[XMR] Monero Speculation

[OrangeP]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

[TrueCryptonaire]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

[OrangeP]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

[Millionero]

Maybe selling doesn't seem to make sense, but clinging to an appreciating asset for dear life until it takes over your portfolio completely can be a mistake.
You need some dry powder.
If Monero has become 90% of your assets, what do you have left to buy moar when it corrects?  You need balance.

I'm not saying that such sensible rebalancing accounts for all the liquidity on the sell side of the book.  I'm sure there's plenty of useless churn by small traders.

[nioc]

Update.

Number of Monero sold = 0

[obit33]

Update.

Number of Monero sold = 0

+1

[OrangeP]

Update.

Number of Monero sold = 0

What will make you do it?

[obit33]

Update.

Number of Monero sold = 0

What will make you do it?

bein terminally ill and needing expensive operation, or maybe $100/XMR but that one depends... let's see if I'll ever be able to sell..

[Globb0]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

Venture capitalists? buy it for a pound sell it for 2 pounds

[TrueCryptonaire]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr.
On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy.
If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed...

[TrueCryptonaire]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

Venture capitalists? buy it for a pound sell it for 2 pounds

Yes we have some of those Venture capitalists also here convincing the Royal Bagholders to sell to them at low prices.

[OrangeP]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr.
On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy.
If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed...

Having a selling plan is based on the assumption that you may not hit the top. What if the coin does not get any success?
Only liars sell at the top.

[Anon136]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr.
On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy.
If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed...

It's always about gold. In the end. Even if you never buy any, its always about how much you could buy, if you wanted to. Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. Its always about gold.

Maybe this will explain what I mean. I  bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments.

[aminorex]

... let's see if I'll ever be able to sell..

Intergenerational wealth transfer is one of the great use cases of Monero.  Imagine if you great grandparents had thought to have a van Gogh delivered to you on your 30th birthday, how you could have improved matters, given that resource...  I plan to pass at least 1000 XMR to each of my grandchildren, should I ever have any.

[cAPSLOCK]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

Venture capitalists? buy it for a pound sell it for 2 pounds

Yes we have some of those Venture capitalists also here convincing the Royal Bagholders to sell to them at low prices.

I'm just curious... you use the word "bagholder" a lot.  Do you know traditionally, in investing, what it means?

[Anon136]

... let's see if I'll ever be able to sell..

Intergenerational wealth transfer is one of the great use cases of Monero.  Imagine if you great grandparents had thought to have a van Gogh delivered to you on your 30th birthday, how you could have improved matters, given that resource...  I plan to pass at least 1000 XMR to each of my grandchildren, should I ever have any.

These things have a life cycle aminorex. Just as bitcoin will likely fade under the scorching light of monero, so too will monero some day.

[TrueCryptonaire]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr.
On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy.
If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed...

Having a selling plan is based on the assumption that you may not hit the top. What if the coin does not get any success?
Only liars sell at the top.

If XMR fails, I have my cash cows.
There is no need for the money, perhaps I want to buy a couple of Chinese Pandas, some Lunars and perhaps a double Eagle gold coins but those do not cost that much money. It is a similar question: what if you become a millionaire/billionaire? In many cases pretty much nothing. Perhaps you eat better lunch etc. but in the end also the wealthy people need to go to the toilet, eat and so on. There is not that much difference in living a life worth of 100 000 or 1000 000.

[aminorex]

Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. ...  bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments.

Given that gold can be synthesized with energy, and also may be found is superabundance in asteroids, I think that eventually it will lose value.  Probably not in our lifetimes, barring substantial life extension tech. But I would take the other side of that bet.  And yes, unless they wanted ongoing trade with humans, they would have no use for Monero.

[TrueCryptonaire]

Serious setbacks and dumps are not happening.

There is too much buying pressure.

I remember when bitcoin rallied from 10'sh usd to 265.
Did not buy in the rally (unfortunately). However, I have pretty similar gut feeling of Monero - it has not done it yet. Too much buyers and now finally things has started to happen so selling now when things has rocking and rolling only 1 week feels pretty stupid.
I wonder who are these sellers...? How they make their decisions to sell? Probably they are just very desperate for cold cash (tax liabilities to pay?).

A lot of big (and smart) XMR holders are likely to have selling plans.
This means that they'll sell a certain percentage of their coins at a fixed price level.

Doing this eliminates emotional errors and risk.
Lots of these probably are hitting their selling targets now and sell.

I certainly did.

Those who sold sub 0.01 are complaining about selling too early.. So the selling plan will not work always in an optimal way. I bet many who sell now will regret if the price hits 100 usd/xmr.
On the other hand, the people holding only smaller amounts of coins will make the big guys even bigger in terms of size of the Monero pie. Those who sell will become poorer in Monero economy.
If I sold what shall I do with the fiat? Perhaps buy some Realty Income shares? Nah, only 4-5 % pa dividend yield. Buying gold? Probably not in large extent because Monero is better (although it doesn't glitter). Appartments? Probably... But again, I can do it also with the banker with 100 % financed so no money needed...

It's always about gold. In the end. Even if you never buy any, its always about how much you could buy, if you wanted to. Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. Its always about gold.

Maybe this will explain what I mean. I  bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments.

I also like some gold coins...And I even own around 10 oz.
That being said, I do not promote to go all in gold. Gold produces nothing and is good only for very short periods (and usually when you want to sell the dealers cannot give you a good rate or are closed because they do not want to buy high).
Most of the assets should be producing cash flow, not standing idle in the vaults of Switzerland. Appartments are giving me nice 10 % ROI and even higher ROE when using debt wisely.

[aminorex]

Just as bitcoin will likely fade under the scorching light of monero, so too will monero some.

In relative terms perhaps, but I expect BTC to appreciate for decades yet.  It will fail eventually, unless the tail mining support is established.  Monero will not.  What properties would compel us to adopt an alternative?  Only state dictat, I think, and that will not suffice to displace Monero from its current niche, ever.