CTTE
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March 15, 2017, 01:32:17 PM |
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For all of you lending out thousands of Monero especially at really low rates... just think about it for a moment. Right now we have about 190,000 XMR available to short and a good share of them are available at VERY low rates. While Dash on the other hand has only about 17,000 and yes I know some are currently shorting Dash but, even when their price was much lower the numbers were still about 8 or 9 to 1. That makes it extremely easy for anyone with some btc to short Monero at a very low cost and in big numbers and drive that price down.
The MasterNode scheme does one thing effectively and that is remove huge numbers of coins from the market for trading AND for lending, thus raising the cost to short and making it easier to keep a pump going to these really extreme levels.
Please re-examine your lending habits, if we all quit squabbling over the scraps maybe Monero would make some headway as far as price goes.
And yes that include you TC!
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bitwolf
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March 15, 2017, 01:46:22 PM |
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For all of you lending out thousands of Monero especially at really low rates... just think about it for a moment. Right now we have about 190,000 XMR available to short and a good share of them are available at VERY low rates. While Dash on the other hand has only about 17,000 and yes I know some are currently shorting Dash but, even when their price was much lower the numbers were still about 8 or 9 to 1. That makes it extremely easy for anyone with some btc to short Monero at a very low cost and in big numbers and drive that price down.
The MasterNode scheme does one thing effectively and that is remove huge numbers of coins from the market for trading AND for lending, thus raising the cost to short and making it easier to keep a pump going to these really extreme levels.
Please re-examine your lending habits, if we all quit squabbling over the scraps maybe Monero would make some headway as far as price goes.
And yes that include you TC!
Yet, I don't think that the purpose of a currency is to be shorted or longed. It is to be exchanged for goods. The crypto market is in its 99 % used for short/long speculation. This is a big bubble. I feel ok that Monero is currently not part of this bubble(well at least no so much). Everyone can short whatever and whenever he likes but that won't decrease the usability of Monero.
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encryptedcharms
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March 15, 2017, 01:47:35 PM |
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That Dash is about to hit $100 is unprecedented silliness. It is still an instamine scam on a broken scheme - nothing has changed there. And Monero is still actual and true privacy tech. Stay the course and Monero will one day hit $100 too. And when it does you'll know it's actually worth that.
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KeyJockey
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March 15, 2017, 02:49:18 PM |
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Okay guys... I guess I need to weigh-in here on the whole Dash situation "big picture" given that the damn shitcoin seems to be about to break $100.
Un-frikkn'-believeable but... there it is.
So: am I butt-hurt? Yep. Freely admit it. Fact is that I did HODL 50 Dash from over a year ago until just recently (like last October or November I think) when I decided to dump it and 'consolidate' my crypto portfolio around only "what really mattered".
So, yep I've missed out of this pump even though I should not have, given that I WAS holding *some* Dash just as a "hedge" until very recently and stupidly I sold it off JUST BEFORE this run started.
Back in October-ish the 50 Dash I had was worth about 1 bitcoin and now, today, it'd be at 4 bitcoins.
So that's two doublings 1-to-2-to-4 that I missed out on. Opportunity cost of 3 BTC. That would've made it my third-best crypto investment of all time after Monero and MaidSafe overall returns and it would've beaten my overall bitcoin performance (one doubling) by twice.
So, yeah, it sucks and I feel stupid but can't win 'em all I guess... right? LOL. Still ButtHurt.
Anyhoo....
The $64,000 Big Question NOW is... what to do about this situation? Let's look at "reality" as best we can.
Dash is no competition to Monero. We know that.
The Monero/Dash fighting is really over IF we just are thinking about the best fungible (private) crypto. Monero Wins On That, No Question, Game Over, End Of Story.
But taking a step backwards it looks to me like Dash isn't really competing on that point any more. They've ceded that point (mostly) and nowadays they are trying to SELL their shit premine scam coin as being JUST a little BETTER than BITCOIN. It has faster and cheaper transactions, apparently, even IF it does not have better fungibility or anonymity (which is simply also true for bitcoin).
I thought that this recent DashPump would never get to $100 but NOW here it is and it's come RIGHT ON THE HEELS of the latest, biggest, noisiest and messiest battle between BlockstreamCore and Bitcoin Unlimited (yesterday this node bug crashing shitstorm mess).
SO is it really POSSIBLE that this latest Bitcoin Disaster has driven more real money/value into... aaaaah... can't bear to say it... DASH REAL USE??
Or is ALL this really STILL just the most Epic Mother Of All-Time PUMPS by the Dashhole Insiders, trying to desperately make a Hail-Mary Pass and *buy* some expensive *legitimacy* for their scam coin at the last minute *before* the actual real-reality takes over again and consigns it to the dustbin of history? Dashholes may actually KNOW that most likely coinbase is going to adopt Monero soon, for example, and when WE hit $50-$100+ on that fact (soonTM) it may be the end of the road for them.
I'm willing to listen IF any Dashers around here wanna try and convince me using real FACTS/DATA that I've been wrong that it's a scam coin and pump-dump here lately, just on the theory that *maybe* Dash only needs to be a little better in some small way than BITCOIN (not Monero) to justify this crazy price rise.
Really trying hard here NOT to be "emotional" about this kind of investment decision but under the circumstances it's pretty hard LOL
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TrueCryptonaire
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March 15, 2017, 03:51:27 PM |
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For all of you lending out thousands of Monero especially at really low rates... just think about it for a moment. Right now we have about 190,000 XMR available to short and a good share of them are available at VERY low rates. While Dash on the other hand has only about 17,000 and yes I know some are currently shorting Dash but, even when their price was much lower the numbers were still about 8 or 9 to 1. That makes it extremely easy for anyone with some btc to short Monero at a very low cost and in big numbers and drive that price down.
The MasterNode scheme does one thing effectively and that is remove huge numbers of coins from the market for trading AND for lending, thus raising the cost to short and making it easier to keep a pump going to these really extreme levels.
Please re-examine your lending habits, if we all quit squabbling over the scraps maybe Monero would make some headway as far as price goes.
And yes that include you TC!
Usually during the pump it has been easy to lend Moneros. Now it appears that there is no takers for short positions... I guess that can be considered bullish - they just need a trigger to flood into the extensive long positions in Monero. If that happens, it is possible even reach parity with Dark coin (I hope so). There are at least two options I am seeing: 1) All the speculators care is Dark coin and they forget shorting Monero 2) Shorting Monero is considered as a terrible move and that the price of Monero is expected to get its pump.
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kurious
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March 15, 2017, 03:55:13 PM |
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Okay guys... I guess I need to weigh-in here on the whole Dash situation "big picture" given that the damn shitcoin seems to be about to break $100.
Un-frikkn'-believeable but... there it is.
So: am I butt-hurt? Yep. Freely admit it. Fact is that I did HODL 50 Dash from over a year ago until just recently (like last October or November I think) when I decided to dump it and 'consolidate' my crypto portfolio around only "what really mattered".
So, yep I've missed out of this pump even though I should not have, given that I WAS holding *some* Dash just as a "hedge" until very recently and stupidly I sold it off JUST BEFORE this run started.
Back in October-ish the 50 Dash I had was worth about 1 bitcoin and now, today, it'd be at 4 bitcoins.
So that's two doublings 1-to-2-to-4 that I missed out on. Opportunity cost of 3 BTC. That would've made it my third-best crypto investment of all time after Monero and MaidSafe overall returns and it would've beaten my overall bitcoin performance (one doubling) by twice.
So, yeah, it sucks and I feel stupid but can't win 'em all I guess... right? LOL. Still ButtHurt.
Anyhoo....
The $64,000 Big Question NOW is... what to do about this situation? Let's look at "reality" as best we can.
Dash is no competition to Monero. We know that.
The Monero/Dash fighting is really over IF we just are thinking about the best fungible (private) crypto. Monero Wins On That, No Question, Game Over, End Of Story.
But taking a step backwards it looks to me like Dash isn't really competing on that point any more. They've ceded that point (mostly) and nowadays they are trying to SELL their shit premine scam coin as being JUST a little BETTER than BITCOIN. It has faster and cheaper transactions, apparently, even IF it does not have better fungibility or anonymity (which is simply also true for bitcoin).
I thought that this recent DashPump would never get to $100 but NOW here it is and it's come RIGHT ON THE HEELS of the latest, biggest, noisiest and messiest battle between BlockstreamCore and Bitcoin Unlimited (yesterday this node bug crashing shitstorm mess).
SO is it really POSSIBLE that this latest Bitcoin Disaster has driven more real money/value into... aaaaah... can't bear to say it... DASH REAL USE??
Or is ALL this really STILL just the most Epic Mother Of All-Time PUMPS by the Dashhole Insiders, trying to desperately make a Hail-Mary Pass and *buy* some expensive *legitimacy* for their scam coin at the last minute *before* the actual real-reality takes over again and consigns it to the dustbin of history? Dashholes may actually KNOW that most likely coinbase is going to adopt Monero soon, for example, and when WE hit $50-$100+ on that fact (soonTM) it may be the end of the road for them.
I'm willing to listen IF any Dashers around here wanna try and convince me using real FACTS/DATA that I've been wrong that it's a scam coin and pump-dump here lately, just on the theory that *maybe* Dash only needs to be a little better in some small way than BITCOIN (not Monero) to justify this crazy price rise.
Really trying hard here NOT to be "emotional" about this kind of investment decision but under the circumstances it's pretty hard LOL
I agree, they aren't trying to compete with Monero anymore and that being a 'little bit better than BTC' is what they are trying to be. It's not a bad strategy and they seem to have the marketing budget and style reasonably well thought out. And it cannot fail to be noticed, but it's mainly because of this rise in price. However, there is no point in being pissed off about it, as it's a BTC based coin, which we are not. It is technically inferior and essentially centralised and with a corrupt system which allows for exponential marketing spend growth at the same time as an incentive set up to ramp up the price while keeping supply artificially below demand. Its advocates are talking as though it is already spendable anywhere, but of course this is false. Its rise cannot continue exponentially, the law of gravity applies. For now they have come up with the best scam in crypto, though and they won't / can't stop. However, it must end in tears and the code of this coin will now be tested. In every sense. The higher it goes the further it will fall. If it does crash as hard as it should, then it will not be good for crypto. 'Bitcoin copy-coin loses hundreds of millions as hyped ponzi scheme collapses' will be a story the press will love.
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我想要火箭和火车
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Nausicaa
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March 15, 2017, 04:13:42 PM |
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... Dash is no competition to Monero. We know that. ...
Disagree. It is competition, and strong competition at that. It is not as good, on paper, but nevertheless is winning in the marketplace, for now. As they say in sports, “That’s why they play the games.” The question should be “Why?” Or maybe, “How, and can Monero overcome Dash’s lead?” The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price. Fiat money is a scam too. No one cares.
Got it in one. As a "clueless noobie", to quote a relentless troller on the Dash thread, I see that those in the Monero camp have a massive blindspot, about how, despite being less than a pristine and pure coin, Dash is succeeding. On Planet Monero, marketing seems to be a bad word, and user friendliness? Pshaw, too smart to need that! Come on! If that is what it takes to elevate a "flawed" coin like Dash to greatness, then how amazing could a "superior" crypto like Monero be, if that strategy were adopted? Please be dispassionate, and look at it without bias. If Monero is technically better than Dash, and yet Dash outperforms Monero, then what could the difference be? From this clueless noobie's viewpoint, the keys to domination in the Anonymous Coin Game appear to be marketing and user friendliness. And having trollers in the penalty box could be considered a negative factor as well. Despite having better players, Monero is massively behind on points, as Dash is working better as a team, and its strategy is superior. Is it too late for Monero to learn this? The Anonymous Coin Game will only have one winner. Can M come from behind? Will D hang on for the win? Stay tuned! Is Team Monero really better than the Dash team, if it is losing? It looks to me like Monero, is not a complete team. To this “clueless noobie”, it looks like it needs marketing, and user friendliness. It’s like a team with great scorers, fantastic skaters… but no goalie. Edit: no offense intended. I now own Monero, Dash and yes, Bitcoin.
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TrueCryptonaire
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March 15, 2017, 04:22:40 PM Last edit: March 15, 2017, 06:39:11 PM by TrueCryptonaire |
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... Dash is no competition to Monero. We know that. ...
Disagree. It is competition, and strong competition at that. It is not as good, on paper, but nevertheless is winning in the marketplace, for now. As they say in sports, “That’s why they play the games.” The question should be “Why?” Or maybe, “How, and can Monero overcome Dash’s lead?” The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price. Fiat money is a scam too. No one cares.
Got it in one. As a "clueless noobie", to quote a relentless troller on the Dash thread, I see that those in the Monero camp have a massive blindspot, about how, despite being less than a pristine and pure coin, Dash is succeeding. On Planet Monero, marketing seems to be a bad word, and user friendliness? Pshaw, too smart to need that! Come on! If that is what it takes to elevate a "flawed" coin like Dash to greatness, then how amazing could a "superior" crypto like Monero be, if that strategy were adopted? Please be dispassionate, and look at it without bias. If Monero is technically better than Dash, and yet Dash outperforms Monero, then what could the difference be? From this clueless noobie's viewpoint, the keys to domination in the Anonymous Coin Game appear to be marketing and user friendliness. And having trollers in the penalty box could be considered a negative factor as well. Despite having better players, Monero is massively behind on points, as Dash is working better as a team, and its strategy is superior. Is it too late for Monero to learn this? The Anonymous Coin Game will only have one winner. Can M come from behind? Will D hang on for the win? Stay tuned! Is Team Monero really better than the Dash team, if it is losing? It looks to me like Monero, is not a complete team. To this “clueless noobie”, it looks like it needs marketing, and user friendliness. It’s like a team with great scorers, fantastic skaters… but no goalie. Edit: no offense intended. I now own Monero, Dash and yes, Bitcoin. Usually I do not endorse newbies but you nailed it. Dark coin (please use term Dark coin because the name was changed in order to trick money from the people who do not do their research) is direct and the most relevant competitor to Monero, Etherium is not the competition of Monero but Dark coin sure is because they both serve the very same niche. Monero needs now desperatively the things you said - a lot of ongoing marketing hype (not just a couple random vids from a guy in the garage) but consistent pumping and presentations of reasons why people should be adapting Monero like never before. And as you said, user friendliness. Actually the competition is a good thing because it forces Monero to grow marketcapwise and reach such level of professionalism as Dark coin has.
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Kotone
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March 15, 2017, 04:30:12 PM |
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Should i sell my monero right now and then wait for it to be dump to buy and stack in again? What do you think guys im thinking that deep to sell or to stack another coin for the future.
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wajik-tempe
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March 15, 2017, 04:35:51 PM |
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whether Coinbase will receive monero ??
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TrueCryptonaire
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March 15, 2017, 04:37:53 PM |
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Should i sell my monero right now and then wait for it to be dump to buy and stack in again? What do you think guys im thinking that deep to sell or to stack another coin for the future.
Never base your trading on the advice of the trolls who are speaking into their own book. You need to decide yourself what to do and take full responsibility of the outcomes of your decisions.
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KeyJockey
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March 15, 2017, 04:59:40 PM |
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... Dash is no competition to Monero. We know that. ...
Disagree. It is competition, and strong competition at that. It is not as good, on paper, but nevertheless is winning in the marketplace, for now... I should clarify that I meant Dash is "no competition" in any of the markets or use cases where fungibility/privacy actually mattersThat is probably most/best represented as the darknet markets, which is nothing to sneeze at as so-called "System D" economies are abso-frikkin-lutely HUGE. But it's not only DMN's as we-here around this forum well know: FUNGIBILITY MATTERS to just NORMAL PEOPLE too, much more than almost everyone realizes!!! Anyway, the DNM operators who matter have already pretty clearly said they will not ever TOUCH Dash. IMHO this is probably the primary reason why the Dashers finally decided to stop trying to compete with Monero on fungibility/privacy and instead they decided to pivot to this "ease of use" and gov't compliance posture instead.
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kurious
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March 15, 2017, 05:15:29 PM |
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... Dash is no competition to Monero. We know that. ...
Disagree. It is competition, and strong competition at that. It is not as good, on paper, but nevertheless is winning in the marketplace, for now... I should clarify that I meant Dash is "no competition" in any of the markets or use cases where fungibility/privacy actually mattersThat is probably most/best represented as the darknet markets, which is nothing to sneeze at as so-called "System D" economies are abso-frikkin-lutely HUGE. But it's not only DMN's as we-here around this forum well know: FUNGIBILITY MATTERS to just NORMAL PEOPLE too, much more than almost everyone realizes!!! Anyway, the DNM operators who matter have already pretty clearly said they will not ever TOUCH Dash. IMHO this is probably the primary reason why the Dashers finally decided to stop trying to compete with Monero on fungibility/privacy and instead they decided to pivot to this "ease of use" and gov't compliance posture instead. As you said earlier it is Bitcoin they are after. Hubris, yes - but they just popped over $100 and reached about 3 quarters of a billion USD market cap. BTC dominance in market cap now at 78.7% - so (since BTC is not dropping) new money is coming in and it's going into alts. Tempted by 30% a DAY rises perhaps... Go figure. It is NOT sustainable.
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我想要火箭和火车
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kurious
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March 15, 2017, 05:20:33 PM |
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Should i sell my monero right now and then wait for it to be dump to buy and stack in again? What do you think guys im thinking that deep to sell or to stack another coin for the future.
If you think it will dump, do it. You may be right, you may not. You are posting in a relatively Monero-positive thread, so do you expect anyone here to advise you on this? Most people here are long term accumulators
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我想要火箭和火车
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KeyJockey
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March 15, 2017, 06:22:17 PM |
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Oh, by the way guys... I think I know how to stop Dash from rising any more Just now, I just bought ONE DASH COIN using about $100 worth of bitcoin that I was lucky enough to WIN today, totally unexpected fluke. Easy Come, Easy Go... right? Buying stupid Dash at what may be the TOP of this epic bubble run is definitely a "gamble" more extreme than any casino odds LOL And... EVERY... FREAKING... TIME... when I "capitulate" and BUY some coin as it's been running HOT...? ALWAYS ALWAYS ALWAYS it immediately CRASHES So, LOL... y'all can thank me later
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rangedriver
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March 15, 2017, 07:04:53 PM |
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To be honest, I've never really understood why peeps even regard Dash as being some kind of threat to Monero. It really isn't. Dash could quite easily be the biggest scam on the planet, but I don't think that has any real bearing on Monero's existence. I don't hold Dash; never intend to. But tribalism for the sake of tribalism is just a waste of precious energy that could be best directed elsewhere.
At the end of the day, Monero is the most credible privacy-orientated cryptocurrency that exists at the moment, without ties to murky government agencies or profit-orientated foundations. That's the USP, and that's what people are buying, irrespective of the obviously manipulated trajectories of other projects.
That's all that really matters.
As for the Monero price, right now we're currently continuing the cool drive back up to the previous local 0.0169 high. A little turbulence can be expected as we attempt to break through resistance, but you'd be wise to hang tight. Once we've broken through 0.0169, it will be an easy slingshot up to the main ATH, particularly in combination of an uncertain bitcoin and a potential Dash evacuation.
So, basically fasten your seatbelts, grab yourself a Piña colada, stick on some Burt Bacharach, and enjoy the ride.
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LennyCarl
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March 15, 2017, 07:05:56 PM |
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Oh, by the way guys... I think I know how to stop Dash from rising any more Just now, I just bought ONE DASH COIN using about $100 worth of bitcoin that I was lucky enough to WIN today, totally unexpected fluke. Easy Come, Easy Go... right? Buying stupid Dash at what may be the TOP of this epic bubble run is definitely a "gamble" more extreme than any casino odds LOL And... EVERY... FREAKING... TIME... when I "capitulate" and BUY some coin as it's been running HOT...? ALWAYS ALWAYS ALWAYS it immediately CRASHES So, LOL... y'all can thank me later +1 haha That's what I was going to do! So, I'll thank you now lol.
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BitcoinNewsMagazine
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March 15, 2017, 07:17:25 PM |
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Monero is just late to the altcoin party. It think before the alts pump is done even Litecoin may join the party.
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OrangeP
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March 15, 2017, 07:43:59 PM |
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Just sold some Dash . Go Monero
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Hottest Coins: Decred, ZCoin, Waves
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CTTE
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March 15, 2017, 08:05:32 PM |
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Just sold a bunch of Dash... that I don't currently own! I'll buy it back when it drops 50%
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