[XMR] Monero Speculation

[kurious]

Hey - don't stress on the D-coin.

We are (quietly - shhh!) back over $15 and were a few days ago in the $11.xx range.   Also we are back well over $200mn market cap and closing in on Ripple at no 4.

Softy, softly.  The smart money knows XMR is the real coin and D*** is for shits 'n' giggles, pumps and dumps.

Honeypony is fine and dandy, any shorts out there have to be trembling.

EDIT: $16 as I type!

Oh I know, brother... LOL no worries really.  I just like to bitch about it I guess

Srsly I have my Moneroj socked away safely since before last Christmas, still untouched, and now I'm just watching the show (actually kinda trying desperately to scrounge up as much FIAT toilet paper "money" as I can this week, sell the house sell the car sell the kids, just to maybe ride the Bitcoin rocket a little ways up for one or two booster-stages, IF/WHEN (if if if?) the Winki Boyz ETF gets an actual greenlight end of this week).

But for sure NOT gonna TOUCH any of the longterm cold-storage for that kind of gambling, certainly not gonna liquidate any XMR for it!!  Just maybe play with a little fiat only... we'll see.

I kinda need XMR to be in the 015's to really feel comfortable but the 012's is still fine, fine.  Much better than it was in the 009's for sure

But, yeah, no worries really on the DashPump.  Just bitching to bitch here, never mind me LOL

Don't get me wrong, I was in the Polo trollbox doing my damnedest to warn people as it was at its peak. 

I never normally go in but the pump-fest was sickening at, what $57 at the peak?  The D-heads were luring in the newbs with every trick in the book to increase the FOMO just as it was at it's silliest point.

It galls me too, but we can't bemoan the past year's growth and a top 5 position in Crypto. It comes from being NOT like other coins.

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[asmodat]

We might be in descending triangle moving towards 0.01 BTC / 12.5 USD wall right now, so I would prepare myself to grab cheap monero when that happens.
https://www.tradingview.com/chart/XMRBTC/dpwHFV4h-XMR-BTC-on-POLONIEX/

[kurious]

Extreme jitters in BTC - frustrating to see us dip with it, instead of the old-fashioned inverse relationship to BTC price.

But trade carefully:  Potential BTC hostile fork rumours and transaction jam, along with imminent ETF news means volatile times  - in every currency...

[Shiroslullaby]

I hate to bring up darknet markets because its not the only reason to adopt Monero,
but I honestly believe that some big busts in the next few years will lead to a serious push towards more anonymous payment systems.
Bitcoin transactions are actively being investigated by authorities in connection to drugs and illegal goods being bought online.
Postal inspectors are ramping up efforts to intercept packages.

Once people realize that their transactions are being traced it will expose a big advantage for coins like Monero. It may take a few years but it will happen.
If you can pick up some XMR in the $10 to $12 range I would definitely make at least a small investment.

[asmodat]

Bearish flag imao agains btc: https://www.tradingview.com/chart/XMRBTC/z0xOEirL-XMR-BTC-on-POLONIEX/

[TrueCryptonaire]

It looks like it is going to around 0.0099 or so.
Then next week the peak will be 0.0115 or so and the bottom 0.0101.

The wedge will get the break up or down around 27th of March and the breaking point will be 0.0105.

Just my gut feeling.   

[juras54]

monero will go long down, the bottom at 0.007 then bounce up

[ResistantLaw]

monero will go long down, the bottom at 0.007 then bounce up

I doubt it would go that low.

I'd doubt there will be any dips below $10 USD unless there are any flaws or bugs, etc found

[Kelvinid]

monero will go long down, the bottom at 0.007 then bounce up

I doubt it would go that low.

I'd doubt there will be any dips below $10 USD unless there are any flaws or bugs, etc found

that is right. Any price below $7 to 10 is good to buy. Monero has some actual usage.

[kurious]

monero will go long down, the bottom at 0.007 then bounce up

I doubt it would go that low.

I'd doubt there will be any dips below $10 USD unless there are any flaws or bugs, etc found

that is right. Any price below $7 to 10 is good to buy. Monero has some actual usage.

Below $7?   Won't happen without a black swan event. 

[Febo]

In the short term the price will oscillate but by the end of 2017 I see it much higher, at least $100.

That's why whis thread is called speculation, so we can multiply this profit even more whenever it goes up or down.
It is great that price is going down, so we can short and then buy more, I don't understand why people are feeling insecure about that.
Monero is great so we are 100% sure that it will succeed thus making for us an ultimate safe bet wile picking it after every single downfall.
Consider yourself being a DASH owner, you would literally shit your pants while betting on it at any time, because who knows what might happen at any moment when some big fish might decide to cash it all out.

And for those interested, we see a large sell orders on POLY hanging around spread gap (USDT - POLO), so very interesting ride.

Because this is crypto and not some industry where takes months or even years that something happens. When you shorth, few good news can happen and you stay with zero Monero and a debt in Monero and price gets few times higher.

Margin trading is not try your luck gambling, but try your unluck.  So you will win most times, but when you will fail you will really fail.

[Mr.Coinzer]

I think monero price will rise this year to $30-$50

[poptop]

UPDATE: more than 2k XMR in BUY positions visible in top 20 orders - buy signal for those who want to enter before they execute.

LOL, it's a fake wall (and very cheap due of margin) and it always disappears when it's need. Now monero goes parallel to btc and btc goes down.

[KeyJockey]

Margin trading is not try your luck gambling, but try your unluck.  So you will win most times, but when you will fail you will really fail.

LOL yup... similar to the "Martingale Strategy" in casino gambling which is a net long term loser but still catches a lot of people who falsely believe in it.

This is where you double your bet after every loss, and as long as you have a huge bankroll it's really easy to win just a little almost every time.  Assume you have $1,025 to play with and you only bet a dollar starting out, $1 $2 $4 $8 $16 $32 $64 $128 $256 $512 -- you'll have to lose TEN BETS in a ROW to finally lose all your money, but before that you'll make a dollar each time, as long as you're only losing NINE in a row, at most.

You can pick up pennies in front of the steamroller like this for a little while until eventually you WILL get that tenth-in-a-row loss, and the steamroller flattens you LOL

[TrueCryptonaire]

If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).

[kurious]

If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).

Gold is being mined all the time - it is rare (on earth) but more will be found, or could be extracted.   

Bitcoin is finite, yes - unless it forks into two 'Bitcoins' over problems which Monero solves....

Monero solves the problem of miners having no incentive to secure the network once all coins are mined, by having a low 'tail emission' which is minimal, but enough to allow for lost coins and the miner / security problem.

To simply say Monero has infinite supply is a little simplistic - as is suggesting we all go to our local bank branch and suggest a Monero ETF to the teller behind the window.

Please think before you type, if you wish people coming here to see that Monero holders are intelligent and think of their coin positively?

[kurious]

http://www.coindesk.com/6-top-trends-coindesks-2017-state-blockchain-report/

Little something about monero.

As Coindesk articles go, it's not too bad:

"Privacy has become an important consideration in blockchain protocols and old and new networks alike are establishing themselves at the forefront of the field.

While some may have sidelined monero as a legacy cryptocurrency, enthusiastic developers like Riccardo Spagni remain evangelistic toward monero and continue to champion its potential, 2016 metrics and current market cap standing in 2017.

Monero now has the sixth largest market cap in the cryptocurrency space, one position above ethereum classic and $20m away from eclipsing litecoin. Developers like Spagni continue to emphasize the sizable increases in monero’s transactional growth over its price, which peaked around $14 in early Q3 2016.

The presumptive explanation for renewed interest in monero is arguably the cultural shift towards privacy on the blockchain, a foundational element of the monero protocol.

Monero’s uniqueness comes from its implementation of a cryptographic tool known as ‘ring signatures’ that allow users to send and receive funds without the transaction details being revealed on the blockchain."

I can live with that

[kurious]

Volume on buy side increasing on Polo/

D-coin is only 200 BTC ahead on daily volume, let's see if we can return to more normal levels...

XMR is WAY oversold, about time for an upwards correction

[smoothie]

If we want to bring Monero to the eyes of the investors with serious money it need to be introduced to them.
Everyone that feels like he want to contribute to this can do so by suggesting Monero to Your local bankers as an asset class in form of a fund.
Bitcoin is introduced as a digital gold bullion but also Monero can fit into the same role (despite the supply of Monero is infinite unlike the supply of gold/bitcoin).

Have you suggested monero to your local bankers?

If so, what was the response?

If not, why haven't you?

[amaral1977]

Would you expect a short term 0.012 BTC?
I´m trying to decide where to go:)