Topic: [XMR] Monero Speculation - page 1106. (Read 3314330 times)
when XMR hit to 0.03BTC ?
Are you guys using fib retracement levels to identify when to buy or sell or just doing so at the high's and lows of the day or just hoarding monero for an eventual spike similar to what ethereum miners are doing?
Right now for XMR, I think the news is just as good as technical indicators - there are so many developments that affect the price, a few positive articles and things go well. I don't have enough invested for serious trading yet, but would use fib retracement levels on the buy (depending upon support levels) but would hold off on a lot of sell orders as I think the price will increase, keep a satsh back but still try in increment the investement on the range trades. Are you guys using fib retracement levels to identify when to buy or sell or just doing so at the high's and lows of the day or just hoarding monero for an eventual spike similar to what ethereum miners are doing?
I generally hoard, and use 5% for small-time manual market making and the occasional opportunistic speculation.
I am sure there are some margin long/short swing traders here as well. I am too fond of my hoard to risk it that way. And yes, fib levels are helpful.
As for the volume: lots of bots and a couple of bitcoin whales are converting to XMR, trying to get a good price. Keep in mind that the ambition of Monero to be the dominant private fungible unlinkable untrace-able currency is well under weigh to become a manifest reality. The appeal to HNW individuals and international funding channels seems obvious enough and DNM adoption is sufficient to raise liquidity levels to a point where those uses becone practical. Many of the radical upside potentials which bitcoin squandered with bad governance suddenly become achievable again, in Monero. Rationally the only logical thing to do is get as many as you can and hold them as tightly as you can. But day-traders dunning-kruger much.
Are you guys using fib retracement levels to identify when to buy or sell or just doing so at the high's and lows of the day or just hoarding monero for an eventual spike similar to what ethereum miners are doing?
I generally hoard, and use 5% for small-time manual market making and the occasional opportunistic speculation.
I am sure there are some margin long/short swing traders here as well. I am too fond of my hoard to risk it that way. And yes, fib levels are helpful.
As for the volume: lots of bots and a couple of bitcoin whales are converting to XMR, trying to get a good price. Keep in mind that the ambition of Monero to be the dominant private fungible unlinkable untrace-able currency is well under weigh to become a manifest reality. The appeal to HNW individuals and international funding channels seems obvious enough and DNM adoption is sufficient to raise liquidity levels to a point where those uses becone practical. Many of the radical upside potentials which bitcoin squandered with bad governance suddenly become achievable again, in Monero. Rationally the only logical thing to do is get as many as you can and hold them as tightly as you can. But day-traders dunning-kruger much.
As my Num.Analysis Ii prof used to say: there are no stupid questions, only stupid questioners.
Not one of my favorite people.
Not one of my favorite people.
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
It's much more than the standard pump-and-dump. Darknet markets have endorsed and are using Monero. Those are people who depend on private and untraceable currency. They wouldn't have chosen Monero if it wasn't the best option - they have too much to lose. As a result, the demand for XMR spiked, and as a result of this, so did the price.
As with pretty much all cryptos, I expect the price to be volatile. However, as darknet use grows, and as more people who simply want to keep their financial information private become aware that they may do so with Monero, I expect even more demand for XMR. When you throw in the upcoming features (GUI, sig, 0MQ, Kovri I2P), those should create even more demand.
So, I expect the price to be volatile, but with an overall upward trend for quite some time.
I understand that the dark net drug markets adopting monero would increase the demand therefore increasing the price, but I was just confused on why there was some much volume and volatility a week after the announcement. I think I had read earlier in this thread that there were big whales pumping and dumping monero causing the large price jumps but just wanted to see if there were other factors as well which there clearly are. Are you guys using fib retracement levels to identify when to buy or sell or just doing so at the high's and lows of the day or just hoarding monero for an eventual spike similar to what ethereum miners are doing?
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
LOL, wut a stupid post.
not stupid at all. a person asking for information is not stupid per se.
Read the real meaning.
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
LOL, wut a stupid post.
not stupid at all. a person asking for information is not stupid per se.
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
It's much more than the standard pump-and-dump. Darknet markets have endorsed and are using Monero. Those are people who depend on private and untraceable currency. They wouldn't have chosen Monero if it wasn't the best option - they have too much to lose. As a result, the demand for XMR spiked, and as a result of this, so did the price.
As with pretty much all cryptos, I expect the price to be volatile. However, as darknet use grows, and as more people who simply want to keep their financial information private become aware that they may do so with Monero, I expect even more demand for XMR. When you throw in the upcoming features (GUI, sig, 0MQ, Kovri I2P), those should create even more demand.
So, I expect the price to be volatile, but with an overall upward trend for quite some time.
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
LOL, wut a stupid post.
Is monero getting hardcore pumped n dumped or whta. My question is why does the price fluctuate so much within a short amount of time?
two words: Free market
two more words: Growing Economy
Is monero getting hardcore pumped n dumped or what. My question is why does the price fluctuate so much within a short amount of time? I'm keeping my monero for a while because the price will undergo a correction but i think near the weekend, might dump if price shoots up again
looks like here we go again 
That would be temporary because the bears have not had their fills, it didn't go down enough for them. Got to read more free advice for the next 48 hours (they are crucial 
)
) Market looking to break trend line to the upside? Or more sideways...?
Just a warm-up for the weekend, when punters in singapore, shenzhen and macao get paid, read the international business times, and place their bets.Probably yeah.
2 min after I posted that image price shot up to 0.0207
Market looking to break trend line to the upside? Or more sideways...?
Just a warm-up for the weekend, when punters in singapore, shenzhen and macao get paid, read the international business times, and place their bets.
Market looking to break trend line to the upside? Or more sideways...?
Now that they are harder to get, I find that I want them more. Funny how that works.
It is probably because it felt like crab when it was cheap.
With marketcap less than 10 million dollars it felt like shitcoin despite it was more like a buying opportunity.
On the other hand, Monero used to be a coin that bagholders pumped a little and then dumped it to the others. Now Monero has actual purpose (other than buying titles from Risto) and it is becoming money with these steps.
Looks like we lost posts. I made a decent one IMHO that is now gone.
Most of the thread is buy and hold is my guess. It's just the traders who have to condition peoples minds by repeatedly posting financial advice. I think many have learnt not to fall for it, but XMR has a 2 year history of bears winning all of the battles. This one seems no different.
The bears won many battles, but still lost the war against the bulls.
They have short term tactical advantages, we have long term strategic superiority.
Bears tamp down irrational exuberance with TA, while bulls just keep building on fundamentals.
Classic tortoise vs hare scenario. Ultimately, victory goes to the side with lower time preferences.
Meanwhile in the trenches, I've fatally gored more than one bear and have a nice collection of cozy rugs to put in front of the fireplace on my space yacht.
Now that they are harder to get, I find that I want them more. Funny how that works.
Monero may be equally or perhaps more so a (Gresham-powered) Giffin good than Bitcoin. Never thought anything could do that, until the fungibility issue came to the fore.
For the benefit of latecomers, here are some shiny info-graphics they may have missed.
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