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Author Topic: [XMR] Monero Speculation  (Read 3308033 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.)
medusa13
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November 12, 2016, 09:19:33 AM
 #24961

No capitulation yet, shorts have been shorting all the way up, puting themself even deeper into the liquidity trap  Roll Eyes


this may end badly Grin


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November 12, 2016, 09:45:20 AM
 #24962

It seems like Monero rises every time I am in good mood.  Cheesy Anyway just dropping by to see some updates and speculations. I am happy and contented with Monero at 0.012 next week.  Cheesy Cheesy Cheesy   
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November 12, 2016, 10:59:10 AM
 #24963

Currently it looks like XMR/BTC trading pair in Poloniex is the largest source of trading source of bitcoins (the next one is BitMex with BTC/USD and the third one is Bitfinex BTC/USD trading pair).

Do we hear the mountains tremble?  Roll Eyes
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November 12, 2016, 11:07:46 AM
 #24964

It seems also XMR is a hedge against BTC, every time BTC drops XMR profits the most from it, not ETH any more.
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November 12, 2016, 02:06:49 PM
 #24965

Last week was quite quiet in this thread and price gained 40%
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November 12, 2016, 02:24:10 PM
 #24966

Last week was quite quiet in this thread and price gained 40%

I get the feeling A lot of money from that scam coin zcash will end  up going into monero..... Some of it likely already has caused the current boost

A new ATH is not impossible by Xmas, stranger things have happened in crypto.....  Wink
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November 12, 2016, 02:43:05 PM
 #24967

Currently it looks like XMR/BTC trading pair in Poloniex is the largest source of trading source of bitcoins (the next one is BitMex with BTC/USD and the third one is Bitfinex BTC/USD trading pair).

Do we hear the mountains tremble?  Roll Eyes

Go play with your zcash coins and motivate your friends there you crazy flip flop penny guy.
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November 12, 2016, 03:37:54 PM
 #24968

Jaxx - Monero Integration Update

https://www.reddit.com/r/Monero/comments/5cks6f/jaxx_monero_integration_update/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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November 12, 2016, 05:39:45 PM
 #24969

Bear in mind, in summer 2013 Risto went to mental ward and bitcoin rose (Risto's main holdings). Now as Risto was under the threath of mental ward it might also act similarly but with XMR this time.  Cool
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November 12, 2016, 05:54:02 PM
 #24970

Fibonacci levels overlap so 0.01 to 0.111 is heavy overhead resistance. Good news if price can advance past 0.0111 and hold.


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November 12, 2016, 07:05:44 PM
 #24971

I don't think it is doing that but the overwhelming probability right now points to about sticky at 0.01.

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)
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November 12, 2016, 07:06:57 PM
 #24972

Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...

Bail in at 0.012.

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)
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November 12, 2016, 07:47:54 PM
 #24973

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.



Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...

Bail in at 0.012.

This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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November 12, 2016, 07:58:50 PM
 #24974

This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?

In the hypothetical scenario that I was all out of my core position,

I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in.

If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01.

If it goes to 0.004 which is still completely possible given how many months we have left, then margin long.

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November 12, 2016, 08:19:22 PM
 #24975

...
In the hypothetical scenario that I was all out of my core position,

I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in.

If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01.

If it goes to 0.004 which is still completely possible given how many months we have left, then margin long.

Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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November 12, 2016, 08:57:03 PM
 #24976

Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol

But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.

This thread does change the short term trading.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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November 12, 2016, 08:59:28 PM
 #24977

Really bullish right now.

Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time....
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November 12, 2016, 09:06:07 PM
 #24978

I believe there is no right time to buy as the price will certainly spike up by a lot when the official beta GUI comes out, which is probably near but unknown yet.

Waiting and buying when it is low (I'd say around 0.007) is a risk that you take by hoping that the GUI does not release this month in my opinion.

Also take into consideration of the Jaxx wallet that should release around the 21th of November.
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November 12, 2016, 09:06:33 PM
 #24979

Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol

But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.

This thread does change the short term trading.

Yup, I am lending like crazy now and luckily get hefty interest on the loans. I hope the rates will stay like this.
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November 12, 2016, 09:17:19 PM
 #24980

...
Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time....
Yes this is very much the case. Monero does essentially the same thing as Bitcoin, in providing for digital funds transfer with no third party intermediaries, while addressing the two major shortcomings of Bitcoin, namely:
1) Scaling while maintaining security of the POW, with no arbitrary limits on the number of on chain transactions per second.
2) Fungibility, privacy and anonymity, with no fungibility destroying analytics attacks on the blockchain.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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