[XMR] Monero Speculation

[dreamspark]

In general I have been suprised by how much buying there has been given the low liquidity on the bid side of the orderbooks. Im convinced this part of the fallout from Polo's not so new KYC requirements. I know personally I often had low ball bids in the hopes of a mega dump like the one back at 0.0015 that I no longer keep on the books.

[1714732587]

1714732587

[rpietila]

Perhaps the bid/ask volume correlate negatively. At least I would probably set up asks if I was in the business of buying, and not so many bids, becasue they might drive the price up.

[boolberry]

In general I have been suprised by how much buying there has been given the low liquidity on the bid side of the orderbooks. Im convinced this part of the fallout from Polo's not so new KYC requirements. I know personally I often had low ball bids in the hopes of a mega dump like the one back at 0.0015 that I no longer keep on the books.

Of all the CryptoNote coins, Monero has by far the best liquidity even after the changes you just mentioned.  More exchanges will help improve liquidity further.  Other coins would like to have your current liquidity "problem".

[TrueCryptonaire]

Perhaps the bid/ask volume correlate negatively. At least I would probably set up asks if I was in the business of buying, and not so many bids, becasue they might drive the price up.

It depends on how are a buyer going to buy their coins.
If a buyer wants to by from the sell orders, then perhaps a low amount of bids are optimal but if a buyer wants to buy from the dumps, then the bids are more helpful.

[boolberry]

Perhaps the bid/ask volume correlate negatively. At least I would probably set up asks if I was in the business of buying, and not so many bids, becasue they might drive the price up.

It depends on how are a buyer going to buy their coins.
If a buyer wants to by from the sell orders, then perhaps a low amount of bids are optimal but if a buyer wants to buy from the dumps, then the bids are more helpful.

I hope you leave your current signature in place as it is very honest:
"When I do not own Moneros I am uber bearish. When I hold a bag I am uber bullish."

Many people value your insight in this thread but feel you are sometimes disingenuous and question your motives when your comments change radically back and forth.

[inca]

Is monero used as a currency on the dark web (yet?)?

[slap]

Is monero used as a currency on the dark web (yet?)?

Well, you meen the .onion network accessable through TOR?
Have been there recently (yikes!) and didnt notice a mentioning of xmr.
As far as I can tell still btc as usual.

Openbazaar looks like a thing xmr will suit well imho.
Though I feel that xmr shouldt be getting the stigma of 'criminal-crypto', if you get my drift.

[smooth]

Is monero used as a currency on the dark web (yet?)?

I'm not seen any evidence of that happening and frankly I'd be very skeptical of any coin that claims to be other than Bitcoin.

[Nas]

I was away for Monero price speculation for some time. What is the right time to buy again in your opinion?

[oblox]

I was away for Monero price speculation for some time. What is the right time to buy again in your opinion?

Lets get out our crystal balls.

[TrueCryptonaire]

I was away for Monero price speculation for some time. What is the right time to buy again in your opinion?

Now. As many as you think you need for the coming years.

[GingerAle]

I was away for Monero price speculation for some time. What is the right time to buy again in your opinion?

Lets get out our crystal balls.

all day every day.

impossible to tell. If you zoom out on polo to the entire history of XMR trading, it looks like this 0.002 is a new level of some kind. Been in this range for months. Probably the best bet to get cheaper coins is to wait until some whale dumps and tanks the price, and then buy up at it re stabilizes. So basically you'd have to keep your eye out for huge buy walls, but these can be pulled, so there's no rhyme or reason to wait.

you buying to hodl or to make a quick ROI? buying to hodl, buy all day every day. Buyin to ROI < 2 months, watch for whale movements.

[Domian]

sold all of my xmr.

thanks for the pump guys

[TrueCryptonaire]

sold all of my xmr.

thank for the pump guys

You remind me of the guy who dumped 100 k xmr atr 0.0015 btc only to see it going to 0.0043... Anyone has the link to the video?

[Nas]

Thanks guys. I will buy slowly, starting from today.

[smooth]

sold all of my xmr.

thank for the pump guys

You remind me of the guy who dumped 100 k xmr atr 0.0015 btc only to see it going to 0.0043... Anyone has the link to the video?

https://www.youtube.com/watch?v=RHg8qIKJo1I

[dnaleor]

sold all of my xmr.

thank for the pump guys

You remind me of the guy who dumped 100 k xmr atr 0.0015 btc only to see it going to 0.0043... Anyone has the link to the video?

It would be very funny if someone makes a vid buying the wall at 0.0025

[jehst]

I'm bearish on BTC right now so that makes me bearish on XMR. Too many rejections at $300/btc. Coinbase lunar rejection. March/April rejection. Summer rejection. You might say that XMR can go up without bitcoin. This is true, but it will be difficult. LTC and DRK both had pumps that failed this year.

What I want to see is broad bullishness in the cryptocurrency space because a rising tide lifts all boats. I'm not interested in short-lived, local pumps.
I will be bullish on BTC and XMR when the blocksize debate is over and we are moving closer to the halving. I'm going to be mostly in fiat until Jan 2016 at the earliest.

[kazuki49]

I'm bearish on BTC right now so that makes me bearish on XMR. Too many rejections at $300/btc. Coinbase lunar rejection. March/April rejection. Summer rejection. You might say that XMR can go up without bitcoin. This is true, but it will be difficult. LTC and DRK both had pumps that failed this year.

What I want to see is broad bullishness in the cryptocurrency space. Not just short-lived, local pumps.
I will be bullish on BTC and XMR when the blocksize debate is over and we are moving closer to the halving. I'm going to be mostly in fiat until Jan 2016 at the earliest.

Mark Karpeles arrest and confirmation of the willybot history is extremely bearish, the great Bitcoin pump was insider manipulation, there is little demand for cryptocurrencies, but I'm extra bearish on Bitcoin, at least while cryptokingdown shows promise on XMR side, and it does.

[jehst]

I'm bearish on BTC right now so that makes me bearish on XMR. Too many rejections at $300/btc. Coinbase lunar rejection. March/April rejection. Summer rejection. You might say that XMR can go up without bitcoin. This is true, but it will be difficult. LTC and DRK both had pumps that failed this year.

What I want to see is broad bullishness in the cryptocurrency space. Not just short-lived, local pumps.
I will be bullish on BTC and XMR when the blocksize debate is over and we are moving closer to the halving. I'm going to be mostly in fiat until Jan 2016 at the earliest.

Mark Karpeles arrest and confirmation of the willybot history is extremely bearish, the great Bitcoin pump was insider manipulation, there is little demand for cryptocurrencies, but I'm extra bearish on Bitcoin, at least while cryptokingdown shows promise on XMR side, and it does.

I'm reading through the ex Mtgox CEO AMA on reddit now. Look at this:

The only time I suspected something was wrong (beyond Mark himself) was in April 2013 when my ex-employee contacted me to report there was an account that seemed to be buying bitcoins at a surplus rate, and it seemed to be internal to the company.

It's even worse than I thought. The fake trading started in April.