TrueCryptonaire
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Activity: 1092
Merit: 1000
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January 26, 2016, 06:20:57 PM |
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Liquidity seems to drop. At some point bids were around BTC 360 if I am not mistaken. Now "mere" BTC 180. No reason to worry of the size but the trend certainly is wrong. I hope there are more BTCs waiting in the shadows.
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GTO911
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January 26, 2016, 06:44:10 PM |
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Well if china notices monero somehow, it will be beyond the milky way
China is mooning even shitcoins
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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January 26, 2016, 07:01:45 PM |
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Chinese are more gamblers by nature (like Litecoin had its pyramid scheme in China a while ago which mooned LTC big time).
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jehst
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January 26, 2016, 07:06:51 PM |
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Well if china notices monero somehow, it will be beyond the milky way
China is mooning even shitcoins
I was looking at coinmarketcap and thinking "wtf" so many times. EARTHCOIN with half a million dollars in trade volume. Lmao.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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dnaleor
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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January 26, 2016, 07:33:55 PM |
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Well if china notices monero somehow, it will be beyond the milky way
China is mooning even shitcoins
http://monero.cash
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volyova
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Activity: 910
Merit: 1000
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January 26, 2016, 07:37:28 PM |
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Well if china notices monero somehow, it will be beyond the milky way
China is mooning even shitcoins
I was looking at coinmarketcap and thinking "wtf" so many times. EARTHCOIN with half a million dollars in trade volume. Lmao. Do you hear that? It's the sound of people making money.
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americanpegasus
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January 26, 2016, 07:44:14 PM |
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When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right? I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it. Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
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Account is back under control of the real AmericanPegasus.
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dEBRUYNE
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Activity: 2268
Merit: 1141
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January 26, 2016, 07:54:05 PM |
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Liquidity seems to drop. At some point bids were around BTC 360 if I am not mistaken. Now "mere" BTC 180. No reason to worry of the size but the trend certainly is wrong. I hope there are more BTCs waiting in the shadows.
Some BTCs (bids) might be removed to jump on one of the alt rallies today, they might be back later. Also, that 167-168k resistance is pretty tough, so it might take a few tries (and subsequent retraces) before we blow through it.
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saddambitcoin
Legendary
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Activity: 1610
Merit: 1004
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January 26, 2016, 08:03:00 PM |
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When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right? I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it. Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
I read they started buying at $9, so that would be around summer 2012. The price was then stable around $10-13 for months after that, there was even some uncertainty in the air because of the pirateat40 scam coming undone. Nobody was sure what would happen when the block reward halved, people saying it was already priced in, etc. Certainly their buying took a lot of BTC off the table, but there were a lot of people quietly buying at that time...it was a good time!
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SmoothCurves
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January 26, 2016, 08:46:44 PM |
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When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right? I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it. Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
I read they started buying at $9, so that would be around summer 2012. The price was then stable around $10-13 for months after that, there was even some uncertainty in the air because of the pirateat40 scam coming undone. Nobody was sure what would happen when the block reward halved, people saying it was already priced in, etc. Certainly their buying took a lot of BTC off the table, but there were a lot of people quietly buying at that time...it was a good time! My guess is it will play out the same. A year from now all we'll see is people who wish they had bough in around this time.
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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January 26, 2016, 09:51:49 PM |
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SmoothCurves
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January 26, 2016, 09:54:11 PM |
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Wow that was fast!? Epic.
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ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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January 26, 2016, 11:42:18 PM |
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When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right? I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it. Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
This is my perspective from the point of view of someone who was there at the time. The XBT/USD exchange rate from mid 2011 to the end of 2013 was influenced to a significant degree by the rise and collapse of two massive XBT naked short positions. These were pirateat40 who at its peak led the market to believe he was good on around 800,000 XBT and MTGox who also at its peak led the market to believe it was good for around 800,000 XBT. To put things into perspective the total number of XBT during the same period of time ranged from about 6.7 million to 12 million. These means we are talking of naked short positions in the neighborhood of over 10% of all XBT. The influence of massive naked short short positions on any market is very predictable. First there is falling and then stable prices as the short positions are built up. Then when the market starts to rise on its own accord the shorts are squeezed to the wall causing a meteoric rise in prices and after the dust settles the market ends up at significantly higher price levels. The Winklevoss were among many smart money investors both large and small who played the classic naked short squeeze: 1) Buy 2) Take Delivery 3) Wait 4) Profit. The situation with Monero is actually very different since there are no massive naked short positions waiting to be squeezed. The fundamentals are very strong but in a different way.
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SmoothCurves
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January 26, 2016, 11:54:14 PM |
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When the Winklevoss decided to acquire 1% of Bitcoin in the early days, it sent the price skyrocketing, right? I need to try to find the speculation threads of when that was happening. I'm sure early fans were freaking out and discussing technicals and all manner of irrelevant signals. Meanwhile what was actually happening was some whale had decided to acquire a huge stake and the market felt it. Also, perhaps a meteoric rise is actually possible, since I am one of the biggest bulls out there and even I think a rise to .005 would be ridiculous by summer. It's when no one expects it that price goes to Alpha Centauri.
This is my perspective from the point of view of someone who was there at the time. The XBT/USD exchange rate from mid 2011 to the end of 2013 was influenced to a significant degree by the rise and collapse of two massive XBT naked short positions. These were pirateat40 who at its peak led the market to believe he was good on around 800,000 XBT and MTGox who also at its peak led the market to believe it was good for around 800,000 XBT. To put things into perspective the total number of XBT during the same period of time ranged from about 6.7 million to 12 million. These means we are talking of naked short positions in the neighborhood of over 10% of all XBT. The influence of massive naked short short positions on any market is very predictable. First there is falling and then stable prices as the short positions are built up. Then when the market starts to rise on its own accord the shorts are squeezed to the wall causing a meteoric rise in prices and after the dust settles the market ends up at significantly higher price levels. The Winklevoss were among many smart money investors both large and small who played the classic naked short squeeze: 1) Buy 2) Take Delivery 3) Wait 4) Profit. The situation with Monero is actually very different since there are no massive naked short positions waiting to be squeezed. The fundamentals are very strong but in a different way. Thanks for the perspective. What are your thoughts on the next 12months for BTC and XMR?
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 27, 2016, 03:55:52 AM |
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Wow that was fast!? Epic. Shen is a beast. Math lord, Crypto boss, and Pro coder all in one. Monero Mountain is lucky to have him as a resident mustang! Send him a tip if you like. His XMR donation address is at https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/cwdnkaz
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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Hueristic
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Activity: 3976
Merit: 5421
Doomed to see the future and unable to prevent it
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January 27, 2016, 04:46:51 AM |
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Well if china notices monero somehow, it will be beyond the milky way
China is mooning even shitcoins
I was looking at coinmarketcap and thinking "wtf" so many times. EARTHCOIN with half a million dollars in trade volume. Lmao. W0w, I dumped so much of that shitcoin last year. Kinda glad to hear because there was real decent guy selling silver that was a huge bagholder. Hope he scored.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 27, 2016, 11:20:38 AM |
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Shorts are out in force today. They're borrowing about 3,000 XMR from me. Probably the ones at 0.00144. I'd guess a total of 12k are being lent ATM. If anybody wants to squeeze them, LMK and I'll pull my the rest of my coins off the lending and Sell markets.
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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hitchingAride
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Activity: 78
Merit: 10
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January 27, 2016, 12:23:13 PM |
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Monero seems to be lagging today especially compared to the other coins
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greed, for lack of a better word, is good.
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dEBRUYNE
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Activity: 2268
Merit: 1141
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January 27, 2016, 12:39:48 PM |
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Shorts are out in force today. They're borrowing about 3,000 XMR from me. Probably the ones at 0.00144. I'd guess a total of 12k are being lent ATM. If anybody wants to squeeze them, LMK and I'll pull my the rest of my coins off the lending and Sell markets. Looking at the 3 min, seems like a lot of dumping last night and a lot of asks placed lower. Bid side is a bit damaged, hopefully it will recover (perhaps some bids are riding on another pump). Thus far we managed to hold the support at the lower 140ks.
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smooth (OP)
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Activity: 2968
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January 27, 2016, 01:38:11 PM |
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New Monero community project was announced earlier on the ANN thread, might be of interest here. INTRODUCING THE MONERODO OS http://nodebox.link/What is it? Monerodo is a portmanteau (because I love them and love that word) of Monero and Node (well, esperanto for node). Now you can take any old PC and turn it into a monero node, monero pool server, and nvidia miner. Instructions on the website. Its not a GUI... but its not CLI either!!!! Follow link for more info
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