[XMR] Monero Speculation

[MooneroShill]

XMR articles about DNM adoption on frontpage of:

vocativ.com - 4 million monthly traffic
newsbtc.com - 400k
cryptocoinsnews.com - 1 million

not on frontpage:
sputniknews.com - 30 million

numbers pulled from similarweb.com

[MrGood]

The consolidation continues. I am inclined to see 0.008-0.0085 as a short term resistance now. Unless we get there in 2 days, this is confirmed, and the 0.01 double top is confirmed as well (2014,2016).

If we resume the grinding slide that I am forecasting, it may take months to reach the target 0.0042. And of course there is never a guarantee that it is reached. If great news come, it is likely to throw the grind scenario out of the window.

I enjoy your posts and i do like your math well explained, but Risto, i have to disagree on this point.
The volume is declining steadily, and i personaly do not see all of your prediction becoming true, i think this will be much faster and harder.

Let's wait, drink some tea and watch the birds are doing  

It's a bit of a sloppy move but Risto knows how to cover his back.

Here is wisdom:-

Don't let the past govern your sense of market potential. You all know the reasons why you got into XMR, so don't be surprised when the inevitable starts to materialize. Don't let the inertia of the past 18 months govern your strategy in dealing with the next 3 months. The times have changed, and as volume continues to increase, the days of 200% oscillations are over.

From here, we only go up, with meaningless retraction. That's the nature of XMR fundamental confidence, which is exactly the reason you bought in.

Welcome to the new shit. Embrace it like you knew about it from day one.

Go forth, multiply, and enjoy.

[aminorex]

What will happen for XMR price if ROGER Ver make 25% all his BTC into XMR?

He can make 1000 BTC buy wall on POLO - he is capable i think no?

I recommend against whale worship.  Glad to have him; he's very welcome.  Let's please leave him be.  You pester, you get swatted.

[TrueCryptonaire]

How  are things with Risto's Monero fund he talked 1 year ago in a vague manner?

[nioc]

The consolidation continues. I am inclined to see 0.008-0.0085 as a short term resistance now. Unless we get there in 2 days, this is confirmed, and the 0.01 double top is confirmed as well (2014,2016).

If we resume the grinding slide that I am forecasting, it may take months to reach the target 0.0042. And of course there is never a guarantee that it is reached. If great news come, it is likely to throw the grind scenario out of the window.

I enjoy your posts and i do like your math well explained, but Risto, i have to disagree on this point.
The volume is declining steadily, and i personaly do not see all of your prediction becoming true, i think this will be much faster and harder.

Let's wait, drink some tea and watch the birds are doing  

It's a bit of a sloppy move but Risto knows how to cover his back.

Here is wisdom:-

Don't let the past govern your sense of market potential. You all know the reasons why you got into XMR, so don't be surprised when the inevitable starts to materialize. Don't let the inertia of the past 18 months govern your strategy in dealing with the next 3 months. The times have changed, and as volume continues to increase, the days of 200% oscillations are over.

From here, we only go up, with meaningless retraction. That's the nature of XMR fundamental confidence, which is exactly the reason you bought in.

Welcome to the new shit. Embrace it like you knew about it from day one.

Go forth, multiply, and enjoy.

Yes, welcome to the new shit.

[aminorex]

And goodbye to $4.  Never again, I think.  Thanks for the Monero!

[Anon136]

If the DAO hack gets laundered through XMR, it will establish a major precedent, and XMR will subsequently attract vast funds, as well as intense political pressure.  Expect huge volatility, along with a massive long term upward price pressure in that case.

Personally, I would not choose XMR if I were the DAO hacker, except as a long term investment.  I would move about half of my value into XMR cold storage, mix the rest as btc, and buy stolen gold and shelf-stable drugs on AlphaBay with BTC.

50% -> monero
50% -> monero -> clean bitcoin -> non stolen gold

IMO

[TrueCryptonaire]

I've read many times from several authors that the vendors need to convert their Moneros into bitcoin and to the fiat.
That is not the case - Monero is not a payment token but money that has not only anonymous transactions but also anonymous wallet balances. Therefore Monero is ideal for D.N.M. vendors to hold.
That being said, some Moneros will be converted into cash for the sake of convenience (Monero is not accepted in local supermarkets).

[DonYo]

I hope someday http://www.triumphmotorcycles.co.uk/ and http://www.porsche.com/ accept Monero

[TrueCryptonaire]

And goodbye to $4.  Never again, I think.  Thanks for the Monero!

Draw the straight line of f(x)= 0.0043 and I will buy under. X is any moment of time.

[Hueristic]

Has anyone considered that the ''hacker'' who took all that ETC may consider moving it through or storing it in XMR especially with the recent hype?

I think his coins become available on the 2nd Sept if I remember correctly, would be a great way to make it look like a ton of DNM money is flowing through XMR following the 1st Sept start of deposits on Alphabay causing another surge in price.

And how will he manage that? ETC is a transparent chain.

[aminorex]

I hope someday http://www.triumphmotorcycles.co.uk/ and http://www.porsche.com/ accept Monero

I am quite certain that you can buy a T120 with XMR today, if you wish.  I can hook you up with a dealer if you like, albeit the location may be inconvenient to you.  Just send a PM.

[Billy Bunter]

And goodbye to $4.  Never again, I think.  Thanks for the Monero!

Ever?

[aminorex]

And goodbye to $4.  Never again, I think.  Thanks for the Monero!

Ever?

I like my predictions to be precise - sufficiently precise so that they are almost certainly wrong.
I like my strategies to be accommodative - sufficiently accommodative so that they are almost certainly profitable.
I like a very precisely placed center with a HUGE bull's eye around it.

Yeah, my best guess is that XMRBTC will never trade below $4 after 25 Aug 2016.  The closest it comes after 29 Aug will probably be the "sell the news" run on the 1 Sep event, whenever that happens.  But hey, it's really just a guess.  If it were a prediction it would be precise.  With credible intervals.

[kaeste]

And goodbye to $4.  Never again, I think.  Thanks for the Monero!

Ever?

I like my predictions to be precise - sufficiently precise so that they are almost certainly wrong.
I like my strategies to be accommodative - sufficiently accommodative so that they are almost certainly profitable.
I like a very precisely placed center with a HUGE bull's eye around it.

Yeah, my best guess is that XMRBTC will never trade below $4 after 25 Aug 2016.  The closest it comes after 29 Aug will probably be the "sell the news" run on the 1 Sep event, whenever that happens.  But hey, it's really just a guess.  If it were a prediction it would be precise.  With credible intervals.

Not like we're actually searching for the bottom, so it's most likely that it gonna hit 0.0055 than 0.0080 anytime soon

[aminorex]

Well, a pattern of higher lows begins on the 5 minute chart.  Then it becomes apparent on the 15 minute chart.  Later, the 30 minute chart.  Time will tell us.  But only after it is too late to act.  

Right now, I am all-in.  If I get a better price, I may do a coinbase instant buy and fill wallets for friends and family, after about a 15 minute lag.  But I won't buy any more for myself in any case.  I own enough.  I am holding some for third parties, which I may be obligated to sell at some point between $10 and $25, but otherwise I'm hodling like Holdor for the foreseeable future, and it just isn't going to matter to me what the price is.  So expect to see much less of me in this thread.

Dude at work just asked me to buy him some.  He'll pay me on Monday but wants the current price.  I'm so nice that way.  He doesn't care if it goes to zero, but he will probably sell half when it doubles.  Just guessing here.  If that is a typical pattern, I expect there will be some resistance around 014

[mastertrader777]

[primer-]

Network diff. increased by 30% in the last 4 hours. ATH at the moment..
Difficulty: 3230440834

[rpietila]

And how will he manage that? ETC is a transparent chain.

In ETC universe, he owns the coins free and clear.

[rpietila]

The consolidation continues. I am inclined to see 0.008-0.0085 as a short term resistance now. Unless we get there in 2 days, this is confirmed, and the 0.01 double top is confirmed as well (2014,2016).

If we resume the grinding slide that I am forecasting, it may take months to reach the target 0.0042. And of course there is never a guarantee that it is reached. If great news come, it is likely to throw the grind scenario out of the window.

I enjoy your posts and i do like your math well explained, but Risto, i have to disagree on this point.
The volume is declining steadily, and i personaly do not see all of your prediction becoming true, i think this will be much faster and harder.

Oh, so you believe the target is correct, but it won't take months to reach it? 

Well that is why I said "may". What I especially mean is that do not believe the first panic flashcrash to 0.005 is the bottom. Take wisdom from Bitcoin early-2014. It went up fast (to $1100), but the following bottom ($220) was quite a bit lower than the April-13 high ($266).

So even if the low is 0.0035 it fits this scenario perfectly.

The speculator must take into account all price scenarios, and ensure that none of them is ruinous.