[XMR] Monero Speculation

[nioc]

24hr volume on Polo is 1000 btc.  If you think the default 15 minute timeframe on bitcoinwisdom is impressive, take a look at the longer timeframes

First time I can remember seeing XMR and BTC rising at the same time.

The people selling ETH have to go somewhere.

This is not because people suddenly realized how beautiful Monero is.  However they should realize it's been around for almost 2 years with good volume and improving fundamentals, maybe.

Then again siacoin also has 1000 btc volume.  WTF is that    and a price of 0.00000023

[klee]

Anyone knows where the 130-160 shorts (x3) get margin called?

[dEBRUYNE]

Anyone knows where the 130-160 shorts (x3) get margin called?

That's difficult to say, depends on the amount of collataral as well. However, normally a ~33% move in the opposite direction of the base price should result in a margin call.

EDIT: Exact formula for anyone interested. To calculate it exactly one needs to apply the following formula:

(amount of collateral - (amount of units/shares * price)) / (amount of units/shares * price) = % of maintenance margin

Amount of collateral is the sum of what is sitting in the account already + the proceeds from the short shale.

[dEBRUYNE]

binaryFate made this excellent post on reddit a few days ago to explain how ring signatures in Monero work (and a comparison against Bitcoin):

Here is a short recap, first how Bitcoin works and then the difference when you have ring signatures.

• "Classic" signing as in Bitcoin: Whenever you want to spend an input (required when you build a transaction), you reference that input and produce a signature with the private key that corresponds to the address to which that input was sent.
• Ring signing as in Monero: Whenever you want to spend an input, you reference that input PLUS some others with the same amount. Those additional inputs can be anywhere in the blockchain, recent or old. They can belong to dead people or their corresponding private key can be lost (just to underline they are not going to do anything active with you). Once you have this list of inputs (yours + the additionals), you create a ring signature using a private key. To any observer, this signature could have been created by any of the keys corresponding to the inputs. They have no way to know who the signer is, and therefore which input is actually spent in the list and which ones are "the additionals".

To insist that the process is entirely passive for others: they don't need to do anything, they can't even choose who will use their inputs as part of a ring or not. You can be the only user of Monero for an entire week and still create ring signatures as usual. You can also create ring signatures and therefore transactions on an airgap computer without any internet connection. (That should make it clear to you nobody else is involved in the process).

https://www.reddit.com/r/Monero/comments/44sz7q/propose_to_change_the_phrase_mixin_to_ring_size/cztbx9a

[owm123]

looks like a good call to me @koryu.
market seems to agree for now.  to go all the way up again would be crazy  

at least there wont be a fight for 145k this time..this war is over it seems

the war? I think pump finished from last week or so. So xmr, is back to regular trading volumes.

I expect there will be more pumps coming soon for the previously #1 digital currency on Poloniex in terms of volume.

Possibile. But I dont see how xmr could reach volumes of eth. Even dash has been continuously traded with higher volume than xmr. I think spot #1 of xmr on Polo is lost, and cant see how it could go back to even being in first 3 spots anytime soon.

Haha. I think I was wrong few days ago :-)

[digicoin]

ETH is pumped by hedge funds. No surprise when its volume reaches 50k BTC/24 hours

[dnaleor]

Just posting this, for future reference

[nioc]

20 btc sell wall @195 eaten in a couple of bites.  <1 btc in the way of 200.

[GTO911]

Seriously, who exchanges Monero for Carpediem?? 

[tifozi]

Walls are being dismantled. I thought 25 would take a couple of days, but price is already 22. Order book is getting fatter on the buy side but I think a lot of them will have to change their plans and do market buys instead.

[macsga]

ETH is being dumped relentlessly; and for the first time ever, when BTC drops, it drops too. Bear winter for ETH, Bull Spring for XMR. I expect a supernova and not because I own XMR. Most of the alts on Polo went up to 10x on their rallies. 1Bn Market cap feasible? 

[TrueCryptonaire]

Looks like there have been liquadated some shorts now. I've seen some repayments of loans recently.
That might be a good shorting opportunity if not that many are not holding a short position + the price has exploded.

My own positions are in lending markets so my views are biased to that direction.   I love passive income and compounding interest which I have been able to collect recently.

[dEBRUYNE]

Looks like there have been liquadated some shorts now. I've seen some repayments of loans recently.
That might be a good shorting opportunity if not that many are not holding a short position + the price has exploded.

My own positions are in lending markets so my views are biased to that direction.   I love passive income and compounding interest which I have been able to collect recently.

Lending rates are still quite high, so probably still a lot of shorts are either taken out or outstanding.

[BTKC]

Wow! Good to see XMR back around ~.002. I feel like anytime it's outside the top 10 in marketcap it's an undervalued coin. I mean it's currently going back and forth with YBcoin.. What the hell is YBcoin? Looks like a pure chinese p&d  

[dEBRUYNE]

In case anyone missed it here, Shen Noether delivering proof of the Shadowcash deanonymization:

https://github.com/ShenNoether/Deanon

De-anonymization of the whole chain:

https://raw.githubusercontent.com/ShenNoether/Deanon/master/sdcDeAnon.txt

Initial blog with edits:

https://shnoe.wordpress.com/2016/02/11/de-anonymizing-shadowcash-and-oz-coin

This does not apply to Monero!

[TrueCryptonaire]

Despite the fact that Monero has risen 100 % already, it is not in a bubble by any means.
It is like Apple ran from 13 usd all the way to 25 usd some 10 years ago.
However, if you are for short term profits, perhaps now it is time to put some pressure on lending markets and open some short positions. By doing so, you also stabilize the markets: when the dumpers enter, they dump it to your closing orders and you make money.

[RAJSALLIN]

This is the wrong thread for this but I know someone here can help me.

I have an old Monero wallet that I haven't touched for 1.5 years. I'm not sure how much I have in it and wanted to check after todays price increase. I downloaded the Monero files and the blockchain. Put the blockchain and my old key file in the same folder as the bitmonero.exe file and simplewallet. When I run them both the wallet won't update because it says the deamon is busy. Has been like this for several hours now. Anyone know how to fix this?

[dEBRUYNE]

This is the wrong thread for this but I know someone here can help me.

I have an old Monero wallet that I haven't touched for 1.5 years. I'm not sure how much I have in it and wanted to check after todays price increase. I downloaded the Monero files and the blockchain. Put the blockchain and my old key file in the same folder as the bitmonero.exe file and simplewallet. When I run them both the wallet won't update because it says the deamon is busy. Has been like this for several hours now. Anyone know how to fix this?

Are you fully synced? Use "diff" in bitmonerod.exe (the daemon) to check your blockheight and compare that to http://moneroblocks.info/.

Try downloading the Monero files and syncing the blockchain from scratch. After that, place your wallet files in the same directory as simplewallet. If you created the wallet on the same OS, it should update itself.

Alternatively, one can import the blockchain using the method described here:

https://github.com/monero-project/bitmonero/releases/tag/v0.9.0

Make sure to grab the binaries of 0.9.1 though:

https://github.com/monero-project/bitmonero/releases/tag/v0.9.1

Syncing from scratch is more convenient in my opinion and probably faster as well.

[tifozi]

$0.80  

Looks like this round could be to cross $1.00 and test new support levels after what has been a very long dormant period in XMR history.

[GTO911]

Monero 4th highest volume after BTC, ETH, LTC