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This thread should not be dead. Thread I resurrect the! In fact, who wants to sell me some ammo?
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1 week looks normal  "Nothing to see here move along" That does provide some nice perspective and you are right it really does look like a normal move within the healthy bounds of the protracted bull trend. Interestingly too any time the MACD was slammed really hard into the negative crossover that has be more or less the end of the cyclical bear market. |
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Premise: Heading down to 5.x (Last area of significant support, 3.5k is just too much too soon right now)
Under bitphysics™ this means at least one material sized interim bounce on the way down. Anyone with a supportable plan to catch it?
Yea like I said to someone else here. Just keep a stop order 1000 dollars off the low. You will miss the bottom by 1000 dollars but if it goes to 1300 you will be getting it for 2300 instead of blowing your powder at 6000 only to watch it fall to 1300. Well anyway it's just an idea. Curious what others think about it. This idea assumes that by the time it has a full 1000 dollar bounce than the bottom is probably in. Thoughts on that assumption? |
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Also rumors of the Trezor getting it too...
I have been suspicious that this was part of the impetus behind the roll out of the Trezor Model T. I think they tried to implement Monero on their original Trezor and found the hardware was insufficient to produce ring signatures. And I'm not saying that the reason they rolled out the model T was for Monero, but rather because Monero caused them to realize that they needed something a little more future proof. |
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Wait wait I've got one. We should all be happy about this decline, it's just a chance to buy more cheaper!
This knife is going right through my grubby little hands though.  Maybe just keep a stop order about 1000 dollars off the low? True you will miss the bottom by 1000 bucks but you wont buy at 8000 just to see it fall to 4000. Which low? The lowest BTC has been since I have been involved was about $170. I don't think you mean that low however; since setting a bid a 1000 below that would be impossible. Unless the exchanges make it possible to have people disposing of their BTC by paying someone to take them off their hands.  Lol no I mean the recent low, 7916. And if that gets broken down to say 7500 then replace it with that. |
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this is just a very late night (and too many g+ts) post....as most of you know i stoped postin here after fluffypony's hilarious 'lets' crach the market post' some months back. But seriously, can someone please gime me a precis as to what the fuck is going on..forks/airdrops/etc? XMR used to be the bes alt coin out thee,,,best etech, tech devs, best map,....this eens to heve gone to shit despite the fact it has been adopted by Dreamarket. So, what the fuck is going on?  I hve a LOT of capital tied up in XMR (basicLLY ceause Im a privacy nerd) but one thing I've realised in 5/6 yers of crypto is that the tech means nothng...its the polituiics behind the tech that a makes or brakes a project. Opiions of oldies are most welcome, trolls please keep your council. Wow! Hello. Haven't seen your face around here in a while. Development is, if anything, accelerating not decelerating. Look at the explosion of activity half way through 2017 https://www.youtube.com/watch?v=K33PoKM7vOM Have you heard about bulletproofs? They will bring a space savings of 80+% on the blockchain. Code is written and the peer review process is fully funded. Anyway the fundamentals are as strong as ever but i'll let someone else speak to the politics. Except maybe that I'll add that John McAfee is running around evangelizing for us now. So that's pretty cool. |
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Wait wait I've got one. We should all be happy about this decline, it's just a chance to buy more cheaper!
This knife is going right through my grubby little hands though.  Maybe just keep a stop order about 1000 dollars off the low? True you will miss the bottom by 1000 bucks but you wont buy at 8000 just to see it fall to 4000. |
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common someone say for every sold BTC there is a buyer  Right after someone says "the next 24 hours are critical" Not before "1btc is still 1btc" so if i understand, even in the next critical 24hours ... 1BTC wil still be 1BTC Wait wait I've got one. We should all be happy about this decline, it's just a chance to buy more cheaper! |
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If you zoom out to the weekly, Its like a carbon copy of the 2013 crash. Even the dates are close to now. I know this means noting and things are different this time (they say)
but its weird to say the least.
I still believe the price is being artificially forced down this time though so if they don't get too greedy and push it too far, there should be a quick recovery.
Are you telling me I have to wait 2 years to get some decent action again? Fuck  Probably not. The world was oblivious to crypto back then. Now everyone knows about it. It's on almost everyone's radar. Totally different environment today. Extrapolating the past into the future probably isn't useful in that particular capacity. |
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This is so true. I feel cool as a cucumber right now knowing that I hedged. Instead of thinking about the USD losses (that I am definately taking) i'm really finding myself more focused on the exciting prospect of having more crypto when the dust settles.
Hello Anon136, could explain how you hedge XMR and how much it costs you? I didn't hedge XMR specifically. I hedged my whole crypto portfolio in a way by selling my bitcoin when it started falling hard and putting in a stop order at the price that I sold it at. So worst case scenario, if it stops falling and going back up the exchange will automatically buy it back at the same price that I sold. No fancy contracts or anything. I cant even get on bitfinex being an american. Either way though it makes me feel so much less stressed about both the decline in bitcoin and monero. |
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bitcoin dominance is at 42 per cent.
THE answer.
Is there like a chart somewhere for this? Can you link? this is a very shitty site: https://coinmarketcap.comtop right. Thanks! I go to that site all the time but never noticed that little number tucked away in the corner. |
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bitcoin dominance is at 42 per cent.
THE answer.
Is there like a chart somewhere for this? Can you link? |
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Today I'm assuming this dump is due to Google banning crypto-related ads. Things will calm down soon, as usual.
You know.. one thing I have not seen mentioned, though it may have been... Bitcoin does not have an advertising budget.  Dash does... So do lot's of shills and scammers. Think about that a little. I feel bad. I give all of my merit to like the same 5 guys... But it's just always the same 5 guys that end up saying the things that are actually insightful that hadn't occurred to me... Pareto principle I guess. |
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HATE you guys!  I'm always dry during these times. Hey me too man. Just not THIS time. I liquidated my bitcoin at 9000. If bitcoin falls while monero falls further relative to bitcoin at the same time, I may not be going back into bitcoin when I turn that liquidity back into crypto.  We'll see. I'm starting to get some signs that I made the right call but it ain't over till the fat lady sings. Where do you see XMR by year end? I was thinking 0.05 and 1200usd, however I'm now closer to 0.02 and 200usd Hopium depleted, moving through grief stages. Soon to be acceptance. Sorry bud that's not how I think about investing. I don't have price targets. I don't have ANY clue. That's fair, I only asked as this is XMR speculation Haha it's not an unfair question. I just don't even have a speculation to make in that regard. Buy tech that you know is good and has a value proposition for the world. Hold patiently. Don't get emotional. Don't get in over your head. Take careful modest profit when times are good. These are the sorts of things I think about and make my decisions based upon and they are almost totally independent of price. So I don't really think about price that much honestly. |
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Where do you see XMR by year end?
I was thinking 0.05 and 1200usd, however I'm now closer to 0.02 and 200usd
Hopium depleted, moving through grief stages. Soon to be acceptance.
I think I've said it before, but if your mood swings this fast and extreme, you've invested too much. Sell some, and enjoy the rest of the ride! This is so true. I feel cool as a cucumber right now knowing that I hedged. Instead of thinking about the USD losses (that I am definately taking) i'm really finding myself more focused on the exciting prospect of having more crypto when the dust settles. |
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I can’t read charts and don’t know why Bitcoin is still going down?
I don’t have plans to sell any yet but would be grateful if peeps on here might have some clue as to when we will be trending back up??
That way I can stop checking the price until then. (Ostrich with his head in the sand until all this bearishness blows over).
I can try my best. So there are several different lines of support. 7500 is the previous high before the monster rally so that will probably be first. Next is the recent swing low of 6000. Then you have 2 highs ago that never got tested. That was at about 5000. The final line of support is the high at about 1300 from early march of last year. So hopefully one of these will arrest the decline. The question is which. I think the resistance will be very strong at 6000. Are there still people out there interested in bitcoin? Are there greedy people still on the sideline? Is 6000 going to look like an enticing price to them? I think yes. Anyway I'm not going to try to catch a falling knife myself. I will probably just watch and wait for some signs of a recovery before I buy back in. |
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HATE you guys! I'm always dry during these times. Hey me too man. Just not THIS time. I liquidated my bitcoin at 9000. If bitcoin falls while monero falls further relative to bitcoin at the same time, I may not be going back into bitcoin when I turn that liquidity back into crypto. We'll see. I'm starting to get some signs that I made the right call but it ain't over till the fat lady sings. Where do you see XMR by year end? I was thinking 0.05 and 1200usd, however I'm now closer to 0.02 and 200usd Hopium depleted, moving through grief stages. Soon to be acceptance. Sorry bud that's not how I think about investing. I don't have price targets. I don't have ANY clue. |
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