Monero (XMR) Speculation thread

[GreekBitcoin]

I believe that the biggest hurdle is to pass the psychological limit of 0.01 since we couldnt break it before and people will be afraid. If we break it monero can bubble easily even to 0.02 and then drop.

But can we even reach that limit? For sure we need more people to know about XMR. If that happens really fast then sure. But most people in altcoins speculate on p&d coins that can daytrade and gain big returns in a few days. We have to bring more serious investors.  

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[Primitive]

hey guys...

so is this crazy climb manipulation?  i have not been around XMR long enough to have a sense of its movements.  this seems like too much too fast, and seems fishy.

i own some, and i want more.  but i dont want to panic buy.

[saddambitcoin]

hey guys...

so is this crazy climb manipulation?  i have not been around XMR long enough to have a sense of its movements.  this seems like too much too fast, and seems fishy.

i own some, and i want more.  but i dont want to panic buy.

be patient and average in with monero...i think it is still safe to buy in the short term until 0.008 but take a look at the charts, monero has a tendency to trend strongly and overshoot its "fair price" as more people discover its useful anonymous qualities and want some.

meaning, you'll likely have another downtrend in the future and buy when everyone else is saying "monero is dead".

patience is key, don't let your emotions get caught up in it.

[statdude]

be patient and average in with monero...i think it is still safe to buy in the short term until 0.008 but take a look at the charts, monero has a tendency to trend strongly and overshoot its "fair price" as more people discover its useful anonymous qualities and want some.

meaning, you'll likely have another downtrend in the future and buy when everyone else is saying "monero is dead".

patience is key, don't let your emotions get caught up in it.

+1

Won't matter. In 6 months it will be...      

[Brilliantrocket]

No matter who wins the CN wars, laughing at the losers will be fun.

[digitalninja81]

No matter who wins the CN wars, laughing at the losers will be fun.

Do you know the feeling of victory? It looks you're a master of bad decisions, because you're supporting this crowd.

[fatnlovelyfred]

Where is most favorable rate of Monero now? Can you name the exchanges, please

[dnaleor]

I hope/suppose this is the support line:

[Brilliantrocket]

No matter who wins the CN wars, laughing at the losers will be fun.

Do you know the feeling of victory? It looks you're a master of bad decisions, because you're supporting this crowd.

I bought DRK when it was less than 10 cents a coin. I think I know what victory feels like.

[dnaleor]

No matter who wins the CN wars, laughing at the losers will be fun.

Do you know the feeling of victory? It looks you're a master of bad decisions, because you're supporting this crowd.

I bought DRK when it was less than 10 cents a coin. I think I know what victory feels like.

I bought my first monero's also below 10 cents

[FUD_master]

Move along, nothing to see here.   

[bangersdad]

When you look at last months price action, it seems so similar to this months....a correction on 18th June followed by another leg up on the 19th June. Could we see another repeat in the next couple of days?

[dnaleor]

Seems like we had a positive breakout. The supportline is'nt violated yet

[binaryFate]

It still looks incredibly similar to last month pattern.
I love how everybody still has access to Monero at very reasonable price for a long enough time, this truly looks like organic growth and it's very healthy.

[giveBTCpls]

Bytecoin trolls go back to your own shitty 82% premined coin.

This is the Monero speculation thread, if you want to promote your scam coin and discredit Monero go troll in one of the Monero vs Bytecoin threads.

On topic: How high will we go this runup? 0.01? 0.0125? 0.015?

My guesstimate is 0.012-0.014

Im also considering this price. The real question is tho... how low will it go after that, so we can buy more during said correction? I need more cheap XMR before people realize it's true value.

[dreamspark]

Well looks like the pattern from around the 12th of June is forming again which if to be completed signals a strong leg back towards ATH. Defending the 0.00395 bottom yesterday was important and shows that this wasn't a flash pump.

I agree that the fundamentals of XMR do tend to make it pump harder as people try and get in on what is a relatively illiquid market.

Currently there is ~350BTC on the bid side and the ask side has been shrinking from over 135k XMR to around 122K XMR, this is encouraging given the relatively high emmision currently.

I wrote a post on the blockchain bloat and net hash on the main thread yesterday stating that the bloat had been much improved and the net hash and diff has followed the price rise very closely which is again a good sign. Short term: Buy, Long term: Buy. I think anything up to 0.006-0.008 is a stable price for the coin currently.

[Vanderi]

It still looks incredibly similar to last month pattern.
I love how everybody still has access to Monero at very reasonable price for a long enough time, this truly looks like organic growth and it's very healthy.

Great post thanks. Simple, to the point, enlightening, short.

[GreekBitcoin]

I am afraid a bit since we are reaching the end of the month and many miners will sell to pay for their VMs. If that is correct price will stay for a while at 0.004 which is not bad...

[feina24h]

 can Monero reach the heights of Bitcoin?

[Febo]

can Monero reach the heights of Bitcoin?

Doubt in next few years. But you never know.