Topic: Monero (XMR) Speculation thread - page 29. (Read 50244 times)

BCX stated that he talked with Cryptsy and it will be added as soon as they figure out how.
Expect a large price increase when this happens.
Monero is in case you don't know, completely different from Bitcoin so the exchanges have the to do special changes to their deposit and withdrawal systems to support Monero.
This is only good, it allows Monero to grow slowly.

lol i think you can trust all the same. no exchange wil try to scam you since that would be just bad advertisement. No lock that cant be broken exist on Earth, so all exchanges can also be hacked. But if you wil think only of this you will not get nowhere. Just pick exchange, and buy. put on your wallet and forget about it for a year or 2.

BTW, i never saw on Poloniex anywhere close to 500 BTC offered to buy XMR as are now. 200 BTC was for over 0.0039.

The inflation is about 20,000 XMR == 90 BTC.

If we look at this in economics context, the miner has two businesses:

- Mining, in which he tries to produce coins the cheapest
- Investing/speculating, unless he immediately sells all the coins mined.

Your question is in a way irrelevant, because the miner "ceases to be a miner" if he also holds. If he is willing to hold the mined coins, he is as willing to buy the coins from an exchange. In theory at least (and xmr is quite an example of a "perfect market" for btc holders).

If otoh you were interested in knowing the percentage of miners that hold instead of sell, yes, my guess is that it is quite high. But all these withheld coins would likely have been bought instead in the market by the same guys.

In any case, the market must absorb the daily inflation. Monero's daily inflation is 2.5% of Bitcoin's. The price, is 0.43%. Monero is in an uptrend, with bitcoin that is not certain from the charts. We can conclude that in the investment flows point of view, Monero enjoys a much more important position than the market cap alone would lead us to think.

BCX stated that he talked with Cryptsy and it will be added as soon as they figure out how.
Expect a large price increase when this happens.
Monero is in case you don't know, completely different from Bitcoin so the exchanges have the to do special changes to their deposit and withdrawal systems to support Monero.
This is only good, it allows Monero to grow slowly.

Any word on when Monero might be getting added to Cryptsy?

the plural of the latin "museum" is also "musea" and generally accepted I think (it is for sure the right plural to use in Dutch, i'm not a native english speaker)

The j at the end is actually incorrect, it would be correct if you were writing in the esperanto language, but since your using it in context with the english language, the correct plural would be s, moneros

The j at the end is actually incorrect, it would be correct if you were writing in the esperanto language, but since your using it in context with the english language, the correct plural would be s, moneros

yes, buy your moneroj now, it is still cheap! 

and please use the correct plural 

I hope people will make some deals at these prices with all of these bitcoins and moneros on the books.

Daily trading of XMR is 300% of what is mined, so how much miners dump directly dont realy matter. It is to tiny compared with volume.

does anyone know how many coins miners dump on the market each day?

Well it's 634 now, still 6.25% of the cap chasing 1%. That's still an insanely large sum.

I hope people will make some deals at these prices with all of these bitcoins and moneros on the books.

Anything can happen

Even if it goes to 0.00365, the uptrend is not violated. still holds There are lots of people who capped the rally at 0.0058 by selling coins and many of them want to buy back. Also there are new buyers willing to enter. Potentially massive buyers. this is manifesting itself in huge walls, with at least one transforming to a market buy

On the other hand, many current owners are so maxxed out it's not even funny. Like 1000:1 xmr:btc. There was some exuberance when it was rising and that will be quenched. sentiment has normalized The miners' selling is pressuring the price. The coin is still useless and nothing interesting is about to come from the devs in at least a month. Technically it looks horrible with lower highs. still does All we need is the post-top second low of 0.00408 to be broken so we will break the first low of 0.00395 also, and then dip to 0.00365 fibonacci zone and staring into the abyss. actually we pretty much did just this, except that it rebounded - which was fully anticipated because these things happen in waves

I don't believe for a second that we dip to 0.002xx again, there are wealthy buyers to compete with each other preventing it. But 0.003xx is now very close. 8 hours to be exact (I have needed to admit the facts after burning money at ~0.005.)

We are likely talking about a longish decline though, just like the last time. It will be reinforcing itself cause the speculators also gradually throw in their towels. see longer explanation

To change this gloomy outlook, the following must happen:
- 0.00426 to hold it broke right away, setting a post-top low of 0.00377
- asks below 0.006 to fall below BTC100 (now: BTC227) not even close
- sustained breakout from the double top is not happening now

Fat chance

Monero is a good coin. Buy and hold long term.

I had to take a screenshot, but I was already excited by the 619 BTC in buy orders and now I'm not even sure it was there.

Man I wish you got a screenshot of that one! I don't see it now.

That's about 15% of the marketcap chasing 1% of the total supply according to what's on the books!