THE RISE AND RISE OF MONERO

[aminorex]

I always thought Boolberry was far superior to Monero but paid trolls and whale backers run these markets, not tech unfortunately.

You realize that guy in your avatar got hacked to death with machetes and axes?

He should have bought stealthy Monero.

[BitcoinNewsMagazine]

Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.

[solid12345]

I always thought Boolberry was far superior to Monero but paid trolls and whale backers run these markets, not tech unfortunately.

You realize that guy in your avatar got hacked to death with machetes and axes?

He should have bought stealthy Monero.

This is how I honor his memory 

[aminorex]

Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.

I think your  starting point is too low.  We already bounced off the 50% fib

[BitcoinNewsMagazine]

Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.

I think your  starting point is too low.  We already bounced off the 50% fib

.0063 is also confirmed as a significant support using PnF charts. I consider that the Monero bull run started when traders became aware that the SIGAINT email service had started a public Monero node on Tor. You can also tell from inspecting the charts that accumulation began about two months before the public announcement. That could be a fluke or possibly those in the know were stocking up on cheap Monero. rpietila considers the retracement bottom to be between .0042 and .0052.

[Hueristic]

Fibonacci has never and probably will never work on XMR market, use it and lose. You have been warned.

I used Fibonacci and Bollinger Bands. It seems helping much in XMR trading. In any trading with high volume and liquidity, Fibonacci combination to other technical indicatiors are very useful

Yeah, have fun with that.

I always thought Boolberry was far superior to Monero but paid trolls and whale backers run these markets, not tech unfortunately.

You realize that guy in your avatar got hacked to death with machetes and axes?

He should have bought stealthy Monero.

LOL, can you link it for me.

Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.

I think your  starting point is too low.  We already bounced off the 50% fib

.0063 is also confirmed as a significant support using PnF charts. I consider that the Monero bull run started when traders became aware that the SIGAINT email service had started a public Monero node on Tor. You can also tell from inspecting the charts that accumulation began about two months before the public announcement. That could be a fluke or possibly those in the know were stocking up on cheap Monero.  

do you really think the whales that are fully capable;le and do manipulate this little pond of a market don't react to people using the tools your touting? DUH it plays into their hand. Why not just post right before your gonna buy, oh wait you are by following incorrect tools.

whatever you guys have been warned remember that when your ass is burned.

[solid12345]

whatever you guys have been warned remember that when your ass is burned.

Alpha Bay wrote this on reddit

"We expect this to cause a spike in the price, so if you are an investor, now is the time to purchase Monero."


This is an obvious clue this thing is going to be manipulated either way, no doubt the two dark markets colluded together and bought up a bunch of Monero beforehand.

Hell for all we know they make their fortune off longing and shorting XMR and out of nowhere shutter both markets, why keep running the risk of running a huge underground narcotic operation when you can make a fortune off the crypto markets and retire easily?

I got my popcorn ready 

[aminorex]

Alpha Bay wrote this on reddit

"We expect this to cause a spike in the price, so if you are an investor, now is the time to purchase Monero."


This is an obvious clue this thing is going to be manipulated either way, no doubt the two dark markets colluded together and bought up a bunch of Monero beforehand.

Definitely.  Why do you think it was ramping since May?  The rule is to buy the rumor, and sell the news.  But eventually the fundamentals will dominate.  If XMR denominates 10% of the AlphaBay transactions in December, the price should be at least $25 by New Year's Day.

[LiskKing]

FLUFFYPONY THE LEGENDARY (NEW VIDEO) : https://www.youtube.com/watch?v=YVlQE-ObEXk

[smoothie]

Alpha Bay wrote this on reddit

"We expect this to cause a spike in the price, so if you are an investor, now is the time to purchase Monero."


This is an obvious clue this thing is going to be manipulated either way, no doubt the two dark markets colluded together and bought up a bunch of Monero beforehand.

Definitely.  Why do you think it was ramping since May?  The rule is to buy the rumor, and sell the news.  But eventually the fundamentals will dominate.  If XMR denominates 10% of the AlphaBay transactions in December, the price should be at least $25 by New Year's Day.

How did you come to that conclusion that 10% implies $25?

[LiskKing]

Flufflyponies he say in video "Bitcoin is not fungible"   - Roger Ver is thinking good. Money must be fungible

[kanyesbest]

Alpha Bay wrote this on reddit

"We expect this to cause a spike in the price, so if you are an investor, now is the time to purchase Monero."


This is an obvious clue this thing is going to be manipulated either way, no doubt the two dark markets colluded together and bought up a bunch of Monero beforehand.

Definitely.  Why do you think it was ramping since May?  The rule is to buy the rumor, and sell the news.  But eventually the fundamentals will dominate.  If XMR denominates 10% of the AlphaBay transactions in December, the price should be at least $25 by New Year's Day.

How did you come to that conclusion that 10% implies $25?

Would like to know this as well

[aminorex]

You realize that guy in your avatar got hacked to death with machetes and axes?

He should have bought stealthy Monero.

can you link it for me.

I consider it unfunny, but here you go:  http://www.bbc.com/news/world-asia-india-36804209

Correction:  "stones and a sharp weapon"

[Hueristic]

You realize that guy in your avatar got hacked to death with machetes and axes?

He should have bought stealthy Monero.

can you link it for me.

I consider it unfunny, but here you go:  http://www.bbc.com/news/world-asia-india-36804209

Correction:  "stones and a sharp weapon"

Thx, never heard of the guy and I have Avy's disabled. even if I enabled them though I would not have found that article. Weird man, wearing all gold in a third world country. Big surprise what happened. He'd be in alot of danger in most 1st world cities.

[aminorex]

How did you come to that conclusion that 10% implies $25?

Frankly, it's a SWAG.  Give it no weight because I haven't done the math yet.  In fact, I haven't even built a proper parametric model to calibrate with data yet.  Not that it's hard.  It's not.  Go for it.  I am sure you can provide a more principled number, more worthy of contemplation. Of course it will be subject to endless debate regarding parameters, at least.  These forums are excellent sources of criticism and refinement, if you can disregard the noise, because people here care about the subject.

My hand-wavy reasoning is that AB does at least as much traffic as SR.  Incremental QToM value derives from that traffic.  SR supported roughly $100 BTC.  (BTC and XMR float are close enough to disregard at this level of granularity.) Thus, 10% of AB should support about $12 in incremental value.  The baseline to which that adds is the value before AB traffic (31 Aug), which I estimate at $8, for a total of $20.  The additional $5 comes from a seat-of-the-pants adjustment for increased speculative interest in the 2016 environment, as compared to the 2013 environment.  I think it is a very conservative estimate of the correct multiplier.

[LiskKing]

How did you come to that conclusion that 10% implies $25?

Frankly, it's a SWAG.  Give it no weight because I haven't done the math yet.  In fact, I haven't even built a proper parametric model to calibrate with data yet.  Not that it's hard.  It's not.  Go for it.  I am sure you can provide a more principled number, more worthy of contemplation. Of course it will be subject to endless debate regarding parameters, at least.  These forums are excellent sources of criticism and refinement, if you can disregard the noise, because people here care about the subject.

My hand-wavy reasoning is that AB does at least as much traffic as SR.  Incremental QToM value derives from that traffic.  SR supported roughly $100 BTC.  (BTC and XMR float are close enough to disregard at this level of granularity.) Thus, 10% of AB should support about $12 in incremental value.  The baseline to which that adds is the value before AB traffic (31 Aug), which I estimate at $8, for a total of $20.  The additional $5 comes from a seat-of-the-pants adjustment for increased speculative interest in the 2016 environment, as compared to the 2013 environment.  I think it is a very conservative estimate of the correct multiplier.

XMR China News: http://tech.qianlong.com/2016/0825/868402.shtml
http://www.insightcrime.org/news-analysis/us-shell-companies-aid-crime-groups-in-latin-america-and-beyond
http://www.insightcrime.org/news-briefs/report-highlights-importance-of-trade-based-money-laundering-2
http://www.insightcrime.org/news-briefs/sinaloa-cartel-laundered-money-in-colombia-using-textiles-report

mainstream media - cnn,cnbc have not mention Monero yet. If this happen, then what to price?

[iCEBREAKER]

Maybe he accumulate when the price was 0.003, now he has tripled the btc worth of holding. 

Maybe it was even earlier. 

You can thank Bitcoin Core for crippling Bitcoin's ability to scale for motivating me to take a look at alt coins.

Felons moving to Monero Mountain?

Well, there goes the neighborhood.   

It was nice while it lasted.

[bbc.reporter]

So what is next for Monero? Will more 3rd party developers take an interest in it? It needs more 3rd party apps and programs to make it easier for interested users. It needs a better light wallet than the one it has now and also a better web wallet. I know that the ones available or ok but if it intends to be like bitcoin it needs better software available to use.

Is it possible to make a Multibit wallet for XMR? How much would it cost for someone to commission the creation of it?

[Deepcleen]

So what is next for Monero? Will more 3rd party developers take an interest in it? It needs more 3rd party apps and programs to make it easier for interested users. It needs a better light wallet than the one it has now and also a better web wallet. I know that the ones available or ok but if it intends to be like bitcoin it needs better software available to use.

Is it possible to make a Multibit wallet for XMR? How much would it cost for someone to commission the creation of it?

I think it will just follow the steps of the bitcoin. More infrastructre build will happen for the monero in the next few years for it to be widely used.

[BitcoinNewsMagazine]

So what is next for Monero? Will more 3rd party developers take an interest in it? It needs more 3rd party apps and programs to make it easier for interested users. It needs a better light wallet than the one it has now and also a better web wallet. I know that the ones available or ok but if it intends to be like bitcoin it needs better software available to use.

Is it possible to make a Multibit wallet for XMR? How much would it cost for someone to commission the creation of it?

Since KeepKey bought Multibit the person to talk to is Darin Stanchfield on /r/keepkey