Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?
volatility You never heard about hedging? Not sure what you mean, if I hold 50XMR in my DNM wallet today I can buy 20 xtc pills and next week maybe only 10? That's not very convenient when on the other hand bitcoin is relatively stable I also created an account in alphabay and dream marketplace, it seems like those DNM sites take BTC though mixers by default so they are hard to trace.. not sure why XMR is needed. But it does make me feel more at ease I guess. Also, I think XMR will eventually recover but we are in for a bear market that will probably last a few months. I admire that you are the only person here who is still keeping up the bullish sentiment. How come it is in the bear market? What did I miss?  I thought Monero is still much higher than it was just a couple months ago and it even didn't touch the previous trading range. Junkies probably will not hold the coins that long, but the hedging is needed more for the vendors who have their coins locked into the accounts of esrows. Hedging is easy to execute: if you get a payment of 100 XMR escrowed, then immediately open a short position of 100 XMR. When the escrowed money is released to the vendor, then close the short position. The additional cost is most likely less than 1 % but it makes the selling risk-free in terms of forex fluctuations. That sort of hedging is a standard in any industry that is dealing with volatile markets such as raw materials. Expecting a DNM vendor to hedge Monero held in escrow is not realistic. Rather I think they will just accept bitcoin only as long as Monero price is volatile. A quiet period of price stability around .01 for a few months, maybe trading range .09 - 1.2 would be welcome. That would calm fears of a bear market, increase confidence and set the stage for an uptrend in 2017. |
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If you are in US it is worth getting a Coinbase account just for the Shift card.
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Using longer time frames can often give a different perspective. Take a look at the 3 day XMR/BTC Polo chart. It does not look like price has bottomed but is possibly heading down to the Fibonacci 78.6% retracement or .0077.  Price could go lower. For the last speculative bitcoin bubble price even dropped below the 78.6% Fibonacci retracement and took 16 months to recover to $700.  Long term I think Monero will make a new high but certainly not in the next few months, and there is also the possibility you might be able to buy Monero for $5 again. |
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Nice looking unit.
Hopefully LTC gets some kind of traction.
It's a great sign that its been in use for 5 years now, but everyone is interested in the new hot coin of the month,
and LTC doesn't seem to be moving much on the exchanges recently.
IDK what it will take to get people interested in this coin again.
China. |
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Cannot comment on the Jaxx phone wallet until it adds Monero support but probably is secure enough, especially on iPhone with some sacrifice of privacy. Should still be a hit though. Shitco.in put up an article speculating on how Monero price was manipulated this past month. |
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Every trader has losses you just need to learn from your losses to improve your entries and exits. Trading is an art and not everyone can be a success at it just like few can paint well enough to make a living off it.
The best strategy for someone new to trading is to go long on an established strong trend up. Don't try to catch a falling knife or short. Always use a stop loss and let your winners run. When there is a strong trend in progress you just want to take a piece of the pie and get out before the trend reverses.
It is much more difficult than that, i bought at 0.0114 thinking it was on the way up(broke my rule of not buying above 0.011) and not much later the price fell below my buy-limit which felt horribly, every-time i don't stick to my rules i end up losing money. I would say trading is very much about discipline and impulse control which i still lack(still i am doing ok). Right now Monero is definitely not in a strong trend up, just take a look at the daily chart. Use a 200 MA to judge whether an asset is in a bull or bear market long term. Check different time frames also. If you look at the trend you notice that each new peak is less deep, you just have to have patience and not do stupid mistakes(luckily i only had 0.48 BTC left to spend). Now the bottom has moved up to 0.011, i did go long with my XMR for a small interest,i still think the medium term is up. Try reading Trading in The Zone sometime. |
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One time on my birthday I lost like $500 playing Blackjack,
drove home drunk as fuck to get more money,
went back to the casino and lost another $500.
Man that sucks, i hate myself when i lose 20$ due to trading mistakes even if i make the money back later i continue to be mad over the loss, i guess it will take a while to get used to it. Dude - if anyone here was perfect, they wouldn't be hereYou have to take risks and sometimes they don't pay off and you learn from it. All you can do is try to develop an edge and win more than you lose. It's a long game. Every trader has losses you just need to learn from your losses to improve your entries and exits. Trading is an art and not everyone can be a success at it just like few can paint well enough to make a living off it. The best strategy for someone new to trading is to go long on an established strong trend up. Don't try to catch a falling knife or short. Always use a stop loss and let your winners run. When there is a strong trend in progress you just want to take a piece of the pie and get out before the trend reverses. Right now Monero is definitely not in a strong trend up, just take a look at the daily chart. Use a 200 MA to judge whether an asset is in a bull or bear market long term. Check different time frames also. Before you take a position you should have a clear reason to go long, know how you will choose your entry and when you will exit: how much profit do you look for and how much will you risk. Right now long term trend for XMR is still bullish but medium term is down and short time frame is uncertain. Experienced traders who like to counter trend trade already bought at .01, are now in profit and raised their stop loss to break even. There are some good technical reasons .01 might be the bottom but it has not really been tested yet, and if bitcoin takes off Monero will go down in price as traders move capital from Monero to bitcoin. That could provide a good buying opportunity for someone looking to hold Monero long term. |
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I dont know...the market is actually not so hard to rumble. Maybe i think to easy, but thats what i thought: After the FUD Campaign it is somehow given by nature that the coin cannot get under more pressure having in mind that panic sells were happening for 3 weeks. Moreover the coin was before the announcement of Alphabay at something 0.005 (can we agree?) For sure 0.005 would never happen again. So the worse point could be at 0.0085. Take: y = mx+t The negative slope was already decreasing at ~104, faster and faster. For me the final bottom was next to --> BUY. Actually the FUD campaign made things a lot more easy here  Whats your oppinion about that @ BitcoinNewsMagazine?I am wary as a double bottom might just happen. Then again it might not but the daily volume on the sell off on Oct 4 was not that high. Some bad news could cause another sell off. Looking at the daily chart impresses as a coin that has not found a bottom yet so I am in no rush to reload.  suits, mhm? Nope. Price needs to get down to within 3 to 4 percent of the previous low. Also, the longer the time frame between the two lows the greater the chance that the pattern will hold. |
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I dont know...the market is actually not so hard to rumble. Maybe i think to easy, but thats what i thought: After the FUD Campaign it is somehow given by nature that the coin cannot get under more pressure having in mind that panic sells were happening for 3 weeks. Moreover the coin was before the announcement of Alphabay at something 0.005 (can we agree?) For sure 0.005 would never happen again. So the worse point could be at 0.0085. Take: y = mx+t The negative slope was already decreasing at ~104, faster and faster. For me the final bottom was next to --> BUY. Actually the FUD campaign made things a lot more easy here Whats your oppinion about that @ BitcoinNewsMagazine?I am wary as a double bottom might just happen. Then again it might not but the daily volume on the sell off on Oct 4 was not that high. Some bad news could cause another sell off. Looking at the daily chart impresses as a coin that has not found a bottom yet so I am in no rush to reload. |
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With Tor Browser or TAILS running use one of the .onion servers listed here and these settings in Electrum:  |
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I am really terrified right now, need a 10% increase to make profit, mostly worried about mission out better deals(below 0.01) but i guess the price bottomed now and will continue up.
No one knows where the bottom is until traders decide. Volume is not as high as you would expect to see on a capitulation so more downside is possible. |
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Now that Monero is on everyone's radar anything under 120 is a buy and should price spike down to 100 a strong buy. That might just happen if bitcoin takes off on a bull run up. Or you could just wait until the XMR all time high is taken out on strong volume and buy on a pullback. Anyone disagree that if Monero is to continue to be a success price will have to rise above .0265?
Strong buy below 0.0085, buy below 0.0100, medium at 0.0105 The "Problem" is, if the price falls to 0.0105 than it will fall to 0.0100 for sure and if so, it will crash very strong for a moment and than recover for sure. We are still at falling prices the current development doesnt show a recovery -but as we all know it can be easily manipulated (look to these fake buy walls always)- 0.0073 is my personal point where i could imagine to get in with a lot of BTC (depending to the development of DNM, if its still bad than the coin is no longer interesting to me until change (but shorts after hype always interesting  )) 0.012x is still 3 times above the average of 2 month before. So i guess 0.090 is possible. But hard to say what is happening know. Some money is for sure going into FCT (hype) and BTC (Deutsche Bank, FC) now. Losing from 0.012x to 0.0085 is still a lot of money dont forget. Good points to consider thanks. |
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Now that Monero is on everyone's radar anything under 120 is a buy and should price spike down to 100 a strong buy. That might just happen if bitcoin takes off on a bull run up. Or you could just wait until the XMR all time high is taken out on strong volume and buy on a pullback. Anyone disagree that if Monero is to continue to be a success price will have to rise above .0265?
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Iron Browser is a privacy centric neutered Chrome for those who do not like to use Google Products. Iron works just fine with Trezor app.
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I will like to go into altcoin/ bitcoin trading, though am new in bitcoin I have being trading forex using technical and fundamental analysis. However, I don't know if trading with meta trade software indicators work in bitcoin trading or if bitcoin has different platforms for trading?. Please friend if you have any material on how to trade bitcoin for beginners or were I can get free information about bitcoin trade I will appreciate it. Thanks
TA works just fine for bitcoin and altcoin trading. If you open an account at BTC-e exchange you can use Metatrader 4 with your account. Here is a link to a Coindesk article. That could get you started. Problem is many of the altcoins you will want to trade like Monero are not listed at BTC-e as Poloniex is the most popular exchange by far. Good luck! |
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ThomasV does 2.7.0 still support use of passphrase hidden accounts when using Trezor like earlier versions?
yes it does; did you encounter any issue with it? Thanks. Have not tried yet but will the comment in OP "Multiple accounts inside the same wallet are not supported in the new format" was a concern is all. |
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ThomasV does 2.7.0 still support use of passphrase hidden accounts when using Trezor like earlier versions?
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So what I was worried about AB seems not to be so spectulative....
And some verndors are also complaining: Waiting for my coin since 5 days. Support not answering. Also have about 400 BTC what apeared send but i havent received anything !!! Please AlphaBay dont follow Oasis...fck 400 BTC  Not sure what these have to do with XMR.... Cause the rise of XMR began with the announcemen of Alphabay acceptance. After Oasis did exit scam the price drops. When now AlphaBay is doing the same, im afraid XMR will also drop like hell. That fucks me up so much with these darknet markets. Did a quick search and I couldn't find anything about AlphaBay issues... But maybe I am not looking as hard as you - idk Browse the DeepDotWeb siite and they show real time up/down status for markets. |
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Any thoughts on this guys? The default frequency for 13.5Th/s must be something like 625Mhz -ish. I wonder if the price will be 1583USD/2.616 BTC for real like it says on the page. Release date maybe October 8. Bitmain does this, adds provisional product pages but not linked from the main Antminer page until they are ready. Remember they did the same thing with the R4. |
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