Another thing that could be different this time around is that there is leveraged trading.
I currently lend a significant sum of btc on bitfinex but am definately considering moving some to Polo, especially if it will add fuel to this rally.
I agree margin trading can make XMR much more interesting. It basically enables people borrowing bitcoins endlessly as long as the price moves to their favor. When the price goes up, the existing position + initial investment frees you more collateral for new loans and thus you are able to pile up a chunk of loans and that excessive borrowing can potentially drive XMR to some pretty extreme highs. I think the current volume and uptrend is also something the Chinese people love. Definetely good timing to start a bull trend and bring some volume so that we are able to get the coin listed to Chinese exchange(s). |
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TWENTY-FIVE'S ARE PAINTING!?
WHAT THE HELL IS GOING ON. WAT ARE U GUYS DOIN.
STOP IT.
I wanted to get some more funds together and buy some more Monero in the low 200's. Son of a....
Look, I think we all know this Monero thing isn't gonna work out. Ummm.... the developers are scamming..... and umm.... lack of GUI. Damn, I'm not very good at this.
Look, just stop buying Monero for a little bit until I get some more funds together. OR MY FUD CAMPAIGN WILL CONTINUE.
We are near the resistance zone so if you are able to collect the funds soon it is possible to buy from here or close to the current prices. To be honest, XMR is a good buy even 100 usd/xmr if you are here for long haul (not years but decades). However, 100 usd is so modest for XMR's target that it can be reached in 5 years or so.  BTC did it in 4 yrs. XMR has second mover advantage. Just saying. |
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I am planning to buy soon 300-500 XMR more if the price dips within the upcoming hours.
Edit: thanks.
I'm sure your ask will be bought any minute now and you can start the doom and gloom. I've bought today 1800 XMR and sold only 800 XMR so I have been a netbuyer of 1000 XMR as I told. Disclaimer: the numbers are rough numbers, not exact. |
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I am planning to buy soon 300-500 XMR more if the price dips within the upcoming hours.
Edit: thanks.
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Glad nobody bought my Moneros... If it drops, I will be there for the coin. Been scooping approximately 1000 XMR also today (more than 5 % of today's emission) and I am happy for each of them.  |
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Cmon guys I said dump not pump, whats with all the competition?  So I can't imagine there will be many profit takers sub .003. Seems more like time to buy back in level and see where this goes? I've sold already once in about 0.003... Why should I do it for the second time? There are now middle sized buyers in the markets. Waite until there will be large ones... Then it could take us much more on daily basis. The most important thing is to keep in mind not to sell too early. |
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My speculation:
I lifted my trading/marketmaking sell a few hours earlier since Monero looks strong right now.
The bull trend is pretty early and as said, the ressitance is 10-15 % ahead from the current price level.
For an accumulator the resistances are sweet spots to hoard larger amounts.
Current level is a miniresistance but the volume is here right now so I would not be surprised if we would reach the next resistance zone in upcoming days.
I hope the liquidity stays in the markets.
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I dont see any value in Monero... Im not pedo, I dont wanna do all my money managing in secrecy like Im doing something wrong, that can only bring more problems/police into my life. I hope that crypto will be able to become legal, and will help with transparency and lesser the corruption.
"I don't see the value of free speech, I have no intention of hosting a KKK rally. I'm fine with not being able to speak freely about what I think; it will only bring more problems into my life ." That's how fucking stupid you sound. I like how you guys just keep going back to "free speech is exactly the same as muh anonymous coin" Explain how this level of anonymity is relevant to the average person? And do keep in mind that for a long time now money has been monitored in nearly every transaction. Again, look up and read what I wrote about bad guys. You do not want your cryptocurrency balance public anymore than you want your bank account balance public. Just because we've gotten used to the idea that money is public, doesn't mean that anyone should be comfortable with it being public. Here's a quick mental experiment: You have the option of using one of two banks for your business. The first does not disclose any of your account information without your express permission, and the second posts your account holdings and transactions online irregardless if you are buying groceries or paying for treatment of testicular cancer. Which bank are you going to use? Information is power and I'm not handing mine over without so much as a conversation. Look at what I said about the so-called bad guys. They are not relevant to the average person, meaning XMR or any other of the coins like Monero aren't relevant to average person You're point about balances being public isn't true at all. Some people believe that one of the big advantages of Crypto is being able to see transactions and balances with the blockchain. The situation you described is a choice between two rather impractical banks, and doesn't seek out the third option of finding a bank that offers the best from both worlds. Have you made a research what is relevant for an average guy or on what bases your claim privacy is irrelevant for an average guy? You see, Monero is like digital cash. You cannot track the transaction or at least it is hard to do if you do not voluntarily want to show your transactions. If you are broke, then perhaps privacy doesn't matter so much but immediately you have some funds you have an incentive not to reveal it to anyone. You see, showing your wealth just attracts thieves and parasites. |
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"BE LONG, STAY LONG" Hello all! Thought this would be an appropriate time to share: On 7/10/2015 we (BullBear Analytics) issued a trade idea - **Monero ProTrade [Issued on 7/10/2015]**: Get long at current levels, ~0.0018, with a stoploss at 0.00165 and an initial target of 0.0026. The next level of resistance would come in around 0.0035 if a breakout occurs. Then on Tuesday, we issued the following report: https://i.imgur.com/tkVytsK.pngThese reports are for Premium subscribers only, but I wanted to share with the community this time around We are not there yet, but things are looking very good technically. Reply if you have any questions or comments! Cheers! bullbearanalytics.com You can make money also by following me. It is a premium thing but for free. |
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Looks to me xmr is being used as an hedge against btc.
In other words; btc down, xmr up.
Can someone confirm my thoughts on this?
thnx in advance
If Monero succeeds it will go up regardless of bitcoin. Monero should not be dependent on bitcoin - the only connection is you get less btc with your fiat if btc goes up and therefore you are able to pour out less btc also on xmr. I have sold some coins and was able to fish almost all of them back with a nice discount of around 5 %. And I am willing to increase my position if you guys feel like dumping.  I have some btc left that I acquired today waiting for you all ye dumpsters. |
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XMR liquidity in the Poloniex exchange is low. I need to make some high-volume trades for a client who requires public record of the transactions. So how about we all slowly gather to Poloniex, and are ready with our XMR so that the trades can happen?! When are you planning to do it? My ask price of coins that I am swing trading goes up 5 % on every Friday. It is possible that the wall at 0.002 is mine and wants to acquire more coinX. So please dump into it and if you have more, ask for a bigger wall! Unfortunately you need to significiantly rise it, and my intention at least now is not to dump even my trading position. The idea of trading is to make money, not to lose it. And these prices the sells are pretty modest (only in hundreds of coins) and as long as we are under my selling zone I am buying daily also. |
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Is it just me or this community getting slightly stupider?
Monero has a great reputation of being comprised mostly of geniuses, nerds and political freethinkers (whereas Dash on the other hand has a reputation of being comprised mostly of pot-smoking retards.)
I guess it is true that as Monero becomes more widespread, then more mainstream elements will inevitably permeate, bringing down the overall IQ of the community.
But seriously though, might we try not to rush it?
Also, I speculate that XMR will be aggressively dumped as the price quadruples - a good thing. Else in 4 years from now, people will not want to buy into XMR because of the 'knowledge' that it is mostly comprised of huge whales that could dump the price at any moment - a phenomenon that by then is known as "Satoshi's Dump."
The community is comprised predominantly of many individuals with IQs that range from 150 and 210. Nevertheless, the moment I joined it, the average IQ suddenly became 84. I'm not sure how that happened, but you can't argue with math. Also, I believe any new cryptocurrency will experience a Satoshi's Dump scenario.... you aren't going to get the whole world to agree on a set cryptocurrency to all begin mining at the same time in a truly free market. There will always be competition and some people will see the winner before others. As was said (I believe) a long way back in this thread: If you're idea of being rich is a garage full of exotic autos, and throwing money out of your private 777, please speculate with other coins. Because unlike them, Monero may actually make you rich and it would be nice to have a responsible and philanthropic 0.1% for a change. The threat of Satoshi's Millions isn't a threat because just like you don't worry about billionaire's "dumping" their fiat (yet, lol), by the time Monero gets big enough to matter there isn't going to be a threat of the early speculator's dumping out of Monero.... because they will be able to transact entirely in it. I am between you and the rest of the community as my IQ is only 106 when I measured it 1 or 2 ago with MENSA's test. However, I am able to study in university of Helsinki at the faculty that rejects over 90 % of the appliciants. |
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We saw 1000 usd btc price thanks to manipulation. Otherwise probably we would be around here at the peak.
However I agree with Americanpegasus that XMR need never to go down.
It is possible to achieve by having bigger community that is able to suck all the coins that are trading 1-2 % dumps + some more acquiring.
When the economy matures, there will be people acquiring Moneros via working which creates value for the coin and helps thus the marketcap (assuming of course Moneros will not be dumped immediately after receiving when the value net effect is close to +/-0). The other way to increase the market cap besides people working to get salaries in XMR is to do business and take at least the proceedings in XMR.
Now we are very early state when the most value is created by bagholders who buys coins, store them into the deep-frozen storage unit for minimum 10 yrs.
Imagine if only 0.1 % of all Moneros will be in circulation and the new adopters will need to compete for those coins, and those are the only coins people spend on toys - that would be just enough and the price of Monero will go up up and up which encourages even more hoarding (just like gold bullion used to be in barbaric era when it was used as money before they invented fractional reserve banking and took the connection of gold and money away).
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XMR liquidity in the Poloniex exchange is low. I need to make some high-volume trades for a client who requires public record of the transactions. So how about we all slowly gather to Poloniex, and are ready with our XMR so that the trades can happen?! When are you planning to do it? My ask price of coins that I am swing trading goes up 5 % on every Friday. |
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Dude, I have probably traded more XMR in Poloniex than you. I am saying that there are certain practical limits for entering/exiting a position and one is that if you don't normally have trading volume, and suddenly want to buy/sell a higher % of the daily volume than 5%, it affects the price. You can try it safely any time by deciding a 2-week period, and trying to buy/sell 70,000 XMR at a better price than the weighted average during the time.
You can't do it.
As for the rest of my post, I am trying to bring the voice of reason and introduce scenarios that have let's say at least a 50% chance of actually having happened last summer. The others can bring in the theoretical edge cases, if that's their speciality.
Of that I have no doubt. But hang on I thought you didn't sell any  In general and weighted over 2 weeks I agree with you. During the 1000btc volume days however it certainly was possible to exit 5% of the daily volume over the weighted average for that day. I've done it! And it is irrefutable that it was possible to sell more than 6k XMR over 0.00865, again I did it. The average is not weighted by volume. 99% of the daily volume could have been at 0.009 and above. With a daily candlestick it is not possible to tell, it is only possible to tell what the average price on that day was, the open, close, highs and lows. He sold at 0.0058. |
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Recently as Monero has declined the volumes are low but when the price rises the volumes are usually larger. This shows to me the bears are weaker than the bulls. A part of the reason for this (who wants to dump XMR at these lows) is the declining block reward which has dropped almost 50 % from the launch.
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kenji's mental breakdown post was removed
He needs to book an appointment from http://dr.mindsci.com/This guy is one of Monero Merchants. |
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If you are dreaming of a new car I think better to buy Moneros instead. I am not saying Doge is bad but rather Monero is good pick. Nor doge, nor monero, nor any other digital coin will arrive such fantastic prices. They worth only for they developers even if it will be heard their words at the moment of their creation those are to important and particular. They serve only that their developers make money listing those in various exchanges. They live a few and then exist only as a names. Maybe doge is not in this situation but most of them yes. A good point that shitcoins are valued only by the preminers who are usually the developers. However, Monero is not such as the developers have purchased their coins from the markets along with others. The fact that the there is a conflict of an interest between the developers and the investors is exactly the reason which distracts me from a coin. When the goal of a developer is the same as mine (like in case of Monero where some of the coins the developers bought are underwater), I am interested. That's exactly the reason why I am not investing in Darkcoin. It is considered as such a scamcoin premined by the developer(s) and then listed in exchanges. Yes, I could have made some money by investing in Darkcoin but the fact that the developer is capable to dump all his shit on the investors when there is at least a little meaningful liquidity, is something any prudent investor should be afraid of and run away and also warn others. The more there are people getting burned, the less there will be investments for legit coins/projects such as Monero. |
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Peter was right to call Dash snake oil. Dash's dev has dropped his plan for masternode blinding. Privacy is no longer a concern for Dash as it tries compete with Visa and Bitcoin as a centralized payment rail. All that 'anon stuff' was thrown out along with the Darkcoin brand. Visa is better since you can borrow money for free from them and invest your own money to the shares of Visa earning dividends. |
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If you are dreaming of a new car I think better to buy Moneros instead. I am not saying Doge is bad but rather Monero is good pick. |
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