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Author Topic: [XMR] Monero Speculation  (Read 3312246 times)
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Globb0
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November 07, 2017, 10:54:07 PM
 #33961

Well who the hell has so many moneros that they are willing to loan them out for tiny fractions of a percent on the exchanges?  I mean what is the point...to acquire even more on the cheap?


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November 07, 2017, 11:36:02 PM
 #33962

Haha. I guess eventually the rates will skyrocket and one could take advantage of the auto renewals of the shorters...
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November 08, 2017, 12:06:43 AM
 #33963

Who flagged my post and got it deleted? And why? Anyone else having perfectly innocuous posts deleted by mods? Very strange.

I get short posts deleted all the time, since they are just quick replys I don't mind. they are usually off topic.


Now how would this extend say to the monero's I bought with btc that are still on said exchange? Hmm

Haha. I guess eventually the rates will skyrocket and one could take advantage of the auto renewals of the shorters...

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! Cheesy

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November 08, 2017, 12:10:37 AM
Last edit: November 08, 2017, 12:28:21 AM by Johnny Mnemonic
 #33964

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.
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November 08, 2017, 12:20:35 AM
 #33965

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).

I like Keanu's reasoning!
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November 08, 2017, 12:25:40 AM
 #33966

Quote
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! Cheesy
Sucks it happened to you in that case but I'm okay with burning xmr shorters.
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November 08, 2017, 12:43:29 AM
 #33967

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.

Interesting analysis. Thank you.

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November 08, 2017, 02:38:43 AM
 #33968

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.

According to that data, we should hit several thousand dollars next year.
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November 08, 2017, 04:03:06 AM
 #33969

Did I mention that masses does not price privacy? Did i mention that masses price SECURITY?
First of all, many people do value privacy. Second, why not have both (like in the case of Monero).


--
Privacy is not priced... Ask your neighbour - "if you have nothing to hide, why to hide?" - regular answer.
The Germans kept records of people’s ethnicity and religion. Guess how Hitler used it (in case you’re a bad guesser: he used it to track down Jews).

It goes a lot further than this. There was very sophisticated data analytics behind the Holocaust involving IBM punched cards and tabulating machines. In fact one could actually argue that the Holocaust was powered by punched cards and tabulating machines. To anyone who believes that privacy has no value I highly recommend Edwin Black IBM and the Holocaust http://www.ibmandtheholocaust.com/ A list of "consumers of kosher food in continental Europe" may sound innocent enough after all it is only going to be used to target relevant adds for groceries to those who have a particular interest in purchasing kosher food, thereby enhancing their consumer experience. Now time shift this list by 80 years and one has a critical component for mass genocide.

Now I am not saying that Monero may prevent a future genocide; however if all it does is gum up the gears of genocide, by denying the machinery of genocide the data it craves, then Monero has the potential to save millions of lives.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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November 08, 2017, 04:04:53 AM
 #33970

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.

According to that data, we should hit several thousand dollars next year.

Along with $20K BTC, it wouldn't be shocking.  Shit's gonna get interesting, that's for sure.

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November 08, 2017, 06:05:55 AM
 #33971

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  Grin Smiley

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November 08, 2017, 08:06:23 AM
 #33972

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!

.
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.....I AM BLACKJACK.FUN.....
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November 08, 2017, 08:49:39 AM
 #33973

Seems everybody is looking forward for another price hype of Monero in the near future! Wink
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November 08, 2017, 09:04:42 AM
 #33974

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 Roll Eyes It will have done well if it can actually consistently stay above $100 by December but to each their own ~

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November 08, 2017, 11:18:05 AM
 #33975

Seems everybody is looking forward for another price hype of Monero in the near future! Wink
I think it will start in 7-8 days... I'm going to buy some braces
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November 08, 2017, 12:01:17 PM
 #33976

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

Baguette Holder.
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November 08, 2017, 12:28:12 PM
 #33977

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.
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November 08, 2017, 02:00:55 PM
 #33978

Quote
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! Cheesy
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. Smiley 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.


“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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November 08, 2017, 02:36:32 PM
 #33979

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.

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November 08, 2017, 02:53:15 PM
 #33980

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.)


Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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