Topic: [XMR] Monero Speculation - page 1186. (Read 3314325 times)

next 8 hour will tell for me if we are up or down. My suspect is up when CHINA and JAPAN awake



Thank you sir for the answer.

There is about the same number of XMR as there is BTC, both in circulation, and in total.

So this answers all your questions:

Holding 5000 XMR is like holding 5000 BTC. If it does not feel good enough, then it's too little.

There are about as many people holding 10k or 5k, as there are people holding 10000 or 5000 BTC. I can also tell the number, after practicing quite a lot of this in my youth: about 100 people have 10k or more, 150-200 people have 5k or more.

I think that is not the best mode of technical analysis.  The good form of technical analysis is the use of price movements as observable signals about mass psychology.  Prices are determined by mass psychology, a wealth-weighted voting system.  Rules of thumb inferred from many observations of common market patterns are really rules about mass investment psychology, summary statistics over conditional histories.

Yes, you can usefully apply technical analysis on the basis of price and volume alone.  I often do, simply because I have limited information . (I consider that a very small edge, and only ever take very small positions on that basis.)  But if you allow the known facts to inform your technical interpretations, your predictive power will increase dramatically, in the cases where those facts are available (and relevant), and you can increase your sizing accordingly, so such cases are much more useful and important.

This is particularly relevant in crypto markets, I think:  The fundamental factors can much more easily dominate over the mass psychology of a relatively small audience, and event risks tend to be large relative to market size.

There is little enough harm, I suppose, in waiting for 0042.  If it never drops below 0075, well, you can always buy higher, and you're protected against the possibility of experiencing a period of regret before the next impulsive rise (which can be reasonably expected to occur on 1 Sep).  However, I urge my close friends to establish some position immediately, regardless of price, and then to grow it over time.  Opportunistically, if may be.  With discipline, if not.

 

A retest of 0.0042 to 0.0043 actually does make a lot of sense to me as a correction, given this was a very strong resistance level that has now become a support level.

Official sold LISK for XMR. Hello Team!


will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?

I will be still learning from all of you thank you!!!!!!!!!!!


How many people hold over 10K coin of this?

how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion

Glad to see you guys still holding and finally seeing some gains.


This is the toughest question to answer that only the largest holders know the solution to. Where is their Take profit point? Who knows? They surely aren't going to tell anyone. Lol

So anyone that is going to answer this for you is either guessing or has an agenda. So don't believe a thing you read with the market doing this type shit. So there is some free advice that you can take to the bank.

What you say is clearly a possibility. However, technical analysis ignores fundamentals and news, insider information, and everything except price, and that alone. If someone is out of XMR, it might make sense to enter slowly even at the current price. But XMR's nature has been to visit the key price points (in this case 420k) repeatedly, so I am interested to see what happens

I think the correct bottom is the day the DNM news was announced to the general public.  This move is motivated by that informaiton, and its retrace is a retrace of that specific impulse.  It is the only gap that needed to be filled.  Retracement to .618 is 0.0075, to 0.500 is 0.0069 to 0.382 is 0.0064.  That is how my bids are placed, anyhow.  So far, only 0075 has filled.

The previous move was on inside information, and there will be no retrace of that move, because the number of participants was vanishingly small compared to the number participating in the public information move.

https://www.scribd.com/document/322004737/Bitfury-Shared-Send-Untangling-in-Bitcoin-20160821

Everything is possible, but I believe the most likely scenario is 2nd Fibonacci retracement of the newest move. The move looks like a double top, also bouncing down from the Mintpal resistance level, so is technically bearish now.

The top is visible (0.00938), but the startpoint of the move is more difficult, can be at least 0.00100, 0.00161, 0.00263. Depending which one we take, the retracement bottom should be somewhere between 0.00420 to 0.00520.

Retracing to that price range and bouncing back up, is also supported by theory that the secular resistance in 0.00420 has become a support due to the breach in high volume. The support must be tested, after which the rise can continue.

this looks to be true. I suspect we are gaining momentum to break that point. Makes sense to slow down here just before.

Wasn't the ATH 0.01? It looks like it almost touched it

Yup, definetely demand will be here. However, I am not sure how long it takes until we can start to see Monero price rising and get finally Monero to the bullish trend (still ATH from 2014 is untouched).

It depends of you. People're trying to fill their bags before 1 september as much as it's possible.

Bad time to get into Monero?? 

What's funny is you've picked exactly the one time a large price rise in Monero is certainly NOT a "marketmaker pump".

This rise was based on news.  But you can do you your own DD.

someone change subject : Wall Observer XMR/USD - Monero price movement tracking & discussion

XMR deserve better thread name than monero speculation like every ALT coin


XMR HOLDER VIDEO: https://www.youtube.com/watch?v=DyV0OfU3-FU

So true.  Thank you for reminding me to be cautious not to speak beyond my epistemic basis, to qualify provisional and conditional statements appropriately, and to take care that my words do not readily admit a false interpretation.  (The last of those being by far the most difficult.)

Uber-bullish though.  Trying not to get caught off-sides again.  Once I can get a fill, I will be very cautious about future market-making.  Too many upside catalysts in the pipe right now.

How liquid would monero be without Poloniex?

There needs to be other exchanges like BTC-e or others that garner large portion of daily volumes.

What good is liquidity if it is all centralized and can evaporate if a single exchange gets hacked, shut down, etc?

These are the numbers that speak.  Awesome.