Topic: [XMR] Monero Speculation - page 1154. (Read 3314330 times)

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.

MyMonero is back online!

https://twitter.com/MyMonero/status/770329297886347269

https://mymonero.com/#/

What? Rpietila is a XMR whale there's no question about that





Current price was ATH yesterday..... this is cheap coin? LMAO at the FOMO kids ITT

Shall we start buying some cheap coins?

Well, if they get cheap enough, I won't be able to resist.  Forgive me, Vilfredo Pareto.

I have PM'd you, Saddam...  Guidance appreciated if you're around

Your commentary doesn't seem to be strongly related to my post.  I'm not even trading anymore.  I've gone into deep-roving HODL mode. (I am trading in a couple of hundred every once in a while to help friends and family, or as a place-marker to remind me to test an idea, but its not intended to increase my XMR, which is as large as I can comfortably hold at this level in the development of the economy.)  

I am, objectively speaking, an uber-bull on XMR:  I think it has marvelous asymmetry of risk, and vast upside potential.  Everyone who deserves wealth should own as much as they can comfortably hold, immediately, at any price.  Please notice that some of the wealthiest and most experienced participants in this thread are also uber-bulls.

I am also an advocate, an activist, ideologically supportive, and I consider it a moral duty to do what I feasibly can to improve the development of XMR.  I recognize the price-discovery value of a short market.  I am not opposed to intelligent market-making, or even long/short speculations.  But slamming the book, that peeves me.  Any form of manipulative behaviour peeves me.  In particular, the trollish variety of shorts tick me off grandly.  But, it's an impotent sort of rage, so I try not to indulge it. I will, however, seize upon shadenfreude and run with it, if I see a badly behaving short player get their fingers burned.  I think the kids say 'rekt'.  I see it as karmic justice, as a brutal punishment the universe meets out on the foolish.  Justice is one of my highest values (truth, beauty, and love being the others).

In other news, a reminder of a golden oldie:

https://bitcoinism.liberty.me/only-the-black-market-matters/

Monero Rising: Why Dark Markets Matter

https://news.bitcoin.com/monero-rising-dark-markets-matter/

I've cast my vote already.

Rpietila, for someone who claims to have no monero you sure are interested in its price.

Make your forecast in the new poll!

I will also speculate more there, according to my speculation framework.

then you should be shorting XMR to hell. Leveraging up your assets to bet against a new ATH for XMR right?

let's see if 0.009 or 0.006 gets hit first before going higher...

160 BTC is 0.2% of daily volume. Is that supposed to be such a huge wall to cause any movement (or obstacle of movement) in price and to be upset about? Unless it's an independent 3rd party and prevents insiders trading from their left hand to the right and back?

Well, then.  Go for it.

Umm What?

 

I have a very high confidence that xmr is coming way back down before it ever hits a new ath.

New poll on XMR price - cast your vote !!

Yep but its going down first. We'll see a retest of 0.009 at least but more likely to 0.006.

You mean selling my xmr for profit makes me poor? Dont be so foolish young investor. Profits are what this is all about. Its not about holding and supporting forever. Its about making money.

Way too much information for an obvious troll to digest 

We will have more cousins from the primer~ family in the coming days (some have already been silenced and not heard from again). I recommend conserving bandwidth.

I can understand why this might seem rational, on the basis of priors carried over from other assets, but you should please recall BTC 2013.  It is unlikely that this will repeat, right here, right now, but if it does while you are short, your account will be liquidated and you will have to start over.  Maybe take a smallish short, with a tight stop, so you don't get ruined?  Unless you have very high confidence probability estimates, you can't really calibrate your leverage-space (Kelly in a levered context) optimum position size, so there are significant unknowns involved, of both known and unknown varieties.

Given the upside asymmetry of Monero, if you must trade, I recommend varying your position size between, say, 0.5 and 1.0 of your Monero-allocated capital.  If you are out-performing buy-and-hold after a few months, then you might consider increasing your leverage range.