@coinableS I tried out your price chart on my https blog and it would not render, Firefox threw an error: btcwidget.com uses an invalid security certificate. The certificate is only valid for the following names: jupiter.cleverdot.com, www.jupiter.cleverdot.com Error code: SSL_ERROR_BAD_CERT_DOMAIN Any way to fix? I do like your widgets but they will not display on my Wordpress blog. |
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Fibonacci has never and probably will never work on XMR market, use it and lose. You have been warned.
Thank you for the warning sir. Until the past few weeks I would tend to agree with you. I think the dynamic is changing; we will see. rpietila has also recently posted about using Fibonacci levels with Monero. |
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If there is a drop before Sept 1st then it will be very brief imo. The upside is still much greater than the downside at the moment. We know Monero can support a price of approx 0.003x without any of this darknet market adoption. When you consider the size of the total darknet markets the rise to the current price of 0.007x seems relatively small to me.
I think anything in the 0.0065-0.0075 range is a good buy at the moment, post Sept 1st I guess all bets are off.
Just because a couple of dark net markets make Monero available as a payment option does not guarantee that buyers used to Bitcoin will actually use Monero to a significant extent. I think the dramatic price rise is part speculation that Monero will actually be used, combined with significant exposure in the media bringing new and old buyers back in. IMO Monero was also undervalued. What will be interesting is the first week of September. What will happen to the price of Monero if deepdotweb reports that no one cares to use Monero rather than Bitcoin in those two darknet markets? |
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Actually buying the breakout of the ATH can be a profitable strategy as long as the breakout is on strong volume, which is easy to tell. FOMO sets in and buyers pile on, and the ATH which was resistance then becomes support.
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On an hourly chart of XMR/BTC at Poloniex that would be volume of at least 50000.
You mean here BTC? 50k BTC in one hour? Made a typo should be 500k XMR in one hour sorry. |
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I bought in with the current hype at 0.0087 which is pretty typical, Bought almost 500 of them but im starting to panic a bit now. Hopefully once it gets above that a bit i will just dump these and try and take a small amount of profit. Maybe it will go up in the future but its too risky atm with no sign of a gui or anything.
Monero price is evolving inside a symmetrical triangle continuation pattern:  If you want to keep your position open just set your sell stop (you did place a sell stop right?) just below the low price defined by the triangle. Right now that would be sell stop at .0074. At some point in time price will break out of the triangle. If to the upside you win and your sell stop protects you if price breaks down. Need to make a correction: I would set a sell stop at .0073 if you are on the cautious side; if you are willing to take more risk use .0071. Within the next couple of weeks I think we will either see a new all time high or a sharp correction. If you see a sharp correction on heavy volume you should consider buying if you can handle the risk. On an hourly chart of XMR/BTC at Poloniex that would be volume of at least 50000. You want to be buying when others are selling hard so if we have a down day just follow the hourly chart and when volume hits 50000 consider buying. Hard to predict what the price would be at that time. Since the party started Fibonacci levels on an hourly chart give some suggested buy zones:  Remember you could always lose any money you invest in any crypto so buy at your own risk. I put up charts to help people understand how to use risk management when trading. If you trade always use a sell stop and have a profit objective. Don't use an exchange to park your bitcoin. If you are not trading get your bitcoin off the exchange and into your local wallet. |
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I bought in with the current hype at 0.0087 which is pretty typical, Bought almost 500 of them but im starting to panic a bit now. Hopefully once it gets above that a bit i will just dump these and try and take a small amount of profit. Maybe it will go up in the future but its too risky atm with no sign of a gui or anything.
Monero price is evolving inside a symmetrical triangle continuation pattern: If you want to keep your position open just set your sell stop (you did place a sell stop right?) just below the low price defined by the triangle. Right now that would be sell stop at .0074. At some point in time price will break out of the triangle. If to the upside you win and your sell stop protects you if price breaks down. |
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I like Monero very much. Very much! It has been a challenging coin to trade in the past but that changed last week. Right now I see Monero in a trading range with two recommendations. First would be to try to buy at a discount by placing a low ball bid on the exchange you like to use. Something below .0074. Second would be to wait for price to break out above .01 and buy on a pullback. If your thing is to keep a chart open all day you will know when to increase your position. Of course many would say any time is a good time to buy Monero:)
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Just recently someone said in the trollbox that already 12 vendors at Alphabay are about to take Monero payments... Because it is a trollbox, I'd like to know if somebody has any information is it true or just B.S.
Also, it would be nice to follow how wide is the Monero adaption among D.N.M. in general so if someone is more specialized to those would you care to give some additional & factual info.
Deepdotweb does not even have an update on how widely Monero is adopted yet but they probably will. I think you would have to do your own research (join the markets for a look see) to get the answers. |
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I think Litecoin may slowly appreciate but it will be tough going. Litecointalk has been down months now does not exactly inspire confidence. Do you know of a successful coin without an active community? There are also tons of true believers who still hold bags ready to sell into any pump.  The Fibonacci levels from recent high to low show the rungs on the ladder Litecoin must climb to be successful again and price is stuck at the lowest Fib level. Can't even get past .007. I would not risk investing until price reaches the 50% level or .008. Things would get interesting if .01 was taken out on volume. There is no rush to invest. The charts will guide us. |
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C'mon folks, we need more manic exhuberance, or they won't short it down. I want to hear some chitchat about world domination and new global elite... Or don't you want your bids filled?
I do want my lowball bids filled and have been impressed that price only dropped to .0075 and seems stable. Polo enabled XMR deposits and withdrawals two hours ago now. |
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Poloniex freeze hurt the price a bit cos angry people want to dump a bit now.
Yes indeed, however its not like they couldnt have dumped elsewhere. I expect when we break 888888 SAT again - we will then break 1,000,000 SAT and from there 1,200,000 SAT - from there 1,500,000 SAT - from there 2,000,000 SAT - then 2,500,000 SAT - At the 2.5 MILL SAT mark we can all pop bottles and celebrate as our money will keep rising higher from there .. I expect 2.5M SAT to be this years floor AT LEASTOther exchages XMR is listed on have low volume so someone wanting to sell large had to wait for Poloniex because that is where the highest volume is. |
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XMR deposits are enabled again at Poloniex.
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I like Breadwallet very much. It is my day to day phone wallet, unless I need to fire up Mycelium to use with my Trezor. It is arguably the most secure iPhone and Android wallet for moderate amounts of bitcoin. |
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Monero is on a roll, has almost doubled in price in two weeks.
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Why not just buy a Ledger Nano S for $65 do you dislike hardware wallets for some reason?
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Originally published at https://www.reddit.com/r/DarkNetMarkets/comments/4yv1dc/oasis_we_now_accept_monero_xmr/-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512
Hello,
Since our last reddit announcement, we've updated Oasis introducing new interesting features, here's what we've done:
1) It is now possible to place orders using the Monero (XMR) cryptocurrency (Vendors obviously need to accept it by editing their listings).
2) We now ask everyone to set their own secret question and answer (those are mandatory and they will be used to recover your account details).
3) The site now warns you when you click on an external website link and it asks you to confirm that you really want to visit it.
Thank you very much for choosing us,
Oasis
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You really want to make a difference? We need grocery stores that accept bitcoin. I can think of no single thing that would help bitcoin more. Someone must have the contacts to talk to management at Whole Foods to broach the subject. Not just Gyft.com but direct checkout using my phone bitcoin wallet.
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Is it just a coincidence that XMR broke through 430 the week after the SIGAINT announcement? |
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