ArticMine
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Monero Core Team
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July 21, 2015, 06:22:12 PM |
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So what are people's thoughts on that 50k wall at .0026?
If someone is looking for a long term investment and does not mind some slippage a market order on the wall can make a lot of sense. I suspect it may be fake, but it can still be taken down with a market order.
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illodin
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July 21, 2015, 06:42:19 PM |
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8e6ff4e10f3f154e9e05f49273e5c780848790d6f5baab2fb80d60d8e1aabba6
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mrkavasaki
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July 21, 2015, 06:45:19 PM |
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Finally they are buying.... Good Good
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Abiky
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www.Crypto.Games: Multiple coins, multiple games
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July 21, 2015, 07:01:28 PM |
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Monero's price has been increasing over the days. It increased from $0.50 to almost $0.60 in 4-5 days. Take a look at the charts below: You should buy Moneros when you still can. I have that feeling that the price will increase to $0.10 per Monero. Monero to the moon!
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canth
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July 21, 2015, 07:05:48 PM |
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I've bought today so far around 7500 XMR and I am still nibbling. Wow. That's a lot of Monero you got there. I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR. I have a feeling you might become rich when Monero's price goes up. You're assuming the Monero-overtakes-Bitcoin scenario Not really. 25 BTC might be worth even more. and I still think would be very damaging to the crypto-economy as a whole As you know I'm less convinced of that. As a special case of how that might not happen, I don't rule out the possibility of two winners in crypto, one being the (more) transparent coin (assume hypothetically this is Bitcoin) and one being the (more) private coin (less clear at this point what that might be but Monero is certainly a plausible candidate). It isn't clear to me that the transparent coin would necessarily be bigger, and it also isn't clear that the private coin turning out to be bigger would have the same effect as some other coin that did the same thing as Bitcoin overtaking Bitcoin. http://startupmanagement.org/2015/06/06/the-next-10-years-42-macro-predictions-in-cryptography-blockchains-and-consensus-protocols/"There will be 10 widely and commonly used, global virtual currencies that will be considered mainstream, and their total market value will exceed $5 Trillion dollars, and represent 5% of the world’s $100 Trillion economy in 2025 (Bitcoin will still be the largest one of them)." I'm not sure that I agree with William Mougayar's analysis but it's certainly a possibility that multiple cryptocurrencies will end up competing for a share of the marketplace. For example, countries could decide to favor one cryptocurrency over another - such as accepting XMR and not BTC for payment of taxes, giving a need to have multiple cryptocurrencies, if only for one purpose.
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--Encrypted--
Copper Member
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hee-ho.
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July 21, 2015, 07:06:05 PM |
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You should buy Moneros when you still can. I have that feeling that the price will increase to $0.10 per Monero. Monero to the moon! that ain't right. I think you mean $1.10 per monero. hopefully I'll be able to buy more before that happens.
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smooth (OP)
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July 21, 2015, 07:07:20 PM |
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8e6ff4e10f3f154e9e05f49273e5c780848790d6f5baab2fb80d60d8e1aabba6
Please elaborate.
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Abiky
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www.Crypto.Games: Multiple coins, multiple games
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July 21, 2015, 07:14:34 PM |
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You should buy Moneros when you still can. I have that feeling that the price will increase to $0.10 per Monero. Monero to the moon! that ain't right. I think you mean $1.10 per monero. hopefully I'll be able to buy more before that happens. I mean that maybe in the next 4-5 days or a week, Monero's price will reach the $0.10 mark. For the following months, it might increase to $1 but that case is unpredictable. Price volatility is either good and bad. You could earn profits or you could lose everything you have invested.
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medusa13
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hello world
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July 21, 2015, 07:20:39 PM |
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not that excited yet, but lets see. took the last bite today during work. remember, the low prices made us all happy. yes i know, high prices are good too but it also gets more expensive to buy if you buy on a regular base. anyway, allready have enough i guess
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XMR Monero
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TrueCryptonaire
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July 21, 2015, 07:25:32 PM |
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not that excited yet, but lets see. took the last bite today during work. remember, the low prices made us all happy. yes i know, high prices are good too but it also gets more expensive to buy if you buy on a regular base. anyway, allready have enough i guess A good idea might be to put a buy order near the market and hope it gets dumped. If not, then marketbuy.... But if it gets dumped, you have most likely made a good deal and can congratulate yourself.
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medusa13
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hello world
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July 21, 2015, 07:33:00 PM |
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have been buying some more during this floor, but now its allready above my btc average. sould not buy above it. floor was close to my average, sometimes below, not only to mine, thats why it was the floor in the end good times. btw i am more fiat denominated kind of guy, not too much interested in btc, but beeing in the green with btc is nice too if possible
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XMR Monero
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TrueCryptonaire
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July 21, 2015, 07:37:47 PM |
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have been buying some more during this floor, but now its allready above my btc average. sould not buy above it. floor was close to my average, sometimes below, not only to mine, thats why it was the floor in the end good times. btw i am more fiat denominated kind of guy, not too much interested in btc, but beeing in the green with btc is nice too if possible When people buy Monero, they are buying expectations. They are expecting Monero going higher than the current price. Therefore people want to buy it even if their average buying price slightly increases... Especially, if the floor of the dump that follows the current rally will be significiantly higher than the current price.
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medusa13
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hello world
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July 21, 2015, 07:53:16 PM |
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So what are people's thoughts on that 50k wall at .0026?
If someone is looking for a long term investment and does not mind some slippage a market order on the wall can make a lot of sense. I suspect it may be fake, but it can still be taken down with a market order. yes i agree. 135k for something like 330btc, ~$0.68 average considering current btc prices. not that shabby...
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XMR Monero
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Melbustus
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July 21, 2015, 08:50:33 PM |
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I've bought today so far around 7500 XMR and I am still nibbling. Wow. That's a lot of Monero you got there. I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR. I have a feeling you might become rich when Monero's price goes up. You're assuming the Monero-overtakes-Bitcoin scenario Not really. 25 BTC might be worth even more. and I still think would be very damaging to the crypto-economy as a whole As you know I'm less convinced of that. As a special case of how that might not happen, I don't rule out the possibility of two winners in crypto, one being the (more) transparent coin (assume hypothetically this is Bitcoin) and one being the (more) private coin (less clear at this point what that might be but Monero is certainly a plausible candidate). It isn't clear to me that the transparent coin would necessarily be bigger, and it also isn't clear that the private coin turning out to be bigger would have the same effect as some other coin that did the same thing as Bitcoin overtaking Bitcoin. http://startupmanagement.org/2015/06/06/the-next-10-years-42-macro-predictions-in-cryptography-blockchains-and-consensus-protocols/"There will be 10 widely and commonly used, global virtual currencies that will be considered mainstream, and their total market value will exceed $5 Trillion dollars, and represent 5% of the world’s $100 Trillion economy in 2025 (Bitcoin will still be the largest one of them)." I'm not sure that I agree with William Mougayar's analysis but it's certainly a possibility that multiple cryptocurrencies will end up competing for a share of the marketplace. For example, countries could decide to favor one cryptocurrency over another - such as accepting XMR and not BTC for payment of taxes, giving a need to have multiple cryptocurrencies, if only for one purpose. Yeah, I remember that article. It was solid. I agree that it will be an ecosystem of coins, but a fairly small number (<10 ?) that will have significant cap. Anyways, that article got a fair amount of play in tech/startup circles. But few people did the math on what he was predicting for BTC price. Let's take the most conservative view on the assumptions in that statement and say that BTC is only *barely* the biggest coin; that'd be ~10% of the $5T, so $500B market-cap. At full 21,000,000 coins in circ, that's $23809/btc. Mougayar is a well-respected guy, but if I recall, few people spoke much of what amounted to an investment prediction. I guess a lot of people consider it gouache to speak much of price.
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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kurious
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July 21, 2015, 09:33:41 PM |
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Yeah, I remember that article. It was solid. I agree that it will be an ecosystem of coins, but a fairly small number (<10 ?) that will have significant cap.
Anyways, that article got a fair amount of play in tech/startup circles. But few people did the math on what he was predicting for BTC price. Let's take the most conservative view on the assumptions in that statement and say that BTC is only *barely* the biggest coin; that'd be ~10% of the $5T, so $500B market-cap. At full 21,000,000 coins in circ, that's $23809/btc.
Mougayar is a well-respected guy, but if I recall, few people spoke much of what amounted to an investment prediction. I guess a lot of people consider it gouache to speak much of price.
This is a speculation thread, so interest in price is pretty central here ;-) If you think of different programming languages - then it is not crazy to say there may be 10 or more cryptos with significant value / cap, each with a viable niche they can thrive in. It makes sense. Of these 10 it is also possible that 8 do not yet exist, however. This is still just the embyonic stage - not much activity yet exists in terms of real usage (outside speculation), but it will come. Current speculation value is obviously an estimation of the potential of application. We live in interesting times.
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我想要火箭和火车
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kurious
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July 21, 2015, 09:48:29 PM |
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While I am on - good to see a decent volume back on Polo again.
I hope we might find out what happens to that wall at 26 soon if BTC stays around it's current range.
Monero has a small cap, it won't take much coming in to see significant moves and this rise seems not have much to do with BTC. I wonder if it is not funds looking for what is next.
Feeling bullish.
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我想要火箭和火车
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hodlmybtc
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July 21, 2015, 09:52:08 PM |
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3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.
*Slowly moving my BTC to Poloniex*
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camu6
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July 21, 2015, 10:08:05 PM |
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3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.
*Slowly moving my BTC to Poloniex*
The perfect storm, let's go! The 0.0026 wall will move or get eaten for sure.
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luigi1111
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July 21, 2015, 10:14:41 PM |
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3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.
*Slowly moving my BTC to Poloniex*
The perfect storm, let's go! The 0.0026 wall will move or get eaten for sure. Guess it moved to .0032.
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newb4now
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July 21, 2015, 10:38:23 PM Last edit: July 21, 2015, 10:59:13 PM by newb4now |
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It is so easy that I am crying to make it accessible for you - Buy XMR now at $0.35. Most people can set aside $1,000 so that'll be 3,000 XMR, a rather easy buy even in the illiquid exchange. - Write it off. Don't care about what you could have bought with it. Work overtime to recoup the money if you must, or skip a trip, to make it emotionally OK that you have given the money away. - Do some productive stuff, don't follow XMR unless you care about the nascent payment network and services in alpha stage. - Wait, until it hits $2 (not that hard, we were doing it for months last summer; the ath = $5), if the day arrives, sell 500 XMR and get back 100% of your original investment. If anything, now you should be totally ok to just wait where it goes. - Continue your life. - Sell 500 XMR every time it goes up 10x from the previous sale. This way the schedule is: 500 XMR @ $2 500 XMR @ $20 500 XMR @ $200 500 XMR @ $2,000 (gain $1 million) 500 XMR @ $20,000 (gain $10 Mm) 500 XMR @ $200,000 except since at this point you are set for life plus have XMR that is worth 100 million in purchasing power, it's hardly necessary to sell it unless you need something. $200,000 * 18 million coins = $3,600 billion, still <1% of the current total in USD-denominated assets, so as such, not even a win for crypto but a good start ADD: Oh forgot to mention: never, EVER:
- sell at a loss - deviate from the plan in any other way. I like your plan to take some XMR profits every time it goes 10x May I ask if you did the same thing with BTC? I know you bought a castle with your BTC so we know you took at least several million in profit at some point:)
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