[XMR] Monero Speculation

[Furi Bliz]

I woke up and it's still at a 0.015 level  Was sure a dump would follow.  Now i'm wondering if i should start buying back moneros even the levels are this high.

Is this just a market frenzy or is there something behind that really back this level to be the "new normal"?

Rpietila/Wise Ones do you still concider 0.01 level to be a realistic dump level? Or is the dump that low anymore possible. Monero has broken pretty much every scenario that i know or am i just looking at this thing on a too short time-frame.

[1714626358]

1714626358

[Anon136]

I woke up and it's still at a 0.015 level  Was sure a dump would follow.  Now i'm wondering if i should start buying back moneros even the levels are this high.

Is this just a market frenzy or is there something behind that really back this level to be the "new normal"?

Rpietila/Wise Ones do you still concider 0.01 level to be a realistic dump level? Or is the dump that low anymore possible. Monero has broken pretty much every scenario that i know or am i just looking at this thing on a too short time-frame.

The dump already happened. ~0.013 was the low. Will it dump again who can know. But if you were looking for a dump it came and went.

[nanobrain]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

[Anon136]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

Check out the registration date on my profile. I watched it all. Sitting patiently.

[iCEBREAKER]

They dumped all the way down to 0.013. Who would do that? And why? They could have sold for a much better price if they didnt do a massive market order dump.

Malice and/or incompetence.

Malice, in that Dash/Shadowcash trolling is successfully goading Monero haters into acting irrationally.  (If your enemy is quick to anger, provoke him.)

Incompetence, in that somebody's shorts were/are way underwater and they needed a spectacular drop to get out alive.

Funny thing is people still want to short this epic rally.  My loans are almost always taken seconds after being offered at competitive rates.

5k BTC buy gets us to 0.03 XMR.  See ya'll on the mooon!  

[nanobrain]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

Check out the registration date on my profile. I watched it all. Sitting patiently.

WoW!!  I imagine you have some wallets that bring tears to the eye.

And bravo on still being here and still helping people.

[aminorex]

Anon136 is a stalwart friend to all manner of meritorious crypto innovation.  I suspect he is trying to save the world as well, in a sense, but would expect him to deny it.

[Anon136]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

Check out the registration date on my profile. I watched it all. Sitting patiently.

WoW!!  I imagine you have some wallets that bring tears to the eye.

And bravo on still being here and still helping people.

Na. I was an idiot. I watched and learned. Not making those mistakes again.

[Anon136]

Anon136 is a stalwart friend to all manner of meritorious crypto innovation.  I suspect he is trying to save the world as well, in a sense, but would expect him to deny it.

[aminorex]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.  It's just crazy stupid to try to front-run "sell the news" 3 days too soon.  The punters haven't had a chance to buy the rumor yet.

[Mr. Shortypants]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.

What what? Good sir, I will have you know, I am well covered.

[aminorex]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.

What what? Good sir, I will have you know, I am well covered.

[Quoted for preciousness, although the "Brand new" label won't last.]

That being the case, well done. You might like to double-up now, to fulfill your destiny, Mr. Shortypants.  It's rinse, repeat until sept 1, by priors.

[nanobrain]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.  It's just crazy stupid to try to front-run "sell the news" 3 days too soon.  The punters haven't had a chance to buy the rumor yet.

Of course, that wall could be a genuine attempt to depress the price while quietly accumulating in the 150s.

[aminorex]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.  It's just crazy stupid to try to front-run "sell the news" 3 days too soon.  The punters haven't had a chance to buy the rumor yet.

Of course, that wall could be a genuine attempt to depress the price while quietly accumulating in the 150s.

Which is precisely what a short seller would be doing.  If that really was his break-even line or better, it worked.

[nanobrain]

Mr. shortypants is gointa be in a world of hurt.  I mean, that 160 btc sell wall at 016 absolutely reeked of desperation.  It's just crazy stupid to try to front-run "sell the news" 3 days too soon.  The punters haven't had a chance to buy the rumor yet.

Of course, that wall could be a genuine attempt to depress the price while quietly accumulating in the 150s.

Which is precisely what a short seller would be doing.  If that really was his break-even line or better, it worked.

 I would have thought accumulating in the 150s meant MrSP would actually be hoping the price would rise at some point ie long

To be honest, I don't really do (or get) leveraged trade -- I'm rather old fashioned with regard to debt, borrowing and such -- so my trading approach is probably a bit simplistic in your eyes.

[birr]

Bid sum climbing again.  Hard to believe, but it's like water seeping into a hole.

I think it's because it takes people a while to figure out where and how to buy monero.  The demand is there, but makes its way only gradually onto the order book.
Unlike many altcoins, Monero isn't a brittle, zero-sum game played in a closed system.
The world is waking up to Monero.
That's why this rally has legs.

[Duomo]

Sold all my XMR @ .0121 avg, 572btc worth. Will buy it all back at .005

Good luck, not gonna happen. Doubt we will see 0121 again even

We'll see. When people say things like it'll never go below X that's exactly when it tends to happen.

Going down to .005 seems too drastic at this point but I wouldn't rule out a retracement to 0.008-0.009

I am 99% sure you never get it back at .005 ever. I am going to call it early and say you made one of the worst decisions of your life selling quite early. Nor do I ever see Monero (XMR) going back to previous levels. I see a general gradual upward trend that is only continuing.

Don't worry he will be back to tell us that he sold all his monero the next time he thinks were at a top.  He completely full of shit.

If you research my posts and you were informed, I predicted Ethereum would go from $1 to $10-$20. Here I am sitting on millions of dollars of various currency of monies while you are talking about something you have no idea about and putting words in my mouth. Get your shit straight. I'll listen to my own intuition and logic while I ignored your completely stupid one.

[nanobrain]

Sold all my XMR @ .0121 avg, 572btc worth. Will buy it all back at .005

Good luck, not gonna happen. Doubt we will see 0121 again even

We'll see. When people say things like it'll never go below X that's exactly when it tends to happen.

Going down to .005 seems too drastic at this point but I wouldn't rule out a retracement to 0.008-0.009

I am 99% sure you never get it back at .005 ever. I am going to call it early and say you made one of the worst decisions of your life selling quite early. Nor do I ever see Monero (XMR) going back to previous levels. I see a general gradual upward trend that is only continuing.

Don't worry he will be back to tell us that he sold all his monero the next time he thinks were at a top.  He completely full of shit.

If you research my posts and you were informed, I predicted Ethereum would go from $1 to $10-$20. Here I am sitting on millions of dollars of various currency of monies while you are talking about something you have no idea about and putting words in my mouth. Get your shit straight. I'll listen to my own intuition and logic while I ignored your completely stupid one.

@Duomo,  I'm not sure but it seems like you are picking a fight with capslock, who was actually supporting what you said.

[nanobrain]

SAR on the 15min has just flipped.

Glass of wine time.

[Duomo]

Sold all my XMR @ .0121 avg, 572btc worth. Will buy it all back at .005

Good luck, not gonna happen. Doubt we will see 0121 again even

We'll see. When people say things like it'll never go below X that's exactly when it tends to happen.

Going down to .005 seems too drastic at this point but I wouldn't rule out a retracement to 0.008-0.009

I am 99% sure you never get it back at .005 ever. I am going to call it early and say you made one of the worst decisions of your life selling quite early. Nor do I ever see Monero (XMR) going back to previous levels. I see a general gradual upward trend that is only continuing.

Don't worry he will be back to tell us that he sold all his monero the next time he thinks were at a top.  He completely full of shit.

If you research my posts and you were informed, I predicted Ethereum would go from $1 to $10-$20. Here I am sitting on millions of dollars of various currency of monies while you are talking about something you have no idea about and putting words in my mouth. Get your shit straight. I'll listen to my own intuition and logic while I ignored your completely stupid one.

@Duomo,  I'm not sure but it seems like you are picking a fight with capslock, who was actually supporting what you said.

Lol, if capslock was actually supporting what I said, this individual is terrible at sarcasm. Telling someone is full of shit is terrible way to tell someone you support what they are saying. XD