[XMR] Monero Speculation

[iCEBREAKER]

Who are the idiots selling for less than 0.005?

These easy first year coins are never going to come back.

[cAPSLOCK]

That's a fairly bullish event.

I wonder if they made an "Im Sorry" video to go with it.

[DaveyJones]

That's a fairly bullish event.

I wonder if they made an "Im Sorry" video to go with it.

that would be classic

[Its About Sharing]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

[smooth]

Monero is a good coin but its outdated imo. We are heading towards a path that requires much more than this project can offer.
best of luck

Mods, please bear with me, but I would actually like to give fearcoka about 10 lines to tell about Shadowcash distribution. The subject fascinates me and doing it right is the most important thing I seek in a coin (team is second, tech is third and availability of a wallet is a bonus).

Mods are just deleting every criticism against this coin, they just deleted my comment again wtf, heres what you need to know about Shadow(scam)cash distribution: http://pastebin.com/S7aKCDgy

They also invented what i call the shadowcrap-dilemma:

1) To make a PoS Network "secure" you need to have nearly all wallets staking.
2) To make Ringsignatures "secure" you need all people to use them, always.
3) But you can't stake the tokens they use for anonymity, so being private and having a secured pos network can never be happen at the same time.

This is a typical example of getting fucked by your own greed.

Wrong on all 3 counts I believe

It's not wrong on #3 given the current implementation (at least two projects claim to be working on PoS for cryptonote but neither has delivered, and it isn't clear when they do whether there will be any anonymity compromises). The other two points are somewhat subjective.

[smooth]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

It depends if you expect the price to go up and/or sell liquidity dry up especially after you have start buying. Getting the best execution price is a bit of an art.

[hodlmybtc]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

It definately cost him a lot of BTC/XMR, but he might feared that if he started to buy in chunks the market would go up even higher so he might has to buy higher.

But anyways buying with half the BTC and then the other half later when more asks are in place in a short time (let's say 15-30 minutes) would probably always have worked out better for him.

[iCEBREAKER]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

Maybe they want to buy 800k monero, and this is only one of 20 chunks of 40k each.   

[TheKoziTwo]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

There may be other motives than just buying XMR. If I had to guess, this guy already owns a significant amount of XMR. Doing market buys helps drive the price in one direction. This is because people see a rising trend, they see that large buys are happening, that resistance is being broken. Big buys can draw a lot of attention and maybe even FOMO.

With some patience the price could go above 0.004 and he will sit at a pretty hefty profit. Not only from his recent buy, but in total. Even if the price doesn't go that high who's to say the price stabilizing at say 0.0035 won't be a lot more profit for him than 0.003? It all depends on his current holdings.

Consider another scenario: he kept the wall at 0.003 and waited for people to dump into it. Over time, it would be dumped away, what would happen then? The price would likely fall further because the trend is down.

So I think trying to establish a trend is part of the reason. If his only goal was to accumulate as much XMR as he can, I agree that he would have done it differently.

[Its About Sharing]

About 40k monero for about 150 BTC, that makes avg 0.00375

Is this really an efficient way to buy that many? I mean I can give the benefit of the doubt and say they wanted them quick, but still, what about in roughly 2K chunks with delays in between?

I am sure many have experimented....

It definately cost him a lot of BTC/XMR, but he might feared that if he started to buy in chunks the market would go up even higher so he might has to buy higher.

But anyways buying with half the BTC and then the other half later when more asks are in place in a short time (let's say 15-30 minutes) would probably always have worked out better for him.

Maybe he only used a fraction in his buy... Stay tuned.

Thx for the comments....

[aminorex]

I am glad of the large market buys because they encourage speculators to put their XMR at ask.  Let's see how many are really for sale.  Let's see it as liquid as possible.  Let's convert speculative holdings to reserve holdings.  Let's do.  Children to the left, adults to the right.  It does tend to discourage small-time market making, somewhat, however.

[Hueristic]

It's always possible he bought his own coins. At this rate I'll never get back in!

To Da Moon Boys. Lol

[aminorex]

If GG and GS analysts are correct, and global mined gold output peaks this year, declines thereafter, it is clearly a bullish factor for gold.

I think it is bullish for XMR as well.  Smaller hoarders will be priced out of gold.  Some fraction of them will find the features of XMR to be well-tuned to their peculiar preferences.  XMR = ant gold.

[Gladimor]

Children to the left, adults to the right.

I really like that expression

[Anon136]

Omg guys. BREAK EVEN PRICE!!!!

[GreekBitcoin]

188BTC at 0.004

is it time for this yet?

[qvan]

for a second i thought polo was btc-e with that 188btc wall lol

[EvanMon]

188 btc wall got eaten at 0.004 and then another 40 btc wall went right back up in its place. Taking some profit was tempting but there hasn't been an opportunity to buy back lower after selling in weeks. Even 5-10 btc will move the market 5% most of the time.

[vokain]

188 btc wall got eaten at 0.004 and then another 40 btc wall went right back up in its place. Taking some profit was tempting but there hasn't been an opportunity to buy back lower after selling in weeks. Even 5-10 btc will move the market 5% most of the time.

We've never had anything like Monero before, in terms of added value. Litecoin was the previous bar set and it has no fundamental difference over Bitcoin. 

[tifozi]

Code:

0.00486000	26147.90000000	127.07879400	246.38786665

Big sell wall @ .00486