[XMR] Monero Speculation

[Millionero]

I maybe talking shit through lack of experience

It's not shit talking.  It's speculation.
Sheesh.

A friend of mine always sells his monero at 0.020 and buys back at 0.016 (I guess many do this), he just told me that he sold a few days back. This has been working for a long time. It will be interesting to see if we will go back to those levels or if this is a permanent level increase. The last real level increase (in relation to BTC) was summer of '16.

Man, XMR's rallies are always followed by deep crashes.  Each bottom is only a little higher than the last.  
Just chillax, Monero.

Except when those bottoms are 0.0016 and 0.0058.  For one example  

I know all about it.  I've been in the coin since May 2014.
Actually I think I waited until June to buy and paid about .007, right near the peak of the second pump.
Story of my life.

[Yoonsuh88]

@explorer is there anyway to find out what is going on at bithumb and why XMR/KRW always trade at such a premium? Are there any simple answer to this, or is it much more complex? How hard is it for me to sell 1000XMR on bithumb, send USDT to bittrex, and buy XMR there? Thanks for any response in advance

And I have a colleague from south Korea, who could feasibly help me translate something. I'm also interested.

IMO Koreans are just crazy gamblers, punting on anything that moves.  As yet, I've not come across any, let alone a good explanation.  Being kind of a closed market, arbitrage is very difficult.  If you can figure it out, you will profit.  Be first.

USDT is rarely valued at $1 exactly, so it is a poor measure.  Also Poloniex XMR tether volume is ~10% of the BTC market (which I trade, ergo my measure for price).

Korean here, also a monero holder

lol u guys wouldnt believe how crazy we are. so many stories

you are right, most of us are just clicking buttons and riding the wave.

lmk if u guys have any questions regarding korean market or bithumb

[TheFuzzStone]

Are you trade on goddammit Binance?

https://www.reddit.com/r/binance/comments/7l91jm/monero_withdrawal_is_suspend_more_than_two_weeks/

[aminorex]

Are you trade on goddammit Binance?

https://www.reddit.com/r/binance/comments/7l91jm/monero_withdrawal_is_suspend_more_than_two_weeks/

Probably a good place to get cheap xmr for long term holding.  A super-effective strategy by binance staff to get cheap xmr.

[ultegra]

Anybody else having problems withdrawing xmr from poloniex? My withdrawal has been pending for a couple of hours.

[generalizethis]

Anybody else having problems withdrawing xmr from poloniex? My withdrawal has been pending for a couple of hours.

Some days the XMR withdrawal is shitty. I usually wait 20min and withdrawal something else if it didn't go through.

[Febo]

Anybody else having problems withdrawing xmr from poloniex? My withdrawal has been pending for a couple of hours.

Sometimes specially if is bigger withdrawal and they dont have enough XMR in hot wallet it takes some more time.

I juts noticed Users currently online: 63383. I never saw this many. but also did not put much interest in it since lately exchange was without any lag.  It seems Poloniex did well when stepped off the pedal and let others exchanges to take front rows.

[solias]

Bithumb connects directly to your bank account, making it much easier to fund, which increases the supply of fiat relative to crypto.  Also it is limited to Korean nationals by regulations, so any incoming crypto must come from other Koreans.  Since few Koreans have any crypto, the supply is low.

I have opened a bank account in Korea in order to arb this, but I will still need a trusted local Korean national to comply with the new regulations, so I have not yet begun.  There was one full arb cycle performed a few days ago, using bittrex and bithumb, but the spread is back.  The new regulations broke that loop, presumptively.

I presume that Yoonsuh88 is a drive-by troll account.

We are looking into this as well. My friend's girlfriend is South Korean and he will be in Seoul in two days. There are regulations in place that restrict inbound and outbound capital but we don't have a complete picture yet. If you want more information you can pm me.

[DZRCoins]

This is a new record! It was 478$ today

[Johnzky]

A friend of mine always sells his monero at 0.020 and buys back at 0.016 (I guess many do this), he just told me that he sold a few days back. This has been working for a long time. It will be interesting to see if we will go back to those levels or if this is a permanent level increase. The last real level increase (in relation to BTC) was summer of '16.

is this for real?or should i say effective strategy for trading?now i have learn new to gain profit.but another thought is what if i hold after buying 0.020 for lets say 2 weeks,would i still earn?or may price drop for me to lose?

[rinus]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

[DZRCoins]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

Yes, yesterday was a crazy day, but I think we have to wait

[rinus]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

Yes, yesterday was a crazy day, but I think we have to wait

Anybody an idea why the sudden drop? Profit taking ? Correction?

[johnalan]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

Yes, yesterday was a crazy day, but I think we have to wait

Anybody an idea why the sudden drop? Profit taking ? Correction?

We may go to 150usd before we hit 1k. But I really believe we will see 1k next year.

[Globb0]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

Yes, yesterday was a crazy day, but I think we have to wait

Anybody an idea why the sudden drop? Profit taking ? Correction?

Bitcoin is trying down again

[DZRCoins]

This is a new record! It was 478$ today

Yes, but feels like we go down a bit more it seems. No crazy spikes like yesterday

Yes, yesterday was a crazy day, but I think we have to wait

Anybody an idea why the sudden drop? Profit taking ? Correction?

Bitcoin is trying down again

That's right. We will see this trend not only for XMR, but also for other coins...

[rinus]

Any thoughts or opinions about the recent drop? Entering a bear market for some time now? Or to early to tell?

[btc_caster]

Any thoughts or opinions about the recent drop? Entering a bear market for some time now? Or to early to tell?

It seems to me that this coin has become a bit cheaper due to the general fall of TOP-10 and bitcoin. But soon the market will grow again and bring a good profit. Now you can buy Monero

[Febo]

Any thoughts or opinions about the recent drop? Entering a bear market for some time now? Or to early to tell?

Recent Monero drop is because of yesterday growth.   More drop is because of BTC droping nicely   for two days now. On long term Bitcoin will always drag alts down in USD.      Bitcoin could enter Bear market or not since there are still many patiently waiting to get into crypto. Bear trend will for sure happen in 2018 . When and how long no one can say. There is tiny chance it would not happen at all and Bull trend would continue till  Bitcoin reach maturity.

[Globb0]

Any thoughts or opinions about the recent drop? Entering a bear market for some time now? Or to early to tell?

Its all a matter of relativity. You need to look at a few things in conjunction. Sometimes a drop isnt a drop and a rise inst a rise.