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1701  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2015, 12:20:24 PM
I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first.

 Cool

If the price went back to 0.0015 I would be getting seriously tempted to crack open some old cold storage (early 13 cold storage that I didnt even really think of breaking into during Nov 13 bull run!).

We can dream I guess, I did get some bids filled around 0.00235 which is where I predicted this pull back would hit. Not as much as I'd like though so keep dumping people.

Props for calling that! I think 235k will serve as a good locol bottom to resume the uptrend later. Rpietila also mentioned 235k is an important fib level. Although I would prefer if we would go a bit less violent next time, but you can't really control markets and if it soars it almost always overshoots (possibly due to FOMO).

@Rpietila, you remind me of this guy -> https://vid.me/ima7. We all know what happened after  Cheesy

I am actually glad if we pump also since I have coins that I want to sell. 0.0043 is not a problem for me - I make money also with that price.  Grin
1702  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2015, 12:13:03 PM
I agree shorting is not good. However I wish people are not having long positions either if this starts to get really ugly...  Wink
1703  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2015, 11:58:26 AM
I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first.

 Cool

I do not often agree with RP but I think now is the time.
I have still coins for sale if you want to pump it higher - and I am even thinking should I break the bull market...

Nobody knows how many coins I have and that's the beauty of the game.
However, often people have been able to make money by following my actions so let's see if the smart money starts to move away from Monero and let me increase my position. If not, I am satisfied - anyway I sold high the coins I bought low.
1704  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2015, 10:40:46 AM
I have much more than 18 000 XMR. In the future I do not know but let's hope nothing happens which would force me to sell too early to make the expensive mistake.

I'd be surprised if you had more than 5000 XMR.

Lol.
During the past 24 hrs alone I'be sold more than 14 k xmr.  Grin
And if you want to buy more, just put some buy walls - I still have some coins which I can sell.
I hope to buy back some  coins lower. Let's see if I am successful.
1705  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2015, 08:37:20 AM
I really hope the price stays above 0.002 so that we can maintain the bull run.
Now there are so much dumping taking place in the markets.. What is currently the critical price for maintaining the bull run?
1706  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2015, 06:30:01 PM
I like the fact that people are talking about 2000 usd Monero price - even though many are pretty critical towards that price for Monero.
...
So far you are the only one mentioning 2000, as far as I read. No trollness intended.
Can you tell me why you think so and where you read about the others mentioning that price?
tia



Besides the fact that you are most likely planning to sell .003-.004, if everyone had their XMR stored in cold storage, it's not a currency. If you ask Fluffy about what he sees as the future, it's in transactional value and shouldn't be treated as a speculative investment. It very well could be a store of value but to get there almost certainly needs an economy behind it (people willing to buy and sell XMR for goods and services). There needs to be utility and that's not something you're magically going to get if everyone cold-stores coins.

No one is going to sink a million dollars into accumulating coins if there is no means of actually getting out when they need to. You're also assuming that no one is willing to part with coins along the way, even with the price sitting that high. You can bet your sweet ass there will be substantial supply available should XMR even reach levels greater than $100--hell, at this point, there most certainly would be supply available above $5-$10. If it pulls a bitcoin in terms of the size move it makes, there will be plenty willing to take profits on 10x their return knowing that the future is unknown and the gain is already better than anything you are going to get elsewhere. It doesn't mean there won't be those that continue to hold, no different than the select few that held BTC all the way to >$1000.

I have not pre-set any trading plans.
If I see the markets cannot take a certain price or higher, then I sell. I am not stupid that stupid that I would hold something that decreases. My next selling target might be at 0.003-0.004 or it can be 0.04 or 0.1 or even higher. I do not like setting prices since surprisingly things happen and crypto is not like gold bullion in the sense of price setting - Crypto do not hold any intrinsinct value like gold... Its value is based on supply and demand, nothing else. When there is a reason to speculate more demand will enter, I will take a position and become bullish and vice versa. I am pretty open about this. Why should I hide it even?

Monero can have value also as a store of value. Monero has inflation which lowers over time and that is something people who are concerned about inflation loves. Therefore Monero can have value other than transactional currency. I think Monero will both be used as a method of payment as well as a store of value.
If 18 million Moneros will be held as a store of value we can transact very well with the rest of Moneros. We simply buy our toys with fractions of Moneros like people did when bitcoin was 1000 usd.
1707  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2015, 06:21:11 PM

I've picked 2000 usd Monero price to be safer and more conservative..
I agree not many here fully realize fuller potential of Monero. People tend to assume coin maximum can reach 10 times higher price than the current price, which is pretty understandable since people in general are used to 5-10 % annual ROI from US stock markets. Therefore speaking about the potential of Monero (or any other crypto that has something to contribute to the society) is something we really has not seen yet to come true.

 
 
I think someone like yourself should aim to hold at least 18,000.  If you weren't 1/1,000 and here this early in the game I would be sad for you.

I have much more than 18 000 XMR. In the future I do not know but let's hope nothing happens which would force me to sell too early to make the expensive mistake.
1708  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2015, 06:19:13 PM
TC
thanks for sharing your point of view.

I've still got the unanswerd question where you read about others calling a price of 2000.
Thnx again.

Nobody calling that price besides me but as I told, my IQ is only 106 so perhaps that's the reason.
Risto mentioned this price in Polo trollbox like 1 year ago... And people are talking about my price target of 2000 usd. It may not happen also but I see it as a possiblity meanwhile many thinks it is impossible.
1709  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2015, 05:13:41 PM
I like the fact that people are talking about 2000 usd Monero price - even though many are pretty critical towards that price for Monero.
...
So far you are the only one mentioning 2000, as far as I read. No trollness intended.
Can you tell me why you think so and where you read about the others mentioning that price?
tia

Perhaps it is due to my low IQ - only 106 1-2 years ago when I measured it - but I see 2000 usd Monero price possible. Or even higher - do not get me wrong.
I do not think it will happen like 1-2 days but it definetely is possible in few years. Bitcoin reached 1200 usd in less than 5 years. Monero can do it even in shorter period as Monero do not need to bear the weight of first mover (Monero community reached the current size faster than bitcoin reached the same number of users/holders as the community was not crypto virgins).

Simple mathematics is my main reasoning, however it requires a few assumptions and if those will not be fulfilled it is rockier road to reach the 2000 usd (or higher) price.
One thing we need is enough coins stored in  cold storages/held unused. Let's assume, all the coins that will be mined before the tailed emission is stored in cold storages by different users.
Then we have the minimum block reward which is 0.1 xmr or so if I am not mistaken. That means, daily emission is 60*24*0.1=144 coins.

Then there is only 1 million usd that wants to buy Moneros daily. This leads the relative price of Monero is 1 000 000usd/144xmr = 6944 usd/xmr.

I've picked 2000 usd Monero price to be safer and more conservative..
I agree not many here fully realize fuller potential of Monero. People tend to assume coin maximum can reach 10 times higher price than the current price, which is pretty understandable since people in general are used to 5-10 % annual ROI from US stock markets. Therefore speaking about the potential of Monero (or any other crypto that has something to contribute to the society) is something we really has not seen yet to come true.

I consider Monero as an investment such as Microsoft has been for Bill Gates. When he started with Windows it was a company of one man. Now (almost) every company has Windows as their operating system not to mention the general population who has Windows in their PCs.
Monero is now like Windows in early stages to me (time before it was listed publically). When stocks are listed many founders of the compnies cash out - for them the most ROI potential is reached when the markets give the fair value for their businesses. When the company is listed, it starts to give the small 5-10 % ROI annually to which the sheep is used to.
1710  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2015, 03:56:23 PM
I like the fact that people are talking about 2000 usd Monero price - even though many are pretty critical towards that price for Monero.
I have given arguments why it is possible that Monero reach it (I am not saying it is most likely taking place but certainly it is possible).
However, the people who critisize this view never gives even one argument why it is not going to happen. The best arguments against that is "It will not happen because it is TrueCryptonaire who says so" (meanwhile TrueCryptonaire is one of the view who is right pretty often - not always but often).

Actually the amount of sceptics is making me even more bullish as there are still many people who need to adapt to Monero.

If you want to make money you usually need to be ahead of the mainstream, but also it is important that the mainstream is following you, but only later when we have reached the higher price.  Grin
1711  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 06:05:10 PM

oh, it's you again.  Huh
1712  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 05:57:10 PM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.

When Monero is 2000 usd each, you do not care less wether you paid 0.70 usd or 0.60 usd for your Moneros do you.

1-6/7=14% is a pretty heavy chunk.

You are right.
If you are able to acquire 100 000 XMR for 0,70 usd each, it is 116 000 XMR and if XMR costs 2000 usd each in some point in the distant future, the difference is significiant (32 million usd).

However, the challenge is to buy large amounts in quantities at low price as there is competition. For instance, I have been silently accumulating during the bear trend and I am planning to make some bigger accumulation.
1713  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 05:18:19 PM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.

When Monero is 2000 usd each, you do not care less wether you paid 0.70 usd or 0.60 usd for your Moneros do you.
1714  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 01:13:06 PM
My speculation:

If we do not make new ATH during this rally, my speculation is we are now around the bottom of the dump that is followed by this uptrend.
If we make new ATH, the bottom will be most likely significiantly higher than the current level.

Seldom I agree with TC but now is the time. Once 280k is breached to the upside, it will act as a strong support to the downside, catching the bottom. The lowest flashcrashes in this event would be around the current level.

Where is Alanis Morrisette? The level of safety comes after a parabolic rise?  Inconceivable!

Monero is so cheap and still scarce that if it starts getting even 1 serious buyer who wants to invest 100 000 usd the price has to rise. If the price stayed at the same, one would be able to collect a nice collection of Moneros for 100 k. However unfortunately that's impossible to hold it back.
It is time for more stable growth when the price goes beyond 100 or so usd per coin.
1715  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 11:40:36 AM
My speculation:

If we do not make new ATH during this rally, my speculation is we are now around the bottom of the dump that is followed by this uptrend.
If we make new ATH, the bottom will be most likely significiantly higher than the current level.

Seldom I agree with TC but now is the time. Once 280k is breached to the upside, it will act as a strong support to the downside, catching the bottom. The lowest flashcrashes in this event would be around the current level.

If 280k is broken to the upside   Wink

Though we stabbed through 0.00267 resistance the market clearly wants to take a breather/pullback a little here.

I hope you did not sell (or if you did, then try to get it back)...

https://www.youtube.com/watch?v=mQR0bXO_yI8
1716  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 10:09:35 AM
Ouch, looks like dash/drk/whatever its called this week is being delisted from Bitfinex.

All in leverage short lol.

But seriously, making room for XMR Bitfinex ?!  Wink Wink

Darkcoin was delisted due to lack of volume.
Monero is no better at the moment (yes, 670 btc has been traded during the past 24 hrs in Polo - but before that there was a long period when the volume was dead).
Monero finally needs volume to be listed in exchanges so that those businesses have financial incentive to add Monero.
1717  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 09:02:54 AM
My speculation:

If we do not make new ATH during this rally, my speculation is we are now around the bottom of the dump that is followed by this uptrend.
If we make new ATH, the bottom will be most likely significiantly higher than the current level.
1718  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 08:33:44 AM
Why the shit called DASH costs $ 3.30 and a good coin called XMR costs only $ 0.70?  Let`s push XMR !!!

It is known as a buying opportunity.
Monero deserves 10 usd this year if you ask me so if this happens also Monero gives nice ROI for those smart ones who buy it below 10 usd.

P.S. Today's position increase: about 400 XMR.
1719  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 07, 2015, 06:33:08 AM
I messaged Erik yesterday and gave him my best pitch for Monero. 
 
I wonder if a lot of that noise today was him trying to establish a position? 
 
If that is you, go easy brother; we're not on a moon-rocket just yet.  You have time to acquire a stake over the coming months.

Even if XMR establishes over 0.0111 it is still around 3 bucks per coin.
It is like buying bitcoins in 2011-2012. Assuming of course that Monero project succeeds at least in the same extent as bitcoin -project.
However, I would count a lot on network effect. The nice bull run and a serious marketcap will attract smart ones to XMR + it will attract money obviously. If the vast majority of coins are locked into storage rooms it makes the tradeble number of coins pretty small and gives room for a bull run like we have never seen before if even one or two bigger guys buys into this. After all, to buy in one shot the whole sell order book in Poloniex costs 3500 BTC. For additional 10 000-20 000 BTC you probably can get the coins from the sidelines as well. If 25 000 btc is poured on XMR it means only 6.9 million usd which is nothing IMO. Only one richer guy could make it or a few semi rich guys can bail people out from Poloniex IMO.
1720  Alternate cryptocurrencies / Altcoin Discussion / Re: Dash (formerly known as Darkcoin) has been dropped from Bitfinex on: August 07, 2015, 05:18:38 AM
Too bad there's no way for me to short Dash on Bitfinex. Dump incoming.  Smiley

Try Poloniex.
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