[XMR] Monero Speculation

[inca]

Now lets see who makes the first big buy, support building at 0.002.

I am sorry I cannot do that but if you want to do it obviously you are free to do so.  
The trend broke too badly. It is time to go down and rest a little bit (some months) and probably go its long term resting state value of 0.001.

Easy to see who sold here..

[rangedriver]

Do not get me wrong, I would love to be proven wrong.

That bullshit you were spouting this time last year about XMR going down to 0.0005?

You were wrong.

(And you're welcome.)

Advice to newcomers: Try not to take advice from a demonstrable idiot.

[Kramerc]

Wow, all my bids filled. Time to go up boys!

[dEBRUYNE]

This could be the bottom for a couple of days.

Unless someone buys in big time and takes us to over 0.0043 with buy of a great grandeur probably within the coming months we are still going down approximately 50 % from the current value. We will see if I am right with this... Do not get me wrong, I would love to be proven wrong. However, I am pleased also to buy more to get lower cost average, the cost average is the bright side of dump.

Now would be a good time to change your sig back to "normal" again. At least it gave readers a disclaimer of your intentions.

[dEBRUYNE]

"Bitcoin and the Rise of the Cypherpunks" - Monero Mentioned:

http://www.coindesk.com/the-rise-of-the-cypherpunks/

Apologies if this was already posted.

[rpietila]

I don't see it going down to 0.001 anymore. The volume in the recent run was far too large to suddenly (or even protractedly) allow going back to such low levels. There is also a massive historical support in 0.0018 and up, so I'd be pretty content to buy here if the portfolio can bear more XMR. The emission is constantly shrinking, so it is faulty to compare current situation to the previous valley in 0.001s.

Also it's good to consider that the runup took weeks and was very careful. The sudden crash to 0.002 just screams a short-term reaction back up, so if selling is the intent, hold your horses, you'll get a better price for sure from the normal oscillation, no matter where the price is heading mid-term.

My feeling is overall quite positive, and the probability that the uptrend will continue despite the carnage of the last days is high in my opinion.

Longer term, the probability of negative scenarios is larger than that of the positive, but this is more than made up with the obscene upside in the positive scenarios, compared to the meager downside even in the most negative ones (-100%).

[dEBRUYNE]

Monero v0.9.4 - Hydrogen Helix - released! (Updated to include missing DLLs)

SUMMARY OF CHANGES

This has important bug fixes to 0.9.3 Hydrogen Helix

• Fix remaining issues with coinbase transactions
• Removed connectivity_tool
• Switched to new Clang move diagnostics
• Added a new --generate-from-json flag to simplewallet to allow wallet creation from a JSON file
• Add a new and improved version of sweep_dust
• Various bug fixes to handle failures such as map resize failures and bad simplewallet exits

https://getmonero.org/2016/04/02/monero-0.9.4-released.html

[CryptoAddict]

big battle going on in 220k. I will guess this is the bottom.

TrueCryptonaire, TheKoziTwo, buy back now or cry l8er

[iCEBREAKER]

Now lets see who makes the first big buy, support building at 0.002.

I am sorry I cannot do that but if you want to do it obviously you are free to do so.  
The trend broke too badly. It is time to go down and rest a little bit (some months) and probably go its long term resting state value of 0.001.

I will try not to raise my avg cost by buying over 0.001.  But it's hard, because the bullish fundamentals are unchanged and "Monero under a dollar what are you waiting for!!!"  

The drop is probably due to the alt sector collapse, not anything specific to XMR.  We just got hit hardest because we were up the most.

With XMR firmly in 3rd place, total alt volume is more than half of BTC's.  That trend indicates future volatility may give back what the present has taken.

Strap in and enjoy the ride!  

[stealth923]

still a way to go yet - buy back in 0.0011

[Febo]

I do believe that "Swiss bank account in your pocket." is worth more then any bottom.

[owm123]

big battle going on in 220k. I will guess this is the bottom.

TrueCryptonaire, TheKoziTwo, buy back now or cry l8er

I think it will bottom at 170k-180k. Its was previously strongest support level, imo.

[dEBRUYNE]

big battle going on in 220k. I will guess this is the bottom.

TrueCryptonaire, TheKoziTwo, buy back now or cry l8er

I think it will bottom at 170k-180k. Its was previously strongest support level, imo.

I agree with this conditional on the current zone breaking. We may not see that zone though, current support zone seems somewhat strong as well.

[Dotto]

If you try to change it, you will ruin it.
Try to hold it, and you will lose it.

 Tao Te Ching, a book by: Lao Tzu.  

[elrippo]

I don't see it going down to 0.001 anymore. The volume in the recent run was far too large to suddenly (or even protractedly) allow going back to such low levels. There is also a massive historical support in 0.0018 and up, so I'd be pretty content to buy here if the portfolio can bear more XMR. The emission is constantly shrinking, so it is faulty to compare current situation to the previous valley in 0.001s.

Also it's good to consider that the runup took weeks and was very careful. The sudden crash to 0.002 just screams a short-term reaction back up, so if selling is the intent, hold your horses, you'll get a better price for sure from the normal oscillation, no matter where the price is heading mid-term.

My feeling is overall quite positive, and the probability that the uptrend will continue despite the carnage of the last days is high in my opinion.

Longer term, the probability of negative scenarios is larger than that of the positive, but this is more than made up with the obscene upside in the positive scenarios, compared to the meager downside even in the most negative ones (-100%).

Well almost all ALTS are on red candels, so i believe this to be the forecast of the BTC pump. I'll have a cup of tea, and watch this until the halving of BTC 

[nioc]

If you try to change it, you will ruin it.
Try to hold it, and you will lose it.

 Tao Te Ching, a book by: Lao Tzu.  

Let me paraphrase:

Appreciate what you have.
Don't give a shit.
 

BTW nice call of bottom from the other day assuming it hodls.  It is also my assumption but IDGAS if it holds.

[Thunderhead]

Well I bought in at 260 , and put it in the loan section , why does the fees keep increasing ?

[boomroom]

I'm new to monero and I was looking at putting some money into it. Question, what caused the recent price spike? Was the inflation decreased?

[Febo]

I'm new to monero and I was looking at putting some money into it. Question, what caused the recent price spike? Was the inflation decreased?

emission decrease daily. it is not same as with BTC where it happened every now and then.  in 2 years emission went from like 25k to 9k mined coins a day. So decreased a lot.

Volume on Poloniex increased a lot last months. That was main reason for raise of all altcoins there. Monero raised more since it was undervalued in beginning of year.

[canth]

And the gift of cheap Monero keeps on giving. I've been buying all the way down. I'd argue that Monero has to be the most undervalued altcoin today, all the more so at these prices.