Topic: Monero (XMR) Speculation thread - page 25. (Read 50244 times)
Monero will even fix your hat.
Monero to 0.1 when?
I think this (and beyond) is very likely if BTC loses steam. Monero has solidified its position as the #2 coin (note: shares don't count), and it is the natural successor. The scenario that would dethrone BTC, is its lacking privacy, and XMR has fixed exactly that.
Without problems with BTC, I think the network effects favor that one so that 0.1 is a little too ambitious for Monero, similarly as Litecoin has never reached better than 0.03 except for a moment.
Basically, XMR does/will do everything a currency Should. PoS coins with 1,00000 features aren't a currency, there more like toys. XMR gives the privacy that a currency should have(like cash) along with the good that blockchain tech gives(no central authority).
Monero to 0.1 when?
I think this (and beyond) is very likely if BTC loses steam. Monero has solidified its position as the #2 coin (note: shares don't count), and it is the natural successor. The scenario that would dethrone BTC, is its lacking privacy, and XMR has fixed exactly that.
Without problems with BTC, I think the network effects favor that one so that 0.1 is a little too ambitious for Monero, similarly as Litecoin has never reached better than 0.03 except for a moment.
Here we go in slim-chance scenario LOL 
Seem to be creeping our way back out of it now.In general my instincts from other markets tend to underestimate the extrema. I think it is because the momentum factor plays a larger role in crypto. People can get really crazy before the fundamentals pull them back to reality.
XMR price attractor is 2.5% higher today than it was yesterday. Not sure what price it is attracted to, but on average, that number, whatever it is, is going up 2.5% daily.
@rpietila and others, what do you consider as a buy-zone for monero? Was thinking about placing some orders in the 0.004-0.0043 range. There is pretty much support at 0.004 and 0.0039, also fibonacci retracement levels are at 0.00406 and 0.00447 (This is based on the last runup from 0.023 to 0.058).
The 61.8% level is also on 0.00365, that is a possibility also.
All-time volume weighted average price is 0.00426.
All things considered, if you want to buy it, just do it at any price below 0.0045. The chances of breaking 0.004 are so slim that it is not worth the 10% gain achievable.
This advice is valid if your intention is to hold. I don't give daytrading advice.
At first thanks for the advice! As you have stated above, the chance of breaking 0.004 is very slim so I think it won't even reach 0.00365. Setting my buy orders around 0.0042-0.0043. My intention is not to day trade but to hold, but I want a good entry point.
Here we go in slim-chance scenario LOL
Anyone know what happened on HitBTC yesterday?
I bought a bunch of XMR at about .00375 put in sopme sell orders in the .0042-.0048 range wake up this morning and they were all filled?
Looks like some trades went through at .08 on HitBTC yesterday but doesn't seem like the same price was even remotely close on the other exchanges . . . now do I buy back in at .00365 or hold out for Risto's predicted collapse . . . .
I bought a bunch of XMR at about .00375 put in sopme sell orders in the .0042-.0048 range wake up this morning and they were all filled?
Looks like some trades went through at .08 on HitBTC yesterday but doesn't seem like the same price was even remotely close on the other exchanges . . . now do I buy back in at .00365 or hold out for Risto's predicted collapse . . . .
Lucky man
Great price to buy in Monero after this correction, double bottom and still cheap!
I bought a nice bag at 34.6 average.
I think 39-40 is just a question of hours...
looks like maybe one person just hit the wrong number on the keypad. 63 Monero were sold at 0.08 Definitely an all time high for Monero right in the middle of a large downswing. Jeez that guy must be mad at himself right now!
Anyone know what happened on HitBTC yesterday?
I bought a bunch of XMR at about .00375 put in sopme sell orders in the .0042-.0048 range wake up this morning and they were all filled?
Looks like some trades went through at .08 on HitBTC yesterday but doesn't seem like the same price was even remotely close on the other exchanges . . . now do I buy back in at .00365 or hold out for Risto's predicted collapse . . . .
I bought a bunch of XMR at about .00375 put in sopme sell orders in the .0042-.0048 range wake up this morning and they were all filled?
Looks like some trades went through at .08 on HitBTC yesterday but doesn't seem like the same price was even remotely close on the other exchanges . . . now do I buy back in at .00365 or hold out for Risto's predicted collapse . . . .
"Building base" at no volume.. N'ah.
My notion is that the constant selling has disappeared because marginal miners are no longer profitable. Buyers need time to clean-up.
As long as my credit is good, I am a buyer long past the point of despair. When I start to feel the fear and depression, I cheer myself up by buying more. I take some amphetamine and a shot of whiskey, if that's what it takes.
It would mean a very great decline in coin price, reasonably below 0.0025 or even in the post-introduction low area of ~0.0018.
This won't happen (if at all) until BTC goes for $1000 or higher. Historically, right after BTC hits new highs is when the alts finally bottom out.
I'm calling a test of 0.004 short term
Personally I think it's building a base. 20 hours sideways now.
I should know. I haven't blinked.
I should know. I haven't blinked.
"Building base" at no volume.. N'ah.
Not everyone has even seen or analyzed the carnage of yesterday. They will decide to lift it up or continue down soon.
It needs a reset.
Personally I think it's building a base. 20 hours sideways now.
I should know. I haven't blinked.
I should know. I haven't blinked.
felt fear yesterday and frustration today that the new day is dawning and it could not make any progress to the upside. The pounding will start again in a few hours most likely. I am thinking of selling as a precautionary move, to buy back lower. If yesterday wasn't the capitulation (and it wasn't: too high, too little volume), there is some chance that the capitulation will come today.
That was the most bullish thing I've seen in weeks. You've cheered me up. I may not need any whiskey today.
Now excuse me while I go over to the poloniex troll box and report that Risto said he was planning to sell off, and buy back lower.
I checked but there was no such report yet.
I like to think I'm not a liar per se, but I do talk smack some times as a lark - when I'm squirrelly and sleep-deprived especially. I wouldn't start such a rumor except in jest, as a leg-pull, when I was pretty confident that it wouldn't be taken seriously. Fact is, I try not to move markets - ever. Impossible task, I know.
But then, my nickname used to be "FoolishConsistency" -- because I'm the hobgoblin of small minds. It got taken away because I'm too inconsistent.
Some people are born under astrological signs. I was born between
felt fear yesterday and frustration today that the new day is dawning and it could not make any progress to the upside. The pounding will start again in a few hours most likely. I am thinking of selling as a precautionary move, to buy back lower. If yesterday wasn't the capitulation (and it wasn't: too high, too little volume), there is some chance that the capitulation will come today.
That was the most bullish thing I've seen in weeks. You've cheered me up. I may not need any whiskey today.
Now excuse me while I go over to the poloniex troll box and report that Risto said he was planning to sell off, and buy back lower.
I checked but there was no such report yet.
felt fear yesterday and frustration today that the new day is dawning and it could not make any progress to the upside. The pounding will start again in a few hours most likely. I am thinking of selling as a precautionary move, to buy back lower. If yesterday wasn't the capitulation (and it wasn't: too high, too little volume), there is some chance that the capitulation will come today.
That was the most bullish thing I've seen in weeks. You've cheered me up. I may not need any whiskey today. (Given my failure to sleep, I will almost certainly need the amphetamine.)
Some natural pep and energy, crossed from the economy thread:
Quote
Since June 24 difficulty has been rising about 1.7% daily. Emission is currently declining a little faster than 0.8% daily. Compounding these factors over the course of 1 month, we arrive at a factor of 2x increase in the ratio cost-of-mining/supply-mined.
Monero will be worth twice as much, one month from today, by that metric, using neutral statistical assumptions consistent with empirical observation.
Monero will be worth twice as much, one month from today, by that metric, using neutral statistical assumptions consistent with empirical observation.
Now excuse me while I go over to the poloniex troll box and report that Risto said he was planning to sell off, and buy back lower.
As long as my credit is good, I am a buyer long past the point of despair. When I start to feel the fear and depression, I cheer myself up by buying more. I take some amphetamine and a shot of whiskey, if that's what it takes.
I felt fear yesterday and frustration today that the new day is dawning and it could not make any progress to the upside. The pounding will start again in a few hours most likely. I am thinking of selling as a precautionary move, to buy back lower. If yesterday wasn't the capitulation (and it wasn't: too high, too little volume), there is some chance that the capitulation will come today.
It would mean a very great decline in coin price, reasonably below 0.0025 or even in the post-introduction low area of ~0.0018. This is what some have been saying all along, that the bottoming process was aborted short of capitulation in July 13th, and it is coming back with even greater vengeance now.
Hate to say "I was wrong" (and the jury is still out) - but the destroying of all support levels, and price resting at the low end of the downtrend channel, spell on of two things:
- Downtrend will continue, with a snap back to the upper trend channel in 0.0041-0.0042 area, potentially regarded as a selling opportunity.
- The trendchannel will be broken to the downside, triggering an epic decline. (We are past the point of "controlled decline" imo).
Monero is a good coin, but the fact that lately it has been easier to get them "cheap" means that they were not probably so cheap after all...
I was trying to conclude by saying "hope I am wrong", but even that is not correct. I hope I am right, and that the valuation adjusts to the level that the market can bear.
Wow, XMR getting hammered, the Poloniex trollbox boys are raking in your money just as planned.
How many of your profitable coins did you change into Monero thanks to Poloniex?
How many of your profitable coins did you change into Monero thanks to Poloniex?
yeah 0.03*6000 = 180 USD. Not bad
it wouldn't make me ,a millionaire, but for sure it would be a nice start to eventually get there
That should read 180 USD equivalence, because we're not going back.
I suspect that Risto was commenting on the range of the "foreseeable" future, i.e. out to the end of the major btc bubble cycle.
In the long run I am uncertain which of the two will prove more valuable - but here I am talking about a timescale which is, in crypto, positively geological: The scale at which xmr emission falls below btc emission.
Unlike ltc, xmr adds actual utility. Unlike other alts, it offers no barriers to liquidity ( when market cap grows large enough), and unlike other privacy enhanced vehicles it offers substantive and germanely provable guarantees.
In the long run I am uncertain which of the two will prove more valuable - but here I am talking about a timescale which is, in crypto, positively geological: The scale at which xmr emission falls below btc emission.
Unlike ltc, xmr adds actual utility. Unlike other alts, it offers no barriers to liquidity ( when market cap grows large enough), and unlike other privacy enhanced vehicles it offers substantive and germanely provable guarantees.
But certainly, even if BTC keeps going as it is, Monero will benefit from that. If BTC gets to 10x the present value, it would EPIC even if Monero gets to "only" 0.03 of that value.
yeah 0.03*6000 = 180 USD. Not bad
it wouldn't make me ,a millionaire, but for sure it would be a nice start to eventually get there
I suspect that Risto was commenting on the range of the "foreseeable" future, i.e. out to the end of the major btc bubble cycle.
In the long run I am uncertain which of the two will prove more valuable - but here I am talking about a timescale which is, in crypto, positively geological: The scale at which xmr emission falls below btc emission.
Unlike ltc, xmr adds actual utility. Unlike other alts, it offers no barriers to liquidity ( when market cap grows large enough), and unlike other privacy enhanced vehicles it offers substantive and germanely provable guarantees.
In the long run I am uncertain which of the two will prove more valuable - but here I am talking about a timescale which is, in crypto, positively geological: The scale at which xmr emission falls below btc emission.
Unlike ltc, xmr adds actual utility. Unlike other alts, it offers no barriers to liquidity ( when market cap grows large enough), and unlike other privacy enhanced vehicles it offers substantive and germanely provable guarantees.
But certainly, even if BTC keeps going as it is, Monero will benefit from that. If BTC gets to 10x the present value, it would EPIC even if Monero gets to "only" 0.03 of that value.
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