[XMR] Monero Speculation

[cAPSLOCK]

This really is an interesting situation...  I cannot come up with a really good analysis really.

I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

Of the list Monero is the only with a 'real' distribution (organic), some others like LTC and ETH have some decent distribution but its offset by awful concentration or premine. I would say Monero is the only real coin besides Bitcoin.

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

[1713887214]

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[1713887214]

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[owlcatz]

Perhaps Claymore is finally cashing out?  

[c789]

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

That's a reasonable explanation.

If I knew the seller, I'd try to persuade them to wait. There are many things coming that should increase usage and demand (multisig, Kovri, mobile wallets, hardware wallets). Maybe they really, really need the cash now, and if so that's understandable. But there's so much potential ahead. I can't let mine go.

[bovcan]

XMR just hit new ATH in USD.

[CoinCidental]

XMR just hit new ATH in USD.

does anyone have a  new meme to celebrate this joyous occasion ?

[Globb0]

Well last few days I was watching very closely monero and what I saw was it was very manipulated, there were walls either side practically setting the price they wanted and drawing the chart they wanted.

This really is an interesting situation...  I cannot come up with a really good analysis really.

[Nivir]

Well last few days I was watching very closely monero and what I saw was it was very manipulated, there were walls either side practically setting the price they wanted and drawing the chart they wanted.

This really is an interesting situation...  I cannot come up with a really good analysis really.

Accumulation period? I am curious XMR is too silent while the other alts are becoming too noisy and bullish. I guess XMR will zoom out once these altsare done. This time Monero is the main focus. Need to get back that volume and be great again. 

[Quicken]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

[KeyJockey]

Maybe it's the AlphaBay people... so something else the LameStream Media will be able to pin on Those Evil Russkies! 

[kurious]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

I would be interested in this too - if I convert to BTC then go to Polo - Stamp, then convert USD to Euro to get it out by SEPA, which is in turn converted to GBP by my bank, it loses a fair bit in charges overall...

To be honest, I would prefer a way to simply spend XMR directly, but this is a long way off, even for BTC it's not 'easy' to just buy stuff.

[explorer]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

[ozkraut]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

I would be interested in this too - if I convert to BTC then go to Polo - Stamp, then convert USD to Euro to get it out by SEPA, which is in turn converted to GBP by my bank, it loses a fair bit in charges overall...

To be honest, I would prefer a way to simply spend XMR directly, but this is a long way off, even for BTC it's not 'easy' to just buy stuff.

we are lucky in Australia: got livingroomofsatoshi. takes xmr direct. I send to my bank, paid bills, registered motorbike. all straight xmr

[KeyJockey]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

[CoinCidental]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

HODL gentlemen
if it isnt this time ,it will be next time
crypto favours strong hands ,just like everything else .........

[ozkraut]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is  

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

HODL gentlemen
if it isnt this time ,it will be next time
crypto favours strong hands ,just like everything else .........

Yep -hodl, long, take profit, buy more monero. Been a rinse and repeat of note last couple of days so far

[infofront]

Anybody care to speculate guess how high we'll go?

[Hueristic]

Bad time to be short. LOL

[cAPSLOCK]

Too soon?

[Hueristic]

Too soon?

Hah, yeah. It's still a playground for whales. Nice to see though, after watching all the scamcoins mooning. I think there is going to be alot of room still for buying and selling on the way up.

XMR is famous for it's shakeouts.

[cryptimus prime]

I could once again say: I told you so...

But I won`t. Enjoy the ride.