[XMR] Monero Speculation

[wpalczynski]

This is just an attempt to buy lower most of the selling today is fake to create a panic

If no panic dumps occur within 3 hours expect a fast recovery

Or maybe Monero 200k is incoming, and this is just like the top from last year at 430.  Chart looks very similar, though not identical.  No one here wants to admit this possibility.  I bet everyone was bullish at that last peak too, just like this.

How is it even remotely similar?  Please help me see what you keep talking about.  I think anyone that says this chart looks like the previous top must be spreading FUD and talking their book.

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[iCEBREAKER]

Most of bolded is explained by the dispostion effect.

https://en.wikipedia.org/wiki/Disposition_effect

Interesting biases/theories that are related to this are the endownment effect and prospect theory. All boil down to behavioral finance, which is in my opinion an interesting subject.

Very interesting.  Thank you.

https://en.wikipedia.org/wiki/Terror_management_theory

Those holding inevitably worthless bags of Dash or whatever use a variation of this to rationalize waiting for a miracle.

[Dotto]

Well, the shorter must be having a bad time. If you buy 30.000 moneros right now, the price would propel to 38ksat, so he would be losing a nice chunck, plus interest. And as price recovers the shorter gets more and more REKT tokens for himself.

Popcorns  

[lolikop]

Next pump to 460-480K within 1 week confirmed by now too many support @ 350K

[Monerobuyer0]

How is it even remotely similar?  Please help me see what you keep talking about.  I think anyone that says this chart looks like the previous top must be spreading FUD and talking their book.

They aren't the same, just kindof similar.  The new rise is slower, and the dump since the top less severe, at least so far, which is a good sign.  I hope it remains that way.

I hold some Monero, though I have no margin position.  I'm just scared right now, and most of the rest here seem convinced it is continuing higher.  I did sell a bit out of fear, but not many.

[vuduchyld]

I panic bought

[explorer]

I panic bought

Fine Work!  Every coin sold today also had a lucky buyer.

[meme magic]

This thread is like:



 

[vuduchyld]

60 BTC SELL wall at .0036 right now, which is exactly where a 60 BTC BUY wall was yesterday.

Toooooo funny. 

Whales be whalin'.

[kjadB]

60 BTC SELL wall at .0036 right now, which is exactly where a 60 BTC BUY wall was yesterday.

Toooooo funny. 

Whales be whalin'.

cruel bastards

[CrowdWhale]

Some people got a real gift from our Crywhale.  The crypto hissy fit.

Once again, nope. You must have some pretty low self esteem if you need to invent things to bash other people with. I shorted ETH instead. If I'd shorted XMR you wouldn't have noticed it. I don't dump.

[CrowdWhale]

This is what happens when people here troll someone who has bought Monero (Crowdwhale), and make him want to leave.  He sells and we all have to sit here looking at our -7% Monero.  

I am very sad that that happened.

No one trolled him.  He came in flinging around a series of temper tantrums because the price wouldn't move the way he wanted, demanded 'the boogeywhales' cater to him or he would leave and go back to Forex, and no one obliged his ego.  Monero ill needs holders like that.  If that was him dumping his stash I would say we are better off without those XMR being in his hands.  Monero is the most sophisticated financial asset in the world - if you dump it because the other holders don't pander to your whims, then I'm not sure you deserve what comes next anyway.

Once again a mischaracterization. You seem to read anger where there's either humor or dismay. I critiqued the whale, as did others, and then made a joke about him beaching himself. I said I would go back to forex if it reached a certain price because it meant I'm just not suited to these manipulated markets. Nowhere did I insult anyone other than a faceless market manipulating whale, and nowhere did I "whine" or "cry" or "rant" or anything of the sort. You guys must be really bored.

[GingerAle]

This is what happens when people here troll someone who has bought Monero (Crowdwhale), and make him want to leave.  He sells and we all have to sit here looking at our -7% Monero.  

I am very sad that that happened.

No one trolled him.  He came in flinging around a series of temper tantrums because the price wouldn't move the way he wanted, demanded 'the boogeywhales' cater to him or he would leave and go back to Forex, and no one obliged his ego.  Monero ill needs holders like that.  If that was him dumping his stash I would say we are better off without those XMR being in his hands.  Monero is the most sophisticated financial asset in the world - if you dump it because the other holders don't pander to your whims, then I'm not sure you deserve what comes next anyway.

Once again a mischaracterization. You seem to read anger where there's either humor or dismay. I critiqued the whale, as did others, and then made a joke about him beaching himself. I said I would go back to forex if it reached a certain price because it meant I'm just not suited to these manipulated markets. Nowhere did I insult anyone other than a faceless market manipulating whale, and nowhere did I "whine" or "cry" or "rant" or anything of the sort. You guys must be really bored.

Yeah this is the speculation thread. I mean, the price goes up, the price goes down. Recently its been going up. A lot. I mean, I was here when this thing was 20 cents. 20 goram cents! Damn I shoulda bought more. Stupid mining hardware so much fun to build.

Anyway. I'm obviously a monero perma-bull, but I really have a hard time convincing myself that monero aint going nowhere but up. I mean, really, the only thing that could kill monero is if cryptocurrency failed in general. Which I guess is why monero perma-bulls are also sympathetic bitcoin supporters, like "yeah.... you guys just keep doing your thing... don't mind us over here. You just make those on and off ramps work nice and fine."

So my speculation.... we'll probably be between this ridiculous $1.50 and $1.20 for another while before the GUI is out (ridiculous... because it was 20 cents). When the GUI comes out, we'll have a good ol' spike, and then poloniex will experience a massive run on its monero holdings. Be interesting to see what happens when there's less monero just sitting in peoples accounts on poloniex. "Oh damn, I gotta load my blockchain to get in on this price action?" After the GUI comes out, with I assume its packaged XMR.to functionality, we'll see a slow but steady climb as people go "well... I could mix my bitcoin... or just buy some monero."

And then RingCT will come out and we'll all be like

( mindblown.gif. Damn you image proxy )

[numismatist]

Probably, but I think it's easy to forget how few of us (real people) there are in a sea of scammers and shill accounts all trying to defraud one another.

Additionally, there's a difference between people who are generally interested in cryptocurrency and its future and those who simply want to make money trading it. The latter tend to get bored and disappear after losing their shirt a couple times.

Defraud and getting defrauded. The pool is drying up, scammy exchange sites mostly for shitcoins (Bitrex to name a few) are sucking in the highest trading fees. Roulette table style, the bank slowly but always wins.

Getting rid of newcomers ain't exactly paving the road to long term success, too. Been here since the BTC pump before the big BTC pump, and observed people are getting older and older. Some sockpuppets cannot reduce the average age when it comes to real investors.

[americanpegasus]

Once again a mischaracterization. You seem to read anger where there's either humor or dismay. I critiqued the whale, as did others, and then made a joke about him beaching himself. I said I would go back to forex if it reached a certain price because it meant I'm just not suited to these manipulated markets. Nowhere did I insult anyone other than a faceless market manipulating whale, and nowhere did I "whine" or "cry" or "rant" or anything of the sort. You guys must be really bored.

Well there's your whale, Ahab - he's staring at you from that fake 120k XMR wall at 370.  If you want him, just go eat that wall in its entirety and take him out of the game.

But know that with every XMR you sell, you are literally giving him free money.  Does he deserve it?  Will you cower to his whims and pay him the tribute he demands?  

[papa_lazzarou]

I came across this guy stating that Polo does not have a Money Transmission License:
https://www.reddit.com/r/BitcoinMarkets/comments/4cmzit/is_kraken_lending_out_customer_funds/

Doing a quick search I found another one which looks at the issue closer and for more exchanges:
https://www.reddit.com/r/Bitcoin/comments/3krum0/the_ticking_time_bomb_of_crypto_exchanges_and/

FUD? If not, what could be the possible consequences?

[vuduchyld]

Wow, that is just nasty.  And also so obvious.

Sigh...I guess I better move a few BTC to Polo this morning. 

[ArticMine]

I came across this guy stating that Polo does not have a Money Transmission License:
https://www.reddit.com/r/BitcoinMarkets/comments/4cmzit/is_kraken_lending_out_customer_funds/

Doing a quick search I found another one which looks at the issue closer and for more exchanges:
https://www.reddit.com/r/Bitcoin/comments/3krum0/the_ticking_time_bomb_of_crypto_exchanges_and/

FUD? If not, what could be the possible consequences?

In the case of Poloniex it is pure FUD since they are registered as an MSB with registration number: 31000055869515.  Go to https://www.fincen.gov/financial_institutions/msb/msbstateselector.html and search for the registration number or for Poloniex under legal name.

Edit: Money Transmitter Licenses in the US are a state requirement. So it is quite possible Poloniex are not compliant in one, more or all states.

[griffen1102]

This is just an attempt to buy lower most of the selling today is fake to create a panic

If no panic dumps occur within 3 hours expect a fast recovery

Or maybe Monero 200k is incoming, and this is just like the top from last year at 430.  Chart looks very similar, though not identical.  No one here wants to admit this possibility.  I bet everyone was bullish at that last peak too, just like this.

How is it even remotely similar?  Please help me see what you keep talking about.  I think anyone that says this chart looks like the previous top must be spreading FUD and talking their book.

[chart removed]

You don't see any similarity here? You were looking at 1W, this is 1D.

Disclaimer: Just want to say I think this is a fakeout to get people to sell. But this is very similar to last price rise, and I don't think it's by accident. The volume is wayy different and that's the biggest sign to me that this is a MM fakeout.

[Dotto]

100k sell wall VS 60k buy one.

If Im not mistaken there´s a 30k short that has to cover at any moment.




Edit: Sell wall GONE
Edit2: Sell wall visible again. Flashing in and out