Support seems to be building and rather than fib levels, the psychological .01 mark seems to have come into play and energised buyers.
The herd has stopped stampeding and is now looking around befuddled, unaware as to what the next direction should be. Market makers required, FUDsters need to shut up, devs need to release some positive news.
I certainly don't know what's going to happen in the next 24 hours but am hoping for a consolidation around .0116 - .012
Topic: [XMR] Monero Speculation - page 1022. (Read 3314350 times)
Time for a whale or two to see this as time to close shorts and get back in..?
Really insane volumes on poloniex, more than 10% of the total supply during 24 hours, why?
Many people prefer to use them because they can handle the volume. Also there is margin trading there so I there are many traders and speculators are shorting XMR over there right now.
I wonder where everyone that is abandoning Monero right now will move their coins.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
i know this is off topic. but i think it is a good time to buy lisk. price is low and soon there will be an update that brings forging. after this release the price will rise to 4500 sats and more.
enlightening post by amoebatron:
I call it the CoinTelegraph-Bytecoin-DASH axis of lies and disinformation.
Quote
You can blame /u/thedesertlynx who is an instrument of the Dash corporation.
I would imagine that the Dash corporation's investors were ruffled after Monero ascended them on the marketcap, and because Dash is driven by profit rather than socio-political ambitions, it acted much like any other corporation would do to try and take out the competition.
Joel Valenzuela (thedesertlynx) has often worked simultaneously for Dash and CoinTelegraph in crafting well-written pieces of FUD against Monero, that utilize subtle attempts at covert hypnosis along with mild neuro-linguistic programming.
It was /u/thedesertlynx who was recently responsible for perpetuating the meme that Monero's community held a poor reputation.
It was also /u/thedesertlynx who wrote a similar article on CoinTelegraph that purported to illustrate that "investors were scrambling to get out of Monero!" and that the entire project was a sinking ship.
Anyone with a genuine understanding of the socio-political variables that surround the cryptocurrency movement would surely be scratching their heads at how someone who claims to be a New Hampshire libertarian would choose self-serving immediate profit, rather than helping to lay down the fundamentals of a genuinely disruptive movement.
We saw the same thing with Amanda B Johnson. So much potential to globally expand libertarianism, and in the end they choose the immediate profits of corporate employment, rather than taking the path of most resistance and helping the community to build something amazing.
Monero has always been a fragile being. It is surrounded by dystopian antagonists at every turn, whether that be the Dash Corporation, the ZCash-hype sponsored by a foreign government, or the Bitcoin monolithic all-seeing blockchain that in its current form tiptoes toward a form of global egalitarianism where privacy does not exist for anyone.
It is always a catastrophic shame when a powerful corporation or a powerful country goes to war against a barebones civilian population, or in the case of Monero, a community of volunteers, cryptographers, and political activists.
But it is a devastation, when someone who professes to be politically active and is demonstrably intelligent, instead chooses a questionable path that would appear to run counter to the politics they exclaim.
Still.
Desite the FUD, Monero will succeed regardless. Because that's what we do, and that's what we always have done.
https://www.reddit.com/r/Monero/comments/560yem/whats_up_with_this_recent_influx_of_fud_and/?st=itxknast&sh=b9d54f4dI would imagine that the Dash corporation's investors were ruffled after Monero ascended them on the marketcap, and because Dash is driven by profit rather than socio-political ambitions, it acted much like any other corporation would do to try and take out the competition.
Joel Valenzuela (thedesertlynx) has often worked simultaneously for Dash and CoinTelegraph in crafting well-written pieces of FUD against Monero, that utilize subtle attempts at covert hypnosis along with mild neuro-linguistic programming.
It was /u/thedesertlynx who was recently responsible for perpetuating the meme that Monero's community held a poor reputation.
It was also /u/thedesertlynx who wrote a similar article on CoinTelegraph that purported to illustrate that "investors were scrambling to get out of Monero!" and that the entire project was a sinking ship.
Anyone with a genuine understanding of the socio-political variables that surround the cryptocurrency movement would surely be scratching their heads at how someone who claims to be a New Hampshire libertarian would choose self-serving immediate profit, rather than helping to lay down the fundamentals of a genuinely disruptive movement.
We saw the same thing with Amanda B Johnson. So much potential to globally expand libertarianism, and in the end they choose the immediate profits of corporate employment, rather than taking the path of most resistance and helping the community to build something amazing.
Monero has always been a fragile being. It is surrounded by dystopian antagonists at every turn, whether that be the Dash Corporation, the ZCash-hype sponsored by a foreign government, or the Bitcoin monolithic all-seeing blockchain that in its current form tiptoes toward a form of global egalitarianism where privacy does not exist for anyone.
It is always a catastrophic shame when a powerful corporation or a powerful country goes to war against a barebones civilian population, or in the case of Monero, a community of volunteers, cryptographers, and political activists.
But it is a devastation, when someone who professes to be politically active and is demonstrably intelligent, instead chooses a questionable path that would appear to run counter to the politics they exclaim.
Still.
Desite the FUD, Monero will succeed regardless. Because that's what we do, and that's what we always have done.
I call it the CoinTelegraph-Bytecoin-DASH axis of lies and disinformation.
What a load of FUD. I bought more today.. Will it go down even more from here? Who knows. But long term i think this is a fine place to buy.. Just like i did when it was 10x lower
Well my bot made some good shots so I own now thousands of cheap XMR's hehe 
The Campaign is over. For me it wont drop further, the bottom is made. And if it drops, i keep now bagholding.
The Campaign is over. For me it wont drop further, the bottom is made. And if it drops, i keep now bagholding.
First of all: I don't trade, but do speculate now and then.
From experience, maximum pain needs to be reached before going up again. We are not there yet IMHO, this could take weeks / months before a true bottom is reached. Especially when BTC starts to see some upward momentum at the same time.
I remember I used to be very worried about the coin emission in 2014 and 2015 each time I was buying myself. And my worry back then was legitimate, it indeed increased the probability of the death of Monero. Now that issue is solved/solving day by day.
I think the emission is now fine and it is declining day by day. Given the current volumes even on the slowest days I think the emission is simply a drop in the ocean + a lot of smaller miners get only dust for their coins and therefore probably will not bother even to transfer those to the exchanges. That's the beauty of decentrilized coin like Monero: miners need so high price for the coin that is pays them off to move them (assuming no single entity owns a significiant part of network hash).
That being said, I have bids in the markets at prices I am willing to increase my stack just in case there are more sellers.
A lot of short positions are opened at the bottomish prices.
Currently there are only around 108 000 XMR in the Lending markets (used to be close to 300 000) which is a clear indication of increased buying pressure.
If the price goes down due to massive short positions, it is something one do not need to worry that much IMO. A shorter today is a buyer tomorrow. If Risto or someone whale like him comes here to proclaim: I dumped my Moneros, then I would be more worried.
Warz selling either is not something that I am worried despite the fact that he as a Norwegian plays with millions of dollars. Warz has always bought back at some point AFAIK.
My stand is bagholding from the beginning of 2016 because this year is the first year we can see some real growth, and I think the growth might accelerate because the emission is getting so tight and inflation is now at relatively reasonable level (bear in mind, only 5.5 million coins until the minimum block reward hits and the inflation is even lower than the inflation of euro).
Not sure why DASH troll is getting any attention at all. Good for N-rG I guess 
but if he decides (or someone like him) to open another short and posts here for 10 pages repeatedly post after post, then it will go down again and you can swim with him and take advantage if you like.
Even @rangedriver has been upended. The only thing right about any price prediction is that everyone is wrong, I said this a long time ago. Charts are just an arsenal in these guys pockets to take advantage of the noobs.
You have big holders announcing that they sold 200K + coins and the blame is wrongly and swiftly going to a troll that no one is XMR cared about to begin with. You have regulars posting with alt IDs about lies and gloom (and declaring that they are lying) and blame goes to DASH trolls? haha what a smooth operation.
but if he decides (or someone like him) to open another short and posts here for 10 pages repeatedly post after post, then it will go down again and you can swim with him and take advantage if you like. Even @rangedriver has been upended. The only thing right about any price prediction is that everyone is wrong, I said this a long time ago. Charts are just an arsenal in these guys pockets to take advantage of the noobs.
You have big holders announcing that they sold 200K + coins and the blame is wrongly and swiftly going to a troll that no one is XMR cared about to begin with. You have regulars posting with alt IDs about lies and gloom (and declaring that they are lying) and blame goes to DASH trolls? haha what a smooth operation.
I call it the CoinTelegraph-Bytecoin-DASH axis of lies and disinformation.
Really? They are just going to throw away what little reputation the have left for that? For what? The accusations wont kill monero because they aren't true but it certainly will destroy all of what it left of cointelegraphs reputation.
Nice one. So the trend is now set to UP, I'm gona rethink shorting as when all this lies and fud comes to light it will get back to previous levels very quick.
It will be interesting to watch, how much time it will take for people who dumped, to realise that they were scammed and want their coins back
It will be interesting to watch, how much time it will take for people who dumped, to realise that they were scammed and want their coins back
Biggest daily volume candle since September 10.
Asshole propagandist of the month: Joel Valenzuela (aka thedesertlynx)
I wonder where everyone that is abandoning Monero right now will move their coins.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Try vTorrent: count down to client linked to BitTorrent so millions (well a few thousand to start) of people get paid to seed files.
Seeding copyrighted files for profit could result in a lot more trouble than just the standard DMCA warnings.
I wonder where everyone that is abandoning Monero right now will move their coins.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Try vTorrent: count down to client linked to BitTorrent so millions (well a few thousand to start) of people get paid to seed files.
I wonder where everyone that is abandoning Monero right now will move their coins.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
It seems like sentiment is building for a BTC spike. Probably best to hold BTC for the time being. Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
I wonder where everyone that is abandoning Monero right now will move their coins.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Will they just sit on Bitcoin, or invest in another alt?
There might be some good investment opportunity if everyone decides to go in the same direction with the funds they cashed out of XMR.
Really insane volumes on poloniex, more than 10% of the total supply during 24 hours, why?
I sold a few coins
(actually, i did)
I think I'll even move some more fiat into coins:
http://www.telegraph.co.uk/business/2016/10/05/global-debt-hits-all-time-high-of-152-trillion-as-imf-warns-of-w/
Moreover there are rumors that italy will leave the EU. Connecting this to other possible exit candiates and all these financial imbalances in the "real world" cryptos are a good choice.
http://www.telegraph.co.uk/business/2016/10/05/global-debt-hits-all-time-high-of-152-trillion-as-imf-warns-of-w/
Moreover there are rumors that italy will leave the EU. Connecting this to other possible exit candiates and all these financial imbalances in the "real world" cryptos are a good choice.
Whenever an exchange or whatever is hacked there is little way to assess the damage and in the same way it is hard to disprove just about any FUD when it comes to Monero.
The web wallet for Monero, MyMonero run by famed XMR developer FluffyPony, has been unresponsive for several days
Appears to be working fine for me.
Worked for me yesterday.
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