[XMR] Monero Speculation

[lolchina]

500$-600$ is easy doable for monero to achive in next month or lesss since monero is probably the only real one privacy coin outhere,yeah its used mostly in deep web transactions and probably after some hacks(like nicehash) but that doesnt change the fact that this is a great coin with great future.They even got one of the bitcoin core devs to come work with them on privacy code in january and you could the improvment from then

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[foggywhite007]

monero, looks very solid now since November so many of x's former Excellent investment in my opinion coin. So beloved people from the darknet. Think in the region of 1000 it can cost at the end of 2018. And maybe more.

[guesswho1234]

anyone knows a proper lending rate for monero for when it pumps?

0.3%?

[explorer]

anyone knows a proper lending rate for monero for when it pumps?

0.3%?

People still short Monero?  It's pretty much free on Poloniex 

[SolarStorm]

what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?

Historically prices of futures never influenced the price of the underlying asset much.

Also, keep in mind that a future is originally meant for commodities like e.g. grain or wood. These contracts are passed on like hot potatoes, because if the contract expires, you literally get your commodity delivered in your front yard. Most people don't want that but.... because bitcoin is digital and it would fit nicely in any backyard worldwide with virtually no transport or storage cost, it is very easy to  take delivery after the future has ended.  My guess is that shorters will be terribly burned, soon.

[karlos_545]

Very solid project. But I have recently heard that most off the tras could be easili deanon?

[amaral1977]

what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?

Historically prices of futures never influenced the price of the underlying asset much.

Also, keep in mind that a future is originally meant for commodities like e.g. grain or wood. These contracts are passed on like hot potatoes, because if the contract expires, you literally get your commodity delivered in your front yard. Most people don't want that but.... because bitcoin is digital and it would fit nicely in any backyard worldwide with virtually no transport or storage cost, it is very easy to  take delivery after the future has ended.  My guess is that shorters will be terribly burned, soon.

From what i´ve learned from my friends (two of them are brokers) is that most of them will rush in shorting. One of them was amazing with a 2k change in price...I just smiled. What i don´t understand (i just don´t know how it works) is the influence of trillions of dollares from the chicado market in a lower marketcap asset. IF the shorting pressure is high, will it actually push the price down?

[guesswho1234]

anyone knows a proper lending rate for monero for when it pumps?

0.3%?

People still short Monero?  It's pretty much free on Poloniex 

people will short everything. dont you remember the alone wank guy?

[solias]

Barring quantum computers, is Monero immune from cryptographic breaks?

Quoting gmaxwell's statement on bitcoin's cryptography strength:

nullc 8 points 8 days ago

    But for me as a long term holder, it would just be another blip on the radar.

Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.

A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.

This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.

[Globb0]

OK bitcoin dipping a bit and XMR rising in response.

Its a good thing to see we are buoyant.

[SolarStorm]

what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?

Historically prices of futures never influenced the price of the underlying asset much.

Also, keep in mind that a future is originally meant for commodities like e.g. grain or wood. These contracts are passed on like hot potatoes, because if the contract expires, you literally get your commodity delivered in your front yard. Most people don't want that but.... because bitcoin is digital and it would fit nicely in any backyard worldwide with virtually no transport or storage cost, it is very easy to  take delivery after the future has ended.  My guess is that shorters will be terribly burned, soon.

From what i´ve learned from my friends (two of them are brokers) is that most of them will rush in shorting. One of them was amazing with a 2k change in price...I just smiled. What i don´t understand (i just don´t know how it works) is the influence of trillions of dollares from the chicado market in a lower marketcap asset. IF the shorting pressure is high, will it actually push the price down?

How can the price go down on a limited resource ? Eventually a shorter must buy BTC to pay back the BTC that he/she borrowed (that's how shorting works). But BTC is getting more rare every day.  In every dip on the markets, there is some farmer in zambia who bought his first bitcoin. Since there are a lot of farmers left in zambia without bitcoin, the transfer is still going from the few to the many, and no future contract can ever prevent that.

[Febo]

2391 people searched advice's about Monroe on Monero Stack Exchange. Never before this many as yesterday. This is what matters right now and this is what Monero needs. Not just people to use it, but to understand it better.


If you dont know something go there and look: https://monero.stackexchange.com/

Random day half year latter and three times more visits a day.

[aminorex]

How can the price go down on a limited resource ? Eventually a shorter must buy BTC to pay back the BTC that he/she borrowed (that's how shorting works). But BTC is getting more rare every day.  In every dip on the markets, there is some farmer in zambia who bought his first bitcoin. Since there are a lot of farmers left in zambia without bitcoin, the transfer is still going from the few to the many, and no future contract can ever prevent that.

BTC futures are cash-settled, so you never need to buy or sell Bitcoin if you are speculating, for example, in order to drive the spot down, and load up on actual BTC at a lower price.

[rinus]

How can the price go down on a limited resource ? Eventually a shorter must buy BTC to pay back the BTC that he/she borrowed (that's how shorting works). But BTC is getting more rare every day.  In every dip on the markets, there is some farmer in zambia who bought his first bitcoin. Since there are a lot of farmers left in zambia without bitcoin, the transfer is still going from the few to the many, and no future contract can ever prevent that.

BTC futures are cash-settled, so you never need to buy or sell Bitcoin if you are speculating, for example, in order to drive the spot down, and load up on actual BTC at a lower price.

aminorix , i am always reading your posts and find them very interesting. What do u expect will happen tomorrow with the release of bitcoin futures , in mean impact on XMR. Could we go higher this year or is all that for first quarter next year when new stuff is released

[Anon136]

Barring quantum computers, is Monero immune from cryptographic breaks?

Quoting gmaxwell's statement on bitcoin's cryptography strength:

nullc 8 points 8 days ago

    But for me as a long term holder, it would just be another blip on the radar.

Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.

A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.

This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.

Interesting. Due to the opaque nature of our blockchain perhaps there is a need to adopt quantum resistant algorithms BEFORE anyone ever discovers a break. Since an intelligent and mallicious actor who learned how to break the cryptography might wisely quietly target an opaque blockchain first. Literally before doing ANYTHING else with his new tech. We might be ground zero.

[N-rG]

Shorting monero == financial desaster? Well if you remember correct I shorted XMR after AlphaBay's implementation and the following hype. The Bitcoins I made with that are nowadays worth more than 9 Million dollars. Shorting is good it brings liquidity and attention to a market.

[Hueristic]

How many expected Bitcoin's price to crash after it surpassed 3k?

Guilty as charged. I had been telling family and friends to buy bitcoin for years and none of them wanted to hear it. It was around 2,000-3,000 dollars they all came to me and said "well im starting to be convinced should I buy some now" and I was telling them no! At this point I suspect they just think I'm a bastard who wants to gloat and doesn't want to share in any of the success.

Yeah, similar here, sometimes you just can't win! I tell them, you didn't listen a year ago and I have no clue today but I wouldn't buy and I've been wrong. For the last week I just say Idunno.

I did decide to go out on a limb yesterday and tell my moms boss that he should totally buy monero though. Cross fingers monero doesn't crash and mom finds herself out of a job.

ROTFLMFAO! I hope you have enough Monero's to cover her if she does! that takes balls. LOL

Edit: I understand he also shorted Bitcoin at around 10% of the present value earlier this year.

Well I guess that suitcase full of cash is gone now.

what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?

It could do either but the pundits are saying higher then it will massive crash. As usual who knows, we all know crypto is lighning markets verses stock and securities so bear that in mind.

Very solid project. But I have recently heard that most off the tras could be easili deanon?

AAAaanDDD, You heard FFFffffuuuuudddddDDDD.

Barring quantum computers, is Monero immune from cryptographic breaks?

Quoting gmaxwell's statement on bitcoin's cryptography strength:

nullc 8 points 8 days ago

    But for me as a long term holder, it would just be another blip on the radar.

Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.

A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.

This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.

Interesting. Due to the opaque nature of our blockchain perhaps there is a need to adopt quantum resistant algorithms BEFORE anyone ever discovers a break. Since an intelligent and malicious actor who learned how to break the cryptography might wisely quietly target an opaque blockchain first. Literally before doing ANYTHING else with his new tech. We might be ground zero.

Well this is a good argument not to move to bitcoins algo and stick with cryptonight. As has been suggested (i find the argument very weak), it would be smart to test any attack vector on our chain before trying bitcoins if we used the same library.

[kurious]

Shorting monero == financial desaster? Well if you remember correct I shorted XMR after AlphaBay's implementation and the following hype. The Bitcoins I made with that are nowadays worth more than 9 Million dollars. Shorting is good it brings liquidity and attention to a market.

Didn't TheKoziTwo pay you to leave and never return?

[johnsmithx]

what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?

It could do either but the pundits are saying higher then it will massive crash. As usual who knows, we all know crypto is lighning markets verses stock and securities so bear that in mind.

Trading derivatives logically does not and can not have any direct influence on the price of the underlying asset the derivative is derived from. The asset price makes all the difference on the derivative trading but not the other way around, the asset's price discovery mechanism doesn't know anything about some derivatives.

What can and does happen, though, is someone trading the derivatives and (if big enough) simultaneously the spot in an effort to push the price in their (derivatives trading) favor. But the big money could have been trading on the spot already for years, there is no change going to happen in that aspect tomorrow. They will just have a new possibility to trade futures and thus potentially make money twice, which in effect may lead to a more intensive spot trading and thus affecting the asset price.

[N-rG]

Shorting monero == financial desaster? Well if you remember correct I shorted XMR after AlphaBay's implementation and the following hype. The Bitcoins I made with that are nowadays worth more than 9 Million dollars. Shorting is good it brings liquidity and attention to a market.

Didn't TheKoziTwo pay you to leave and never return?

No he paid for one year only. You want to prolong it ?