[XMR] Monero Speculation

[nanobrain]

ARRGGHHH, run for the hills the sky is falling!!!

Thought I'd post that first.

[img]snip/img]

funnily enough I'm watching 'Falling Skies' right now 

[TrueCryptonaire]

What happened? Why the price dropped? Who is selling and why? 

[Hueristic]

ARRGGHHH, run for the hills the sky is falling!!!

Thought I'd post that first.

[img]snip/img]

funnily enough I'm watching 'Falling Skies' right now  

Amusing coincidence. New season started? I'm checking now.

Edit: ahh cancelled wondered why it wasn't showing up on my feed anymore.

[adolf512]

What happened? Why the price dropped? Who is selling and why?  

Looks like not shorting the bitch ealier was a mistake, shorting usd/btc and btc/xmr when xmr was over 15$ was a good idea. The price often go down when you do not expect it, that's the nature of trading.

I am not impressed by RingCT, increases trabsaction size too much, xmr is not scalable enough and the confirmation time is too long for mass adoption.

BTW: could it be that some people have inside information such as alphabay closing down or ending xmr-support?

[TrueCryptonaire]

What happened? Why the price dropped? Who is selling and why?  

Looks like not shorting the bitch ealier was a mistake, shorting usd/btc and btc/xmr when xmr was over 15$ was a good idea. The price often go down when you do not expect it, that's the nature of trading.

I am not impressed by RingCT, increases trabsaction size too much, xmr is not scalable enough and the confirmation time is too long for mass adoption.

BTW: could it be that some people have inside information such as alphabay closing down or ending xmr-support?

You tend to send me very similar PMs here on forum... "It would have been a good idea to long at x" or "It would have been a good idea to short at Y" or "I should have stick to the oridginal plan" etc.

Risto needs to raise 1.8 million euros to pay taxes, perhaps he dumps Moneros to cover the tax liabilities?
Alphabay has very little trading volume on XMR as far as I know so it should not be too big player in Monerosphere.
Also looks like the lending markets have almost out of Moneros (perhaps some of it is due to the withdrawals to the GUI) which might indicate that massive short positions are opened which tend to be bullish (shorters are buyers).

[adolf512]

Risto needs to raise 1.8 million euros to pay taxes, perhaps he dumps Moneros to cover the tax liabilities?
Alphabay has very little trading volume on XMR as far as I know so it should not be too big player in Monerosphere.
Also looks like the lending markets have almost out of Moneros (perhaps some of it is due to the withdrawals to the GUI) which might indicate that massive short positions are opened which tend to be bullish (shorters are buyers).

Interesting. It might be that a lot of speculators opened short position when the price started to go down, we will see what happens.

monero like all alts has almost zero usage, the price does not follow the usage of the coin, if alphabay would close or end xmr support i am sure the price would crash below 7$ again.

btw: i was not able to short xmr and btc earlier, i am still looking for a good way to hedge against falling btc price while shorting alts. looking at history xmr could go down below 0.01 again, that would be fun.

[Globb0]

I read the talk here and fear for my life. Then I go to the chart and its still above 12 ? 

Hardly the fallen sky I was expecting based on these posts.

[TrueCryptonaire]

Bitcoin seems to have found some sort of support... Looks like China bans the margin trading of bitcoins but I do not think it will help that much. People in China will take bank and consumer loans from conventional banking system and buy bitcoins with those loans and here we go again... Actually that sort of "margin trading" is better for the stability of bitcoin in the future as the positions are not used as collateral and therefore not under the threat of forced liquidation.
Bitcoin might go lower but also it might shoot to the ATH. My opinion on bitcoin is that it will stabilize somewhere around here before the major big bull run. I can see bitcoin growing to 2000-3000 usd per coin but it can go also higher.
I have no idea where Monero will go next. It can be that this project fails and Dark coin will replace Monero but also that Monero will replace bitcoin as the ultimate crypto and anything between of these two extreme scenarios.

[CoinCidental]

What happened? Why the price dropped? Who is selling and why?  

its worthwhile to hedge with some shadowcash (i like them both )
But SDC still very under priced and they are making a  darknet market

[rangedriver]

Bitcoin might go lower but also it might shoot to the ATH. My opinion on bitcoin is that it will stabilize somewhere around here before the major big bull run. I can see bitcoin growing to 2000-3000 usd per coin but it can go also higher.

So basically what you're saying is that Bitcoin could go lower, but it also could hit the ATH, it could also stay the same, or it could hit 2000-3000USD, or it could also go much higher than that.

Genius.

[adolf512]

I have no idea where Monero will go next. It can be that this project fails and Dark coin will replace Monero but also that Monero will replace bitcoin as the ultimate crypto and anything between of these two extreme scenarios.

i do not see dash or xmr replacing bitcoin, i do not think that will happen for any of the current alts, they are not good enough for that but i might be totally wrong. SDC is a bit shady, i considered grabbing some due to low price but i decided against that for some reason. I just dont want to hold alts long term, i do not have faith in any coin.

I have seen this before, people thinking "moon" and not much later the price is down 10%, people think it was temporary but of course it continues down more and more

[Shiroslullaby]

This is probably a small selloff by speculators.
Many people were expecting the price to go up over the last week or two and now that it hasn't, they are selling to invest in other coins.
Unless the price drops another 25% it feels like it will stabilize. Hopefully we get some news over the coming weeks or months about Chinese interest in Monero.
If that happens the price could easily go back up to previous levels or even a new ATH.

[CTTE]

Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.

So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices.  This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential. 

My approach is to follow the whales!

[noobtrader]

Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.

So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices.  This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.  

My approach is to follow the whales!

i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead  LOL....

and the ppl who tell him to buy monero and store at that webwallet call him idiot 

[CoinCidental]

Xmr is still in my opinion the best privacy coin,followed by SDC

DASH is flawed and zcash is a scam (imo)

We may retrace a bit for now  but I think $50 by the summer is realistic so stay calm and hodl 

[DaveyJones]

Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.

So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices.  This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.  

My approach is to follow the whales!

i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead  LOL....

and the ppl who tell him to buy monero and store at that webwallet call him idiot 

if you keep your coins in a webwallet it is only YOURSELF to blame fore being a lazy ass, when the service is not available. Nowadays it is so easy to use the GUI + remote node

[noobtrader]

Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.

So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices.  This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.  

My approach is to follow the whales!

i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead  LOL....

and the ppl who tell him to buy monero and store at that webwallet call him idiot 

if you keep your coins in a webwallet it is only YOURSELF to blame fore being a lazy ass

I rest my case...

btw not everyone is smart enough to switch from webwallet to gui wallet on time, some dont have time to set them up, and some might simply get panicked.   

[bitebits]

Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.

So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices.  This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential. 

My approach is to follow the whales!

i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead  LOL....

and the ppl who tell him to buy monero and store at that webwallet call him idiot 

if you keep your coins in a webwallet it is only YOURSELF to blame fore being a lazy ass

I rest my case...

btw not everyone is smart enough to switch from webwallet to gui wallet on time, some dont have time to set them up, and some might simply get panicked.   

Mymonero.com does not need to be online to be able to retrieve your XMR:
https://www.reddit.com/r/Monero/comments/5nlgfi/problems_with_tool_to_migrate_xmr_from_mymonero/

[volyova]

Xmr is still in my opinion the best privacy coin,followed by SDC

DASH is flawed and zcash is a scam (imo)

We may retrace a bit for now  but I think $50 by the summer is realistic so stay calm and hodl  

You forgot about ZCoin.

[CoinCidental]

Xmr is still in my opinion the best privacy coin,followed by SDC

DASH is flawed and zcash is a scam (imo)

We may retrace a bit for now  but I think $50 by the summer is realistic so stay calm and hodl  

You forgot about ZCoin.

i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio

i also hold some NAVcoin because i like the project as well (its also a privacy based coin  and i think this wil only  become more importamt in the future ) http://navcoin.org/