Quote from: nanobrain on August 25, 2016, 09:42:38 AM

Quote from: DaveyJones on August 25, 2016, 06:30:58 AM

Quote from: nanobrain on August 25, 2016, 06:17:26 AM

Quote from: elrippo on August 25, 2016, 05:12:14 AM

Besides, until we have no market for turning XMR in $ or , the cashout probably will still be in BTC, which does not lift the price of XMR a little bit.

The more I study this sentence the less it makes sense.
Perhaps by "no" do you mean "a" - in which case, you do realise that Polo already has a XMR/USD market.

To be fair it is XMR/TUSD

OK, apologies...my bad.

It still doesn't make that sentence coherent though

Sorry the autocorrection tricked me in the morning Grin

You are right, "a" was ment to stand here.

Quote from: bitebits on August 25, 2016, 06:11:58 AM

Quote from: elrippo on August 25, 2016, 05:12:14 AM

[...]until we have no market for turning XMR in $ or , the cashout probably will still be in BTC, which does not lift the price of XMR a little bit.
[...]

Can you explain why it makes a difference for the dollar price of a monero, whether it is being 'cashed out' to dollars or bitcoins?

I do not endorse it but there is a clear incentive, especially in the DNM sector, that merchants keep their profits in XMR. That actually does lift the price of a monero.

The thing with poloniex is your ID. If i would be a DNM seller of some substances or other unfriendly arms, i would think twice before i cash out my DNM money on poloniex, even with multiple accounts, but that is just my opinion.

The other thing is, if seller S sells his goods for 1000XMR and buyer B buys for 1000XMR (6,5BTC), buyer B has to purchase his 1000XMR from somewhere, most likely changed BTC to XMR which would be the buy side on poloniex, just asuming this.
Now seller S has 1000XMR and wants to cash them out for example on poloniex two days later at 0,0070 that would represent the sell side on poloniex.

Now we have a buy of 1000XMR at 0,0065 and two days later a sell of 1000XMR at 0,0070.
Now you ask why is this price rising in two days from 0,0065 to 0,0070? Let's asume more DNM buyers purchase XMR on poloniex and that lifts the price 8% in two days. After these two days the sellers on the DNM sell their XMR on poloniex at the rates driven by the buyers.
What do you think will the price BTC/XMR on poloniex do?
Pretty nothing, waving around at +/-10% for quite a long time.

What a lot of people in this discussion asume, is simply the fact that suddenly in a few days all DNM buyers purchase XMR, and keep purchasing XMR for a long time, and in the same timeframe the sellers on the DNM do not sell their XMR.
Well in my honest opinion, this is quite a naive stand, especially taking the timeframe of lets say 3 days from 0,004x to 0,009x into consideration.
Like i mentioned, buy walls of up to 500BTC and a 40kBTC volume....

Even if all DNM buyers would buy BTC and lets take an average of 10BTC per buyer this would have to represent 4k people buying and selling XMR in 3 days just to get goods on the DNM --> i do not think so

I know my opinion is unpopular at the moment, but my last prediction was also right, when we went up to 0,004x, i also sayed this is a marketmaker playing around, taking the almost symetrical rise and fall and behaviour into consideration.

Just my own opinion on my stand Grin