[XMR] Monero Speculation

[razzbee]

I think monero will do well these days because all the ethereum miners i know are now switching to monero

[vince212]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

[kurious]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

Nope, but the actual 'hour' trading opens was not unspecified, I think.  Someone on here posted it may be 00.00 (midnight Sunday) - but on the schematic they put out earlier a time was not shown.

[kurious]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

Nope, but the actual 'hour' trading opens was not unspecified, I think.  Someone on here posted it may be 00.00 (midnight Sunday) - but on the schematic they put out earlier a time was not shown.

Now it says (confusingly):  Listing day of Monero ~ August 30, 2017 (Sun) Midnight

The 30th is now the trading opening, then (but it's not Sunday)  looks like a sloppy change, where they changed the date, left the day of the week the same. 

[vince212]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

Nope, but the actual 'hour' trading opens was not unspecified, I think.  Someone on here posted it may be 00.00 (midnight Sunday) - but on the schematic they put out earlier a time was not shown.

found it. listing will be on aug 30 damn it.

Event 1 . Deposit 1% if you make a deposit!

 Deposit period: 2017.08.25 (Fri) 4:00 pm Payment address Open - 2017.08.28 (Mon) to 12:00 (Noon)

 Trading period 2017.08.28 (Mon) List of Monero  ~ 2017.08.30 (Wed) Midnight

 1% of monetary amount deposited during benefit deposit period

[Proximity Scan]

After bithumb its price will be going up sharply. I decided to buy some monero on bittrex before it gets on Bithumb. We can see 1 monero is equal to 0.1 bitcoin very soon at the beginning of 2018.

[kurious]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

Nope, but the actual 'hour' trading opens was not unspecified, I think.  Someone on here posted it may be 00.00 (midnight Sunday) - but on the schematic they put out earlier a time was not shown.

found it. listing will be on aug 30 damn it.

Event 1 . Deposit 1% if you make a deposit!

 Deposit period: 2017.08.25 (Fri) 4:00 pm Payment address Open - 2017.08.28 (Mon) to 12:00 (Noon)

Trading period 2017.08.28 (Mon) List of Monero  ~ 2017.08.30 (Wed) Midnight

 1% of monetary amount deposited during benefit deposit period

So what is the Trading period on the 28th?  'Invite only behind the scenes trading'?

[Billy Bunter]

See this posting from a Korean speaker. According to him trading starts Monday.

https://www.reddit.com/r/xmrtrader/comments/6w4g85/daily_discussion_saturday_august_26th/dm6on6t/

and here:

https://www.reddit.com/r/xmrtrader/comments/6wb3rr/daily_discussion_sunday_august_27th/dm6zkh2/

[vince212]

Well, it is after midnight and already Monday in SK now...

And no sign of it on Bithumb yet. Still advert on the front page about the '2 Monero events' but I can't see anything else.

found any updates?

Nope, but the actual 'hour' trading opens was not unspecified, I think.  Someone on here posted it may be 00.00 (midnight Sunday) - but on the schematic they put out earlier a time was not shown.

found it. listing will be on aug 30 damn it.

Event 1 . Deposit 1% if you make a deposit!

 Deposit period: 2017.08.25 (Fri) 4:00 pm Payment address Open - 2017.08.28 (Mon) to 12:00 (Noon)

Trading period 2017.08.28 (Mon) List of Monero  ~ 2017.08.30 (Wed) Midnight

 1% of monetary amount deposited during benefit deposit period

So what is the Trading period on the 28th?  'Invite only behind the scenes trading'?

maybe only for those who deposited monero? i dont know.

[Lucidius]

As far as I can tell, it is when the trading period begins for those who deposited. Looks like I was right and it will begin today at 8PM PST / 11PM EST (which would be Mon Noon for them, when the 'Deposit Period' ends) -
 though I did post the possibility it would be Mon 00:00 but looks like it coincides with the deposit period close. Be ready!

The whole point of the 'deposit period' is it gets recorded at the end and those who had Monero in their on-exchange accounts will get 1% bonus deposited at a later time.

It is not specified whether when the deposit period ends and when trading begins, whether or not exchange will no longer accept Monero from the outside - however this is unlikely as I'll point out.

Gambling has a good deal of psychological impact, especially when you introduce player versus player in a more direct sense like we have seen here with these crazy volume pump and dumps.  Put simply, when one of them runs out of Monero because they got outwitted by the market (called the top too early, etc), the gambling FOMO aspect kicks in. Now, the reasonable individual resists this, takes their winnings/cuts losses and leaves. However the unreasonable individual (and I dont know how many there are, but there are a few - and throw in the community/cultural aspect of this) will want to get some more play in. This therefore translates to either them buying back in on the exchange at a possible loss (insane volatility) or seeking more from elsewhere - off exchange - ie more demand - price goes up. Bitthumb has a great incentive to continue to allow deposits during the trading period - more Monero flowing in - probably all week.

More flowing in - more demand for Monero - higher price plain and simple. On top of that of course is the insane trading/dog-eat-dog/gambling that will be ocurring, also driving up the price (see BCH earlier this month)

Right now? I said it before and I'll say it again - they are shaking the weakhands harder and harder as the deadline approaches. I mean, just look at this buy orders on polo. There was some yesterday and last night, but only 2K XMR worth of demand. They are shaking the weak holders, to then buy on the cheap before the real pump happens (and they already have the xmr on-hand)


Price         XMR         BTC            Sum(BTC)
0.02972088   1010.46000000   30.03176040      86.99628648
0.02906097   914.00700000   26.56193001      163.19688182
0.02906096   1009.44953994   29.33557270      192.53245452
0.02880000   1255.60446805   36.16140868      292.44821051
0.02811110   5487.50849273   154.25989999      502.39935896
0.02760000   1538.40610000   42.46000836      589.90495334
0.02650001   1551.09900000   41.10413901      729.93227912
0.02500000   4183.63232841   104.59080821      1019.80412456


yes those XMR bids are in the thousands

Remember tho - the trading starts Mon Noon for them, but goes until Thursday - expect serious highs followed by drops then rises again etc. The main event though - the "Bingham King Trader" event is this next coming weekend for them (essentially the 48 hours of Sat and Sun) and the trading measured then will be what determines their prizes - status, etc.

Of course this is just my understanding and analysis. I would appreciate another set of eyes and thoughts though!



edit - trips get

[Koontas]

Sold my Monero at 0.034. Maybe will buy back lower if it corrects. My long / mid term target prediction is 0.1.

[aminorex]

hate to tell it to you but no one can predict the markets.

Except Rangedriver.  His short term record is enviable. (Inside info, I assume.)  My long term record is good, but often early (which is roughly the same as wrong, from a trading point of view, but close enough to right from an investor's viewpoint).

[Hueristic]

hate to tell it to you but no one can predict the markets.

Except Rangedriver.  His short term record is enviable. (Inside info, I assume.)  My long term record is good, but often early (which is roughly the same as wrong, from a trading point of view).

I sometimes have that early problem as well and I attribute it most of the time to the intentional suppression we see often.

[kurious]

All these excuses for Premature Speculation...   

[Lucidius]

Buy early enough, its so cheap it would not really matter to you to forget it. Then next year, or 2 years later - its like Christmas came around!

[toty888]

Damn I dunno if buy now or wait a few more hours...

[wojak]

Damn I dunno if buy now or wait a few more hours...

I think that's why this forum exists. I will give you a hint, psychology here seems to have a huge influence:

The Marshmallow Experiment - Instant Gratification:
https://www.youtube.com/watch?v=Yo4WF3cSd9Q

Asch's Conformity
https://www.youtube.com/watch?v=sno1TpCLj6A

[toty888]

Damn I dunno if buy now or wait a few more hours...

I think that's why this forum exists. I will give you a hint, psychology here seems to have a huge influence:

The Marshmallow Experiment - Instant Gratification:
https://www.youtube.com/watch?v=Yo4WF3cSd9Q

Asch's Conformity
https://www.youtube.com/watch?v=sno1TpCLj6A

Well thank you hahaha now I'm even more confused!!!!
After watching 1st video I was ready to go and buy but then.... most of you bought xmr which means I shouldn't? o.O

[wojak]

1. be patient
2. do research
3. analyse
4. be consequent
5. do not follow blindly (don't be a sheep)


I would buy now, cause I am sure that it will go at least to 150 soon or if not it will recover even after year or two, but - it may also fall, I know it and I decided that I will not be affraid of this.
But it is based on my own research, if I will loose I will get lesson and will adjust my predictions.

And about marshmallow experiment, read this thread:

"60k Moneroj. Will i be a millionaire by 2017? 19-07-2015, 13:26:25"

https://bitcointalk.org/index.php?topic=1128049.0%3Ball

[Hueristic]

No-one know what will happen except the whales who are doing the the manipulating. What is their profit point? who knows. But when they hit it you find out fast and it's usually to late to do anything about it and the best thing to do is find the bottom buy and wait and wait and wait and wait.