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Author Topic: [XMR] Monero Speculation  (Read 3312246 times)
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garytheasshole
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November 30, 2017, 01:54:40 PM
 #34681

I think in the short term we will see a decline but it won't go back down below $100.

But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?

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November 30, 2017, 02:19:32 PM
 #34682

Don't worry guys. You'll be fine.

TBH, I hope dash makes it to the 2nd spot, or even #1. I'd like to see if dash's cult logic scales.

LOL, that was a coffee spitter! Smiley

I start to get all sorts of emails from trading advisors that we should get out of crypto. Specially after the downfall from yesterday, that the downrisk is just to big. Maybe I am a fool but I don't want to sell, I believe there is a lot more to come, specially for xmr. So much more to come with kovri, hardware wallet... But if Bitcoin fails, we go down as well. So I dont know if I am a fool or not to believe that 1000 USD for 1 xmr is possible. But then Bitcoin must keep on growing...

BTC is up so much you have to expect a retrace but it seems ever time its a retrace its actually a shakout. But I have no idea so i got out for now.

I think in the short term we will see a decline but it won't go back down below $100.

But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?

I do, I'm not hiding anything and I need a fiat/xmr portal i can trust.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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November 30, 2017, 02:35:55 PM
 #34683

Don't worry guys. You'll be fine.

TBH, I hope dash makes it to the 2nd spot, or even #1. I'd like to see if dash's cult logic scales.

LOL, that was a coffee spitter! Smiley

I start to get all sorts of emails from trading advisors that we should get out of crypto. Specially after the downfall from yesterday, that the downrisk is just to big. Maybe I am a fool but I don't want to sell, I believe there is a lot more to come, specially for xmr. So much more to come with kovri, hardware wallet... But if Bitcoin fails, we go down as well. So I dont know if I am a fool or not to believe that 1000 USD for 1 xmr is possible. But then Bitcoin must keep on growing...

BTC is up so much you have to expect a retrace but it seems ever time its a retrace its actually a shakout. But I have no idea so i got out for now.

I think in the short term we will see a decline but it won't go back down below $100.

But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?

I do, I'm not hiding anything and I need a fiat/xmr portal i can trust.

Out of btc or XMR?
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November 30, 2017, 02:36:52 PM
 #34684


Out of btc or XMR?

Both, which guarantees a rise. Smiley

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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November 30, 2017, 02:42:14 PM
 #34685

I think in the short term we will see a decline but it won't go back down below $100.

But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?

Absolutely! Coinbase has more accounts than Charles Schwabb online, which makes it the perfect on-ramp for Monero.  Where it goes once it leaves Coinbase is out of their control and is totally private from that point on. Governments may be able to control the on and off ramps but they can't control the technology.

If that happens, we will be in for quite a ride!   Grin
 
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November 30, 2017, 03:21:17 PM
 #34686

Any guesses how long this crash will take? The rise of crypto is over for 2017?
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November 30, 2017, 04:49:32 PM
 #34687

Any guesses how long this crash will take? The rise of crypto is over for 2017?

all the crypto currency is growing, then falling. This coin has a very large potential. I think that in 2018 we will be able to earn money on this coin again. It is necessary to be able to wait

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November 30, 2017, 05:48:09 PM
 #34688

Any guesses how long this crash will take? The rise of crypto is over for 2017?
Honestly, the "crash" is more of a "correction". I am going to guess that it will probably last a few days until it clears up and the market will regain much of the value it's losing.

I'm starting a technology blog T4CH.top, check it out!
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November 30, 2017, 05:53:35 PM
Last edit: November 30, 2017, 06:08:00 PM by Febo
 #34689

Any guesses how long this crash will take? The rise of crypto is over for 2017?

We might see BTC just going to $1 million in a year or so. Or we can see stops as it happened in past. Who knows.   All we know is that result will be same. BTC will be $1+ 10 years from now.     Everyoen shoudl buy as much quality crypto as can afford and sit and wait.


Bitcoin is now on eyes of anyone. And anyone can drive price up fast.



And by the way. I fell way better now that Monero is at $165 and all exchanges are close to that price, then 2 days ago when price was over $200.  Things are seems to back on tracks.
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November 30, 2017, 06:08:26 PM
 #34690

We have a slight correction for a day so far and everyone is talking about a longterm bear market. We've had so many of these 10-20% corrections in the last 6 months, so what are the indicators that you are seeing that this might be different? Even if it goes for a week or two.

Especially with the CME futures trading coming up this month, it's likely we will see a lot more bullish moves.

This is an interesting analysis somebody recently posted at /r/bitcoin:

Quote
I thought I’d share some of my stock market knowledge to help my fellow HODLers get a perspective on the CME futures that will be launching soon.
First let me explain a bit of history: in 1982 CME group launched futures on the S&P500.
What happened next? The stock market went on a spectacular run for 5 years until it eventually crashed in 1987.
Why does this matter for Bitcoin? Because I believe a similar story is about to unfold. This story is the fundamental story about adding leverage to a new underlying asset.
Bitcoin is a relatively “unleveraged” asset as compared to other financial assets. It’s new, it’s untainted. This is significant because of the mechanics of market prices and the future potential of market prices.

When something enters a levering stage, like Bitcoin is about to, the mechanics of the market are HEAVILY weighted to the buy side and not the sell side. Why? Because to be a seller you MUST be a previous buyer (or if you’re shorting, the supply comes from a previous buyer). This may sound weird, but the potential capacity to sell is a function of those who previously bought. This is why in an early market like Bitcoin it’s very hard for it to consistently fall as there’s not a lot of buyers yet built into the price. It takes years and years of accumulation and volatility to create a normalized market. When it’s new, especially pre leverage, it’s very easy to bid it up.
When the CME futures are added, it will likely lead to spectacular rallies, but you need to arm yourself with the knowledge that the eventual buying will plant the seeds of the future capacity to panic.

This is what happened in 1987: The stock market had a 3 day wipeout of over 22%. It took 5 years to develop the buy side enough to create the conditions for panic. This was caused by the CME futures in 1982.
Even since 1987, there has never been a crash of similar magnitude, because that initial levering stage was eventually normalized and a healthy market now exists on both bid side and ask side (sell side).

Why do I tell you this? I want to arm you with expectations to keep your wits when it all goes down. The crash on Bitcoin will likely be of many magnitudes deadlier than the stock market. We just had a 29% correction and it was frankly less than the last two. 20-40% corrections are standard in Bitcoin. When we have the futures levered crash, it’ll likely be 50-60%+. This will be hard on your psychological commitment. Prices do funny things to people’s perception, just like how BCH rose and now suddenly everyone thinks it’s a BTC contender. (Nothing’s changed, price was just pumped up and psychology affected.)

So first thing: prepare for that eventual crash, I suspect it’ll take 1-3 years to create the conditions for an extreme sell side due to leveraging. This sell will start and accelerate, hitting stop losses and margin calls, which is “mechanical selling”. The mechanical selling (forced selling) will cascade and create a feedback loop where more margin calls are hit, more stop losses, etc etc until almost all profits of the last year or 2 are wiped. Combined with the emotional panic caused by extreme falling prices, it will make people think Bitcoin isn’t real and abandon it.

Next thing: the 1987 crash, while devastating in many ways, was completely recovered by the stock market in 8 months. Seriously! The worst crash ever was repaired in 8 months and the market has been much more healthy since then. It is up dramatically since those days, and that crash was just a blip on the screen.
The same will happen with Bitcoin, but my fear is that crash will be worse than even wallsteeters can handle, and it may shake you HODLers to the core.
But if you understand that the powerful selling is just a function of the leveraged previous buying, it’s just fundamentally an opportunity.
I will ride this hard as we lever up, and after an extreme period of euphoria, when Bitcoin is on every front page, when every HODLer owns a mansion, when your government-loving socialist neighbour is asking for your help converting money to Bitcoin, I’ll be lightening up heavily, waiting for the crash. I will bet everything at the bottom of the crash, and sail off into the sunset a crypto-god.

Good luck guys. I hope you weather the next 1-3 years with great savvy.
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November 30, 2017, 06:26:27 PM
 #34691

Any guesses how long this crash will take? The rise of crypto is over for 2017?

We might see BTC just going to $1 million in a year or so. Or we can see stops as it happened in past. Who knows.   All we know is that result will be same. BTC will be $1+ 10 years from now.     Everyoen shoudl buy as much quality crypto as can afford and sit and wait.


Bitcoin is now on eyes of anyone. And anyone can drive price up fast.



And by the way. I fell way better now that Monero is at $165 and all exchanges are close to that price, then 2 days ago when price was over $200.  Things are seems to back on tracks.

$200 is still too low price for XMR expect a clip upwards to $300-$1000 before the rowdy circus comes to town Wink #expectmonero

https://poloniex.com/exchange#btc_xmr

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 30, 2017, 06:47:06 PM
 #34692

Both BTC and XMR hit psychological milestones ($10k BTC, $200 XMR). When that happened, lots of people who had been telling themselves, "When this hits $10k/$200, I'll sell."

This created a flood of supply which pushed both prices back down. Then the supply was snatched up, the prices rose again, and the people who thought about selling at $10k/$200 but didn't the first time went ahead and sold the 2nd/3rd brief time both coins hit those levels. I think we'll see more of that over the next few days.

In both cases, lots of news was generated which will help with demand. I expect both to go sideways around $10k/$200 and then go above those levels as more people enter the markets. Plus, Monero has Globee and 2/3 multisig in mid-to-late testing, and when people start using those, demand will increase even more.

Good times!

Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx
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November 30, 2017, 07:12:40 PM
 #34693

Both BTC and XMR hit psychological milestones ($10k BTC, $200 XMR). When that happened, lots of people who had been telling themselves, "When this hits $10k/$200, I'll sell."

This created a flood of supply which pushed both prices back down. Then the supply was snatched up, the prices rose again, and the people who thought about selling at $10k/$200 but didn't the first time went ahead and sold the 2nd/3rd brief time both coins hit those levels. I think we'll see more of that over the next few days.

In both cases, lots of news was generated which will help with demand. I expect both to go sideways around $10k/$200 and then go above those levels as more people enter the markets. Plus, Monero has Globee and 2/3 multisig in mid-to-late testing, and when people start using those, demand will increase even more.

Good times!

XMR is being loaded heavily now ~ we expect $500 target to be hit by February 2018 because of the international gem show deal Wink #insideinfo<<<

https://poloniex.com/exchange#btc_xmr

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF #XTZ ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 30, 2017, 07:34:14 PM
 #34694

So, is it my imagination or has Fluffy and gang (Globee) missed the key days of the Christmas shopping season?  We've seen Black Friday pass, Cyber Monday is gone and we're almost to December 1st.  So, how will this play out if it's still another couple weeks or more before the Globee project comes to fruition? And does it really matter from a pricing perspective? 

Personally, I donated some to the project anyway even though I don't see it having a huge immediate impact on price but, I think it could bring some minor awareness to Monero which could be good over the long haul. 
 
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December 01, 2017, 12:35:13 AM
 #34695

So, is it my imagination or has Fluffy and gang (Globee) missed the key days of the Christmas shopping season?  We've seen Black Friday pass, Cyber Monday is gone and we're almost to December 1st.  So, how will this play out if it's still another couple weeks or more before the Globee project comes to fruition? And does it really matter from a pricing perspective? 

Personally, I donated some to the project anyway even though I don't see it having a huge immediate impact on price but, I think it could bring some minor awareness to Monero which could be good over the long haul. 
 

Yes, I was thinking the same thing myself recently. The fact is, Globee is a private company and there is a delicate balance to be maintained between whatever obligations it owes its stakeholders (you, me and everyone else who contributed to the FFS) and its private concerns. What might be good for Globee might not necessarily be good for Monero.

I still wish it well - I put in a few thousand dollars and I'm hoping I see some kind of return on that. Like you, though, I'm wondering why we haven't heard any news recently. Like it or not, when you ask for money from the community there is a certain expectation to keep that same community informed of what's happening.

Baguette Holder.
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December 01, 2017, 02:03:52 AM
 #34696

Reminder that 1 XMR = 1 XMR
If you think the project long term is good , the only thing you should care about is the amount of XMR you have
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December 01, 2017, 06:41:54 AM
 #34697

Reminder that 1 XMR = 1 XMR
If you think the project long term is good , the only thing you should care about is the amount of XMR you have

Another reminder, don't be like me and goto casino and give all your Romero's way. Cheesy


Any guesses how long this crash will take? The rise of crypto is over for 2017?

What crash are you talking about?

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December 01, 2017, 12:06:07 PM
 #34698

[Seeks Funding] Coordinator for localization group + various maintenance

https://forum.getmonero.org/8/funding-required/89232/coordinator-for-localization-group-various-maintenance



[Seeks Funding] GUI Redesign

https://forum.getmonero.org/8/funding-required/89258/gui-redesign

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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December 01, 2017, 12:31:40 PM
 #34699

I am following this currency with great interest. The recent drop in value is interesting, the current drop in value is very similar to the drop on November 17th, also after some steady growth. Is this indicative of a see-saw tendency on this currency? Anyone got any insight into any external influences that could be causing these fluctuations?
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December 01, 2017, 03:25:39 PM
 #34700

Any guesses how long this crash will take? The rise of crypto is over for 2017?

We might see BTC just going to $1 million in a year or so. Or we can see stops as it happened in past. Who knows.   All we know is that result will be same. BTC will be $1+ 10 years from now.     Everyoen shoudl buy as much quality crypto as can afford and sit and wait.


Bitcoin is now on eyes of anyone. And anyone can drive price up fast.



And by the way. I fell way better now that Monero is at $165 and all exchanges are close to that price, then 2 days ago when price was over $200.  Things are seems to back on tracks.

$200 is still too low price for XMR expect a clip upwards to $300-$1000 before the rowdy circus comes to town Wink #expectmonero

https://poloniex.com/exchange#btc_xmr

When people talk of $500k BTC then yes ofcourse $200 is nothing.  But I just dont like to huge increases of price without any corrections. There was correction so I fell better. Thing is that now that Monero is $200 we will need to get used that $10 moves are something totally normal and will happen few times a day.
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