[XMR] Monero Speculation

[TrueCryptonaire]

Dude, cold storage cold storage and once again: golden cold storage.
If you want to become rich, the only way is to ignore NRG and store your coins outside of exchange and come back after 5 years.

I will not be rich with only 240 XMR, i need at least 5x that to make any substantial amount, my only chance of becoming rich is to sell and rebuy a lot cheaper. I think i will do nothing now, the price can go both ways.

I do not store cold, i have my wallet on my linux machine and it's password protected.

I am not sure what is your definition by being rich but I think 240 XMR is just fine.
Basically if everything goes as planned, the price of Monero should be significiantly higher than the price of bitcoin is today. It really is possible we see 10 000 usd price for XMR.
For bitcoin I am not so sure.

Obviously I am a bagholder and I preach what I do personally.
Linux storage is just fine IMO, much better than holding in exchange where you can easily dump your coins to NRG.

[1714675117]

1714675117

[1714675117]

1714675117

[1714675117]

1714675117

[saddambitcoin]

And there are plenty more, just look yourself.

They *can* prove transfer by using this: http://xmr.llcoins.net/checktx.html

The sender would have to provide the tx viewkey and the transaction id, then there is no question.

[TrueCryptonaire]

And there are plenty more, just look yourself.

Viewkey gives an optional publicity for confirmation of transactions.

[N-rG]

I dont talk there. Buy anyway he said no one is using XMR at AlphaBay so I guess he doesnt care anyway

[adolf512]

I am not sure what is your definition by being rich but I think 240 XMR is just fine.
Basically if everything goes as planned, the price of Monero should be significiantly higher than the price of bitcoin is today. It really is possible we see 10 000 usd price for XMR.
For bitcoin I am not so sure.

Obviously I am a bagholder and I preach what I do personally.
Linux storage is just fine IMO, much better than holding in exchange where you can easily dump your coins to NRG.

I will settle for at least 500XMR but i would prefer to have over 2000XMR which is too expensive for me now. I guess i will have to hold now and accept what happens, even buying more slowly. Since i suck at trading i guess it's smarter for me to hold. You are not really a true bagholder, a true bagholder is someone who bought a shitcoin like quark during the peak, xmr is a fine coin and will remain that way even without being supported on DNM.

[kurious]

I dont talk there. Buy anyway he said no one is using XMR at AlphaBay so I guess he doesnt care anyway

And he was wrong about XMR, so it's a little hard to take his comment seriously.

Good luck with your next short, be interesting to see how it works out for you.

[wpalczynski]

So what I was worried about AB seems not to be so spectulative....

And some verndors are also complaining:

Waiting for my coin since 5 days. Support not answering.

Also have about 400 BTC what apeared send but i havent received anything !!!
Please AlphaBay dont follow Oasis...fck 400 BTC

Not sure what these have to do with XMR....

Cause the rise of XMR began with the announcemen of Alphabay acceptance.
After Oasis did exit scam the price drops.
When now AlphaBay is doing the same, im afraid XMR will also drop like hell. That fucks me up so much with these darknet markets.

Is AB down?  What are the chances that two DM pull an exit scam at the same time?  Slim I would think.

[N-rG]

Dude, cold storage cold storage and once again: golden cold storage.
If you want to become rich, the only way is to ignore NRG and store your coins outside of exchange and come back after 5 years.

I will not be rich with only 240 XMR, i need at least 5x that to make any substantial amount, my only chance of becoming rich is to sell and rebuy a lot cheaper. I think i will do nothing now, the price can go both ways.

Sell now. I agree to the people here who say it will still fall for while. Today was just a short recovery for the mass drop. Moreover it was like hype buying again which is already stopped.

When you sell now (or go short) and you can buy back at 115 you have more coins. When it drops to 85 you still have more coins than you have now without selling.
When it rises again above 115 you are already in the green zone. But Bagholding can be also good. But i prefer to make more of something

Btw. I follow this guy https://www.tradingview.com/chart/XMRBTC/1RaAMKMF-Monero-XMR-flush-toilet-time/. He was exactly right with everything. Nearly touchdown with 115. Next ist 101 and than below 100.

[aerbax]

Monero (and Kovri) dev meeting note highlights - 2016-10-02

https://hellomonero.com/article/monero-and-kovri-dev-meeting-note-highlights-2016-10-02

[TrueCryptonaire]

Okay NRG, if you say so that the price goes down, then short it.
Based on your last writing you obviously still have open short position.

I am ready for your increase in short - I have still 4 bids waiting to be filled. I promise you I will not withdraw those orders even if the price approaches them.  Those orders are legitimate.
And I can put even more bids if you need more liquidity. 

[Caladonian]

Monero (and Kovri) dev meeting note highlights - 2016-10-02

https://hellomonero.com/article/monero-and-kovri-dev-meeting-note-highlights-2016-10-02

monero is now making some movements i think need some observation before placing and entry thanks to this mate.

[TrueCryptonaire]

So what I was worried about AB seems not to be so spectulative....

And some verndors are also complaining:

Waiting for my coin since 5 days. Support not answering.

Also have about 400 BTC what apeared send but i havent received anything !!!
Please AlphaBay dont follow Oasis...fck 400 BTC

Not sure what these have to do with XMR....

Cause the rise of XMR began with the announcemen of Alphabay acceptance.
After Oasis did exit scam the price drops.
When now AlphaBay is doing the same, im afraid XMR will also drop like hell. That fucks me up so much with these darknet markets.

Well the truth is, you are just concerned about your short.. lol

I closed my short already at 115 with ~20.000$+
But I go in with a new short for sure at 140 or 150

Keep me updated when you open the short position.
Current price of Monero is such a small that this can be achieved even without DNM.

[N-rG]

Okay NRG, if you say so that the price goes down, then short it.
Based on your last writing you obviously still have open short position.

I am ready for your increase in short - I have still 4 bids waiting to be filled. I promise you I will not withdraw those orders even if the price approaches them.  Those orders are legitimate.
And I can put even more bids if you need more liquidity. 

Somehow you always say "i have some more bids open" when the price is falling. I see that as a good sign that 0.0101 is reached soon

https://www.tradingview.com/chart/XMRBTC/1RaAMKMF-Monero-XMR-flush-toilet-time/

[TrueCryptonaire]

Okay NRG, if you say so that the price goes down, then short it.
Based on your last writing you obviously still have open short position.

I am ready for your increase in short - I have still 4 bids waiting to be filled. I promise you I will not withdraw those orders even if the price approaches them.  Those orders are legitimate.
And I can put even more bids if you need more liquidity. 

Somehow you always say "i have some more bids open" when the price is falling. I see that as a good sign that 0.0101 is reached soon

https://www.tradingview.com/chart/XMRBTC/1RaAMKMF-Monero-XMR-flush-toilet-time/

I do not go all in with one shot. I am not stupid.
I still have a nice stash of bitcoins outside of exchange and I am willing to put even more bids with higher amounts if you need some liquidity with your short positions.
My timeline is years and years ahead.
Today even 1 of my bids were touched so please to hard so that I can get some of the coins you borrow, well, from me. 

[N-rG]

So why you complain than about falling prices. Than you win of the current situation of falling prices. I dont understand why you than always deny these facts. Well, whatever. I think we are finish, you have your oppinion, i have my facts We can both live with that.

[Mast0rmind]

i have my facts

https://s14-eu5.ixquick.com/cgi-bin/serveimage?url=https:%2F%2Fcdn.meme.am%2Finstances%2F66913476.jpg&sp=3b4be61cefa3e11a57966593407c9250

[TrueCryptonaire]

I think you are more here complaining because nobody wants to dump into your shorts.
We are here warning the newbies not to sell to you cheap those coins they bought higher in hope of 70 usd/xmr.
People need more long term focus and if they are not 100 % certain they are able to make more money than lose they should not gamble.

The fact is, Monero is now so cheap this price is sustainable even without Darknet markets. Sure Monero was cheaper in a few months ago - but it was more or less the same for 2 years despite the emission is cut significiantly.
I think you are ignoring here the fact that Monero is fundamentally the best and has the merit of being more expensive than today.

[adolf512]

I have to be honest i am really terrified right now, i have a feeling that the price will fall below 0.01, i had the same feeling before the last crash(sold half then). If i had my xmr on poloniex i would have sold, that's for sure. I actually regret not having my xmr on poloniex now, i would have sold at 0.0137 in that case.

[N-rG]

I have to be honest i am really terrified right now, i have a feeling that the price will fall below 0.01, i had the same feeling before the last crash(sold half then).

Than you actually have a quit good feeling. I would not recommend to a newbie to use marging trades, especially not when you are a low money. But maybe use half of your coins (or even less) to trust your feeling and deal with long/shorts.

[Fredomago]

I have to be honest i am really terrified right now, i have a feeling that the price will fall below 0.01, i had the same feeling before the last crash(sold half then). If i had my xmr on poloniex i would have sold, that's for sure. I actually regret not having my xmr on poloniex now, i would have sold at 0.0137 in that case.

price still moving and trades are unstable i think it is a good fortune to position buy order just needed to have good timing opportunity comes and if this downfall will continue those who are trusting this project would benefits in the long run the more you hold the more chances that the price will bounce back and weak holders will cry when price will rises up again.