[XMR] Monero Speculation

[Hueristic]

How to capitalize on the arbatrage between korean exchanges? We could all go there and have a party.

I was wondering the same thing. Sell high, move to tether and wait for a crash to buy low and get out of the exchange but with the premiums I think you would still be over paying unless there was a crash of 40%

QFT, do we have a list around for XMR/USD pairs? Is there any exchange you can withdraw XMR in USD for US residents?

I think you can withdraw from openledger the decentralized bitshares exchange. I don't know how long verification takes though

OK, so I thought Bitshares and Banx were a scam but it looks like they are seperate? All I can fins is Bitshares exchange is controlled by 4 centralized entities, is this true? Where do I find out the truth about Openledger? I guess I could be our guinea pig if coinbase lets me withdraw btc.

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[smooth]

How to capitalize on the arbatrage between korean exchanges? We could all go there and have a party.

I was wondering the same thing. Sell high, move to tether and wait for a crash to buy low and get out of the exchange but with the premiums I think you would still be over paying unless there was a crash of 40%

QFT, do we have a list around for XMR/USD pairs? Is there any exchange you can withdraw XMR in USD for US residents?

I think you can withdraw from openledger the decentralized bitshares exchange. I don't know how long verification takes though

OK, so I thought Bitshares and Banx were a scam but it looks like they are seperate? All I can fins is Bitshares exchange is controlled by 4 centralized entities, is this true? Where do I find out the truth about Openledger? I guess I could be our guinea pig if coinbase lets me withdraw btc.

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

[thoth-Atlantian]

We have come along way when people query was is the price so low at $500 

[rinus]

 Can we see 800usd this year if bitcoin remains going sideways?

[johnalan]

Can we see 800usd this year if bitcoin remains going sideways?

If we don't see 1500usd this year something is wrong.

[Billy Bunter]

Looks like some progress on Ledger support:

https://github.com/monero-project/monero/pull/3095

[tokeweed]

We have come along way when people query was is the price so low at $500 

It's not about where it is in 'USD value now', it's if it can out perform BTC in the market.  Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.

[generalizethis]

We have come along way when people query was is the price so low at $500  

It's not about where it is in 'USD value now', it's if it can out perform BTC in the market.  Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.

+ pulling the charts out far enough to see the overall performance relative to BTC. A short enough timeframe will validate any number of absurd claims, positive or negative.

[denetci]

I think we will see 1,500 dollars in the short vault. Between 3-6 months I mean short vaults. I trust Monero. i think we all trust monero

[Veseloff]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

[ultegra]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

[Oakey22]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

I have heard the process is very long winded and takes a while for them to get back to you. Just sit back and wait, I am sure they will get through to you eventually. Let's remember too that they must be really busy with all the new registrations

[aminorex]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

A. Supply and demand.

B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation.

C. Some expected fundamental events in 2018:  

* The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows.

* Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve.

* Crypto correction hits BTC first, later ETH.  BTC snaps back with Lightning.  

* XMR demand rises with improvements to:

1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets);

2. access (direct USD exchange);

3. privacy (Kovri);

4. scalability (bullet proofs); and,

5. further market penetration and expanding transaction volume (Globee, DNMs).

* XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand.

But the real wild card is the potential for a hyperinflation crisis in the FX majors.  This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance.  The Chinese bond flow news could be the first big crack in the dam, or not.

[rinus]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

A. Supply and demand.

B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation.

C. Some expected fundamental events in 2018:  

* The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows.

* Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve.

* Crypto correction hits BTC first, later ETH.  BTC snaps back with Lightning.  

* XMR demand rises with improvements to:

1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets);

2. access (direct USD exchange);

3. privacy (Kovri);

4. scalability (bullet proofs); and,

5. further market penetration and expanding transaction volume (Globee, DNMs).

* XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand.

But the real wild card is the potential for a hyperinflation crisis in the FX majors.  This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance.  The Chinese bond flow news could be the first big crack in the dam, or not.

What does that mean price wise for 2018?

[aminorex]

What does that mean price wise for 2018?

Volatile but bullish - same as usual.

[Hueristic]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

[Febo]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

I finally submited on Sunday. What is frustrating to me is, that I dont even see if my verification is pending or not. I just hope it is.

[smooth]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

Unfortunately "FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience"

https://openledger.freshdesk.com/support/solutions/articles/33000203466-how-do-i-make-fiat-deposits-and-withdrawals-

[Hueristic]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

Unfortunately "FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience"

https://openledger.freshdesk.com/support/solutions/articles/33000203466-how-do-i-make-fiat-deposits-and-withdrawals-

Yeah, this is not very informative. Very unprofessional in the very least. I'm not trusting this exchange.

FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience.

I  found this as well.

https://coinjournal.net/michael-taggart-involved-banx-scam/

[cAPSLOCK]

Were getting screwed Gangnam style. :/