contemplate dumping while the liquidity is there instead keeping their ask orders high above the bid.

This asset is still worth .0010 just like it was a month ago.

You expect people to listen to you after all your bullshit?
You are an ordinary troll - it seems not even a smart one.
Lets just move on.

Cognitive dissonance

Those buy walls were twice the size yesterday. Looks like I'm pretty good at this. The people here contemplating their Monero trades aren't thinking "the person that sold at a loss is a troll", they are thinking "maybe I'll get stuck in this again like he was" "maybe I should lower my ask" "maybe I don't want to add to my position because then I won't be able to sell easily"

These are truths whether I say them or not.

[papa_lazzarou]

For those who are interested:

http://bullbearanalytics.com/2015/02/24/monero-price-analysis-2232015-bull-flag-breakdown/

[GingerAle]

indeed, introducing a direct financial component to open source software creates quite a phenomenon.

[thelibertycap]

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

The Monero trade was 5 figures, yes. Monero volume over the last couple days does not translate into a decent 6 figure sum by any estimate. So naturally, my contribution in this volume would be less. As would Risto and his arbitrary amount of assets under management

The point of me talking about it actually isn't arbitrary either. It is to reveal Risto's solo contribution to the price action. It reveals that people should expect liquidity to dry up when he and only he gets bored. It is to let the price naturally gravitate back down to .001 so I can accumulate there again if I feel inclined to do so, instead of at .0014 , it is to point out the realization that there is no aggregate market force supporting the current price, just Risto. It is for other larger holders to contemplate dumping while the liquidity is there instead keeping their ask orders high above the bid.

This asset is still worth .0010 just like it was a month ago.

You expect people to listen to you after all your bullshit?
You are an ordinary troll - it seems not even a smart one.
Lets just move on.

Cognitive Dissonance

Those buy walls were twice the size yesterday. Looks like I'm pretty good at this.

I don't care if you can trade or not, you are missing the point entirely.
You came here asking for bid support and claiming you will buy higher to help the market because you will still have better cost average - and then you simply dumped and abandoned all.
There is not much more to say - good luck to guys forming the next syndicate with you. Calling you a scammer after this isn't far from the truth.

[dEBRUYNE]

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer

I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

no comment needed

fifth I would like to thank the syndicate bidders for their patience, everyone that actually replied (via PM) to my numerous posts about forming syndicate bid knows who they are.

a) none of them were taken out

b) I was forming that before Risto's pump and before missive rumors started. Go look, that wasn't my first post about the syndicate bid

doesnt change the fact that you are a lier.
so no thanks: not interested in you "syndicate"

How? Nobody filled .00161 , that wasn't my order, I sold deep into the bids, you probably got a partial fill from me.

I judged the strength of Risto's pump, set a target, saw that there wasn't any strength. Some people use charts to see their arbitrary breakout patterns, I look specifically at the orders. Anybody can print a higher price on a chart, take a screenshot and say look my technical analysis is coming true. But to judge continuation in the trend you have to see how the orders are acting.

The missive had nothing to help with the rally or with Monero's potentially new found attention, and I decided that there isn't a reason holding this right now. When Risto disappear's I can't sell.

If someone did fill that order at .00161 I would have still filled the order at .0017 and kept the rally going. But it fizzled because it was bullshit, just Risto

so ultimately, my group is getting better returns in other assets in more established markets (not crypto!). Monero is still on the radar but it turns out that we can unlink our transactions whenever we want without needing to hold thousands of monero in the meantime. When we want to do that, we'll pick up some more Monero , no matter where it is in development or exchange rate.

Can you elaborate a bit more on the bolded part? I don't really get what you are saying here.

[stslimited]

I do not believe that a guy like you has any substantial amount under management. People who do are not dumb egotrippers who brag about a scam-trade in sort of some emmy-receiving speech-way. They would've kept it quiet and moved on. Keeping themselves able to form a real syndicate the next time. You are nothing more than a mincy little internet troll with maybe a 5 figure bankroll scrambled from some friends and relatives and acting like the new prodigy of investing. You got screwed out of money by some people smarter than you and this is how you reconstruct ego.

The Monero trade was 5 figures, yes. Monero volume over the last couple days does not translate into a decent 6 figure sum by any estimate. So naturally, my contribution in this volume would be less. As would Risto and his arbitrary amount of assets under management

The point of me talking about it actually isn't arbitrary either. It is to reveal Risto's solo contribution to the price action. It reveals that people should expect liquidity to dry up when he and only he gets bored. It is to let the price naturally gravitate back down to .001 so I can accumulate there again if I feel inclined to do so, instead of at .0014 , it is to point out the realization that there is no aggregate market force supporting the current price, just Risto. It is for other larger holders to contemplate dumping while the liquidity is there instead keeping their ask orders high above the bid.

This asset is still worth .0010 just like it was a month ago.

You expect people to listen to you after all your bullshit?
You are an ordinary troll - it seems not even a smart one.
Lets just move on.

Cognitive Dissonance

Those buy walls were twice the size yesterday. Looks like I'm pretty good at this.

I don't care if you can trade or not, you are missing the point entirely.
You came here asking for bid support and claiming you will buy higher to help the market because you will still have better cost average - and then you simply dumped and abandoned all.
There is not much more to say - good luck to guys forming the next syndicate with you. Calling you a scammer after this isn't far from the truth.

directly correlated to the lack of bid support or newcomer interest at all to support a rally. I know exactly where the syndicate bid will be. Those bids were not part of mine. So you have to think of it more like this narrative "hello? hello? well fuck you guys, SELL" nobody answered the call, my syndicate is ORGANIZED not just some random bids placed in the middle of whatever Risto is doing.

[stslimited]

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer

I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

no comment needed

fifth I would like to thank the syndicate bidders for their patience, everyone that actually replied (via PM) to my numerous posts about forming syndicate bid knows who they are.

a) none of them were taken out

b) I was forming that before Risto's pump and before missive rumors started. Go look, that wasn't my first post about the syndicate bid

doesnt change the fact that you are a lier.
so no thanks: not interested in you "syndicate"

How? Nobody filled .00161 , that wasn't my order, I sold deep into the bids, you probably got a partial fill from me.

I judged the strength of Risto's pump, set a target, saw that there wasn't any strength. Some people use charts to see their arbitrary breakout patterns, I look specifically at the orders. Anybody can print a higher price on a chart, take a screenshot and say look my technical analysis is coming true. But to judge continuation in the trend you have to see how the orders are acting.

The missive had nothing to help with the rally or with Monero's potentially new found attention, and I decided that there isn't a reason holding this right now. When Risto disappear's I can't sell.

If someone did fill that order at .00161 I would have still filled the order at .0017 and kept the rally going. But it fizzled because it was bullshit, just Risto

so ultimately, my group is getting better returns in other assets in more established markets (not crypto!). Monero is still on the radar but it turns out that we can unlink our transactions whenever we want without needing to hold thousands of monero in the meantime. When we want to do that, we'll pick up some more Monero , no matter where it is in development or exchange rate.

Can you elaborate a bit more on the bolded part? I don't really get what you are saying here.

I'm saying that the database bullshit isn't going to be available for a long time, a GUI isn't going to be available for a long time, many people don't want to use mymonero.com as a web wallet. MyMonero and other projects simply sidetrack the core developers

and so if I actually want to USE monero for financial privacy, I can still do that whenever I want to, but I don't need to speculate on it.

A lot of people had hoped this rally would coincide with a missive that contained software updates making monero more usable, but it did not.

[dEBRUYNE]

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer

I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.

no comment needed

fifth I would like to thank the syndicate bidders for their patience, everyone that actually replied (via PM) to my numerous posts about forming syndicate bid knows who they are.

a) none of them were taken out

b) I was forming that before Risto's pump and before missive rumors started. Go look, that wasn't my first post about the syndicate bid

doesnt change the fact that you are a lier.
so no thanks: not interested in you "syndicate"

How? Nobody filled .00161 , that wasn't my order, I sold deep into the bids, you probably got a partial fill from me.

I judged the strength of Risto's pump, set a target, saw that there wasn't any strength. Some people use charts to see their arbitrary breakout patterns, I look specifically at the orders. Anybody can print a higher price on a chart, take a screenshot and say look my technical analysis is coming true. But to judge continuation in the trend you have to see how the orders are acting.

The missive had nothing to help with the rally or with Monero's potentially new found attention, and I decided that there isn't a reason holding this right now. When Risto disappear's I can't sell.

If someone did fill that order at .00161 I would have still filled the order at .0017 and kept the rally going. But it fizzled because it was bullshit, just Risto

so ultimately, my group is getting better returns in other assets in more established markets (not crypto!). Monero is still on the radar but it turns out that we can unlink our transactions whenever we want without needing to hold thousands of monero in the meantime. When we want to do that, we'll pick up some more Monero , no matter where it is in development or exchange rate.

Can you elaborate a bit more on the bolded part? I don't really get what you are saying here.

I'm saying that the database bullshit isn't going to be available for a long time , a GUI isn't going to be available for a long time, many people don't want to use mymonero.com as a web wallet. MyMonero and other projects simply sidetrack the core developers

and so if I actually want to USE monero for financial privacy, I can still do that whenever I want to, but I don't need to speculate on it.

A lot of people had hoped this rally would coincide with a missive that contained software updates making monero more usable, but it did not.

You must've missed this comment then:

I had the same problem with my Windows machine. It seems this is a "normal" behavior, it maintains the blockchain running at RAM. I do'nt know why this still wasn't fixed, DarkNote already claims to fixed this.

There is a "quick and dirty" way to reduce the memory usage without a database that some other cyptonote coins have adopted. We're not using it. The database code is available for testing now though, and should hit a release fairly soon.

Can't make statements about the other things you said, only that MyMonero is in my opinion actually a great addition for Monero.

[nioc]

A lot of people had hoped this rally would coincide with a missive that contained software updates making monero more usable, but it did not.

I was surprised a missive was coming out as I knew from following the discussion as well as the github that software updates were not imminent.  What we got was an updated website which is something we have been looking for.

The price had already started to rise from 0.001 to ~ 0.00118 before both the Missive and Risto's announcements.


I made a small purchase only because I like round numbers (excuses excuses) and traded a small amount for a small positive outcome.

[othe]

I'm saying that the database bullshit isn't going to be available for a long time , a GUI isn't going to be available for a long time, many people don't want to use mymonero.com as a web wallet. MyMonero and other projects simply sidetrack the core developers

tons of people are using the db since weeks, only not in your head.

first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.

Oh dear - you know next to nothing or even less.

[jehst]

In regards to technicals the volume tells the story. There has not been any significant volume since they high just a low volume dwindle down meaning there is no real interest in buying at these prices.

Right. The low volume at these prices and the price history of XMR simply doesn't support the proposition of more than three <0.001x cost-basis whales (20,000 - 100,000 XMR holders). It also doesn't support the proposition that any significant new money has entered XMR. Yet XMR has excellent technology and development.  IMO, these semi-obvious truths present an opportunity for someone with a healthy appetite for risk.

EDIT: It seems you've deleted your post. No need to feel ashamed of it. You spoke the truth.

[dreamspark]

In regards to technicals the volume tells the story. There has not been any significant volume since they high just a low volume dwindle down meaning there is no real interest in buying at these prices.

Right. The low volume at these prices and the price history of XMR simply doesn't support the proposition of more than three <0.001x cost-basis whales (20,000 - 100,000 XMR holders). It also doesn't support the proposition that any significant new money has entered XMR. Yet XMR has excellent technology and development.  IMO, these semi-obvious truths present an opportunity for someone with a healthy appetite for risk.

EDIT: It seems you've deleted your post. No need to feel ashamed of it. You spoke the truth.

Yeah I deleted it, tbh I couldnt be bothered to argue my point. Plus I'd just get called a troll or that Im talking my book and I have no interest or time at the moment to engage with those people. I know my analysis is generally right and I made nice profits from this stupid pump and still hold a large long term position from mining in the beggining. I just wish we could get some natural market progression to really turn around the bearish trend rather than silly 60% pumps leaving new investors holding bags and long term investors finding themselves even more over weight. All these spikes do is dampen investor confidence. Theres still plenty of XMR out there (nearly half a million on Polo alone) the train isnt leaving for a while yet.


Id like to see a nice bounce near 0.0011 and some slow steady progress upwards the sort you would expect with a coin still with a large amount of inflation.