[XMR] Monero Speculation

[Hueristic]

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In that case the wallet owner could easily have moved smaller amounts with mixing to not be noticed. This was intentional.

It is possible it was an exchange, if so I would like them to affirm that. *cough Polo

RingCT will take care of this.

Really? Nice wanna give a ELIA rundown?

BTW does anyone use b itcointa.lk?

[1714702595]

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[CrowdWhale]

Manipulation isn't buying and selling. I'm not an idiot. It's moving these walls around and trying to push the price around WITHOUT buying and selling, or with excessive pumps/dumps.

[medusa13]

lol of it goes up they scream "natural growth", "organic rise" ...
if it goes down its "manipulation"  or "rigged crypto markets"

those dumps are very natural too, real people selling, for whatever reason

i hope you didnt motivate anyone now to dump it down to 299

[CrowdWhale]

Jesus fuck, people, I know the difference between buying/selling and order book/depth manipulation. I've been doing this shit since you were in middle school. I'm not in any mood for nonsense... most of us know exactly what's going on. The last week it's been nothing but an attempt to break the trend line, despite the obvious buying interest, in order to cause a panic dump. It's ridiculous and it's failing.

[dEBRUYNE]

...
In that case the wallet owner could easily have moved smaller amounts with mixing to not be noticed. This was intentional.

It is possible it was an exchange, if so I would like them to affirm that. *cough Polo

RingCT will take care of this.

Really? Nice wanna give a ELIA rundown?

BTW does anyone use b itcointa.lk?

[1] Read -> http://weuse.cash/2016/01/09/tying-up-loose-ends-with-ringct/

[2] Why would you use that instead? Seems like a possible password grabber.

[Monerobuyer0]

Manipulation isn't buying and selling. I'm not an idiot. It's moving these walls around and trying to push the price around WITHOUT buying and selling, or with excessive pumps/dumps.

Thats literally what crypto is, yeah.  Whales tricking people who look at walls and orderbooks as if they are meaningful and not just an attempt to deceive them/

[GreekBitcoin]

I'll tell you one thing, the market manipulation isn't just turning me off to Monero, it's turning me off to crypto. I've been a supporter of Monero, but if it goes under 300k I'm absolutely going back to forex. Tired of this shit. If people just want to trash markets instead of letting them breathe naturally then don't be surprised when volume dies after a few months of action, just like in 2014.

So there you have it, at 299k I'm back to being a forex trader.

Werent you leaving if it were to hit under 0.0035?

[CrowdWhale]

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

[TrueCryptonaire]

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

[CrowdWhale]

BTW, the first time I didn't say I was "leaving", I said you wouldn't hear from me. That's because I would have been liquidated by 300k. I took care of that issue. This is a whole different message, but probably a futile one. The people who own the walls probably like to hear how they're effecting sentiment. Selling would just play into their hands. I intend to hold for a better price even if I meanwhile stop actively trading crypto.

[inca]

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right? The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

[dEBRUYNE]

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right? The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Fortunately someone is actively working on 1). Regarding 2), I think we have to give this some time, hashrate usually lags behind if price increases. That is, it takes a while before it catches up. In addition, a lot of miners might be mining ETH currently because it is simply more profitable. When either the PoW phase of ETH ends or the price drops substantially such that the profitability of Monero is better, I expect a large increase in hashrate. Regarding 3), for what it's worth, a Bitpay like payment processor for, among others, Monero is in the pipeline.

[wpalczynski]

Jesus fuck, people, I know the difference between buying/selling and order book/depth manipulation. I've been doing this shit since you were in middle school. I'm not in any mood for nonsense... most of us know exactly what's going on. The last week it's been nothing but an attempt to break the trend line, despite the obvious buying interest, in order to cause a panic dump. It's ridiculous and it's failing.

We all make bad trade sometimes, you just have to suck it up.  There have been many times I regretted a position I took, both buy and sell.  Sometime you end up holding the bag, if the fundamentals are sound eventually fortunes reverse.

[GingerAle]

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right? The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

1) working cross platform GUI

funded and being worked on.

2) increased number of nodes and hashing power protecting the chain,

You running a mining node brah? If not, pump the price up some more so more people will mine. Or dump some money into financing some mining setups. I know of at least 1 idle GPU farm in Monero hands.

3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Mysterysnail is coming. In all of its amazing glory. Shen's mininodo / phone wallet with xmr.to built-in is as good as we're gonna get for now without massive marketing and education efforts. Plus, the damn thing is decentralized! You run your own node server at home, and make transactions remotely with your phone. Its bloody brilliant. The impact of this work has gone unnoticed IMO.

[CrowdWhale]

There's no doubt I made a bad trade, but that really isn't the issue. Trying to break the trend line so you can buy at 250k is the issue. I'm just tired of wasting time on TA in markets that move according to the greed of a small number of individuals. So yeah, even if it doesn't go to 299k I'm pretty close to taking my profits while I still have them. Forex was more complicated because of how much has to be considered in the fundamentals, but at least when things happen you can figure out why and the answer isn't "because someone put up a huge buy/sell wall".

[lolikop]

I'll tell you one thing, the market manipulation isn't just turning me off to Monero, it's turning me off to crypto. I've been a supporter of Monero, but if it goes under 300k I'm absolutely going back to forex. Tired of this shit. If people just want to trash markets instead of letting them breathe naturally then don't be surprised when volume dies after a few months of action, just like in 2014.

So there you have it, at 299k I'm back to being a forex trader.

Why not sell now while its at 335 range why wait till 299?  common put ur sell order selllllllll

[inca]

Thanks for the replies GingerAle, Debruyne. Exciting developments on their way. I'll just continue to hold my XMR and see where we end up in a year or two.

[explorer]

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Node count has made a significant increase YTD (primarily due to the database improvement?), while hashing power is relatively unchanged.  I would expect that maintaining a higher price will be necessary to maintain hashing power, let alone increase it in the face of diminishing emission.  Monero just seems severely undervalued yet.  If that doesn't change, well, I don't know.  Something's got to give, one way or another.  I would infinitely prefer the price to go up, driving greater hashing and conspicuity for a nice positive feedback loop... 

[CrowdWhale]

Because there's no real reason for it to go to 299k unless someone dumps hard or manages to force it down. I don't expect them to succeed and I doubt 335k is the best we'll see. If they DO succeed I will simply lose faith in my (or ANYONE'S) ability to predict these markets when individuals hold such large shares of it, and that will cause me to go elsewhere.

[Emperor of Man]

Please come down a little my dear Monero! I wanna buy some of you.