[XMR] Monero Speculation

[explorer]

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.

Lets see how we fare without the wall!

[GingerAle]

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

of course the alternative is to mine it. Then you are supporting the network without a large investment.

[explorer]

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

of course the alternative is to mine it. Then you are supporting the network without a large investment.

For that you will need a monerodo that some guy is selling 

[GingerAle]

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

of course the alternative is to mine it. Then you are supporting the network without a large investment.

For that you will need a monerodo that some guy is selling 

Not true! You can mine on anything. Eventually, toasters.

Where'd the wall go? I speculate the wall was there to mess with us.

[Dotto]

Theres an 20k short open, timematched at the minute in bitcoinswisdom at

2016-04-08 10:28:01   157226.68697200   0.00000000   0.5864% / 0%
2016-04-08 10:27:01   157226.68697200   0.00000000   0.5855% / 0%
2016-04-08 10:26:01   176924.13234900   0.00000000   0.5141% / 0%
2016-04-08 10:25:01   177226.68697200   0.00000000   0.5219% / 0%

Shorters shorting the shorters. The thing is coiling up.

[vuduchyld]

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

of course the alternative is to mine it. Then you are supporting the network without a large investment.

For that you will need a monerodo that some guy is selling 

Not true! You can mine on anything. Eventually, toasters.

Where'd the wall go? I speculate the wall was there to mess with us.

I mine on my Nest thermostat and my Roomba.

[Thunderhead]

So at cryptopia xmr is going for 0.00369 , good price to jump in ?

[TrueCryptonaire]

So at cryptopia xmr is going for 0.00369 , good price to jump in ?

Bargain.

[CTTE]

So at cryptopia xmr is going for 0.00369 , good price to jump in ?

Generally higher volume exchanges will have narrower spreads and you should be able to get it cheaper at someplace like Poloniex.com.

[kjadB]

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.

Good point. A few years ago a friend of mine stopped buying standard xmas and birthday cards for people, and instead used the money to do things like buy a cow for a village somewhere, or sponsor a Tiger or a child. People get a group email from her stating what she's done, and everyone feels a hell of a lot better for the change. XMR investing (and crypto generally) can be the same, it feels better than what we've traditionally done with our money, like buying a village a cow is better than sending 200 Christmas cards.

[Hueristic]

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

The only one(s) that can answer that with certainly is the whale(s) and they aren't talking. And even if they did could you trust them? This market is 100% manipulated ATM and the funny thing is it is by such a(?) large entity(s) that they either don't care or want everyone to know that fact. I fucking hate english, hope I wrote this right. Lol

If I were you I would put a buy in at 5% below the last week average and just wait until it gets filled and if the order doesn't get filled in a week I'd consider that the floor and buy at market price.

But really, No-one can answer your question that you can trust.

[TrueCryptonaire]

The big rise probably starts when Monero make ATH as a strong base point and the players are 100 % convinced XMR is at bull trend with all the measures.

[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

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

The only ones that can answer that with certainly is the whales and they aren't talking. And even if they did could you trust them? This market is 100% manipulated ATM and the funny thing is it is by such a(?) large entity that they either don't care or want everyone to know that fact.

If I were you I would put a buy in at 5% below the last week average and just wait until it gets filled and if the order doesn't get filled in a week I'd consider that the floor and buy at market price.

But really, No-one can answer your question that you can trust.

Seriously my man!
It is like: "I prefer buying XMR at 1.45 USD each instead of 1.53 usd.

[Hueristic]

Seriously my man!
It is like: "I prefer buying XMR at 1.45 USD each instead of 1.53 usd.

Right now I would not take the chance the whale(s) decide they have gotten all they can and allow it to triple up so right now it truly is gambling. Although yes if your only investing a few bucks 5% makes no difference, but that is general advice for buying right now as I see it. And you never really know if 25 or 50 really means 25000 or 50000.

I hope after all this shakes out those that have been doing this post exactly why it is panning out as we have been seeing. The dynamic has been quite boggling at times. I just hope all the shorters lose their shirts and those lending for dust get burnt by shorters (alt accounts used for just that I would think) that can't make the call. Lets not forget you can have all the anon accounts you want if you are never going to withdraw them so you can setup some real damage with an account you never expect to withdraw from that is just manipulating for your main account. And all the dumb ass lenders get burned when the house of straw catches fire. I would consider lending in this market more gambling then playing the market.

[Kramerc]

So at cryptopia xmr is going for 0.00369 , good price to jump in ?

If there is one thing I've learned in the past few years with regards to speculation is to not let other people tell me whether the price is good or not to buy/sell. Make your own decision about this and do not let others influence you.

The other thing would be to dollar cost average, meaning: if you're unsure, just buy a little portion now. If the price goes up, great, you'll already be in profit; if the price goes down, great, you'll be able to afford more XMR for the same amount. Win-win in the long term.

[bitjedi]

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.

This wall is real... it was just relocated lower.

0.00330000   68471.74232272   225.95674966   321.60633402

If ppl are selling aggressively at any price, why  not accumulate lower.  That's what I would do.

[bitebits]

another 15.000 XMR dumped into lol still holding


EDIT: 90BTC dumped into the wall another millionaire joining XMR?

The other purpose (besides fun) is to force up bids, in order to offload the asset.  Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand.  Worst case, you end up with full bags at the wall price.  Win - Win 

It will also has the potential to shake out some dumpers, and instigate a few shorts , making the ensuing (assuming) rise more powerful.  Waiting.  Watching.

Exactly what happened, look at the data here:

http://monerodice.pd.to/polo.php

Relevant around 00:00 UTC. Compare to the 1 minute chart here:

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

Do I understand it correctly that a large bid wall is attractive for opening shorts because there is no slippage doing so? The shorter is longer term bearish, but does not want the price to go down by his/her short?

[r0ach]

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.

Good point. A few years ago a friend of mine stopped buying standard xmas and birthday cards for people, and instead used the money to do things like buy a cow for a village somewhere, or sponsor a Tiger or a child. People get a group email from her stating what she's done, and everyone feels a hell of a lot better for the change. XMR investing (and crypto generally) can be the same, it feels better than what we've traditionally done with our money, like buying a village a cow is better than sending 200 Christmas cards.

I gave a bunch of Dogecoin to some random Dog pound in Spain.  Whether it was actually a crack cocaine den or not, I have no idea.

[dEBRUYNE]

another 15.000 XMR dumped into lol still holding


EDIT: 90BTC dumped into the wall another millionaire joining XMR?

The other purpose (besides fun) is to force up bids, in order to offload the asset.  Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand.  Worst case, you end up with full bags at the wall price.  Win - Win 

It will also has the potential to shake out some dumpers, and instigate a few shorts , making the ensuing (assuming) rise more powerful.  Waiting.  Watching.

Exactly what happened, look at the data here:

http://monerodice.pd.to/polo.php

Relevant around 00:00 UTC. Compare to the 1 minute chart here:

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

Do I understand it correctly that a large bid wall is attractive for opening shorts because there is no slippage doing so? The shorter is longer term bearish, but does not want the price to go down by his/her short?

Kind of. If the bidwall is about the size you are comfortable with shorting, it is pretty attractive since you can dump without slippage. Thus, you will have an higher base price as opposed to market dumping without a bid wall. However, if the bid wall is too large and real it could work against you. That is, if you dump 20k in a 100k wall and it doesn't pull, it will basically establish a floor. In contrast, if you presume the wall will pull after your dump it is basically the same as the first strategy I mentioned, but less certain.

Usually the shorters will dump, in combination with a few ask walls, another (smaller) batch to gain some downwards traction.

[Monerobuyer0]

Good point. A few years ago a friend of mine stopped buying standard xmas and birthday cards for people, and instead used the money to do things like buy a cow for a village somewhere, or sponsor a Tiger or a child. People get a group email from her stating what she's done, and everyone feels a hell of a lot better for the change. XMR investing (and crypto generally) can be the same, it feels better than what we've traditionally done with our money, like buying a village a cow is better than sending 200 Christmas cards.