[XMR] Monero Speculation

[americanpegasus]

I am not real.  I was not real yesterday.  I hoped to be not real again today but it seems that others are more not real than I today.  

Contributing to the lack of my not realness today is the fact that I am working on my day off.

 
  
Great Scott!  It seems your mom accidentally got the hots for XMR instead of BTC!  This is a catastrophe!  
  

[1714673809]

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[1714673809]

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[1714673809]

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[americanpegasus]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

Well on Valentine's weekend 5 million Monero exchanged hands.  Think about that.  Do you think 5 million Monero exchanged hands for a measly 10% gain, or just to dump again?  Selfish or benevolent, that kind of sunk cost only creates an environment with future potential profits. 
 
Also the stack is creeping ever closer to that 4000 XMR wall at 200k.  How long can it resist?

[wpalczynski]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

Well on Valentine's weekend 5 million Monero exchanged hands.  Think about that.  Do you think 5 million Monero exchanged hands for a measly 10% gain, or just to dump again?  Selfish or benevolent, that kind of sunk cost only creates an environment with future potential profits. 
 
Also the stack is creeping ever closer to that 4000 XMR wall at 200k.  How long can it resist?

4K is not a wall, more like a small step.

[smooth]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

Well on Valentine's weekend 5 million Monero exchanged hands.  Think about that.  Do you think 5 million Monero exchanged hands for a measly 10% gain, or just to dump again?  Selfish or benevolent, that kind of sunk cost only creates an environment with future potential profits. 

I think there are a lot of people/bots engaging in short term trading and likely the same Monero traded many times.

[mathgal23]

...
The strong rise was artificial thus fake and the conclusions in that article don't apply. There weren't any real buyers behind that volume and move up in price.

If you wish to deny reality I am not going to stop you. The readers can take a look at the charts and form their own conclusions.

Well on Valentine's weekend 5 million Monero exchanged hands.  Think about that.  Do you think 5 million Monero exchanged hands for a measly 10% gain, or just to dump again?  Selfish or benevolent, that kind of sunk cost only creates an environment with future potential profits. 

I think there are a lot of people/bots engaging in short term trading and likely the same Monero traded many times.

I agree the turnover was very high. There are not enough XMR in circulation for any other reasonable assumption.

[dEBRUYNE]

Crosspost:

Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:
http://satoshiroundtable.org/

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Here is the full vid, fluffypony is on from ~6:00 until ~32:00 and gives a little interview:

https://www.youtube.com/watch?v=PKd7F-10lxM

[explorer]

It appears that one could market buy 90k XMR for about $90k right now on Poloniex.  What an opportunity for a low slippage buy!

[americanpegasus]

It appears that one could market buy 90k XMR for about $90k right now on Poloniex.  What an opportunity for a low slippage buy!

I think Poloniex would make the best possible escrow between two parties anyway. 
 
I know people talk about preferring to do trades off-exchange, but why?  The fee is reasonable.  Just agree that the XMR seller will place a sell wall at the agreed upon price and the buyer will come in within a few minutes and eat it.  Everyone wins. 
 
Also, Ric really was impressive in that interview, and as I've expressed elsewhere - really expressed exactly what the problem with Dash is.  Here's hoping it shakes a few of the Dash faithful from their perch, and here's hoping his charming South African self wins over a few Bitcoin maximalist whales while he's there.

[phishead]

It appears that one could market buy 90k XMR for about $90k right now on Poloniex.  What an opportunity for a low slippage buy!

A measely $90K?? Sure!

checks wallet

Shit.

[TrueCryptonaire]

Today I was reading the trollbox on Polo. Usually I do not do it but today I felt like I want to see the general atmosphere there. Obviously it was hyped and pumped. However, the thing that made my day was I heard one guy saying he is making money with these pumps and storing them into XMR.
Looks like Monero is beginning to achieve the state of passive holders who simply want privately store their wealth they make when trading/investing. These are early weak signals of Monero replacing gold bullion as a store of value.

When the price of Monero approaches to 1000 usd each I am expecting some calculations from Risto how much each Monero costs if Monero replaces gold as the ultimate safe haven.

[explorer]

It appears that one could market buy 90k XMR for about $90k right now on Poloniex.  What an opportunity for a low slippage buy!

A measely $90K?? Sure!

checks wallet

Shit.

Sigh

 If I the had excess BTC I would do it for the 

[americanpegasus]

With the exception of those knowingly propagating the scam I don't think anyone "deserves to go down with the ship".  I want to rescue (through education) as many people as I can.

 
 
Unfortunately Mein Fuhrer just heard about the debacle and he is not pleased. 
 
http://captiongenerator.com/79795/Fuhrer-Hears-Report-on-Satoshi-Roundtable

Today I was reading the trollbox on Polo. Usually I do not do it but today I felt like I want to see the general atmosphere there. Obviously it was hyped and pumped. However, the thing that made my day was I heard one guy saying he is making money with these pumps and storing them into XMR.
Looks like Monero is beginning to achieve the state of passive holders who simply want privately store their wealth they make when trading/investing. These are early weak signals of Monero replacing gold bullion as a store of value.

Yes, among alt traders, XMR is growing into a stable hedge - the perfect place to move your money and profits into when you're done chasing waterfalls.

[owm123]

Today I was reading the trollbox on Polo. Usually I do not do it but today I felt like I want to see the general atmosphere there. Obviously it was hyped and pumped. However, the thing that made my day was I heard one guy saying he is making money with these pumps and storing them into XMR.
Looks like Monero is beginning to achieve the state of passive holders who simply want privately store their wealth they make when trading/investing. These are early weak signals of Monero replacing gold bullion as a store of value.

When the price of Monero approaches to 1000 usd each I am expecting some calculations from Risto how much each Monero costs if Monero replaces gold as the ultimate safe haven.

I would put to much faith into what they say in trollbox. You can find there "positive" things about literally every single coin.

[TrueCryptonaire]

With the exception of those knowingly propagating the scam I don't think anyone "deserves to go down with the ship".  I want to rescue (through education) as many people as I can.

 
 
Unfortunately Mein Fuhrer just heard about the debacle and he is not pleased. 
 
http://captiongenerator.com/79795/Fuhrer-Hears-Report-on-Satoshi-Roundtable

Today I was reading the trollbox on Polo. Usually I do not do it but today I felt like I want to see the general atmosphere there. Obviously it was hyped and pumped. However, the thing that made my day was I heard one guy saying he is making money with these pumps and storing them into XMR.
Looks like Monero is beginning to achieve the state of passive holders who simply want privately store their wealth they make when trading/investing. These are early weak signals of Monero replacing gold bullion as a store of value.

Yes, among alt traders, XMR is growing into a stable hedge - the perfect place to move your money and profits into when you're done chasing waterfalls.

That's actually the true sign of money: when you are done with investing, you will always end up to cash which is Monero.
When you have done your work in your day job, you get paid and convert it to Monero.
If enough people will do this, nothing can stop this beast, it is like the reincarnation of cthulhu.

[TrueCryptonaire]

Today I was reading the trollbox on Polo. Usually I do not do it but today I felt like I want to see the general atmosphere there. Obviously it was hyped and pumped. However, the thing that made my day was I heard one guy saying he is making money with these pumps and storing them into XMR.
Looks like Monero is beginning to achieve the state of passive holders who simply want privately store their wealth they make when trading/investing. These are early weak signals of Monero replacing gold bullion as a store of value.

When the price of Monero approaches to 1000 usd each I am expecting some calculations from Risto how much each Monero costs if Monero replaces gold as the ultimate safe haven.

I would put to much faith into what they say in trollbox. You can find there "positive" things about literally every single coin.

Yes trolls are obviously pumping the coins they own because it is their job from which they get paid.
That being said, I love when people view Monero like this. There are huge opportunities for Monero to get ultrapumped if the whole trollbox will start praising the name of Monero. Potentially there is volume of 20 000-30 000 btc on daily basis. Etherium has been successful getting the majority of the volume recently but at some point people might find Monero even more exciting and put their bitcoins into Monero and then the price goes to new heighs. I see even 0.1 btc Monero price a possibility in a few years if everything goes as in scripts (usually it doesn't - it can go even better).

[thelibertycap]

   
Unfortunately Mein Fuhrer just heard about the debacle and he is not pleased. 
 
http://captiongenerator.com/79795/Fuhrer-Hears-Report-on-Satoshi-Roundtable

nice one

[hitchingAride]

Long term look at Monero.



The moving averages are showing a strong bullish trend..



If we look at the Bollinger bands we see one of the tightest squeezes in Moneros history followed by a strong breakout. Its been like just over a month since that breakout I would say this is just the beginning of a longer term trend. Currently our next big resistance is in the range of 210k and 220k sats after that point it doesn't seem like there is much to oppose the bulls.

[TrueCryptonaire]

I think the markets will calm a little bit now. Not too much though.
I consider anything below 0.00185 a good buying opportunity currently. The short term looks a bit bearish to me, I have prepared some btc to catch the falling knife.

[TrueCryptonaire]

The down moves are very sticky. Looks like Monero wants to rise like a cork.

[americanpegasus]

The down moves are very sticky. Looks like Monero wants to rise like a cork.

 
 
From one trader to another, it is not easy.  You cannot rely on anything anyone says.  What you *can* do is send your 'troops' (coins) into battle either long or short.  This is the market equivalent of uncovering the 'fog of war' and calling someone's bluff in poker.  The resistance you encounter on either side will tell you the truth of the matter.  Unfortunately, this information is not without cost, as you will have to cover or buy back in soon after your gambit. 
 
I will share this with you: in the past weeks I have dumped a little as a test, just to see how fragile our upward movement is.  After all, if you are trying to acquire, you don't want to make a big fuss about it and drive up the price - right?  I can confirm there is strong acquisition going on independent of any other market indicators and hype. 
 
Of course don't take this as trading advice; just my personal observations.