Topic: [XMR] Monero Speculation - page 1013. (Read 3314350 times)

Me too, just added 2 more bids and to little higher prices (currently 5 bids waiting for the people dump in case bitcoin rise might cause some kind of FOMO among the Monero community).
I see the future of XMR pretty bright. Dark markets in general are interested in Monero, but also I see it has a great potential to be a tax haven... But that probably requires some mainstream marketing which can be achieved by pumping the price up, up and up.

i wouldnt call it manipulation
i think XMR is a solid coin to hodl at this price
and make 200-300% in the future
oasis market panic is over and done with now and people are still buying it
because it will be used in the future ,maybe  for privacy, ransomeware and other dark markets .......

I guess the current price is already a gift and if this is not manipulated, how do you call it?

Whales are already making good money due  to the panic selling and I just hope we will be back on top before the end of the year. I receive an advise from someone that I should but XMR now so I did.

its only a matter of time before XMR reaches another ATH
a lot of people are happily taking this opportunity to add to their stack (me included )

There is a way to solve the price volatility problem to the vendors.
Whenever they get paid x amount, they open a short position of x amount. When the escrow is released they close the short position. If the price of Monero has risen, the escrowed amount has risen but the short position is offsetting it. If the price of Monero has dropped, the escrowed amount of Moneros has dropped in value but the short position has risen and thus offsetting the price drop.

Therefore, there is no need to worry for the vendors... Monero economy has currently all the components for all the market participants to play around.

I guess my real mistake was not going all in earlier(when the price was below 0.0106), i simply kept to much BTC(0.4) reserved for bids that never got filled and realised my mistake too late, trading with limited funds can be very frustrating. It is frustrating that my profit on XMR(if i would be stupid enough to sell now) isn't as large as it should be but i guess it is a price you have to pay to learn(the hard way).

In any case it is now obvious that people are willing to buy at higher and higher price now, the buy support after a drop is returning earlier each time.

Shit I hear ya! Glad you didn't get busted or get in a wreck. Weird I've only been pulled over drunk once and Got let go because I walked the line on my hands but I was speeding my ass off! Good thing I was drinking gin and he couldn't smell it.

Dropped anther 6 or 700 today. DOH I quite for the weekend.

Try reading Trading in The Zone sometime.

Yes, the Forum Funding System in forum.getmonero.org

The chart can trick.

From 200 to 180 are 10% looks heavier than from 100 to 90 but are also 10%. When I start to go long/short the first day i was mostly in the red zone...with some money in it is sometimes not easy to not close. But than I just come back and remind myself, that i had a good reason to do so or so. So i usually stick to it.

For me im totally fine when the price would fall to 90 or 85 i'm not concerned about that. (My last average was ~102 in buy). tbh i actually would enjoy it cause there is another chance to make a good hit to cheap coins.

Is there actually something similar structured like crowdfounding/kickstarter for XMR projects?

Something where I can see which projects for XMR are planned/in progress (movies, websites, GUI etc.) and need either financial suppor or man power?

It is much more difficult than that, i bought at 0.0114 thinking it was on the way up(broke my rule of not buying above 0.011) and not much later the price fell below my buy-limit which felt horribly, every-time i don't stick to my rules i end up losing money. I would say trading is very much about discipline and impulse control which i still lack(still i am doing ok).

If you look at the trend you notice that each new peak is less deep, you just have to have patience and not do stupid mistakes(luckily i only had 0.48 BTC left to spend).

Now the bottom has moved up to 0.011, i did go long with my XMR for a small interest,i still think the medium term is up.

My bids are also welcoming warmly all the dumps.  

Every trader has losses you just need to learn from your losses to improve your entries and exits. Trading is an art and not everyone can be a success at it just like few can paint well enough to make a living off it.

The best strategy for someone new to trading is to go long on an established strong trend up. Don't try to catch a falling knife or short. Always use a stop loss and let your winners run. When there is a strong trend in progress you just want to take a piece of the pie and get out before the trend reverses.

Right now Monero is definitely not in a strong trend up, just take a look at the daily chart. Use a 200 MA to judge whether an asset is in a bull or bear market long term. Check different time frames also.

Before you take a position you should have a clear reason to go long, know how you will choose your entry and when you will exit: how much profit do you look for and how much will you risk. Right now long term trend for XMR is still bullish but medium term is down and short time frame is uncertain. Experienced traders who like to counter trend trade already bought at .01, are now in profit and raised their stop loss to break even.

There are some good technical reasons .01 might be the bottom but it has not really been tested yet, and if bitcoin takes off Monero will go down in price as traders move capital from Monero to bitcoin. That could provide a good buying opportunity for someone looking to hold Monero long term.

Jeez - if someone wants to smash us down....  Hmm...

Buys waiting!

Dude - if anyone here was perfect, they wouldn't be here

You have to take risks and sometimes they don't pay off and you learn from it.

All you can do is try to develop an edge and win more than you lose.  It's a long game.

Man that sucks, i hate myself when i lose 20$ due to trading mistakes even if i make the money back later i continue to be mad over the loss, i guess it will take a while to get used to it.

One time on my birthday I lost like $500 playing Blackjack,
drove home drunk as fuck to get more money,
went back to the casino and lost another $500.
Not my best birthday lol.
I guess Im just lucky I didnt get caught driving drunk. Really stupid move on my part. 

Monero community should be proud, we have our own version of proudhon on this thread.

interesting what she said about the digital development...

https://youtu.be/LrBcbk4UF5o?t=1m1s

Shit, dropped $1500 on the tables last night. Should have bought and stayed home!

I just hate having to use BTC, I still think it's way over valued. But that is just because I know that we have this option which trumps it.