This low point has been touched a couple of times in the past as marked on my crude chart above.
It will be very interesting to see what'll happen. I haven't followed fundamentals much.
Any predictions?
Topic: [AUR] Auroracoin market observer (Read 8408 times)
AUR has reached historical bottom valuations of BTC 0.00008
This low point has been touched a couple of times in the past as marked on my crude chart above.
It will be very interesting to see what'll happen. I haven't followed fundamentals much.
Any predictions?
This low point has been touched a couple of times in the past as marked on my crude chart above.
It will be very interesting to see what'll happen. I haven't followed fundamentals much.
Any predictions?
I've been following the market the last few weeks. Some observations:
* BTC price is up ~30% since the start of the year.
* USD price kept steady around 0.11 USD (+/- 0.02USD)
* The support wall at 12k sat. hasn't been touched since it has been placed a few weeks ago and support has been building up above it. Liquidity has been improved since November/December.
I think this is a good basis for some nice growth this year.
* BTC price is up ~30% since the start of the year.
* USD price kept steady around 0.11 USD (+/- 0.02USD)
* The support wall at 12k sat. hasn't been touched since it has been placed a few weeks ago and support has been building up above it. Liquidity has been improved since November/December.
I think this is a good basis for some nice growth this year.
@nycafuse and @biomike: thanks for the info.
I also appreciate the recent dump. The sooner stolen coins get into better hands, the better. It also stopped the hype-based (on false hopes) rallye in its tracks, which is also a good thing. In addition I agree: it's good to be able to replenish ones stash at low prices.
I don't know about it all - and to be honest I do care little - I did appreciated the last dump. Lot of people (including me) got some cheaper coins - and the market reacted very fast. Don't know a lot of coin that would be able to absorb such hit without any damage. It suck that stolen coins are out there, but as soon as someone drop these coins, this a treat disapearing. I would jail this fucker - but there is little we can do - and you know we tried.
I also appreciate the recent dump. The sooner stolen coins get into better hands, the better. It also stopped the hype-based (on false hopes) rallye in its tracks, which is also a good thing. In addition I agree: it's good to be able to replenish ones stash at low prices.
Yes, that wallet is me. I've moved some coins from the market, as it seems that it makes people nervous.
So, I've been lazily observing that one huge account on bittrex.
It used to have around around 160 kAUR in it on the way down to 0.00014 BTC/AUR.
Now it has 260 kAUR in it:
I don't know how that happened. Did he buy those 100,000 or was it another transfer?
I still don't know wether or not it's true this account got filled with stolen coins, but I'm pretty sure it was the one used for dumping on us when we had that last rally end of October.
Not to spread fear, but I'm a little worried we might see another dump.
So any opinions / facts about this account and who/what's behind it?
It used to have around around 160 kAUR in it on the way down to 0.00014 BTC/AUR.
Now it has 260 kAUR in it:
I don't know how that happened. Did he buy those 100,000 or was it another transfer?
I still don't know wether or not it's true this account got filled with stolen coins, but I'm pretty sure it was the one used for dumping on us when we had that last rally end of October.
Not to spread fear, but I'm a little worried we might see another dump.
So any opinions / facts about this account and who/what's behind it?
Hi buddy !
I don't know about it all - and to be honest I do care little - I did appreciated the last dump. Lot of people (including me) got some cheaper coins - and the market reacted very fast. Don't know a lot of coin that would be able to absorb such hit without any damage. It suck that stolen coins are out there, but as soon as someone drop these coins, this a treat disapearing. I would jail this fucker - but there is little we can do - and you know we tried.
So any opinions / facts about this account and who/what's behind it?
I would need them to verify, but I'm pretty sure it's either BioMike or LTEX.
I'll ask the team and post back when I find out.
-Fuse
EDIT- I can confirm that this is one of the team members. They just haven't moved the coins off the exchange. No worries of a dump.
So, I've been lazily observing that one huge account on bittrex.
It used to have around around 160 kAUR in it on the way down to 0.00014 BTC/AUR.
Now it has 260 kAUR in it:
I don't know how that happened. Did he buy those 100,000 or was it another transfer?
I still don't know wether or not it's true this account got filled with stolen coins, but I'm pretty sure it was the one used for dumping on us when we had that last rally end of October.
Not to spread fear, but I'm a little worried we might see another dump.
So any opinions / facts about this account and who/what's behind it?
It used to have around around 160 kAUR in it on the way down to 0.00014 BTC/AUR.
Now it has 260 kAUR in it:
I don't know how that happened. Did he buy those 100,000 or was it another transfer?
I still don't know wether or not it's true this account got filled with stolen coins, but I'm pretty sure it was the one used for dumping on us when we had that last rally end of October.
Not to spread fear, but I'm a little worried we might see another dump.
So any opinions / facts about this account and who/what's behind it?
Just came across a terrific website for discussing altcoins from an investor's perspective. Molecular you might want to also discuss Auroracoin price action there, as a way of exposing Auroracoin to other speculators.
https://www.cryptocompare.com/coins/aur/overview/BTC
https://www.cryptocompare.com/coins/aur/overview/BTC
I tried and wrote quite a long opinion. Unluckily it got lost because their email confirmation system wasn't sending me the account activation link, so I couldn't submit the post ;(.
Might try again.
Just came across a terrific website for discussing altcoins from an investor's perspective. Molecular you might want to also discuss Auroracoin price action there, as a way of exposing Auroracoin to other speculators.
https://www.cryptocompare.com/coins/aur/overview/BTC
https://www.cryptocompare.com/coins/aur/overview/BTC
I wonder how much of this is actually true:
http://www.revolutions2040.com/iceland-finally-confirms-9-top-bankers-jailed-46-years/
Maybe Iceland has what it takes to make something happen in regard to digital currency also?
http://www.revolutions2040.com/iceland-finally-confirms-9-top-bankers-jailed-46-years/
Maybe Iceland has what it takes to make something happen in regard to digital currency also?
my feel of the market:
Accumulation.
Market is rather calm after the (gladly not totally crazy) latest revival bull market: miners are selling, poeple are accumulating.
Floor seems to be 0.00024. 0.0002 has been touched and I wouldn't rule it out in the coming months (at least spike lows could easily reach there). 0.00015 seems possible mid-term, albeit far fetched. 0.00008 (pre-hype low) seems very unlikely. Support would be insane at that level.
So I'm guessing we'll trade in the range 0.0002 - 0.0003 for quite a while (many months, maybe even a year, but depending on fundamentals/news). Kind-of like bitcoin has been trading 200-300 throughout 2015.
This is very good for the foundations plans of furthering adoption in Iceland. Everything seems to be running smoothly with the new multi-algo and other improvements and we have a great dev team to thank for that.
Accumulation.
Market is rather calm after the (gladly not totally crazy) latest revival bull market: miners are selling, poeple are accumulating.
Floor seems to be 0.00024. 0.0002 has been touched and I wouldn't rule it out in the coming months (at least spike lows could easily reach there). 0.00015 seems possible mid-term, albeit far fetched. 0.00008 (pre-hype low) seems very unlikely. Support would be insane at that level.
So I'm guessing we'll trade in the range 0.0002 - 0.0003 for quite a while (many months, maybe even a year, but depending on fundamentals/news). Kind-of like bitcoin has been trading 200-300 throughout 2015.
This is very good for the foundations plans of furthering adoption in Iceland. Everything seems to be running smoothly with the new multi-algo and other improvements and we have a great dev team to thank for that.
It looks like Cryptopia is back on track.
Couldn't withdraw AUR for a while due to the recent fork and upgrade (yeah, to me AUR has absolutely been upgraded with the multi-algo and better block times), but now Cryptopia works great again as an option for purchasing.
Couldn't withdraw AUR for a while due to the recent fork and upgrade (yeah, to me AUR has absolutely been upgraded with the multi-algo and better block times), but now Cryptopia works great again as an option for purchasing.
thanks for your analysis, whoever you are 
The bare-minimum price difference between AUR bought with ISK and AUR bought with ISK->USD->BTC is around 8%. This is simply the sum total of the high (5-%) credit card transfer fees, disadvantageous BTC sell offers on the cc-enabled exchanges (2+%) and the difference between the Icelandic banks' and VISA Iceland's ISK/USD exchange rate (1%).
Given all the hassle, this bare-mininum 8% premium is probably more like 15% or more. Indeed, the Icelandic market has sustained a +30% price pretty steadily over this initial week of business at ISX – as is indeed the case right now when AUR is at 35 ISK on ISX, and at the same time at 480b on Bittrex, which is exactly 30%.
However, the volume on ISX after its opening on 3 May has been as high or higher than on Bittrex, which begs the question of who drives whom.
Anyway, arbitrage ought to equalise the two to within around 15% over time, or until the capital controls in Iceland are lifted, at which time the difference should be within 1% (i.e. the difference between the banks' buy and sell rates for ISK/USD plus the small transfer costs).
Given all the hassle, this bare-mininum 8% premium is probably more like 15% or more. Indeed, the Icelandic market has sustained a +30% price pretty steadily over this initial week of business at ISX – as is indeed the case right now when AUR is at 35 ISK on ISX, and at the same time at 480b on Bittrex, which is exactly 30%.
However, the volume on ISX after its opening on 3 May has been as high or higher than on Bittrex, which begs the question of who drives whom.
Anyway, arbitrage ought to equalise the two to within around 15% over time, or until the capital controls in Iceland are lifted, at which time the difference should be within 1% (i.e. the difference between the banks' buy and sell rates for ISK/USD plus the small transfer costs).
(cross-posting from main thread because I got lead to the topic of price...)
You can also just come here in 1-2 years and have money to spend! How about paying for your hotel, flight, and all restaurants in 2 years with Auroracoin.
I think that's the way to go.
It'll be very interesting to see how (if, to what extent) arbitrage will be done. I believe there are probably be mechanisms to circumvent the capital controls and if there's money to be made, it will be done. Question is how high will the difference be... one should basically be able to see the cost imposed by capital controls (plus normal fees, of course)...
hmm. https://beta.isx.is/ redirects to https://isx.is/. Is the exchange live?
Just checked price. It's around 38 ISK/AUR = 0.31 USD/AUR = 0.00067 BTC/AUR
So the price on the icelandic exchange is 40% above the bittrex price.
so I'm guessing it's rather expensive to sell those ISK for EUR/USD/BTC? Or maybe it's just not enough volume yet to justify ($1000 24h volume on isx)...
Here's a good link posted in the other thread that shows volumes and price on different exchanges: https://coinmarketcap.com/currencies/auroracoin/#markets
So, you have to live in icland for 7 years and right after that you can start to trade on isx.is!)
You can also just come here in 1-2 years and have money to spend! How about paying for your hotel, flight, and all restaurants in 2 years with Auroracoin.
I think that's the way to go.
It'll be very interesting to see how (if, to what extent) arbitrage will be done. I believe there are probably be mechanisms to circumvent the capital controls and if there's money to be made, it will be done. Question is how high will the difference be... one should basically be able to see the cost imposed by capital controls (plus normal fees, of course)...
hmm. https://beta.isx.is/ redirects to https://isx.is/. Is the exchange live?
Just checked price. It's around 38 ISK/AUR = 0.31 USD/AUR = 0.00067 BTC/AUR
So the price on the icelandic exchange is 40% above the bittrex price.
so I'm guessing it's rather expensive to sell those ISK for EUR/USD/BTC? Or maybe it's just not enough volume yet to justify ($1000 24h volume on isx)...
Here's a good link posted in the other thread that shows volumes and price on different exchanges: https://coinmarketcap.com/currencies/auroracoin/#markets
Would be great if one of you technical analyst gurus would start an Auroracoin thread at forexfactory.com
Might bring in some new people who haven't encountered Auroracoin before.
Might bring in some new people who haven't encountered Auroracoin before.
„You probably can't tell what it's based on, can you?” - Of course I can speculate on few assumptions beyond the irrelevant "old restistances/support".
1) I consider the 1$/AUR a psychological barrier.
2) Summer is coming and as we all know it's dead time for doing business. Because of this I'm expecting a lower adoption pace.
3) First to come into the Icelandic exchange will be “connoisseurs” and I'm expecting them to start AUR accumulation without pushing up the price too much.
And again these are just speculations and must be treated as such
1) I consider the 1$/AUR a psychological barrier.
2) Summer is coming and as we all know it's dead time for doing business. Because of this I'm expecting a lower adoption pace.
3) First to come into the Icelandic exchange will be “connoisseurs” and I'm expecting them to start AUR accumulation without pushing up the price too much.
And again these are just speculations and must be treated as such
I don't thinks nobody knows what will happen, as in crypto anything could happen. It could be $1 tomorrow as it can be $0.1 as it could be $10. We don't know. The value of a coin is not pure science. Its very volatile.
„You probably can't tell what it's based on, can you?” - Of course I can speculate on few assumptions beyond the irrelevant "old restistances/support".
1) I consider the 1$/AUR a psychological barrier.
2) Summer is coming and as we all know it's dead time for doing business. Because of this I'm expecting a lower adoption pace.
3) First to come into the Icelandic exchange will be “connoisseurs” and I'm expecting them to start AUR accumulation without pushing up the price too much.
And again these are just speculations and must be treated as such
1) I consider the 1$/AUR a psychological barrier.
2) Summer is coming and as we all know it's dead time for doing business. Because of this I'm expecting a lower adoption pace.
3) First to come into the Icelandic exchange will be “connoisseurs” and I'm expecting them to start AUR accumulation without pushing up the price too much.
And again these are just speculations and must be treated as such
Back in the old bitcoin days, I loved this video:
https://www.youtube.com/watch?v=qHUPPYzzZrI
Maybe this is a bit more appropriate for Iceland;)
https://www.youtube.com/watch?v=qHUPPYzzZrI
Maybe this is a bit more appropriate for Iceland;)
Price speculation using graphs is, in this case, for me, irrelevant. I mean, there is way to many external factors to get any decent evaluation the market. How would the price be influenced by these factors, positive or negative ? I mean, a couple of weeks ago, AUR was traded around 25k sato. And few days ago, it ''dropped'' to 65k ! Market adjust itself pretty fast to new reality. There is not much difference between 0.001 and 0.01 or 0.1 in a so ''thin and somewhat new'' market.
Question, looking back a while back, when bitcoin was barely traded, and was worth let's say 10 cents. How accurate would have been a technical analysis back then ?
That being said, I enjoy a lot reading such analysis ! And I see that some are spot on, from time to time - so let's see how it goes here.
Question, looking back a while back, when bitcoin was barely traded, and was worth let's say 10 cents. How accurate would have been a technical analysis back then ?
That being said, I enjoy a lot reading such analysis ! And I see that some are spot on, from time to time - so let's see how it goes here.
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