Question for those that mine Monero in the US... where do you exchange your Monero for BTC or USD?
Some of us don't. But I would use Bisq if I did. |
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Art this point I think the salient question is do we punch through the floor? Or do we make a higher low. Place your bets.  |
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Oh and I jut want to say..
Montero, you are weird. Up like crazy, down when others go up. Hide in the crowd going down. Then up when everyone else goes down.
You know what this tells me?
It tells me Monero is being constantly used for something(s) aside from speculation, which is all the rest of the sector other than the corn is being used for.
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Well, and after all that has happened, so am I, really. Lol. But I can handle the stress. |
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I am a firm believer that one should not hold more in a speculative asset than is tolerable when hard times hit. None of us like to see XMR go down... but if you have been around crypto for a while you will have experienced some of the most epic rises and drops imaginable. Some people can't handle it, and that is understandable. Some people have "bet the farm" and that is risky. But to each their own! |
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Breathing on 0.0067xx
Looks like some shorts closing in this range.
I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November  In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago. In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.  I think .0061 would be very hard to get to, and I would hate to see it that low again. On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down. All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast. A strong reversal above the 0.0061 range is what I want to see. It is hovering a couple bucks lower than I guessed... But of course I can redraw all my lines to fit this number. But in all seriousness this is where I saw it breaking through and where i figured support would form. What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD. So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate. On the other hand I was a professional audio engineer for almost my entire career. What the hell do I know?  Looking at your chart, It looks like a few weeks until going on a tear. Some more down in the mean time wouldn't change that at all, in my mind. This rhymes with El Rippo's BTC:XMR forecast as well. His lower target receded some, with the speed of the drop, but otherwise is playing out on schedule. The chance of a break down instead of up I can't really concede; to what end? Is it broken? All metrics point up. Tx rate exploding, tech constantly updated, easier to use, more need than ever for privacy. Anything that happens in the mean time is just whales splashing: impatient for the tide. As the BTC-XMR ratio is dropping, people in here are getting more and more emotional and frustrated, which i personally can fully understand and if i am criticized for some harsh predictions i am aware that i am hurting peoples feelings, so in order to scope with that, i truly apologize    I mined my first Monero block in February 2015, i did have absolutely no clue about price behaviour, analysis of anything, circumstances impacting prices, adoption, technical perspectives and juristictions and so on. I stumbled over Monero because i read an article about a BTC millionare analysing crypto, how to tell if it is a scam, how to rate if a coin is legit, how to predict the future of a coin and that happened to be Risto. So i am in since 2014 and i think i made the large portion of mistakes that one can make. I started wit 11,6433989 Monero, accumulated and tried to trade, lost in trading, accumulated again, again lost in trading and repeated that cycle for several times, so i know how it feels like if you lose your beloved Monero because you are lacking knowledge. I hope i am coming on the way and i am glad that my prediction played well until now, but i think -as explorer already mentioned- we will see low 0,006 and eventually a panic dip for the high 0,005 to accumulate some nice and fresh Monero. So guys, please don't get me wrong, just trying to benefit from my earlier mistakes and hopefully make up some of that lost trading experience from the past Nothing you have ever said or predicted has ever upset me in the slightest. This is what this thread is for in fact. I appreciate your input. |
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Breathing on 0.0067xx
Looks like some shorts closing in this range.
I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago. In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened. I think .0061 would be very hard to get to, and I would hate to see it that low again. On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down. All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast. A strong reversal above the 0.0061 range is what I want to see. It is hovering a couple bucks lower than I guessed... But of course I can redraw all my lines to fit this number. But in all seriousness this is where I saw it breaking through and where i figured support would form. What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD. So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate. On the other hand I was a professional audio engineer for almost my entire career. What the hell do I know? |
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I don't think I've seen Rick before. Was he the one holding the avatar of Pickle Rick on his hat?  Rick has never posted here. He has threatened to create an account several times. Maybe when he retires, finally He would get a hero's welcome. I imagine it could be a little much. |
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I'm somehow pretty sure Bawb didn't sell...  Well a ~100BTC sell wall at Gemini got all et up. |
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PSA: If someone is buying your bitcoin at these prices, they are planning on selling that bitcoin at a much higher price level way down the road. So should you hodl instead? $$ isn't the only price. Wisdom is often just a few words. |
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I like tone and I met him more than once and he is a nice guy. but tones political views are really weird. I wonder why the guys who shout the loudest about how non-political bitcoin is are also sometimes the ones who have very far right wing political agendas and are not shy to try to evangelize about it. telling folks what they should eat. telling people what is "good" art. telling people how they should vote.
having a deep understanding of btc does not make someone having a deep understanding of anything else.
I think he's just parroting Saifedean and all the rest of the Bitcoin carnivore team. Said as a multi-year keto practitioner. But that group is so into extremes and virtue signaling... it's actually slightly embarrasing. |
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Sell order placed at $16,250.
Off to run errands and do IRL drudgery...
Maybe a good number. I think we might see it bust through this pretty hard after fizzling around 16205. (Woo 16mm worth? wait... no. I put an extra zero on that...) |
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Bob is never going to sell at these prices. His sensible thoughts tell him to but his capitalist, ambitious thoughts tell him it’s too soon I think Bob will sell around $16400 which would be like... I would guess... tomorrow? Edit - Oh......... dump Yes, yes, everything going according to plan... I anticipate a fight at 16205. Hopefully I am wrong... But it doesn't matter ... we are going where we are going. The less parabolic we are the longer the better. |
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The way things are going price-wise it looks like there are lots more sellers than buyers. It's sinking rather fast while the rise to 11 was quick, but required quite a bit more volume. Trying to work out what this means.
Do we think this is related to the interesting attack being shoveled at XMR just recently complete with some fairly strong trolling?
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Just gonna drop this here... hourly...  What's it mean, cAPSLOCK? Dínoslo. pretty sure it means gentleman is on its way Pretty much we broke that top line on volume... Looks good. I'd say 70% chance we make another run soon and breech 16k, 30% chance it's gotta pullback first and was a headfake. Either way it points to where we are eventually headed. |
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Just gonna drop this here... hourly... |
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My body is ready... Come on... Just a little bit more...
Bob, are you coins somewhere there?  Is that Gemini's depth chart? That's the first question. |
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There is currently no evidence of RandomX failing in regards to continuing to be ASIC resistant.
We have seen a couple brief spikes that have a lot of evidence of being cloud computing coming online for brief periods, but even this supports the idea that XMR is effectively C/GPU friendly only now. The closest thing to an ASIC is the high end AMD CPUs. If ASICs came into play we would see a ramp up that would go very high and remain there for as long as possible. It would be a very costly endeavor to (again) make XMR ASICS and the manufacturers are incentivized to get that cost out as fast as possible.
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Update from Masterluc: https://www.tradingview.com/chart/BTCUSD/HNutyDX7-Short-term-resistance/Bitcoin approaches short term strong resistance: upper trend line and upper BB border. I completely not sure it can beat them both from 1st try on weekly candle. He's anticipating a sharp pullback off the weekly upper BB, down to the lower bound of his channel, which is currently in the $10.5K area and rising:  Completely possible, I prefer the $12k area better for a pull-back personally though. We don't need a 35% pull-back, 25% is more than sufficient and keep bouncing off the 21 Week MA imo. I came here to post basically the same thing. The way I would put it, is a pullback to that channel low would be perfectly acceptable as would be the 12k area and the MA. That said... I also think we might breakout before too much of a pullback as well. The way it is consolidating here now at least supports that idea. |
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[...] Of course the masses still think they "missed bitcoin" thus are missing it again... but those entering now buying their "ONE WHOLE COIN" or even their 6.15 (whateverthehell that means) will be the ones who really have to be NEO in that meme. The rest of us will be helping distribute the early corn fairly helping them to make their dreams come true. Part of what makes the distribution fair is we lock in our speculative gains "too early" and live comfortable lives with the remainder in play.
My comfortable divest zone just lags yours a little.
Just a guess, but the 6.15 bitcoin meme by americanhodl4 might be inspired by the 6:15 PM UTC time of the genesis block:  https://blockchair.com/bitcoin/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26fHey... that's a pretty good guess. But for some reason that meme still bugs irritates me mildly for some reason. |
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