[XMR] Monero Speculation

[TrueCryptonaire]

The price had a nice rebound from the low. Is $100 by Thanksgiving to early?

I think it is a bit early. However Passover might be possible to reach 100 usd/XMR.

[1715241286]

1715241286

[1715241286]

1715241286

[1715241286]

1715241286

[1715241286]

1715241286

[iCEBREAKER]

Since today:

1. My Dog
2. Monero / former BTC
3. Girlfriend
4. BTC

Welcome to the Negative Monero Cost Basis Club, where everything we play with is >100% house money.   

Craft cocktails and vintage wine are of course complementary, but please tip the staff and groundskeepers generously:

https://getmonero.org/getting-started/donate/

If you're not in https://getmonero.org/getting-started/donate/hall-of-fame, you're just noveau riche and won't be invited to the Royal Order of Wild & Free Mustangs.   

[TrueCryptonaire]

its organically growing again

yeah a sudden 1000btc buy is organic lol

with 24k BTC daily volume 1000 BTC is on average traded every hour. we need to get used of huge volumes in Monero. I posted chart somewhere of last 30 days Monero volume. that reached over 500 millions USD. let me find it. I made it since i think it will be a 30 days record for soem time. 1/4 of BTC volume of last month. Not to mention that is actually more since some that wanted to buy Moneros with fiat had to buy BTC first.

Bear in mind the coinmarket cap trading volumes are biased and created in such way that bitcoin will always have the highest volume.
If you break down to the components of Btc trading volume you see it consists not only btc-fiat-pairings but also btc-xmr-pairings (and other alts also).
So the truth is a lot of btc bought with fiat for the purpose of buying Monero is inflating the trading volume of btc but also when those very same bitcoins are dumped into Monero markets, it also boosts the trading volume of btc for the second time.
Am I alone here or is btc just a zombie?

[vokain]

its organically growing again

yeah a sudden 1000btc buy is organic lol

with 24k BTC daily volume 1000 BTC is on average traded every hour. we need to get used of huge volumes in Monero. I posted chart somewhere of last 30 days Monero volume. that reached over 500 millions USD. let me find it. I made it since i think it will be a 30 days record for soem time. 1/4 of BTC volume of last month. Not to mention that is actually more since some that wanted to buy Moneros with fiat had to buy BTC first.

Bear in mind the coinmarket cap trading volumes are biased and created in such way that bitcoin will always have the highest volume.
If you break down to the components of Btc trading volume you see it consists not only btc-fiat-pairings but also btc-xmr-pairings (and other alts also).
So the truth is a lot of btc bought with fiat for the purpose of buying Monero is inflating the trading volume of btc but also when those very same bitcoins are dumped into Monero markets, it also boosts the trading volume of btc for the second time.
Am I alone here or is btc just a zombie?

I'd say BTC with its hard won liquidity and acceptance serves as a useful bridge from everything on that list to most the of rest of the finance world, for now.  Maybe more like a pelican pecking herself to feed her young with her own blood.

[infofront]

From my point of view it doesn't really matter whether this is a breakout or not.  What matters is that eventually it will break out and level up, and I don't want to be caught wrong-footed when that happens.

Call me a moon child if you like, but at least half the sovereign debt outstanding is never going to be repaid.  When that fact gets priced in, everything will sell off massively, all counterparty, repository, and fiduciary trust relationship will be called into question.  You think you have gold because you own GLD? Hmmmph.  Physical wealth safe from lien or seizure, and crypto, are going to be at maximum premium when the bail-ins begin in earnest in Europe.  Monero is the safest of all assets in this regard.

Couldn't agree more.

Pensions are getting shit on left and right because either the company or local gov't over promised and under delivered. So pensioners are having to take a hair cut.

Things are going to get worse before they get better. Being on the wrong side could cost one a lot.

The looming pension crisis could make the great recession look like a weekend in the Hamptons.

[Anon136]

From my point of view it doesn't really matter whether this is a breakout or not.  What matters is that eventually it will break out and level up, and I don't want to be caught wrong-footed when that happens.

Call me a moon child if you like, but at least half the sovereign debt outstanding is never going to be repaid.  When that fact gets priced in, everything will sell off massively, all counterparty, repository, and fiduciary trust relationship will be called into question.  You think you have gold because you own GLD? Hmmmph.  Physical wealth safe from lien or seizure, and crypto, are going to be at maximum premium when the bail-ins begin in earnest in Europe.  Monero is the safest of all assets in this regard.

I've said before but it's worth repeating. The conservatives will flock to gold and silver and the progressives will flock to crypto. So get ready for those clowns .

[infofront]

From my point of view it doesn't really matter whether this is a breakout or not.  What matters is that eventually it will break out and level up, and I don't want to be caught wrong-footed when that happens.

Call me a moon child if you like, but at least half the sovereign debt outstanding is never going to be repaid.  When that fact gets priced in, everything will sell off massively, all counterparty, repository, and fiduciary trust relationship will be called into question.  You think you have gold because you own GLD? Hmmmph.  Physical wealth safe from lien or seizure, and crypto, are going to be at maximum premium when the bail-ins begin in earnest in Europe.  Monero is the safest of all assets in this regard.

I've said before but it's worth repeating. The conservatives will flock to gold and silver and the progressives will flock to crypto. So get ready for those clowns .

Somebody in the crypto world could profit off that. bitcoins4foodstamps.com and bitcoins4collegeloans.com

[nanobrain]

Looks to me like 0180 is a new support level.  Buyable here.  Anyhow, my cheap XMR line remains 0188 until I recompute.

0180? I see only 0160 and 0155

I see 018 now.

.0171 now.
Its almost like someone sees these posts and then....

[explorer]

Looks to me like 0180 is a new support level.  Buyable here.  Anyhow, my cheap XMR line remains 0188 until I recompute.

0180? I see only 0160 and 0155

I see 018 now.

.0171 now.
Its almost like someone sees these posts and then....

...margin shorts!

  The bid book had been bled down considerably before the short, and appears to be staying there, while asks are up even more.  Still price creeps upward when not actively thwarted.

[N-rG]

Looks to me like 0180 is a new support level.  Buyable here.  Anyhow, my cheap XMR line remains 0188 until I recompute.

0180? I see only 0160 and 0155

I see 018 now.

.0171 now.
Its almost like someone sees these posts and then....

This thread is not relevant for trading impacts i guess. But brave shorters i have to admit. There are at least 2 whales with more than 400 BTC buy power which are not in atm. If they go in, the shorters are in really big trouble. I read about some poor people in the Trollbox which lost everything with their last short. I wouldnt do it but have respect that still some are encouraged enough to go short. If they win, they deserve it even when they play against me (I'm joined the club of holders since now)

[iCEBREAKER]

From my point of view it doesn't really matter whether this is a breakout or not.  What matters is that eventually it will break out and level up, and I don't want to be caught wrong-footed when that happens.

Call me a moon child if you like, but at least half the sovereign debt outstanding is never going to be repaid.  When that fact gets priced in, everything will sell off massively, all counterparty, repository, and fiduciary trust relationship will be called into question.  You think you have gold because you own GLD? Hmmmph.  Physical wealth safe from lien or seizure, and crypto, are going to be at maximum premium when the bail-ins begin in earnest in Europe.  Monero is the safest of all assets in this regard.

I've said before but it's worth repeating. The conservatives will flock to gold and silver and the progressives will flock to crypto. So get ready for those clowns .

Progs?  In crypto?  Really?  ZOMG please let it be true!   

They're going to have *such* a bad time.

If they hate the silly alt-right brigades, the highly educated uber-reactionary crypto crowd will offend them to the point of catatonia.   

[ether19]

Looking forward to see Monero taking over ethereum. Right now it seems like Monero is consolidating and after sometime we can expect it to make a strong move. Let's hope the move is bullish and it cross 15 US dollar

[cAPSLOCK]

Looking forward to see Monero taking over ethereum. Monero make consolidate a big and then make a strong move. Let's hope the move is upwards.

You are looking at the same charts as me.

[medusa13]

Since today:

1. My Dog
2. Monero / former BTC
3. Girlfriend
4. BTC

im only impressed by the numbers on the left side, wich you carefully hide, because those are the important ones in the long run and you know so too.   (no need to show them)

and yes, please join the hall of fame. donating at least 1% is the way to go. if we all do it it will be enough allready

[N-rG]

Whup whup, looks very good for XMR these days....the 2 buy walls with in sum 50k XMR's disappeared.

To sum up, at least 2 whales and at least potencial 55k orders waiting to get fired in.
I dont want to be a shorter right now hehe
I guess it will break 021 today++

Edit:
I forgot, when the shorters get forced to close than....i dont want to predict.

Edit2:

http://us.blastingnews.com/tech/2016/09/darknet-currency-isn-t-just-bitcoin-anymore-001132937.html

[Febo]

Bear in mind the coinmarket cap trading volumes are biased and created in such way that bitcoin will always have the highest volume.
If you break down to the components of Btc trading volume you see it consists not only btc-fiat-pairings but also btc-xmr-pairings (and other alts also).
So the truth is a lot of btc bought with fiat for the purpose of buying Monero is inflating the trading volume of btc but also when those very same bitcoins are dumped into Monero markets, it also boosts the trading volume of btc for the second time.
Am I alone here or is btc just a zombie?

BTC is not a zombie. But  3/4 of BTC volume is because of alts. There is still  1/4 left, so about 500 millions USD a month . And that is a unique in Crypto. None other coin have even close to that much volume made for things out of crypto.
Well most dont have that much volume as BTC have in one month with out of crypto activity forever.

Monero have potential to get close here to BTC. But we are at start.  So long long way there. Every million of USD volume on dark markets or fiat pairs or everywhere else will count.

[obit33]

Amateur hour TA:



when GUI comes out (soon), rocketlaunch!  
edit: 23/09 is a friday, another XMR-french-weekend?

[Anon136]

Looks to me like 0180 is a new support level.  Buyable here.  Anyhow, my cheap XMR line remains 0188 until I recompute.

0180? I see only 0160 and 0155

I see 018 now.

.0171 now.
Its almost like someone sees these posts and then....

This thread is not relevant for trading impacts i guess. But brave shorters i have to admit. There are at least 2 whales with more than 400 BTC buy power which are not in atm. If they go in, the shorters are in really big trouble. I read about some poor people in the Trollbox which lost everything with their last short. I wouldnt do it but have respect that still some are encouraged enough to go short. If they win, they deserve it even when they play against me (I'm joined the club of holders since now)

We should be thanking them. Look at what btc did during its moon shots. Up to 24 dollars down to 2. Up to 1200 down to 200. It was hard or impossable to short bitcoin. This would have been us if it werent for brave shorts that restrained the greed at 0.025 allowing for a reasonable (in crypto terms) and more healthy 50% retracement.

[Globb0]

Amateur hour TA:



when GUI comes out (soon), rocketlaunch!  
edit: 23/09 is a friday, another XMR-french-weekend?

[MooneroShill]

Sharing this very nice initiative by Athan Clark. He is creating a light GUI wallet for only 200 XMR:
https://forum.getmonero.org/6/ideas/86924/nice-gui-wallet

And it's going to be finished very soon. Quick guy! Quote: "I will have this app finished in 1.5 weeks at most. If you doubt me, put your money where your mouth is! "

I also speculate we are going sideways until friday evening.