[XMR] Monero Speculation

[TrueCryptonaire]

The price uis rising and nobody cares.   

[1714690978]

1714690978

[CrowdWhale]

We are jaded and cynical...

[LucyLovesCrypto]

The price uis rising and nobody cares.   

Why should we care? Most of us are in Monero for the long term and only care about development progress and increasing usage of Monero as a currency.

For me the only good thing (short term) about an increasing price is if that increase encourages more businesses to consider accepting Monero or makes more potential users aware of it.

[CrowdWhale]

People seem somewhat hostile to speculators in the speculation thread.

[TrueCryptonaire]

The price uis rising and nobody cares.   

Why should we care? Most of us are in Monero for the long term and only care about development progress and increasing usage of Monero as a currency.

For me the only good thing (short term) about an increasing price is if that increase encourages more businesses to consider accepting Monero or makes more potential users aware of it.

The price rise is a good thing for Monero from many perspectives:
1) As you said, more businesses get interested
2) When a whale needs to buy some expensive drink he doesn't need to crash the price in doing so (only a small number of coins spent will buy anything)
3) Increasing price encourages adoption - better than any advertisements on television or newspapers
4) The development will become more rewarding, thus hurrying things up.
5) No more whining on threads as nobody is underwater (I have not been underwater for loong time)

Perhaps you can come up even more arguments why increasing price trend (bull market) is better than bear market (which is the problem with fiat money in form of inflation).

[LucyLovesCrypto]

People seem somewhat hostile to speculators in the speculation thread.

If you are referring to the public interactions some people had with you in the last week I am not sure if the hostility was directed at speculation itself.

To me it seemed like people were annoyed that you were complaining about whales who in your view were acting sub-optimally with their placement of buy and sell walls.

Your posts did not bother me at all but I can see why some would challenge your objections (to buy and sell wall placement) since in their view speculation (particularly while trading on margin) assumes the risk of the things your were complaining about. Furthermore since each person in the community acts independently, it would not matter if most of the community agreed with you. Those who did not could still place buy and sell walls wherever they wanted as should be the case in a free market.

[Sukovsky]

No one is actually interested in Monero. Lol.

[LucyLovesCrypto]

No one is actually interested in Monero. Lol.

You were interested enough to make this post. Welcome to the Monero community.

[CrowdWhale]

People seem somewhat hostile to speculators in the speculation thread.

If you are referring to the public interactions some people had with you in the last week I am not sure if the hostility was directed at speculation itself.

To me it seemed like people were annoyed that you were complaining about whales who in your view were acting sub-optimally with their placement of buy and sell walls.

Your posts did not bother me at all but I can see why some would challenge your objections (to buy and sell wall placement) since in their view speculation (particularly while trading on margin) assumes the risk of the things your were complaining about. Furthermore since each person in the community acts independently, it would not matter if most of the community agreed with you. Those who did not could still place buy and sell walls wherever they wanted as should be the case in a free market.

For the 1 millionth time, you're conflating my previous loss with my later complaint about the whale.

I AM NOT ON MARGIN.

[explorer]

Yeah you're totally not gonna get dumped on utter minutes after that clock ends. The golden formula buy the rumor sell the news never fails.

Good call. 

[LucyLovesCrypto]

People seem somewhat hostile to speculators in the speculation thread.

If you are referring to the public interactions some people had with you in the last week I am not sure if the hostility was directed at speculation itself.

To me it seemed like people were annoyed that you were complaining about whales who in your view were acting sub-optimally with their placement of buy and sell walls.

Your posts did not bother me at all but I can see why some would challenge your objections (to buy and sell wall placement) since in their view speculation (particularly while trading on margin) assumes the risk of the things your were complaining about. Furthermore since each person in the community acts independently, it would not matter if most of the community agreed with you. Those who did not could still place buy and sell walls wherever they wanted as should be the case in a free market.

For the 1 millionth time, you're conflating my previous loss with my later complaint about the whale.

I AM NOT ON MARGIN.

Sorry. It sounds like I did not read all your posts carefully enough and I made an incorrect assumption. Please accept my apology.

I am not a trader but do find your technical analysis interest at times. Please keep posting your thoughts.

[TheKoziTwo]

Your story reminds me the story of Warz. Perhaps you are Warz? 

https://www.youtube.com/watch?v=0sr0KtlQu_M

[CrowdWhale]

Not just you, everyone kept doing that. Hehe.

I said, "if it goes down much further you might not be hearing from me again, lol". That was a joke about my bad play I made while drunk and stoned and bored at family's. I don't normally use margin.

Then it went up to 370 and I fixed the situation. Then it went back down and I started complaining about the bear whale, as were other people. Apparently some folks get butthurt when you insult their pet whale.

Now I'm just waiting for support to disappear and a big red candle to shoot down to 321 as the manipulators try to force the head and shoulders. The market just feels too manipulated. And yes, I know most of them are.

[explorer]

Now I'm just waiting for support to disappear and a big red candle to shoot down to 321 as the manipulators try to force the head and shoulders. The market just feels too manipulated. And yes, I know most of them are.

Head and shoulders?  We've almost formed a toe...  Call me when we reach the ankle 

[CrowdWhale]

I typically ignore head and shoulders, for the most part. I think it's a very unreliable pattern. However, when I know people are trying to manipulate the price down it becomes a factor since they're probably looking to paint the tape.

[TrueCryptonaire]

Not just you, everyone kept doing that. Hehe.

I said, "if it goes down much further you might not be hearing from me again, lol". That was a joke about my bad play I made while drunk and stoned and bored at family's. I don't normally use margin.

Then it went up to 370 and I fixed the situation. Then it went back down and I started complaining about the bear whale, as were other people. Apparently some folks get butthurt when you insult their pet whale.

Now I'm just waiting for support to disappear and a big red candle to shoot down to 321 as the manipulators try to force the head and shoulders. The market just feels too manipulated. And yes, I know most of them are.

You are the guy who borrowed recently some coins from me?  

[iCEBREAKER]

The price rise is a good thing for Monero from many perspectives:

1) As you said, more businesses get interested
2) When a whale needs to buy some expensive drink he doesn't need to crash the price in doing so (only a small number of coins spent will buy anything)
3) Increasing price encourages adoption - better than any advertisements on television or newspapers
4) The development will become more rewarding, thus hurrying things up.
5) No more whining on threads as nobody is underwater (I have not been underwater for loong time)

Perhaps you can come up even more arguments why increasing price trend (bull market) is better than bear market (which is the problem with fiat money in form of inflation).

6) As we are sitting on profits, it becomes more feasible to invest in further XMR project funding and Superbowl halftime ads.
7) Space yachting.

[MadCow]

Will the Panama Papers have any effect on XMR?

[explorer]

https://www.armstrongeconomics.com/future-forecasts/political-change-in-2020-or-2016/

By the time we get to 2020, we may be looking at a complete revamp of the monetary system. On January 1, 2017, G20 begins sharing all info on everyone. They are collapsing the world economy and it really looks like things will go nuts in 2018.

This is a good time to make sure your crypto house is in.order.  The need for private currency becomes more and more urgent.

[QuantumQrack]

Will the Panama Papers have any effect on XMR?

Not unless a lot of people end up going to prison.  Otherwise, I would say no.  I suppose in the long run it may teach people to exercise 100% control over their stores of value, which can be facilitated with some cryptocurrencies.

Currently I am of the opinion that the so called Panama Papers are a gigantic joke.