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Lowering emission, supposedly some progress also in development (I don't have that much time to follow & contribute the development side while I am playing the pump'n'dump game with XMR).
It is expected that bitcoin will rally in 2016 (looks like it has started the running already). When btc will make new ath, many bitcoiners will have to readjust their diversification and that's the time Monero will appreciate in value towards btc.
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the patience will eventually pay off and the price start to decline.
Thanks for being so explicit about your current position, that puts things you say into context for all those who don't know you. Actually the wind is turning now and looks like it is time to hoard rather than sell. Personally I have bought a meager amount as well (not much, about 1300 coins a couple days ago). I guess there is some kind of paradime shift taking place making "ever bearish" Monero a golden coin once again. |
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It is just a matter of time when Monero stabilizes below 0.001.
Some months from now we might be happy to even get a rally all the way to 0.001.
Right now the future looks pretty dark.
However I am not encouraging anyone to play with leverage. It could be painful experience as the community might be able to maintain the current levels for some time. However, the patience will eventually pay off and the price start to decline.
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Looks like I was able to create some upward pressure on Monero with the speech.
The good news is, this is only the beginning.
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Lol you guys are still holding moonero?  Not just hodling but buying little from here and there. I caused the downtrend but the good news is I am ready for the bull run now.  |
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Good to have CKG giving some pressure.
Some CKG dumps every now and then makes XMR stronger as people want to acquire an asset for discount and in order to do that they need to buy some additional Moneros.
Other merchants that store and tie up tons of Moneros would be welcome... Ideally some digital ones that do not put selling pressure on Monero markets but rather hoard excessive amounts of Moneros.
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Yes it is. The Chikun is about to rise soon.
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Only short period of time until Monero hits minimum block reward.
Most of pre-minimum coins are mined now unlike 1 year ago.
Next year Monero has a true chance of getting high prices if any meaningful amounts of people are about to embrace Monero as their coin of save haven. Now Monero is still relatively cheap and personally I have been scooping some coins at these levels.
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Monero has given excellent shorting opportunities.
I have no reason to believe it ceases to giving them in the future.
Risto is saturated with Moneros and so are probably the majority of the community. Correct me if I am wrong but there are very few signs of coming demand for the coin.
The risk is, Monero will be considered as fast mined by the late adopters who decide only adapt it in smaller scale or some even not at all as many will not want to participate making the early adopters even richer.
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Most likely Monero fails.
Invest accordingly.
The markets are telling us the probability of Monero's failure has risen significiantly.
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When people did not trust USD (free banking era, late 1800s), it was common to make debts payable in gold.
One of the most shameful acts ever in the history of central banking (not that it in any way lacks shameful acts to compare with) was to retroactively declare such terms void in 1933 (in addition to forbidding making new ones). So people who had lent gold to other people in full accordance with all existing laws, got only about half back.
I am telling this just to present the playing field. Unfair statutes have been made as long as government has existed, and will. The freeman's responsibility is to select the ones he wants to comply with. In this thread far too few have realized the name of the game, so please forgive the old grump.
Fractional Reserve Banking is profitable for an individual if (s)he knows how to play with it. For instance currently in Finland if you have income enough and ability to repay a loan you are able to get quite cheap financing from the banks. Even the fixed rates are low (around 3 % for 15 year fixed mortgage rate when I asked how much we would need to pay for the loan, it is cheaper of course if you do not fix the interest rate). Banks are lending up to 95 % of the value which means you can become wealthy if you have some money to put as downpayment and let your tenants repay your loan + interest. Personally I am willing to take as much loans as possible which I can get for these low rates, and not for consumption but for buying assets that the banks are accepting as collateral and getting a residual cashflow from those. I am usually the benevolent type but after your latest stunt I kindly ask you to chose another cryptocurrency for your speculation games. You are free to ask and thank you for doing it kindly, I appreciate it.  However, Monero works differently. It is slightly deflationary especially if the annual inflation is smaller than the average growth of productivity (in the long run). For this purpose, it is a smart move to hoard Moneros, not to dump them. In fiat system, it is a smart move to dump them and borrow as much as you can in order to dump even more fiat. In fiat system, also the economic growth comes from borrowing money and investing it in a smart manner. Each time I buy an appartment for cashflow I pay all sorts of commissions to sales people (real estate agents in form of purchase price, mortgage brokers and tenant brokers). If nobody took in the current system loans and invests, the people would suffer even more from economic decline Europe is facing now. And I am not talking about borrowing money in order to buy watches, sport cars and expensive wines but real thing that brings utility to others. it is also smart not to hurt confidence in the currency you appreciate (for whatever reasons) by playing manipulation games to earn, at best, a couple of BTC. And provoke an avalanche of panic sells while doing so. Please be at least so honest as to acknowledge your doings. However I know it's the name of the game in crypto so why do I even bother. After all, the manipulation walls are real if you marketbuy them and set even bigger buy wall instead. That's the way in my opinion a rational player acts when (s)he sees a clear manipulation wall. |
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When people did not trust USD (free banking era, late 1800s), it was common to make debts payable in gold.
One of the most shameful acts ever in the history of central banking (not that it in any way lacks shameful acts to compare with) was to retroactively declare such terms void in 1933 (in addition to forbidding making new ones). So people who had lent gold to other people in full accordance with all existing laws, got only about half back.
I am telling this just to present the playing field. Unfair statutes have been made as long as government has existed, and will. The freeman's responsibility is to select the ones he wants to comply with. In this thread far too few have realized the name of the game, so please forgive the old grump.
Fractional Reserve Banking is profitable for an individual if (s)he knows how to play with it. For instance currently in Finland if you have income enough and ability to repay a loan you are able to get quite cheap financing from the banks. Even the fixed rates are low (around 3 % for 15 year fixed mortgage rate when I asked how much we would need to pay for the loan, it is cheaper of course if you do not fix the interest rate). Banks are lending up to 95 % of the value which means you can become wealthy if you have some money to put as downpayment and let your tenants repay your loan + interest. Personally I am willing to take as much loans as possible which I can get for these low rates, and not for consumption but for buying assets that the banks are accepting as collateral and getting a residual cashflow from those. I am usually the benevolent type but after your latest stunt I kindly ask you to chose another cryptocurrency for your speculation games. You are free to ask and thank you for doing it kindly, I appreciate it. However, Monero works differently. It is slightly deflationary especially if the annual inflation is smaller than the average growth of productivity (in the long run). For this purpose, it is a smart move to hoard Moneros, not to dump them. In fiat system, it is a smart move to dump them and borrow as much as you can in order to dump even more fiat. In fiat system, also the economic growth comes from borrowing money and investing it in a smart manner. Each time I buy an appartment for cashflow I pay all sorts of commissions to sales people (real estate agents in form of purchase price, mortgage brokers and tenant brokers). If nobody took in the current system loans and invests, the people would suffer even more from economic decline Europe is facing now. And I am not talking about borrowing money in order to buy watches, sport cars and expensive wines but real thing that brings utility to others. |
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When people did not trust USD (free banking era, late 1800s), it was common to make debts payable in gold.
One of the most shameful acts ever in the history of central banking (not that it in any way lacks shameful acts to compare with) was to retroactively declare such terms void in 1933 (in addition to forbidding making new ones). So people who had lent gold to other people in full accordance with all existing laws, got only about half back.
I am telling this just to present the playing field. Unfair statutes have been made as long as government has existed, and will. The freeman's responsibility is to select the ones he wants to comply with. In this thread far too few have realized the name of the game, so please forgive the old grump.
Fractional Reserve Banking is profitable for an individual if (s)he knows how to play with it. For instance currently in Finland if you have income enough and ability to repay a loan you are able to get quite cheap financing from the banks. Even the fixed rates are low (around 3 % for 15 year fixed mortgage rate when I asked how much we would need to pay for the loan, it is cheaper of course if you do not fix the interest rate). Banks are lending up to 95 % of the value which means you can become wealthy if you have some money to put as downpayment and let your tenants repay your loan + interest. Personally I am willing to take as much loans as possible which I can get for these low rates, and not for consumption but for buying assets that the banks are accepting as collateral and getting a residual cashflow from those. |
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Nice dumpage  Okay, I put 24 k manipulation and fake wall on 0.0232. I hope to see some panic and fear now. So panic and fear happened, now what's your plan? Someone got margin called? The plan is now to waite until this calms and then start bidding it back up like crazy. The good news is it did not fall below 0.002. However, now I am looking forward if it dips below 0.002... And buy obviously. Nothing has changed in Monero but the price. |
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Okay, I put 24 k manipulation and fake wall on 0.0232. I hope to see some panic and fear now. |
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Okay looks like I need to start buying also.
I have plenty of money left now for Monero so there will be a competition. Today I purchased only a small amount but now I am thinking restarting the real accumulation so please put some coins for sale.
Perhaps I should put a manipulation wall also, what do you guys think?
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Somebody put a sell wall at 0.0023....  |
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Do you think that the current sudden and big monero pump, is just a precursor of an imminent large dump? Or maybe rather, ppl buy suddenly for some other reason?
If the pump is large (like 10+ % per day) it is unlikely to hold. As long as the growth is gradual, the trend should continue at least if it plays the same way it has played recently. I would personally not be that worried about dumps when the bottom is this close. It is more dangerous area when the price is 0.003 and especially if it spikes there too fast (like in 24 hours). On spring the price continued to pump slowly slowly to 0.003 and after it shot over night to 0.004, we had dump. That type of rises I would personally worry. A few percentage up when the price of the coin is only 0.50-0.6 USD/piece IMO are not that dangerous. That's my 0.002 XMR. |
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Been buying a couple more coins. Any idea where will be the next level of resistance? you're not alone, as for buying and wondering Chartwise the next level of resistance is 0.0025 and if we go beyond it, the next resistance level is basically around 0.0043 and if even this will be broken, then it is somewhere around 0.0058-0.006 from summer 2014 where Risto dumped 100 btc's worth of Moneros. |
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Been buying a couple more coins. Any idea where will be the next level of resistance? |
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