Bitcoin Forum
December 03, 2022, 03:52:46 PM *
News: Bitcointalk Community Awards
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 [1244] 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 ... 2188 »
  Print  
Author Topic: [XMR] Monero Speculation  (Read 3308080 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1026



View Profile
November 08, 2016, 12:34:04 PM
 #24861

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

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)
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1670082766
Hero Member
*
Offline Offline

Posts: 1670082766

View Profile Personal Message (Offline)

Ignore
1670082766
Reply with quote  #2

1670082766
Report to moderator
1670082766
Hero Member
*
Offline Offline

Posts: 1670082766

View Profile Personal Message (Offline)

Ignore
1670082766
Reply with quote  #2

1670082766
Report to moderator
1670082766
Hero Member
*
Offline Offline

Posts: 1670082766

View Profile Personal Message (Offline)

Ignore
1670082766
Reply with quote  #2

1670082766
Report to moderator
dEBRUYNE
Legendary
*
Offline Offline

Activity: 2268
Merit: 1141


View Profile
November 08, 2016, 01:18:01 PM
 #24862

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.


Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Bagatell
Hero Member
*****
Offline Offline

Activity: 722
Merit: 500



View Profile
November 08, 2016, 01:27:16 PM
 #24863

and the daily pSAR just flipped to bullish
bobabouey2
Sr. Member
****
Offline Offline

Activity: 248
Merit: 250


View Profile
November 08, 2016, 02:07:44 PM
 #24864

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

FWIW, if the trusted setup fails, privacy is apparently not compromised.  The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing.  And, no-one would know about that supply.  Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.
bobabouey2
Sr. Member
****
Offline Offline

Activity: 248
Merit: 250


View Profile
November 08, 2016, 02:20:26 PM
 #24865

Buy orders back above 3,000 on Poloniex for the first time in a while...
obit33
Sr. Member
****
Offline Offline

Activity: 514
Merit: 258


View Profile
November 08, 2016, 02:21:44 PM
 #24866

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

 Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?
Dafar
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


dafar consulting


View Profile
November 08, 2016, 02:26:47 PM
 #24867

Well I'm glad to see Monero up a bit.
Maybe people are starting to realize Zcash won't totally kill the market and that Monero is a solid technology?


Maybe it's painfully obvious that if you go back to the same levels BEFORE the pump even started -- 0.06/btc -- a price that was steady when there were NO DNM's using Monero.... it's probably a sign that XMR has been oversold and this is probably a good entry point.

RingCT and GUI is still yet to be released, as far as I know. There is plenty of room for growth from here. The market can still be irrational and re-visit 0.06 or even dip down to 0.04 as BTC keeps looking hella bullish. But for long term 0.06-0.08 is solid imo.

It also helps that Zcash is turning out to be a disaster... what kind of idiot would support a coin where founders get 20% of all supply lmao. RingCT essentially gives Monero the same features as Zcash

I think you are missing a zero just to the right of the decimal.

Monero opened this year @ 0.001142 so we are up ~715% since then vs btc and btc is up ~62% vs USD so......hold on I have to take off my shoes.

And no the pump started before 0.006, around 0.00420  Grin and there was obvious upwards pressure before the pump.


I can say what has happened but as far as what will happen I can say little except............overall up over the long term, unlike almost every coin.


I was missing a 0, whoops!

Regardless, 0.006 is a good buy for long term. Right now at 0.0086 I'm not sure since we are still in a bear market... sharp rises should be looked at with caution.



what kind of idiot would support a coin where founders get 20% of all supply lmao.

https://bitcointalk.org/index.php?topic=421615.0;topicseen


Lol! Good one


I can't stand Dash and their shady smear campaigns




███████████
███████████████
█████████████████████
█████████████████████████
█████████████████████████████████
██████████████████████████████████
██████████████████████████████████████
███████████████░████░░███████████████████
██████████████░░█░░█░█░░█░░██████████████
██████████████░░█░░█░█░░█░███████████████
█████████████████████████████████████████
███████████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀████████████
██████████████████████████████████
█████████████████████████████████
█████████████████████████
█████████████████████
███████████████
██████████
|
|
|
dEBRUYNE
Legendary
*
Offline Offline

Activity: 2268
Merit: 1141


View Profile
November 08, 2016, 02:29:51 PM
 #24868

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

FWIW, if the trusted setup fails, privacy is apparently not compromised.  The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing.  And, no-one would know about that supply.  Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

It isn't compromised until the exploit is used. However, after the exploit is used the attacker could comprise privacy too. See this article (under "Sybil zk-proof attack") for a more extensive explanation:

http://weuse.cash/2016/10/28/the-untrusted-setup/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
dEBRUYNE
Legendary
*
Offline Offline

Activity: 2268
Merit: 1141


View Profile
November 08, 2016, 02:30:49 PM
 #24869

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

 Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?

No, they are serious about this proposal. See:

https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=29m00s

&

http://weuse.cash/2016/10/28/the-untrusted-setup/ (under "Chain rollbacks")

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
obit33
Sr. Member
****
Offline Offline

Activity: 514
Merit: 258


View Profile
November 08, 2016, 02:41:02 PM
 #24870

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

 Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?

No, they are serious about this proposal. See:

https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=29m00s

&

http://weuse.cash/2016/10/28/the-untrusted-setup/ (under "Chain rollbacks")

What? damn, mindblown here...

This is a techno-geek speaking without any understandig of monetary theory/economics...
CryptoPH
Full Member
***
Offline Offline

Activity: 161
Merit: 100

<3 Crypto


View Profile
November 08, 2016, 03:09:38 PM
 #24871

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.



So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

BitcoinNewsMagazine
Legendary
*
Offline Offline

Activity: 1806
Merit: 1164



View Profile WWW
November 08, 2016, 03:41:03 PM
 #24872

Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.

CryptoPH
Full Member
***
Offline Offline

Activity: 161
Merit: 100

<3 Crypto


View Profile
November 08, 2016, 03:46:20 PM
 #24873

Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.


XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.

IMHO, Monero have enough liquidity to obey EW now.

bitwolf
Full Member
***
Offline Offline

Activity: 186
Merit: 100


View Profile
November 08, 2016, 04:10:01 PM
 #24874

Monero always the top traded coin even from one single market and still the corrupt and selfish markets don't adopt it.
Hueristic
Legendary
*
Offline Offline

Activity: 3290
Merit: 3711


Doomed to see the future and unable to prevent it


View Profile
November 08, 2016, 04:28:51 PM
 #24875

Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.


XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.

IMHO, Monero have enough liquidity to obey EW now.

Wrong, it's just manipulated at a much higher level now.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
CryptoPH
Full Member
***
Offline Offline

Activity: 161
Merit: 100

<3 Crypto


View Profile
November 08, 2016, 04:37:32 PM
 #24876

Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.


XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.

IMHO, Monero have enough liquidity to obey EW now.

Wrong, it's just manipulated at a much higher level now.

Seriously? Then somehow the manipulator follows EW and applying basic patterns on the chart. Smiley

BitcoinNewsMagazine
Legendary
*
Offline Offline

Activity: 1806
Merit: 1164



View Profile WWW
November 08, 2016, 05:15:17 PM
Last edit: November 08, 2016, 07:36:50 PM by BitcoinNewsMagazine
 #24877

In reference to @CryptoPH posts yes three impulse waves up is a common trading pattern, usually followed by two corrective waves down. Even if the wave structure does not fit the strict EW criteria, buying at the top of the third impulse up, especially if close to resistance, is usually not the best idea. Instead consider waiting for a two step correction down to buy. If Monero is following this pattern now on the one hour chart price should decline to .008 soon perhaps today. I would not buy there though for reasons below.

As long as I have been following Bitcoin and Monero the most useful TA tools to help give me an edge on entries and exits are Fibonacci retracements and extensions which definitely work very well with Monero. The 200 moving average on daily and weekly charts is another.

Also at present looking at the weekly chart 0.01 is stong overhead resistance because the previous ATH of June 2014 is reinforced by a Fibonacci 23.6% retracement level at .0107:



With the strong overhead resistance at .01 it is hard to justify going long now. Risk vs reward is not good. If price were to decline to .004 now that would present a buying opportunity.

Hueristic
Legendary
*
Offline Offline

Activity: 3290
Merit: 3711


Doomed to see the future and unable to prevent it


View Profile
November 08, 2016, 05:17:21 PM
 #24878

Quote
So we are really in a long-term bullish set-up.
That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  Wink

I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01.


XMR's chart actually attracted me to invest for long-term.
Specially that inverted H & S, then the 3-pushes to a high.

IMHO, Monero have enough liquidity to obey EW now.

Wrong, it's just manipulated at a much higher level now.

Seriously? Then somehow the manipulator follows EW and applying basic patterns on the chart. Smiley

Pretty good smoke screen to follow, isn't it. It's been seen before. Not hard to do if you know what your doing and the market wants to react that way anyway. just wait for a large indicator and smack those riding it. It's not rocket science.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1026



View Profile
November 08, 2016, 05:51:14 PM
 #24879

I'd skip this one.

I am a follower of Monero since May 2014.

It has a slim chance of breaking 0.01 now, and even if it does, it'll get stuck (and you lose nothing by waiting).

If/when the breakout proves to be false, the price is easily halved => so much more coins for the prudent ones.

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)
smoothie
Legendary
*
Offline Offline

Activity: 2352
Merit: 1211


KIZEKRA COMICS & LEALANA Silver Monero


View Profile
November 08, 2016, 08:22:10 PM
 #24880

this is a good way to look at monero measured in oz of silver


███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Pages: « 1 ... 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 [1244] 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 ... 2188 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!