[XMR] Monero Speculation

[nanobrain]

 Wondering how elrippo is going with his laddered buys at .004 - .005? 

[Dafar]

So when are you guys selling this shit? .03?


I ended up buying at 0.0092 ...

I'm sure it'll get to .03 but I wish I discovered this sooner... I need a fucking 10-bagger

[ROT13]

Solid weekend entertainment.  

Cheers to everyone else watching their $ explode live on screen.

[iCEBREAKER]

Dash is on life support.  Expect their market cap to continue leaking into Monero

[nanobrain]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

[Johnny Mnemonic]

0.014 holy moley

It's at $8 USD

[nanobrain]

polo running out of screen

[kurious]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

Aminorex was spot of about this weekend 'coin of the hour'.   I guess it will settle at some point - maybe the end of the weekend will cool it off?

OTOH a lot of serious money will only see this on Monday....  The market cap pushing towards the 100 million level is huge news.

Everything just changed - and I haven't had this much fun in crypto since 2103

[xxxgoodgirls]

Gratz on passing DASH market cap!

[Dafar]

Gratz on passing DASH market cap!

It was bound to happen, easiest money i ever made... should have bet the entire house on it

[xxxgoodgirls]

Gratz on passing DASH market cap!

It was bound to happen, easiest money i ever made... should have bet the entire house on it

Me too, now I do not know if I should sell and take profits or sit on them and watch XMR making another 10x in the next years.

[nanobrain]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

Aminorex was spot of about this weekend 'coin of the hour'.   I guess it will settle at some point - maybe the end of the weekend will cool it off?

OTOH a lot of serious money will only see this on Monday....  The market cap pushing towards the 100 million level is huge news.

Everything just changed - and I haven't had this much fun in crypto since 2103

Me neither --- just hope there isn't the equivalent of 2014 round the corner

[kurious]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

Aminorex was spot of about this weekend 'coin of the hour'.   I guess it will settle at some point - maybe the end of the weekend will cool it off?

OTOH a lot of serious money will only see this on Monday....  The market cap pushing towards the 100 million level is huge news.

Everything just changed - and I haven't had this much fun in crypto since 2103

Me neither --- just hope there isn't the equivalent of 2014 round the corner

Agreed - but we're a little wiser now.  And Polo isn't (touch wood) Gox.

More exchanges will list XMR now - they will not like Polo taking all the action on this kind of volume.  They are losing out if they don't.

[TrueCryptonaire]

I just woke up (I slept late). What happened?  
So we are going now towards parity with btc and beyond?  

Aside with Etherium, Monero has joined in the club of good and valuable coins by breaking the initial ATH price from the times of early days.

[Anon136]

Gratz on passing DASH market cap!

It was bound to happen, easiest money i ever made... should have bet the entire house on it

Me too, now I do not know if I should sell and take profits or sit on them and watch XMR making another 10x in the next years.

Who can know. I just try not to be too smart for my own good. I know what I know. I know how to read a white paper. I know how to be patient. So I do those two things. I do not try to call the top or sell the highs and buy the dips to increase my holdings. I just know that's the sort of thing that will get me in trouble. Well that's my philosophy anyway.

[Anon136]

I just woke up (I slept late). What happened?  
So we are going now towards parity with btc and beyond?  

Aside with Etherium, Monero has joined in the club of good and valuable coins by breaking the initial ATH price from the times of early days.

I watched this all happen in real time so I didn't get to experience this. Please indulge me. What did it feel like to wake up and see that?

[TrueCryptonaire]

Gratz on passing DASH market cap!

It was bound to happen, easiest money i ever made... should have bet the entire house on it

Me too, now I do not know if I should sell and take profits or sit on them and watch XMR making another 10x in the next years.
[/quote

I am not the right person to give advice but I am not personally selling any coins.
I just was thinking if there is a way to donate a portion to the charity I am doing without tax consequences whenever that is current...

[explorer]

I was just looking at the weekly chart with a volume in XMR of over 16.1 million  XMR during this week, vs a total supply of approximately 12.8 million XMR. There most be a very significant amount of short margin been used to meet demand here.  

Doesn't look to be a tremendous amount of shorts.  I've been watching lending closely all week, and available coins are at their highest level, asking moderate prices. Come on down 

[TrueCryptonaire]

I just woke up (I slept late). What happened?  
So we are going now towards parity with btc and beyond?  

Aside with Etherium, Monero has joined in the club of good and valuable coins by breaking the initial ATH price from the times of early days.

I watched this all happen in real time so I didn't get to experience this. Please indulge me. What did it feel like to wake up and see that?

Almost a heart attack.
I was thinking it probably goes down a little bit so that I can nibble a few more coins but it went to ATH.

I hope the 2014 ATH will form so strong that it is unreachable.

[aminorex]

During these episodes of manic euphoria I distrust my own judgement.  My gut instincts fail, and I have to rely on system 2.

What is the upside limit?  The available btc seems to constitute a limit.  How can we estimate the proportion of the btc which might flow into XMR?  Consider that maybe 10% of bitcoin core own some XMR.  Maybe twice that number of btc holders want XMR, and maybe they will risk 20% of their btc...  By slight of hand I conclude that XMR might be able to command 4% of btc market cap in the long run, just on the basis of current bitcoin holders, without a huge change of circumstances, given the right amount of time.

Suppose non-bitcoin holders want XMR.  Unless they are in the u.k. almost surely they will sign up for some btc/fiat exchange, take days or weeks to verify, buy some btc, fumble around, and eventually get on poloniex.  (Watch poloniex wallet addresses!). I expect a lot of lightly crypto-exposed people who sat out btc to buy in over the next few weeks.  But btc has had years of recruitment, and the absolute numbers are small, relative to the current holders.  Probably new crypto users are less significant to reserve use, and more significant to DNM traffic stats, and will make themselves felt on the traffic and speculation driven by that traffic, rather than on the volume of btc they spend on XMR.

Overall these vague and fuzzy reasonings are consistent with other vague and fuzzy reasonings which I expressed elsewhere, that I expect XMR to trend around $25 in 2017...in that case conditionalized on 10% of DNM traffic being denominated in XMR.

Usually when SWAGs derived by different methods coincide, I give their common estimate a lot more weight.  Not twice as much...more like the second power on some unbounded likelihood scale.  Funny, I haven't thought about the probabilistic logic of that before.   I should do.