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Topic: [XMR] Monero Speculation - page 1144. (Read 3314330 times)

legendary
Activity: 1008
Merit: 1000
Dumb broad
September 01, 2016, 02:49:36 AM
The four hour looks like a pennant forming to me.

But it could equally be a dinosaur Wink
legendary
Activity: 2744
Merit: 1288
September 01, 2016, 02:48:54 AM
I checked Alphabay and it seems 25% merchants are accepting Monero, thought it would be more. Of course I see that changing in the course of these upcoming weeks.


That is huge.  Now if this sellers will sell faster they will start selling only in XMR if they will sell slower will switch back into BTC.

25% is really unexpectedly a lot.
legendary
Activity: 1442
Merit: 1000
Antifragile
September 01, 2016, 02:40:44 AM
Actually this is quite relevant as well since it was put originally quite close to the spot (I've followed this). On the other hand, the wall guy or girl is playing games with us. He first sets walls and the bids are increased to around 7 000 btc, then suddenly pulls off 1000 btc from buy orders. I am not quite sure what he is trying to do...

I think whoever it is is trying to make a big buy-in without massive upward slippage. So they put the wall there periodically enticing someone to move coins to the exchange and dump, and remove it to avoid pushing the price up.

It's probably a large Bitcoin whale who wants to reallocate/hedge in a big way onto a different chain/project. Someone on the level of Roger Ver, or possibly literallly him (but probably not).


But the volume is huge. If you wanted to buy 7,000 BTC worth of Monero, why not just have a bot do it? If you do it correctly you won't get crazy slippage and you can start the next move up.
That said, I do hope you are right.

One way to look at this scenario, a person with a large ask wall may pull it if a counterparty gives away his/her intention to accumulate with slow nibbles and move their asks higher surmising he/she could fetch a better price, increasing the accumulator's cost

another thought, a person employing a trading bot is probably not working with insignificant amounts of capital

Hey bro! Nice quote before. I remember that book from a loooong time ago.

Above makes a bit of sense. I always chalked it up to people just flexing muscles and messing with others heads, but it makes some sense what you say.
Rarely have I seen those flash offers get filled, buy or sell, though sometimes. Always seemed funny when the sell walls were bought into that had been being pulled.
Anyway, time will tell.

XMR looks to be in a large semi-asymetrical triangle on the 4 hour chart. And if you zoom out to daily, seems to clearly b a large P Formation (as MondoBitcoin used to say - What happened to that guys videos?). Dare I say, we are going to know here soon, which way she goes. I'm betting on up just due to the numbers/history of these types of formations. Here comes the weekend...
legendary
Activity: 3164
Merit: 1506
September 01, 2016, 01:04:22 AM
Short term price speculation? I'm mixed about getting in... was sure it was gonna drop more but now not so much


25% is pretty impressive, and if I was buying something at the DNM I'd feel safer using xmr. The people who use DNMs have no problem acquiring xmr

What about the problem of some people about the "view key" feature. They said that a court order could make you show your transactions in the clear thru view key. Is this true? Why is that feature even there? It might become Monero's weakness.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 01, 2016, 12:25:16 AM
Against my better judgement, behaving like an addict, I filled up while it was trading a .001 range around the .500 retrace, so I don't see any need for it to go lower.  Now it's trading a .001 range around the .382 retrace, so the next "system 1” (not logical) step would be to jump to the .236 retrace and trade in a .001 range around .0165.

Or, moon.  Either way, I am cool with it.
legendary
Activity: 1330
Merit: 1000
dafar consulting
September 01, 2016, 12:07:57 AM
Short term price speculation? I'm mixed about getting in... was sure it was gonna drop more but now not so much


25% is pretty impressive, and if I was buying something at the DNM I'd feel safer using xmr. The people who use DNMs have no problem acquiring xmr
full member
Activity: 201
Merit: 100
August 31, 2016, 11:35:19 PM
I checked Alphabay and it seems 25% merchants are accepting Monero, thought it would be more. Of course I see that changing in the course of these upcoming weeks.

Step back and think about that a bit...25% is significant.  That's a pretty big first step.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 31, 2016, 11:30:25 PM
Monero is in third place on https://www.coingecko.com/en ahead of Litecoin, and behind Bitcoin and Ethereum.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 31, 2016, 11:27:40 PM
I checked Alphabay and it seems 25% merchants are accepting Monero, thought it would be more. Of course I see that changing in the course of these upcoming weeks.

25% is waaay more than I expected to accept before XMR was even activated or had GUI binaries.

25% is sufficient to trigger network effects, particularly in light of N. Taleb's suburb analysis.

https://medium.com/@nntaled/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15

sr. member
Activity: 868
Merit: 279
August 31, 2016, 11:18:24 PM
I checked Alphabay and it seems 25% merchants are accepting Monero, thought it would be more. Of course I see that changing in the course of these upcoming weeks.
full member
Activity: 231
Merit: 100
August 31, 2016, 11:07:01 PM
Lots of investors here waiting for the big boom on September 1st, when (hopefully) XMR will go live on DNMs. Bad news: https://ghostbin.com/paste/kmnzz

If some TOR node operators follow this call and just the 3 letter agencies nodes are running, it's better not to use TOR on that day. Your anonymity may be lower than in the normal internet. Beware! And don't speculate on sudden XMR demand by DNM customers. At least not for this day Wink

not everyone cares about dnms.

Or even, most people don't care about DNMs. And even then, most people that do care about it do it for a) philosophical reasons and b) that if DNM can be "protected", so can those who seek freedom from suppression.
full member
Activity: 235
Merit: 100
August 31, 2016, 10:22:45 PM
ETC Classic and XMR same trend for now.

ive made good profit.

not bagholding anymore.

0.005 to 0.016 is still good on xxxBtc

lets wait and watch. if i have to rebuy later, i will. but for now, bagholding isnt a good thing (imho)

Call me back in 5 years.  Tell me of your victories and your defeats, and I will be happy to listen.  Just don't ask me for any Monero, when you do.

--Contented bag holder.


if you bagholded for the amount i had, you would have shorted..
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
August 31, 2016, 10:07:05 PM
I need to watch the latest episode of Mr. Robot. 

Monero has more credible plot mechanism for destroying the debt-based indenture system IRL than does the fictional Mr. Robot.
sr. member
Activity: 306
Merit: 251
August 31, 2016, 09:52:43 PM
I like to run a tor exit node on the same LAN, and connect to a VPN from that IP, without going through tor, then connect to tor through a VPN in an other country, which I paid for with Monero via XMR.to, and has a canary.

It is also easy to find Netgear routers with exploits and bounce off of a couple of those.  It's actually hard to see a downside to that. You can patch the vulnerability for them when you are done, to pay for it, if you like.  The main risk is that one might be a honeypot.


Well with all that being said, I need to watch the latest episode of Mr. Robot. 
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
August 31, 2016, 09:15:24 PM
I like to run a tor exit node on the same LAN, and connect to a VPN from that IP, without going through tor, then connect to tor through a VPN in an other country, which I paid for with Monero via XMR.to, and has a canary.

It is also easy to find Netgear routers with exploits and bounce off of a couple of those.  It's actually hard to see a downside to that. You can patch the vulnerability for them when you are done, to pay for it, if you like.  The main risk is that one might be a honeypot.
sr. member
Activity: 289
Merit: 252
bagholder since 2013
August 31, 2016, 08:29:51 PM
Lots of crypto-millionaires will be produced at the end of weekend and end of year.
The future of anon-coins are in your hands.
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
August 31, 2016, 07:54:27 PM
Figured you guys might like this chart that stays up to date with the current price as of now from poloniex.  Someone from the troll box made it.

https://new.tradingview.com/chart/XMRBTC/RjiXHX7T-XMR-spartan-weekend/
hero member
Activity: 984
Merit: 1000
August 31, 2016, 07:46:13 PM
Lots of investors here waiting for the big boom on September 1st, when (hopefully) XMR will go live on DNMs. Bad news: https://ghostbin.com/paste/kmnzz

If some TOR node operators follow this call and just the 3 letter agencies nodes are running, it's better not to use TOR on that day. Your anonymity may be lower than in the normal internet. Beware! And don't speculate on sudden XMR demand by DNM customers. At least not for this day Wink

Having choices is good: https://github.com/monero-project/kovri
That's pretty cool! What about the markets, are they available via I2P as well?
legendary
Activity: 2968
Merit: 1198
August 31, 2016, 07:39:39 PM
Lots of investors here waiting for the big boom on September 1st, when (hopefully) XMR will go live on DNMs. Bad news: https://ghostbin.com/paste/kmnzz

If some TOR node operators follow this call and just the 3 letter agencies nodes are running, it's better not to use TOR on that day. Your anonymity may be lower than in the normal internet. Beware! And don't speculate on sudden XMR demand by DNM customers. At least not for this day Wink

Having choices is good: https://github.com/monero-project/kovri
hero member
Activity: 984
Merit: 1000
August 31, 2016, 07:10:24 PM
Lots of investors here waiting for the big boom on September 1st, when (hopefully) XMR will go live on DNMs. Bad news: https://ghostbin.com/paste/kmnzz

If some TOR node operators follow this call and just the 3 letter agencies nodes are running, it's better not to use TOR on that day. Your anonymity may be lower than in the normal internet. Beware! And don't speculate on sudden XMR demand by DNM customers. At least not for this day Wink
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