This is as good any any TA I have seen here of late, and reassuringly sensible.

None of the risible 'ATH in 30 days shit' just a reasonable term (with backup TA) to suppose the bull run continues over the medium term.

Respect.

The rest of my fiat is waiting for this to finish.  I don't think it has.

My last buy in was at 798.5.  Am now thinking we could see the 600s here.   I will leave a buy at 699.99 and go away for a few hours.  I hope my buy ain't hit, I fear it might be.

Good luck all.

Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower.

I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez!

I will try it, thanks - no-one in my office or on any device / phone can see it.  I guess it's taking time to propogate the new DNS around the net.

No problem with any other sites - but still can't get into Stamp - have fiat there and want to get in...!

Stamp is down again for me....  (UK)

Yeah - you doubled your bid. And it's only you bidding.  I reckon he should snap it up.  I though of bidding 1% over you on your first bid, but $1.01 would have been a little more than I wanted to pay. I decided against it, you're obviously determined to get it.

On Twitte, @Bitstamp says 'up in most regions soon..'

Not for me!  I can see some thin trading going on, but still can't log in (UK)

I guess that will be them partying with all the new money raised.  Might want to spend it on better DNS provision, guys

Don't get me wrong, I would love to.  Just point me to a place where I am going to see a sign saying 'WE ACCEPT MONERO' and I will be right there for the new wide screen I am looking at, or maybe that dinner.

It's not so easy though. Yet.  I hope it won't be too long until it is easy - supporting cards accepting XMR loading is the best I can do.  I note that some cards offer retailers the option (with BTC) of not cashing to fiat, but accepting it directly... unconverted.

From what they say, you can actually load XMR directly onto this card and it gets converted into currency - choose GBP / EUR / USD.

However, read up - loading up is a window that closes over time, you pay for the physical card (or less for a 'virtual card') and its lifetime use is limited to 2500 USD or GBP and no more.  Fees apply and you need to check them out thoroughly - but it looks like an unverified way to put crypto onto a visa card and simply spend it.  It's not anonymous, but it's not so deanominising, either.  My accountant won't say 'where did this money come from?' so often.

There are other companies and cards - Bitpay do one in the US only etc.  which is no good to me, I am not in the USA.  Uquid claim to take a whole range of crypto directly and convert it to cash on the card - pre-paid.

But note that I have not tried any of these cards YET.   I want to soon, but I am doing more research before I go for it.  All of these card suppliers (I found five or six on a good google search) seem to have Visa network access (very practical), but are not massive companies, often start ups.   Some of them hold crypto in a wallet off-card and some of them put fiat onto the card instantly at rates I cannot see (although they say 'no transaction fees' for load up with crypto).

If anyone else can report back on usage - particularly with XMR as the crypto, I would love to know.  If I take the plunge before I hear, I will pass on what I learn.

The main thing I seek is to spend XMR as frictionlessly as possible on a purchase without going through endless time-consuming transactions leading ultimately to my bank... to THEN spend it. 

At the moment I buy BTC with XMR, sell it - go via a registered exchange to my bank losing on exchanging costs and fees at each step. Also, while I am not necessarily seeking to hide it, it's ironic how 'visible' all these steps are in spite of me starting with 'private money' which I want to simply spend. 

It's early days, but taking my g/f out for dinner or a weekend away with a little fancy shopping and paying all in Monero via a Visa card would feel damn good... and probably get her to take my screen time a bit more seriously.

I agree with this on the whole.

I think simply put, BTC got fashionable in China as the Yuan's continual devaluation made BTC ever more attractive.  The sudden reverse in the rise was more to do with an unexpected sudden spike in the Yuan's value against USD, which wrong footed the market.  That might have been engineered by the PBOC, but it was a real financial markets event.

It was not FUD, not conspiracy, just plain old speculation, supply & demand and the big factor of... market sentiment

It's a volatile world and the next move is anyone's guess, I am not feeling so bullish that I see the ATH 'within days' but I don't see the long term bull trend as over just because we are back to the prices of a few weeks ago, either.

We do - and I am gagging for this to happen. I have been looking at prepaid CCs which you can load up directly with XMR - and to a certain extent they do exist (Uquid etc.)  However, anymore than around $2500 (or GBP) in the lifetime use of the card and you need KYC / AML verification, as well as a conversation with your accountant that will mean a proper and difficult audit of your profit and loss after many years in crypto.

I don't really want to convert XMR to BTC and then exit exchanges in USD which needs to be then converted to GBP (for me) to finally end up in my bank account for all who wish to ask me about the BTC I have cashed in. 

I would love to be able to buy directly in XMR, which would be great for developing an XMR real-world economy, but this seems an age away.

Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

We used to go up (in BTC terms) when BTC went down and vice versa.

In December we kept up our price in BTC and even increased it (in spite of BTC's rise) which was historically, a change.  The GUI (and new exchanges) were a huge factor in this, akin to the DNM news spike in late August - XMR hit a dollar value ATH. 

If I seem vague, it is because the degree of this 'coupling' is now unclear and it's hard to see what will happen from now on.  We seem to not rise and fall as other alts do and the hedge value we had (inverse moves to BTC rises and falls) is not so obviously there any more. We have dipped in USD terms massively since the peak just after Christmas.

The 'apparent' coupling during the Christmas rise (since we maintained our price in BTC terms relatively well over this period) seems to mean XMR has now lost price against BTC with its drop.  This is different and means a magnification of our value fall in USD terms - that is all I am saying.

TLDR:  I am trying to spot the new paradigm correlation between BTC and XMR price.  This is, after all a speculation thread.

And if that is not clear, you are free to ignore me - but I will not stop posting, sorry. I am interested in trends in the XMR price and discussion of this matters to me.

Yep, having that beer now. I am not pissed off at XMR price, it's way less stressful than watching the BTC price!

I was just hoping to see we might have 'decoupled' from Bitcoin and go up when it goes down (and vice versa) as it used to.

But my little theory we might now do this is unprovable (Grrr...) so we're kind of more dependent on BTC.

For now...

4 hours later, BTC dumps and we rise....

Better  

EDIT: Nope we are not climbing inversely to the dip, still somewhat 'pegged'. I give up.

It's just looking uncertain - volume is picking up - but not nearly enough to break out.  If the whales refilled from 812-ish up, we still need to be wary of thinking 'it's over'.  Not that I don't want it to be!

Stamps books look thin on both sides.   1000 BTC dump takes us down to the mid 800s, the same as a buy is way up in the mid 900s.

Which way, I have no idea - but it doesn't look that bullish to me.   Am all fiat on Stamp, waiting to see what happens.

EDIT: order books fattening up and as it's green all the way back to the daily, we should go up.  Just hope there isn't a whale waiting for the moment to go for one more dump into the order book.  Volume is still low.

Ha!  +1

Classy negotiation.

Being pegged to BTC in the rise was a pretty good thing. It was possibly XMR being used to shuffle money in and out of BTC at certain points.

But I think you will see XMR doing its own thing again a little more....

EDIT: Nope - BTC dips, and so do we.   Damn.

That I do believe.


Ha!  And still watching the screens on a Saturday night - join the club



Yep, it was - this time we are a little more hardened and we know how the party can stop and be over very quickly.

Good luck out there, nice to see you're still in the game.