KeyJockey
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March 16, 2017, 03:12:02 AM Last edit: March 16, 2017, 04:04:25 AM by KeyJockey |
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Aaaand we broke $20, and new BTC local high of 0.0164.
Aaaand whoops, there's $21+ ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) and BTC 0.017 That was quick LOL ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs28.postimg.org%2Fnrt76if7x%2FXMR_21.png&t=665&c=3pZ7dBNbAPBdJA) {Edit} P.S. Aaaand whoops, again... nope, that's $22+ ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) and BTC 0.018 That was quicker LOL This is fun but I gotta stop watching the charts and go to bed... LOL Hopefully we will be over 0.020 when I wake up? Fingers crossed...
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- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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sui_generis
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March 16, 2017, 03:31:05 AM |
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Is it happening? I think it might be happening.
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CTTE
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March 16, 2017, 03:56:05 AM Last edit: March 16, 2017, 04:19:31 AM by CTTE |
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Monero is going Parabolic! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Edit: Well, that was short lived, at least for now.
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explorer
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March 16, 2017, 04:17:47 AM |
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$31 Canadian. wow.
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DaveyJones
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March 16, 2017, 04:52:58 AM |
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$31 Canadian. wow.
could we please slow down FFS... this will only lead to worse things.
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cryptimus prime
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March 16, 2017, 05:15:36 AM |
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I hope some XMR hodlers have realized how much each Monero can be worth. I read stories about guys who sold around 12 or 13 USD and now regret. Sorry but the XMR is now in better hands.
DASH (although a bad joke as a project) and ETH have right now opened a new dimension in thinking about so called "alt-coins". Why should ETH or XMR be just worth 7 or 14 USD? Why not 40 or 50 USD, while BTC is marching towards 2k USD and more.
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Hueristic
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Doomed to see the future and unable to prevent it
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March 16, 2017, 05:39:22 AM |
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I'm such an idiot. I bought into this suckers rally. Is it going back to $12 or is this part of a bigger movement?
Wish there was more price speculation and less discussion of 0s/2 warp
Buy a little. If it goes up, buy a little more. If it goes down, buy a little more. If it goes down a lot, buy a lot Feeling better? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Hah he couldn't last a week without wetting himself let alone a month!
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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iCEBREAKER
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Crypto is the separation of Power and State.
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March 16, 2017, 07:12:30 AM |
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the purpose of this Epic Pump is intended to "buy legitimacy" for the Dash coin project AT EVEN A VERY EXPENSIVE MARKET MANIPULATION PRICE just because a go-for-broke Hail Mary Pass *will* be necessary if it's going to survive? In other words: 1. The Master Dashers use up all their firepower ammo in this epic mother of all pumps JUST TO GET their coin UP in market cap rating to #3 2. The TIMING of this just when Bitcoin is going thru the worst point of its scaling political problems is "interesting" to say the least 3. Achieving #3 Market Cap Position, Dash gains very valuable media attention and Internet "chatter" - "success breeds success!" in theory 4. This apparent "victory" of DASH as "King of Alts" as "Bitcoin 2.0" then leads to (they hope?) actual MERCHANT ADOPTION... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 5. Merchant adoption provides users someplace to actually spend their Dash at faster and cheaper transactions than FAILING BITCOIN can do!! 6. Virtuous-Cycle of #3 to #4 to #5 continues a while (they hope?) 7. Finally... number #6 goes on long enough to take on its own life BEFORE THE PUMPERS run out of FUEL and the whole efforts crashes and burns...? Is it really just a Poloniex-based, simple P&D operation as seen before, but just THIS TIME on a larger scale than's ever been attempted previously?? The Dash scam won't even come close to touching Pirate's record for BTC lost in a HYIP P&D. All that you say is true, and more. Take what you wrote and magnify it by the effort Roger Ver is putting into making Bitcoin look bad via shitcoin jesusing. He's pumping Dash because he needs it to take as much of the oxygen out of Bitcoin's room as possible. Pumping Dash feeds Ver's false narrative about 'zomg Bitcoin is loosing precious retail coffee transactions!!121!.' ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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Biro Bob
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March 16, 2017, 07:37:15 AM |
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Is anyone else a little scared by the speed of this rise?
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kurious
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March 16, 2017, 07:53:15 AM |
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Is anyone else a little scared by the speed of this rise?
No, it's been on the cards for a while. Every rise was supressed, but with Dash peaking it was inevitable some money would come back into XMR, as long as BTC stayed flat-ish. Enjoy.... EDIT: That is not to say Alts aren't in a bubble, of course - but XMR is not doubling in value every week.
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我想要火箭和火车
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CryptoPH
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<3 Crypto
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March 16, 2017, 08:03:33 AM |
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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!
There is more to this, but is is fair to say that low XMR interest rates may be in part at least fuelling the Dash bubble. I am going to start with the changes in the Dash masternode network. http://178.254.23.111/~pub/Dash/Dash_Info.html What is very significant is the drop in the number of masternodes ~500 masternodes or 500,000 Dash just before the start of the Dash price rise. Now quizzie made the argument that these masternodes were kicked off the Dash network due to a software upgrade. That was fair enough at the time but the reality is that these masternodes have for the most part not returned to the Dash masternode network. So I am forced to look again at my original argument leveraged longs. At the time I'm posting this Dash is @ 45.35$. Anybody know if this is organic or if this is just a bubble? Dash has been in an uptrend for a couple of months now, resulting in a dramatic price break-out. Time will tell if this is indeed a bubble that could burst at any time or if it is due to an organic rise. Personally though i think Dash deserves that third rank on coinmarketcap as it kept developing its cryptocurrency from the moment it was launched till this very day. Dash Evolution is also progressing nicely with an Alpha release scheduled for mid summer 2017. This will bring Dash massive scalability and a distinct focus on the ease of usability. Link : https://www.dash.org/evolution/Maybe some large whales are taking positions in Dash right now because of that, or maybe there is a stronger tendency to diversify into promising altcoins ? Who knows.... ... or a large leveraged Dash long position. Ever wondered why 500 Dash masternodes were removed from the Dash masternode network on February 26, 2017 just before the breakout? http://178.254.23.111/~pub/Dash/Dash_Info.html My interest in this by the way is the coin that is a likely candidate for the corresponding short position. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Edit 1: Just a theory. https://bitcointalk.org/index.php?topic=753252.msg18068376#msg18068376Edit 2: By the way Dash does deserve congratulations on Bronze Those 500 Dash masternodes were actually kicked from the netwerk as a spork got activated that day that ruled that only 0.12.1 masternodes were allowed on the netwerk. Its part of Dash controlled hard fork into update 0.12.1 First the spork activation can make a good cover for someone planning such a leveraged long with minimal impact on the market. One still has to ask the question where did the 500,000 Dash go. The price moved up sharply so it was not dumped, furthermore there is very little Dash available for lending. This leaves collateral for a leveraged longs as a reasonable plausible alternative. Such positions have up to now being very profitable. So how does one set up a Dash leveraged long position on Poloniex for example?. One deposits Dash into Poloniex and then borrows another coin to sell short for more Dash. It is here where Monero comes in. The combination of very low Monero interest rates, a very large availability of Monero for lending, a highly liquid Monero market, together with a bearish bias until the beginning of March made Monero a very attractive candidate for the short side of the long Dash position. Furthermore as long a Dash rises at a faster rate than Monero the Dash / Monero spread is fine and in fact the rising Monero price may serve to further fuel the Dash bubble. The key market to watch here is DASH/XMR https://poloniex.com/exchange#xmr_dash Dash is currently trading for ~5 XMR this is below the ~7.8 XMR in August of 2016 for example. So the Dash bubble may still have some legs. The net result of all of this is that the Dash bubble may be fuelled in part by low Monero interest rates, and the development of sizable Long Dash / Short Monero positions. Like any bubble the current Dash bubble will eventually crash and the pigs will go to the slaughterhouse. The impact on the broader Monero markets would be: A rising default risk of Monero loans collateralized by Dash and a significant overall Monero short squeeze. Should this occur those who have taken delivery of their XMR should be in the strongest position to profit from the resulting blood on the streets. THIS! Spot on analysis. So this is probably the reason why in the previous year(s), when Dash price goes up, Monero price goes up after after a month or so. I hate to think it this way, but if you plot Leader-Laggard in technical analysis, does this means Dash is leading Monero, of course, referring to price only?
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Arvydas77
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March 16, 2017, 10:27:39 AM |
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Very huge volatility to make 1 BTC in one 30 min trade. That is crazy but I like it. However my XMR are locked in my wallet and I'm not willing to play any games with my cold balance.
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TrueCryptonaire
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March 16, 2017, 10:41:44 AM |
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Is anyone else a little scared by the speed of this rise?
After seeing Dark coin rising from sub Monero levels to 100 usd each I do not care even rises like these... I guess Dark coin set the new golden standard to Monero... ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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NeuroticFish
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Looking for campaign manager? Contact icopress!
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March 16, 2017, 10:46:01 AM |
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Very huge volatility to make 1 BTC in one 30 min trade. That is crazy but I like it. However my XMR are locked in my wallet and I'm not willing to play any games with my cold balance.
I second that. XMR is the base of my "retirement fund". While I'd like to play a little, while I feel that I could earn easily quite some bucks, ... no. I can risk to lose more on the long run. It's a wonderful feeling to see this rise and I really hope it won't "correct" too much, too soon...
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dEBRUYNE
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March 16, 2017, 12:02:21 PM |
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kurious
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March 16, 2017, 12:24:49 PM |
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What is the donation address - couldn't see it on a quick look.
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我想要火箭和火车
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kurious
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March 16, 2017, 12:36:06 PM |
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$21.70 a coin and over $300mn market cap as I type. Not a bad day ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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我想要火箭和火车
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bitwolf
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March 16, 2017, 12:44:05 PM |
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It is not true! Dash was not instamined by only one person, but by 2 persons - Evan Duffield and his gay bro.
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CTTE
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March 16, 2017, 01:26:44 PM |
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It is not true! Dash was not instamined by only one person, but by 2 persons - Evan Duffield and his gay bro. What the article said was that Evan colluded with the devs and possibly others on the instamine. It was stated that as few as 5 people could have done all the mining at the startup of the coin and the devs were promised a "for profit" endeavor prior to being hired.
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