Topic: [XMR] Monero Speculation - page 1116. (Read 3314330 times)
By my vague calculations we should be past .03 if this slow march is enforced for the next 24 hours.
There seems to be a great wall of Moneros on the ask side.. I wonder what happens if a bitcoin maximalist eats it alive while diversifying...? 
. That would be an epic move. But it's not likely really.
The whole market (both sides) must be like 95% our whale accumulator friend. He's got the price on a very tight collar. Any time now I guess he'll decide to whip his hair back and forth. Dude knows his bidnis.
I have been thinking the exact same thing. Its the next part that delights me. What motivation does he have to do this... Right here... At the all time high? Why?
There seems to be a great wall of Moneros on the ask side.. I wonder what happens if a bitcoin maximalist eats it alive while diversifying...?
The influx would be several magnitudes below the nominal market cap increase.
IIRC someone did a calc to the effect that $1 inflow moved cap by ~$10 during one or another of the btc bubbles. Anyhow, what moves btc cap by 600 could move XMR cap by 600. I'd find that amusing.
Rpietila did some I remember.
The influx would be several magnitudes below the nominal market cap increase.
IIRC someone did a calc to the effect that $1 inflow moved cap by ~$10 during one or another of the btc bubbles. Anyhow, what moves btc cap by 600 could move XMR cap by 600. I'd find that amusing.
EDIT - spoke too soon
Seems to be reacting well. I'm surprised it isn't melting the thin support.
The whole market (both sides) must be like 95% our whale accumulator friend. He's got the price on a very tight collar. Any time now I guess he'll decide to whip his hair back and forth. Dude knows his bidnis.
EDIT - spoke too soon
Seems to be reacting well. I'm surprised it isn't melting the thin support.
EDIT - spoke too soon
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Still it's more likely than not we'll end up somewhere around $20. And this is just the potential with the current money in the system.
I see no reason to be bearish within the next weeks.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Still it's more likely than not we'll end up somewhere around $20. And this is just the potential with the current money in the system.
I see no reason to be bearish within the next weeks.
The influx would be several magnitudes below the nominal market cap increase.
Just a few pages ago we were discussing the XMR impact/correlation with a rising BTC and I was convinced that the inverse relationship might be history. But I see that this was a trigger to slow down the XMR rise as the ones who had gotten in > 0.015 didn't probably understand the last 2 years of XMR pricing and development, as say people in this thread. They were quicker to jump off along with the ones who *might* have planned any BTC spikes. There was nothing new in BTC land, so what could be the reason for the recent BTC rise?
There is a theory floating around that this was done to dETH as well. The dETH rise was only able to be checked once BTC started spiking but there were other external factors at that time, including but not limited to BTC halving.
Either way it has a funny smell, and it is not of The Rock cooking.
There is a theory floating around that this was done to dETH as well. The dETH rise was only able to be checked once BTC started spiking but there were other external factors at that time, including but not limited to BTC halving.
Either way it has a funny smell, and it is not of The Rock cooking.
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Everything you said made sense except the decline in btc market cap. Surely the influx of fiat into btc is raising btc's market clearing price and hence market cap.
Fiat flows into btc. BTCUSD goes up. Btc flows into XMR. XMRBTC goes up. End of story until new flows occur. Btc wins, and monero wins². Only fiat loses.
This is right. But it is relevant to consider that someone who just sold usd and bought btc is less likely to sell btc for usd than someone who just sold xmr for btc.
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Everything you said made sense except the decline in btc market cap. Surely the influx of fiat into btc is raising btc's market clearing price and hence market cap.
Fiat flows into btc. BTCUSD goes up. Btc flows into XMR. XMRBTC goes up. End of story until new flows occur. Btc wins, and monero wins². Only fiat loses.
Yep. I was thinking the same thing. Well said.
Anyone watching the ticker here? Really seems like Monero is being walked up.
Gonna break this symetrical triangle (4 hour chart) real soon...
Last half hour or so. This sell wall of around 1Kbtc flashes up just front of the price point, lets pressure build then disappears; "being walked up" is a good description. Its as if someone wants the rise to be slow and steady...good on em I say
Have been watching. There were some huge sale orders not 30 minutes ago.
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Everything you said made sense except the decline in btc market cap. Surely the influx of fiat into btc is raising btc's market clearing price and hence market cap.
Fiat flows into btc. BTCUSD goes up. Btc flows into XMR. XMRBTC goes up. End of story until new flows occur. Btc wins, and monero wins². Only fiat loses.
Yep. I was thinking the same thing. Well said.
Anyone watching the ticker here? Really seems like Monero is being walked up.
Gonna break this symetrical triangle (4 hour chart) real soon...
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Everything you said made sense except the decline in btc market cap. Surely the influx of fiat into btc is raising btc's market clearing price and hence market cap.
Fiat flows into btc. BTCUSD goes up. Btc flows into XMR. XMRBTC goes up. End of story until new flows occur. Btc wins, and monero wins². Only fiat loses.
Just a 10% push more at current mc's to top LTC. That will be some kind of a milestone imho.
We passed that milestone once already then slipped back.Anyhow, I know the walrus was Paul, but who is the vulture?
This twit I imagine.
https://bitcointalksearch.org/user/vulturefund-480217
What potential conflict of interest were you referring to? What do you believe to be Roger Ver's true motive? Do you believe he made a substantial investment in Monero, which was more than in any other altcoin?
Roger Ver is an investor in zcash: https://z.cash/team.html
I've just been looking at the zcash site -- they all seem like a very shiny bunch, about as far removed from the ideals of the early BTCers as you could imagine. My first impression was...the Apple of crypto and it makes me wonder why such a bunch would be interested in privacy. They seem quite forthright that they are in it for the wealth.
But I suspect a lot of funds will flow from the PnDpers who will see a ground floor opportunity.
In another thread, someone was saying that half the Zcash dev team worked for Israeli Signals Intelligence. I don't know if there's any proof of that, but clearly some of them have worked in Israeli academia, which usually overlaps with the Israeli Military/Intelligence establishment.
I noticed this:
https://coinmarketcap.com/currencies/volume/24-hour/
1 Poloniex XMR/BTC $23,586,600 $606.30 30.12%
2 itBit BTC/USD $8,525,400 $606.49 10.89%
3 BTC-E BTC/USD $3,590,960 $602.95 4.58%
4 Bitfinex BTC/USD $3,004,960 $611.83 3.84%
5 Poloniex ETC/BTC $2,404,090 $606.30 3.07%
Poloniex XMR/BTC is by far the highest volume trading pair in all of crypto (not counting sham zero-fee exchanges). No way to escape that XMR trading must have some effect on BTC, not just the other way.
https://coinmarketcap.com/currencies/volume/24-hour/
1 Poloniex XMR/BTC $23,586,600 $606.30 30.12%
2 itBit BTC/USD $8,525,400 $606.49 10.89%
3 BTC-E BTC/USD $3,590,960 $602.95 4.58%
4 Bitfinex BTC/USD $3,004,960 $611.83 3.84%
5 Poloniex ETC/BTC $2,404,090 $606.30 3.07%
Poloniex XMR/BTC is by far the highest volume trading pair in all of crypto (not counting sham zero-fee exchanges). No way to escape that XMR trading must have some effect on BTC, not just the other way.
There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Still it's more likely than not we'll end up somewhere around $20. And this is just the potential with the current money in the system.
I see no reason to be bearish within the next weeks.
The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero.
Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on.
Still it's more likely than not we'll end up somewhere around $20. And this is just the potential with the current money in the system.
I see no reason to be bearish within the next weeks.
Some nice movement going on.
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