[XMR] Monero Speculation

[elrippos friend]

I doubt the amount because guys like TheKoziTwo were involved earlier than Risto. He created the first Monero exchange and was in a much better position to acquire a such a large amount, but IIRC he indicated he had less than half of that. Buying 700k coins during that time on the open market doesn't seem possible without a massive price run (which never really happened. USD high post Mintpal pump was like $3). And I doubt he was making any significant OTC purchases either. The community wasn't that big at the time.

EDIT: back to speculation. If XMR breaks $110 this week we will be on target to $425 by December.

I'm curious how you arrive at that figure. Has it really been pulled from somewhere the sun don't shine or is there a rational basis for it?

It's a very rough assumption based on past market runs. Monero went from about $3 to $15 last year (5x increase), from about $12 (March 10th) to a high of $60 earlier this year (5x increase), then from $30 on July 16th to $150 (5x increase). So if our last strong support was at $85 then I'm predicting our next 5x run will bring us to $425, which should happen no later than December 15th (45 day interval).

EDIT: Also, the Nov. 1st 2016 run from $4 to $18.5 almost fits the pattern.

I predicted 0,06125 at Dec 18'th 

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[leea-1334]

I'm curious how you arrive at that figure. Has it really been pulled from somewhere the sun don't shine or is there a rational basis for it?

It's a very rough assumption based on past market runs. Monero went from about $3 to $15 last year (5x increase), from about $12 (March 10th) to a high of $60 earlier this year (5x increase), then from $30 on July 16th to $150 (5x increase). So if our last strong support was at $85 then I'm predicting our next 5x run will bring us to $425, which should happen no later than December 15th (45 day interval).

EDIT: Also, the Nov. 1st 2016 run from $4 to $18.5 almost fits the pattern.

That is actually quite a solid analysis, thank you for that. I suspected as much. I only have exactly 1 Monero bought at $60 in the first quarter of this year, so there is little to gain or lose until I am able to stock up more. In any outcome, today it has reached $100 again even though Bitcoin fell and rose to $7400, so I am also very hopeful that it will continue to break a bit of resistance. Definitely feel $85 is the current support. Hope it waits until January before moving past the old ATH, I will have added 2 or 3 coins to my lonely Monero by then!

[EMS-007]

Seems everybody is looking forward for another price hype of Monero in the near future!

[KiXiNiT]

I doubt the amount because guys like TheKoziTwo were involved earlier than Risto. He created the first Monero exchange and was in a much better position to acquire a such a large amount, but IIRC he indicated he had less than half of that. Buying 700k coins during that time on the open market doesn't seem possible without a massive price run (which never really happened. USD high post Mintpal pump was like $3). And I doubt he was making any significant OTC purchases either. The community wasn't that big at the time.

EDIT: back to speculation. If XMR breaks $110 this week we will be on target to $425 by December.

I'm curious how you arrive at that figure. Has it really been pulled from somewhere the sun don't shine or is there a rational basis for it?

It's a very rough assumption based on past market runs. Monero went from about $3 to $15 last year (5x increase), from about $12 (March 10th) to a high of $60 earlier this year (5x increase), then from $30 on July 16th to $150 (5x increase). So if our last strong support was at $85 then I'm predicting our next 5x run will bring us to $425, which should happen no later than December 15th (45 day interval).

EDIT: Also, the Nov. 1st 2016 run from $4 to $18.5 almost fits the pattern.

Price is going to more than quadruple in a little over a month based off? past "patterns" where it happened to grow by 5x? There are no patterns in crypto it isn't that type of market.

$425 in December.. yeah ok It will have done well if it can actually consistently stay above $100 by December but to each their own ~

[starmman]

Seems everybody is looking forward for another price hype of Monero in the near future!

I think it will start in 7-8 days... I'm going to buy some braces

[Billy Bunter]

I doubt the amount because guys like TheKoziTwo were involved earlier than Risto. He created the first Monero exchange and was in a much better position to acquire a such a large amount, but IIRC he indicated he had less than half of that. Buying 700k coins during that time on the open market doesn't seem possible without a massive price run (which never really happened. USD high post Mintpal pump was like $3). And I doubt he was making any significant OTC purchases either. The community wasn't that big at the time.

EDIT: back to speculation. If XMR breaks $110 this week we will be on target to $425 by December.

I'm curious how you arrive at that figure. Has it really been pulled from somewhere the sun don't shine or is there a rational basis for it?

It's a very rough assumption based on past market runs. Monero went from about $3 to $15 last year (5x increase), from about $12 (March 10th) to a high of $60 earlier this year (5x increase), then from $30 on July 16th to $150 (5x increase). So if our last strong support was at $85 then I'm predicting our next 5x run will bring us to $425, which should happen no later than December 15th (45 day interval).

EDIT: Also, the Nov. 1st 2016 run from $4 to $18.5 almost fits the pattern.

This article gives some support to your analysis, especially here:

"Each prior peak of DEUV will pale in comparison to the following peak in DEUV, creating an ever refreshing J-curve. That J-curve will be composed of many micro J-curves, the periodicity of which is still being determined"

See: https://medium.com/@cburniske/the-crypto-j-curve-be5fdddafa26

[tigervn]

Monero is a very good altcoin. It is always in the top altcoin with the largest trading volume of the day. It is well known and supported by the community. Investing in Monero is an accurate thing.

[Hueristic]

Yeah, that happened to me on a large Eth short in the past. Ate all my profits from holding that short for a month and a half. I closed when I broke even and then it dumped like mad, shit my timing sux!

Sucks it happened to you in that case but I'm okay with burning xmr shorters.

Oh, I am as well it just seems to happen when I'm over extended elsewhere and can't take advantage. It's all in the timing and mine just blows! I cannot discern any rhyme or reason behind the timings and always move to early and watch my romero's lose a large percentage while the sorters make cake and just get even when the shorters get squeezed. Since Alphabay I have not been able to predict the timing correctly at all when previous to that out of the blue movement I was almost always spot on.

[Bessta]

I think investing in monero now is just fine. Basted on its price movements from the last months it is consistent and its becoming popular everyday.  Next to ETH,  monero is the next altcoin i support  and in due time,  i will invest in monero.

[aminorex]

genocide

"Asking 'What good is privacy?' if you have nothing to hide is like asking 'What good is free speech?' when you have nothing to say."

If you think the fundamental human right to privacy is important enough to kill or die for then you should certainly be willing to get rich for it.  (That would include anyone who took an oath to defend the Constitution of the U.S. from all enemies, foreign and domestic.)

[generalizethis]

genocide

"Asking 'What good is privacy?' if you have nothing to hide is like asking 'What good is free speech?' when you have nothing to say."

If you think the fundamental human right to privacy is important enough to kill or die for then you should certainly be willing to get rich for it.  (That would include anyone who took an oath to defend the Constitution of the U.S. from all enemies, foreign and domestic.)

Most guys will figure out they have things they want to keep private, or their wife's divorce attorney will figure it out for them 

[garytheasshole]

genocide

"Asking 'What good is privacy?' if you have nothing to hide is like asking 'What good is free speech?' when you have nothing to say."

If you think the fundamental human right to privacy is important enough to kill or die for then you should certainly be willing to get rich for it.  (That would include anyone who took an oath to defend the Constitution of the U.S. from all enemies, foreign and domestic.)

Most guys will figure out they have things they want to keep private, or their wife's divorce attorney will figure it out for them 

I'd love to see a billboard that reads "Getting divorced? SHUM! Should Have Used Monero"

[generalizethis]

Bitcoin rising

InB4 NoMore

[mitkos1]

No segwit2x, that's the reason behind btc rise

https://twitter.com/CharlieShrem/status/928308237597888512?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

[noHeine]

genocide

http://img.stanleylieber.com/src/12513/img/small.1319479342.jpg

"Asking 'What good is privacy?' if you have nothing to hide is like asking 'What good is free speech?' when you have nothing to say."

If you think the fundamental human right to privacy is important enough to kill or die for then you should certainly be willing to get rich for it.  (That would include anyone who took an oath to defend the Constitution of the U.S. from all enemies, foreign and domestic.)

Most guys will figure out they have things they want to keep private, or their wife's divorce attorney will figure it out for them 

I'd love to see a billboard that reads "Getting divorced? SHUM! Should Have Used Monero"

sorry for the useless post but that one gave me a good laugh!

[mnemonicsoup]

Re s2x: Wow, If I had known that was coming I would have bought BT1 heavily.  (For the curious, I am staying near the Canadian border now, having left NYC in May.) Now that there is no split bonus pending, we will get some real price discovery.  That should be alt-positive.

I hope you sold those B2X futures on time.

Overall, this seems to be a positive thing. Less uncertainty and more trust into the Cryptosphere.

[starmman]

Re s2x: Wow, If I had known that was coming I would have bought BT1 heavily.  (For the curious, I am staying near the Canadian border now, having left NYC in May.) Now that there is no split bonus pending, we will get some real price discovery.  That should be alt-positive.

I hope you sold those B2X futures on time.

Overall, this seems to be a positive thing. Less uncertainty and more trust into the Cryptosphere.

Looks like BTC price is going to take a bit of a dent - I don't think it'll be huge though - good news for Alt markets today - glad I was stocking up on XMR these last few weeks =)

[walonek]

the future is looking very bright for monero, put on your sun glasses guys  

Interesting set of words coming out of Moon Man, but I agree to some degree and would like to quote gicafranaru from reddit
"...most of the people hiding money in tax heaves do so to avoid paying somewhere around 10-50% tax on their money. No sane rich person would put all his hidden money in cryptocurrencies for now, the volatility risk is way bigger than the tax they would have to pay in their home country. Cryptocurrencies will be considered as alternatives when they mature, and volatility will drop to an accepted level of risk."

So we still have a hill to climb. Another good one for this occasion: "We are on top of the mountain and we are only half way there".

Considerating that the crypto volatility tends to be like plus 100% every 4 months I can see this process self sustanly accelerating. So let´s say they only try with 1% of his hidden money at the beginning. Crypto also has this natural addictive property and snowball effect.

If you consider as well that global economy is about to totally and catastrophically collapse sometime in the coming 24 to 48 months it seems like we have the perfect storm ahead

Someone here said i made meme analysis. But when it is good meme analisis is it good meme analisis ? LOL cryptohypocrite community. Your hands gonna hurt when falling knives will cut

[yuhanongabor]

Just fck all haters ==> Monero = Privacy

It's the only one and the best one. The people here who are talking shit just missed buying Monero at a good price and now they are salty and mad. Sad if your portfolio is full of shitcoins.

Looking forward for the upcoming update ... We need more news like the paradise papers so people finally realize that it's worth investing in privacy! And for this topic Monero is the best solution!

Enjoy mates!

[garytheasshole]

the future is looking very bright for monero, put on your sun glasses guys  

Interesting set of words coming out of Moon Man, but I agree to some degree and would like to quote gicafranaru from reddit
"...most of the people hiding money in tax heaves do so to avoid paying somewhere around 10-50% tax on their money. No sane rich person would put all his hidden money in cryptocurrencies for now, the volatility risk is way bigger than the tax they would have to pay in their home country. Cryptocurrencies will be considered as alternatives when they mature, and volatility will drop to an accepted level of risk."

So we still have a hill to climb. Another good one for this occasion: "We are on top of the mountain and we are only half way there".

Considerating that the crypto volatility tends to be like plus 100% every 4 months I can see this process self sustanly accelerating. So let´s say they only try with 1% of his hidden money at the beginning. Crypto also has this natural addictive property and snowball effect.

If you consider as well that global economy is about to totally and catastrophically collapse sometime in the coming 24 to 48 months it seems like we have the perfect storm ahead

Someone here said i made meme analysis. But when it is good meme analisis is it good meme analisis ? LOL cryptohypocrite community. Your hands gonna hurt when falling knives will cut

Go ahead, short Monero now, I dare you. The only people getting slaughtered by knifes now are shorters. And you're still just a useless troll.