[XMR] Monero Speculation

[vgo]

More dumpity dump??   

not really.

Try with Bitcoinwisdom. 



Waiting 0.0016.

[rangedriver]

More dumpity dump??   

not really.

Try with Bitcoinwisdom. 



Waiting 0.0016.

1-day XMR chart shows dumping stalactites going back a month without any chance of buy-back. Pretty much all major dumpages within this period for the purposes of market manipulation has been a failure.

[TrueCryptonaire]

More dumpity dump??   

not really.

Try with Bitcoinwisdom. 



Waiting 0.0016.

1-day XMR chart shows dumping stalactites going back a month without any chance of buy-back. Pretty much all major dumpages within this period for the purposes of market manipulation has been a failure.

On the other hand, the lending rates of Monero is in race to the bottom.
This means, if the dump comes, there is no shorts that need to be filled which makes the dump even more severe.

[cAPSLOCK]

More dumpity dump??   

not really.

Try with Bitcoinwisdom. 



Waiting 0.0016.

Is that the price at which you plan to come gloat? 

[rpietila]

I find it hard to believe that the dumps during the last month are part of manipulation. There was some case for manipulation during the quick rise (especially from 0.003 to 0.0043) and also with the big dump that broke the support line in 0.0028.

But now? Nah.

It is quite evident that we are sitting on a floor, with dumps quite quickly bought up. If normal market action leads somebody to sell, the pressure continues. If the floor (roughly around 0.0018) breaks, I am not holding my breath to see 0.001 again, but 0.0015 is a possibility.

The leveraged longs are causing some caution, not that I would believe they are prone to be liquidated but some of them might be eager to sell, which is muting the upside.

Also the bid volume is not very robust.

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

[TrueCryptonaire]

I find it hard to believe that the dumps during the last month are part of manipulation. There was some case for manipulation during the quick rise (especially from 0.003 to 0.0043) and also with the big dump that broke the support line in 0.0028.

But now? Nah.

It is quite evident that we are sitting on a floor, with dumps quite quickly bought up. If normal market action leads somebody to sell, the pressure continues. If the floor (roughly around 0.0018) breaks, I am not holding my breath to see 0.001 again, but 0.0015 is a possibility.

The leveraged longs are causing some caution, not that I would believe they are prone to be liquidated but some of them might be eager to sell, which is muting the upside.

Also the bid volume is not very robust.

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

Which fiat exchange are you talking about?

[binaryFate]

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

Added emphasis
This is a super good news!!
It will also help to decouple the price from XBT movements & crowd mood, and help price discovery of XMR by itself.

[dreamspark]

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

I personally disagree, I really don't see a fiat exchange causing much upwards pressure other than an initial excuse for a small pump when it is 'announced' or 'released'.

[rpietila]

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

Which fiat exchange are you talking about?

I personally know of 3 plans, one of which is this month, second one is during summer, third is later this year. All by reputable people that I know (separate people in each ) In addition I am starting a XMR fund myself but I am legendary slow in action so don't buy just yet based on this alone 

The reason why this is upwards pressure is that non-BTC owners (99% of the investor population) have not been able to invest before, but now they can.

[rangedriver]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

[shitaifan2013]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

iirc, so far we've only pooled xmr without any decision of the details what parts of getmonero.org are going to be translated.

if we want to get the whole site translated it might be indeed better to get some more information up since some pages are still lacking content.

[kazuki49]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

Many ppl responded to the bounty what is a good thing but it seems we are bounded by the technical side: http://forum.getmonero.org/6/ideas/317/translating-getmonero-org?page=&noscroll=1#post-1359

[rpietila]

But it is not going to be an easy surge. The current price is well established and we have resistance at 235, 250, 290. Based on this, it does not make sense to buy for short-term speculation. The time for that is only after these hurdles are cleared. Therefore, I envision that the range-bound trading continues until one of the sides is thoroughly exhausted.

It is easier to exhaust the sellers though, all we need is some new money

[rpietila]

In addition to getmonero.org, moneroinvestment.com (under construction) should be translated. It is quite little content, so should be easy.

[dEBRUYNE]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

Care to reveal where you got this info? I hope it is true though, more exchanges means more awareness and easier access to buying Moneroj.

[rangedriver]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

Care to reveal where you'd get this info? I hope it is true though, more exchanges means more awareness and easier access to buying Moneroj.

Juxtaposed against the rumor that Cryptsy was imminently adopting XMR as part of it's interface upgrade, Horus (of Cryptsy) since confirmed (circa mid-June) that ETA is approx 1-2 months, but less than 3.

[dEBRUYNE]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

Care to reveal where you'd get this info? I hope it is true though, more exchanges means more awareness and easier access to buying Moneroj.

Juxtaposed against the rumor that Cryptsy was imminently adopting XMR as part of it's interface upgrade, Horus (of Cryptsy) since confirmed (circa mid-June) that ETA is approx 1-2 months, but less than 3.

Cryptsy and ETA's.. I have to see that trading pair before I believe it

[GingerAle]

Cryptsy should be online with XMR by the 1st September. All new exchanges, fiat or otherwise, can only be a good thing.

What's the latest in regards to this Chinese translation? I think we had gotten 600-800 XMR or so, but needed an organiser...?

I'm sure a token organiser's fee could be factored into the bounty.

iirc, so far we've only pooled xmr without any decision of the details what parts of getmonero.org are going to be translated.

if we want to get the whole site translated it might be indeed better to get some more information up since some pages are still lacking content.

if people want to create the needed content and send to me, I can format into markdown. THis bitcoin guide might be a good one to use as template.
https://www.reddit.com/r/Bitcoin/comments/3bqkbc/ive_just_spent_over_14_hours_writing_the/

Then we can translate.

hooray off topic

i speculate bananas

[mrkavasaki]

Monero is too expensive, i would't buy in yet

[TrueCryptonaire]

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

Which fiat exchange are you talking about?

I personally know of 3 plans, one of which is this month, second one is during summer, third is later this year. All by reputable people that I know (separate people in each ) In addition I am starting a XMR fund myself but I am legendary slow in action so don't buy just yet based on this alone 

The reason why this is upwards pressure is that non-BTC owners (99% of the investor population) have not been able to invest before, but now they can.

Yes, please do not act fast. Let me accumulate first. 
In my accumulation I am not interested in buying in bumps and causing a bump so I am buying only modest amounts at time + trying to lend some coins (which is hard nowdays as nobody seems to short monero).