[XMR] Monero Speculation

[rpietila]

let's see if 0.009 or 0.006 gets hit first before going higher...

Make your forecast in the new poll!

I will also speculate more there, according to my speculation framework.

[1715369152]

1715369152

[1715369152]

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[1715369152]

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[smoothie]

let's see if 0.009 or 0.006 gets hit first before going higher...

Make your forecast in the new poll!

I will also speculate more there, according to my speculation framework.

I've cast my vote already.

Rpietila, for someone who claims to have no monero you sure are interested in its price.

[dEBRUYNE]

Monero Rising: Why Dark Markets Matter

https://news.bitcoin.com/monero-rising-dark-markets-matter/

[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.

160 BTC is 0.2% of daily volume. Is that supposed to be such a huge wall to cause any movement (or obstacle of movement) in price and to be upset about? Unless it's an independent 3rd party and prevents insiders trading from their left hand to the right and back?

Your commentary doesn't seem to be strongly related to my post.  I'm not even trading anymore.  I've gone into deep-roving HODL mode. (I am trading in a couple of hundred every once in a while to help friends and family, or as a place-marker to remind me to test an idea, but its not intended to increase my XMR, which is as large as I can comfortably hold at this level in the development of the economy.)  

I am, objectively speaking, an uber-bull on XMR:  I think it has marvelous asymmetry of risk, and vast upside potential.  Everyone who deserves wealth should own as much as they can comfortably hold, immediately, at any price.  Please notice that some of the wealthiest and most experienced participants in this thread are also uber-bulls.

I am also an advocate, an activist, ideologically supportive, and I consider it a moral duty to do what I feasibly can to improve the development of XMR.  I recognize the price-discovery value of a short market.  I am not opposed to intelligent market-making, or even long/short speculations.  But slamming the book, that peeves me.  Any form of manipulative behaviour peeves me.  In particular, the trollish variety of shorts tick me off grandly.  But, it's an impotent sort of rage, so I try not to indulge it. I will, however, seize upon shadenfreude and run with it, if I see a badly behaving short player get their fingers burned.  I think the kids say 'rekt'.  I see it as karmic justice, as a brutal punishment the universe meets out on the foolish.  Justice is one of my highest values (truth, beauty, and love being the others).

In other news, a reminder of a golden oldie:

https://bitcoinism.liberty.me/only-the-black-market-matters/

[kurious]

That's a 2 year old post you're referencing, kurious.

Monero Core (0.9.4) has come a long way since then and I find the CLI very stable on OSX to be honest. I'm running it on El Capitan. No bugs. The only time I have problems is when I upgrade boost and need to resync my wallet cache but the average person isn't doing that. You should be able to download the binaries and get started right away.

If you're up to trying it again I'd be happy to answer any questions

https://getmonero.org/downloads/

I have PM'd you, Saddam...  Guidance appreciated if you're around

[aminorex]

Well, if they get cheap enough, I won't be able to resist.  Forgive me, Vilfredo Pareto.

[TrueCryptonaire]

Shall we start buying some cheap coins?

[Dafar]

Rpietila, for someone who claims to have no monero you sure are interested in its price.

What? Rpietila is a XMR whale there's no question about that

Shall we start buying some cheap coins?

Current price was ATH yesterday..... this is cheap coin? LMAO at the FOMO kids ITT

[dEBRUYNE]

MyMonero is back online!

https://twitter.com/MyMonero/status/770329297886347269

https://mymonero.com/#/

[aminorex]

Shall we start buying some cheap coins?

I am inclined to buy below 013, in increasing size all the way down.  012--013 was the last moderately stable intraday level, and represents a 50% retracement of the impulsive weekend move.  But I won't buy much.  Unless it gets crazy, like under .01.  Then I will abandon restraint.

[Dafar]

Shall we start buying some cheap coins?

I am inclined to buy below 013, in increasing size all the way down.  012--013 was the last moderately stable intraday level, and represents a 50% retracement of the impulsive weekend move.  But I won't buy much.  Unless it gets crazy, like under .01.  Then I will abandon restraint.

Top monero bulltard turning bear now?  

[TrueCryptonaire]

Shall we start buying some cheap coins?

I am inclined to buy below 013, in increasing size all the way down.  012--013 was the last moderately stable intraday level, and represents a 50% retracement of the impulsive weekend move.  But I won't buy much.  Unless it gets crazy, like under .01.  Then I will abandon restraint.

I hope 0.011 will hold.
It is not nice to waite 1-2 years for new ATH especially since the current ATH is only around 70 % higher from the previous one back in June 2014. For those who are used to stock markets 70 % gain seems huge but in crypto it is, well, not that good.

Despite there might be FOMO, hype etc around September 1st, I still tend to think it will bring real world demand for Monero and eventually this demand should be the natural force closing the long positions of the speculators.

Personally as previous ATH from 2014 was broken with force, I am willing to give extra time for Monero. Real demand will slowly take ground from the speculative demand. I am inclined to think that the DNM vendors will actually hold as many Moneros as they can since Monero has anonymous account balances.
Also I would like to see the demand Risto described earlier - people who are "normal" and just want an asset that is digital but gold like in monetary terms (low inflation).

If it goes back to 0.004 which is unlikely but certainly possibility as well as the price rise to 10,000 usd/xmr I am thinking of buying a large lot of coins.

[medusa13]

good to see all the old faces still around + some new faces too. Cant really say anything about price, up or down both good for me (still would prefer UP ofc).

shout out to the few monero millionaires in existence, stay loyal, fresh and cool (like you always do).

everybody feel welcome to join us at #monero-markets. we watch markets but also talk about everything else. veterans and noobs are equally welcome!

you can join the monero chats via Telegram, Slack or IRC

[mambamanagement]

let's see if 0.009 or 0.006 gets hit first before going higher...

Make your forecast in the new poll!

I will also speculate more there, according to my speculation framework.

I've cast my vote already.

Rpietila, for someone who claims to have no monero you sure are interested in its price.

i wonder if they're gods xmr

[tifozi]

Buy order book > 6200 BTC at the moment. I think first time it is over the 6K mark. Considering dETH saw 30k in the buy books for several consecutive days, this is just the beginning. Saddle up 

[aminorex]

Buy order book > 6200 BTC at the moment. I think first time it is over the 6K mark. Considering dETH saw 30k in the buy books for several consecutive days, this is just the beginning. Saddle up 

 On Polo Market Depth chart, when I mouse-over the walls, the price info displayed is out of sync with the graphic.  Is that just me?  Reading about .001 higher than actual.

Serious lag problems in Polo interfaces today.  Pretty bad yesterday too.

[Majormax]

.

There are about as many people holding 10k or 5k, as there are people holding 10000 or 5000 BTC. I can also tell the number, after practicing quite a lot of this in my youth: about 100 people have 10k or more, 150-200 people have 5k or more.

Thanks for an interesting guess, but I would have doubted that was correct... BTC is far more widely distributed : it has had much more time and activity, in addition to at least 3 'bubble' phases (whereas I would possibly count this month as XMRs first 'bubble').  Conclusion is that there are fewer holders of 5000 BTC than of 5000 XMR.

Please could you expand on your own reasoning ?

[smfuser]

Aminorex, can you explain how you determine the rational limit of XMR to own?

[Dafar]

Aminorex, can you explain how you determine the rational limit of XMR to own?

Do you think it's going up?

Yes- 10,000 XMR

No- 0

Maybe-  500-1000 XMR

[smoothie]

monero mentioned in the dollar vigilante article:

https://www.dollarvigilante.com/blog/2016/08/29/internet-set-shut-eve-jubilee-october-1st.html