it's well known bitcointalk is a shithole but it's unfortunately the only shithole you've got.
moving onto your closed walls monero specific domain a la paycointalk is the altcoin equivalent of setting up scientology camps. You'll be sticking your fingers in the ears saying you can't hear the haters and preaching to the choir in a gigantic circlejerk while volume dwindles and involvement becomes increasingly diluted.. why must you keep turning this into monero vs the world.?

I simply said I'm sick everyday of reading this thread on the front page when there is barely any exciting information within. Lots of dreamers imagining how insanely rich they will become when xmr reaches parity to an oz of palladium and  many conspiracy theorists discussing how monero is being held down when the price heads south, none of that talk when the price pops up again... price goes up and down..you can't explain that, it doesn't need a forum post each time it shifts.. All I'm saying is It would be nice if it was simply condensed down into meaningful status updates on the project, with less signal to noise ratio. You guys over aggressive sales pitch and promotion drove off many, that's a truth.


See, this is the kind of attitude I am speaking of. You can deny it but it has caused many to simply avoid joining this crazy cheerleading squad. Apparently Monero is all supreme and any opinion to the contrary must come from some sort of sleeper agent working for another altcoin development team or one with a personal vendetta against monero... How pray tell is Monero a threat to my shitcoin investment ?  This is a trading game, it's not personal.  I am sat here wondering how on gods green earth the market decide faircoin and banxshares are more enticing than monero but that's just the way it is.. this is inefficient and irrational market, you have to trade swings.

How is xmr a threat anyway... Because it is performing so well recently?  because nobody has mixed baskets? I am quite confused... I have at times, bagholded Monero and at times profited from Monero the same as pretty much every altcoin currently or ever in my portfolio.  In fact the first time I was an XMR bagholder was when risto dumped 40k xmr into one of my buywalls whilst I was already down. I didn't want it filled at the time I had freaked out for a moment as the price took a turn for the worse, but  little bit of patience and sold at a profit awaiting another dip. It came. rinse and repeat coming out on top overall more than I got burned. It's not rocket science.  Nor did I have to resort to posting nonsense here about how Monero will overtake Bitcoin to become the obvious dominant successor.. The same story with many other altcoins. You seem to think this is that nobody is allowed to sell and rebuy or short..  They must just hold forever otherwise they are an enemy employed by evan duffield..

I am aware of one notable exception to this general rule:  If you are aware of largish margined short positions, there is very little reason not to take their money.  In case you are unfamiliar with the process of running stops, it is as simple as placing a sell order just over the price at which margined positions are forced closed, and sweeping the market up to that price.  If you have the required data and do the math, it is as close as you can come to a guaranteed profit, and in a low cap market like this, it doesn't take much capital.  The down side to that is: As thin as the market is, there just isn't that much to be gained by it either;  I don't have the position info, but I do observe that the lend rates on XMR are miniscule, which means demand is quite low, which means positions are quite small, which means running stops just isn't going to net you a large win right now, limited as it is to a small fraction of the outstanding margined short position sizes.  What risk there is in the process comes from sellers on the side-lines dashing in to front-run your reaping order.

No coin in the cryptospace is removed from a self-advertising mechanic - it's fundamental. The difference with Monero is that the community is well populated, so inevitably is the most discussed. In general, Monero is honest, strong, and intelligently conceived - such components will inevitably secure a clever and stable support base.


Okay this is you talking in troll-mode, so in the main, I shall ignore it. That said, there is good reason for Monero to always be on the defensive: 14 months of attacks from lesser coins trying to steal its crown and network. And of course, sock puppet newbie accounts that pop up perpetually speaking in troll-mode.


This is the Monero Speculation thread. In order to stay on topic you generally should display some modicum of an opinion as to what the price will do. There's basically three choices: up, down, stay the same. Here's my speculation: I think it will go up.


Mainly troll-mode, so again, mainly ignoring. The only thing important to rebuke here is the issue of large holders concentrating wealth. At no point was there ever a premine, or instamine, or any other developer-orientated private/secret/nefarious attempt at wealth accumulation bias. Everyone has had, and indeed does have just as much opportunity to accumulate Monero as anyone else. AmericanPegasus - a relative newcomer who you earlier cited - owns less than 20k which was purchased on Poloniex a few weeks ago. You can't have it both ways: either there is a back-room conspiracy or there is the cacophony and noise of dealings laid out under the spotlight of the public arena. Which would you prefer?


Democracy and Darwinism.

Great post, bit of an addition to this post. Margin trading was introduced on the 18th of May at 19:00 UTC and price was around 0.0025 at that moment, so we can reasonably conclude that the highest price one got to short was around 0.0025. Taking that into account, at worst all current short positions get a forced liquidation at 0.003 (Poloniex allows 1:2,5 margin, but uses maintenance margin, so a 20% move in the opposite direction will wipe out your short/long (more information can be obtained from -> https://poloniex.com/support/aboutMarginTrading)). Probably a lot of shorts were taken out lower than this, so they will get liquidated earlier. It would be nice if Poloniex introduced some swap data just like bfxdata.com, in that case we could see the amount of shorts and longs currently open.

@legit_chocolateface: The kind of posts you exhibited here in your post make me cringe a bit as well, but these posts are merely coming from a few people (since this is there personal character, there isn't much we can do about it). Most posters tend to stay rational though.  

legit_chocolateface = stslimited

Is it true?

WRONG!  I don't ski.

I'd only try that strategy if I owned the exchange and could see the stops exactly.

Libertarians, communist, and transhumanist, Oh My!

Personally I'm a Deluezean capitalist, pre-AI singularity poet, and lover of fine women--you can add them to the list if you want. But back on topic: the price seems to slide when the buys drop below 300btc and the sell above 200k. I'm amazed how much gets eaten by the market without the day to day going wild.

Even criminals and KGB agents.