[XMR] Monero Speculation

[regexlove]

the joking order book is back, very classy.
 

[lolikop]

the joking order book is back, very classy.
 

Its not a joke it can still be sold into

[TheKoziTwo]

I dont think a big pump will happen too many bagholders

A bagholder is an investor who is holding onto an asset that has depreciated in value from his average buy price. I think we can agree on that definition or something similar. A bagholder may have lost a lot of faith in the asset due to being in the red for a very long time. When the price finally goes up to his entry level he seizes the opportunity to get out ahead or break even. That's why there's a lot of resistance on previous tops like 0.0043. Many bagholders are selling around that level to get out of the losing investment. Now we already had one attempt to break it, which means that some bagholders most likely have sold. That leaves less bagholders for the next attempt.

And once we break that resistance, suddenly a lot of people will be in profit. Once we break 0.0043, every single person who bought monero since October 2014 and held is in profit. The bagholders have sold and the newcomers who just bought in at 0.0043 won't sell for a while. That means there's suddenly a lot less resistance and what we often see is major spike in price before profit taking occurs.

We don't really need a a very big pump to overcome the bagholders, we need to break through the resistance at 0.0043, which isn't very far of. I'm just looking at the support and volume lately, and it seems very strong to me. We already had a correction, so now we're ready for another attempt. I'd say the chances are pretty good this time, and I think if there was too many bagholders left we would see stronger selling than we did near the top, but it wasn't a straight line up and down like the previous one.

[wpalczynski]

nice analysis

[smoothie]

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. 

Just to be clear how are you defining "money"?

[lolikop]

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.  

Just to be clear how are you defining "money"?

Money is worthless so is crypto!

But crypto maybe the next big thing

[DaveJones]

Ready for the next big pump to $1.98 

[Dotto]

[explorer]

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.  

That part  is easy enough.  Every time I try, the bar just raises with my buys though, and I never amass more than I want to hodl.   Not sure where this ends.  nioc's  defective sell button seems to have infected my system.  Perhaps I can free it up by buying more.  I should just buy on margin, then I have to sell eventually 

[XMRChina]

Instead of talking about the price where we may want to sell Monero, we should talk about the merchants where we would like to spend it.

It is up to all of us to build the ecosystem. Reach out and introduce decision makers to Monero.

[generalizethis]

Instead of talking about the price where we may want to sell Monero, we should talk about the merchants where we would like to spend it.

It is up too all of us to build the ecosystem. Reach out and introduce decision makers to Monero.

Does Tesla have a space yacht division?

[XMRChina]

Instead of talking about the price where we may want to sell Monero, we should talk about the merchants where we would like to spend it.

It is up to all of us to build the ecosystem. Reach out and introduce decision makers to Monero.

Does Tesla have a space yacht division?

I am not sure but this seems like a good use for Monero to me: http://www.virgingalactic.com/human-spaceflight/fly-with-us/

It would require XMR prices to rise some more before I could afford it.

[CrowdWhale]

Ok, seriously... is he really trying to sell those orders at 400k and 409k? I'm truly curious.

[americanpegasus]

Ok, seriously... is he really trying to sell those orders at 400k and 409k? I'm truly curious.

Too many possible variables exist to give much credence to walls 30% away from the price in either direction.  The only thing that matters are the actual buys/sells, and even those are circumspect because they can be colluded and faked.

[TrueCryptonaire]

Ok, seriously... is he really trying to sell those orders at 400k and 409k? I'm truly curious.

It might be Aminorex giving markets.

[explorer]

Ok, seriously... is he really trying to sell those orders at 400k and 409k? I'm truly curious.

Too many possible variables exist to give much credence to walls 30% away from the price in either direction.  The only thing that matters are the actual buys/sells, and even those are circumspect because they can be colluded and faked.

  Closer to 10% than 30%.  It's a jump, but we've all seen it happen in a blink.  Fun buy, for someone with more discretionary funds than I 

[CrowdWhale]

Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope, but also fundamentals). 500k is just the near term stop, but it will happen. 8-10 days.

[explorer]

Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope). 500k is just the near term stop, but it will happen. 8-10 days.

All of this new volume since February  hasn't pushed us this far just to quit in the vicinity of the last major high.  I've been way bullish since the Hydrogen Helix release.  So much good news, so much greater liquidity.  Fair market value, ahead!

[TrueCryptonaire]

Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope, but also fundamentals). 500k is just the near term stop, but it will happen. 8-10 days.

As it has stated earlier in this thread the biggest resistance is on the way to 0.004-0.0045 levels as many of the bagholders are desperate to break even. Once they have been shaken out at current levels, it is speculated the rise is smoothier since the permabulls are the only bagholders. And this bull-community will not sell their coins but rather think how they can diversify into other assets.
It has been told us by Risto earlier that we should sell a part of our stash at 2 usd each... Personally I refuse doing this. Even 20 usd is too little for me. Some diversification (or "redistribution of coins") might take place once the price hits 200+ usd each. But also at that point there are takers as well and the choir in the trollboxes are praising and singing happy songs about XMR and her bright future.

[MrGood]

Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope, but also fundamentals). 500k is just the near term stop, but it will happen. 8-10 days.

As it has stated earlier in this thread the biggest resistance is on the way to 0.004-0.0045 levels as many of the bagholders are desperate to break even. Once they have been shaken out at current levels, it is speculated the rise is smoothier since the permabulls are the only bagholders. And this bull-community will not sell their coins but rather think how they can diversify into other assets.
It has been told us by Risto earlier that we should sell a part of our stash at 2 usd each... Personally I refuse doing this. Even 20 usd is too little for me. Some diversification (or "redistribution of coins") might take place once the price hits 200+ usd each. But also at that point there are takers as well and the choir in the trollboxes are praising and singing happy songs about XMR and her bright future.

TrueCryptonaire == Risto?

My guess is that TC started out as Risto's bad side, but over time found more credibility than Risto himself.