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equipoise
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February 16, 2016, 02:13:29 PM |
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For XMR price to reach $X, it will have to reach every price <$X at least once during the ascent. Let's enjoy the ride and if someone has too many, distribute them to the ones who don't.
This is an important concept that many people don't realize in many aspects of life. For example, take fitness. If you are out of shape, and decide to get *in-shape*, consider that it not only won't be an overnight deal. You will slowly pass through every shape in-between your current flabby self and the final chiseled and gorgeous new-you. And risto is dead-on: If you honestly believe that Monero will one day be $2000 each (even if it takes us to 2020 to get there), then it will have to hit all new highs at every price between this one and that... sometimes even rapidly. There will come a day quite soon when Monero will hold steady at $2 each and we will marvel. Then we will be shocked when it crests $10 and we imagine that surely it will drop back down (just as they did with the original Bitcoin). Then it will cross $50, $100, and even $500. Every single price level seems impossible, until it's reality. 6 months ago, we had $200 bitcoins and 35 cent Monero. If I had told you that by Valentine's Day of '16 we'd have $400 bitcoins (actually down from a higher high) and Monero flirting with the dollar mark, you might not have believed me. But that's our reality now. So too will $900 bitcoins and $7 Moneros one day be our reality. (possibly sooner than we expect). Monero has never reached new price levels order of magnitude higher then what it was traded before (excluding tiny amounts of known OTC trades). I expect the real fight to get to orders of magnitude higher (if this ever happens) to be when 100% of Monero is traded below the current price in USD, EUR and BTC together. We are now at 76+% in USD and EUR, and 58+% in BTC:  *Screenshot from MoneroPrice.i2p |
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TrueCryptonaire
Legendary
 Offline
Activity: 1092
Merit: 1000
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February 16, 2016, 02:14:05 PM
Last edit: February 16, 2016, 02:52:14 PM by TrueCryptonaire |
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it will probably absolutely explode if the sell wall of 238 gets eaten in one shot.
The dumps are excellent opportunities to cover the shorts and thus dampen the sellers.
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TrueCryptonaire
Legendary
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Activity: 1092
Merit: 1000
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February 16, 2016, 02:54:05 PM |
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For XMR price to reach $X, it will have to reach every price <$X at least once during the ascent. Let's enjoy the ride and if someone has too many, distribute them to the ones who don't.
And prefertably do it sooner rather than later so that we can reach higher levels with the price. |
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klee
Legendary
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Activity: 1498
Merit: 1000
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February 16, 2016, 03:09:35 PM |
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XMR is currently at a double top.
3 cases:
1) Breakout (0.00238879)
2) Pullback,
a) Rise again for a triple top break
b) Pullback and fail (if it gives a sell at 0.00167545). Sometimes a double top can be very bearish.
3) Consolidate (more X/O columns without a buy/sell signal).
The above are based in the usual chart I have posted here (1d HL, 3%x3).
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klee
Legendary
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Activity: 1498
Merit: 1000
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February 16, 2016, 03:36:13 PM |
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For XMR price to reach $X, it will have to reach every price <$X at least once during the ascent. Let's enjoy the ride and if someone has too many, distribute them to the ones who don't.
I wish they did the same with GMC, the orderbook is very thin, no one can buy serious amount without big slippage!  |
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hiddensphinx
Legendary
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Activity: 1457
Merit: 1001
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February 16, 2016, 03:52:45 PM |
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I believe the XMR whales at Poloniex can pump this baby the same way ETH was pumped
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TrueCryptonaire
Legendary
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Activity: 1092
Merit: 1000
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February 16, 2016, 03:57:05 PM |
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I believe the XMR whales at Poloniex can pump this baby the same way ETH was pumped
Not the same way. |
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GordoZ
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February 16, 2016, 04:02:32 PM |
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it will probably absolutely explode if the sell wall of 238 gets eaten in one shot.
The dumps are excellent opportunities to cover the shorts and thus dampen the sellers.
Now it is the time? |
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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February 16, 2016, 04:03:20 PM |
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This is a cool screenshot:  |
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GTO911
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February 16, 2016, 04:04:08 PM |
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Were we having a $1 parity party?  |
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opennux
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February 16, 2016, 04:04:48 PM |
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This is gentleman. 1$ parity.
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GordoZ
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February 16, 2016, 04:06:44 PM |
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Herp
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February 16, 2016, 04:08:10 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
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opennux
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February 16, 2016, 04:09:31 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? |
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Herp
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February 16, 2016, 04:10:29 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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February 16, 2016, 04:12:29 PM |
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$1 limit broken. The most bullish indicator for XMR ever (Allow me a bit of bragging because I helped a bit) |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
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February 16, 2016, 04:13:07 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
The dump should not be an issue: There are open short positions and my Moneros for instance are fully employed. |
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opennux
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February 16, 2016, 04:15:52 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. |
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TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
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February 16, 2016, 04:17:49 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. The issue is that will it retrace before or after hitting 2000 usd/xmr next time. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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February 16, 2016, 04:18:13 PM |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. Exactly; therefore the dump of 50K coins (market sell)... XMR price not affected.  |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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