anyway back on topic:
Based on the weekly stoch RSI: This is either about to shoot way past ATH or about to crash hard, one or the other, but I can't tell which. I guess this analysis doesn't help me much.
I suspected that if we passed 750 it would be the start of the ramping up and FOMO, but it is looking lacklustre. Maybe it is unmentionable OT uncertainties (ahem...) maybe it's just not going to happen but the cup and handle looked perfect and the rise has been steady for a year. I really thought it would be around now we'd see the new 2013-style run, but it's awfully quiet out there. I was thinking (as were many) that a run up was inevitable. Now I haven't a clue... The conditions are good, so why is nothing happening? A crash would no longer surprise me either, this is Bitcoin, after all. |
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Did the ZCrash money men (youknowwho) pump (and accumulate) Monero for nefarious reasons to assist Zcrashs' release?
If they were clever enough to do that - why did they screw up the release so badly and almost destroy the coin. You call it ZCrash, right? So do I  |
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Price has made 4 strong runs up to $751 this week and stalled out. This wall is bigger than the one Trump wants to build  Apparently its a Trump's wall. Ya know what this means. You mean it's actually only a fence, or the Mexicans are going to buy it? |
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Back to the speculation... Is seems BTC really wants to burst out through that 750 level (I watch Stamp's price), take off and have 2013 all over again.
It may be brutal for XMR initially if it does, but I will not risk decreasing my stash by offloading anything but some play money to trade with. I am pretty well-balanced in BTC/XMR and happy with it for whatever transpires. Ok, I've set up low XMR buys with what powder I have left in case of bargains but I am sitting tight for now. This does not mean BTC 'moon' is certain.... BTC does tend to confound (widely-held) expectations and let's face it, XMR is bearing up ok in spite of it all.
Either BTC bottles out and we benefit, or it rockets up and some of the smart money inside the foaming FOMO as BTC peaks takes profits and inevitably spreads into the best alts. That includes XMR without a doubt, it's always been a good hedge against BTC drops.
The steady BTC rise - and it's been massive over the past year - has crept up rather than rocketed so far. For me - now - it either rockets up very soon (within weeks) or it fizzles.
Faites vos jeux, mes amis.
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The amount of the population that doesn't comprehend being altruistic or being selfless never ceases to amaze me but it really shouldn't if you are incapable of imagining something then you cannot believe in it. But until the majority of the worlds population understands this the species is doomed to extinction. I just can't imagine not understanding this naturally.
There's no such thing as altruism. This is a useful primer http://www.humantruth.info/altruism.html but there's lots more social science, evolutionary psychology research if you prefer 'proper' papers and articles. Its a bit of a downer but once you come to terms with this, its actually quite liberating.  Hmm... I understand the logical argument and I could advocate either side of the argument. However, so called 'altruistic; or charitable things such as the act of giving are things I feel are positive and I don't want to give 'em up. Yep, I will get a load of (narcissistic?) pleasure from my little nieces opening up their Christmas presents, but I would really rather the world kept a little charity in its heart. /ot |
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The battle to stay above/below .0090 is brutal. Which side will win?!
That probably depends on Bitcoin and / or the GUI. Bitcoin drops - the bulls win, Bitcoin rises - the bears hold sway (for now). The fight is because of neither side winning (for now) news may come, but until then (short term) the BTC price is probably the biggest deciding factor. |
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Is this our final capitulation as it was expected.... Or just the BTC spike to 730-ish?
Has no one noticed the drop under 0.01 and 0.009 already under assault as I type?
Volume not massive but high enough...
I hope you have your buys set, Ladies and Gentlemen?
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Serious question: How do those of you who support the Monero project, i.e. want it to succeed, justify selling moneroj at this embryonic stage of the ecosystem's development? Doesn't selling moneroj weaken the Monero project by demoralizing and disincentivizing the entire ecosystem?
I'm not judging anyone here, just curious how traders who are also supporters of the Monero project (and not just profiteers) think. I'm a hodler by temperament.
Shorters (and their lenders) help Monero by 1) Aiding stability and price discovery by providing liquidity, thus absorbing volatility and smoothing out spikes/dips, as KoziTwo explained in detail 2) Encouraging wider distribution by filling bids when someone wants to borrow and dump, which aids Network Effect (Nielsen) 3) Causing economic illiterates ("zomg I hate teh nasty shorters and hope tey get h4x0rd1!1!!") to self identify 4) Increasing profits of the facilitating exchange; IE Polo benefits not only from XMR activity but also the ETH, etc. volume attracted as well, which encourages more exchange adaption via profit motive (you know the other exchanges are mad/jealous Polo is eating 41% of their ETH lunch while they fight over the leftovers) I agree with all of that, and also KoziTwo's explanation, but what about simply selling with no intention of buying back, for example following Risto's Simple Saving System and selling X% of one's holdings after every Y-fold increase in price. That sounds sensible from a personal perspective, but wouldn't it be harmful to the project if all of the hodlers did that? Am I the only one who feels guilty when they sell moneroj? Maybe my error is thinking of Monero as a fragile thing that needs protecting. . . Don't worry - you're in the right place. But XMR is anti-fragile, it can be shorted, therefore it only survives because it is good enough that people want to buy it. This testing makes it strong and real. It is unlike any other cryptocoin. And it is growing in stature, just as Bitcoin did. Let them sell and if the price is right we will buy. |
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..
I can't get butthurt I have nothing but dust. I'm pissed that those loans protect shorters and hurt the ecosystem.
please explain how they hurt the ecosystem in your view  a healthy lending market does nothing but support the ecosystem, since it enables a variety if financial strategies and tools (e.g. hedging) for all market participants. you seem confused really. protecting shorters? we make shorting possible in the first place. if they get rekt by doing so is not my decision. +1 There's this common misconception about people selling (or worse: shorting) that they are hurting the coin. You'll notice that people who are bearish tend to get more hate directed towards them. It makes perfect sense, because if you hold and the price is going down it hurts. And who's causing the price to go down? Well obviously sellers/shorters. Shorters becomes an enemy to blame for ones own losses, an outlet for all the frustration that builds up during a long drawn out and bloody beartrend. While it's easy to fall victim to this sort of thinking I believe this view is narrow minded and here's why: Without opposing forces the price may go higher, but it will be on low volume and the crashes will be much deeper. In a sense the price becomes more artificial the less volume is involved and the less liquidity is available. Sellers/shorters provide a very important function in the market, that is: liquidity which prevents the price from going too high, and also liqudity that prevents the price from going too low (shorters must close their short, traders who sell buy back). These opposing forces work beautifully to stabilize a market and avoid even higher and lower spikes that we would have had without them. The more opposing forces in a market the more stable it becomes. Stability is GOOD for the coin, not bad. Can we think of any example where there are no sellers and shorters? Yes. Zcash. There was almost zero supply as it launched and no way to properly short, and the consequence of that was a launching price that went beyond 2 million USD. The ATH has been set and we'll never see prices even remotely close. If there had been sufficient amount of sellers or shorters, this would not have happened, the price would have reflected reality better. I don't think it's heatlhy for any coin to have such raises like we've seen in zcash. And as we've just witnessed, without sellers/shorters, that's what you're gonna get. +1 The market is finding price properly. Do we want to be zcash (no possibility to short)? That which does not kill me, makes me strong... |
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If we get 100 USD XMR we would be looking at a fundamentally very different situation from now since that would place the market capitalization of Monero at over 1.3 Billion USD with Monero in second place behind Bitcoin. That means for example the major Bitcoin / fiat exchanges, Bitcoin payment processors etc will no longer be able to ignore Monero.
I must admit, I cannot see why other exchanges, given the volume Monero has in BTC on Polo, have not already listed Monero. Is being 'truly private money' actually an issue for exchanges, or just the GUI - surely they would want the business? At some point they must take it on - but do we really have to wait until over a billion USD market cap for it to be a no-brainer? The best reasons that I've heard is. 1) Its difficult to integrate. Jaxx (a wallet / exchange service) has apparently put like 80% of its effort into integrating Monero over the past month or something, and its still pending. 2) Even after integration, its hard to pull the volume from the main exchange. Case in point, bittrex lists monero, and a new one ( https://tuxexchange.com/) even had a free monero giveaway to attract users. So after all the effort of integration, there's no guarantee that your exchange will reap the same rewards as Poloniex. So I think it does have to be a much larger market cap, perhaps. You're probably right, but I am not sure if it's so much of a problem if Bittrex managed. That said, it doesn't do nearly as much volume on most coins, so yes, it wouldn't steal Polo business away so easily. I can understand Jaxx having issues with wallet integration given how long it's taking for us to get a GUI out there ourselves. Maybe it's just 'bigger' (fiat) exchanges don't see it as an imperative yet - but the volume has been huge at times like up to 5 million a day at the end of Aug/ early Sept - which is not to be sniffed at. I am not arguing with your points so much as hopeful we see another decent exchange before too long. Let's see if the GUI makes us look more mature - maybe then I will have my wish come true |
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If we get 100 USD XMR we would be looking at a fundamentally very different situation from now since that would place the market capitalization of Monero at over 1.3 Billion USD with Monero in second place behind Bitcoin. That means for example the major Bitcoin / fiat exchanges, Bitcoin payment processors etc will no longer be able to ignore Monero.
I must admit, I cannot see why other exchanges, given the volume Monero has in BTC on Polo, have not already listed Monero. Is being 'truly private money' actually an issue for exchanges, or just the GUI - surely they would want the business? At some point they must take it on - but do we really have to wait until over a billion USD market cap for it to be a no-brainer? |
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The other good news are also BitcoinMeister is speaking about xmr.
Bear in mind, last time he became interested the price rose from 1 usd or so 14 usd or so.
If XMR does the same thing also this time, we should be looking at 100 usd XMR. But it is adviced to be cautious and not to go all in XMR.
Steady on, TC... Anything is possible, but let's be sure we're out of the bear market first? Breaking 0.012 and staying over it as a level needs to happen. Then we can look at getting to $10 - but I don't think we will get anywhere close to even the ATH level until Spring (unless the GUI is out very soon, BTC stays flat or drifts and we are very lucky) let alone $100. The GUI will encourage more people to buy, suck money off-exchange (leaving less for immediate sale) so a spike then is more likely but a real new climb to above the last ATH needs time and events conspiring for us. A steady XMR might prove better for adoption - and we need that base to build from. So, maybe save your $100 predictions for now, please? |
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Huge reason of Monero price fall in October was because of speculation of ZCash launch. Monero went that low on 28th October simply because of ZCash launch. 3 days latter when people realize there will be no bread from ZCach flour, Monero started going back to its normal range.
....
Yep. zcash came a time when XMR had been in freefall, onlookers thought it would easily drop further and the NKOTB could be the last straw to burst the 'bubble'. But it was a straw man - the laughable launch of zcrash just made the reality of XMR more credible. XMR: Honey Badger II |
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In fact at a quick glance, XMR looks like it might be doing more volume in BTC than the rest of the Polo market coins put together.
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...
I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.
I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom. Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point. Still over 4K BTC on the buy side and fewer on sale. Usually a swing in these ratios like this is bullish for price - but I do feel cautious as the mood here does seem to be the bear market is not over and (of course) BTC could still blow the doors off. Topping the volume charts feels very positive, it bodes well, but December lows and spring breakouts towards summer peaks has been Monero's way. BTC not mooning and XMR staying solidly over 0.01 (with volume) for a few weeks would be great as it would look like a signal the bear market is done. Conversely if volume drops and the buy side does too, bearwhales will have a chance to hammer down again. Whatever happens, I take heart that money is flowing back and forth between XMR and BTC way more than other coins - which implies XMR is maintaining a healthy respect in the market. |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands. Less Fewer weak hands.  Ha! Better all watch our grammar. |
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*yawn* you dont have anything new? Always the same chatter of sock puppets. I already said I'm adolf, N-rG, PID, aminorex...i just decided to agree to be BitcoinTalkMagazin too and everyone else you don't like because he is not a zcash fanboy I love XMR and i don't care what you TC zcash fanboy sock puppets are talking go and buy zcash! As you said XMR is only for drug addicts and nishes. Leave this thread so that we can continue to talk in peace here. No one would confuse you with Aminorex, don't worry mein Freund. |
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Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
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So, somewhere between 650 and 1100, Tera? Care to be more precise? |
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I think it was Aminorex who suggested that out of the "cryptocurrency allocation", it makes sense to buy
* 50% of $100 bills
* 50% of XMR.
Instead of the 90% BTC / 10% XMR that you are suggesting.
http://www.bbc.com/news/business-37906742I am not sure if $100 bills are wise choice. maybe 25¢ coins @moneyLooser you have fraud reputation here. I am surprised no one gave him red reputation for frauding screens from dark markets. Yep, and if I recall correctly theKoziTwo paid him and his alter ego N-RG (theKoziTwo donated money to something) to stay away from here, and now he's back again... sucks... You recall correctly, N-rg sock puppet / alias. But this person is not the sort to agree a deal, take the money and honour it. |
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