lolikop
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April 09, 2016, 12:03:40 AM |
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Doom or massive shakeout? Opinions?
This dump without a single bad news common its pure new $$$ getting in
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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April 09, 2016, 12:05:17 AM |
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Doom or massive shakeout? Opinions?
I would say we are seeing a dead cat bounce, but how knows
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TeeBone
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April 09, 2016, 12:06:10 AM |
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Volatility coming in, 3 day macd flips within a week. Hopefully we kiss it and blast thru 430, keep ya stops tight.
Yes, sir.
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vuduchyld
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April 09, 2016, 12:06:33 AM |
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Doom or massive shakeout? Opinions?
Nothing has changed in 30 minutes... Except price! And by quite a lot. This follows a week of obvious fake walls and attempts to shake weak hands. Why would doom be coming? Dont succomb to emotion. XMR is exactly what it was yesterday. Selling now gives your stash to whales at a discount. This is what happens in wild, unregulated markets.
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explorer
Legendary
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Activity: 2016
Merit: 1259
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April 09, 2016, 12:06:55 AM |
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Doom or massive shakeout? Opinions?
Shakeout. The bid stack went flat ~300 BTC, now its healthier again above 500. Far more bids pulled than filled.
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lolikop
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April 09, 2016, 12:13:16 AM |
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Who ever dumped this low will buy back probably with 300% more $
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phishead
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April 09, 2016, 12:26:24 AM |
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Jeeze... wish I had more bitcoin on hand to buy at these prices. I wouldn't expect this drop off to go below 27 My speculation:
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DropDead.Be
Newbie
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Activity: 56
Merit: 0
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April 09, 2016, 12:26:39 AM |
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Sometimes,
I wonder if all "the whale is going do to this, and whale does that talk" is either from desperate traders or its a whale, smart enough to act like a concerned trader.
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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April 09, 2016, 12:27:44 AM |
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Bounced nicely off the 50% fib retracement level. Although, it would've been better if it stayed above that horizontal support zone of 320-330k.
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phishead
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April 09, 2016, 12:36:37 AM |
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Sometimes,
I wonder if all "the whale is going do to this, and whale does that talk" is either from desperate traders or its a whale, smart enough to act like a concerned trader.
From what I've gathered most on these forums, is that anyone on bitcointalk (especially in the altcoin section) is desperate for attention or any thing that makes them seem "more wise" than the next person. Fact is, is that no one knows what EVERYONE is doing; and even if they were in some "secret whale group" that can possibly manipulate the market, there is plenty of other whales that can possibly manipulate too. I love how a lot of people say that they know some whale that is going to do something in the market, and then argues back and forth with other shit posters about who's whale is going to "win". If you really knew someone is going to do a huge sell or a huge buy, you wouldn't proclaim it... you would quietly buy/sell, sit back and watch.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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April 09, 2016, 12:37:15 AM |
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Glad I left low bids lingering, just in case - didn't expect to get them filled, but... Nom Nom Nom! Let's see if it fills back up to 320 / 330 range now..
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我想要火箭和火车
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25hashcoin
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April 09, 2016, 01:09:26 AM |
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Well then.
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Bitcoin - Peer to Peer Electronic CASH
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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April 09, 2016, 01:27:17 AM |
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As you can see from the statistics, still a lot of shorts are taken out and mostly placed at the asks in the 305-310k zone. In case it will go down further we'll have at least some additional liquidity to catch the dumps. http://monerodice.pd.to/polo.php
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TPTB_need_war
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April 09, 2016, 01:49:06 AM |
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Sometimes,
I wonder if all "the whale is going do to this, and whale does that talk" is either from desperate traders or its a whale, smart enough to act like a concerned trader.
From what I've gathered most on these forums, is that anyone on bitcointalk (especially in the altcoin section) is desperate for attention or any thing that makes them seem "more wise" than the next person. Fact is, is that no one knows what EVERYONE is doing; and even if they were in some "secret whale group" that can possibly manipulate the market, there is plenty of other whales that can possibly manipulate too. I love how a lot of people say that they know some whale that is going to do something in the market, and then argues back and forth with other shit posters about who's whale is going to "win". If you really knew someone is going to do a huge sell or a huge buy, you wouldn't proclaim it... you would quietly buy/sell, sit back and watch. Precisely my impression of most of the useless posts in this thread. You said it, not me. I would not relish lacking any desire or ability to actually be working on development of something and instead expending my days watching bid / ask walls, which in the following context seems to be akin to watching paint dry or counting the mosquitos inside my grass hut. Speculation is a productive activity. Even day trading is productive in the sense of providing liquidity. But pretending to be a day trader while being a conflicted shill (i.e. entirely handicapped from pursuing arbitrage), seems to be entirely pointless and/or some sort of objectiveless affliction of the incapable.
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smooth (OP)
Legendary
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Activity: 2968
Merit: 1198
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April 09, 2016, 02:12:05 AM |
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@TPTB_need_war
I'm not sure if I agree (by which I do not mean that I necessarily disagree) about the uselessness of (many) posts on this thread.
As you said, providing liquidity is a useful activity, and empirically Monero has had relatively high volume and relatively good liquidity (by which I mean strong order books) for most of its lifetime. Contrast that with coins that may have high volume during pumps, but turn into are ghost towns with pathetic order books the rest of the time.
This thread also happens to be the most popular alt discussion thread on the entire forum by a wide margin. Is that a coincidence, or is having a good, active venue where traders and long- and short-term speculators can communicate (sometimes seriously, sometimes more socially, sometimes ignorantly, sometimes informatively, sometimes manipulatively) part of what contributes to that liquidity?
I'm not sure it is really possible to separate out the factors that have made Monero as successful as it is.
It's certainly not for everyone though. If I were forced to consistently read the BTC wall observer thread, suicide would become an attractive alternative.
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TPTB_need_war
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April 09, 2016, 02:40:38 AM Last edit: April 09, 2016, 03:00:51 AM by TPTB_need_war |
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As you said, providing liquidity is a useful activity, and empirically Monero has had relatively high volume and relatively good liquidity (by which I mean strong order books) for most of its lifetime. Contrast that with coins that may have high volume during pumps, but turn into are ghost towns with pathetic order books the rest of the time.
This thread also happens to be the most popular alt discussion thread on the entire forum by a wide margin. Is that a coincidence, or is having a good, active venue where traders and long- and short-term speculators can communicate (sometimes seriously, sometimes more socially, sometimes ignorantly, sometimes informatively, sometimes manipulatively) part of what contributes to that liquidity?
I'm not sure it is really possible to separate out the factors that have made Monero as successful as it is.
It's certainly not for everyone though. If I were forced to consistently read the BTC wall observer thread, suicide would become an attractive alternative.
Good point. I wouldn't conceive of using humans as "wind up toys" (collateral damage) * as a way providing that liquidity though. I hope for another means to that end. * I guess there is a skill in every thing even I perceive it to be mundane, just doesn't correlate to my interests. For example, I am researching right now the a novel design for a new programming language.
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cAPSLOCK
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Activity: 3766
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Whimsical Pants
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April 09, 2016, 05:00:16 AM |
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Wow. I log in and all my 285 bids are totally filled. Didn't expect that. Kinda considering selling them all right here. Lock in a simple profit...
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bitebits
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Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
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April 09, 2016, 06:59:20 AM |
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Doom or massive shakeout? Opinions?
This dump without a single bad news common its pure new $$$ getting in Could it be ShapeShift's XMR hot wallet balance that got dumped? They got hacked and only BTC/ETH is up and running again, other alts back online over the next Weeks. https://www.reddit.com/r/shapeshiftio/
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
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Kramerc
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April 09, 2016, 07:02:25 AM |
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Doom or massive shakeout? Opinions?
This dump without a single bad news common its pure new $$$ getting in Could it be ShapeShift's XMR hot wallet balance that got dumped? They got hacked and only BTC/ETH is up and running again, other alts back online over the next Weeks. https://www.reddit.com/r/shapeshiftio/I can't see how they could have so much liquidity in their hot wallet. More likely it's just that the market needed a heavier correction.
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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April 09, 2016, 07:10:47 AM |
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Is it the size of my ego or why Monero seems to gravitate towards me? P.S. I am raising Moneros to Heuristic. Please feel free to tip him directly with the adress on my signature box.
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