[XMR] Monero Speculation

[KeyJockey]

Monero is being used in real business. It's a bit different to other coins.

If your business earns money in Monero, you are inclined to sell gradually at tops like this.
There is more selling pressure, as real people with real businesses rely on it (legal or not doesn't matter..).
As stated very often here, the price is way more natural. So the dip from $37 to $34 is no surprise.

We'll be >$40 in less than 2 months.

Great to-the-point, clear-insight post here.  +1 all the way.

No, strike that... +100 in fact : this goes a long way to very simply helping explain and understand the "WTF" nature of XMR lately.

Monero is different. Monero is special. It ain't no damn just-another-clone shitcoin and it AIN'T No DAMN Pump&Dump vehicle.

MONERO IS REAL MONEY.

If I wasn't already all-in now (from taking the plunge MONTHS ago) I'd sure as shit be doin' it now... LOL

[1714751681]

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[1714751681]

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[saddambitcoin]

OK, ELI5. How does the candle go green so tall then fall so red? Break it down for me. (I understand general stuff but how/who makes it happen so quickly?)

One thing I've noticed over the past month is these big spikes usually go back to where they started from. Like a few weeks ago when the price went from 0.019 to 0.022 in a matter of minutes, stayed there for a few hours and then dumped right back to where it was.

My guess is one of the Polo pumpers notices that the price has been fairly stable or maybe has a part in accumulating some, then tries to orchestrate a big move hoping that others will follow. They sell off some coins for a profit then dump it back down to where they started from. It happens quickly because they don't want someone else to beat them at their little game.

[Zegra]

I am not a specialist in chart analysis, quite a beginner actually (but I've always been a fast learner ) but I did take a look at the all-time chart of XMR :



The Monero bubble has popped twice in the past (but it didn't seem like a big pop when seen in fiat, because of the rising BTC price), always at 0.022 BTC. We keep seeing higher and higher lows, having a shot at the 0.022 always sooner and sooner.
It seems reasonable, if we were to reach the 0.022 resistance again and again, and when it eventually breaks (could be in a few weeks / months according to this graph, or sooner if good news arises and the trend accelerates). Super bubble will form then? (like Bitcoin does every cycle, surpassing previous ATH) Or, like the common crypto folk call it: MOONSHOT?
My friends, I think we are sitting on a sleeping giant. I've always thought this, by thinking critically about other coins and how the monero devs sounded to me and thinking about the specs of this coin. Now the chart is confirming it.

[cryptimus prime]

The Monero pump came  shortly before the BTC pump, but in USD terms we hit ATH and still bullish. On 1D XMRBTC chart the bollinger get tighter and we also proceed more horizontal into the triangle which defines the trend on 1D scale. The outbreak from this will be huge. In XMRUSD terms we have some kind of parabolic movement forming.

[kurious]

The Monero pump came  shortly before the BTC pump, but in USD terms we hit ATH and still bullish. On 1D XMRBTC chart the bollinger get tighter and we also proceed more horizontal into the triangle which defines the trend on 1D scale. The outbreak from this will be huge. In XMRUSD terms we have some kind of parabolic movement forming.

A parabolic movement would be rather sweet.

[aminorex]

Rather than postulating a manipulation with supernatural skill, my supposition would be an impatient entry by a new Monerist, followed by an opportunistic exit as soon as the deposit xns could occur (Risto?).  We remain with a surplus of demand, and the parabola seems.... Inevitable.

[medusa13]

Rather than postulating a manipulation with supernatural skill, my supposition would be an impatient entry by a new Monerist, followed by an opportunistic exit as soon as the deposit xns could occur (Risto?).  We remain with a surplus of demand, and the parabola seems.... Inevitable.

exactly my thoughts too.

there may have been an additional margin call on top of it.

[OrangeP]

Does ZenCash have better tech than Monero ?

[bitwolf]

The Monero pump came  shortly before the BTC pump, but in USD terms we hit ATH and still bullish. On 1D XMRBTC chart the bollinger get tighter and we also proceed more horizontal into the triangle which defines the trend on 1D scale. The outbreak from this will be huge. In XMRUSD terms we have some kind of parabolic movement forming.

"Monero pump" you are kidding right?  Everything else got pumped gazillion times for nothing and Monero even lost in btc value and you still say pump???   SUre...

[Hueristic]

Does ZenCash have better tech than Monero ?

Wrong thread, short answer is no. Here is the thread to ask that question.

https://bitcointalk.org/index.php?topic=583449.0;topicseen

[aminorex]

"Monero pump" you are kidding right?  Everything else got pumped gazillion times for nothing and Monero even lost in btc value and you still say pump???   SUre...

It is the very lack of marketing and scammery that make it a good risk/value proposition, even at (especially at) all-time-highs.  I think it is irresponsible, and proof of bad faith, to market a product which is unfit for purpose.  Of course that disqualifies most of the larger cap cryptographic tokens.  (Bitcoin gets a pass because it was 99.44% pure viral contagion.)

Scammery, puffery, outright fraud, all can be quite profitable in their salad days, but they never age well - as does a Barolo from a good vintage year. When it is mature, Monero may merit some PR effort, but until then it is much healthier for the public to be introduced gradually, as their use-cases warrant.

[LennyCarl]

"Monero pump" you are kidding right?  Everything else got pumped gazillion times for nothing and Monero even lost in btc value and you still say pump???   SUre...

It is the very lack of marketing and scammery that make it a good risk/value proposition, even at (especially at) all-time-highs.  I think it is irresponsible, and proof of bad faith, to market a product which is unfit for purpose.  Of course that disqualifies most of the larger cap cryptographic tokens.  (Bitcoin gets a pass because it was 99.44% pure viral contagion.)

Scammery, puffery, outright fraud, all can be quite profitable in their salad days, but they never age well - as does a Barolo from a good vintage year. When it is mature, Monero may merit some PR effort, but until then it is much healthier for the public to be introduced gradually, as their use-cases warrant.

Bitcoin is our ivory soap.

But no one should help but notice that we are doing very well despite not quite attaining full maturity. In good time...

[bitwolf]

Bytecoin +100% today again.
My opiniion: The Bitcoin whales that don't know the end of their money manipulated like piece of cake the market of yet another shitcoin.

[amaral1977]

Bytecoin +100% today again.
My opiniion: The Bitcoin whales that don't know the end of their money manipulated like piece of cake the market of yet another shitcoin.

Sometimes you see a wall of 2 or 3 BTC and someone is trolling in the chats of the exchanges "Huge wall" . then u see a green or a red accordingly to trolls word. So if someone think two or 3 BTC is a wall... Even a baby BTC whale is capable of manipulation:)

[rinus]

Eth 170, we stay around 33. Should I be worried ? I am in xmr 2 years now and all the big ones go up except xmr. It should be higher then it is now I think

[MataKhobRazi]

Eth 170, we stay around 33. Should I be worried ? I am in xmr 2 years now and all the big ones go up except xmr. It should be higher then it is now I think

I had the exact same worried feeling in june 2016 after having hodl my monero for 2 years. Then I sold half of my stack and I guess you know what happened two months later in august 2016 ?  

[ven_bug_trap]

Eth 170, we stay around 33. Should I be worried ? I am in xmr 2 years now and all the big ones go up except xmr. It should be higher then it is now I think

Don't worry, XMR is one of the few coins that actually sees real use cases. It's still cheap because the devs care about making a good, private coin more than marketing and enriching themselves. Keep buying, keep hodling.

[Febo]

https://www.financemagnates.com/cryptocurrency/news/jaxx-include-ripple-monero-tether-dozens-cryptocurrencies/


Seems the old friends are back.

[sp_skeptic]

Eth 170, we stay around 33. Should I be worried ? I am in xmr 2 years now and all the big ones go up except xmr. It should be higher then it is now I think

Stop and think about how surreal this situation really is. I bought into Monero when it was $1.60 and now it's up > 20X, yet I catch myself sometimes thinking I have missed the boat somehow.

I do not know of anything in the history of assets that has come close to the recent run-up in some cryptos. This dwarfs the South Sea bubble and the Dutch tulip mania and the dotcom bubble. Monero by itself dwarfs those bubbles but some others dwarf Monero.

I hope this means Monero will fare relatively well when the bubble bursts, as it must.

[Nathan047]

I have never entered this forum to disturb, however you have lacked time.
Relax and enjoy your XMR, but do not come to annoy without knowing what you are talking about.
The ENIGMA technology of CLOAK is great and you just have to try it.
But with that I'm not belittling XMR which of course is a big coin.
Do not come looking for war without anyone calling you

Alright, I’ll bite. I’m not looking to start a flame war, but in an honest and non FUD way please explain how you think CLOAK is better than Monero. I’m not looking for an argument, I’m genuinely curious.