Topic: Monero (XMR) Speculation thread - page 31. (Read 50244 times)

Been buying like crazy when it was on the 20-ish lows, they called me crazy.

I sold some in the past couple days because I was at 1000:1 ratio. Now I'm around 400:1. I'd love to buy more at 0.0035 or less.

I expect the downtrend will now continue until everyone decides it has gone far enough and immense buying will ensue. If the pattern continues, the next rally will happen around August 20th 2014.

Already seen it today. Monero holding up very good.
Wouldn't be suprise to see another run up to 0.015-0.020 in a few days.

I'm holding long term, the ones selling are called weak hands and I'm sure they will buy back at loss later 

Bitcoin seems to be locked in downtrend, that could last for weeks. That could make Monero extremely attractive as a hedge.

Lets let the third bottom really be a bottom before we start saying things like that

All thats important in under 0.004 is a general buy zone for a lot of people.

Anything can happen

Even if it goes to 0.00365, the uptrend is not violated. 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.

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. 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. 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.

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. (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.

To change this gloomy outlook, the following must happen:
- 0.00426 to hold
- asks below 0.006 to fall below BTC100 (now: BTC227)
- sustained breakout from the double top

Fat chance

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

I am daytrading for days now to get back some XMR i lost from daytrading



I think that it will be difficult to go under 0.004 but it may happen. I dont believe it will ever reach 0.0035 again but if this happens it will be in the next like 10 days...

I would be buying anything under 0.0042 for now.

What's a good time to buy XMR? Like now? Can I wait for it to dip to 0.003 ~ 0.004 or less..

I think that there is more daytrading than you might expect...
Tell me that this is "just coincidence":

I agree that people look at charts and TA is mostly a self fulfilling prophecy however most people at these early stages are just buying as many as they can really, there's not too much day trading going on due to the lack of real liquidity and lack of historic data, the best you can really do is ride the waves

I agree that the market is very erratic, but people DO look at charts (otherwise, there would be no nood for publishing the charts).
Some of theose patters are important... Self fulfilling prophecy

edit: if we go below 4 mBTC, i'll buy some more

Same situation with the last time you posted a support line, the market is far too immature.

That being said there are alot of people looking to buy in and the sell pressure isn't really increasing its just random dumps and people not bidding and letting their buy be filled. The dumpers run out of coins and we move back up. This is a very fair range to be in anyway.

Will the support hold?

Way to go!

I wish I had more fiat and/or BTC to buy more at the moment 


A little improvement to your suggestions:

Short term [next 5-7 days]: buy buy buy and HOLD

Mid Term [next 2-3 weeks]: buy buy buy and HOLD

Long Term [next 3-4 months]: buy buy buy and HOLD

Disclaimer: As always never buy more than you can afford to lose and try not to buy at the top of an unsustainable rally

Short term [next 5-7 days]: HOLD

Mid Term [next 2-3 weeks]: HOLD

Long Term [next 3-4 months]: HOLD

Just realized how much potential this altcoin really have.
I am buying in large sums right now.

Dump and buy cheaper 

So your thoughts on short term. Buy sell or HODL?

*sniff*

Thank you, kind stranger.