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Author Topic: [XMR] Monero Speculation  (Read 3312578 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
Shiroslullaby
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September 07, 2016, 09:03:10 PM
 #21681

Well I had $50 of BTC sitting in a random address so I transferred it and bought some Monero.
I've already made a cool $1!!!  Grin
Here's hoping it keeps climbing.

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September 07, 2016, 09:06:44 PM
 #21682

Monero is down almost 12% on Poloniex from yesterday..... any thoughts?

Yes. Ask again tomorrow. Tongue

Edit - In all seriousness, I think it's normal. This is not a "Get rich over night or in a week coin" (Well unless you had some serious accumulation going on the past few years. Cheesy

Honestly I feel like Darknet markets will be the first adopters of any good cryptocurrency.
I didn't realize some had started accepting Monero.
I've been looking into it, hopefully I'm not too late to get some and make a little profit...


Looks like it might be a little bit of a buying opportunity right this very moment. Could go down from here sure. But you wouldnt be buying at any where near ATH. Something to be said for that.

Yes, this ^^^^

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kurious
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September 07, 2016, 09:07:31 PM
 #21683

Well I had $50 of BTC sitting in a random address so I transferred it and bought some Monero.
I've already made a cool $1!!!  Grin
Here's hoping it keeps climbing.

It's not so long ago that $50 would have bought you 200 Monero - but now you are buying at a low - as is the smart money here.  Well done.

我想要火箭和火车
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September 07, 2016, 09:10:27 PM
 #21684

(gents, what happened to buy and hold Wink )

Raises hand.  

Unfortunately I'm dealing with bigger problems than a ~15% drop from 220 Sad

What's up? You were in at .0015 and .0009 IIRC.

Not something directly related to the price.  Sorry nothing else to say at the moment as it's up in the air.

Did you mean to include all those zeros?  I've been in at many prices and out at none.

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September 07, 2016, 09:13:17 PM
 #21685

Monero is down almost 12% on Poloniex from yesterday..... any thoughts?

Yes. Ask again tomorrow. Tongue

Edit - In all seriousness, I think it's normal. This is not a "Get rich over night or in a week coin" (Well unless you had some serious accumulation going on the past few years. Cheesy

Honestly I feel like Darknet markets will be the first adopters of any good cryptocurrency.
I didn't realize some had started accepting Monero.
I've been looking into it, hopefully I'm not too late to get some and make a little profit...


Looks like it might be a little bit of a buying opportunity right this very moment. Could go down from here sure. But you wouldnt be buying at any where near ATH. Something to be said for that.

Yes, this ^^^^

well i asked because Im considering buying at this very moment lol

88.36255237114% of all ICO's are SCAMS
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September 07, 2016, 09:17:31 PM
 #21686

Monero is down almost 12% on Poloniex from yesterday..... any thoughts?

Yes. Ask again tomorrow. Tongue

Edit - In all seriousness, I think it's normal. This is not a "Get rich over night or in a week coin" (Well unless you had some serious accumulation going on the past few years. Cheesy

Honestly I feel like Darknet markets will be the first adopters of any good cryptocurrency.
I didn't realize some had started accepting Monero.
I've been looking into it, hopefully I'm not too late to get some and make a little profit...


Looks like it might be a little bit of a buying opportunity right this very moment. Could go down from here sure. But you wouldnt be buying at any where near ATH. Something to be said for that.

Yes, this ^^^^

so if you accumulated for a few years you could get rich overnight Huh Tongue Roll Eyes
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September 07, 2016, 09:30:58 PM
 #21687

Sorry, change "overnight" to "in a few weeks"? Tongue

Edit - I think you get my point, either way, sorry for the exaggeration!

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nioc
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September 07, 2016, 10:09:34 PM
 #21688

Yeah I was just kidding. 

After being here for 2 years it's nice to see the dawn.  I haven't sold because the day has just begun.  That should answer the question.  But am I correct?
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September 07, 2016, 10:18:56 PM
 #21689

Now that they are harder to get, I find that I want them more.  Funny how that works.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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September 07, 2016, 10:23:32 PM
 #21690







yikes




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September 07, 2016, 10:48:26 PM
 #21691

Most of the thread is buy and hold is my guess. It's just the traders who have to condition peoples minds by repeatedly posting financial advice. I think many have learnt not to fall for it, but XMR has a 2 year history of bears winning all of the battles. This one seems no different.

The bears won many battles, but still lost the war against the bulls.

They have short term tactical advantages, we have long term strategic superiority.

Bears tamp down irrational exuberance with TA, while bulls just keep building on fundamentals.

Classic tortoise vs hare scenario.  Ultimately, victory goes to the side with lower time preferences.

Meanwhile in the trenches, I've fatally gored more than one bear and have a nice collection of cozy rugs to put in front of the fireplace on my space yacht.


Now that they are harder to get, I find that I want them more.  Funny how that works.

Monero may be equally or perhaps more so a (Gresham-powered) Giffin good than Bitcoin. Never thought anything could do that, until the fungibility issue came to the fore.

For the benefit of latecomers, here are some shiny info-graphics they may have missed.




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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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cAPSLOCK
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September 08, 2016, 02:54:07 AM
 #21692

Looks like we lost posts.  I made a decent one IMHO that is now gone.
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September 08, 2016, 03:28:56 AM
Last edit: September 08, 2016, 03:53:33 AM by TrueCryptonaire
 #21693

Now that they are harder to get, I find that I want them more.  Funny how that works.

It is probably because it felt like crab when it was cheap.
With marketcap less than 10 million dollars it felt like shitcoin despite it was more like a buying opportunity.
On the other hand, Monero used to be a coin that bagholders pumped a little and then dumped it to the others. Now Monero has actual purpose (other than buying titles from Risto) and it is becoming money with these steps.
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September 08, 2016, 03:57:12 AM
 #21694

Market looking to break trend line to the upside? Or more sideways...?


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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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September 08, 2016, 04:02:52 AM
 #21695

Market looking to break trend line to the upside? Or more sideways...?
Just a warm-up for the weekend, when punters in singapore, shenzhen and macao get paid, read the international business times, and place their bets.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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September 08, 2016, 04:04:47 AM
 #21696

Market looking to break trend line to the upside? Or more sideways...?
Just a warm-up for the weekend, when punters in singapore, shenzhen and macao get paid, read the international business times, and place their bets.

Probably yeah.

2 min after I posted that image price shot up to 0.0207

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                   ²²²                 
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
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September 08, 2016, 04:07:35 AM
 #21697

That would be temporary because the bears have not had their fills, it didn't go down enough for them. Got to read more free advice for the next 48 hours (they are crucial  Tongue)
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September 08, 2016, 04:11:39 AM
 #21698

looks like here we go again Cool
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September 08, 2016, 04:18:34 AM
 #21699

Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
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September 08, 2016, 04:19:28 AM
 #21700

Is monero getting hardcore pumped n dumped or whta. My question is why does the price fluctuate so much within a short amount of time?

two words: Free market

two more words: Growing Economy

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
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