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Topic: [XMR] Monero Speculation - page 1149. (Read 3314350 times)

legendary
Activity: 1330
Merit: 1000
dafar consulting
August 30, 2016, 03:22:44 PM
Impending launch of Zcash will supercharge XMR.
Theres demand for anoncoins and space for more than one.

Is Zcash not another alt coin? I thought it was a competitor like Dash... why would it supercharge XMR?
sr. member
Activity: 289
Merit: 252
bagholder since 2013
August 30, 2016, 03:19:23 PM
Impending launch of Zcash will supercharge XMR.
Theres demand for anoncoins and space for more than one.
hero member
Activity: 563
Merit: 500
August 30, 2016, 03:02:20 PM
I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.

It gets harder and harder every day to buy low-cost prescription medications with credit cards.  For payments that actually work, there's Monero.

That sounds like the voiceover to a commercial. It's true, though. The credit card companies have been cracking down on online pharmacies hard recently.
Little do they realize, they may be digging their own graves.

Unfortunately those who buy from illegal online pharmacies are often digging their own graves, too - that's part of the reason governments are cracking down on them.  The incidence of customers receiving medication that is at best ineffective and at worst actively dangerous seems to be quite high.
legendary
Activity: 1806
Merit: 1164
August 30, 2016, 02:52:27 PM
Now with the high volume there is some chance that classical TA like Elliott Wave could be useful. The August 21 high of .00938 would be very strong support and you can also consider the most recent Fibonacci levels:

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
August 30, 2016, 02:36:21 PM
For comparison, it would roughly be the same as going to 0.001 now, and afterwards hitting parity with BTC.  Grin

Mercy, please.  You are making me ache with desire.

It would be remarkably easy to ding the price with a news hoax right now.  Premature though.

Monero is #21 on Hacker News (news.ycombinator.com).  You might want to vote for it.
donator
Activity: 1722
Merit: 1036
August 30, 2016, 02:23:14 PM
Bitcoin has had 61.8% to 78.6% corrections before and recovered. No reason to doubt the same will happen with Monero at some point. aminorex has already posted sexy buy zones.

From $31.99 to $1.99 is about 94%, and Bitcoin did just fine afterwards.

For comparison, it would roughly be the same as going to 0.001 now, and afterwards hitting parity with BTC.  Grin
legendary
Activity: 1806
Merit: 1164
August 30, 2016, 02:14:01 PM
Bitcoin has had 61.8% to 78.6% corrections before and recovered. No reason to doubt the same will happen with Monero at some point. aminorex has already posted sexy buy zones.

Quote
I am inclined to buy below 013, in increasing size all the way down.  012--013 was the last moderately stable intraday level, and represents a 50% retracement of the impulsive weekend move.  But I won't buy much.  Unless it gets crazy, like under .01.  Then I will abandon restraint.
legendary
Activity: 1442
Merit: 1000
Antifragile
August 30, 2016, 02:02:34 PM
Hmmmm.....
In my honest opinion this whole pump is irrational, and the people following this pump act irrational.
If you can discuss in crypto using the terminus "rational" the way to go would be to pump, hold it for a while and then dump deaply. As this is not acuring yet, i believe this irrational behaviour will continue to a certain point and then the fall will be very hard.

Some factors to force the pump even more are
#1 The bitfinex hack
#2 The ETC/DAO hack

If these guys are smart and tend to like anonymity, they will propably use XMR to disguise their traces to some extent.

If i take a look at the price chart, the resistance 0,014 is at the moment speaking the strongest line --> which corresponds to a 23,6% fib from the last high.

There was a post in the morning stating a break out, no matter in what direction in the next 12 hours, so in the evening we will see if this irrational behaviour will continue, hold on to your coins, no matter if XMR or BTC  Shocked Roll Eyes

I see a "pump" as an artificial movement of the price up with the intention of dumping for profit. The question is, is this "artificial", meaning a pump, or did a) those events you mentioned b)DNM buyers c)regular large speculators getting in d)Agencies e)Risto buying more Grin ,etc.

Regardless, it is an anonymous choice. I can't see BTC doing an anonymity type upgrade/fork and not sure a soft fork could work. And also, we have to consider that very well off people have no problem taking out a ".1-.5%, etc.) of their wealth "insurance policy" in the form of Cryptos. I do wonder how much of that is going on? The market cap of these Cryptos is basically not really worth mentioning in the global scheme of things, but it shows there is quite a bit of interest (and if the get the block size in BTC resolved, we might see BTC used as a back end for parts of the financial system (in time.))

I get more than a feeling that if Crypto can continue relatively unabated, that in a few short years, coupled with so many economic problems, Crypto might
become something that has really helped to transform finance, government, banking, economic "theory", etc. It took a while for the internet to evolve and that changed information as we knew it and now we can all see that same thing is on track with Crypto. Given the global variables at play, that perhaps we have an immature answer at our feet. And watching these
"techs" grow organically (with one another, other systems, networks, etc.) is gonna be amazing.
legendary
Activity: 1330
Merit: 1000
dafar consulting
August 30, 2016, 01:49:03 PM
I am looking at 1 hr chart on bitcoinwisdom.
To me it appears bullish and now just stability (pretty bullish triangle starting from 19th or 20th of August). The coming hours will show us to which direction to go.
I might be wrong, and my speculation do not affect on my trading because I simply hold, but I am inclined to think the coming months are good for Monero. I am 99 % sure the DNM acceptance will not harm the adaption of Monero. Therefore, if you think in the same manner and happen to want to sell some of your coins, may I suggest you to get the best price possible and put the coins for sale instead of dumping with slippage discount. Eventually the dark market customers will buy those coins - sooner or later and vendors most likely just hold as many Moneros as possible because of privacy reasons.

Imo, future potential due to DNM adoption... huge. But it might take time to see that demand creep up to the price.

The 400%-700% over the last week was purely based on speculation and hype. So in short term the price has room to retrace a lot. XMR doesn't even have a GUI yet. How much XMR will actually be used is yet to be seen. I think the whole Alt market is overbought right now due to BTC stability and that will switch very soon. BTC doesn't stay boring for long, once it rises again the alt coins are going to drop again.


But if you're just holding it shouldn't matter... I think a market cap of 500M for XMR is fair game, just how soon I don't know
legendary
Activity: 1092
Merit: 1000
August 30, 2016, 01:31:08 PM
I am looking at 1 hr chart on bitcoinwisdom.
To me it appears bullish and now just stability (pretty bullish triangle starting from 19th or 20th of August). The coming hours will show us to which direction to go.
I might be wrong, and my speculation do not affect on my trading because I simply hold, but I am inclined to think the coming months are good for Monero. I am 99 % sure the DNM acceptance will not harm the adaption of Monero. Therefore, if you think in the same manner and happen to want to sell some of your coins, may I suggest you to get the best price possible and put the coins for sale instead of dumping with slippage discount. Eventually the dark market customers will buy those coins - sooner or later and vendors most likely just hold as many Moneros as possible because of privacy reasons.
sr. member
Activity: 327
Merit: 252
August 30, 2016, 12:21:28 PM
My take is that the market is looking for a new Bitcoin - it wants desperately to replicate the experience of 2013. I wasn't involved in cryptocurrencies then and I imagine that the majority of people on Poloniex weren't either. We know about the great run of 2013 but we never experienced it ourselves. And we want to. Everyone does. Everyone wants the thrill of watching a currency taking off and not coming back down. We want the excitement, we want the sense of being winners in the right place at the right time, and we want the riches that come with it.

Most on Poloniex are agnostic when it comes to coins. They're only interested in the ones that are going to do it for them. Ethereum flew for a while but ultimately couldn't repeat the Bitcoin success because, fundamentally, no-one really knows what the fuck it does. The DAO farce was another nail in its coffin.

Monero has no pretensions to being anything other than what it is - fungible currency. People can get behind that and I believe they will.
legendary
Activity: 1008
Merit: 1001
August 30, 2016, 12:17:37 PM
Hmmmm.....
In my honest opinion this whole pump is irrational, and the people following this pump act irrational.
If you can discuss in crypto using the terminus "rational" the way to go would be to pump, hold it for a while and then dump deaply. As this is not acuring yet, i believe this irrational behaviour will continue to a certain point and then the fall will be very hard.

Some factors to force the pump even more are
#1 The bitfinex hack
#2 The ETC/DAO hack

If these guys are smart and tend to like anonymity, they will propably use XMR to disguise their traces to some extent.

If i take a look at the price chart, the resistance 0,014 is at the moment speaking the strongest line --> which corresponds to a 23,6% fib from the last high.

There was a post in the morning stating a break out, no matter in what direction in the next 12 hours, so in the evening we will see if this irrational behaviour will continue, hold on to your coins, no matter if XMR or BTC  Shocked Roll Eyes
sr. member
Activity: 473
Merit: 250
August 30, 2016, 12:03:05 PM
Looks like the breakout has failed - heavy sell wall at 0.016 was too much Sad
legendary
Activity: 1624
Merit: 1008
August 30, 2016, 11:52:02 AM
Is XMR's rise too much, too soon? It would have been better if the rise was slow  ...

That's the nature of the animal.  Wishing won't change that.  Price was too low, so it had to go up.  There were 2.5 years to bid it up, but no one could be bothered.  

It will happen again and again.  As with bitcoin, so with Monero, only faster.  Much faster.



Never can quite decide if you are a visionary or a very wishful dreamer. The day monero hits 10% of bitcoins value I will be entirely convinced it is the former. From that day forward I will want to hear everything you have to say Cheesy

I have relished what aminorex has had to say for over 2 years.  For me it's not only what he says, (new ideas and perspectives), but how he writes in a way that causes me to think for myself about that what. 
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
August 30, 2016, 11:35:20 AM
I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.

It gets harder and harder every day to buy low-cost prescription medications with credit cards.  For payments that actually work, there's Monero.

That sounds like the voiceover to a commercial. It's true, though. The credit card companies have been cracking down on online pharmacies hard recently.
Little do they realize, they may be digging their own graves.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
August 30, 2016, 11:22:52 AM
I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.

It gets harder and harder every day to buy low-cost prescription medications with credit cards.  For payments that actually work, there's Monero.
legendary
Activity: 1330
Merit: 1000
dafar consulting
August 30, 2016, 11:19:44 AM
I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.


I wouldn't call any penis enlargement medication "legit"
legendary
Activity: 2744
Merit: 1288
August 30, 2016, 11:19:25 AM

One I'm worried about with Monero is that after this pump phase it might stay stagnant for a while and BTC might rise because imo it's overdue for a rise... thats gonna make the monero/btc parity even smaller and I'll be stuck holding monero until the next pump



When BTC pump, crypto will attract more people that never heard of it. after a week or so they will start to search for an alternative. And there will be Monero.  With BTC pump, Monero dont lose anything. Monero just gain.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
August 30, 2016, 11:18:03 AM
I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.
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