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Topic: [XMR] Monero Speculation - page 1214. (Read 3314325 times)

full member
Activity: 125
Merit: 100
Chief Technology Officer, NYC
August 17, 2016, 01:02:38 PM
It seems there is movement up to 0.006-0.007



Ladies and gentlemen, prepare for breakout.
legendary
Activity: 1624
Merit: 1008
August 17, 2016, 12:56:42 PM
I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.

If I was buying I would not do it this way, I would leave it as is as this way will support the current price and slow down your orders being filled. my 2 cents.

If I was buying I wouldn't do it by waiting for the price to come down  Grin Cool  Wink
full member
Activity: 211
Merit: 100
August 17, 2016, 12:56:07 PM
It seems there is movement up to 0.006-0.007

It is very possible.
This recent talk about spreading bids lower with increasing amount tells you all about how investors were treated for a long time and got accustomed to a bear market Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 17, 2016, 12:53:10 PM
I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.

If I was buying I would not do it this way, I would leave it as is as this way will support the current price and slow down your orders being filled. my 2 cents.
hero member
Activity: 687
Merit: 500
novag
August 17, 2016, 12:47:25 PM
It seems there is movement up to 0.006-0.007
legendary
Activity: 1428
Merit: 1001
getmonero.org
August 17, 2016, 12:22:30 PM
My wannabe witty bananas speculation:



"From what we see in the frescoes and paintings found at the Palace of Knossos, there are no hints of violence or death. The bull was actually a sacred animal and was never to be killed or tortured in any way."
hero member
Activity: 870
Merit: 585
August 17, 2016, 07:49:58 AM
How did you calculate it?
Use triangular numbers.  Say your ladder has nine rungs.  The sum of one through nine is 45.  If you have 20 btc to bid, the first rung will be 1x20/45=0.444btc, the second rung will be 2x20/45, on down to the last rung, which will be 9x20/45=4btc.
legendary
Activity: 981
Merit: 1005
No maps for these territories
August 17, 2016, 07:33:16 AM
I placed a ladder of buy orders on polo's XMR/BTC market at prices from .0035 to .0028.
The size of the orders increases linearly down the ladder.  With a small drop in the price I will buy a small amount, with a steep drop the purchase size at each rung grows.  The net purchase is a quadratic function of the drop in price, if the price drops.
How would you do it?  Make all the orders the same size, so the function is linear?

I have a similar ladder, but more linear/random. I built it some days ago not thinking in any precise arquitecture, but in spontaneus/intuitive fashion.

Reading your post I get two conclusions:
1- Your ladder is cooler than mine. How did you calculate it? A bot to do that would be even cooler/faster/less chore
2- That price range is where probably we all are betting right now, so it seems not very probable that anyone is going to give us the cheap coins> Bullish
hero member
Activity: 870
Merit: 585
August 17, 2016, 06:12:33 AM
I increase the order size as denominated in btc.
I was also thinking about arranging the order amounts in a crude sort of gaussian distribution, with the bulge somewhere around the middle of the ladder.
legendary
Activity: 1092
Merit: 1000
August 17, 2016, 06:09:11 AM
I placed a ladder of buy orders on polo's XMR/BTC market at prices from .0035 to .0028.
The size of the orders increases linearly down the ladder.  With a small drop in the price I will buy a small amount, with a steep drop the purchase size at each rung grows.
How do you do it?

Sounds pretty right way to do it IMO. By doing it in that way it enables your average price to be lower than buying the same amount of coins each on each rung.
Whenever I am buying I am using similar strategy as well but for the sake of simplicity I hold the bitcoin number constant and let the lower price point to buy me more coins on each rung (however I am not buying nor selling my coins at this point).
hero member
Activity: 870
Merit: 585
August 17, 2016, 06:03:09 AM
I placed a ladder of buy orders on polo's XMR/BTC market at prices from .0035 to .0028.
The size of the orders increases linearly down the ladder.  With a small drop in the price I will buy a small amount, with a steep drop the purchase size at each rung grows.  The net purchase is a quadratic function of the drop in price, if the price drops.
How would you do it?  Make all the orders the same size, so the function is linear?
hero member
Activity: 560
Merit: 501
August 17, 2016, 03:01:44 AM
Yesterday daily  candle gave us a reversal candlestick, we'll probably be able to say tonigh (after it verify to be correct or not) if aminorex was wrong (or bluffing).
legendary
Activity: 1092
Merit: 1000
legendary
Activity: 2744
Merit: 1288
August 16, 2016, 04:23:44 PM
Max cruising altitude of most modern jets spaceships is around 42,000 feet 1,267,200,000 feet.   (going to the moon)
I remain convinced that max cruising altitude of Monero is 420k 12,672,000k satoshi until we see otherwise.  :p

fixed the errors for you... so looks like we are shooting for the 126.72 BTC area with this price rise! Nice  Cool

I was listening last dev meeting few days ago and as if i remeber right it was said we will make a short stop on International Space Station.
If my datas are right that is about 1300k feet high, so that mean the price at that time will be only 0.013 BTC
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
August 16, 2016, 03:48:11 PM
Max cruising altitude of most modern jets spaceships is around 42,000 feet 1,267,200,000 feet.   (going to the moon)
I remain convinced that max cruising altitude of Monero is 420k 12,672,000k satoshi until we see otherwise.  :p

fixed the errors for you... so looks like we are shooting for the 126.72 BTC area with this price rise! Nice  Cool
hero member
Activity: 770
Merit: 504
August 16, 2016, 03:27:32 PM
Max cruising altitude of most modern jets is around 42,000 feet. 
 
I remain convinced that max cruising altitude of Monero is 420k satoshi until we see otherwise.  :p
legendary
Activity: 1188
Merit: 1016
August 16, 2016, 02:24:22 PM
Isn't it ironic?  Like a song about irony which illustrates the concept using examples of non-ironical schemas, instead exemplifying concepts such as redundant transport provisions, or the predictive fallibility of meteorological modeling?

Then again, Sod's Law is a terrible song title, not to mention being a bitch to fit in the chorus.

 Cheesy

The abundance of unsuitable culinary equipment...

On topic, I'm watching XMR closely at the moment. I feel the infrastructure has got to a point where it's more than just an idea (like the few times the price peaked in the last year or two), and there is actually tangible progress going on. I told myself a year ago that I'd sell my stash for a small profit if it hit 0.004 again. I've changed my mind.
member
Activity: 261
Merit: 10
https://assetsplit.org/
August 16, 2016, 01:40:40 PM
NSA hacked. it looks like someone needs a million BTC soon. posted here because it might influence XMR
https://www.youtube.com/watch?v=dkx-CVlrEE8
hero member
Activity: 560
Merit: 501
August 16, 2016, 01:34:15 PM
Every time people start to issue such frothy statements and want to believe in them, the end is near.

Well, maybe not every time.  This time, BTCUSD is about to go down.  Which means XMRBTC is about to go up, intraday.  And day-on-day as well.  And likely week-on-week too.  I really think 537 is a very conservative target for BTCUSD on this swing, and XMR 418k is pretty darn likely, avant le grand retour.

The inverse correlation of BTC and XMR is pretty strong, lo, the past year or so.

sorry to disappoint you but XMR trading range is in form since beginning of 2015, and you know damn well that BTC moved a lot since that time, and well, it didn't impacted our resistance and support  Wink
pa
hero member
Activity: 528
Merit: 501
August 16, 2016, 12:41:06 PM
Trading range has been 95+% from 1.80 to 2.20 USD, for a fairly long while.  I doubt it can go as low as 1.80 any longer, though.  That would take us all the way back to lows last seen...yesterday...which would be too terrible to contemplate, and hence impossible.

Every time people start to issue such frothy statements and want to believe in them, the end is near. This so reminds me of the situation in Bitcoin in late January 2013 when $16 was breached and therefore a new 1.5 year high was made, beating the Pirate high of previous year, and people believed it could never go to the trading range of $5-$10 again.

Remember, just remember what happened and do not get sucked to the hype.

Great point in general, but in this case I think aminorex intended his remark to be taken ironically. 😉

Well my attempt seemingly failed  Roll Eyes

Touché!
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