[XMR] Monero Speculation

[eizh]

But you need to decide why you are invested, if the reasons are the same.  Stay.

Yep, this is Buffet's advice that's universally applicable to any asset. You can get out, but it's also hard to catch a rise, if and when it happens. Alts wouldn't be fun otherwise.

[rdnkjdi]

But you need to decide why you are invested, if the reasons are the same.  Stay.

Yep, this is Buffet's advice that's universally applicable to any asset. You can get out, but it's also hard to catch a rise, if and when it happens. Alts wouldn't be fun otherwise.

I don't know that Warren Buffet is really applicable to altcoins ... seems rather ironic.

[eizh]

I don't know that Warren Buffet is really applicable to altcoins ... seems rather ironic.

It just follows from the unpredictability of market movements - doesn't have anything to do with individuals, or the type of asset, or any associated politics.

[TrueCryptonaire]

i am an idiot i am losing so much money on this

this is where the weak hands lose.

The problem is Monero is massively mispriced currently.
Whales are not supporting it (rather getting out of it).
I do not see any other problem but the price is just too high to keep up the daily emission since the whales are not eating it.
I think Monero could stabilize around 0.0005 btc which is fairer price. Let's see from there if they are able to do something real and we might see some uptrend from there.

[rangedriver]

People fudding XMR in anticipation of the Cryptsy pump should be ashamed.

[TrueCryptonaire]

People fudding XMR in anticipation of the Cryptsy pump should be ashamed.

LOL 

People buying in cryptsy pump should be ashamed IMO.

My advice is to find the equilibrium price for the coin and not to pump it artificially.
When the equilibrium price has been discovered, then it is time to start accumulating and the price will be able to start rising.
If the price is too high for the absorbing the coins, then the price keeps falling, if the price is too low (meaning: there is more demand than the miners can supply at the price, the price will rise).

Personally I will start my buying at 0.0005 levels and see if it is too high or too low.

[rangedriver]

People fudding XMR in anticipation of the Cryptsy pump should be ashamed.

LOL  

People buying in cryptsy pump should be ashamed IMO.

My advice is to find the equilibrium price for the coin and not to pump it artificially.
When the equilibrium price has been discovered, then it is time to start accumulating and the price will be able to start rising.
If the price is too high for the absorbing the coins, then the price keeps falling, if the price is too low (meaning: there is more demand than the miners can supply at the price, the price will rise).

Personally I will start my buying at 0.0005 levels and see if it is too high or too low.

You know as well as I it will never reach those levels.

Like I said:-

People fudding XMR in anticipation of the Cryptsy adoption should be ashamed.

Period.

[TrueCryptonaire]

People fudding XMR in anticipation of the Cryptsy pump should be ashamed.

LOL  

People buying in cryptsy pump should be ashamed IMO.

My advice is to find the equilibrium price for the coin and not to pump it artificially.
When the equilibrium price has been discovered, then it is time to start accumulating and the price will be able to start rising.
If the price is too high for the absorbing the coins, then the price keeps falling, if the price is too low (meaning: there is more demand than the miners can supply at the price, the price will rise).

Personally I will start my buying at 0.0005 levels and see if it is too high or too low.

You know as well as I it will never reach those levels.

Like I said:-

People fudding XMR in anticipation of the Cryptsy adoption should be ashamed.

Period.

Okay, then it is time to unload coins if there will be Cryptsy pump. Similar as it gave nice dumping opportunity to dump at Mintpal pump.

[TrueCryptonaire]

It's academic anyway. Risto just dumped.

Game over.

It is better let the price find a realistic point from where the community is able to absorb the coins.
Personally I am not quit supporting Monero but I am not a buyer at the moment neither since I do not see it realistic to be able to absorb the emitted coins.
The markets should find the equilibrium price where we are able to buy the coins. When the block reward starts decreasing and some serious development done, the coin will skyrocket. But it will take a while and until then we need to be able to absorb the coins. It is unrealistic to absorb them at this high prices.

[rpietila]

It's academic anyway. Risto just dumped.

If you had been here in June, you would know that the wall was mine, put there to fulfill my promise from that time.  so got dumped into is the right wording.

That we agree that price is not in perfect condition (there is no utility without price, so the academicians can enlarge their anus to make their head better fit in).

Everyone knows that alts, even good ones, are a risky business. What are the great positives for Monero, right now:

- CryptoKingdom
- The devteam is still there, still doing things right
- Once emission consensus is reached, whatever the decision, the result is positive and uncertainty goes away
- Like Bitcoin, unlike almost all the other coins, Monero is constantly being followed by people who could buy all of them at this price. It is our job to make it worth getting invested, and they have been smart not to pick the falling knife. I have been smart also to eat the losses so far, and prepare for the turnaround. Imo the turnaround should happen rather soon than late, to not lose community, but people who sell out at the absolute bottom are not worth keeping anyway, and a baggage important providers of liquidity in the following rise.

Reminds me of Bitcoin in fall-2011.

[TrueCryptonaire]

It's academic anyway. Risto just dumped.

If you had been here in June, you would know that the wall was mine, put there to fulfill my promise from that time.  so got dumped into is the right wording.

That we agree that price is not in perfect condition (there is no utility without price, so the academicians can enlarge their anus to make their head better fit in).

Everyone knows that alts, even good ones, are a risky business. What are the great positives for Monero, right now:

- CryptoKingdom
- The devteam is still there, still doing things right
- Once emission consensus is reached, whatever the decision, the result is positive and uncertainty goes away
- Like Bitcoin, unlike almost all the other coins, Monero is constantly being followed by people who could buy all of them at this price. It is our job to make it worth getting invested, and they have been smart not to pick the falling knife. I have been smart also to eat the losses so far, and prepare for the turnaround. Imo the turnaround should happen rather soon than late, to not lose community, but people who sell out at the absolute bottom are not worth keeping anyway, and a baggage important providers of liquidity in the following rise.

Reminds me of Bitcoin in fall-2011.

Most likely it wasn't you who dumped it, I believe you this since your wall has been for a long time there (however it got squeezed from 100 to 90 and finally 80 btc before it got dumped - this happened within longer period of time).

However the problem is that the Monero simply started waaay too high. Better to start from low and then rise little by little by making higher highs little by little as I suggested to you on Facebook.
In general without some exceptions, investors tend to like bull markets instead of bear markets.
Bear markets make investors frustrated and the frustration shakes weak hands from the markets.

I am still Monero bagholder but as I said, this price I am not buying it currently. I might flipflop but now it just looks too bad for buying.

[rdnkjdi]

I wonder what the market knows about that we don't right now. 

[rpietila]

If you had been here in June, you would know that the wall was mine, put there to fulfill my promise from that time.  so got dumped into is the right wording.

Most likely it wasn't you who dumped it, I believe you this since your wall has been for a long time there (however it got squeezed from 100 to 90 and finally 80 btc before it got dumped - this happened within longer period of time).

The squeeze I don't see as breaking the promise, becuase it was used as putting bids higher. All in all, my position has increased by more than BTC100 during the time it's been sub-002.

However the problem is that the Monero simply started waaay too high. Better to start from low and then rise little by little by making higher highs little by little as I suggested to you on Facebook.
In general without some exceptions, investors tend to like bull markets instead of bear markets.
Bear markets make investors frustrated and the frustration shakes weak hands from the markets.

I am still Monero bagholder but as I said, this price I am not buying it currently. I might flipflop but now it just looks too bad for buying.

The problem for some people is that they are way overinvested. I have advocated putting half to crypto and of that, half to Monero, and this (25% of investment worth in Monero) is imho an absolute max for only the most risk-taking ones and only if the investment worth is rather small.

Those who followed my advice, definitely feel the pain (for BTC and esp for XMR). But the ones who put 100% in Monero at 0.004 definitely feel more pain

No pain, no realistic chance of stellar gains, though 

Due to Monero's slide, it's become smaller and smaller percent of my portfolio, and I am only one of the quite many (some of whom I know, some of whose existence I know without knowing the identity) people who make calculated bets with Monero. It's even frustrating to be one (or even The) main cheerleader, when bigger players exist in the shadows and sidelines.

So yes, it is still in whale hands. Bagholder-whale hands 

[mmortal03]

Due to Monero's slide, it's become smaller and smaller percent of my portfolio, and I am only one of the quite many (some of whom I know, some of whose existence I know without knowing the identity) people who make calculated bets with Monero. It's even frustrating to be one (or even The) main cheerleader, when bigger players exist in the shadows and sidelines.

So yes, it is still in whale hands. Bagholder-whale hands 

Time to rebalance that portfolio, don't ya think? Something a la The Permanent Portfolio (Harry Browne)?

[rpietila]

Due to Monero's slide, it's become smaller and smaller percent of my portfolio, and I am only one of the quite many (some of whom I know, some of whose existence I know without knowing the identity) people who make calculated bets with Monero. It's even frustrating to be one (or even The) main cheerleader, when bigger players exist in the shadows and sidelines.

So yes, it is still in whale hands. Bagholder-whale hands 

Time to rebalance that portfolio, don't ya think? Something a la The Permanent Portfolio (Harry Browne)?

Buy more XMR? It must have escaped your notice that I just bought 50k today 

[Febo]

It is better let the price find a realistic point from where the community is able to absorb the coins.
Personally I am not quit supporting Monero but I am not a buyer at the moment neither since I do not see it realistic to be able to absorb the emitted coins.
The markets should find the equilibrium price where we are able to buy the coins. When the block reward starts decreasing and some serious development done, the coin will skyrocket. But it will take a while and until then we need to be able to absorb the coins. It is unrealistic to absorb them at this high prices.

reward is decreasing daily. it is going under 13 XMR soon.  daily emission is now 18.500 coins, by current price that is 27.7 BTC.

Daily emission drops so fast. only few months ago was way over 20k. So pretty soon there will be way to little coins searching for a new home.

Monero need just more of use, and solid database is first step to get there. And developer knew that in May and are working on it from that moment.

All or at least most that bought Monero in past at higher rate, knew that there is a possibility Monero will get some use, when filling the anonymity niche of crypto currencies.

[BitmoreCoin]

If we find some use for XMR, the price is supported.

[dEBRUYNE]

Crossposting this:

https://bitcointalk.org/index.php?topic=393147

Vote for Monero please.

[silencesilence]

Crossposting this:

https://bitcointalk.org/index.php?topic=393147

Vote for Monero please.

Done!

[smooth]

reward is decreasing daily. it is going under 13 XMR soon.  daily emission is now 18.500 coins, by current price that is 27.7 BTC.

Daily emission at 13 XMR is 18720 so it is higher than that now. 18500 is incorrect.