[XMR] Monero Speculation

[Febo]

OK, I decided. About 2 years ago i read about a trading philosophy where when price double you sell 10% or something like that. It was so nice I said I will follow it, but never really decide where would be point that price doubled. So today i got to a conclusion that I will sell 10% when price reached $40. I picked $40 because i expect many will want to sell some when price reach $50 and price might have troubles getting there.

I had not decided yet when to sell my next 10% When price doubles so at $80 or wehn price go x10 so $400. I guess will have soem time to make this decision.


What I wonder now is if the price will reach $40 in 2017, or will have to wait financial crisis in 2018?  I might change my mind then.


Oh and if price by some chance goes to $3, then my  10% sale at $40 will be just way lovelier.

[mnemonicsoup]

India bans cash (not all of it):


https://www.bloomberg.com/news/articles/2016-11-09/modi-s-masterstroke-cash-ban-seen-boosting-india-digital-push


http://indianexpress.com/article/business/business-others/ban-cash-transactions-above-rs-3-lakh-to-curb-blackmoney-sit-2913746/


http://www.reuters.com/article/us-india-modi-corruption-idUSKBN1340LT


Very interesting read: http://www.zerohedge.com/news/2016-11-10/gold-price-skyrockets-india-after-currency-ban


They will be issuing new notes but supply will be limited to 60$ per day.

[Globb0]

if someone wants to pump up a bit they can easily do that with their 10k coin pumps.

     

[synthgauge]

Its ironic how faggots on the official sub reddit post loads of pseudo-positive stuff including some wallet GUI preview snapshots (yeah that same infamous GUI wallet people compiled months ago without having found any bugs). Even jaxx walletmakers dropping the support in late october were aware its not the best time and place to release anything. Better hedge themselves, wait for 1-2 weeks. Especially if u acknowledge that u deal with a single-handedly pumped market LOL

Should BTC reach 950 USD this year, xmr will simply continue going down the toilet sink. I say 0.0025-0.004 will be the buying range by the end of the year.

[mokou]

Its ironic how faggots on the official sub reddit post loads of pseudo-positive stuff including some wallet GUI preview snapshots (yeah that same infamous GUI wallet people compiled months ago without having found any bugs). Even jaxx walletmakers dropping the support in late october were aware its not the best time and place to release anything. Better hedge themselves, wait for 1-2 weeks. Especially if u acknowledge that u deal with a single-handedly pumped market LOL

Should BTC reach 950 USD this year, xmr will simply continue going down the toilet sink. I say 0.0025-0.004 will be the buying range by the end of the year.

Two weeks ago you thought of XMR being undervalued? What made you jump ship?

[Febo]

Its ironic how faggots on the official sub reddit post loads of pseudo-positive stuff including some wallet GUI preview snapshots (yeah that same infamous GUI wallet people compiled months ago without having found any bugs). Even jaxx walletmakers dropping the support in late october were aware its not the best time and place to release anything. Better hedge themselves, wait for 1-2 weeks. Especially if u acknowledge that u deal with a single-handedly pumped market LOL

Should BTC reach 950 USD this year, xmr will simply continue going down the toilet sink. I say 0.0025-0.004 will be the buying range by the end of the year.

So you want to say that Jaxx CEO = Poloniex CEO = Fluffypony = Apple CEO = smooth = reddit CEO = rpietila?

[rpietila]

Its ironic how faggots on the official sub reddit post loads of pseudo-positive stuff including some wallet GUI preview snapshots (yeah that same infamous GUI wallet people compiled months ago without having found any bugs). Even jaxx walletmakers dropping the support in late october were aware its not the best time and place to release anything. Better hedge themselves, wait for 1-2 weeks. Especially if u acknowledge that u deal with a single-handedly pumped market LOL

Should BTC reach 950 USD this year, xmr will simply continue going down the toilet sink. I say 0.0025-0.004 will be the buying range by the end of the year.

So you want to say that Jaxx CEO = Poloniex CEO = Fluffypony = Apple CEO = smooth = reddit CEO = rpietila?

Sounds legit.

(I take it as a compliment that I am the End.)

[Globb0]

and you get a question mark!

[medusa13]

guys be nice  

situatuion is hot no doubt, bets have been placed all around the table.
shorts are open and remain confident, besides at least 30k being closed (probably at a loss) in the last few hours.

the GUI pictures have been posted because there have been very old pics in circulation and it was time to give an update

good luck guys

[wpalczynski]

Vitalik now says he is adding zero knowledge proofs to Ethereum.

https://bcvcsc.tumblr.com/post/153042132297/ethereum-to-add-zcash-privacy-says-vitalik

[rpietila]

Nice to see XMR strength. Even my "short" is underwater 
(of course I would never short)

I still advice caution because the upside is so limited. The 0.01 area will either
1) be breached, in which case it will certainly be revisited
2) be reached, in which case you can just nibble in
3) be bounced, sending us back to 0.0058 or worse.

So even if I am regarding 1)&2) to have much higher probability now than a new low (in a 2-week timeframe), it still makes more sense to wait than buy just now.

And why is everyone suspicious of my personal agenda? 

[RAJSALLIN]

Nice to see XMR strength. Even my "short" is underwater 
(of course I would never short)

I still advice caution because the upside is so limited. The 0.01 area will either
1) be breached, in which case it will certainly be revisited
2) be reached, in which case you can just nibble in
3) be bounced, sending us back to 0.0058 or worse.

So even if I am regarding 1)&2) to have much higher probability now than a new low (in a 2-week timeframe), it still makes more sense to wait than buy just now.

And why is everyone suspicious of my personal agenda? 

It all depends what the king (btc) does

[mfqrs3]

Good call rpietila

[mambamanagement]

I could definitely see ~.0063 being a great buying opportunity

[SkuDev]

Nice to see XMR strength. Even my "short" is underwater 
(of course I would never short)

I still advice caution because the upside is so limited. The 0.01 area will either
1) be breached, in which case it will certainly be revisited
2) be reached, in which case you can just nibble in
3) be bounced, sending us back to 0.0058 or worse.

So even if I am regarding 1)&2) to have much higher probability now than a new low (in a 2-week timeframe), it still makes more sense to wait than buy just now.

And why is everyone suspicious of my personal agenda? 

coz: Quo Bono (;-)

[smoothie]

the stat on the right just overlapped the KNC thread..

Stats are favorable for Monero all around...

[nioc]

I could definitely see ~.0063 being a great buying opportunity

You last had that opportunity one and two weeks ago.  Considering the continuing development and recent increased recognition you may not have that opportunity again.

Disclaimer:  I am just the janitor.

Edit: In the last 4 days there have been 26 pull request from 6 contributors merged into "regular" Monero as well as 23 pull requests from 5 different contributors merged into the GUI.

Please forgive any mistakes in my description of where the merges happened cause janitor.

[TrueCryptonaire]

Nice to see XMR strength. Even my "short" is underwater  
(of course I would never short)

I still advice caution because the upside is so limited. The 0.01 area will either
1) be breached, in which case it will certainly be revisited
2) be reached, in which case you can just nibble in
3) be bounced, sending us back to 0.0058 or worse.

So even if I am regarding 1)&2) to have much higher probability now than a new low (in a 2-week timeframe), it still makes more sense to wait than buy just now.

And why is everyone suspicious of my personal agenda?

Because without it you would not have a castle.


The biggest problem with me is to know to how to read you.
Are you bullish while looking for selling opportunity (being bearish in your mind) or are you bullish while thinking other players think you are looking for selling point and therefore you are not looking a selling point but a buying point.

[cryptonic21]

Who knows for future, but for now it's quite inspiring:

[starmman]

The price just hit 0.01 again, looks like the bull market is back on track. Glad I managed to accumulate and didn't panic when the price dropped.