[XMR] Monero Speculation

[DaveyJones]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

Here take a look if you find someone http://moneroblocks.info/richlist

[cAPSLOCK]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

[Bagatell]

Don't any of you use macd?

[rpietila]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

[Blazin8888]

Does anyone have any idea when Kraken or other exchanges will add XMR? - curious as to why they are taking so long.

[N-rG]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

[explorer]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Bids building, resistance fading, so up pops the wall.  Bullish 

[medusa13]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

All those infos you shoud look up yourself in the internet. but im nice today so

short- you bet on falling prices, borrow xmr to sell it, in the hope to buy it back cheaper (since you must return the xmr you borrowed one day)

long - you bet on higher prices, borrow btc to buy xmr (one day you will also need to sell those xmr to return the btc you borrowed)

[ol92]

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

My interpretation :
- shorters (the bears) have invested a lot thinking it will go down (this is obvious when you see the xmr lending market on poloniex) : they will pressure down the price : some people seing price going down will panic sell (especially if some resistance line is broken around 18)
- others (the bulls) may try to squeeze the shorters (push the price with enough btc to force the auto-close of the shorts positions which will automagically push the price higher and force close others shorts and so on

Either way this could be explosive : pop corn advised

[Febo]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

I am sure there are people with 80k XMR. Not only one but some.  And you can freely call them Whales.

[rpietila]

I am sure there are people with 80k XMR. Not only one but some.  And you can freely call them Whales.

My standard model says the number of such people is 10-15.

But because I don't know many of such, and should know, this means it is possible that there is a Leviathan group controlling a large number of coins (1-2 million or more), which skews the distribution and causes the dearth of pocket whales in the 100k range.

[N-rG]

My interpretation :
- shorters (the bears) have invested a lot thinking it will go down (this is obvious when you see the xmr lending market on poloniex) : they will pressure down the price : some people seing price going down will panic sell (especially if some resistance line is broken around 18)
- others (the bulls) may try to squeeze the shorters (push the price with enough btc to force the auto-close of the shorts positions which will automagically push the price higher and force close others shorts and so on

Either way this could be explosive : pop corn advised

So actually a lot of people bet on falling prices but actually atm less people would win if the price is raising right? So the mass goes for falling prices? Okay, than i go for higher prices Thank u mate

[TrueCryptonaire]

My interpretation :
- shorters (the bears) have invested a lot thinking it will go down (this is obvious when you see the xmr lending market on poloniex) : they will pressure down the price : some people seing price going down will panic sell (especially if some resistance line is broken around 18)
- others (the bulls) may try to squeeze the shorters (push the price with enough btc to force the auto-close of the shorts positions which will automagically push the price higher and force close others shorts and so on

Either way this could be explosive : pop corn advised

So actually a lot of people bet on falling prices but actually atm less people would win if the price is raising right? So the mass goes for falling prices? Okay, than i go for higher prices Thank u mate

Yup.
Bear in mind the bears are buyers. Bulls can be buyers also but they are not forced to buy unlike the Monero bear community.
If there are too many bears, mining reward is tanking, it means some bears might die when the Margin calls them.

[Biro Bob]

Please go up... Or down... This range is boring 

[TrueCryptonaire]

Price is in decline with decreasing volumes...

[MalMen]

I prefer 1 % of block rewards being channeled to the developers. Last time I calculated the daily mining rewards it was 7700 XMR so 1 % represents 77 XMR which should be more than enough with the current prices. Even smaller percentage might be enough especially if the price grows in the future.

I agree with the numbers, but that change is evasive and would change the social contract, so not a good idea, I am totaly pro a transaction fee, and I will support it

[Azael]

Please go up... Or down... This range is boring  

Some accumulation is reasonable after the rise of Monero.

[Blazin8888]

This is most def classic accumulation phase....price is showing great strength at these levels. excellent.

Coinbase transactions coming with HARDFORK ON 21ST of this month = added layer of privacy coming to XMR

RING CT is in testnet right now... = coming in march 2017(maybe earlier)(testing has started now) = even more privacy for XMR

= BULLISH

[Mr.Joker]

waiting for the price to crash with this low volume

[magico]

This is the first weekend in 3 or 4 that monero hasn't bubbled up.

This weekend is not over yet)