[XMR] Monero Speculation

[dEBRUYNE]

Some of the working strategies include:

- market making (holding both multiple buy and sell orders spaced around the current price) to capture volatility
- buy ladder (having multiple buy orders somewhat apart from each other and periodically delete the lowest and put a new one on top of the highest one)
- in a downtrend, put a small bid in front of every large existing bid, waiting for a dump
- in an uptrend, try to keep your very small order on top of the bids
- in an uptrend, market buy, especially if there is a sell wall nearby so that you can secure a large amount

Thanks. That is very interesting.
I would understand if you don't want to answer this next question - But, have you seen the above transpire? (Might take more than an eye, perhaps some analysis tools of course.)
From my simplistic perspective, it certainly looks like there is a party that is accumulating but I wonder if others have been paying attention to what you posted, and more???
The volume alone is screaming out.

IAS

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

[Kyune]

I think Monero has two obstacles to overcome before it permanently moves up into a higher price bracket, relative to Bitcoin.

First, Monero will need to definitively put to rest the perception -- whether accurate or not -- that Monero may have a bloat problem, in terms of blockchain size and/or memory usage.  This perception has dogged Monero from the beginning and it does Monero no favors.  

Second, Monero will need a no frills GUI -- something simple and easy, friendlier than the command line interface.  I love me a good CLI.  Many don't.

I am confident both of these issues will get addressed.   All in good time.

The bloat/blockchain size is not a problem. It will not be a problem in even 5 years, stop with the nonsense. People are getting this wrong (so have I).
Fluffy can throw you some numbers and you will see. I do however see a problem with the memory usage, 3+ GB of RAM is indeed too much. I was forced to close most of my work that I had previously started.
A GUI is necessary for adoption! Many do not like using a console, and even more do not know how to use one.

Just to be clear, I did not say Monero has an actual bloat problem, from a technical perspective.  I'm saying, whether or not the "bloat" thing has any merit to it whatsoever, this perception has managed to get out there -- perhaps through a misunderstanding, or through the intentional work of Monero's detractors, I don't know.  I guess it is a communications/PR issue at this point.  I just know the perception is out there, and that it sometimes turns people off to Monero when they don't look very deeply.   Such people -- "new money", if you will -- are not each going to individually contact Fluffy for numbers to address their concerns.

The problem is precisely that "[p]eople are getting this wrong."

[vuduchyld]

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

[dEBRUYNE]

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

That's is very nice indeed, but I meant, with most altcoins (except dogecoin), you only see high volume on pump days and dump days. Monero seems to maintain its volume even though it's moving sideways.

[vuduchyld]

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

That's is very nice indeed, but I meant, with most altcoins (except dogecoin), you only see high volume on pump days and dump days. Monero seems to maintain its volume even though it's moving sideways.

Indeed.

[Jungian]

I'm very pleased that a coin like XMR can hold value in such early stages of development. It will be very interesting to see what will happen once this becomes a little more user friendly.

I will probably continue to buy this coin for the foreseeable future.

[dnaleor]

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days


edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

[nioc]

You made me look at the Dark charts.  It hit a low of 2.4 mBTC a week ago as I was leaving for a few days away.  XMR also hit a monthly low around the same time and I couldn't help but buy a bit more.

I have no idea where XMR is going for the short term, only the long term. 

Although some Dark money might be going to XMR now there are several other places for it to go.  Flavor of the moment.  Eventually a good portion will end up in XMR.

[dEBRUYNE]

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days


edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this  

[blaaaaacksuit]

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this  

I get the feeling were going to be waiting quite a while for any significant upward movement.  

[smooth]

Guys, please do not continue to quote the same large chart on every post. Once per page is enough.

Future offenders will be deleted.

OP edited

[Its About Sharing]

Guys, please do not continue to quote the same large chart on every post. Once per page is enough.

Future offenders will be deleted.

OP edited

What works well is just to shrink the chart down using this "img width=200"  (Just add the "width=200")
It is quite small but you still get what the chart looks like.



IAS

[aminorex]

I get the feeling were going to be waiting quite a while for any significant upward movement.  

In XMR I'm expecting a slow rise with bumps.  No significant month-end dumping this time, unless there's a delusional panic of some sort.  I can barely even formulate this expectation, let alone articulate a justification for it.  If pressed, I would say:  Not enough monero on offer to stay below 0040, but too much disaster going on in cryptoland for a proper bull stampede.  BTSX is an absolute catastrophe for crypto generally, on the scale of Mt. Gox.  Other price leaders are pretty awful too.  DRK is destroying a lot of wealth.  Naive DRK holders who don't understand the distinction between DRK and XMR at a technical level just feel robbed.  BTCD could do a lot of damage to crypto as well.  This PoS blackcoin clone's market cap passed XMR today.  It could be several days before it collapses into obscurity.  Until it tops out, the dumpers won't be rolling their ill-gotten gains into XMR yet, so no choo-choo.

[Melbustus]

I get the feeling were going to be waiting quite a while for any significant upward movement.  

In XMR I'm expecting a slow rise with bumps.  No significant month-end dumping this time, unless there's a delusional panic of some sort.  I can barely even formulate this expectation, let alone articulate a justification for it.  If pressed, I would say:  Not enough monero on offer to stay below 0040, but too much disaster going on in cryptoland for a proper bull stampede.  BTSX is an absolute catastrophe for crypto generally, on the scale of Mt. Gox.  Other price leaders are pretty awful too.  DRK is destroying a lot of wealth.  Naive DRK holders who don't understand the distinction between DRK and XMR at a technical level just feel robbed.  BTCD could do a lot of damage to crypto as well.  This PoS blackcoin clone's market cap passed XMR today.  It could be several days before it collapses into obscurity.  Until it tops out, the dumpers won't be rolling their ill-gotten gains into XMR yet, so no choo-choo.

Yes, indeed. There's a lot of money to be lost in the alt space in general. That's going to leave a very sour taste in many people's mouths about crypto in general. I keep arguing this point with the various shameless alt-promoters out there who shout about the alt-space being such a beautiful field of fertile experimentation and human creativity, and all I think is that all these wide-eyed kids are about to experience a dot-com style financial bloodbath.

[dnaleor]

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this  

I get the feeling were going to be waiting quite a while for any significant upward movement.  

and what about this trendline at the 4h chart?

[dEBRUYNE]

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this  

I get the feeling were going to be waiting quite a while for any significant upward movement.  

and what about this trendline at the 4h chart?

Someone here got more knowledge of Elliot Waves? I don't know if we can apply this to such a illiquid market. But I think we will see wave 5 soon. (with 0.0032-0.0037 as wave 1, sideways/slowly griding down at 0.0036-0.0037 at wave 2, 0.0036-0.0042 as wave 3, 0.0042-0.0038 as wave 4). If anyone with more knowlegde on this topic could comment I would appreciate it.

Bytheway, we bounced of 0.0042 again, third or fourth time. Pretty tough resistance area there, we will probably boom if we break that.

EDIT: I remembered that I read something about it on babypips a few days ago. Looked for it and found this:

3 Cardinal Rules of the Elliott Wave Theory

Rule Number 1: Wave 3 can NEVER be the shortest impulse wave
Rule Number 2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number 3: Wave 4 can NEVER cross in the same price area as Wave 1


Read more: http://www.babypips.com/school/summer-school/elliott-wave-theory/the-3-cardinal-rules-and-some-guidelines.html#ixzz3BXs0q1Jz

I think this run-up breaks none of the rules so far, but as I've said, I've got minor knowlegde of this topic, so would appreciate it if someone with more knowledge could comment on this.

[aminorex]

BTCD could do a lot of damage to crypto as well.  This PoS blackcoin clone's market cap passed XMR today

Blatant FUD! BTCD has nothing to do with blackcoin at all. Shame on you aminorex, you should know better. Are you scared?

jl777 mentioned that BTCD was using the blackcoin code base.  If that was blatant FUD, then it came from the developer.  I haven't compared the code, but see no reason to doubt James.

[smooth]

Post deleted:

Please do not spam the thread by quoting a whole page of promotional materials from another coin. Incidental discussion of other coins as they may relate to Monero Speculation in fine.

[kennyP]

BTCD could do a lot of damage to crypto as well.  This PoS blackcoin clone's market cap passed XMR today

Blatant FUD! BTCD has nothing to do with blackcoin at all. Shame on you aminorex, you should know better. Are you scared?

jl777 mentioned that BTCD was using the blackcoin code base.  If that was blatant FUD, then it came from the developer.  I haven't compared the code, but see no reason to doubt James.

You know by now what the plan for BTCD is, to call it a clone of blackcoin is FUD.

[kennyP]

Post deleted:

Please do not spam the thread by quoting a whole page of promotional materials from another coin. Incidental discussion of other coins as they may relate to Monero Speculation in fine.

Fair enough then! Just for the record, I own ~47K XMR, and I think monero has a great future, and I'm really excited at the prospect of being able to (maybe) teleport XMR around on the BCTD privacy network. I'm very impressed with jl777's desire to try and unite the whole crypto coin community into a 'super network' that adds privacy features to ALL coins. As an investor that makes all coins more valuable, but I'm disappointed some other monero followers seem to have missed that point.

I've been around this forum since mid 2012, and teleporting coins via the BTCD privacy network is the most exciting development I've seen since bitcoin itself.