[XMR] Monero Speculation

[nioc]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

To me these 2 quotes seem to contradict each other.  First quote says it's not going higher and the second one I read to be that the only way it is going is up.  rpietilla would you please clarify.  Thank you.

Several people that I respect have just said that the price will be basically horizontal for the next several months.  I'm more in line with rpietilla's second quote.  Ofc there is great uncertainty from uncontrollable events.  I did buy some yesterday at < 0.01 but mostly I will continue to hold and drink tea.

In other news:  Total time logged in: 100 days, 36 minutes.

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[smoothie]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

To me these 2 quotes seem to contradict each other.  First quote says it's not going higher and the second one I read to be that the only way it is going is up.  rpietilla would you please clarify.  Thank you.

Several people that I respect have just said that the price will be basically horizontal for the next several months.  I'm more in line with rpietilla's second quote.  Ofc there is great uncertainty from uncontrollable events.  I did buy some yesterday at < 0.01 but mostly I will continue to hold and drink tea.

In other news:  Total time logged in: 100 days, 36 minutes.

I interpreted it as it isn't going up in a FOMO fashion...it can go up though, just not as it has in the recent spike.

[KeyJockey]

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

Seems to me that the only thing possibly upcoming which *might* trigger that happening, is if there's some kind of incredible hype marketing machine gearing up behind the ZCash launch, which -- despite all the technical superiority of Monero -- *might* be able to irrationally induce less-informed HODL'ers to jump ship for the "shiny new" or "latest and greatest" anon coin.

IF something like that happens, however, I believe it will be short-lived and the backlash will be severe... and ultimately probably of long-term benefit to XMR.

But still, point is that it may get UGLY for awhile... Monero-ites need to be prepared for that.  We'll just have to see how it goes, I guess.

Anyway, I know I'm gonna be tempted to try and play something off of ZCash when it launches, probably... short the shit outta it, if possible, and use the profits to acquire more XMR... LOL.  But honestly I know I should probably not even try that as I'll get my ass handed to me as usual, one way or the other LOL.

IAC my long-term, base stash of XMR is gonna remain locked up safe & sound in cold wallets as always.  Maybe I'll play it with a little expendable fiat only... heh.  We'll see.

[Thenoticer]

This image says it all.

I was just surfing the zeronet and found this

[tifozi]

Zeronet is also going to be huge in due time. Nice screenshot right there ..

A lot of the low hanging fruits have been gambling last 3-4 weeks as well as newbies learning lessons the hard way. But will they ever really learn 

[Hueristic]

It is my understanding that he went on a cruise around the world.

You'd think he'd have learned to stay away from the damn boats by now 

Not all cruises are on boats. I cruise in my jooogie car all the time. 

My car is a Boat. And just like a boat it's got the same definition, "A hole in the water you throw your money into".

What is happening here? XMR is only clearly in a correction yet the people are already overreacting. Those people who are very anxious and angry are probably the ones who were scared to be left behind so they panic bought at the top. Now they feel that the are trapped but that is far from the truth. We should all be patient and keep supporting Monero. The cryptosphere will be too big for bitcoin and other cryptocoins will naturally be needed to fill the niche that bitcoin cannot reach.

Sorry can't hear you from all the screaming going on, really there's no way to keep up with this thread and have a life!

Well I suck with graphs and graphic software but here's a possibility. DO NOT USE THIS TO GAMBLE WITH !!!!!!!!!!

[Dafar]

Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?

volatility

[TrueCryptonaire]

Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?

volatility

You never heard about hedging?

[GreekBitcoin]

This image says it all.

I was just surfing the zeronet and found this

Interesting

[N-rG]

https://z.cash/team.html -> Investors

[Hinozoid]

https://z.cash/team.html -> Investors

Fan of Zcash?
So what is your Monero price prediction?

[CryptoPH]

 

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

[olcaytu2005]

Btc might be moving up and the recent dump was shake out. I want to agree with rpietila that 888 was the bottom but a huge btc rally might coming very soon.  XMR may maintain its fiat value but could decrease dractically if the predictions over 670 or even 700 for btc happens. Im personally staying away for now.

[cryptimus prime]

Btc might be moving up and the recent dump was shake out. I want to agree with rpietila that 888 was the bottom but a huge btc rally might coming very soon.  XMR may maintain its fiat value but could decrease dractically if the predictions over 670 or even 700 for btc happens. Im personally staying away for now.

Honestly this "huge" BTC "rally" does not really sound that interesting. There is also a possibility of downward movement at this point, which is more likely then for XMR, which has bottomed out and has more upward potential. I see the XMR recovery with some news and GUI as more interesting for profit.

[mnemonicsoup]

What is the reason for this bitcoin rally other than it's November?

[CTTE]

Btc might be moving up and the recent dump was shake out. I want to agree with rpietila that 888 was the bottom but a huge btc rally might coming very soon.  XMR may maintain its fiat value but could decrease dractically if the predictions over 670 or even 700 for btc happens. Im personally staying away for now.

Honestly this "huge" BTC "rally" does not really sound that interesting. There is also a possibility of downward movement at this point, which is more likely then for XMR, which has bottomed out and has more upward potential. I see the XMR recovery with some news and GUI as more interesting for profit.

Also, "huge" is a relative term...  What you're talking about is only 5-10%, it's not really that big of a move so let's keep it in perspective. If btc moves to say $1,500 or $2,000 I would call that a Huge rally!

[MrGood]

Btc might be moving up and the recent dump was shake out. I want to agree with rpietila that 888 was the bottom but a huge btc rally might coming very soon.  XMR may maintain its fiat value but could decrease dractically if the predictions over 670 or even 700 for btc happens. Im personally staying away for now.

Honestly this "huge" BTC "rally" does not really sound that interesting. There is also a possibility of downward movement at this point, which is more likely then for XMR, which has bottomed out and has more upward potential. I see the XMR recovery with some news and GUI as more interesting for profit.

Also, "huge" is a relative term...  What you're talking about is only 5-10%, it's not really that big of a move so let's keep it in perspective. If btc moves to say $1,500 or $2,000 I would call that a Huge rally!

If BTC had a "huge" rally to $1500 or $2000 then all the top alts would rally in near alignment, except the magnitudes would be greater. So where BTC would rise by 2.5, Monero would easily rise by 5, or even 10.

Perhaps for the first BTC peak there would be a moment of ALTs bleeding in to BTC, but as greater disparity as to where the end of the BTC bullrun is, BTC profits are looped back into ALTs, and any subsequent rise continues in tandem.

Therefore it makes more sense to ride the XMR rally than the BTC rally. We saw exactly the same thing happen with Litecoin in 2013.

[moneyLooser]

I'm interested if the stop of downtrend is connected to the started downtrend of DASH. I read in Polo and here that DASH loses every day Masternodes...it was 1000 or 10000 DASH to supply a node? So every day this community loses every day money...i'm interested if this goes straight to XMR or is prepared to go into zcash?

@N-rG there was one thing wrong you wrote about zcash. You said zcash is not Open Source. It is open source! Check it again

[KeyJockey]

Therefore it makes more sense to ride the XMR rally than the BTC rally. We saw exactly the same thing happen with Litecoin in 2013.

Hmm... interesting.  Has this relationship BTC/ALTs always held true in all past BTC rallies?

I have my BTC/Alt portfolio fairly well balanced (I think) but I've always assumed that *when* the BTC moon shot finally comes (like if the damn blocksize stalemate could ever be definitively resolved) that I'll have to quickly divest out of all the various alts that I have in cold storage in order to jump back on to the bitcoin rocket fully all-in: that could take precious time and/or possibly not even be feasible IF things get hairy too quickly.

So -- IF I'm understanding your point correctly -- you're saying actually the opposite may be true, i.e. I'd instead best need to plow only the BITCOIN quickly over into my ALTS? (assuming same percentages, to keep ratios in place -OR- maybe just quickly pour it all into XMR or something like that...?)

[cryptoPrecise]

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

Couldn't agree more.