Monero (XMR) Speculation thread

[iourzzz]

I must say that my enjoyment of this thread has increased immensely as a result of putting five or six of the most offensive trolls on "ignore".

Try it. You'll like it.

If enough people ignore them, and enough people resist the temptation to reply, they may eventually go away.

+1

Totally the same. Never banned so much before... Hehe

[iourzzz]

Depth of XMR buy orders has increased by 100+ today, currently sitting at 390 BTC.

Prepare for liftoff.

Update: Now at 425 BTC.

Even around of me few people have started to accumulate after some due diligence and this is only a tiny part of overall rising interest.

[celestio]

Wow, I must say there is a very large demand for Monero. I have a gut feeling in my stomach that there is gonna be a Bitcoin style explosion in price later on.

[thefunkybits]

Welp, new monthly lows are here... but bid support is looking fierce! 

[nioc]

someone dumped into that bid support.  ~ 40k XMR dumped in 2hrs.  price now .00315

[Joshuar]

someone dumped into that bid support.  ~ 40k XMR dumped in 2hrs.  price now .00315

Common whale tactic. Probably trying to initiate a panic sell to get the price low enough, and at the right time, drop an array of buy orders that get filled.

[dEBRUYNE]

We broke 0.00334 as support level, but I think this was the last sell off before the next run-up. What do you guys think about this? Last runup we saw a similair sell off.

[kbm]

We broke 0.00334 as support level, but I think this was the last sell off before the next run-up. What do you guys think about this? Last runup we saw a similair sell off.

It could be a lot of things. Maybe a runup, maybe a rundown .. who knows? Maybe someone just really needed their BTC back because they're scared about it going sub-500 level. Maybe someone decided to jump ship because of the massive BCN commit (their purchase orders have doubled). Maybe the BCN devs have sold off their stashes if they did mine it for a little bit while the rest of us were using bastardized code .. and are trying to cause a panic to jump to their ship. Regardless of what the reasoning is, one result that's certain is that it will likely bring more XMR and BTC to the exchanges. Unless it was in cold storage, there's not a single person trading this market that hasn't put more money on the exchange than they had on there this morning. The result will be that trading decisions will be that much easier to make.

[wadili89]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

[Brilliantrocket]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

How long term are we talking? Several months? I don't think the price will grow due to the high inflation of ~21,500 coins per day. Monero emits around 86% of its supply over 4 years. Not sure why they chose such a horrible emission schedule, it certainly hurts investor confidence.

[dEBRUYNE]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

Nothing has fundamentally changed, nothing bad happened and the devs are working on improvements + an official GUI wallet. I am still seeing this coin as a long term investment, but I have to agree on the high inflation rate. Due the high inflation rate, monero will not bubble as much as other altcoins did (like x10 short term), but I think we still will see a mini bubble, reaching somewhere between 0.006 and 0.01.

EDIT: Read the monero missives here:

https://bitcointalk.org/index.php?topic=583449.msg8195249#msg8195249 (last one)

https://bitcointalk.org/index.php?topic=583449.0 (overview)

[smoothie]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

Nothing has fundamentally changed, nothing bad happened and the devs are working on improvements + an official GUI wallet. I am still seeing this coin as a long term agreement, but I have to agree on the high inflation rate. Due the high inflation rate, monero will not bubble as much as other altcoins did (like x10 short term), but I think we still will see a mini bubble, reaching somewhere between 0.006 and 0.01.

EDIT: Read the monero missives here:

https://bitcointalk.org/index.php?topic=583449.msg8195249#msg8195249 (last one)

https://bitcointalk.org/index.php?topic=583449.0 (overview)

not sure what you meant in bold. Please clarify.

[Brilliantrocket]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

Nothing has fundamentally changed, nothing bad happened and the devs are working on improvements + an official GUI wallet. I am still seeing this coin as a long term agreement, but I have to agree on the high inflation rate. Due the high inflation rate, monero will not bubble as much as other altcoins did (like x10 short term), but I think we still will see a mini bubble, reaching somewhere between 0.006 and 0.01.

EDIT: Read the monero missives here:

https://bitcointalk.org/index.php?topic=583449.msg8195249#msg8195249 (last one)

https://bitcointalk.org/index.php?topic=583449.0 (overview)

not sure what you meant in bold. Please clarify.

I read that as he thinks it's a good long term investment.

[kbm]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

So long as its competition remains open source, and the Monero developers continue to place their efforts into providing people with a coin centered around providing people the tools of mass adoption (that isn't 80% controlled by ten people) .. absolutely.

[saddambitcoin]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

How long term are we talking? Several months? I don't think the price will grow due to the high inflation of ~21,500 coins per day. Monero emits around 86% of its supply over 4 years. Not sure why they chose such a horrible emission schedule, it certainly hurts investor confidence.

It's a great emission schedule. It ensures that there will be a sufficient amount of time for many adopters to get XMR at a good price before bubbling up. Block reward is constantly decreasing, in fact now it is below 15.

LTC emits just as many coins per day so it is not really a fair argument to say that Monero is not capable of sustaining a higher price due to the inflation rate.

[dEBRUYNE]

is monero still a strong coin in long term invesment? whats your thoughts? ty.

Nothing has fundamentally changed, nothing bad happened and the devs are working on improvements + an official GUI wallet. I am still seeing this coin as a long term agreement, but I have to agree on the high inflation rate. Due the high inflation rate, monero will not bubble as much as other altcoins did (like x10 short term), but I think we still will see a mini bubble, reaching somewhere between 0.006 and 0.01.

EDIT: Read the monero missives here:

https://bitcointalk.org/index.php?topic=583449.msg8195249#msg8195249 (last one)

https://bitcointalk.org/index.php?topic=583449.0 (overview)

not sure what you meant in bold. Please clarify.

Meant long term investment, not sure why I typed agreement :p

[nioc]

I was wrong again when I said I was finished buying.  I just sent some btc to Poloniex but it will take a few hours to get there.  This usually results in a wall being placed above the current bids.

That is the limits of my speculation.

[Jshank]

Did crypto-currency just exhale one billion USD the last few days? Anybody tracking the top 100 altcoin market cap?

[drawingthesun]

Did crypto-currency just exhale one billion USD the last few days? Anybody tracking the top 100 altcoin market cap?

No. What matters is trade volume coupled with changes in market cap.

The entire crypto market cap might be down a billion dollars, however if trade volume is 10 million dollars, then that is a better estimation of how much money is moving out or into crypto.

[vuduchyld]

Did crypto-currency just exhale one billion USD the last few days? Anybody tracking the top 100 altcoin market cap?

$1.5 billion in about 11 days.  I've got some indexes that I calculate manually, and most are down about 30%. 

https://bitcointalk.org/index.php?topic=624223.msg8366543#msg8366543

They are lower now than when I posted that this morning.