[XMR] Monero Speculation

[dEBRUYNE]

I believe this is likely the bottom of this mini-valley.  The price should move up from here, based on what I'm seeing from network hash rate.  
  
The network hash rate was at 13Mh/s when I first learned about Monero a week ago.  
  
It hit a high of 15Mh/s with the recent mini peak, and then dropped with the price, back down to the 13s.  
  
Today, it's back up to 16+.   In addition, we keep bouncing off of the 2300s for support.
  
I think we are at the bottom of this mini-correction.  Time to buy.
 

0.0023 is also the 50% fibonacci retracement level, so would be nice if we could sustain this support.

[mrkavasaki]

there is still very much downside potential.  i wouldn't buy in yet

but thats just my opinion

[Bassica]

The word is spreading fast these days...

Everytime there's a discussion on r/bitcoin or somewhere else a rally starts. The word is spreading lately, I foresee great moves.

[Shrikez]

There is now margin trading for selected coins including XMR on Poloniex 

Let the games begin!

[dEBRUYNE]

There is now margin trading for selected coins including XMR on Poloniex 

Let the games begin!

You can find more information here -> https://poloniex.com/support/aboutMarginTrading

[fast2fix]

there is still very much downside potential.  i wouldn't buy in yet

but thats just my opinion

yep it can go down a bit, i got my buy orders at 1.5mbtc hope it gets filled. 

[americanpegasus]

There is now margin trading for selected coins including XMR on Poloniex 

Let the games begin!

[shitaifan2013]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

[kazuki49]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

Short term will be bad but if polo adds fiat market we can see a resurgence.

[futureofbitcoin]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

[ArticMine]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No it does not. Install GNU/Linux and keep your moneroj on your own computer under your own control.

[kazuki49]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

[camu6]

Usually being the ultra monero bull, i feel this is going to hurt monero alot in the shortterm. It`s not just the issue at Poloniex itself, there is just no good alternative for now.

We were in a nice little uptrend but the market reacted immediately and we might test 0.002 again.

[celestio]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

[futureofbitcoin]

but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.

And XMR volume on other exchanges are too low if you want to buy a decent amount. Unless people start moving from poloniex to other exchanges.

[oblox]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

Polo doesn't do mixin 3 on withdrawals. They did briefly but currently do not. Further, some just feel uncomfortable with the notion about giving their details out like that.

[kazuki49]

but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.

And XMR volume on other exchanges are too low if you want to buy a decent amount. Unless people start moving from poloniex to other exchanges.

This is your opinion, I dont fear to show how much XMR I own or use it to evade taxes, I plan to legally use it as an useful crypto-currency.

[smooth]

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

Polo doesn't do mixin 3 on withdrawals.

Create a throw away wallet, name it polo-withdraw. Withdraw to that wallet. Once it arrives, wait a little while to avoid timing-related tracing (I recommend >1 hour), and then send from there with a higher mixin to a regular wallet. If the amount is distinctive, break up this second transfer into 2+ pieces to avoid having the same (or almost the same, after fees) amount as the original transfer. (If the amount is something very common like 100, you probably don't need to bother breaking it up, but it is better to do so.)

Ideally some or all of these steps will be done automatically by wallets in the future, but the tools are still pretty simple/primitive. The underlying technology to be private without cooperation from anyone is there though, and is what makes Monero great.

Further, some just feel uncomfortable with the notion about giving their details out like that.

Agree

[rpietila]

Stay calm. The network is as anonymous as yesterday, and the NSA anyway knows if you buy from an exchange (or outside of it ), regardless if you do KYC or not. Monero still allows you to be compliant to the banksters, and it still allows you to not be, and neither has changed.

[kazuki49]

Stay calm. The network is as anonymous as yesterday, and the NSA anyway knows if you buy from an exchange (or outside of it ), regardless if you do KYC or not. Monero still allows you to be compliant to the banksters, and it still allows you to not be, and neither has changed.

+10000