[XMR] Monero Speculation

[r0ach]

This person must be a millionaire (or Pegasus level crazy about XMR). 

Are you sure you want another Pegasus

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[vuduchyld]

445 BTC buy wall @XMR isnt this just confirmation were going to the moon 

Walls are not reliable.

However, the individual who put it there has the capability to moon us if he so desires.

Putting it close to market price is a new one...

Yeah, that was a bit surprising.

[iCEBREAKER]

445 BTC buy wall @XMR isnt this just confirmation were going to the moon 

Walls are not reliable.

However, the individual who put it there has the capability to moon us if he so desires.

Putting it close to market price is a new one...

Yeah, that was a bit surprising.

This is the most epic wall-based drama since the Battle for Castle Black!   

[explorer]

445 BTC buy wall @XMR isnt this just confirmation were going to the moon 

Walls are not reliable.

However, the individual who put it there has the capability to moon us if he so desires.

Putting it close to market price is a new one...

Yeah, that was a bit surprising.

Are there are no more takers?  Untouched for 3 hours.

[needmoney90]

445 BTC buy wall @XMR isnt this just confirmation were going to the moon  

Walls are not reliable.

However, the individual who put it there has the capability to moon us if he so desires.

Putting it close to market price is a new one...

Yeah, that was a bit surprising.

Are there are no more takers?  Untouched for 3 hours.

popcorn.gif

[vuduchyld]

Volume seems a little slow.  But then it's more than double anything else on Polo with the exception of mETH.

Considering almost 1300 BTC of buy orders and that redonkulous depth chart, I'm surprised to see it languishing.

Maybe China will wake up and smell the Moneroj one of these days.

[TrueCryptonaire]

my predictions have good odds to make actually some real money.

Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money?

If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money?

I should have had been more specific: money here is crypto (XMR or BTC). Not fiat in this case, I try to keep fiat and crypto separate.
I have increased my networth with swing trading XMR-BTC pair. Actually trading it has been the only way to make money with it. Investing has been pretty bad (unless you did not initially buy at 0.001-0.002 levels).
I have made some bad calls obviously but it is enough 51 % of calls are accurate and in case of inaccuracy you cut the loss as fast as possible and when the call is right, let the profit run long enough.

The money I have been making by trading has been used acquiring Monero. Now there is an opportunity to lend XMR to others so I do not need to take too much risk of the fluctuations but still I am able to make money so I do not have an urgency to play pump and dump game also from that matter. And when there will be more opportunities to lend XMR with collateral and high rates, I am willing to employ part of my coins into that purpose, I like to rake/squeeze as many XMR as possible and hold them tight. I do not have any need to spend those coins, currently I am making more than enough in fiat so I do not need to sell my cryptos but I can accumulate more (prefertably by lending/investing).

Would you teach your trading knowledge and skill ?

Well, in the first place. You do not want to trade with 97 % of coins (unless there is an option to short).
Then you seek the momentum when to enter the trade. Shorting is a tricky play with pump'n'dump since nobody can predict how far it goes exactly and the risk is you get margin called before it starts to drop.
However, when it starts to drop and it is a clear pump'n'dump scheme the gambling community are running, then you just start to selling when you see threads: "XYZ coin is a scam, beware".

The other common mistake is to fall in love with your position. If you have pre-determined to stick with certain position and the position is wrong, then you pretty much let the losses run.
I find it harder to teach trading (I made my living with day trading in 2009 in Oslo stock exchange, I made a decent money with it - better than in working but at some point the stock started to run too fast and I lost my interest and went back to real work).

[TeeBone]

Volatility coming in, 3 day macd flips within a week. Hopefully we kiss it and blast thru 430, keep ya stops tight.

[explorer]

Time to pull back your dust sucking loan offers people.  Demand is coming back, let's get some 

[Cryptobro]

If that wall comes down I think we're going to fall pretty hard.
Hard to say what it's intention is, it's been up for a while now.

[smooth]

One messaged deleted for no red allowed except moderation. Quoted unchanged below with green used instead

Volume seems a little slow.  But then it's more than double anything else on Polo with the exception of mETH.

Considering almost 1300 BTC of buy orders and that redonkulous depth chart, I'm surprised to see it languishing.

Maybe China will wake up and smell the Moneroj one of these days.

*fatdonkeylips

[TPTB_need_war]

Following up on my recent statements about Monero being possibly the most free market alternative to Bitcoin's scalecolapyse and also the added strong privacy:

Nobody wants to use any of this shit, Bitcoin included.

Not entirely true. I used Bitcoin to receive funding/donations/loans and mostly not for HODLing. This was cross-border without hardly any fees and no need to know the identity of whom I was dealing with. We bypassed the bank wire tsuris.

Many have used Bitcoin to do "anonymous" activities.

Sorry I think you are wrong here smooth. Bitcoin has a use case for large value transfers. This is why I think Monero may have more value than people realize now.

Stores that accept Bitcoin usually do so via payment processors and auto-dump it. Accepting Bitcoin via payment processors is like an affiliate program for them; they don't care about the currency at all, it is just about traffic.

Agreed, but note they don't accept the other altcoins because the other altcoins don't provide that traffic (free advertising) boost and the altcoins aren't liquid enough to hedge to fiat they want to be paid in.

It just all doesn't serve any purpose that any sane mainstream person would care about, outside of a SHTF scenario.

Disagree. It is just that the use case is a fairly small % of the population. No one has yet focused on the masses use case. As you know, I am focused on that with my non-existent vaporware.

Trying design after design in a futile effort to chase "adoption" is churning investors to pay developer salaries. Bitshares investors are among the biggest suckers, since they paid (and I guess continue to pay, although I don't follow it closely) the Larimers to develop something which serves little to no purpose as decentralized crypto but can now be used as a vehicle to be paid again by banks for "blockchain".

Well I agree when they have no adoption and no viable plan to attain it. Bitcoin investors shouldn't pay for adoption until the adoption is already there.

That is my plan.

[Tokarev]

I do believe in Monero in the longrun, honestly I cant afford to invest alot though. should I see how it goes with say $25 or $50....and what price should I be looking to score XMR at? Sorry for the noob questions <3

[TPTB_need_war]

I do believe in Monero in the longrun, honestly I cant afford to invest alot though. should I see how it goes with say $25 or $50....and what price should I be looking to score XMR at? Sorry for the noob questions <3

Nobody knows. How about investing because it is the right thing to support and you believe in it ideologically. Instead of investing for profit. What ever profit you get, consider that icing.

[TrueCryptonaire]

I do believe in Monero in the longrun, honestly I cant afford to invest alot though. should I see how it goes with say $25 or $50....and what price should I be looking to score XMR at? Sorry for the noob questions <3

I recommend saving into XMR, and only the amount of money you do not need soon.
Monero is basically a project that will take 10-20 years to realize the real value (and if everything goes as planned the target value of XMR is much more than 25-50 usd). Monero can go beyond 1 000 000 usd per coin, but that is in the long long long run. In short run it is possible to reach 25-50 usd per coin (short run means from a few months to 1-2 years).

[dEBRUYNE]

That 20k dump into the wall was another short. Look at lending offers here and compare to the 1 minute chart:

http://monerodice.pd.to/polo.php | https://bitcoinwisdom.com/markets/poloniex/xmrbtc

[Tokarev]

I do believe in Monero in the longrun, honestly I cant afford to invest alot though. should I see how it goes with say $25 or $50....and what price should I be looking to score XMR at? Sorry for the noob questions <3

Nobody knows. How about investing because it is the right thing to support and you believe in it ideologically. Instead of investing for profit. What ever profit you get, consider that icing.

I'm not trying to make a quick buck off of it, hence my "believing" in it, not that it can make me however much money but that it will eventually be a stable currency

[ArticMine]

That 20k dump into the wall was another short. Look at lending offers here and compare to the 1 minute chart:

http://monerodice.pd.to/polo.php | https://bitcoinwisdom.com/markets/poloniex/xmrbtc

If we have, dare I say, a real long term buyer whale that is for the most part being fed by shorts this can get real interesting.

[nioc]

355 wall just pulled. 270btc was left, as well as an additional ~300 btc from somewhere on the buy side

[iCEBREAKER]

the same as Freebazaar

When Openbazaar is done, the Official Monero GUI will be released along with Freebazaar!

Much timing!  Very synergy!   

Openbazaar is ready but https://github.com/freebazaar seems dead.

Time for a redo using the FFS?