[XMR] Monero Speculation

[dreamspark]

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

And ~65% below where he stopped buying last time.

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop ~80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

[1714925206]

1714925206

[farfiman]

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop 80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

WHEN it falls like a stone then feel free to say so. Currently that is not the case.

[dreamspark]

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop 80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

WHEN it falls like a stone then feel free to say so. Currently that is not the case.

What I said was phrased as a question. Speculating on whether he stops buying now which I think he has and we drop like a stone again.
Its called a speculation thread not a confirmation thread.

[farfiman]

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop 80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

WHEN it falls like a stone then feel free to say so. Currently that is not the case.

What I said was phrased as a question. Speculating on whether he stops buying now which I think he has and we drop like a stone again.
Its called a speculation thread not a confirmation thread.

Saw no question mark. If that was the intention then you may be right.

[TrueCryptonaire]

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop 80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

WHEN it falls like a stone then feel free to say so. Currently that is not the case.

What I said was phrased as a question. Speculating on whether he stops buying now which I think he has and we drop like a stone again.
Its called a speculation thread not a confirmation thread.

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

We need to preach the good news of Monero to the whole mankind.
If each of us can make 5-10 disciples and those disciples themselves are taught to make 5-10 more disciples (just like MLM), the adoption goes viral. The religion called Xiaty is spread like this and it is the biggest religion in the world.
We need to have a plan, and one idea could be to create cashflow assets ("mining rig" could be one of like this - everyone participates with Moneros buying mining shares which pays the dividends in Moneros). The mining fund also could be a business that collects some Moneros from the markets + some of the owners of the contracts might hold coins (or being forced to hold if the payout is for instance one a month etc).

[dreamspark]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker.

Ill break down exactly what Im SPECULATING is happening. LET ME MAKE IT CLEAR ALSO THAT THIS IS IN NO WAY A DIG AT RISTO, I LIKE HIM.

He announces the price will now rise. Not a hard predicition to make when your going to start buying. Begins buying along with the other people who see announcement. Price rises and everyones frothing at the mouth about how great of a prediction it was adding credability to what he says. The hubris takes us up to around December high. He realises he's the only one really buying still. (at this point lots of people are selling for 60%+ profit). Then comes on here and announces Im bearish for such and such a reason to explain why the price then drops because hes stopped buying. Anouncing Im bearish also makes the people who blindly follow then sell, adding to the drop and again adding credibility to what he says.
 My point is its not hard to predict the market when your making the majority of buys and then letting it fall when you stop.
Im not saying he's the only one at all but certainly the main one hence why now he's stopped buying it will go back down. I'd love to be proved wrong, please everyone buy it up lets break the December high without Ristos buying but in my opinion its not going to happen soon.

[TrueCryptonaire]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker.

Ill break down exactly what Im SPECULATING is happening. LET ME MAKE IT CLEAR ALSO THAT THIS IS IN NO WAY A DIG AT RISTO, I LIKE HIM.

He announces the price will now rise. Not a hard predicition to make when your going to start buying. Begins buying along with the other people who see announcement. Price rises and everyones frothing at the mouth about how great of a prediction it was adding credability to what he says. The hubris takes us up to around December high. He realises he's the only one really buying still. (at this point lots of people are selling for 60%+ profit). Then comes on here and announces Im bearish for such and such a reason to explain why the price then drops because hes stopped buying. Anouncing Im bearish also makes the people who blindly follow then sell, adding to the drop and again adding credibility to what he says.
 My point is its not hard to predict the market when your making the majority of buys and then letting it fall when you stop.
Im not saying he's the only one at all but certainly the main one hence why now he's stopped buying it will go back down. I'd love to be proved wrong, please everyone buy it up lets break the December high without Ristos buying but in my opinion its not going to happen soon.

You pretty much nailed it.
That's why I am here trying to brainstorm more ways to add demand for Monero.
It should not rely on only Risto's friends (do not get me wrong, it is good to have them aboard, too) but we need more demand and take more market share from places that are even out of our reach currently.

[Hueristic]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker. ...

Your trying to be a market maker that's why I proved you wrong.


BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.

[dreamspark]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker. ...

Your trying to be a market maker that's why I proved you wrong.


BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.

Ah you again. So speculating anything is trying to make markets now. I'm not trying to be a market maker at all. I don't need to be when theres someone doing it for us.

Must of missed the bit where you "proved me wrong"   Guessing your talking about disagreeing about the legnth of time that constitutes short term which as I said is completely objective. Oh and if your talking about my predicition that we wouldn't break the short term high, you didnt prove me wrong my friend the market did.

Just follow its easy. Close to 60% profits to anybody who bought at announcement and sold in the last 18 hours. Just look at the volume dropout for today. Someones stopped buying...

[TrueCryptonaire]

I think those who wanted to take the profits of fast 60 % rise have sold more or less already.
Soon might be time to do the thing with 0.002, hopefully for good and forever.

[dreamspark]

I think those who wanted to take the profits of fast 60 % rise have sold more or less already.
Soon might be time to do the thing with 0.002, hopefully for good and forever.

Thats the hope, gonna take a fair few btc to do it though.

[TrueCryptonaire]

I think those who wanted to take the profits of fast 60 % rise have sold more or less already.
Soon might be time to do the thing with 0.002, hopefully for good and forever.

Thats the hope, gonna take a fair few btc to do it though.

Risto is complaining there is very little Moneros for sale... At least you can find some coins now pretty close to the spot without too much slippage.  

For OTC traders this is like a wet dream come true: You can charge 20 % premium on Moneros and you get larger amounts even without a huge slippage.

[Hueristic]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker. ...

Your trying to be a market maker that's why I proved you wrong.


BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.

Ah you again. So speculating anything is trying to make markets now. I'm not trying to be a market maker at all. I don't need to be when theres someone doing it for us.

Must of missed the bit where you "proved me wrong"   Guessing your talking about disagreeing about the legnth of time that constitutes short term which as I said is completely objective. Oh and if your talking about my predicition that we wouldn't break the short term high, you didnt prove me wrong my friend the market did.

Just follow its easy. Close to 60% profits to anybody who bought at announcement and sold in the last 18 hours. Just look at the volume dropout for today. Someones stopped buying...

Putting words in my mouth? Point out where I was "disagreeing about the legnth of time that constitutes short term". And If 1 day doesn't constitute short term for you what does?

[G2M]

I'll put 40 on bear trap.

[dreamspark]

I think those who wanted to take the profits of fast 60 % rise have sold more or less already.
Soon might be time to do the thing with 0.002, hopefully for good and forever.

Thats the hope, gonna take a fair few btc to do it though.

Risto is complaining there is very little Moneros for sale... At least you can find some coins now pretty close to the spot without too much slippage.  

For OTC traders this is like a wet dream come true: You can charge 20 % premium on Moneros and you get larger amounts even without a huge slippage.

There are plenty for sale. 40btc worth under the previous high 24 hours after hitting it.

[smooth]

There are plenty for sale. 40btc worth under the previous high 24 hours after hitting it.

40 btc is plenty?

I guess it depends on the scale you have in mind but I don't really consider that a deep market.

[opennux]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker. ...

Your trying to be a market maker that's why I proved you wrong.


BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.

So is this gonna end exactly the same as always. Hueristic and his casino-gains stops buying and price drops like a stone....

[TrueCryptonaire]

There are plenty for sale. 40btc worth under the previous high 24 hours after hitting it.

40 btc is plenty?

I guess it depends on the scale you have in mind but I don't really consider that a deep market.

It is plenty. There is very rarely people who market-buys 40 btc's worth of coins.
Usually the walls in Monero is like 1000-2000 xmr (~ 2-4 btc), sometimes the whales might put a hyperwall of more like 100 btc worth of Moneros.

[Hueristic]

rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?

Because people follow him. He's like a market maker. ...

Your trying to be a market maker that's why I proved you wrong.


BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.

So is this gonna end exactly the same as always. Hueristic and his casino-gains stops buying and price drops like a stone....

LOL, I could never move this market.

There are plenty for sale. 40btc worth under the previous high 24 hours after hitting it.

40 btc is plenty?

I guess it depends on the scale you have in mind but I don't really consider that a deep market.

It is plenty. There is very rarely people who market-buys 40 btc's worth of coins.
Usually the walls in Monero is like 1000-2000 xmr (~ 2-4 btc), sometimes the whales might put a hyperwall of more like 100 btc worth of Moneros.

Thats just one good size hand on the 5-10 tables.

[TrueCryptonaire]

I think Monero might get adaption among the crypto community if we manage to get this coin among top 10 Cryptos...
At least Monero is paid attention then.