Quote from: americanpegasus on May 20, 2015, 08:54:02 PM

Quote from: TrueCryptonaire on May 20, 2015, 08:34:18 PM

Quote from: kazuki49 on May 20, 2015, 08:27:30 PM

Quote from: rangedriver on May 20, 2015, 08:25:02 PM

Quote from: TrueCryptonaire on May 20, 2015, 08:10:18 PM

Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.

On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.

Haha - still trying to push the markets down then?

Good luck meeting your somewhat risible 0.0005 target.

truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.

Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.

I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.

Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.

Ask yourself why people aren't willing to short Monero right now.

Your argument boils down to "No one is stupid enough to short Monero right now, because that would be an obviously bad move, so everyone better short Monero."

Your logic makes sense in a large and relatively stable asset like Apple stock, but even then shorting volatile and promising tech companies is a fools game.

Shorting a tiny crypto, who has the best long term future of any crypto (besides bitcoin)? Are you mad?

Do you realize how stupid you sound? Imagine in 2011 when bitcoin was hovering under $1 if you had given the same advice: "everyone should short because it's inevitable."

You would lose your shirt and shit quick. Monero isn't some sideways trading shit coin. It's trajectory is exponential, and the moves upward won't always be predictable. They will come violent and quick, far faster than you can exit your shorts.

Your account will be liquidated faster than you can react.

For you pros out there, you already know how stupid this guy's advice is. For you rookies out there (and I know some of you read this too), please don't listen to this guy. He is giving some of the worst advice I've heard.

If you think Monero is in a downtrend and you don't want to acquire it right now, fine. But no one can predict the moves in such a small and volatile (and upward bound) asset.

I am not trying to predict but I see the Golden opportunity to be better shorting than longing.
I do not want to repeat myself.
When the rates are dirt low it means the rates must go up especially if the relative inflation (inflation of xmr vs. inflation of btc) is not in favor of XMR, it is rational thing to get actually higher rate from lending XMR than BTC.

I am not saying "it will go there". If I were saying you can call me stupid, but I am saying rather: it might go or odds are or probably it will go down.

The fact that it is forming bearish triangle now looks pretty bearish to me (from the charts of the current year). The all time chart looks actually far more scarier.
If I had to base my decision to invest into XMR on charts, I would stay away - with distance.
Fundamentals I am not sure.... Perhaps there are some hope for the long term investors to regain their money back? I certainly hope so....