[XMR] Monero Speculation

[Cryptobrant]

So the retraction didn't quite hit the 38.2% mark which is an extremely bullish sign.

Right now we're heading back up to the 0.034-0.035 area where we'll likely encounter some mild resistance, but once through that, we should smash through the ATH with relative ease.

Therefore: I'm gonna go slightly higher than aminorex's prediction of 0.06 and call it somewhere between 0.070 and 0.075.

Good luck everybody and fasten your seatbelts.

My oh my...
(EDIT: question about timeframe answered above)

Need some advice:
I haven't cashed out on any wave since we got on Bithumb and this time I'd like to sell when it hits some ATH to buy back lower.
How do you guys proceed? Do you go all-in when it hits high or so you do sell at some steps?

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[coinfoundry]

Any good news on monero for the next days ?
Still a good invest to add some more tokens ?

I'd say this article is pretty good news for Monero.

[Globb0]

XMR/BTC = #One_Love  

[cryptimus prime]

So the retraction didn't quite hit the 38.2% mark which is an extremely bullish sign.

Right now we're heading back up to the 0.034-0.035 area where we'll likely encounter some mild resistance, but once through that, we should smash through the ATH with relative ease.

Therefore: I'm gonna go slightly higher than aminorex's prediction of 0.06 and call it somewhere between 0.070 and 0.075.

Good luck everybody and fasten your seatbelts.

Your price predictions have been mostly, if not always on spot, so I am positively shocked to see how bullish you are and wait optimistically for it to happen.

[aminorex]

I think I'm gonna start using Gingers Bananas afa calling it, Does anyone have a clue why everytime it starts to take off it gets suppressed? you would think on these type spikes shorters would get crushed and fuel the spike but the bears seem to keep the lid on. Or am I missing something?

And there's not much time left to join!

https://bitcointalk.org/index.php?topic=1971415.0

'suppression' talk just makes you sound like a historian conspiracy theorist.  I prefer to say that redistribution into stronger hands is the inevitable consequence of natural profit-taking.  I will admit that I own considerably fewer xmr today than I did 2 years ago, the more fool I, and I would have thought mine to be among the strongest hands out there.  

I have tried to get them all back with market making, but the heavy bias of the jump component to the upside and the relative neutrality of the diffusion component has made that very, very difficult to do without an awfully good timing indicator - better than anything I have been using, certainly.  I need a little RangeDriver sitting on my shoulder.

Then there are cases like Risto....again, his should have been among the strongest of hands, but poor risk management devastated him (from what little I have heard of that conflicted drama).

And let's not forget those like TheKoziTwo, who have top-icked the spikes and scooped up in size when they were cheap, which also has a 'supression' effect (but really is just good market-making taken to a superlative extreme).

It is generally healthier to think of the market as being right by definition - like God, in that sense -  even when it changes it's mind faster than a rooster on acid.  When mcap is over 2bn and there is no facility for naked shorts it really does take both massive cojones and exquisite finesse to suppress and scoop profitably.  I only wish I had such powers.  I am happy, OTOH, to have higher morals - or at least enough respect for the difficulty and risk of the process to simulate higher morals.

[KiXiNiT]

Bag holders turn billionaires in a year and a march to 0.06-7 in a matter of days

Love to have some of this kool aid being passed around in here

We shall see though eh..

[prabakharras]

Traders are going to ride on top of the now upward momentum, expact short term gains friends https://www.coingecko.com/en/price_charts/monero/usd

[Cryptobrant]

Short term predictions before the Bithumb event?

[ankylotic]

Traders are going to ride on top of the now upward momentum, expact short term gains friends https://www.coingecko.com/en/price_charts/monero/usd

monero is such a great coin to watch and i am really hopeful for its future performance and up growth of i think menoro has potential and it will be next big thing in the crypto market. i have almost 200 coins and i am holding them from arround 3 months and it has given me enough profit so, that i am really looking forward to it and waiting for price to rise more.

[johnalan]

What do you make of the comments voiced here:

https://www.reddit.com/r/xmrtrader/comments/6wxh7e/why_i_sold_mine_now/

Are you still expecting 200 by Oct, 1K by March?

Seems very bullish

Those comments are predicated on the notion that all crypto are created equal endowed by their creator with certain natural rights which are common to all but this is not true. In fact all crypto are created very unequal, some endowed with marvelous potential which has yet to be realized, others with Ponzi fatal flaws, many of which have already fallen by the wayside. Monero will not fall by the wayside, because of the capabilities of its community of developers and supporters. Even when a serious flaw in Monero has appeared in the past it is always been dealt with in a disciplined and orderly manner, allowing Monero to overcome hazards which would have rapidly strangled any lesser coin in its crib.

Today 40 XMR make 1 BTC, but when the economic potential of Monero is fully realized 40 BTC may make 1 XMR.  "People" may not care about privacy, although they are fools if so, but they do care about fungibility, whether they know it or not. They also care about extortion, taxation, theft, embezzlement, and kidnapping. Monero protects you against these things while Bitcoin does not.

If I were to produce a physical Bitcoin today the obverse would bear a vivid image of Cazes hanging by his neck in a Bangkok jail cell. So, yes, I am expecting 200 to 300 this  year simply on the basis of speculation discounting future fundamentals, and 1000 sometime next year on the basis of the emergence of a new functioning darknet economy, and furthermore expect fomo to rapidly push that up to 2500 before that bubble pops.

You certainly are eloquent my friend.

Thanks for taking the time to write back to me

[toty888]

Guys I need some help setting bittrex CONDITIONAL. I moved all my funds to bittrex and I wanted to buy some xmr, problem is I can't seem to make conditional option work. What I do is set it when gets <= 135 usdt but... I don't know what to set in the other boxes units? bid? total?

thx!!!!

[amaral1977]

What do you make of the comments voiced here:

https://www.reddit.com/r/xmrtrader/comments/6wxh7e/why_i_sold_mine_now/

Are you still expecting 200 by Oct, 1K by March?

Seems very bullish

Those comments are predicated on the notion that all crypto are created equal endowed by their creator with certain natural rights which are common to all but this is not true. In fact all crypto are created very unequal, some endowed with marvelous potential which has yet to be realized, others with Ponzi fatal flaws, many of which have already fallen by the wayside. Monero will not fall by the wayside, because of the capabilities of its community of developers and supporters. Even when a serious flaw in Monero has appeared in the past it is always been dealt with in a disciplined and orderly manner, allowing Monero to overcome hazards which would have rapidly strangled any lesser coin in its crib.

Today 40 XMR make 1 BTC, but when the economic potential of Monero is fully realized 40 BTC may make 1 XMR.  "People" may not care about privacy, although they are fools if so, but they do care about fungibility, whether they know it or not. They also care about extortion, taxation, theft, embezzlement, and kidnapping. Monero protects you against these things while Bitcoin does not.

If I were to produce a physical Bitcoin today the obverse would bear a vivid image of Cazes hanging by his neck in a Bangkok jail cell. So, yes, I am expecting 200 to 300 this  year simply on the basis of speculation discounting future fundamentals, and 1000 sometime next year on the basis of the emergence of a new functioning darknet economy, and furthermore expect fomo to rapidly push that up to 2500 before that bubble pops.

You certainly are eloquent my friend.

Thanks for taking the time to write back to me

I´m very ignorant in this crypto world, although this one and a half year journey as thought me so much. If i had to choose one "new" word or concept i aquired it´s fungibility. It´s so important and so interesting. I can say i aquired it in this thread. so thanx for the the posters who take their time to atually share knowlegde here.

[Surging Chaos]

Speculation:  There will be XMR billionaires by the end of next year.  Wrap your hear around THAT one.

I'm sure there are those who hold enormous sums of XMR out there, but I don't see how XMR billionaires can happen until Monero starts to approach a market cap in the hundreds of billions.

[hrbt]

Speculation:  There will be XMR billionaires by the end of next year.  Wrap your hear around THAT one.

I'm sure there are those who hold enormous sums of XMR out there, but I don't see how XMR billionaires can happen until Monero starts to approach a market cap in the hundreds of billions.

hehe there will be many millionares

new young people with ideas and knowledge in crypto

[Nathan047]

Speculation:  There will be XMR billionaires by the end of next year.  Wrap your hear around THAT one.

I wouldn’t go that far. I mean even if it quadrupled in price (hitting 600$) then in order for somebody to be a billionaire then they’d need to be holding 250 million dollars worth of Monero. Even if it went 1 thousand times you'd still need a million worth of XMR to become a billionaire.

[Febo]

Short term predictions before the Bithumb event?

Time to the next Bithumb event is getting really short  https://timee.io/20170901T1500    

22 hours to go!!!

[CTTE]

Speculation:  There will be XMR billionaires by the end of next year.  Wrap your hear around THAT one.

I wouldn’t go that far. I mean even if it quadrupled in price (hitting 600$) then in order for somebody to be a billionaire then they’d need to be holding 250 million dollars worth of Monero. Even if it went 1 thousand times you'd still need a million worth of XMR to become a billionaire.

The growth in crypto prices has become much like most other current technology growth in that it is exponential in nature.  So, in many ways we become very short sited and conservative when we look at where we expect prices to be in the near future because based on our experience with most things, we expect grow to be linear. The growth curve goes parabolic and you may have started with $3,000 investment which has maybe grown to 30 times what you invested up to $90,000.  Now if that trend continues which I don't doubt that it will and it grows another 30 times you have $2.7M!  There are many here who have invested anywhere from $10K to $?00K and from an early stage on held onto that stash.  

It is totally conceivable that some are holding 100K to 500k xmr but because it's Monero we can't tell that for sure but, if it were true, tell me how long before that adds up to $1B?

The point is this is exponential in nature NOT linear.

PS. the numbers are examples, I didn't pull actual growth rates.

EDIT: spelling

[SilArt]

The more I read about the crypto, the more I realize that it's about trust. Pick a project with very good tech basis (like Monero) and hold for many years and believe it it. And you will get rewarded.

Who needs zcash privacy when we have monero?

[jwinterm]

I doubt anyone at this point is holding more than 100-200k XMR, in which case the price would have to rise to $5-10k per coin to make them a paper billionaire.

[babygun]

Just bought my first monero after reading all the positive comments on here  .
But also looked up some information about monero and it has some strong and unique features