[XMR] Monero Speculation

[mrkavasaki]

monero is still a very bad and risky investment

what if polo get hacked? lots of xmr would be in danger hands and monero would be dead in no time

[kazuki49]

monero is still a very bad and risky investment

what if polo get hacked? lots of xmr would be in danger hands and monero would be dead in no time

We sure feel better knowing a troll like you cares so much about our money and investments 

[mrkavasaki]

monero is still a very bad and risky investment

what if polo get hacked? lots of xmr would be in danger hands and monero would be dead in no time

We sure feel better knowing a troll like you cares so much about our money and investments  

believe me, you should be thankfull at me
don't say i haven't you warned yet

[adhitthana]

Where can I find Monero specs?

[iCEBREAKER]

monero is still a very bad and risky investment

what if polo get hacked? lots of xmr would be in danger hands and monero would be dead in no time

We sure feel better knowing a troll like you cares so much about our money and investments  

believe me, you should be thankfull at me
don't say i haven't you warned yet

It costs almost nothing (0.005%) to borrow up to ~25k XMR.

Why don't you put your money where your mouth is, and short them?  

[wpalczynski]

Where can I find Monero specs?

First page of this thread:
https://bitcointalk.org/index.php?topic=583449.25060

[cAPSLOCK]

don't say i haven't you warned yet

Don't worry.  No one will ever say that.

[lindeanin]

don't say i haven't you warned yet

Don't worry.  No one will ever say that.

Every troll says that all day long. We should ban that sentence from even being used here. Don't you agree?

[hiddensphinx]

Is there a wallet with a GUI interface

[iCEBREAKER]

Is there a wallet with a GUI interface

You have a few to choose from:

http://getmonero.org/getting-started/choose

[TrueCryptonaire]

I bet most of those 29000 XMR are from longtime holders, at least 2k are from me which I offered when Poloniex introduced margin trading and they're sitting there.

What's the reason for this? The rate you get is pretty negligible in comparison with the counterparty risk. Furthermore, it gives dumpers/shorters some additional liquidity. My conclusion is that those XMR would be better suited for an actual wallet.

I want dumpers/shorters to have all the liquidity in the world.

1. Cheaper/easier Monero for me and my miners!

2. They will eventually get caught short and epic squeezes will take us in the direction of a certain very large well-known mass orbiting the earth.

3. Pumping is discouraged.

Based on the activity in the lending markets I would rather see a long squeeze than a short squeeze.
People are taking long positions all day long and hardly nobody is shorting. The first guy who starts shorting will get paid the most handsome way in case of long squeeze.
We are living interesting times... I wonder when the bubble pops....

[rpietila]

Where can you observe the total longs vs. shorts?

[TrueCryptonaire]

Where can you observe the total longs vs. shorts?

I think it is not possible unless you have some coins waiting and you can see that nobody is shorting but bitcoins will be borrowed almost within heartbeat.

[rpietila]

Where can you observe the total longs vs. shorts?

I think it is not possible unless you have some coins waiting and you can see that nobody is shorting but bitcoins will be borrowed almost within heartbeat.

The leverage game hinges on the integrity of the platform. If the platform is not running fractional reserve, and the safety margins are large enough, then the short squeeze can possibly be epic, because the number of entities who have enough bitcoins to trigger it is enormous, yet the number and value of XMR that can hinder it is limited. All shorts lose everything.

But if the platform is corrupt, then they will just create more XMR in their system in the event of a squeeze, tapering it off, and hoping they can recoup the position later by buying in their system and canceling the bought XMR against their undisclosed short. If the recouping does not work out, they have a systemic short position, and they can only play time with restricting withdrawals until the eventual happens - they don't have any XMR in their wallets, yet do have them in the system, people cannot withdraw, and it goes down in flames. This is a widely accepted theory of Mt.Gox fall.

A successful long squeeze is possible only in the event that the coin is tending towards zero for its own merits. Even if it drops to zero in a platform, as long as the platform is honest, this will just be an incredible opportunity for the believers to amass more coins. It does not make the coin valueless, any more than the Mt.Gox hack in 2011 made BTC valueless (the system price dropped to 0.01 during the event, from the previous value of about $17).

Of course real XMR selling pressure or shorting pressure can depress the price such that longs are forced to liquidate by the system rules, and this will cause them to suffer losses. But the winners in this case are not the shorters, as the price will bounce back, and obtaining the sold/shorter XMR back without spiking the price more is really difficult. The winners are the patient buyers who just get to buy cheaper.

I advise against participating in the margin game, because historically there is no much evidence that the platforms can deliver in a black swan event. So if you lose, you lose; if you win, the bank loses, and therefore you also lose. Even keeping any value in platforms that enable margin trading is (if possible) even more reckless than keeping it in non-margin platforms, which is reckless.

[TrueCryptonaire]

Where can you observe the total longs vs. shorts?

I think it is not possible unless you have some coins waiting and you can see that nobody is shorting but bitcoins will be borrowed almost within heartbeat.

The leverage game hinges on the integrity of the platform. If the platform is not running fractional reserve, and the safety margins are large enough, then the short squeeze can possibly be epic, because the number of entities who have enough bitcoins to trigger it is enormous, yet the number and value of XMR that can hinder it is limited. All shorts lose everything.

But if the platform is corrupt, then they will just create more XMR in their system in the event of a squeeze, tapering it off, and hoping they can recoup the position later by buying in their system and canceling the bought XMR against their undisclosed short. If the recouping does not work out, they have a systemic short position, and they can only play time with restricting withdrawals until the eventual happens - they don't have any XMR in their wallets, yet do have them in the system, people cannot withdraw, and it goes down in flames. This is a widely accepted theory of Mt.Gox fall.

A successful long squeeze is possible only in the event that the coin is tending towards zero for its own merits. Even if it drops to zero in a platform, as long as the platform is honest, this will just be an incredible opportunity for the believers to amass more coins. It does not make the coin valueless, any more than the Mt.Gox hack in 2011 made BTC valueless (the system price dropped to 0.01 during the event, from the previous value of about $17).

Of course real XMR selling pressure or shorting pressure can depress the price such that longs are forced to liquidate by the system rules, and this will cause them to suffer losses. But the winners in this case are not the shorters, as the price will bounce back, and obtaining the sold/shorter XMR back without spiking the price more is really difficult. The winners are the patient buyers who just get to buy cheaper.

I advise against participating in the margin game, because historically there is no much evidence that the platforms can deliver in a black swan event. So if you lose, you lose; if you win, the bank loses, and therefore you also lose. Even keeping any value in platforms that enable margin trading is (if possible) even more reckless than keeping it in non-margin platforms, which is reckless.

If I am not mistaken, it is traders who are taking short or long positions, not the platform.
They are even charging higher trading fees on margin trading than with the ordinary trading activities.

[pinky]

Where can you observe the total longs vs. shorts?

I think it is not possible unless you have some coins waiting and you can see that nobody is shorting but bitcoins will be borrowed almost within heartbeat.

The leverage game hinges on the integrity of the platform. If the platform is not running fractional reserve, and the safety margins are large enough, then the short squeeze can possibly be epic, because the number of entities who have enough bitcoins to trigger it is enormous, yet the number and value of XMR that can hinder it is limited. All shorts lose everything.

But if the platform is corrupt, then they will just create more XMR in their system in the event of a squeeze, tapering it off, and hoping they can recoup the position later by buying in their system and canceling the bought XMR against their undisclosed short. If the recouping does not work out, they have a systemic short position, and they can only play time with restricting withdrawals until the eventual happens - they don't have any XMR in their wallets, yet do have them in the system, people cannot withdraw, and it goes down in flames. This is a widely accepted theory of Mt.Gox fall.

A successful long squeeze is possible only in the event that the coin is tending towards zero for its own merits. Even if it drops to zero in a platform, as long as the platform is honest, this will just be an incredible opportunity for the believers to amass more coins. It does not make the coin valueless, any more than the Mt.Gox hack in 2011 made BTC valueless (the system price dropped to 0.01 during the event, from the previous value of about $17).

Of course real XMR selling pressure or shorting pressure can depress the price such that longs are forced to liquidate by the system rules, and this will cause them to suffer losses. But the winners in this case are not the shorters, as the price will bounce back, and obtaining the sold/shorter XMR back without spiking the price more is really difficult. The winners are the patient buyers who just get to buy cheaper.

I advise against participating in the margin game, because historically there is no much evidence that the platforms can deliver in a black swan event. So if you lose, you lose; if you win, the bank loses, and therefore you also lose. Even keeping any value in platforms that enable margin trading is (if possible) even more reckless than keeping it in non-margin platforms, which is reckless.

If I am not mistaken, it is traders who are taking short or long positions, not the platform.
They are even charging higher trading fees on margin trading than with the ordinary trading activities.

This is crypto world and there is only one rule: "There are no rules!"

[Bassica]

Risto, don't you think chances of Poloniex being involved in margin trading themselves is 'marginal' considering the regulatory framework they've to comply to? If you get caught with that, you'd have to close shop.

[nioc]

Polo currently does not give the amount of shorts and longs. when asked in the troll box a mod responded that more things will be rolled out in the future but as of now the margin system is still in beta.

so when or what data will be public is obviously unknown.


Edit: I currently have neither btc nor Monero on Polo but still check their site for info.

[macsga]

Is there a wallet with a GUI interface

You have a few to choose from:

http://getmonero.org/getting-started/choose

MoneroX is the best one out there if you want an "offline" solution. I wasn't able to run the OSX client though, no matter how hard I tried. I have chosen the VirtualBox solution, with a win7-64bit machine that runs on a 16Gb macbook pro. Charm. Make sure you created a virtual HDD of more than 40Gb though, since 25Gb is used for the win environment + swap file.

[kenji]

Hi Guys,i have a question, if our main exchanger Pole be attacked by an Hacker, many coins would in a evil hand, so do you Guys think that would be the end of monero?