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Author Topic: [XMR] Monero Speculation  (Read 3312580 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
aminorex
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March 20, 2016, 03:16:12 PM
 #15041

Can you tell my why in this thread always post the same 3-4 posters??

Adoption of XMR is miniscule.  Most holders have strong privacy interests, so very few post.  Even among those who might post, few have any reason to do so.  Some are former bitcoin maximalists, or even present maximalists who want to hedge, and would lose face by showing their hand.

The miniscule adoption levels are why XMR has 500x as much upside as bitcoin, conservatively.  The current market cap is what you get with about 2000 mostly speculative holders and 20 merchants.  (Total SWAG numbers.)

If e.g. AlphaBay added XMR you could expect price to rapidly (over a few weeks) rise to the $20-$50 level, from just that one market, disregarding speculators front-running it.  If CryptoWall gang is arrested (regardless whether they are mafiosos or intelligence agents) and the next crew demand XMR, expect another factor of 2-5x. if some Chinese guy using bitcoin to buy a South American retirement home gets a bullet for evading capital controls,  expect a factor of 5-10x short-term, and 50-100x long-term.

Almost none of those people will ever post here.  But a few more FX and I-bank types will show up, a few more pump & dump people,  a few more Mrs. Wantanabe types, and some libertarian ideologues.  Then XMR maximalists will emerge in force, journalists and academics will take interest, and nation-state politics will become involved.
That's when risk goes up to new levels.

Price stability is impossible until XMR-BTC parity has been surpassed, if only briefly.  Price stability only comes when most of the circulating XMR is servicing contractual obligations, consumption, or supply chain relationships.
When that happens, risk drops dramatically.  (Bitcoin hasn't reached this level yet.)

Then very conservative large stores of wealth will adopt XMR, and the final 20-50x factor is priced in when most of the XMR is held in long-term reserves.



Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
vuduchyld
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March 20, 2016, 03:25:15 PM
 #15042

Strange book on Polo today.  XMR is #2 volume-wise (behind ETH or course).  XMR is up around 5.5% right now.  ALL of the other most common names up there (MAID, ETH, DASH, etc...) are all down.  Then there are these other out-of-the-blue pumps (IOC, GRC, likely scamcoins) that are up 70% to 105%. 

I haven't done the math on it, but it sure seems like XMR is a high-alpha, low-beta king among the alts lately. 
rdnkjdi
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March 20, 2016, 03:25:56 PM
 #15043

Almost a month at .1 interest with 1300 xmr.  30+.  Can't help but wonder what this guy's endgame is.  He's had a chance to sell.  
Hueristic
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March 20, 2016, 03:47:17 PM
 #15044

They run a liquidation algorithm that is supposed to prevent flashcrashes which could result in "socialized losses".

And how would we even know if they did that or have not already done it?

I am not sure I understand your question here, could you clarify?

We have no means of detecting whether it is a Bucket Shop or not.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
dEBRUYNE
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March 20, 2016, 03:51:29 PM
 #15045

Lately, the jumps come on Wednesdays and weekends.  I had to say this publicly in order to break the chain.

Chaos theory can be a bitch sometimes.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
dEBRUYNE
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March 20, 2016, 03:56:19 PM
 #15046

They run a liquidation algorithm that is supposed to prevent flashcrashes which could result in "socialized losses".

And how would we even know if they did that or have not already done it?

I am not sure I understand your question here, could you clarify?

We have no means of detecting whether it is a Bucket Shop or not.

You simply borrow from lenders that have offered their BTC against a certain rate. What I meant with "They run a liquidation algorithm that is supposed to prevent flashcrashes which could result in "socialized losses" is that there is a delay in liquidation if the bids drop too fast (afaik). Due to the delay the bids have some time to replenish again and this system prevents too deep flashcrashes. An example would be the flashcrash to around 100$ they had in 2014.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
bitebits
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March 20, 2016, 04:01:26 PM
 #15047

Can you tell my why in this thread always post the same 3-4 posters??
Analytic and speculative answer.

I love to be able to one day quote this post, that's why I do it today. Awesome.

I am speculating, but the amount of nodes is increasing over the last few days. Are people firing up extra 0.9.2 nodes just to make sure we will have a smooth hardfork? Thanks to luigi1111 this node runs another whole month.

- Nodes: https://monerohash.com/nodes-distribution.html
- Countdown timer: http://myrcraft.com/xmr.html

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
Drhiggins
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March 20, 2016, 04:26:38 PM
 #15048

Nice little rise this morning.   

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vuduchyld
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March 20, 2016, 04:32:26 PM
 #15049

Nice little rise this morning.   


The action is compelling, too.  I can't stop looking at the sells being eaten alive in big chunks.
BldSwtTrs
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March 20, 2016, 04:36:37 PM
 #15050

Please aminorex, don't say you feel bullish.
Bassica
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March 20, 2016, 04:49:02 PM
 #15051

0.004 today?
Drhiggins
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March 20, 2016, 04:54:11 PM
 #15052

0.004 today?

0.004 would be good today.  we shall see  Smiley

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Drhiggins
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March 20, 2016, 04:57:50 PM
 #15053

There is some decent sized buy orders on polo right now.

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dEBRUYNE
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March 20, 2016, 05:00:39 PM
 #15054

Lending rates (to short) up to 0.2% now.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
nioc
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March 20, 2016, 05:02:09 PM
 #15055

0.004 today?

absolutely not
dEBRUYNE
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March 20, 2016, 05:14:22 PM
 #15056

Bump, http://monero.miner.center/ has upgraded to the proper version. Still no progress from the other pools listed below. All others have upgraded and are safe to mine on.

I urge  community members to please send a mail as well to the pools listed in my previous comment urging them to upgrade. Any Hydrogen Helix version is fine (0.9.x). Alternatively, miners should move their hash away from it and go to a pool that has already upgraded. A list of pools can be found here:

https://monerohash.com/#network

Bump, none of the pools listed below have upgraded yet. However, Minergate said they will upgrade soon, see:

https://twitter.com/MinerGate/status/710727384136335361

PSA: Users, (solo)miners, exchanges/merchants, and pooloperators must be on 0.9.x (preferably 0.9.2) in advance of the hardfork otherwise you will get forked/booted off the network. If you are mining on one of the following pools, please contact your poolop immediately or switch to another pool.



Approximately the 23th of March there will be a hardfork on the Monero network. Most pools have upgraded, but some have not yet. If they don't upgrade before the hardfork they will get forked/booted off the network. As a result you will miss out on revenue if you are mining on these pools. Thus, if you are mining on the following pools, please contact your pool owner as soon as possible and urge them to upgrade. Alternatively, you can switch to a pool that is on the right version.

FYI: You can plug the blockheader of your pool into "http://moneroblocks.info/api/get_block_header/hash_of_blockheader". The minor_version must show "minor_version: 2". This means that the pool is on the right version. If it shows "0" or "1" the pool is on an outdated version. An example of a pool on the right version (Monerohash):

http://moneroblocks.info/api/get_block_header/2a88740443bf654e595bba7061509e6a3a80623da5de2478c4a90b45454a7fa8

List of pools that haven't upgraded yet:


List of pools that have upgraded:

You can find most pools here:

https://monerohash.com/#network

Some of the aforementioned pools are listed there as well. If you are switching, avoid the aforementioned pools.



Binaries:

Monero v0.9.2 - Hydrogen Helix - released! (Urgent and important bug fixes for the upcoming hard fork)

https://github.com/monero-project/bitmonero/releases/tag/v0.9.2

Quote
<fluffypony> will do shasums / gpg signed mesage tomorrow

Information from Github:

Quote
This has urgent and important bug fixes to 0.9.0 Hydrogen Helix
  • Major performance and size improvements to the LMDB database implementation
  • Urgent and important bug fixes for the upcoming hard fork
  • Huge bug fixes to the database hard fork handling
  • New simplewallet flag to restore from keys
  • Initial work on a wallet library / API
  • Updated in-source block headers



General hardfork information:

Background:

https://forum.getmonero.org/4/academic-and-technical/303/a-formal-approach-towards-better-hard-fork-management

Quote
What are the change(s) with the upcoming hard fork on the 20th of March?

  • Blocktime is bumped from 1 to 2 minutes. See:

https://forum.getmonero.org/20/general-discussion/2401/increasing-the-block-time

  • Minimum blocksize is bumped to 60 KB. See:

https://forum.getmonero.org/20/general-discussion/2409/increasing-the-minimum-block-size

A big advantage of this is that current individual transactions that sometimes won't go through (because they are a bit above the median due to many outputs (e.g. dust), or the daemon / MyMonero rejects them for some reason) can easily be included in the block without incurring a penalty. Above is a bit of a blunt explanation, I am sure one of the core-team members / developers could give you a more detailed explanation.

  • Finally, the recommendations from the MRL team stated in MRL-0004, of which the minimum mixin >= 3 is probably the most salient. See:

https://lab.getmonero.org/pubs/MRL-0004.pdf

P.S. Due to variance the hard fork will likely be on the 21th or 22th of March. A specific block height was determined for the hardfork, not a specific date. The specific blockheight for the hardfork can be found here:

https://github.com/monero-project/bitmonero/blob/master/src/cryptonote_core/blockchain.cpp#L83

Quote
// version 2 starts from block 1009827

P.P.S. As long as you are on any 0.9.x version in advance of the hardfork you are fine.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
dEBRUYNE
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March 20, 2016, 05:41:06 PM
 #15057

Lending rates (to short) up to 0.2% now.

0.5% currently, this could turn out in an epic short squeeze.

EDIT: 1.0%

EDIT2: 2% now, insane.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
newb4now
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March 20, 2016, 05:58:16 PM
 #15058



Aside from the MiniNero and upcoming hardfork news Monero is also doing very well (excellent chance of winning) in this chess game:

https://bitcointalk.org/index.php?topic=1190988.0

Is it true?
dEBRUYNE
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March 20, 2016, 06:02:40 PM
 #15059

Lending rates (to short) up to 0.2% now.

0.5% currently, this could turn out in an epic short squeeze.

EDIT: 1.0%

EDIT2: 2% now, insane.

3-4% now. That wall @ 331k is a huge short.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Arux
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March 20, 2016, 06:09:09 PM
 #15060

this is worth a picture  Wink


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