We've now broken the pattern... But is it just one big buyer and then we resume the float towards or actual trend reversal.  Our volume will help tell that story I think.

But with folks Max Kaiser waking up to monero is just a matter of time before...   

... China

What you are feeling right now is common. Probably everyone here has felt it.  If you believe as I do that monero fundamentally has the potential to be kind of a big deal then in the future your entry at what now looks like the top will be a decision you are very proud of.

For what is worth there is still a reasonable chance that we've seen the all time high...  Monero could be an experiment that has run it's course. But to me it is hard at this point to even type that sentence.  Load up as much as you think it's worth.. As much as you are comfortable with... but don't beat yourself up too much for buying monero in the fall of 2016.  If you are convinced as I am just let 2018 be the judge of that.  Though I think we will all be seeing good things well in advance of then.

In my opinion this is an extremely dangerous time to go short.. but you might look like a genius in a couple weeks... who knows?

I just did it from scratch on my Arch Linux laptop.  It took ~4 hours to sync.

Is your internet speed decent and reliable?  Ate you using any sorry of firewall?  The monero client is a distributed network like bit torrent.  You'll need multiple connections...

some will solo mine to their own pool to have more options in terms of miners.

I don't think you'll find many times I've given trading advice.  I do occasionally post my own speculations.  My current insight is I think monero may be finishing a textbook Elliott wave cycle.  It looks to me like were at the end of the "c" wave.  Up or down next, I dunno.

The last spot I picked to push my play money back in was frankly dismal and I am stuck like 15%.  If you scroll up enough you'll see where I did it.

I'm vaguely sorry that you seem to think I'm some kind of greedy con artist, but not all that terribly sorry.  You can think what you like. Its a free internet.

And please don't mistake that for defensiveness... I have nothing to defend.

lol /thread

Evidently the GUI is hiding in the woods in Winston Salem?

No, you are right...  interesting. 

Shorts covering or a big ass market buy by???

Who exactly are you accusing?  Markets market.  We would rather have that than the opposite.  Greedy regulars are not causing this correction.  >500℅ rise over a few weeks is.

This...


Sure reminds me of this...

It has the potential to become much more costly than that I would say.  But that is the way this game is played is it not?

Exciting isn't it.  I sure think so.

OK. It is about time to take my play money off the sidelines and shovel it in. Can't win without trying. I like that the swing trading over the last couple weeks has been lucky enough for me to replace all the Bitcoin I used to invest in Monero for my crypto nest egg. But without risk there are not great rewards. Soon now we should see a pretty large move one way or the other in my humble opinion.

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

Ooh aeon just got kinda cheap.  I grabbed a little stack.

Watching...

One of the finest descriptions I've read.

I sense were about the same age...  Or close.  We've lived long enough to see the definition of the word racism mutate a lot.

I agree that right now the wild card is the fundamentals here.  In fact it has been from the beginning.  In fact it's more than a wild card.  It's a trump card.  But those very fundamentals have brought us enough volume to actually be able to see some classic market patterns forming.  And ignoring at least basic TA could be quite costly.

Of course the ideal of buy and hold trumps all TA in the end.  It is what I am doing with my core holding.  I have X amount that I will not drop under.  Not for a long time at least.

And I am not generally a "trader".  But I see some fairly plain opportunities.  And at the moment I am still waiting for a little more drop to get my "play money" back in.  It ends up win/win/win for me because:

1.  Monero just keeps going up.  I win.
2.  Monero goes down to below .0176.  At this point I get back in with the play money and cross fingers.  I have more Monero again! I win.
3.  Monero suffers some sort of disaster with it's "DAO" oh wait.. we don't have one of those things.  Or Masternodes get compromised... oh wait... wrong again.  Well I guess Poloniex could Gox us.  That's about it.  But then I go ALL in with my play money and thank the stars because that will make Monero as cheap as it ever can be.

I remember when bitcoin  was ~$2-3 for a very very long time.  I didn;t buy a single one.  I won a shit ton of them playing poker, but bought none.

I'm done making that mistake.  It's amazing we are getting to do this again.

Looks like we lost posts.  I made a decent one IMHO that is now gone.