Read: "How to up your hashrate on TeamRedMiner" - Read on Medium

1 day candle just closed as a green hammer on bitcoinwisdom. That has been a bullish reversal signal multiple times in the past. I think it was rpietila that first pointed that out. About 5000 of the 13500 wall at .00300 got taken out by a single sell. There were about 630 BTC in buy orders that dropped to 407 this afternoon. Volume is very low. I think the question is still open, are we in an uptrend or a downtrend? I think there is btc on the sidelines waiting to find out how this descending triangle plays out.

This is about as cheap as monero has ever been. We were very briefly as low as around 25 cents USD but are now hovering around 65-70 cents. I purchased some last summer in the $2.00-$3.00 range when Bitcoin was around $600 and XMR traded around .004-.005. How much cheaper can you ask for?

Out of curiosity, what is the going rate for buying/selling large quantities (10,000-40,000+) OTC? Does buying or selling that much demand a premium or discount?

332 BTC volume today on poloniex but almost no price movement. It's hard to make a case that it will go lower at this point, there is just no meaningful liquidity (25-50+btc) on the ask side without pushing the price up 15%.

Shapeshift.io just added XMR support and it looks like the database is one step closer. Development wise it looks like there are good things on the horizon.

99.999% (maybe even more 9s) of people in the world haven't even assigned a value to Bitcoin yet, let alone considered substituting it for something better. Is there a Big Mac index for Bitcoin? How many places that accept Bitcoin aren't converting straight to their native currency because we are still in the "is it worth thousands of $$$$ or is it worth nothing" phase? 21% of tips given through changetip on reddit go unclaimed and a lot of people still think it's just used for buying drugs or it went bankrupt. You gotta admit that it has a bad rep right now. Litecoin looks like it is going on a straight path to zero but you have to realize that Bitcoin has been following the same path which began at the same time and it offers no technological improvements over litecoin so why should it succeed when litecoin shouldn't?

I will add the disclaimer that I am another one of the people that no longer owns any Bitcoin unless they are used to purchase Monero or to use for sports betting because they don't take monero yet. There are some fundamental flaws in Bitcoin that make me think it will not succeed and some that make me not want to use it at all. Biggest is lack of privacy and the other is lack of scalability. If Bitcoin can address those two issues I would jump back in but it seems like there are too many cooks in the kitchen now to come to agreements on major issues. Two years ago I would have aggressively defended Bitcoin to someone saying the things I say now but I am losing faith.

188 btc wall got eaten at 0.004 and then another 40 btc wall went right back up in its place. Taking some profit was tempting but there hasn't been an opportunity to buy back lower after selling in weeks. Even 5-10 btc will move the market 5% most of the time.

I will pledge 1500 XMR (everything that I lost) if someone can find who this guy is and get people's funds returned.

This is a cool service and especially useful for me since I don't know how to set up my own openalias address. I think electrum supports openalias but I am not positive.

I have one question though. Wouldn't it be possible for the service operator to change the address the openalias points to and start stealing payments?

I have been seeing Monero get a lot more exposure in /r/Bitcoin lately (2-3 weeks) especially in topics relating to fungibility and privacy. Sometimes the comments are even in the positives and somewhat well received which is extremely rare for any altcoin in /r/Bitcoin. It would be like pointing out the sky is actually blue in /r/theskyisgreen and not getting down voted to hell. Makes you think maybe a few people are pausing the circlejerk and taking a look for themselves at the sky.

Examples
http://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

http://www.reddit.com/r/Bitcoin/comments/2zq0tr/theory_we_will_likely_have_two_bitcoins/

The compelling arguements against altcoins there is usually something like "the Bitcoin network effect is too great to overcome" or "side chains will make all altcoins obsolete". You have to consider the possibility that while you are waiting around for the fix to Bitcoin (that may never happen) to build a network around there are currently functional alternatives building a network effect of their own. Who has first mover advantage in this scenario? I have a feeling Monero is getting close to an adoption tipping point as more and more people start hedging their crypto portfolio after fundamental flaws in Bitcoin and other coins start causing real world problems.

I disagree with you here. Even if you don't care about that individual transaction, is there any reason you would want to make it public? The default should be to private and not open because you never know what could happen in the future. In addition to that what if someone was strongly against Aero bars and decided to block transactions from people that have bought them? Given a long enough timeline an open ledger coin will become less and less fungible IMO. If services can be created around blacklisting coins they will be and most likely already are.

Below is a link to an interesting Ted talk regrading privacy and a link to a discussion regarding a company that is working to deanonymize Bitcoin.

http://www.ted.com/talks/glenn_greenwald_why_privacy_matters?language=en

http://www.reddit.com/r/Bitcoin/comments/2yvy6b/a_regulatory_compliance_service_is_sybil/

I lost about 1500 XMR, 500 of which was profit from investing in the house. Seems like a lot of work was put into the site just to steal some coins. I hope nobody lost too much.

Despite the 100,000 XMR dump the value is actually slightly up today in terms of $ USD due to the rise in Bitcoin. Just as a general observation, in the past when BTC has gone up or down I have noticed that XMR/BTC has gone opposite on low volume so that the USD value of XMR has stayed about the same within fractions of a cent. There must be bots that try to take advantage of rises or falls in Bitcoin by getting in or out during volatility. Either way I would have speculated that there would be selling pressure today to keep XMR in the $0.42-$0.43 range regardless of that dump.

Looks like an inverse head and shoulders pattern is forming on the 12 hour chart starting around January 10th with the neckline breakout at about 0.00133. Order books are very thin on the sell side, less than 10 btc to break through.