I wonder why that could be

The fact that its still pretty much all botnets/datacenter owners/sys admins perhaps.

Major investor... lol.
 
Firstly I'm no XMR fanboy. I've made good money off several coins including drk so thanks for those pumps boys. One thing I've learnt is that the true beleivers unfortunately end up as bag  holders. Nobody should get too attached to any coin as there is new innovation in this space constantly.

Few points here.

1) Why blank out the amount you have yet show the sale amount unless you've still got more.
2) Not investor, someone who dumps because they don't like the fact that someone else is pointing out the obvious wrong doings of your crypto child is not a real investor.
3) This is crypto, the wildest of the west. Dont come and cry because you don't like what someones saying about your coin. Someone who sees a scam and doesn't say is a scammer themselves. The fact that you lot think that the super fast emission is a non issue are asinine.

Fact is none of these cryptos are likely to succeed long term, hell even btc is going to struggle to make any *real* impact. I'm talking 100's of billions market cap and accepted in most places (bitpay doesn't count) not a few billion.

BTW, having a de-optimized miner that only a few knew about is eons different to mining 2 million coins in the first 48 hours. To make matters worse there were no windows binaries available at the drk launch so only a few people got those coins. Please dont tell me they were all sold for peanuts. I can sit and trade with myself all day.

I mined with the de-optimized miner from just after launch and I know I got more than my fair share of those early coins. The miner was fixed and merged very quickly. The percentages improvements that a few people experienced who knew about the optimized miner meant they had 50% more hash than they would have, but of the total network it was not a large amount.

If you think that optimized miners aren't present for all algo's then you are seriously mistaken. I have x11 miners that are faster than the public ones available now, does that make all x11 algo coins a scam?

Bookmarked for future lulz

Regarding the bolded part, very few alts are actually used in real world scenarios. The aim of 90% of the market is to speculate on alts. Buy low sell high to aquire more fiat/btc. This will continue to be the case until real world uses for these alts are established. You cant be surprised as people move from coin to coin to acheive this goal.

Furthermore how much of a gamble is it to buy when Risto says that the price will start rising ? Compared to some alt plays I've been involved in that was the easiest wave to ride I've ever seen. One thing I've been pondering lately is what would have happened if the announcement had not been made and Risto chose to buy slowly and quietly instead of conjuring up such gusto within the market.

EDIT: I know I'm bearish in general and Ive been this way since 0.0035+ so I feel justified. Note I'm not saying that its crashing and burning just that this wave is subsiding. Another accumalation period will likely happen before another wave takes over. Its just market movements, bulltards and beartards both look stupid when they either say it's mooning or its dying.

This thread is pure comedy gold.

As specualted on days ago (0.0035 area) this was inevitable, once the major uptrend ended and the huge market buys that were pumping the market stopped, the volume would drop off and we would go back to a slow decline, how low and for how long? Thats anyones guess, it would not suprise me to see 0.0015 as more of the speculators who bought on 'the announcement' exit with their profit. *Disclaimer, I'll begin buying back sub 0.002. Incedently there is less than 40btc currently to go under 0.002. It was 100's of btc a couple of days ago.

If anything XMR demonstrates what a good emmision and distribution schedule looks like. It's extremely hard to pump this market for any significant period of time, once the interest wanes and the volume drops it returns to pre pump levels. Lets not forget the price on cryptonote exchange was between 0.001 and 0.002 for almost the whole time it traded. 10-11 months down the line it is still valued around the same range, I find that fairly impressive. As long as you didnt buy the pumps there have been at least 6-7 months in the life of xmr where you have been able to buy at a price of 0.001-0.002 ish.



Also as I speculated about the buy support has been decimated, plenty of sales but mostly pulled as always.




Well I guess it disappeared  

Seems it was the one man dash show with that dump.

Probs a good time to buy some drk quickly before he buys that up lol

16k dump followed by a 20k ask wall. Any takers?

Seems sub 0.002 is many many times more likely than 0.01.

Will be very interesting to see which way it goes once the volume picks up again. Bid sum has decreased massively, though if I was playing market maker its exactly what I'd do before pumping. As I've said for a few days though, its not a traders coin. It not going to 5x/10x anytime soon. Speculators are leaving. However imo it could easily go to 0.0015 levels but if you haven't sold already it might be a little late to do it now (only for larger positions, people trading just a few k XMR will likely have the liquidity to buy their stash back.)

Poor whale replenishing his buy walls at 0.004.

I'm not sure why you keep butting into general speculation talk with injections that are just pure trolling, this is twice in the last week that you've tried to place me in a certain market position based upon 0 knowledge. I've said for the past fucking year that I have a big bag of XMR and only trade with a very small percentage of it. I'd appreciate it if you stopped with the childishness. In regards to your "just another altcoin" quote, maybe if you quoted me in full "MOST PEOPLE (not necessarily I ) think this is just another altcoin" there might even be some context to your post.

There is the scenario there of course, but right now/in the near future I'm not so sure. Most people see this as just another alt coin that will see no real world use. To be fair why wouldn't they? There is always new innovation, new ways of doing the same thing that are better. I firmly believe (maybe wrongly) that there will be a coin that grabs my attention on the privacy/anon front just as hard as XMR did in the near future. NO alt can ever replace btc's first mover advantage and network effect in this capacity. We are so young in the space of crypto that it would be naive to think that a coin that is born around this time will ever be in use or the best choice in years to come.

This I can agree with, it is for sure one of the few projects with real merit. Unfortunately in a speculator driven market that doesn't count for much. The majority of people use alts for the sole purpose of generating btc, particualry the whales who can move and hold markets. Thefore the economic principles (high inflation) that actually are a good thing for the distribution of the coin generally count against it in terms of speculatory gains. It still holds that in the future it can be a serious contender in the crypto space but with alts the money comes and goes into coins very quickly. My point is just from a speculators point of view there are plenty of other oppurtunities to make gains. XMR really isn't a traders coin, its an investment and thats a good thing as long as you treat it so.

I still don't think it could outpace the inflation, this is due to a few reasons such as Ive said before where the majority of coins are mined at a very small cost to the miners. Even a 4x from here (which is a small rise in alt terms) to a price of 0.01 means 150btc daily inflation, I find it very hard to make an argument where XMR could hold that level of inflation for a significant period.

The thing with XMR is as I said previously for a speculator there isn't that much upside. The chances of the price x5 and staying there while inflation is at the level it is is very small. In the long distance future there is the potential for large gains but its not like its going to happen overnight and you miss the train. Face it, hardly any alts are actually used there is a very high probability that by the time XMR reaches the level where serious gains are likely there very may well be a better crypto that suits the same niche with quicker development etc etc. People speak like this coin can't die but that depends on what you mean by dead. Will its trading volume go to 0? Unlikely. Will the price slide and the general interest around the coin die out. Much much more likely. Its very hard to find a reason to load the boat up now, much better to watch from the sidelines, the risk reward just isn't there.

My theory from the other day still stands. A lot of the buy support is botnet miners wanting to sell higher. XMR is one of the only coins where the majority of emmision is sold. Only a few entities receive the vast majority of the newly minted coins. This means that they can constantly sell as was the case through most of the last 9 months where ask side was thin and buy orders kept getting dumped on, then when there is bullish sentiment hold off on selling causing the price to rise and accumalte coins. Then when they think the sentiment is changing start selling of the large amounts of coins accrued. Thats where all the coins keep coming from.

The emmision schedule of XMR is very good for maintaining a stable price, discounting the first mania phase it has been one of the most stable coins, relatively. There is no chance of XMR going to 0.01 and beyond (if btc stays around current price) while the emmision is still so high. Not because there isn't the money out there but it is in nobodies interest to buy up to that price and give the botnet operators more btc for the *free* coins they mint. If the mining network was not mostly botnets then more coins would be kept by miners who are actually interested in the coin and the effects of emmision would be less profound. Everyone seems to be fighting against what the emmision schedule was desinged to do, give a long distribution phase and allow many people to get a peice of the pie at a decent price.

Comparing myself to truecryptonaire, now you really should say sorry  .

Its a speculation thread of course people are going to talk their book, who would be long and then speculate its going down and who would be short and say its going up. Clearly you're long so you dont mind the people in here saying 0.01 as that fits your narrative, if anyone says it might go down though then they're manipulating feelings. lol

There is when you're stating incorrect facts (I was buying at 0..04) as an argument against my points...

Talk about changing the subject lol. There was around 380btc yesterday. As far as I can see a lot of the support isn't real, surprise surprise (same with btc). imo (remember this is a speculation thread not a these are facts thread) a lot of the support is miners keeping people from selling, you know cause why would you sell with all that support, to keep the price up so they can offload their virtually free botnet coins at a higher price.

LOL I certainly was not buying anywhere near that price, perhaps you should look at the trollbox archive and then you can apologise  You'll find I said I was out (of my trading stash) when the price was way higher than it is now.

Clearly you don't know but I've been here since almost the beginning, was mining and buying coins otc for 0.0003-0.0006/xmr so I dont need to buy back cheaper. I have a massive bag with the average cost way below yours, of that I can guarantee.

Perhaps, chances of sub 0.002 are much higher than 0.01 imo. Please dont say but there's x amount of buy support. 1) We all know that can disappear  in an instant 2) daily inflation at 0.01 is 150btc so even if the price was to go near there it wouldn't be for long, just like when it was visited in the June pump. Difference this time being there are far more coins in circulation.

Yeah I didn't get banned because of this thread though, I got banned for mentioning crave in the wall observer thread while people shill other shitty coins there all day. Worked out great though as I got pissed off for being banned, dumped my crave then bought back after calming down 2x as much. Set up another 6 MN as well so lifes good.

208, someones busy .

Ah back after my three day ban lol

205 masternodes and counting ~20% of supply tied up in them.