Topic: [XMR] Monero Speculation - page 1051. (Read 3314343 times)

It's important to not lose perspective. We're still up a lot, and could easily fall to 0.01. I've made some predictions on #monero-markets. My first guess was we'd hit 0.013-0.014 (we hit 0.0144), but after trying (and failing) to break 0.02 again I've turned more bearish and my target is now to 0.008-0.01.

At 0.008 we're 70% down from the top, and that seems consistent with the way price has acted in other markets, e.g litecoin down 85% in first rally and 95% in second. ETH went down 60% first crash after it peaked. Bitcoin went down 93% in it's first rally.

In my opinion XMR will recover quicker, things are moving faster these days and there's a lot of good stuff coming. GUI coming out could cause a spike up, though I still think we're headed down to those lower levels once the excitement from it wears off.

I've already revealed this on #monero-markets so it's nothing new, but I have sold ~94% of my XMR during this rally.

Well its now happening that the support is eaten up.

When this is done and we fall below 136 the coin is done for the moment and it will crash far below 0.01

It's probably the most posted chart on bitcointalk, people here just love it for whatever reason.

I love this noob pseudochart, which is always adjusted to suite the illusions of the author. On ETH trader it has been posted again and again.

My opinion still 70-90$ by the end of the year 2016.

I also think it will go lower now. I tend to be wrong so I'm still trickle-buying.

I agree. One article on Bloomberg only is not considered media attention IMO. Also  Youtube has very little Monero vids.. Basically made by BitcoinMeister, the DisruptMeister, Adam Meister.

Look at the history of bitcoin price spikes for some clues. It could take eight months, could take 2 years. Also ... might never happen.

https://cointelegraph.com/news/keep-your-bitcoins-central-bankers-bubble-will-burst-very-soon

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.wallstreet-online.de%2Fnachricht%2F8954541-us-schuldensause-die-groesste-wirtschaftliche-finanzielle-implosion-geschichte-usa&edit-text=

Umm... okay, but but but... when in there does that next spike up to over $50-$100 that everyone says is coming soon happen? 

Posted in a private trading group I belong to (thanks sebastiaan)

The opposite theory works and because you think that by reading the chart that is what 99% of others will think, as fear and greed are wired in our brains 99.9% the same way as the next guy. The market makers need liquidity so they create waves to entice ppl to get in especially with margin as that provides their exit profit. Anyways I used to follow https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2012/08/30/The_Speculative_Sentiment_Index.html which is part of FXCM for the contrary COT sentiment of retail positions to know which way to trade in short term (always against retailers)... You can bet that the XMR whales and polo admins are in on it by knowing the margin thresholds of majority of traders... this wont stop until there is a true dex out there with information that everyone can see and noone has an edge... that would be a true market.

Best "trading" advice I could give anyone here is: whatever I seem to think to do, do the opposite LOL

Every time I think price is going down more, it bounces and starts going up.

Every time I think price is going up more, some whale dumper comes along and crashes it.

I seem to have the Reverse Midas Touch, LOL... whatever I touch doesn't turn to gold, it turns to that other stuff  

The ONLY exception to this has been my good fortune (luck) to make the decision to buy a little Monero, simply as a bitcoin hedge, over two years ago.

Just wish I'd bought MORE, of course, LOL... but thankful for small favors anyway in life.

LESSON HERE?  "HODL" in crypto is really the ONLY solid way to go.

Stop trying to pick up pennies in front of the steamroller: just get your stash of coins socked away safe (NOT ON EXCHANGE!) and just HODL On Tight!

Then, once your basis price has achieved one of these legendary cryptocurrency 10-X "ten bagger" spikes, you can sit back and enjoy the volatility show.

Think of how people who bought bitcoin under $50 feel, these days, when 1 BTC is priced over $500-600.  Or one XMR under a $1 with it now in $10-range.

Yes, Virginia, there IS a Santa Claus and, yes, This Can Be You  

P.S. {Edit} Seems like as good a time as any to make a little UPDATE to an image I've posted here on BTCTalk before, LOL


         

Inb4 your prediction that a huge pump will come becomes true...

Ouch, that's a very low short, 0.0142 is danger zone, if you like extreme trading sports wait for tomorrow 

Come back in 5 yrs to see Poloniex no longer exists... 

Agree

btw. did just see a stupid mistake...had an auto short at 142 with 75.000$...some glitch in my bot...i hope i dont get liquidated when a whale comes -_- could actually close now but i dont now, maybe the glitch is a sign from a more powerful creature ^^
What you think?

There was around 300k XMR available for lending when price was over 0.017, now there's less than 200k XMR on lending market. Where are the missing XMR, here or there?
here - shorters shorted, shorters cry ...
there - lenders dumped to buy back later, hodlers hoddled, hodlers don't care too much about short term movements ...

I like to see more XMR on lending market cos when lenders feel comfortable with holding and lending - its a good sign, but when they decide to dump - things can get ugly.
In next few days we'll find out how many XMR was here and there ...

Looks like it is correcting, i guess between 0.014 and 0.013 (lost 100$). My guess is that the price will remain stable for a while and maybe later increase a lot.