explorer
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Activity: 2016
Merit: 1259
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June 07, 2017, 04:53:56 AM |
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I memeber that day when XMR hit 0.025 there was more than 150k XMR available on lending market (just few weeks ago). Then next day, just a minute after the big dump deep below 0.02 I've checked again and there was around 100k XMR missing from there (around 60k XMR only). Now I would actually like to see more coins on lending market because it adds up to XMR liquidity, but current shortage (only 35k atm) probably comes from the lack of confidence in holding too many coins on Poloniex cos they had to many issues over past few months. Right now there are 44k traders online, back in 2016 there was below 10k users online, now if you let 100 people jump in the bus made for 50 people - you get a broken bus full of pissed off people That's whats happening to Poloniex right now, and could be the main reason for lack in liquidity and increased volatility in all markets there, not only XMR. Example: 0.0015% 18745.91379309 2-14 Days That is the reason there are not more XMR for rent on Poloniex. Ludicrous.
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cryptimus prime
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June 07, 2017, 05:46:52 AM |
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So, why the sudden pump now? A reaction to the announcement that the Polo wallets would be back up?
I saw on reddit some announcement about more DNM's integrating XMR, but IDK if it's the reason or not... Do you have a link? Big marketing for XMR: Lauren Southern singles out XMR, BTC and ETH when describing crypto to 257,000 subscribers https://www.youtube.com/watch?v=G1JtJLRuqgo#t=5m28s
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antw081
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Activity: 55
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June 07, 2017, 08:36:04 AM |
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Monero probably isn't going to be added to Coinbase anytime soon.
I was listening to a talk from Charlie Lee (who works at Coinbase). He was talking about LTC and the potential of getting it added to Coinbase. Anyway, he mentioned that LTC volume on GDAX (exchange owned by Coinbase) has to be consistently high enough before Coinbase would consider adding LTC.
Monero isn't even listed on GDAX. That will probably have to be the first step.
Why does Coinbase only list coins that have high volume on GDAX? Cause they don't want to rely on / go to a 3rd party exchange to source their coins.
Not sure what you are talking about. Litecoin is on Coinbase as well as GDAX. Maybe it was added to GDAX first, but it doesn't really matter. If you create a Coinbase account, you automatically have a GDAX account with same banking info for funding. Only difference is GDAX operates more like a Poloniex type exchange - you place bids and asks, while Coinbase gives you a simpler interface / flat rate based on total being sold or bought. And Coinbase has higher fees. So maybe they listed it on GDAX first until they had enough volume to be able to manage the Coinbase flat rate. But, regardless, listing on GDAX would be incredible news and open an easy dollar purchase option for all Coinbase / GDAX clients. Still, I'm skeptical of it happening anytime soon, given their IRS litigation. Hmm... I guess I was not very good at making my point. I failed to mention that the interview with Charlie Lee was conducted just prior to LTC being added to Coinbase (it was already listed on GDAX at the time). There was a lot of speculation at the time of that interview around whether or not LTC was going to be added to Coinbase. And Charlie Lee (Coinbase employee and LTC creator) was telling the interviewer essentially what he thought needed to happen before Coinbase would consider adding LTC - mainly they wanted to see good consistent high trading volume on GDAX. I was simply trying to make the point (probably poorly) that if those are / were the conditions that got LTC listed on Coinbase (according to Charlie Lee). Then Monero will likely need to do the same. Which is get listed on GDAX first, and have good consistent high trade volume on GDAX. Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now
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ActiveP
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June 07, 2017, 09:06:29 AM |
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I'm mildly partial to xmr - held a decent amount for a long time; sold some, but not all, in february. What annoys me a bit are some of the coin's supporters - then again, that's hardly different from btc - and what appears to be a rather glacial pace of development - which, on second thought, isn't that different from btc either.
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Quicken
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June 07, 2017, 09:15:49 AM |
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Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now Likewise (apart from the Aeon). Real Mustangs don't day trade. I have made sales in 2016 and 2017, but the bag is still pretty heavy. Latest sale (first in a year) went through in the last 36 hours at my target price point of 52 USD. What a day - Drank Champagne last night in celebration and I'm still smiling. That's me done for a while. Next tentative sale point - 150 USD. Q
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vaccin
Newbie
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Activity: 43
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June 07, 2017, 09:43:01 AM |
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I'm relatively new but same as you, I exclusively hold and slowly mine xmr since last year, but the more I read the more I feel the need to diversify a bit. I'm thinking 25% out from the cold and getting some btc, a little eth (just in case the "scam" continues) and some play money into medium cap alts left on an exchange for day trading and getting the hang of it. It's been itching for a week now...
It's not about weak hands, or that my belief has diminished, but it itches.
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bitstomake
Member
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Activity: 111
Merit: 10
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June 07, 2017, 09:43:58 AM |
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Can someone please explain to me what happened with fluffypony? What is this terrible thing he is supposed to have done recently?
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nasibakar
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June 07, 2017, 09:45:04 AM |
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Monero is rising and to be honest,... I am surprised. It is very fast and I dont think it will stop soon. It seems that there is still a room to rise more
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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June 07, 2017, 09:51:32 AM |
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Bitcoin dipped a bit, I'm guessing that was our surge.
If it could pull back a bit more will we see the inflow?
I hope so.
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novag
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June 07, 2017, 10:01:32 AM |
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I believe that Monero's great power is in slow constant growth.
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS
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sp_skeptic
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Activity: 110
Merit: 14
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June 07, 2017, 10:40:17 AM |
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Poloniex withdrawals are working again. Now it will take a lot longer to get my XMR out. Oh well, one could have worse problems.
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Shiroslullaby
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June 07, 2017, 12:43:33 PM |
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Can someone please explain to me what happened with fluffypony? What is this terrible thing he is supposed to have done recently?
Said there would be a big announcement. People started buying and price went up. Announcement was basically "there is no announcement. Stop basing your trades on shit people say on Twitter, we only care about writing good code." People dumped their coins, lost money and got pissed because they expected to get rich overnight. I was happy because I bought some extra coins on the dip.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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June 07, 2017, 01:21:58 PM |
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What annoys me a bit are some of the coin's supporters
Bother with who thinks Monero is useful or not is a bit stupid. So if Donald Trump used USD and he annoys me I should stop using USD? What are you on man?
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CTTE
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June 07, 2017, 02:16:01 PM |
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This Just in from Poloniex!!!!
"To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support. Posted by OldManKidd at 2017-06-07 06:10:17"
Good for them!
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JGoRed
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June 07, 2017, 02:26:11 PM |
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"To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support. Posted by OldManKidd at 2017-06-07 06:10:17"
Oh wow, I really didn’t see that coming. Perhaps now they will be able to answer support sooner than a month after you contact them. On a note completely unrelated to the quote above it looks as if Monero is up to 54$ and rising. Perhaps we’ll hit 65-70$ this time?
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KeyJockey
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June 07, 2017, 03:08:20 PM |
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As noted previously I'm not a day-trader (aka gambler, except for blackjack when I can find a game with a deck cut deep enough to make card counting worth the effort... but I digress LOL) and for the most part I'm strictly just a HODL'er (Aminorex's point re: giving up attempts to TIME the market, word, +1000)
So take my observations here for what they're worth (probably little) but -- it seems to me that XMR has *yet again* done one of these "dollar-based rachet-up by TEN BUCKS" moves... hasn't it?
This has happened now multiple times, from like $10-ish where we were stuck around seven bucks for-frikkin-ever...
then went to $20... sat awhile and we got used to twenty... then to the mid-$30's...
then FluffyGate happened and we went 40-60 but then fall back to stable around $35-$45...
settled down around $45 and boring again for a little while...
and NOW from "steady forty" yesterday we do a big bounce (for no known reason?) to high 50's briefly touching $60 and...
NOW? Seems to be settling down for a while in middle $50-bucks range.
Don't get me wrong, I'm not complaining ("This Is Fine" LOL) but isn't this just... weird?
Why do you guys think XMR seem to be just racheting-up, based on only ten-buck dollar value and not really correlated anymore with bitcoin or anything going on with crypto in general, or even not really with XMR's own progress in general? Just seems ODD to me...
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- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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bitstomake
Member
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Activity: 111
Merit: 10
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June 07, 2017, 03:20:29 PM |
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Can someone please explain to me what happened with fluffypony? What is this terrible thing he is supposed to have done recently?
Said there would be a big announcement. People started buying and price went up. Announcement was basically "there is no announcement. Stop basing your trades on shit people say on Twitter, we only care about writing good code." People dumped their coins, lost money and got pissed because they expected to get rich overnight. I was happy because I bought some extra coins on the dip. That is genius! Makes me love Monero even more! And a totally valid lesson to teach! lol
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neilol-real
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June 07, 2017, 04:14:12 PM |
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Has there been a noticeable uptick in Newbie/Junior member posts with positive XMR sentiment in the past 24 hours around the forum and thread or is it just me? Get out the tinfoil hats:
The cynical (and simultaneously optimistic) side of me identifies how a well organized market manipulation group potentially operates.
Accumulation phase - Last few weeks: Fluffly "fake news" (probably coincidence, don't think he would have anything to do with this) Polo freeze Paid accounts to shill Dash, Byte, ZEC etc. Pump anon competitors
Price Appreciation - NOW: Short anon competitors currently orbiting moon Fluffly "apology" (again, probably coincidence) Polo thaw Paid accounts to shill XMR / expose technical flaws in anon competitors
Am I missing anything? Hell of a trade..
I don't really subscribe to this being true, but interesting speculation to me!
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infofront
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Activity: 2632
Merit: 2790
Shitcoin Minimalist
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June 07, 2017, 04:36:15 PM |
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Has there been a noticeable uptick in Newbie/Junior member posts with positive XMR sentiment in the past 24 hours around the forum and thread or is it just me? Get out the tinfoil hats:
The cynical (and simultaneously optimistic) side of me identifies how a well organized market manipulation group potentially operates.
Accumulation phase - Last few weeks: Fluffly "fake news" (probably coincidence, don't think he would have anything to do with this) Polo freeze Paid accounts to shill Dash, Byte, ZEC etc. Pump anon competitors
Price Appreciation - NOW: Short anon competitors currently orbiting moon Fluffly "apology" (again, probably coincidence) Polo thaw Paid accounts to shill XMR / expose technical flaws in anon competitors
Am I missing anything? Hell of a trade..
I don't really subscribe to this being true, but interesting speculation to me!
It very well could all be part of an organized effort. A few things are pretty clear to me: - There are large whales/whale groups who manipulate the markets to their advantage.
- They have a lot of financial resources at their disposal. Likely tens of millions of USD.
- Running an organized operation with PR teams, paid shills, etc. is just part of doing business.
- There are millions (billions?) of dollars to be made on cryptocurrency manipulation. So the incentive is there.
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