[XMR] Monero Speculation

[elrippos friend]

Thanks, good to hear 
I also appreciate the input of everybody in here 

I am a firm believer that one should not hold more in a speculative asset than is tolerable when hard times hit.  None of us like to see XMR go down... but if you have been around crypto for a while you will have experienced some of the most epic rises and drops imaginable.  Some people can't handle it, and that is understandable.  Some people have "bet the farm" and that is risky.  But to each their own!

Presently i am in the latter group 

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[cAPSLOCK]

Thanks, good to hear 
I also appreciate the input of everybody in here 

I am a firm believer that one should not hold more in a speculative asset than is tolerable when hard times hit.  None of us like to see XMR go down... but if you have been around crypto for a while you will have experienced some of the most epic rises and drops imaginable.  Some people can't handle it, and that is understandable.  Some people have "bet the farm" and that is risky.  But to each their own!

Presently i am in the latter group 

Well, and after all that has happened, so am I, really.  Lol.  But I can handle the stress.

[cAPSLOCK]

Oh and I jut want to say..

Montero, you are weird.  Up like crazy, down when others go up.  Hide in the crowd going down.  Then up when everyone else goes down.

You know what this tells me?

It tells me Monero is being constantly used for something(s) aside from speculation, which is all the rest of the sector other than the corn is being used for.

[cAPSLOCK]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

[BayAreaCoins]

Someone big is buying Monero... this is a market shake out trying to part some week hands of their sweet XMR.

I don't trust this dip. Buy buy buy!

We need more people willing to buy and sell XMR on https://freebitcoins.com/xchange/market/Bitcoin-Monero (no KYC or anything weird, just make an account and go... no email required even.)

(Sort of related, but not really, Freebitcoins.com has listed Wownero... which is a fork of Monero, but has ten times the coins for ten times the WOW! lol )

[explorer]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

   I'm betting on a higher low.  If this was a depressing bear market, maybe a dip to a new low.  But now?  Doesn't sit well with me.  I don't lose by betting on a higher low.  If I buy a little too soon, and it spikes down to a new low and back up while I sleep, I'm happy with my purchase.  Anything with 2 leading zeros is cheap coins next year. month.

[elrippos friend]

Thanks, good to hear 
I also appreciate the input of everybody in here 

I am a firm believer that one should not hold more in a speculative asset than is tolerable when hard times hit.  None of us like to see XMR go down... but if you have been around crypto for a while you will have experienced some of the most epic rises and drops imaginable.  Some people can't handle it, and that is understandable.  Some people have "bet the farm" and that is risky.  But to each their own!

Presently i am in the latter group 

Well, and after all that has happened, so am I, really.  Lol.  But I can handle the stress.

Good to know that i am officially not alone in the nutshell on the open 

Oh and I jut want to say..

Montero, you are weird.  Up like crazy, down when others go up.  Hide in the crowd going down.  Then up when everyone else goes down.

You know what this tells me?

It tells me Monero is being constantly used for something(s) aside from speculation, which is all the rest of the sector other than the corn is being used for.

Te people buying Monero are weirdos 

Someone big is buying Monero... this is a market shake out trying to part some week hands of their sweet XMR.

I don't trust this dip. Buy buy buy!

(Sort of related, but not really, Freebitcoins.com has listed Wownero... which is a fork of Monero, but has ten times the coins for ten times the WOW! lol )

I guess we are levelling out the bottom, so there are some minor dips coming over the next two weeks to the low 0,006 figures 

[elrippos friend]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

   I'm betting on a higher low.  If this was a depressing bear market, maybe a dip to a new low.  But now?  Doesn't sit well with me.  I don't lose by betting on a higher low.  If I buy a little too soon, and it spikes down to a new low and back up while I sleep, I'm happy with my purchase.  Anything with 2 leading zeros is cheap coins next year. month.

My prediction stands, but as we saw from the past double zeros are and propably always will accompain Monero in a dip 

[elrippos friend]

Ps.: I am happy that there is some movement in this thread, was dead for years 

[XMR2020]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

I am watching that trend line as well. I bet higher low. The selling volume below 0.78 was pretty unimpressive. We landed right back in our 15 month long accumulation range with a higher low. I can't imagine whomever scooped up the coins on this dip is looking to sell here. My guess is that someone used the recent spike as an opportunity exit a low conviction position. We may go lower, but after a year in this zone and the tail emission rapidly approaching, we will run out of low conviction holders eventually.

[tokeweed]

^  All action is at BTC rn.

Andreas Antonopoulos talks about Monero and its strong privacy compared to Bitcoin. First time getting an endorsement from Andreas?

https://twitter.com/monero_tv/status/1324615860439281665

He prolly lost his private keys in a boating accident.  I think a lot of people will after not knowing what to do with their BTC gains.  They'd have to hide earnings from the guvment.

[kurious]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

[explorer]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Support has been very strong.  I've been waiting for that btc-rocket fuelled spike down, but instead we gain strength.  I don't know.  A few more days and that may be it.

I've been watching this develop:
(lines roughly transferred from a different chart for ease of sharing)




ZOOM:

[Hueristic]

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Well to be fair he said to buy back somewhere in December so we shall see.


I just can't take the chance of getting boned like alphabay again, so no selling any tops for me.

[explorer]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Support has been very strong.  I've been waiting for that btc-rocket fuelled spike down, but instead we gain strength.  I don't know.  A few more days and that may be it.

I've been watching this develop:
(lines roughly transferred from a different chart for ease of sharing)




ZOOM:

New low in the 0067's, and peeked through the trend line.  Watching...


Announcing last stop in the 6300 block.  Please be prepared to exit the short bus, and make your way to the long bus.  Don't forget your helmets!

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

[johnalan]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

[explorer]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops  

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

[phishead]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

Not necessarily...

I like to think of this as the sling shot method. BTC rallies, all alts pull back, BTC stagnates for a month or two, alts rally in the meantime. That seems a little more tried and true

[explorer]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

Not necessarily...

I like to think of this as the sling shot method. BTC rallies, all alts pull back, BTC stagnates for a month or two, alts rally in the meantime. That seems a little more tried and true

Monero doesn't follow the alts very well.  It does slingshot rather well though