[XMR] Monero Speculation

[rinus]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

[Millionero]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

Less volatility were a good thing.
The rockets we rode before all crashed.

[CTTE]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I'm not sure... I think the Koreans may have something to say about that.

[Millionero]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I'm not sure... I think the Koreans may have something to say about that.

I don't understand Korean, so I'll just keep an eye on the smoke signals.

[aminorex]

Would someone please run the arb between bittrex and poloniex?  All that money on the table, ignored, makes me twitchy.

Also, for those wishing to constructively dispose of some of their newfound wealth, I recommend https://www.fmsc.org .

[presearch]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.

More and more investors notice it.

[cAPSLOCK]

Would someone please run the arb between bittrex and poloniex?  All that money on the table, ignored, makes me twitchy.

Also, for those wishing to constructively dispose of some of their newfound wealth, I recommend https://www.fmsc.org .

A good work.  I will be giving.

[Celebrity]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.

More and more investors notice it.

I really couldn't understand the reason behind monero's success. I was targeting $200 for monero and I already sold my holdings before we get there and after all, it reached and passed $300. This is big.

[fromholland]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.

More and more investors notice it.

I really couldn't understand the reason behind monero's success. I was targeting $200 for monero and I already sold my holdings before we get there and after all, it reached and passed $300. This is big.

Same here, I sold just before $200 to buy back in the dip I expected, but then it shot straight on to $300..

[Globb0]

Sounds like you fell for the wannawank bs

Listen to those that know best. And look at the emissions.

= no brainer

[starmman]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.

More and more investors notice it.

I really couldn't understand the reason behind monero's success. I was targeting $200 for monero and I already sold my holdings before we get there and after all, it reached and passed $300. This is big.

Same here, I sold just before $200 to buy back in the dip I expected, but then it shot straight on to $300..

Price is all over the place today - you may be lucky enough to get your dip again. The market can't make its mind up...

[Febo]

It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over  ( for now ) ?

I rather hope it is a long stable rise, XMR is one of my favourite coins and have huge potential.

More and more investors notice it.

I really couldn't understand the reason behind monero's success. I was targeting $200 for monero and I already sold my holdings before we get there and after all, it reached and passed $300. This is big.

Same here, I sold just before $200 to buy back in the dip I expected, but then it shot straight on to $300..

You should monitor more. This project took $1 million if i am not mistaken. Everyone was expecting it before Christmas. and sort for Globee was sponsor of some meeting tomorrow and on their Twitter they announced they have a big news. so all that monitored Monero should know.

On general we see that development itself dont drive price up. But I guess helps it stay up. What drives price up are wider adoption and marketing. What Bithumb did and now Project Coral Reef.    My point is that those that expect that price of Monero will go x3 because of HW and multisig might be disappointed. But we all know that that is more important then Project Coral Reef or listing on Bithumb.


We had $650 millions of volume what is way more then in past but. I am sure in BTC is not that much more then old biggest volumes. We need to understand that BTC is now almost 20 times more then a year ago.  and at least on Poloniex price was hitting 0.0225 but just could not break over it.

[aminorex]

I won't believe this ramp is over until Korean and Japanese buying declines.  But... At these prices it takes 1.12 mmUSD to soak up the total daily mining output, and I don't see any reason for miners to retain returns, except speculation - and miners and speculators are almost non-overlapping sets at these price/difficulty ratios.  The more profitable mining becomes relative to other coins, the more mercenary and short-sighted the marginal miner becomes.  

I think if net flows from East Asia drop below roughly 1.5 mmUSD/diem, then we will top out, and draw down as first levered longs, then overextended broke-ass short-sighted dumb money get shaken out.  It usually drops to near the level of the preceeding ATH - Nov 11th, which is a 50% retracement from our current price - before smart money comes in and puts a floor under the price.  Consolidation, catalyst, creep, climb, and crash.  Rinse, repeat.  As in Bitcoin, so in Monero...until you start hearing about Monero every day on CNBC.  You probably want to sell a substantial fraction at that point.  

Anyhow, I have no easy way to measure Asian money flows right now, so I won't be calling this one.  

[buntyboy]

So who really knows what this latest price spike is attributed too?

We have the following:
https://www.forbes.com/sites/laurashin/2017/12/05/cryptocurrency-monero-to-be-accepted-by-45-musicians-such-as-mariah-carey-g-eazy-sia-for-holidays/#471e54dd7885
http://jeffq.com/blog/on-the-linkability-of-zcash-transactions/
or
Bullet Proofs and Scalabilty
https://www.reddit.com/r/Monero/comments/7hbfal/20171203_monero_dev_meeting_summary_and_logs/

We have user growth, no real competitors and technical fundamentals.  

What I do know is that the networking effect is kicking in and we are now in the same user growth phase as both Bitcoin and Ethereum during the Reddit 30K to 80K subscriber phase.

http://redditmetrics.com/r/Monero
http://redditmetrics.com/r/Bitcoin
http://redditmetrics.com/r/Ethereum

Price appreciation has been around 800% in this phase in a very short time frame:
Bitcoin 8 Months
Ether 4 Months

I'm predicting a $1K price in a very short period. Probably the end of March when we historically have our highs. I'm guessing we will have a protracted pullback after that.

For the first time in 4 years, I'm having problems withdrawing XMR from Polo. Same as Ether when it took off!

Good times ahead!  

[owlcatz]

I had a Polo withdrawal sit all  night long in pending status. tried 4 more times since, nothing. BTC withdraws just fine. Not making me happy.  

[HODL to the moon]

Privacy coins will rise a lot, and XMR hasn't move much since January basically, since it was still trading in the 0.16 range for a long time, now we see some movement in the 0.22 area finally.

[buntyboy]

I had a Polo withdrawal sit all  night long in pending status. tried 4 more times since, nothing. BTC withdraws just fine. Not making me happy.  

Yeah, I've been withdrawing everyday for a while at my limit and no problems. Problems started about 2 days ago.
I'm thinking I'll need to convert to BTC and Shapeshift once its out. It's then abou short term timing. Grrrrr


 

[owlcatz]

I had a Polo withdrawal sit all  night long in pending status. tried 4 more times since, nothing. BTC withdraws just fine. Not making me happy.  

Yeah, I've been withdrawing everyday for a while at my limit and no problems. Problems started about 2 days ago.
I'm thinking I'll need to convert to BTC and Shapeshift once its out. It's then abou short term timing. Grrrrr

Ouch, won't you lose XMR doing that? Well look at this way - we are not alone, so that's probably a good sign. Hopefully they fix the hotwallet asap, this is getting silly. 

[solias]

I won't believe this ramp is over until Korean and Japanese buying declines.  But... At these prices it takes 1.12 mmUSD to soak up the total daily mining output, and I don't see any reason for miners to retain returns, except speculation - and miners and speculators are almost non-overlapping sets at these price/difficulty ratios.  The more profitable mining becomes relative to other coins, the more mercenary and short-sighted the marginal miner becomes.  

I think if net flows from East Asia drop below roughly 1.5 mmUSD/diem, then we will top out, and draw down as first levered longs, then overextended broke-ass short-sighted dumb money get shaken out.  It usually drops to near the level of the preceeding ATH - Nov 11th, which is a 50% retracement from our current price - before smart money comes in and puts a floor under the price.  Consolidation, catalyst, creep, climb, and crash.  Rinse, repeat.  As in Bitcoin, so in Monero...until you start hearing about Monero every day on CNBC.  You probably want to sell a substantial fraction at that point.  

Anyhow, I have no easy way to measure Asian money flows right now, so I won't be calling this one.  

why drop out at that point? long-term, I see it as a strong hedge against the fiat-denominated portion of my portfolio.

[buntyboy]

I had a Polo withdrawal sit all  night long in pending status. tried 4 more times since, nothing. BTC withdraws just fine. Not making me happy.  

Yeah, I've been withdrawing everyday for a while at my limit and no problems. Problems started about 2 days ago.
I'm thinking I'll need to convert to BTC and Shapeshift once its out. It's then abou short term timing. Grrrrr

Ouch, won't you lose XMR doing that? Well look at this way - we are not alone, so that's probably a good sign. Hopefully they fix the hotwallet asap, this is getting silly. 

Fiat Price appreciation is killing me. I started withdrawing @ $80 and now $268. My fiat balance is still more than when I started withdrawing.  

Removing some of the 3rd party risk may be worth the couple of % cost of withdrawing with BTC.