[XMR] Monero Speculation

[N-rG]

0.008x incoming

Wouldn't it be funny if someone waited until you were fast asleep before pumping the next leg up?

Difficult to close a short when you're sleeping.

Sleep well...

lol amateur  get credibility and knowledge about trading...

[1714823294]

1714823294

[SalmonBraker]

0.008x incoming

Oh man, that german bitch really nerves me off!!! You bitch just be quit and dont post any predictions anymore bitch!!!

[Take A Horse To Water]

0.008x incoming

Wouldn't it be funny if someone waited until you were fast asleep before pumping the next leg up?

Difficult to close a short when you're sleeping.

Sleep well...

lol amateur  get credibility and knowledge about trading...

It's getting late over there. You better get to bed now. 

[SalmonBraker]

0.008x incoming

Wouldn't it be funny if someone waited until you were fast asleep before pumping the next leg up?

Difficult to close a short when you're sleeping.

Sleep well...

lol amateur  get credibility and knowledge about trading...

It's getting late over there. You better get to bed now. 

Ah man, you like to talk to that bitch arent you 

[TheKoziTwo]

Many people much smarter than ME have said, many times, that overall this is probably a binary-outcome type situation, i.e. either crypto in general is going to totally fail for some reason -OR- it's going to fully take over the world's finance infrastructure.

I don't think so. Today, crypto is already a major success. It fills a niche market. There's no reason why it would go to $0 just because it can't take over the world's finance infrastructure. I'm sure those of us who were around in the e-gold days can attest to that. The only reason e-gold "went to $0" was because it was centralized. Bitcoin fixed that. Now we have a working economy and it's enormous. It's way bigger than most could even dream of 5-6 years ago. So if this is it? That's alright... we'll continue with our businesses. We'll keep hoarding and trading. We'll keep our money in a place outside of government reach and send uncensored transactions. The needs of this niche is already fulfilled. We are doing fantastic.

But of course, nobody here believes this is over. We'll grow much larger, just like e-gold would have if it was left alone. Just don't think taking over the world's finance infrastructure needs to happen. I'll continue using crypto even if growth stops today.

[iCEBREAKER]

the GUI

Soon™

the GUI

[johnsmithx]

We'll keep hoarding and trading. We'll keep our money in a place outside of government reach and send uncensored transactions. The needs of this niche is already fulfilled. We are doing fantastic.

Viva La Revolución!

The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.

So it will be Soon™ then? 

Here is a proper definition of Soon™: http://wowwiki.wikia.com/wiki/Soon

[Dotto]

Tons of time without enter the room, but looking at the price more or less daily.

Looking at the chart from a EW perspective looks like bottom, isn't?

What´s the feeling?

[novag]

GUI

        Luigi and ArticMine to test on Monday(Oct 17).  If all goes well, a beta release may be imminent.

[kurious]

Tons of time without enter the room, but looking at the price more or less daily.

Looking at the chart from a EW perspective looks like bottom, isn't?

What´s the feeling?

I am not sure we're out of the woods, Dotto...  When we dipped under 0.01 the first time after the ATH, I felt (then) it was the bottom.  But we have dipped under again and on relatively low volume.

So, I would welcome your thoughts - you've made good calls in the past.  

I have been buying to get back what I sold (and more) hoping to have spare to sell on the next run.  I am sure it will come, but I am not sure it will come before Spring.  I hope the GUI will help, some say it's priced in, but I think its delay is now priced in and it will be a pleasant relief when it does finally appear.

One positive is keeping up on BTC rises in dollar terms as it has risen.   Price (with this variable taken out) must be near bottom, but I still have buys set lower.

I hope it's the bottom - but can't see another big run yet.  You?

[aerbax]

I have a feeling this isn't the bottom, but with the official beta gui around the corner, and the Jaxx wallet in 2-3 weeks, it may be a pretty good time to buy.

[kurious]

I have a feeling this isn't the bottom, but with the official beta gui around the corner, and the Jaxx wallet in 2-3 weeks, it may be a pretty good time to buy.

I'm pretty confident it's not a bad time to buy - XMR will be higher than here in the medium and long term.  Anything under 0.011 will look a steal within months.  However, it may not be the optimal time to buy.  

It can easily shoot up beyond the reach of this price as it did before, so waiting may be foolish. Personally, I have been buying as much as I can, but keeping a little powder for any final dips on this bearish run.  Any buys averaging around the 0.01 level will look sound before too long, IMHO and I know I am not the only one accumulating here.  Yes - we might take another dip back under 0.01....  but you don't want to look back and kick yourself.

The sheer amount of desperate and largely ineffective trolling is a good buy signal  

My 2c worth is buy some now and put a couple of low ball bids around 0.009X in just in case a dumper fancies his chances.  I reckon whatever you buy now WILL be saleable later - but whether the bottom is in is not something I feel able to say for sure.

If Dotto says it is, rather than asks, then take note

[BitcoinNewsMagazine]

Using longer time frames can often give a different perspective. Take a look at the 3 day XMR/BTC Polo chart. It does not look like price has bottomed but is possibly heading down to the Fibonacci 78.6% retracement or .0077.



Price could go lower. For the last speculative bitcoin bubble price even dropped below the 78.6% Fibonacci retracement and took 16 months to recover to $700.



Long term I think Monero will make a new high but certainly not in the next few months, and there is also the possibility you might be able to buy Monero for $5 again. 

[cryptoPrecise]

Damn. That's quite the resume. Predictions moving forward? Are we building a floor here around 0.01?

I think we're going to see a spike up soon with the release of the GUI. I bought a few in anticipation of that. But once the initial excitement wears off I think we'll continue to slide down and below 0.01 again. This still looks like a bear market to me, and if bitcoin continues to rally this will result in selling pressure on altcoins at least for the short term, if past behavior is any indication.

I think the above reply by TheKoziTwo sums it up perfectly.
Looking forward to the GUI Beta release in the next few days.

[Dotto]

Damn. That's quite the resume. Predictions moving forward? Are we building a floor here around 0.01?

I think we're going to see a spike up soon with the release of the GUI. I bought a few in anticipation of that. But once the initial excitement wears off I think we'll continue to slide down and below 0.01 again. This still looks like a bear market to me, and if bitcoin continues to rally this will result in selling pressure on altcoins at least for the short term, if past behavior is any indication.

I think the above reply by TheKoziTwo sums it up perfectly.
Looking forward to the GUI Beta release in the next few days.

Yeah, it feels right. Also, the .0077 bottom or something less feels right. However, Im not putting my moneros where my mouth is and Im permaholding.

I can stand dry months, but I couldn´t stand to sell/burn at the bottom. And as long as the bottom seems to be near, I just will wait for the next tide.

Thanks for your words, Kurious. I wouldn´t try to catch the exact, optimal bottom, thought. And if you are going to try, try it softly

[KeyJockey]

Many people much smarter than ME have said, many times, that overall this is probably a binary-outcome type situation, i.e. either crypto in general is going to totally fail for some reason -OR- it's going to fully take over the world's finance infrastructure.

I don't think so. Today, crypto is already a major success. It fills a niche market. There's no reason why it would go to $0 just because it can't take over the world's finance infrastructure. I'm sure those of us who were around in the e-gold days can attest to that. The only reason e-gold "went to $0" was because it was centralized. Bitcoin fixed that. Now we have a working economy and it's enormous. It's way bigger than most could even dream of 5-6 years ago. So if this is it? That's alright... we'll continue with our businesses. We'll keep hoarding and trading. We'll keep our money in a place outside of government reach and send uncensored transactions. The needs of this niche is already fulfilled. We are doing fantastic.

But of course, nobody here believes this is over. We'll grow much larger, just like e-gold would have if it was left alone. Just don't think taking over the world's finance infrastructure needs to happen. I'll continue using crypto even if growth stops today.

Yeah, Kozi... maybe so.  Nobody knows for sure BUT on the other hand, there's this...

http://nakamotoinstitute.org/mempool/speculative-attack/

Speculative Attack
by Pierre Rochard - July 04, 2014
Bitcoin will overtake weak currencies like the dollar through
speculative attacks and currency crises, not through the careful
evaluation of tech journalists and 'mainstream consumers'...

In any case, seems to me that one way or the other all this hand-wringing and gnashing of teeth around here over a couple dollars move UP or DOWN... is all really kind of silly LOL

[rangedriver]

However, it may not be the optimal time to buy.  

Don't count on it too much. No-one wants to see a descent below Dash on the marketcap.

You're right on the money in regards to February 2017 though, and definitely should expect a 400-500 million marketcap by March 1st along with Aeon in the Top 25.

Until then, just range drifting (but above the Dash cap).

[TrueCryptonaire]

A few days from now and the daily inflation equals to the daily inflation of bitcoin in the launch. After that, the daily inflation is declining and approaching to the daily inflation of June 2016...  
Ladies and gentlemen, Monero is soon a good hedge against inflation and I think that is something we should start mentioning when we are speaking about Monero because it will attract a lot of fresh fiat into the ecosystem.

There is no way I am becoming bearish anymore.
I used to be bearish in the beginning when the inflation and emission was high (each pump was hammered by the inflation). Now Monero has a great opportunity to grow more than it has grown before today. Therefore I am not scared to hold bids in the market.

[cryptodromeda]

... definitely should expect a 400-500 million marketcap by March 1st along with Aeon in the Top 25.

Music to my ears! 

[N-rG]

Using longer time frames can often give a different perspective. Take a look at the 3 day XMR/BTC Polo chart. It does not look like price has bottomed but is possibly heading down to the Fibonacci 78.6% retracement or .0077.



Price could go lower. For the last speculative bitcoin bubble price even dropped below the 78.6% Fibonacci retracement and took 16 months to recover to $700.



Long term I think Monero will make a new high but certainly not in the next few months, and there is also the possibility you might be able to buy Monero for $5 again. 

+1