Let's try to keep it down to 2x monthly, people. Slow and steady wins the race.
In a perfect world price increases would always be linear, but unfortunately that never happens. HODLing instead of trading frequently is probably the best option for most people. I usually advocate long-term strictly periodic constant fiat rate dollar cost averaging: It reduces the likelihood of a panic-inducing drawdown (and the stopping time for drawdowns). It is just about the only thing I can broadly recommend to a majority of people without doing much harm. If I try to tell people how to optimize outcomes in the way in which I seek to do it, they never seem to get similar results (often get virtually opposite results), and everyone feels bad about it. |
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Polo trollbox is now full of people bragging about their profit on XMR shorts.
That means they cover, supporting price #GoodForXMR. Nice steady rise is the best case scenario. And in fact it seems to be settling into a new USD level. Monero has leveled up, now a class 10 Warrior. Lisk, I'm looking at you. |
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Regardless, looks like the intraday bottom is in.
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I think this regulation is impending, and will do significant damage to BTC: http://europa.eu/rapid/press-release_IP-16-2380_en.htmBut it will be of significant benefit to XMR on a BTC-relative basis. It may well damage XMR relative to fiat, however, at least initially. |
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Let's try to keep it down to 2x monthly, people. Slow and steady wins the race.
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I love it when a plan comes together. And if we don't come apart, we will definitely come together. Right now. Over me.
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Do you think Monero price can quickly climb to the level of 0.015?
If you have enough BTC, sure. You would have to be super motivated to spend it all that way though, wouldn't you? Unless you know of someone with the means and motive, then, the answer is no, not quickly; but, slowly? Definitely yes. |
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And it was at $1.50 pre vote results. Now it's hovering around $1.30. It takes a little longer to tank. Some people say it's because it has wider adoption. I'll believe it when it see it.
it was pumped in anticipation of a remain vote shortly before the vote. Realistically the pre Brexit vote value was around ~1.40. Also I expect this to create a new low around this area and start rallying during the winter. It's not like it could go down like this forever. It was a major move unseen in the Forex market as well. What's the chances of the pound attracting global adoption like Bitcoin could? https://www.youtube.com/watch?v=37iHSwA1SwEAlmost exactly the same as the odds of a UK gold standard. |
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This time I am not forgetting to cost-average my XMR buying, in a disciplined manner.
You, sir, are starting to sound like a very prosperous man. |
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assets are likely to flow in US stock markets (via the US dollar) as the sovereign bonds start to fail in Europe.
An unsolicited opinion: Good conclusions, questionable reasons; EUR is likely the weak link, not bunds. BTPs and even OATS may face a crisis, but not bunds, not forseeably, what with all the consumption in Europe feeding the mittelstadt. (Unless Germans were to suddenly become much more stupid that they have been since WW2.) Anyhow, spx/gold is unlikely to surpass 2015 highs over the next 10 years. Softs and industrials just reflect demand collapse. Monetary metals have no where to go but up now, at least 4 months out, and perhaps forever. Demographics are a bitch goddess. Either risk bottoms out in 2025 or there is a "reset" and a new regime along the way, with imperfect conversion making for massive volatility, stacked crises, and all that implies in politics. Best case scenario is conversion to a classical gold standard, which at least provides known workable precedents. It would have to start in US or China. Unlikely in any case because it is so hard to game it, long term. Why change to a game you are not guaranteed to win? CCCP is more likely to go that route than is the western deep state, due to the characteristic Chinese long view and worship of stability. Western elites prefer fascism to mercantilism. It would be ironic if the communists saved capitalism from the capitalists, eh? Governments already have a helicopter money system, it is called "food stamps" and "unemployment insurance". The plan of the TPTB is to turn more than 50% of the people into social welfare parasites, so they will always vote to continue the totalitarianism.
There will be no dropping money from helicopters. Just more and more debt piled onto to people who have to beg for more totalitarianism so they can get some government handouts for their basic necessities of life.
Entitlements are peanuts. Ask yourself where the 9 trillion went. They sure didn't go to food stamp recipients. Anyhow I am violently agreeing with you: The technological need for UBI is sheer futurism. Won't happen for decades: Regardless of hyperexponential tech curves, social capital has inertia. Generations must pass. Helicopters will continue to supply the carry trades and black budgets. They certainly won't rescue the middle classes. Saying AI can't surpass human creativity, though - that's utter bunk. Stick breaking in Banach spaces is not rocket science any more. We have the math. We just haven't had the time and money to implement it yet. |
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Is MA still calling for gold to drop below $900? That call doesn't seem likely at this time.
Actually I think that was one of his best calls. Came pretty darn close, at the bottom. |
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It can't be either deflationary or inflationary by definition. In both cases you are making a price prediction with which you could make a risk free profit if it held true. Whether you have to go long or short, you would in the end trade away the expectation.
Um...how do I logic? |
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Used to be, BTC was uncorrelated with world+dog. Now it is correlated with gold. Gold will take a breather now, unless there is a major exogenous driver for it. Maybe the halvening drives gold up, to preserve correlation? Inconceivable! Wouldn't that be interestink.
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where has risto been? i love reading his bold predictions! takes a guy with a real sack to see something from the seed, true genius!
I give risto credit for consistent and careful logic, but the true visionaries were the community members who took it from a byte coin clone with a logic bomb to within a hairs breadth of the ideal of community-based, open-process, fair-distribution crypto perfection. A lot of sweat went into that. |
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I do think that Monero is probably the best altcoin right now, since it actually does something major that Bitcoin doesn't, even if its scaling is terrible and it'll probably be replaced by a Bitcoin sidechain someday. Achieving Monero-style anonymity for everyone should be a long-term goal of Bitcoin.
Thought this was interesting to read. Bitcoin is great when you need world+dog to see your financial details. For everything else, there is monero. I think someone knows something. Bitfinex? Soon the EU will clampdown with KYC/AML, and bitcoin will be almost unusable for politically incorrect purposes as they choke off the fiat inflows. If I were bfx, I would be making contingency plans. Like hoarding some XMR before listing. Sheer speculation, mind you, but it is rational, and we have seen this before: supply dries up, then it gets listed. |
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Next resistance zone is around 270k.
That gap between 27 and 38 needs to be filled. |
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Whatevs. I am all-in as of now, so I don't care until it crosses 420ks again. Thank you, shorts!
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