[XMR] Monero Speculation

[KeyJockey]

Heh

Madness in all directions

Poloniex crashing all day yesterday

Different ALTS going crazy

...and Monero still right there about $20 

[Peanutbutterpolka]

Is mymonero site working for you guys? It's hung up on a transaction now for a few hours, what gives?

It seemed a little iffy yesterday as well.


How long do these hang ups normally last? I can't send anything else right now either. My account is in essence frozen as it says unconfirmed for a few hours now. I can't even make any other transactions. 

[Billy Bunter]

Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first  but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?

Coinbase have said that their long-term goal is to add multiple coins so it's not necessarily a case of either/or.

That said, given what Lee has said about Dash, I just can't imagine how Coinbase could offer it without undermining their credibility. If their Director of Engineering believes that Dash is a scam, how could they possibly then defend it to their customers? Either it is a scam - in which case they shouldn't be offering it - or their Director of Engineering is not to be trusted, in which case he shouldn't be their D of E anymore. They can't have it both ways.

There is also the possibility that it might be another coin(s) entirely. Litecoin, for example. Or Decred, or even the Basic Attention Token (both of which have had positive recognition by Armstrong and Lee).

My money is still on Monero. Fingers crossed.

[rangedriver]

Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first  but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?

I'd be very surprised if they added DASH given Charlie's opinion on it.

Much more likely would be Monero with Decred, and/or Litecoin depending on volume.

[KeyJockey]

Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?

and...

Guys, as a lot of the Dash people seem to sincerely believe that coinbase is gonna add them first  but I think around here we-all pretty much believe (more likely based on what Armstrong, Lee, etc have actually *said* lately, not to mention their actual POLL results) that it's going to be MONERO next up on their platform as the #3 crypto coin gonna be made available to the mass market... it's occurred to me today that maybe something ELSE may be in the works rather than just us or them being disappointed when this news finally comes.

Seems to me that IF maybe coinbase doesn't want to be seen as 'playing favorites' or engaging in any action that could be construed as 'manipulating the markets' maybe if they're seriously gonna add either Dash or XMR next, it might be that they kinda have to ADD BOTH OF THEM TOGETHER AT THE SAME TIME??

Picking one or the other right now, especially in light of recent events, has many pro/con aspects to either decision and seems to me there's no clear correct choice other than don't do either of them OR -- better -- just do 'em both at once!!

So, is that crazy thinking or does anyone else here see maybe this might be how it'd have to play out...?

WTF is there an echo in here?  LOL

[Peanutbutterpolka]

Is mymonero site working for you guys? It's hung up on a transaction now for a few hours, what gives?

It seemed a little iffy yesterday as well.


How long do these hang ups normally last? I can't send anything else right now either. My account is in essence frozen as it says unconfirmed for a few hours now. I can't even make any other transactions. 

Do transactions time out on mymonero? What is the normal wait when something is hung up?

[c789]

Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). They added ETH which doesn't honor contracts. So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.

[rangedriver]

Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.

But is it in demand though? I think not.

Sure, Dash recently enjoyed a peculiar pump. But the community stats and overall community industry is still far below par. The only people waving Dash's flag are those employed to do so. It doesn't have any other credibility to the extent that people would genuinely be passionate about it.

For example, why didn't Dash manage to get a logo on /r/place, where Monero, Bitcoin and Ethereum succeeded?

The answer is because no-one was employed to make it.

[c789]

Yes, Monero is technologically superior to Dash and Charlie doesn't like Dash. Still, my guess is that XMR and Dash will both be added to Coinbase because there are people at Coinbase who outrank Charlie and their responsibility is to make money for the company (which I'm not opposed to). So, if there's money to be made on an in-demand coin, it will be added, even if the tech is sub-par. I'd like to be wrong on this though.

But is it in demand though? I think not.

Sure, Dash recently enjoyed a peculiar pump. But the community stats and overall community industry is still far below par. The only people waving Dash's flag are those employed to do so. It doesn't have any other credibility to the extent that people would genuinely be passionate about it.

For example, why didn't Dash manage to get a logo on /r/place, where Monero, Bitcoin and Ethereum succeeded?

The answer is because no-one was employed to make it.

All good points. I'm thinking in terms of profit per transaction, which is how Coinbase would make their money. Currently on Polo, Dash is #3 in terms of volume, and on coinmarketcap it's #4 with a 24-hour volume of $46,019,300. Granted, that is far below BTC and ETH, but it still would look attractive to a company which makes money on a per-transaction basis. Just to be clear: I think Dash is immoral with its instamine and is either a pyramid scheme or very close to it...but people buy junk every day.

[kurious]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

[LennyCarl]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

[ArticMine]

...

BTC lending rates dropped by half (<0.12%) so more margin longs?

One can borrow DASH at a lending rate of approximately one third of that for XBT. Cryptocurrency on margin is a an extremely high risk business and not for the faint of heart.

[kurious]

...

BTC lending rates dropped by half (<0.12%) so more margin longs?

One can borrow DASH at a lending rate of approximately one third of that for XBT. Cryptocurrency on margin is a an extremely high risk business and not for the faint of heart.

Yes, but the lending rates do tell a story...

EDIT: Monero rate holding its own - $21 suggests strength against a rising BTC.   This is pent up demand.  If BTC drops (and I think it will) we are well set.

EDIT 2: XRP down 35%, Dash is 'over', ETH down 10%... Monero: holding well.  I am becoming quietly confident the smart money is coming home.

[chilly2k]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

You can't really judge by the rates.  You need to keep track of available from point a to point b.  The rates can fluctuate based on loans closing and people trying to get the first available rate.  Some don't seem to mind losing 50% on the percentage, as long as their loan offer is always filled. 

So if the rates dropped the available should have increased and that would mean less margin longs.  Bearish.... 

[FOMOFish]

Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.

[smooth]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.

[kurious]

Top of pennant on xmr. Could be a nice reshort. I have  begun scaling more shorts with a sl at 0.0185, with green pl from my 193 short.

Depends on what you think of BTC.  It's the big factor in alt prices.  Normally XMR goes down on BTC rises, this time XMR has not lost $ value.

Good luck, but be careful, eh?   I am not sure you will make on shorting XMR right now

[kurious]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.

And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over.  I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there...

[smooth]

In other news...

BTC at 1135 and Honeypony is rising like it doesn't give a shit.

Back in the mid .018s as I type with a good green candles showing (against BTC) and nudging up towards $21 in USD terms.

Something afoot? 

Keep an eye, this is not a move I expected with BTC so bullish.

BTC lending rates dropped by half (<0.12%) so more margin longs?

A big factor affecting rates is the possibility of a fork. If you have your coins lent out you won't get the second coin. Looking at BCU on bitfinex, it is down from 200 to 150, so a significant drop in the expected value of the second coin.

And more than that - the risk of a fork does NOT mean 'moon' for BTC. The risk is not over.  I would not borrow BTC right now, IMHO this is not a sustainable price with the risks out there...

Sure, but you can be more willing to lend if you are holding BTC and either think the second coin won't happen or will quickly become worthless (or just very low value). The current rates of about 0.1% per day is still a quite profitable return for BTC longs. 1/2-1% per week or so.

[dEBRUYNE]

Is mymonero site working for you guys? It's hung up on a transaction now for a few hours, what gives?

It seemed a little iffy yesterday as well.


How long do these hang ups normally last? I can't send anything else right now either. My account is in essence frozen as it says unconfirmed for a few hours now. I can't even make any other transactions. 

Do transactions time out on mymonero? What is the normal wait when something is hung up?

Probably best to contact their support (support@mymonero.com).