[XMR] Monero Speculation

[Globb0]

...
Tether always was a scammy shit, take a look in https://tether.to/legal/

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.”

...

EDIT#2. Nice article --> http://www.trustnodes.com/2017/11/17/tether-bitfinex-new-mt-gox

Yeah, I never understood why people trusted it in the first place, it's just a very large hot potato game. People just gambling that they will not be holding when the music stops. Lol

That sounds like so many other projects I have seen round here over the years.

[garytheasshole]

Anyway, if people start to panic and lose trust in tether, wouldn't that mean higher bitcoin/altcoin prices? Surely they'll either be buying crypto to get rid of them or trade them for actual cash possibly bellow $1?

[Febo]

Speculation:  Bitcoin crashes when futures go live.  The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down. 

What's the reasoning behind the idea that BTC futures will go down? I get the rest of it.

You can sell futures without borrowing BTC.  If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot.  If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full.  Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades.

Futures markets often end up being far bigger and more important than the actual market they are based upon.  So this is entirely possible, even likely.  I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in.

So this Bitcoin Future is a bad thing ? In what time period we are talking ?

Futures are like margin trading. So shorting or longing Bitcoin. It already exist but not on wall street.   Futures should help stabilize price of Bitcoin so we should not see +10% and -10% a day movements.  but ofcourse it will not stabilize first day. It will push price up a lot and then, might even take years will be huge crash and after that quiet stable price will be found.


After price will stabilize we will get is Bitcoin that will not attract people with x10 price in a year anymore. 90% people now are attracted only by this reason. New people coming after that in Bitcoin will be interested because of technology.

aha , thx a lot for explaining. so thats not so good for monero as well... i hope it takes years for that to happen. i really want to see XMR go 1000 usd , or that can only be in my wildest dreams? )

Nothing will happen so fast.  I think this futures impact on Bitcoin and on all Crypto short term will be super positive. I bet partly allready is right now. We would not have so strong bull run in 2017 if there would not be such speculation.

I don't quite understand how futures will affect current Bitcoin price, will Bitcoin futures be redeemable to Bitcoin at the end of each day?

Yes, is like I would buy right now Bitcoin 3 months form now at some speculative price.  Ofcourse 3 months from now the one that will sell to me will need to deliver it and I will need to pay at price we set right now and not the one will be then.  Or the opposite.




In general negative is that bankers will start messing with bitcoin.  Positive is that this is one of things that help to find price of Bitcoin and reduce bitcoin volatility.

[guesswho1234]

i am seeing a bright future for monero to be honest

[Febo]

How did exchanges got tether? Lets say poloniex, they paid USD to get them or they just print them themselves?

[TheFuzzStone]

Is there a list of exchange wallets?

http://web.archive.org/web/20171120093659/https://wallet.tether.to/richlist


https://www.reddit.com/r/CryptoCurrency/comments/7eg4aw/warning_15000000_usdt_being_deposited_to_known/

[aminorex]

How did exchanges got tether? Lets say poloniex, they paid USD to get them or they just print them themselves?

My guess is that btc and kraken essentially are the Omni foundation.  They pooled some USD, EUR, JPY and issued corresponding tether. But they reserve the right to disregard your redemption request.  AFAICT, the only way to redeem it for USD at retail is to sell for USD on kraken, or buy crypto with it, and sell that wherever you like.  As far as bfx is concerned, there is simply no difference between USDT and USD.  It is entirely fungible.  On kraken, where the exchange is explicit, there is often a small delta to NAV, but rarely enough to make a retail arbitrage, and never for long.

I think all the FUD is unfruitful.  No one with a lot of crypto should have it on any exchange, regardless of the state of USDT.  The mean stopping time for an exchange (typically an exit scam) seems to be about 2 years.  We can hope but cannot assume that this average will only increase over time. We can fear but cannot assume that this event is a "false flag" inside job.  Given that they are reversing the effects, it seems much more likely that this was a third-party action, and will be resolved in a fair and orderly manner by the tether wallet updates forthcoming.

As a resident of Canada, were USDT to slip materially from it's peg, I would certainly buy it, send it to bfx, and buy discounted XMR. After all, the risk exposure would be time-boxed to a matter of seconds (not counting the ~10 minute lag to withdraw from bfx with automated approval). Probably any difference in the btc vwap between kraken and bfx is accounted for by this trade.

[Hueristic]

Anyway, if people start to panic and lose trust in tether, wouldn't that mean higher bitcoin/altcoin prices? Surely they'll either be buying crypto to get rid of them or trade them for actual cash possibly bellow $1?

Where would you do that? Tether has already stated publicly they will not honor tether tokens if they don't want to. that is the funniest thing I ever read and yet people still buy them. Shit, I posted that in this thread months ago with the quote when it got added to their website.

Is there a list of exchange wallets?

http://web.archive.org/web/20171120093659/https://wallet.tether.to/richlist


https://www.reddit.com/r/CryptoCurrency/comments/7eg4aw/warning_15000000_usdt_being_deposited_to_known/

Thanks.

How did exchanges got tether? Lets say poloniex, they paid USD to get them or they just print them themselves?

My guess is that btc and kraken essentially are the Omni foundation.  They pooled some USD, EUR, JPY and issued corresponding tether. But they reserve the right to disregard your redemption request.  AFAICT, the only way to redeem it for USD at retail is to sell for USD on kraken, or buy crypto with it, and sell that wherever you like.  As far as bfx is concerned, there is simply no difference between USDT and USD.  It is entirely fungible.  On kraken, where the exchange is explicit, there is often a small delta to NAV, but rarely enough to make a retail arbitrage, and never for long.

I didn't even know there was a USD/USDT pair, thx. Kraken is worthless to US Residents though afa I'm concerned.

[Anon136]

It's been a very sluggish day of trading.I have found a way to avoid myself from turning all my btc into Monero.  Insane glue the amount keys.

Haha I wish I could have figured that one out. I long since turned my last bitcoin into monero. I am helpless against monero's siren call.

[Johnny Mnemonic]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

[garytheasshole]

How did exchanges got tether? Lets say poloniex, they paid USD to get them or they just print them themselves?

My guess is that btc and kraken essentially are the Omni foundation.  They pooled some USD, EUR, JPY and issued corresponding tether. But they reserve the right to disregard your redemption request.  AFAICT, the only way to redeem it for USD at retail is to sell for USD on kraken, or buy crypto with it, and sell that wherever you like.  As far as bfx is concerned, there is simply no difference between USDT and USD.  It is entirely fungible.  On kraken, where the exchange is explicit, there is often a small delta to NAV, but rarely enough to make a retail arbitrage, and never for long.

I didn't even know there was a USD/USDT pair, thx. Kraken is worthless to US Residents though afa I'm concerned.

Karken was savage on twitter

[starmman]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

I hope not - that will wipe out most of my order chain =)

[CTTE]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

You know, that will put Monero's marketcap at about $6.5 billion... above Dash in the #5 spot. I would expect that to bring a lot of attention to XMR from bigger players looking for privacy coins with more liquidity.
 

[Anon136]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

You know, that will put Monero's marketcap at about $6.5 billion... above Dash in the #5 spot. I would expect that to bring a lot of attention to XMR from bigger players looking for privacy coins with more liquidity.

You never have to worry about monero being over valued so long as it is valued at less than dark coin

[CTTE]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

You know, that will put Monero's marketcap at about $6.5 billion... above Dash in the #5 spot. I would expect that to bring a lot of attention to XMR from bigger players looking for privacy coins with more liquidity.

You never have to worry about monero being over valued so long as it is valued at less than dark coin

Agreed, that never seems to be the problem, in my eyes at least, Monero seems to be perpetually under priced!
 

[Bitcoinaire]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

With all the money pouring into cryptos I don't see why not, especially this coin. Monero looks ultra-bullish right now, so many good things happening around Monero!

[airdrophunter]

Sitting on number 8 on market capital and 8th on price makes me think that this is not his prime yet and this alternate coin can really climb high by next year because like other cryptos, XMR is private, secure, untraceable and of course decentralized that runs on proof of work blockchain protocol.

[KiXiNiT]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

Going to effectively triple in price in the space of a month? Yeah I highly doubt that will happen.

Be pretty shocked if it hit $200 by end of 2017

[explorer]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

Going to effectively triple in price in the space of a month? Yeah I highly doubt that will happen.

Be pretty shocked if it hit $200 by end of 2017

  It happens.  Pretty regularly, actually.  Most recently XMR tripled in a week, back in August.

[KiXiNiT]

what's the price going to be by dec. 31?

will we see $200?

Someone should make a thread where we guess exact prize.

I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31?  I would give 25% chance to that.

I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.

Going to effectively triple in price in the space of a month? Yeah I highly doubt that will happen.

Be pretty shocked if it hit $200 by end of 2017

  It happens.  Pretty regularly, actually.  Most recently XMR tripled in a week, back in August.

"It's happened before so it WILL happen again!"

Infallible logic!