[XMR] Monero Speculation

[cAPSLOCK]

This guy says Monero is the most shorted coin
https://twitter.com/monerotrader/status/1359185389899063298
comments?

Huh.

I am no expert on this... but damn.  That makes XMR one of two things.  Either being massively manipulated, or a candidate for a huge short squeeze, or both.

Call out he Wall Street Bet Boyz!

 It's interesting.  This might actually be a good candidate for that sort of play.  But I do not think they are a very crypto friendly bunch... dunno.

But why all the massive short positioning for XMR out of line with other coins?  Someone know something?  Is it because Mindrust announced a position?

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[tokeweed]

Uh..  Really?  Why would anybody short something in the middle of what could be the biggest bull market in crypto’s history?  It’s prolly just day trading or something short term.

[mindrust]

But why all the massive short positioning for XMR out of line with other coins?  Someone know something?  Is it because Mindrust announced a position?

No matter how you look at it, compared to the others, XMR is cheap. Way too cheap. I don't believe it is going to disappear neither. Banning Monero exclusively would mean they could ban Bitcoin too and that would bring fear to the investors and whoever letting this Bitcoin pump happening can't take that risk so they won't ban monero.

I can't believe that the FED is eating popcorns while their currency is getting ass kicked but on the other why am I  surprised... they did everything necessary to reach this stage.

The only thing that makes sense to do for them right now is raising the interest rates and that would kill every bubbly asset and zombie corp out there and they cannot let that happen. (they should though) They are suiciding.

This is the great reset. It is happening. Right now. I cannot be as certain if Bitcoin will be the one to survive through everything but we all are going to see what's going happen next. Interesting af. I need more beer.

[cAPSLOCK]

Uh..  Really?  Why would anybody short something in the middle of what could be the biggest bull market in crypto’s history?  It’s prolly just day trading or something short term.

Unless that site is incorrect, the short interest in XMR is at an all time high pretty much.

No other crypto they measure has shorts outnumbering longs and most are not even visible on the chart.  XMR is a big time outlier.

This site only measures the open longs and shorts on Bitfinex I think...

https://datamish.com/xmrusd/360d

[IntroVert]

Broke $200... and crickets?

[Hueristic]

Broke $200... and crickets?

Meh, dirty Fiat price, Wake me when we hit .03 again!

[sportscliche]

This guy says Monero is the most shorted coin
https://twitter.com/monerotrader/status/1359185389899063298
comments?

Huh.

I am no expert on this... but damn.  That makes XMR one of two things.  Either being massively manipulated, or a candidate for a huge short squeeze, or both.

There was a similar post circulating on the Bitcoin Cash subreddit. The case for a massive short on either of these coins is likely based on complete fantasy.

The Bcash guys are blaming under-performance relative to Bitcoin on: a) massive shorting of BCH and b) rampant purchases of BTC with un-backed Tether.

[elrippos friend]

Broke $200... and crickets?

Meh, dirty Fiat price, Wake me when we hit .03 again!

Latest in June 2021 

[bitebits]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

[sech1]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

A coin that shall NOT be named?

[elrippos friend]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

Thank´s, interesting to see that 2,1% of crypto are used for illict activity 

[Sipizter]

Broke $200... and crickets?

Meh, dirty Fiat price, Wake me when we hit .03 again!

Exactly my sentiment too. Actually I am pretty annoyed by the XMR / BTC ratio being so low, but there seems to be some improvement on that lately.

[elrippos friend]

Broke $200... and crickets?

Meh, dirty Fiat price, Wake me when we hit .03 again!

Exactly my sentiment too. Actually I am pretty annoyed by the XMR / BTC ratio being so low, but there seems to be some improvement on that lately.

As i recognize, and as Monero naturally behaves, the up stream will be pretty rocketing  

[bct_ail]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

Thank´s, interesting to see that 2,1% of crypto are used for illict activity 

Indeed. And that was the highest value.


https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

[cAPSLOCK]

This guy says Monero is the most shorted coin
https://twitter.com/monerotrader/status/1359185389899063298
comments?

Huh.

I am no expert on this... but damn.  That makes XMR one of two things.  Either being massively manipulated, or a candidate for a huge short squeeze, or both.

There was a similar post circulating on the Bitcoin Cash subreddit. The case for a massive short on either of these coins is likely based on complete fantasy.

The Bcash guys are blaming under-performance relative to Bitcoin on: a) massive shorting of BCH and b) rampant purchases of BTC with un-backed Tether.

I want to be very clear that my post had NOTHING to do with blaming any underperformance on anything especially not Tether conspiracies. 

If that site is accurate Monero has an out of proportion amount of shorts, and that is very interesting.

[Febo]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

Not only that Monero is not mentioned in the report. Also the biggest dark market that is Monero only, the White house market is not mentioned. It simply dont exist for Chainalysis.

[bct_ail]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

Not only that Monero is not mentioned in the report. Also the biggest dark market that is Monero only, the White house market is not mentioned. It simply dont exist for Chainalysis.

Maybe they cannot track Monero? 

[tokeweed]

Monero NOT mentioned:

https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf

Thank´s, interesting to see that 2,1% of crypto are used for illict activity  

It’s cos they couldn’t see those txs anymore.    There’s nothing to report.  Lolol.  

Seriously tho after all this is done and over with, with lots of folks making a lot of gains, it would be so dumb to store them in BTC for everybody to see.  I’m pretty sure a lot of crypto bros are pretty stoked with what the have in their accounts rn...  Prolly reaching 6 or even 7 figures.

[Hueristic]

Well now that the USD price is going up one of my buddys wants in.

I know why didn't he listen to me the last few weeks when I was saying to grab it then?

Pleb FOMO in action but better late than never I guess.

Anyways what is the simplest method for a n00b to get an account and buy in with USD?

Kraken?

He ain't getting any of mine.

[phishead]

Well now that the USD price is going up one of my buddys wants in.

I know why didn't he listen to me the last few weeks when I was saying to grab it then?

Pleb FOMO in action but better late than never I guess.

Anyways what is the simplest method for a n00b to get an account and buy in with USD?

Kraken?

He ain't getting any of mine.

Same! Ha, but yes... Kraken is awesome. I just opened an account for the first time on any exchange in a while and it is really slick. Seems like they value your security more and than any other exchange that’s for sure.