smooth (OP)
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April 17, 2016, 03:14:47 AM |
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Didn't you say any topic title with a question mark means NO?  Reading thread now. That's a fair conclusion here  There are some potential future issues but it is hardly REKT, for now at least. In terms of quantum-resistance we have bigger problems to worry about (and so does Zcash) This is a non-issue as the PoW can be forked easily. That's true, as long as you have sufficient advance warning. |
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explorer
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April 17, 2016, 04:46:12 AM |
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Holy green shoots! 50K market buy.  |
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TrueCryptonaire
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April 17, 2016, 06:29:41 AM |
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Holy green shoots! 50K market buy. Accumulation has started?  |
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inca
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April 17, 2016, 07:16:41 AM |
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Holy green shoots! 50K market buy. But but but I was told 0.001! |
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explorer
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April 17, 2016, 07:28:37 AM |
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Holy green shoots! 50K market buy. Accumulation has started? Short closing, most likely. Look at available loans |
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TrueCryptonaire
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April 17, 2016, 07:41:27 AM |
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Holy green shoots! 50K market buy. Accumulation has started? Short closing, most likely. Look at available loans Assuming this was a short coverage, I wonder who acts that violently? By giving markets for the sellers the short covering would have resulted with higher profits. Slower but steady will always result with higher amounts of profits rather than quick and sudden. |
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explorer
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April 17, 2016, 07:44:44 AM |
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Holy green shoots! 50K market buy. Accumulation has started? Short closing, most likely. Look at available loans Assuming this was a short coverage, I wonder who acts that violently? By giving markets for the sellers the short covering would have resulted with higher profits. Slower but steady will always result with higher amounts of profits rather than quick and sudden. But what about the fun factor? Made me smile. I'm sure who ever pushed the button got a kick out of it too, or it probably would have been done as you say. |
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Dotto
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No maps for these territories
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April 17, 2016, 10:20:45 AM |
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Who covers first, covers better. If Im not mistaken there is a pile of 2-3 shorters identified that have to cover something like 10k, 20k and 30k. We could see a short term minirally. OTOH theres a lot of people loaning BTC to going long in whatever coins. Rates spiking from .003x to .005x while I type this. Total marketcaps from 7.9 Billions to 8.2 now. A wave of bizzare and unexpected movements is brewing
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TrueCryptonaire
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April 17, 2016, 12:38:30 PM |
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
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DaveyJones
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April 17, 2016, 01:39:50 PM |
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
So the only reason that monero got dumped was the big opening of shorts .... so bullish? Don´t get me wrong but without that overused shorting ( profit takers that dont care for what they short ) we would still be better and in the bull trend. |
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TrueCryptonaire
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April 17, 2016, 01:43:15 PM |
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It is easy to solve the problem: quit lending.
If everybody quits lending the rates skyrockets and the shorts can not be open for long time.
The shorts need to be covered with interest payments that are accuring every minute the shorts are open.
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DaveyJones
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April 17, 2016, 01:54:06 PM |
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It is easy to solve the problem: quit lending.
If everybody quits lending the rates skyrockets and the shorts can not be open for long time.
The shorts need to be covered with interest payments that are accuring every minute the shorts are open.
so why dont you start? thought are one of the biggest self acclaimed lenders? But i guess we agree with that low interest monero is just asking to be shorted |
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dEBRUYNE
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April 17, 2016, 02:20:03 PM |
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
Bottoms are usually found by shorts closing. |
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TrueCryptonaire
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April 17, 2016, 02:49:41 PM |
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It is easy to solve the problem: quit lending.
If everybody quits lending the rates skyrockets and the shorts can not be open for long time.
The shorts need to be covered with interest payments that are accuring every minute the shorts are open.
so why dont you start? thought are one of the biggest self acclaimed lenders? But i guess we agree with that low interest monero is just asking to be shorted Indeed I am a lender but since I am not aware of the size of my collegues' positions in lending markets I am not confident that I am one one of the biggest lender. I am not even holding all-in my Moneros in lending markets just like I am not all in Monero in general. |
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TrueCryptonaire
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April 17, 2016, 02:51:11 PM |
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
Bottoms are usually found by shorts closing. Yup. Might be the beginning point of new bullish leg. Time will tell. |
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Capitascism
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April 17, 2016, 06:21:36 PM |
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So you trying to tell me that this is good time for investing again. I'm thinking about this to be honest, but i will wait another deep at 200k. This could be floor i believe this won't go under, too many supporters!
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*************************Too many scams beware******************************************
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dEBRUYNE
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April 17, 2016, 06:29:11 PM |
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So you trying to tell me that this is good time for investing again. I'm thinking about this to be honest, but i will wait another deep at 200k. This could be floor i believe this won't go under, too many supporters!
Don't take investment advice from random people on the internet. I'd advise to thorougly research everything yourself first, including optimal buy zones. |
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TrueCryptonaire
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April 17, 2016, 06:55:50 PM |
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I agree one need to take the responsibility to their purchases.
That being said, personally I think it is better to buy coins at different times, the price differs but the average price is relatively good then as opposed to the strategy to invest a big chunk of btc at one shot and then pray your timing was good.
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volyova
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April 17, 2016, 07:14:02 PM |
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Stupid botnet coin will never be worth anything. You need to change algorithm. Nobody serious is going to invest in a network secured by criminals..LOL
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birr
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April 17, 2016, 07:16:45 PM |
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I agree one need to take the responsibility to their purchases.
That being said, personally I think it is better to buy coins at different times, the price differs but the average price is relatively good then as opposed to the strategy to invest a big chunk of btc at one shot and then pray your timing was good.
Experience plays a part, too. If you've been in the market for a few years you can see a bottom. I've been playing the market for three years. The summer bottom in bitcoin was apparent. I bought, and though I made some subsequent trades that were maybe a little ill advised, I'm still well ahead. Similar experience with Monero. I've learned that about myself: fairly good at seeing buying opportunities, not so good at knowing what to do thereafter. Moral of the story: it's not just the market you have to learn about; you must also know yourself. If you are inexperienced, dollar cost averaging is kind of a default strategy. |
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