[XMR] Monero Speculation - page 2187.

blaaaaacksuit

sr. member

Activity: 280

Merit: 250

Who cares?

Quote from: dEBRUYNE on August 26, 2014, 12:14:29 PM

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Quote from: dnaleor on August 25, 2014, 07:07:26 PM

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days Wink

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this Undecided

I get the feeling were going to be waiting quite a while for any significant upward movement.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Triple top on the 30 minute chart @ 0.0042 area (strong resistance), support is @ 0.00376 area. It's important that we don't break that level. If anyone has some additional TA feel free to post it.

Quote from: dnaleor on August 25, 2014, 07:07:26 PM

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days Wink

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

We broke this

nioc

legendary

Activity: 1624

Merit: 1008

You made me look at the Dark charts. It hit a low of 2.4 mBTC a week ago as I was leaving for a few days away. XMR also hit a monthly low around the same time and I couldn't help but buy a bit more.

I have no idea where XMR is going for the short term, only the long term.

Although some Dark money might be going to XMR now there are several other places for it to go. Flavor of the moment. Eventually a good portion will end up in XMR.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Nice uptrend at 1h chart. Let's see if this trendline holds in the next few days Wink

edit: with DRK below crucial support at 5.6 mBTC, I think the XMR rally will continue

Jungian

legendary

Activity: 930

Merit: 1010

I'm very pleased that a coin like XMR can hold value in such early stages of development. It will be very interesting to see what will happen once this becomes a little more user friendly.

I will probably continue to buy this coin for the foreseeable future.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: dEBRUYNE on August 25, 2014, 12:09:00 PM

Quote from: vuduchyld on August 25, 2014, 11:33:55 AM

Quote from: dEBRUYNE on August 25, 2014, 10:06:30 AM

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

That's is very nice indeed, but I meant, with most altcoins (except dogecoin), you only see high volume on pump days and dump days. Monero seems to maintain its volume even though it's moving sideways.

Indeed.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: vuduchyld on August 25, 2014, 11:33:55 AM

Quote from: dEBRUYNE on August 25, 2014, 10:06:30 AM

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

That's is very nice indeed, but I meant, with most altcoins (except dogecoin), you only see high volume on pump days and dump days. Monero seems to maintain its volume even though it's moving sideways.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: dEBRUYNE on August 25, 2014, 10:06:30 AM

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

I see +23% in about 72 hours as a pretty good sign, too!

Kyune

sr. member

Activity: 287

Merit: 250

Quote from: Lauda on August 25, 2014, 07:09:58 AM

Quote from: Kyune on August 25, 2014, 03:28:43 AM

I think Monero has two obstacles to overcome before it permanently moves up into a higher price bracket, relative to Bitcoin.

First, Monero will need to definitively put to rest the perception -- whether accurate or not -- that Monero may have a bloat problem, in terms of blockchain size and/or memory usage. This perception has dogged Monero from the beginning and it does Monero no favors.

Second, Monero will need a no frills GUI -- something simple and easy, friendlier than the command line interface. I love me a good CLI. Many don't.

I am confident both of these issues will get addressed. All in good time.

The bloat/blockchain size is not a problem. It will not be a problem in even 5 years, stop with the nonsense. People are getting this wrong (so have I).
Fluffy can throw you some numbers and you will see. I do however see a problem with the memory usage, 3+ GB of RAM is indeed too much. I was forced to close most of my work that I had previously started.
A GUI is necessary for adoption! Many do not like using a console, and even more do not know how to use one.

Just to be clear, I did not say Monero has an actual bloat problem, from a technical perspective. I'm saying, whether or not the "bloat" thing has any merit to it whatsoever, this perception has managed to get out there -- perhaps through a misunderstanding, or through the intentional work of Monero's detractors, I don't know. I guess it is a communications/PR issue at this point. I just know the perception is out there, and that it sometimes turns people off to Monero when they don't look very deeply. Such people -- "new money", if you will -- are not each going to individually contact Fluffy for numbers to address their concerns.

The problem is precisely that "[p]eople are getting this wrong."

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Its About Sharing on August 25, 2014, 08:41:59 AM

Quote from: rpietila on August 25, 2014, 08:30:50 AM

Some of the working strategies include:

- market making (holding both multiple buy and sell orders spaced around the current price) to capture volatility
- buy ladder (having multiple buy orders somewhat apart from each other and periodically delete the lowest and put a new one on top of the highest one)
- in a downtrend, put a small bid in front of every large existing bid, waiting for a dump
- in an uptrend, try to keep your very small order on top of the bids
- in an uptrend, market buy, especially if there is a sell wall nearby so that you can secure a large amount

Thanks. That is very interesting.
I would understand if you don't want to answer this next question - But, have you seen the above transpire? (Might take more than an eye, perhaps some analysis tools of course.)
From my simplistic perspective, it certainly looks like there is a party that is accumulating but I wonder if others have been paying attention to what you posted, and more???
The volume alone is screaming out.

IAS

Volumewise monero has been in the top 10 almost every single day.. I see this as a good sign.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: rpietila on August 25, 2014, 08:30:50 AM

Some of the working strategies include:

- market making (holding both multiple buy and sell orders spaced around the current price) to capture volatility
- buy ladder (having multiple buy orders somewhat apart from each other and periodically delete the lowest and put a new one on top of the highest one)
- in a downtrend, put a small bid in front of every large existing bid, waiting for a dump
- in an uptrend, try to keep your very small order on top of the bids
- in an uptrend, market buy, especially if there is a sell wall nearby so that you can secure a large amount

Thanks. That is very interesting.
I would understand if you don't want to answer this next question - But, have you seen the above transpire? (Might take more than an eye, perhaps some analysis tools of course.)
From my simplistic perspective, it certainly looks like there is a party that is accumulating but I wonder if others have been paying attention to what you posted, and more???
The volume alone is screaming out.

IAS

rpietila

donator

Activity: 1722

Merit: 1036

Some of the working strategies include:

- market making (holding both multiple buy and sell orders spaced around the current price) to capture volatility
- buy ladder (having multiple buy orders somewhat apart from each other and periodically delete the lowest and put a new one on top of the highest one)
- in a downtrend, put a small bid in front of every large existing bid, waiting for a dump
- in an uptrend, try to keep your very small order on top of the bids
- in an uptrend, market buy, especially if there is a sell wall nearby so that you can secure a large amount

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

I'm curious, if you wanted to acquire Monero, considering what the order book looks like, how would you go about doing it?
It seems to me that the relative illiquidity is causing buyers, from what I notice, to spike prices from buying chunks at a time.
As I just mentioned in the Monero Economics thread, I noticed a large 52BTC (or so) buy go through for close to 13,000 Monero. That jacked
the price from .0038 to .0041 and now it is settled at .00388. I'm sure at these prices, in the end, it won't matter much, but I wonder
is this the best way to acquire XMR in relative bulk?

I would try fairly large buy walls at 3% or so below current prices. Has anything similar been happening?
At least I would just have a bot constantly picking up coins in a range, has this happened from your your point of view?
Just trying to learn here.

Its about sharing

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Kyune on August 25, 2014, 03:28:43 AM

I think Monero has two obstacles to overcome before it permanently moves up into a higher price bracket, relative to Bitcoin.

First, Monero will need to definitively put to rest the perception -- whether accurate or not -- that Monero may have a bloat problem, in terms of blockchain size and/or memory usage. This perception has dogged Monero from the beginning and it does Monero no favors.

Second, Monero will need a no frills GUI -- something simple and easy, friendlier than the command line interface. I love me a good CLI. Many don't.

I am confident both of these issues will get addressed. All in good time.

The bloat/blockchain size is not a problem. It will not be a problem in even 5 years, stop with the nonsense. People are getting this wrong (so have I).
Fluffy can throw you some numbers and you will see. I do however see a problem with the memory usage, 3+ GB of RAM is indeed too much. I was forced to close most of my work that I had previously started.
A GUI is necessary for adoption! Many do not like using a console, and even more do not know how to use one.

NapoleonBonaparte

full member

Activity: 176

Merit: 100

Quote from: dEBRUYNE on August 25, 2014, 06:19:44 AM

Around 6.5k support @ 0.004, lets see if this holds!

Got to give it to XMR supporters for being persistence and patient. If they can hold the attitude for a few years and keep working on adding features, may be it will reach 2nd spot in a few years.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Around 6.5k support @ 0.004, lets see if this holds!

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: fluffypony on August 25, 2014, 02:29:15 AM

Quote from: Brilliantrocket on August 24, 2014, 09:02:03 PM

If the community started a fund, would it be possible to hire temporary developers to expedite development of the GUI?

We don't lack the resources (as in highly skilled developers), we lack funds to allow them and us to spend more time on this.

How much is needed for this? Maybe if this was made public it would speed up the donations.

Kyune

sr. member

Activity: 287

Merit: 250

I think Monero has two obstacles to overcome before it permanently moves up into a higher price bracket, relative to Bitcoin.

First, Monero will need to definitively put to rest the perception -- whether accurate or not -- that Monero may have a bloat problem, in terms of blockchain size and/or memory usage. This perception has dogged Monero from the beginning and it does Monero no favors.

Second, Monero will need a no frills GUI -- something simple and easy, friendlier than the command line interface. I love me a good CLI. Many don't.

I am confident both of these issues will get addressed. All in good time.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: Brilliantrocket on August 24, 2014, 09:02:03 PM

If the community started a fund, would it be possible to hire temporary developers to expedite development of the GUI?

We don't lack the resources (as in highly skilled developers), we lack funds to allow them and us to spend more time on this.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: nutildah on August 25, 2014, 01:43:03 AM

What innovations / qualities does XMR possess that raises it from the fray and makes its long-lasting sustainability an investable probability?

Fair launch. Anonymity.

Most people are simple. Those things are more than enough to make Monero a backbone of all honest people's finances. There is very little fair launch and anonymity in the world's fiat systems. Even Bitcoin is largely in the hands of bad guys. Gold and silver cannot be transacted.

Topic: [XMR] Monero Speculation - page 2187. (Read 3312350 times)