[XMR] Monero Speculation - page 1005.

mokou

newbie

Activity: 8

Merit: 0

Quote from: N-rG on October 11, 2016, 11:48:35 PM

And who is behind this company (could only find Toronto, Canada on their twitter account) but no proof or more information. Anyone here knows more?

http://decentral.ca/about/

But can we really be sure about this? Is a website valid proof? What if it's just a ruse? Are these even their real names?

N-rG

sr. member

Activity: 434

Merit: 250

Does anyone here knows when jaxx actually will release their wallet with XMR support? And who is behind this company (could only find Toronto, Canada on their twitter account) but no proof or more information. Anyone here knows more?

Anon136

legendary

Activity: 1722

Merit: 1217

You know I'm becoming convinced that these markets are manipulated. Why would a loser project like "pot coin" rise so hard and crash so fast like that? Nobody should have ever even heard of it. People were talking about FOMO on "pot coin". FOMO ON "POT COIN". What!?

I know this is probably not news to anyone but im naturally extremely skeptical of everything. So I wasnt convinced till now. But closely watching the rise and fall of "pot" has convinced me. I just cant comprehend an organic growth driven process for what that "pot coin" chart looks like. So I really think some group of people pushes these things up in large conspiratorial calculated moves.

If this is the case they probably did it to our baby monero too. They used and abused her. Most of the buyers almost certainly had no understanding of the potential like we do. And I mean the market leaders not just the whale chasing FOMO zombies. That's not at all why they were buying.

But hey they say no press is bad press. So we will probably settle at a higher level than we started thanks to this "pump" and we still have the organic adoption to look forward to.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Hueristic on October 11, 2016, 04:29:24 PM

Quote from: moneyLooser on October 11, 2016, 12:49:47 PM

Volume is so worse even with that positve news. I also sold my little 1500 xmr... at least with 7%... thanks for all supporters and realists here. Thank also to the devs who make this coin possible. I guess I'm out for now, to hot to lose money with that coin. I think, as already some ppl said, without a nice GUI, this coin will always have rocks on his path what makes it falling to his face.

Yesterdays shakeout was high volume. I rode the wave and made 10% on my dust. It was great fun to watch. Now I'll wait for another dip to buy again it's not hard to ride the sideways movements it's predicting when the huge dump or pump is gonna happen and you don't want to be on the wrong side of those!

.011 is a good place to put buys right now IMO.

This is a normal move for short day traders , as you said we should rode on the wave and make % profits later on. Rinse and continue, just like that . Huge pump and dump are also normal its really up to us on how we gonna ride it. 0.011 is somehow a good set buy order.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TrueCryptonaire on October 11, 2016, 10:43:43 PM

Quote from: Hueristic on October 11, 2016, 10:23:48 PM

Quote from: Hueristic on October 11, 2016, 04:29:24 PM

.011 is a good place to put buys right now IMO.

Nice call, Thank you.

It is easy to make calls if one is doomed to see the future yet unable to prevent it.

2True, the hardest part is 99.99% of the time I'm also unable to capitalize on it!

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: Hueristic on October 11, 2016, 10:23:48 PM

Quote from: Hueristic on October 11, 2016, 04:29:24 PM

.011 is a good place to put buys right now IMO.

Nice call, Thank you.

It is easy to make calls if one is doomed to see the future yet unable to prevent it.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Hueristic on October 11, 2016, 04:29:24 PM

.011 is a good place to put buys right now IMO.

Nice call, Thank you.

el testosteron

newbie

Activity: 55

Merit: 0

loved the bear trap from 019 to 016 and back to 019. Fingers crossed

OrangeP

sr. member

Activity: 358

Merit: 250

Quote from: ArticMine on October 11, 2016, 05:03:25 PM

Quote from: cryptimus prime on October 11, 2016, 02:46:25 AM

Quote from: ArticMine on October 10, 2016, 05:32:35 PM

There are at least two very valid reasons why diverting a portion of the block rewards to development or some other project such as marketing is not a good idea at all.

1) Regulatory compliance.

In summary one needs to keep one's hands out of the till, block rewards, in order to keep the regulator away.

If this is true, then ZCash is going to face real problems as an US-company, or better said their miners.

It is not just Z.Cash. There are many crypto - currencies that have this serious regulatory risk. Please read the guidance carefully rather than simply take my word for it. The question to ask when reading the guidance is: Does a particular crypto currency qualify as a "De Centralized Virtual Currency" under the guidance?

I wouldn't care too much about getting deep into these law discussions. If regulators (aka the lobby) really want to bring down/illegalize a crypto currency for whatever reason, they will do it regardless of anything. At least that's the way how Europe works, where established law is getting pooped on by governments all the time.

This overall is an argument for currencies that work without a company behind it. Developers should also rather not be US citizen.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: cryptimus prime on October 11, 2016, 02:46:25 AM

Quote from: ArticMine on October 10, 2016, 05:32:35 PM

There are at least two very valid reasons why diverting a portion of the block rewards to development or some other project such as marketing is not a good idea at all.

1) Regulatory compliance.

This is the elephant in the room in crypto currency and Monero is one of very few crypto currencies that has avoided some very serious regulatory compliance risks. The critical aspect of this is the guidance that was issued by FinCEN in March of 2013. https://www.fincen.gov/sites/default/files/shared/FIN-2013-G001.pdf. In order for a crypto currency to be compliant while at the same time avoiding the requirement of registration as a Money Services Business, and consequential AML/KNC requirements, the crypto currency must qualify as a "De Centralized Virtual Currency" under the guidance. This means that the block rewards have to go in their entirety to the miners and cannot be diverted for other purposes such as to fund development or marketing. If the block rewards are diverted in such a manner then those who are administering the diverted block rewards would be very likely be considered to be "administrators" or "exchangers" under the guidance, be required to register as MSBs and be subject to AML/KNC reporting requirements among other requirements. Ripple has already been subject to regulatory enforcement over this very issue. While I am not aware, at this time, of any regulatory action over this against Dash, the risk in that case likely remains very high. While this is specific to the United States, the reality is that the United States is at least for the time being, the world leader in financial regulation in particular because of the reserve currency status of the United States dollar.

In summary one needs to keep one's hands out of the till, block rewards, in order to keep the regulator away.

If this is true, then ZCash is going to face real problems as an US-company, or better said their miners.

It is not just Z.Cash. There are many crypto - currencies that have this serious regulatory risk. Please read the guidance carefully rather than simply take my word for it. The question to ask when reading the guidance is: Does a particular crypto currency qualify as a "De Centralized Virtual Currency" under the guidance?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: moneyLooser on October 11, 2016, 12:49:47 PM

Volume is so worse even with that positve news. I also sold my little 1500 xmr... at least with 7%... thanks for all supporters and realists here. Thank also to the devs who make this coin possible. I guess I'm out for now, to hot to lose money with that coin. I think, as already some ppl said, without a nice GUI, this coin will always have rocks on his path what makes it falling to his face.

Yesterdays shakeout was high volume. I rode the wave and made 10% on my dust. It was great fun to watch. Now I'll wait for another dip to buy again it's not hard to ride the sideways movements it's predicting when the huge dump or pump is gonna happen and you don't want to be on the wrong side of those!

.011 is a good place to put buys right now IMO.

adolf512

full member

Activity: 532

Merit: 101

For some reason i almost had a mental breakdown during the last drop(when i could no longer sell at profit) but i concluded from the chart that the price will continue up and just walked away from the computer. I do think holding is the best strategy now(but it wasn't previously when people didn't expect a drop).

I try to figure out what will happen with xmr but it's not clear for me at all how the price will change, i have one vision of it falling well below 0.01 and another vision of a huge price increase. I guess i have to just baghold and buy even more if the price falls a lot.

edit: the price did went up, glad i sticked to my strategy to hold.

Febo

legendary

Activity: 2744

Merit: 1288

However you turn it, GUI is here. So for me when GUI arrive will be no news. This with Jaxx is 10 times better. I was not sure it will happen at all. But i guess was misleaded.

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: f00bar on October 11, 2016, 02:35:44 PM

Quote from: elrippo on October 11, 2016, 01:56:32 PM

Quote from: N-rG on October 11, 2016, 11:26:52 AM

The last up leg, i honestly do not know if you noticed, ran without an official GUI for the wallet daemon, so you get another big minus for that one.

[...]

Either the tech is good, that's my prio, or i do not use it. DNM customers and vendoors accept XMR without any shiny GUI, why is that so.....

Having no GUI is just the proof of success: Most unsuccessful shitcoins have a GUI, but Monero has no GUI (yet) and IS successful. And note that there was a lot of progress last weeks in the GUI repo. I would not sell. Cool

+1 My words (this time it really is so Grin

)

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: adolf512 on October 11, 2016, 02:18:42 PM

Selling when the price is high has worked out much better for me than holding so far, it might be a good idea to hold during despair but in general i think it is much better to sell for profit when you can(even if it is only 10%). Now the price is increasing again, but i guess i will do the same mistake again(not selling when the price is above 0.012).

If you take the risk that you "just" sold with 10% profit, why not.

f00bar

newbie

Activity: 3

Merit: 0

Quote from: elrippo on October 11, 2016, 01:56:32 PM

Quote from: N-rG on October 11, 2016, 11:26:52 AM

The last up leg, i honestly do not know if you noticed, ran without an official GUI for the wallet daemon, so you get another big minus for that one.

[...]

Either the tech is good, that's my prio, or i do not use it. DNM customers and vendoors accept XMR without any shiny GUI, why is that so.....

Having no GUI is just the proof of success: Most unsuccessful shitcoins have a GUI, but Monero has no GUI (yet) and IS successful. And note that there was a lot of progress last weeks in the GUI repo. I would not sell. Cool

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: N-rG on October 11, 2016, 01:56:50 PM

Quote from: elrippo on October 07, 2016, 05:49:56 AM

Quote from: adolf512 on October 07, 2016, 02:23:36 AM

Quote from: drawingthesun on October 07, 2016, 02:11:11 AM

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

by selling at 0.0135 and rebuying below 0.0115) but now i will simply hold.

Personally i would wait until 18´th to 22´cnd Ocotber. Probably we will hit the 0,007xxx by then

Quote from: elrippo on October 05, 2016, 01:14:06 PM

Quote from: vlom on October 05, 2016, 01:07:33 PM

Quote from: elrippo on October 05, 2016, 01:05:08 PM

Quote from: mfqrs3 on October 05, 2016, 07:57:11 AM

Too much people are waiting to buy at 0.01 or below, that's why I think it won't happen.

believe in fibonacci

i want to see what happens after the price went below 0.01.

0,0095 to 0,0083 will be achieved until 10'th of october

Quote from: elrippo on October 11, 2016, 01:47:06 PM

Quote from: adolf512 on October 11, 2016, 10:59:48 AM

Dam i should have sold above 0.012 for a small profit

hold your XMR and have a cup of tea Wink

nicht nett von dir (not nice from you)

Well just some hours before some ppl. assumed

its obvious that you went long and its not working good. Otherwise explain why you told us over and over again that xmr is below 0.009 and now suggest to newbies to hold.

Well at the end of the day, if you are willing to observe you could imagine a rebuy to ~90% of the last ATH until the next 3-4 weeks --> if you go long --> Grin

If this fails for some reason, which is likely to happen as the first suggestion, you could buy more at lower levels (fib 23,6%) and then get on the next climb.

If you go long, as the last rally, you are more likely to gain as if you would do the opposite and try burn your fingers with day trading Roll Eyes

adolf512

full member

Activity: 532

Merit: 101

Selling when the price is high has worked out much better for me than holding so far, it might be a good idea to hold during despair but in general i think it is much better to sell for profit when you can(even if it is only 10%). Now the price is increasing again, but i guess i will do the same mistake again(not selling when the price is above 0.012).

TheFuzzStone

legendary

Activity: 1512

Merit: 1442

thefuzzstone.github.io

Quote

Great news for Monero! My @Apple contact called to say @monerocurrency #XMRofficially approved for @AppStore.
— Anthony Di Iorio (@diiorioanthony) October 11, 2016

elrippo

legendary

Activity: 1008

Merit: 1001

Quote from: N-rG on October 11, 2016, 01:56:50 PM

Quote from: elrippo on October 07, 2016, 05:49:56 AM

Quote from: adolf512 on October 07, 2016, 02:23:36 AM

Quote from: drawingthesun on October 07, 2016, 02:11:11 AM

Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.

Time in the market = buy and hold.

Timing the market = day trading.

Don't try day trading.

Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.

If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.

I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

This is why i will not buy more now after the increase, i will instead look after other coins to invest in with my few money i have left to invest. As for short term trading i did get a lot more xmr for my money by selling at 0.0135 and rebuying below 0.0115) but now i will simply hold.

In general you are correct about daytrading, especially when you factor in trading fees.

Personally i would wait until 18´th to 22´cnd Ocotber. Probably we will hit the 0,007xxx by then

Quote from: elrippo on October 05, 2016, 01:14:06 PM

Quote from: vlom on October 05, 2016, 01:07:33 PM

Quote from: elrippo on October 05, 2016, 01:05:08 PM

Quote from: mfqrs3 on October 05, 2016, 07:57:11 AM

Too much people are waiting to buy at 0.01 or below, that's why I think it won't happen.

It defenitely will happen if you believe in fibonacci --> correction to the norm Wink

it will happen. or i hope that i will happen. then i want to see what happens after the price went below 0.01.

i think you just have to observe sell orders => rising.

0,0095 to 0,0083 will be achieved until 10'th of october

nicht nett von dir

Why so, we hit sub 0,010 until 10'th of october or didn't we?

Topic: [XMR] Monero Speculation - page 1005. (Read 3314350 times)