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celestio
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July 19, 2014, 04:09:12 PM
Last edit: July 19, 2014, 04:32:59 PM by celestio |
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can Monero reach the heights of Bitcoin?
I wouldnt be surprised if moneros price temporarily reached $300 per coin or so later on |
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime" - Satoshi Nakamoto, June 17, 2010
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dnaleor
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Activity: 1470
Merit: 1000
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July 19, 2014, 04:38:56 PM |
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My target for Monero is 0.025 BTC short term (<1 year) with a possible bubble peak at 0.050 BTC
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TeeBone
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July 19, 2014, 04:49:26 PM |
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This bitch is gonna launch any second. Im buying.
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dreamspark
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July 19, 2014, 05:22:41 PM |
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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...
While this is a fact I would wager that the percentage of people who are cloud mining has shrunk in comparison to this time last month. Its also important to remember that most intelligent miners will sell periodically to protect themselves against crashes and many more will have sold in the spike above this price point. Also we are no where near the end of the month, ec2 bills are charged on around the 6th of the month and also are charged to credit cards so there is the scenario where you dont have to pay for what you have mined until two months from here. |
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dnaleor
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July 19, 2014, 06:00:27 PM
Last edit: July 19, 2014, 06:56:15 PM by dnaleor |
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Fibonacci retracemen,ts based of previous ATH at 10 mBTC and previous low at 2.315 mBTC 8.6% => 8.355 mBTC 61.8% => 7.064 mBTC 50.0% => 6.158 mBTC 38.2% => 5.251 mBTC 23.6% => 4.129 mBTC meanwhile, still right on track. As long as this support line holds, we are doing well   I think, once we break 5.8 mBTC we will jump to 7, maybe a short dip after that to 6 and after taht we go to 10 (and maybe above!)  This can all happen in the next few weeks... unless... Bitcoin goes in bubble mode. If bitcoin goes in bubble mode, it is very difficult to predict the outcome. I think monero isn't mature enough to just not be influenced by this. After all... if bitcoin goes from 600 USD to 6000 USD, that's a tenfold. Will monero be able to do the same price jump in fiat terms? |
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TeeBone
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July 19, 2014, 06:07:09 PM |
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^ What i've been pondering lately, what i'd do with mro if btc skyrockets. Would i sell some/how much. Im not sure, and it's irritating me.
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dnaleor
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July 20, 2014, 10:17:00 AM |
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below support line now   Will we go to the previous higher low at 3.9 or even below it to the next fib retracement at 3.65 ? |
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dreamspark
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July 20, 2014, 10:47:40 AM |
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below support line now Will we go to the previous higher low at 3.9 or even below it to the next fib retracement at 3.65 ? I wouldn't worry too much about breaking a support line based on 5 days of data. Particuarly in an immature market such as this. |
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rpietila
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July 20, 2014, 01:01:02 PM |
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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oda.krell
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July 20, 2014, 01:43:19 PM |
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Agreed with dreamspark: relatively thinly traded, and highly volatile, so I personally prefer to look at all the data I can get (and btcwisdom doesn't have the historical data). Looking at the complete poloniex data: we're back above daily SMA20 (i.e. upper daiy BB half), though not closing outside the BB (wouldn't call it a rally until that happens).  Would like to include some fib analysis, but the poloniex interfact has a strange way of defining the fib levels (from what I can tell: it's turned around for the current view of the entire history). calculating it by hand though, looks like in terms of the long term uptrend (0.00175 to 0.01) we're back to 31%, so well above the first retracement, and for the recent crash (0.01 to 0.00427) right above the first level as well. Looking ahead, I think price finding support above 0.004 (current SMA50), 0.0035 (SMA20), lend support to a more stable recovery, otherwise we might face another leg down. |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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pinky
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July 20, 2014, 02:05:10 PM |
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...poloniex interfact has a strange way of defining the fib levels (from what I can tell: it's turned around for the current view of the entire history). calculating it by hand...
I think you are going to be grateful for this link (same UI as tradingview) https://cryptrader.com/charts/poloniex/xmr/btc |
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oda.krell
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July 20, 2014, 02:15:47 PM |
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...poloniex interfact has a strange way of defining the fib levels (from what I can tell: it's turned around for the current view of the entire history). calculating it by hand...
I think you are going to be grateful for this link (same UI as tradingview) https://cryptrader.com/charts/poloniex/xmr/btc*sniff* Thank you, kind stranger.  |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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GreekBitcoin
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getmonero.org
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July 21, 2014, 08:41:57 PM |
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So your thoughts on short term. Buy sell or HODL?
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Restincoin
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July 22, 2014, 02:29:43 AM |
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So your thoughts on short term. Buy sell or HODL?
Dump and buy cheaper |
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Skinnkavaj
Sr. Member
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English Motherfucker do you speak it ?
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July 22, 2014, 02:58:22 AM |
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Just realized how much potential this altcoin really have.
I am buying in large sums right now.
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saddambitcoin
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July 22, 2014, 04:07:26 AM |
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So your thoughts on short term. Buy sell or HODL?
Short term [next 5-7 days]: HOLD Mid Term [next 2-3 weeks]: HOLD Long Term [next 3-4 months]: HOLD |
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hodlmybtc
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July 22, 2014, 04:37:14 AM |
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Just realized how much potential this altcoin really have.
I am buying in large sums right now.
Way to go! I wish I had more fiat and/or BTC to buy more at the moment  So your thoughts on short term. Buy sell or HODL?
Short term [next 5-7 days]: HOLD Mid Term [next 2-3 weeks]: HOLD Long Term [next 3-4 months]: HOLD A little improvement to your suggestions: Short term [next 5-7 days]: buy buy buy and HOLD Mid Term [next 2-3 weeks]: buy buy buy and HOLD Long Term [next 3-4 months]: buy buy buy and HOLD Disclaimer: As always never buy more than you can afford to lose and try not to buy at the top of an unsustainable rally |
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dnaleor
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July 24, 2014, 11:16:03 AM |
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Will the support hold?  |
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dreamspark
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July 24, 2014, 11:21:33 AM |
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Will the support hold? Same situation with the last time you posted a support line, the market is far too immature. That being said there are alot of people looking to buy in and the sell pressure isn't really increasing its just random dumps and people not bidding and letting their buy be filled. The dumpers run out of coins and we move back up. This is a very fair range to be in anyway. |
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dnaleor
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July 24, 2014, 11:25:57 AM |
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Will the support hold?
Same situation with the last time you posted a support line, the market is far too immature. That being said there are alot of people looking to buy in and the sell pressure isn't really increasing its just random dumps and people not bidding and letting their buy be filled. The dumpers run out of coins and we move back up. This is a very fair range to be in anyway. I agree that the market is very erratic, but people DO look at charts (otherwise, there would be no nood for publishing the charts). Some of theose patters are important... Self fulfilling prophecy edit: if we go below 4 mBTC, i'll buy some more |
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