I hope Monero will establish strong like a rock of ages, support to 0.0032 when it breaks it.
All the weak hand dumpers need to be bailed out now at last so that we are good to go on from here to new heights.

If you want to be strong, don't buy more than you can afford to lose, otherwise you are picking too heavy weights and might feel lassitude.
Take only the weights you know for sure you can lift up and pump it.  


I dedicate this video to Monero: https://www.youtube.com/watch?v=R0Zbj7S22zs

But there is a wall at 0.0031... And it looks legit, too.
I hope the rally will not stop there.

Wow, it broke 0.003.
However, huge sell walls low 3's (0.0031).  

Warz was doing some buying in Polo.
He is threathening that 0.003 will be broken soon. We will see if it is going to happen.

Yes, but I am a bit afraid we are pretty much the only people in the world who are concerned on instamines.
The people on the streets, if they are not going to accept crypto in masses, may not care such issues...? From their perspective all coins are on the same level (a coin that is instamined 50 % or a coin that are non-instamined but slowly mined 50 %).

The good thing about those type of coins is they are relatively easy to pump since the community is not that large. Therefore my concern is will Monero have ever the power to pump it big time? Do we have enough people who are not involved in buying the coins?

Believe me, I am kicking myself also as I did not buy any DRK when it dropped to 0.01... Now I could be selling it for 70-80 % profit and pour those money to XMR and XMR could have got more rise than this pathetic rise we are having now (I know I am spoiled - lol). 

Thank you encouragement, mate.
I guess I am depressed when I see what is happening on the other side of the fence. Should focus more on the trend we are having and not to compare coins too much.
After all, when one studies Monero's 1 mo. chart, it looks nice.

I have no idea who is Peter Todd, but at least he has a decent number of followers on Twitter. 

Monero has now long way to catch DRK... Usually DRK drops after this type of pump, but it drops over the previous peak (around 0.014 range will be the minimum price in the next dump with DRK if it behaves like it has behaved its history).
Imagine if Monero was still trading around 0.001-0.0011.

Soon XMR/DRK is 10, and it is not good if it stays like this for long term. I would have hoped to see DRK/XMR being 10 much more likely. 

What is happening, sir?

I am not a gambler. I prefer not to buy when a coin rises at this speed as DRK does.
For Monero I hope it rises more steadily but ultra-long term.
Monero needs a rising trendline that takes years instead of days/weeks/months - like bitcoin. Bitcoin used to cost 1 usd and less and still it costs 250 usd. That's 250 times gain in dollars - and all this during relatively high emission.


In my opinion, we should not give too much overhead to DRK.. After all, there might be only one altcoin in anon niche that survives.

The noobs do not care if a coin is instamined/premined etc (I guess the majority of people do not even know what these terms mean). It is important only for us - the current crypto community. When there will be masses adopting the cryptos, they will pick up the coin that is a significiant and relevant.

If bitcoin crashes to 200 or below I wouldn't be surprised if Risto's friends will be interested in increasing their Monero holdings as it has a direct impact on Monero's fiat price given that Monero stays around here it is now in bitcoinwise.

At this point, Monero needs constant pumps of funds to keep the price up. However, the emission in fiat terms is so low now due to the low bitcoin price it is not impossible to even get larger amounts invested in Monero on daily basis.

There need to be an army of salesmen in XMR to put Monero to new strong and new hands prefertably (the new hands are bringing the biggest amounts of money since it is their initial investment).

Yes, some traders might take profits from drk and buy xmr.


Monero is also very easy to pump.
I remember I bought a couple of days ago Moneros worth of a few dollars and it cause the price rise of 1-2 %. There are sell orders of 0.1-1 XMR per price point often and as the price is sub 1 usd each so you can imagine what happen if someone market buy 5 USD to those markets. 
The sell walls are the places to go when someone wants big amounts of coins without causing large price rise.

Are you telling me the instamined coins are actually good investment vehicles if you are able to acquire them for low price?

Indeed the rise of DRK looks impressive.   In coinmarketcap DRK is now # 5....
However it might be just short term though...?
I do not own any DRK, but I should have bought it.
If you think XMR is the ultimate anon coin and you are a DRK bagholder, perhaps it is a good time to diversify now, right?

I've noticed also the bear market in Polo is usually 4-6 %.
It might be due to miners selling but on the other hand, the emission is getting smaller day by day so theoretically also the bear markets should be lower.
Also, notice that the volume in Poloniex alone is several multiples of the block rewards. This means there is additional selling/buying going on too.

If someone has more mathematical approach, I would like to read it, too.

Don't worry, my plan is to spend as many coins as possible with things I want before we even reach astronomical figures and I guess so is the case with other Monero holders, too. So the high price is very possible.
I think Risto's SSS plan is the model I am planning to use with the hoard. I am slowly slowly diversifying my coins but planning not to dump them at once ever. The higher it goes the less I will have coins for sale. On the other hand, I do not think I need even large sums of money. It is kind of headache to find places to invest with such a frugal guy as I am. I really do not enjoy much "luxury". Perhaps some charities I want to give (only causes I can relate though). It is a precious and priceless feeling when you give something like this. Believe me. It feels like you have some kind of favor on your being. It is strange but giving out money gives much more pleasure than taking it.   Obviously not going to give to crooks and all kind of free riders though, but institutes such as Torah learning schools, etc.
As controversial as it sounds, giving out money do not make you a penny poorer.. Just look at Bill Gates or Warren Buffet who are big philantrophist but year after year their networth keeps growing.

The cool thing about Monero and other collectable items is that even the richest people cannot have it completely. Sure they can get asignificiant  part of the pie but they are not able to get at least completely all my coins unless I unleash them. Oh boy this aint be cheap though.  

When I was introduced to crypto it was marketed as a way to hide money out of the system.
Now as those people start to realize it is surprisingly easy to track the owner of  the coins, they might start a massive exodus from Bitcoins to Monero. And this is going to be a bloody rise in Moneros price as the stingy Monero owners refuse to sell coins in quantities. I see this scenario even relatively probable (actually probable enough that I have invested money into xmr before the masses start to flood). The biggest threath for XMR is currently Darkcoin since it has larger marketcap and is kind of leader in our niche.

Are you buying Moneros anymore (besides trading)?
If I am not mistaken, I have read you reached your core position around New Year.
Have you been able to yield with your maximum amounts? After all, I assume Bill Gates have no maximum amounts of fiat which he do not want to get.

In the end of this year the daily emission is about 11 000 XMR.
10 USD price means the emission needs 110 000 usd/day which is not impossible - in my opinion. I don't say it will happen but certainly it is possible. I understand that currently it looks pretty distant as emission is 16 000 XMR/day and price is 0.80 USD/XMR.
Last summer Monero cost 3-5 USD so 10 USD is not impossible in my opinion.

And bitcoin was twice as much as today.