Time to short to recover 7k losses
Jeez, I hope you didn't short. 1850 was probably the time to buy. I didn't catch it, risked buying back some at 1899, but could not move fast enough for 1850, it was there for no time at all. Where are the 'BTC is not volatile' chaps right now? Oh, and if it it looks like a bubble and acts like a bubble? It's probably a bubble - anyone not selling a few on the way up was deluded, a correction was obviously possible, even if the bull-trend is not broken. Not much fiat can enter over a weekend and with some serious parts of the world on a three-day weekend, it was a great time for a dump. They don't say 'sell in May and go away' for nothing. Edit: spelling. |
|
|
|
I was at the NYC event. The most blatant market manipulation I have observed was the smear campaign which followed. I have been quiet because I don't like to encourage people to sell, because they will probably harm themselves if they do so, yet I anticipated that the reaction cycle would be adverse to price, once I saw the event, so I have been lying low. I have now begun to buy again, and so I feel my influence is now less likely to harm anyone.
I am still very saddened by the intense negative emotion that has been expressed here. Surely you must see that such effusions are harmful to yourself. While you cannot undo the damage you caused to yourself, at least learn from this, and do not let facile emotions dictate words and deeds so incautiously in future.
As for fluffyponyza's tweets, I think they were very ill-considered. It seems particularly poor taste to say that pre-announcements would be unethical, after having made a pre-announcement. The fact that it was intended as a deceit does not make it more ethical. The logic of that is so bizarrely twisted that it saddens me.
I think the marvelous progress made by endogenic on iOS and Android support is the truly newsworthy part of the presentation. Surae's discussion of the process of cryptographic review was also of greater importance than fluffyponyza's troll. Unfortunately these are being overlooked, because they can not be exploited to make you puke up cheap coins.
I am glad you have posted on this and your response is reasoned and about in line with my own. Yes, I think a lot of the reaction was OTT, but personally while I know what he 'meant' and FP's little joke was not existential, the ill-judged nature of it has created a bad atmosphere and a ton of troll fodder that it need not have. Monero is still a great project and this won't change that, but by creating confusion and the potential accusation of pump and dump scam (even if inadvertently) was foolish. That is about it. but one more small point: I could do without people high up from 'Monero Mountain' with wine glasses in hand sneering at people who are genuine supporters of this project and deserve better. It only serves to entrench resentment, not heal it. |
|
|
|
Well, it seems that XMR has hit a bit of a dump, although it's probably only the eye of the hurricane (the "hurricane" as in XMR pumps) at the rate it has been going. I sure am glad I'm holding Monero.
It's a little dump before a little pump comes up. I'm sure the price will be hitting 0.018 BTC or something within an hour or two, as a little correction. Pretty much on time. Respect.  |
|
|
|
You are right and I remember it well, but the flaw in this analogy was that he wasn't saying Monero is crap and patently he doesn't (and we don't) think so. He was saying the likes of 'forthcoming announcements' (rather than working on good tech) is just crap - and to not expect this from him.
I get it, though I grant you that he could have made the point some other way given that hundreds of millions of dollars are involved.
Could he have though? I've seen this sentiment a lot since the troll job went down, but what evidence is there to support it? He's said since day 1 that markets are irrational and don't get caught up in the pumpers games. To trust the tech not the personalities. And yet still people are just here to ride the pumps. They don't care about the fundamentals. As evidenced by his "troll". If he could have gotten his message across some other way, well then this pump wouldn't have been as crazy as it was. By the very act that it happened it proves that this was the only way to really make his point. A cryptocurrencies value is not in the personalities behind it. It is not in the pump potential. It is in the tech, plain and simple. People can be coerced, they can be manipulative, but the code doesn't lie. I don't think you - read my posts back. I have no problem with him saying it. But saying in advance there was an announcement coming was a tease. He must have known it would affect price. It didn't bother me overly he said it - I even respect it, but doing it as the punchline of a joke has not exactly gone down well, and since he must have known it would not, it was perhaps a little reckless. TLDR? The message was fine, it is reasonably valid to question the delivery of it. That's all - spilled milk now. |
|
|
|
If you are a long term holder or contributor to the technology the whole speculator scene affects you little if at all, unless you choose to pay attention to it.
WTB long term holder XMR WTS speculator XMR From your nickname it sounds like you have the right package, but don't put all your eggs in one er... basket 
Yeah, well if you are a supporter and long time hodler you will know what the message behind those statements is  I think I do, was chasing Monero before it was on Polo, I remember when the name was decided.....
Well, then sit back, have a cup of tea and wait for the bloodbath when BTC retraces --> weak hands = cheap XMR
I don't intend to wait until the bloodbath, I like to sell too early
XMR or BTC
A little sensible profit taking in both, after nearly five years? About now will be as good a time as any (other than 'too late' time), since if BTC does crash, I will kick myself. If it doesn't - and if it goes up more after, what I have left in the game will still bring me some benefit. It's just trying to minimise tax that's the headache... I have come to the conclusion it's less complicated to just pay up, rather than wait until clever pension stuff is arranged, which I have just found could take longer than the BTC bubble might last. EDIT: Quote tidy up! |
|
|
|
|
All the candles from the one hour out to the last 6 hour are green. Just sayin'
|
|
|
|
Well, then sit back, have a cup of tea and wait for the bloodbath when BTC retraces --> weak hands = cheap XMR
I don't intend to wait until the bloodbath, I like to sell too early |
|
|
|
I don't fundamentally disagree that the tech is more important than investors. I am personally not at all upset. However, I can see some people who have supported this through thick and thin are a little pissed off. For them, it's one thing to not care, it's a step further show it having a joke around at their expense. |
|
|
|
Honestly i do not get what some of you guys are up to  fluffypony didn't do anything wrong, if you believe twitter posts, America will be great again. Just cool down a bit, and let the tech do it's job. In terms of speculation, this was an ordinary pump and dump driven by lending and some guys who took out their profits. Take a look at all other coins, which really were pumped like hell without, and that is my opinion, any usecase at the moment speaking. I don't see any darkmarket accepting ETH or BCN. In the long term XMR is going to be a good investment in the future, just stay on the path, your original thoughts and strategy Agreed. Plenty of worse and far more reckless things have been said on Twitter of late. Perspective is important. |
|
|
|
Which ever way you polish this particular PR turd, it remains defiantly a turd.
Even if so, this event is highly overrated and as soon as everybody gets it, we can move on. What is there to 'get'? This situation reminds me of a guy called Gerald Ratner -- in the 70 and 80s he had a large chain of jewellers across the UK built up over decades and worth millions. He catered for the low end of the market lets say cheap and cheerful. In an interview with some periodical he casually let slip that the jewellery his shops sold was 'mainly crap', which it was, everyone knew. He didn't mean anything malicious by it, he was just being honest. But the quote was jumped on and became front page news. And that slip cost him his empire - the entire chain (no pun) was worthless within 12 months/two years and he spent his remaining life haunted by that quote. Business and investment is often run on the magic known as sentiment. You are right and I remember it well, but the flaw in this analogy was that he wasn't saying Monero is crap and patently he doesn't (and we don't) think so. He was saying the likes of 'forthcoming announcements' (rather than working on good tech) is just crap - and to not expect this from him. I get it, though I grant you that he could have made the point some other way given that hundreds of millions of dollars are involved. |
|
|
|
Woke up to this and actually laughed; it was a wind-up, as we who speak an earlier version of this global language would say. And I understand what he felt he needed to prove. It is not a 'black swan', nor is it 'theft' However, I think my own feelings are summed up by cAPSLOCKS's earlier post.
......
But I would say it is more apt than clever.
It's foolish and reckless, and possibly gives ammo to the trolls, yes. But from the guy who says 'Don't buy Monero' it is probably to be expected and since I really do believe he profited in any way - at least he hasn't sold his soul. We should have known he wasn't the type to tweet an 'upcoming announcement' and he probably shouldn't have done it. But it does make Monero a little different and it does teach us not to worship 'the great leader'. He isn't working for the price, he is working for the project and is not bound to please anyone. So we must bear in mind we cannot expect anything different in future. Yesterday's news, today's chip paper. Let's move on, Monero is still a great project. |
|
|
|
Polo volume today 10K BTC, buy side up, sell side down.
This looks good, less for sale, more want to buy - any news and it will blow ;-)
Is it worth stealing (out date) posts from others to up your post count? Polo volume today 10K BTC, buy side up, sell side down.
This looks good, less for sale, more want to buy - any news and it will blow ;-)
|
|
|
|
Symposium link not live yet...
Anyone know what's going on?!
FYI: coz of the room change and traffic etc. we're only starting the talks in an hour, announcement Tweet will happen as the room sees it. Damn, it's already past 11.00 here, my other half has an early start.... Gonna have to miss it. Good luck all. |
|
|
|
|
Symposium link not live yet...
Anyone know what's going on?!
|
|
|
|
... insignificant value compared to just being their, bags full, when the moves come.
Tz-tz-tz aminorex, I know this is a speculation thread going through an exciting period, but one must not throw away proper spelling, must he not? I'm only mentioning this because I know you'll appreciate it. Ha, I didn't want to say, not like him! Besides, 'he that hath no sin, cast the first stone' and all that - I am typo-tastic at times. Probably his phone did it |
|
|
|
Gotta love the volume - nearly 25K BTC today....
And the price is tasty and looking restless, sweet and compelling. Hard not to watch - who dares look away?
Funny you should say that... as somebody took a dump on our party! Yep - and I did look away, went to gab some food and stuff with the g/f! Not sure if it's a dump, or just a healthy correction, I reckon not lower than 0212 before a bounce back - too much support and news still to come. But what do I know? |
|
|
|
|
Gotta love the volume - nearly 25K BTC today....
And the price is tasty and looking restless, sweet and compelling. Hard not to watch - who dares look away?
|
|
|
|
A good Barolo is a lovely wine. I have had a Pouillac 1986 Chateau Latour that's been too valuable to drink for 5 years. I was given it and then I realised it was worth so much, I couldn't bear to drink it! I have waited for an excuse. If this is the price (or better) at this time tomorrow, I will open it. Cheers! That's one nice bottle you've got there. Sounds expensive... what's that, like 8 monero these days  A little less - around 5.... But hopefully less XMR by tonight... ;-) I am EST + 5, so I have to wait until 11.00? Jeez, better be decent news! |
|
|
|
Do the maths: Tell them our coins are not for sale cheap.
Mine ain't gonna be for sale even "expensive"... I'm still gonna HODL thru thick or thin, even IF we miraculously hit $100 tomorrow! (or if the news disappoints yet again and we see re-reversion to the $30's) Have fun doin' yer guys tradin' stuff though... I'll just be here, watching the pretty green candles with y'all anyway hopefully Hey - it's not a crime to buy the dips |
|
|
|
|
Amanda is just paid bait for nerds.
Since this is the speculation thread:
In other news, buy side increasing substantially and less coins for sale.
Perfect storm. This has legs, pull those unambitious sells on Polo and HODL - wait a little, gentlemen.
No sellers, more buyers and maybe some good news?
Do the maths: Tell them our coins are not for sale cheap.
|
|
|
|
|
Show Posts
