[XMR] Monero Speculation

[americanpegasus]

Wow...a 41,000 XMR buy wall (148 BTC) at .00360000 on Polo.

SOMEBODY doesn't want the price to go below .0036.  Is 40K XMR a whale?  $60,000 and change?

LMAO @ this crazy ass buy wall.    Is this a tease or will it morph into a more substantial move?

[vuduchyld]

Wall just moved to .00365.

Somebody wants to see the price go up.  Because that move was not strictly necessary.

[vuduchyld]

Boom.  Wall NOT pulled.

There was a 107 BTC sell at .00365.

Could lead us down a bit?

[medusa13]

wall got dumped   nice buy, congrats
i dont think he can buy back lower like he intends to, but lets see.


-> Join #monero-markets, everyone welcome (stay classy). we watch whales, discuss walls and troll for fun. best source for rumors and info, its cryptos bloomberg  <-

[americanpegasus]

On the other hand, maybe it really was someone who wanted to acquire that much monero with no slippage.  Who knows?  


In other news, I think my comments earlier were misconstrued.  Monero is literally the best money on the planet.  So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before.  You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money.  The fact that XMR is not especially popular yet doesn't detract from its superiority. 
 
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before.  This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages).  At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential. 

[phishead]

Here's the thing:

Notice how a lot of regulars from this thread are strangely absent?

Notice also how the people who are here are saying "we can go up.. we can go up..".

These people will sell once we hit 360k-400k.

Clearly whales have temporarily evacuated, presumably fearing a BTC spike, and the remaining population are aware of that and are seeking to escape at the next best opportunity.

Evidence of this has just been seen.

Just because people don't come on here everyday to talk about the same things over and over again doesn't mean people are leaving... Regular people have regular lives to live. This is just a hobby for me and I'm sure a lot of other people feel the same way. I pity the fool who spends all there time clicking refresh on these threads every minute to get the "inside scoop" from "trading experts".

[ArticMine]

On the other hand, maybe it really was someone who wanted to acquire that much monero with no slippage.  Who knows?  


In other news, I think my comments earlier were misconstrued.  Monero is literally the best money on the planet.  So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before.  You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money.  The fact that XMR is not especially popular yet doesn't detract from its superiority.  
  
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before.  This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages).  At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.  

Placing a buy wall slightly above market, creating a combination taker / maker order, is a very effective way for someone to buy a substantial position at market with minimal slippage. This is what I suspect our 40K XMR buyer just did.

Edit: The idea is accepting that your order will move the market while at the same time minimizing slippage.

[wpalczynski]

Here's the thing:

Notice how a lot of regulars from this thread are strangely absent?

Notice also how the people who are here are saying "we can go up.. we can go up..".

These people will sell once we hit 360k-400k.

Clearly whales have temporarily evacuated, presumably fearing a BTC spike, and the remaining population are aware of that and are seeking to escape at the next best opportunity.

Evidence of this has just been seen.

yeah, riiight.... that is some solid evidence right there.....

[TheKoziTwo]

In other news, I think my comments earlier were misconstrued. Monero is literally the best money on the planet. So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before.  You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money.  The fact that XMR is not especially popular yet doesn't detract from its superiority.  
  
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before.  This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages).  At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.  

It may very well be that Monero is the best money on the planet right now (technologically), but at one point Bitcoin was the best money on the planet. Perhaps a year from now something else will be the best money on the planet. While I won't say that Monero is a bad investment right now, I would be cautious about having as my only goal to own more monero than I did before. In fact if you bought in heavily around 0.001-0.002 it would probably be a good idea to take some profit along the way and not necessarily aim to own more monero but to get your initial investment back, and perhaps a little profit. That way you'll be better suited to invest in whatever happens to be the best money next week while also holding a stake in monero in case it turns out to be the long term winner.

I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around.

What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position.  

[TrueCryptonaire]

In other news, I think my comments earlier were misconstrued. Monero is literally the best money on the planet. So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before.  You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money.  The fact that XMR is not especially popular yet doesn't detract from its superiority.  
  
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before.  This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages).  At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.  

It may very well be that Monero is the best money on the planet right now (technologically), but at one point Bitcoin was the best money on the planet. Perhaps a year from now something else will be the best money on the planet. While I won't say that Monero is a bad investment right now, I would be cautious about having as my only goal to own more monero than I did before. In fact if you bought in heavily around 0.001-0.002 it would probably be a good idea to take some profit along the way and not necessarily aim to own more monero but to get your initial investment back, and perhaps a little profit. That way you'll be better suited to invest in whatever happens to be the best money next week while also holding a stake in monero in case it turns out to be the long term winner.

I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around.

What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position.  

The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc.
Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF.

In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF.

[TheKoziTwo]

The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc.
Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF.

In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF.

That's true, but the chances of that happening are astronomically small, so it doesn't make sense to apply that strategy today. If we think that way and ignore non-crypto then right now you should work on increasing your BTC stake as it is the largest and most successful crypto. The ultimate coin basically. I think personally that a good idea is to diversify from BTC into promising projects with a rate % similar to that what you own of BTC. E.g if you own 1% of all BTC, then perhaps you should diversify so that you own 2% of all monero, and then sell half of your moneroj after the price doubles, leaving you with 1% of bitcoin & 1% of monero. This way, you'll do well regardless of which coins end up doing best long term. The problem of course is finding those promising coins before the price has bubbled. I think XMR is still in pre-bubble stage atm though

[kurious]

The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc.
Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF.

In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF.

That's true, but the chances of that happening are astronomically small, so it doesn't make sense to apply that strategy today. If we think that way and ignore non-crypto then right now you should work on increasing your BTC stake as it is the largest and most successful crypto. The ultimate coin basically. I think personally that a good idea is to diversify from BTC into promising projects with a rate % similar to that what you own of BTC. E.g if you own 1% of all BTC, then perhaps you should diversify so that you own 2% of all monero, and then sell half of your moneroj after the price doubles, leaving you with 1% of bitcoin & 1% of monero. This way, you'll do well regardless of which coins end up doing best long term. The problem of course is finding those promising coins before the price has bubbled. I think XMR is still in pre-bubble stage atm though

So a guy who owns 100 BTC should buy 85.7 Monero? Or maybe 171.4?!!

I think I have bought too many, then  

EDIT: spelling

[kurious]

In other news BTC broke 420 on finex and XMR just leapt up.

So what's next...? 

[Dotto]

Overbooking

[vuduchyld]

I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around.

Inquiring minds really want to know what TheKoziTwo has diversified into!  If you're willing to tell all...or even most!

[vuduchyld]

Super strange market today.  Other than XMR, damn near everything on the Polo board that has traded 100BTC in volume is either:

--in the red, or
--in the midst of a 20%+ pump

[TheKoziTwo]

So a guy who owns 100 BTC should buy 85.7 Monero? Or maybe 171.4?!!

I think I have bought too many, then  

EDIT: spelling

Yep, that's a good minimum amount to own I think. But since monero is still cheap, and if you believe in it, buy more. I bought a lot more

Inquiring minds really want to know what TheKoziTwo has diversified into!  If you're willing to tell all...or even most!

I've diversified into BTC. I'll buy other altcoins when I see something promising that isn't in a bubble. My major investment besides BTC is XMR. I do hold some small amounts in other coins like SJCX, NMC, AEON. Eyeing zcash, eth and a few others.

[vuduchyld]

Thanks, TK2

[Dotto]

Super strange market today.  Other than XMR, damn near everything on the Polo board that has traded 100BTC in volume is either:

--in the red, or
--in the midst of a 20%+ pump

The 37K bid wall been eaten alive. Maybe darkflarbs is the next +20%

[lolikop]

I dont think a big pump will happen too many bagholders