[XMR] Monero Speculation - page 1046.

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: nanobrain on September 30, 2016, 09:52:38 PM

or the market is rejecting the idea of it as a viable coin. I think its the latter.

"Viable" in terms of what? Trading profitability? Usability as a store of value or medium of exchange?

Please explain, because it otherwise just seems like you're talking your book.

My opinion is that, despite what many speculators pretend to think, markets have no such authority to make assertions on "viability."

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: Anon136 on September 30, 2016, 09:33:25 PM

Quote from: nanobrain on September 30, 2016, 09:25:29 PM

Red everywhere...no bounce, no support.

If we dont find support at 0.01 there is no justice in the world.

Well, there is no justice in the world...I think we all know that Wink

I was expecting a correction but this is, as you said, brutal. And I think there are two ways of looking at it: there is someone/group manipulating the market not to accumulate coins but to short XMR back whence it came; or the market is rejecting the idea of it as a viable coin. I think its the latter.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: Anon136 on September 30, 2016, 09:33:25 PM

Quote from: nanobrain on September 30, 2016, 09:25:29 PM

Red everywhere...no bounce, no support.

If we dont find support at 0.01 there is no justice in the world.

Its headed to target

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: nanobrain on September 30, 2016, 09:25:29 PM

Red everywhere...no bounce, no support.

If we dont find support at 0.01 there is no justice in the world.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: saddambitcoin on September 30, 2016, 08:22:55 PM

Quote from: BitcoinNewsMagazine on September 30, 2016, 08:10:45 PM

Long term price will rebound but it is likely you will see .01 first. When there was good news and excitement about Monero why did the developers not take advantage of momentum and make releasing an official GUI wallet the top priority?

Catering to popular demand at the expense of quality is not a priority of Monero devs, and this is what differentiates Monero from the rest. GUI has been steadily in progress as well as other more important features like RingCT. It will come when it is ready.

GUI would not have done anything for the price, this is normal market behavior after breaching new territory. When BTC went from $2->32 and $10->266 and $100->1150 did it just stay there?

Monero broke a long term resistance and reached new ATH, now we find where the new bottom is. But it will take time, months likely.

just needed to take some room for another rise its fro sure waiting is the only way now and holding will benefits us a lots for sure.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Red everywhere...no bounce, no support.

mfqrs3

sr. member

Activity: 419

Merit: 250

Xmr shorters heaven

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Quote from: BitcoinNewsMagazine on September 30, 2016, 08:10:45 PM

Long term price will rebound but it is likely you will see .01 first. When there was good news and excitement about Monero why did the developers not take advantage of momentum and make releasing an official GUI wallet the top priority?

Catering to popular demand at the expense of quality is not a priority of Monero devs, and this is what differentiates Monero from the rest. GUI has been steadily in progress as well as other more important features like RingCT. It will come when it is ready.

GUI would not have done anything for the price, this is normal market behavior after breaching new territory. When BTC went from $2->32 and $10->266 and $100->1150 did it just stay there?

Monero broke a long term resistance and reached new ATH, now we find where the new bottom is. But it will take time, months likely.

aerbax

full member

Activity: 201

Merit: 100

Quote from: BitcoinNewsMagazine on September 30, 2016, 08:10:45 PM

Long term price will rebound but it is likely you will see .01 first. When there was good news and excitement about Monero why did the developers not take advantage of momentum and make releasing an official GUI wallet the top priority?

Because the devs weren't working on a GUI? We have a few other people working on them, though.

The only stability that I've found in Monero is the technology. Everything other thing in the Monero-verse is bananapants all the time.

adolf512

full member

Activity: 532

Merit: 101

Avaraged under 0.0129 now, i should be sleeping now but i woke up for some reason. Tnx for the cheap xmr, they will go up above 0.013 eventually. It's a shame i didn't sell for 0.0142 earlier(i almost did) but i had already sold almost half and decided to switch to the bagholder strategy.

Edit: now my avarage is 0.01265 (bough another 40 xmr).

raphma

sr. member

Activity: 350

Merit: 250

Quote from: Shiroslullaby on September 30, 2016, 03:57:02 PM

Clearly a dead coin. (Kappa)
If MoneroMarket has any decent sellers, we should see a few more people buying Monero and the price will stabilize or go back up a bit.

Unless some other coin can keep you totally anonymous and starts being accepted by darknet markets,
I feel like Monero is the future of buying illegal goods on the internet.
That might not be a great thing for its reputation, but it should bring more users and a rise in price.

is funny to see people talking like that were a bad thing... dark net market made bitcoin what it is today. feels like jealous of xmr..... of course nobody want to be known as a illegal thing but ANY anon coin would want to be accepted in dnm...

and if the question is the illegal stuff being bought, well, it isnt xmr problem... people buy drugs using USD too, BTC too, the problem isnt the currency.

about the downtrend, correction is a b*tch. it will happen to every coin.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Long term price will rebound but it is likely you will see .01 first. When there was good news and excitement about Monero why did the developers not take advantage of momentum and make releasing an official GUI wallet the top priority?

owlcatz

legendary

Activity: 3570

Merit: 1959

Quote from: Anon136 on September 30, 2016, 07:54:39 PM

wow. its brutal out there.

True. Good thing I bought most of my coins at like under 2 USD prior to the hype. This will rebound and so many people with losses will come back to hate on this coin I'm sure... Emotional traders losing money. Sad, but true.

KeyJockey

hero member

Activity: 608

Merit: 509

Quote from: Anon136 on September 30, 2016, 07:54:39 PM

wow. its brutal out there.

Yep... except, LOL nah... not for simple HODL'ers... just enjoying the show, up down up down up down wheeeee LOL

Grin

Anon136

legendary

Activity: 1722

Merit: 1217

wow. its brutal out there.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Hueristic on September 30, 2016, 02:53:21 PM

Just to point out that anyone that has listened to me has never lost a cent. Tongue

But anyone that did what you did has no XMR Tongue

Another clear cut case of do as I say, not as I do Cheesy

adolf512

full member

Activity: 532

Merit: 101

I have given up on daytrading and price prediction now, just keeping 100XMR, dont want to lose too much money during a crash.

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Clearly a dead coin. (Kappa)
If MoneroMarket has any decent sellers, we should see a few more people buying Monero and the price will stabilize or go back up a bit.

Unless some other coin can keep you totally anonymous and starts being accepted by darknet markets,
I feel like Monero is the future of buying illegal goods on the internet.
That might not be a great thing for its reputation, but it should bring more users and a rise in price.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: N-rG on September 30, 2016, 03:07:46 PM

Quote from: nioc on September 30, 2016, 02:51:48 PM

Quote from: N-rG on September 30, 2016, 02:30:06 PM

Why? Anyone loaded the blockchain? Took me 2 days until it was finish with 250k internet.

250k?

almost 20 years ago it was 56k with the screeching modem over a copper phone wire

With all the money you have surely you can do better than that

nothing special here: https://www.swisscom.ch/de/privatkunden/internet-fernsehen-festnetz/abos/internet-250.html

That looks like 250MB not 250KB

I'm in the US so I only have 20GB and with a HDD not a SSD downloaded from scratch in under 12hrs. I hear with SSD is ~2hrs

N-rG

sr. member

Activity: 434

Merit: 250

Quote from: nioc on September 30, 2016, 02:51:48 PM

Quote from: N-rG on September 30, 2016, 02:30:06 PM

Why? Anyone loaded the blockchain? Took me 2 days until it was finish with 250k internet.

250k?

almost 20 years ago it was 56k with the screeching modem over a copper phone wire

With all the money you have surely you can do better than that

nothing special here: https://www.swisscom.ch/de/privatkunden/internet-fernsehen-festnetz/abos/internet-250.html

Topic: [XMR] Monero Speculation - page 1046. (Read 3314350 times)