[XMR] Monero Speculation

[digicoin]

I don't really like pump and dump altcoins like CLAMS. A coin can be manipulated to pump to the moon and then drop flat to the earth. What kind of future is it for such coins? It is a gamble for some get-rich-quick guys.

XMR is a breakthrough technology for a practical purpose: financial transaction privacy. I hope that people will not treat it as yet-another P&D coin: cash out everything to take profit when price raises up and never come back. We have good coders, rational community and clear roadmap.

Its price can be low for a long time but I hope that there are growing long term believers in it.

[megges]

I don't really like pump and dump altcoins like CLAMS. A coin can be manipulated to pump to the moon and then drop flat to the earth. What kind of future is it for such coins? It is a gamble for some get-rich-quick guys.

XMR is a breakthrough technology for a practical purpose: financial transaction privacy. I hope that people will not treated it as yet-another P&D coin: cash out everything to take profit when price raises up and never come back. We have good coders, rational community and clear roadmap.

Its price can be low for a long time but I hope that there are growing long term believers in it.

I understand that you don't like P&D (i guess you are a hodler and not a trader), but think of the following, if you believe in XMR and it's tech and it's future, and you could "generate" a P&D, you would generate it - because it gives you the opportunity to have more XMR after the manipulation circle, then before. Because you believe in it, you want more! In my view that's only human.
So a good code, rational community and clear roadmap would not make a P&D more unlikely.

just my 2 cents

btw i'm not invested in clams and i certainly know to less to see it as a good investment or not, i just choose clams as an example because the P&D happened recently.

[nioc]

Only 9 pull requests merged today...............

[Quicken]

Perhaps only peripherally important for Monero but this news story is doing the rounds today. Example:

http://news.sky.com/story/1602546/police-raid-after-bitcoin-creator-revealed

Police have raided the Sydney home of a man named as the likely creator of cryptocurrency bitcoin, according to the Reuters news agency

However the police force said in a statement that the move was not linked to "media reporting ... about bitcoins".

Instead it directed all inquiries to the Australian Tax Office, suggesting the raid could be linked to tax issues.

Hello, Satoshi?

http://gizmodo.com/this-australian-says-he-and-his-dead-friend-invented-bi-1746958692
https://bitcointalk.org/index.php?topic=1281318.0

[CryptoBeauty]

Have been reading up on XMR techonlogy, really interesting.
I will keep my eye on this.

[onemorexmr]

Perhaps only peripherally important for Monero but this news story is doing the rounds today. Example:

http://news.sky.com/story/1602546/police-raid-after-bitcoin-creator-revealed

Police have raided the Sydney home of a man named as the likely creator of cryptocurrency bitcoin, according to the Reuters news agency

However the police force said in a statement that the move was not linked to "media reporting ... about bitcoins".

Instead it directed all inquiries to the Australian Tax Office, suggesting the raid could be linked to tax issues.

Hello, Satoshi?

i dont think so... but https://bitcointalk.org/index.php?topic=1281318.0;topicseen
more interesting how will bitcoin price react as the media and australia tax bureau seems to believe it ;-)

[Hueristic]

Perhaps only peripherally important for Monero but this news story is doing the rounds today. Example:

http://news.sky.com/story/1602546/police-raid-after-bitcoin-creator-revealed

Police have raided the Sydney home of a man named as the likely creator of cryptocurrency bitcoin, according to the Reuters news agency

However the police force said in a statement that the move was not linked to "media reporting ... about bitcoins".

Instead it directed all inquiries to the Australian Tax Office, suggesting the raid could be linked to tax issues.

Hello, Satoshi?

http://gizmodo.com/this-australian-says-he-and-his-dead-friend-invented-bi-1746958692
https://bitcointalk.org/index.php?topic=1281318.0

Thanks for those links! They brought me on a 2 hour tour learning alot about Cypherpunk as well as a interesting conference about to be held in russia that I linked to in the main thread.
http://www.cybersalon.org/cypherpunk/

You should post these in the main thread as they are not topic related.

[Hueristic]

Perhaps only peripherally important for Monero but this news story is doing the rounds today. Example:

http://news.sky.com/story/1602546/police-raid-after-bitcoin-creator-revealed

Police have raided the Sydney home of a man named as the likely creator of cryptocurrency bitcoin, according to the Reuters news agency

However the police force said in a statement that the move was not linked to "media reporting ... about bitcoins".

Instead it directed all inquiries to the Australian Tax Office, suggesting the raid could be linked to tax issues.

Hello, Satoshi?

i dont think so... but https://bitcointalk.org/index.php?topic=1281318.0;topicseen
more interesting how will bitcoin price react as the media and australia tax bureau seems to believe it ;-)

Australian banks are really afraid of crypto currency and are waging war on it. If I lived in that country I'd be trying to get out.

[iCEBREAKER]

Most alts spend >90% of their lives falling against bitcoin and <10% of their lives rising against bitcoin.

altcoin investors must get used to the idea that we will spend 90% of our time watching our money shrink and 10% of our time watching it explode.  

My hypothesis is that the transition to the next XMR bull market will be sudden, not gradual. People will be wondering whether XMR is dead in one moment; in the next, it will be rocketing to .01 per bitcoin or beyond.

The large amount of XMR available at low cost for borrowing keeps the rallies tamped down.

But when too many short sellers try to cover at once, it's off to the moon.

[dadj]

Most alts spend >90% of their lives falling against bitcoin and <10% of their lives rising against bitcoin.

altcoin investors must get used to the idea that we will spend 90% of our time watching our money shrink and 10% of our time watching it explode.  

My hypothesis is that the transition to the next XMR bull market will be sudden, not gradual. People will be wondering whether XMR is dead in one moment; in the next, it will be rocketing to .01 per bitcoin or beyond.

The large amount of XMR available at low cost for borrowing keeps the rallies tamped down.

But when too many short sellers try to cover at once, it's off to the moon.

Where can you see the amount of xmr available for lending?

[ArticMine]

...

Where can you see the amount of xmr available for lending?

https://poloniex.com/lending#XMR

[dEBRUYNE]

...

Where can you see the amount of xmr available for lending?

https://poloniex.com/lending#XMR

Or -> http://monerodice.pd.to/polo.php, for a summary over time.

Regarding speculation, asks down to ~340k from ~420k. Also, unlike yesterday, we seem to be quite stable in XMR/BTC terms, even up a bit. Hopefully we can hold this range until 0.9 is out.

I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so.

[dloghwak]

...

Where can you see the amount of xmr available for lending?

https://poloniex.com/lending#XMR

I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so.

At this point the rally is most likely not a rally anymore.

[aminorex]

XMRUSD stable, expect more stability.  Accumulating.
I am full on BTC, holding, expect a continued rise into next week.
I am closing my EEM short today.  Reversing to long.
Closing CL short today.  Going flat.
Neutralizing my ES short overnight, due to risk of a bounce in USDJPY.
Lightening up on wheat, with an eye to doubling down below 480.
Gold should drift up until middle of next week, then resume downtrend, before ES finishes the current drop.
I like bear steepeners into the rate hike.
Favorite shares for buy-and-hold right now are NMM, SUNE, TERP, DDD.
Favorite short AMZN.

[dEBRUYNE]

...

Where can you see the amount of xmr available for lending?

https://poloniex.com/lending#XMR

I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so.

At this point the rally is most likely not a rally anymore.

After the heavy retrace it looks to me like it is going for a second leg upwards, which actually already started. Bear in mind that we are up over 100$ from the lowest point of the retrace.

[medusa13]

maybe a little bit early, but i could imagine a perfect hammer on the weekly if we stay stable.

[megges]

maybe a little bit early, but i could imagine a perfect hammer on the weekly if we stay stable.

..... if .....

It's not a hammer until the candle is closed.
Technical analysis, like a hammer formation, would not work if the candle is not closed.
Calling patterns on not yet closed candles is something for gamblers or to trap "noobs"
(But somehow we are all just addicted gamblers, aren't we?)

[medusa13]

we all together draw the chart. peoples imagination of the future can change a lot.
this market is very small. every trade has an effect. bigger trades can change sentiment very quickly

[Bassica]

Almost a thousand moneroj for 1 btc. We'll be looking back on this with remorse gents...

[dloghwak]

...

Where can you see the amount of xmr available for lending?

https://poloniex.com/lending#XMR

I think after a certain point a BTC increase will not result in a decline in the XMR/BTC price anymore, because most traders/investors that want to jump on the BTC rally have already done so.

At this point the rally is most likely not a rally anymore.

After the heavy retrace it looks to me like it is going for a second leg upwards, which actually already started. Bear in mind that we are up over 100$ from the lowest point of the retrace.

What I meant to say was, that at the point where most traders/investors are onboard, it's most likely a turning point and not a rally anymore, as it simply would lack fuel to keep the rally going.
I did not mean that this particular rally is done.