[XMR] Monero Speculation

[Shiroslullaby]

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!!! 
Here's hoping it keeps climbing.

[owlcatz]

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

Yes. Ask again tomorrow.

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.

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 ^^^^

[kurious]

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!!! 
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.

[nioc]

(gents, what happened to buy and hold )

Raises hand.  

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

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.

[Bemerand]

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

Yes. Ask again tomorrow.

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.

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

[nioc]

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

Yes. Ask again tomorrow.

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.

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

[owlcatz]

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

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

[nioc]

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?

[aminorex]

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

[Dafar]

yikes

[iCEBREAKER]

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.




Avatar format:

[cAPSLOCK]

Looks like we lost posts.  I made a decent one IMHO that is now gone.

[TrueCryptonaire]

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.

[smoothie]

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

[aminorex]

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.

[smoothie]

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

[tifozi]

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  )

[coinism]

looks like here we go again

[hushabuba]

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

[smoothie]

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