[XMR] Monero Speculation - page 1220.

kurious

legendary

Activity: 2604

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Quote from: bitebits on August 10, 2016, 05:58:08 AM

Quote from: nanobrain on August 10, 2016, 01:59:14 AM

Quote from: smoothie on August 09, 2016, 10:45:01 PM

Most of the users that post in this thread probably would agree (they can chime in, perhaps I am wrong in my assumption) that "finding" the price is implicit that the price could fall as well, which it could.

I suspect good news such as more usability with a GUI and better privacy features with RingCT will net a higher found price than as of late.

Just my two cents.

There are always three possibilities (up/down/straight on) in any trading scenario imho. But unless something wild happens (and lets face it in crypto, something wild is never far away) XMR does seem to be incredibly under-valued at present esp compared to say ETH which is x7 price.

We just seem to need a catalyst now: some good news either technical or in terms of market adoption for the price to find a new, higher, trading range.

Personally I'm watching hawkishly to ensure I don't get caught out by some giant green candle.

It is actually x40, not even considering ETH Classic.

Maybe you are thinking market cap? Price is not x40

bitebits

legendary

Activity: 2242

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Flippin' burgers since 1163.

Quote from: nanobrain on August 10, 2016, 01:59:14 AM

Quote from: smoothie on August 09, 2016, 10:45:01 PM

Most of the users that post in this thread probably would agree (they can chime in, perhaps I am wrong in my assumption) that "finding" the price is implicit that the price could fall as well, which it could.

I suspect good news such as more usability with a GUI and better privacy features with RingCT will net a higher found price than as of late.

Just my two cents.

There are always three possibilities (up/down/straight on) in any trading scenario imho. But unless something wild happens (and lets face it in crypto, something wild is never far away) XMR does seem to be incredibly under-valued at present esp compared to say ETH which is x7 price.

We just seem to need a catalyst now: some good news either technical or in terms of market adoption for the price to find a new, higher, trading range.

Personally I'm watching hawkishly to ensure I don't get caught out by some giant green candle.

It is actually x40, not even considering ETH Classic.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: smoothie on August 09, 2016, 10:45:01 PM

Most of the users that post in this thread probably would agree (they can chime in, perhaps I am wrong in my assumption) that "finding" the price is implicit that the price could fall as well, which it could.

I suspect good news such as more usability with a GUI and better privacy features with RingCT will net a higher found price than as of late.

Just my two cents.

There are always three possibilities (up/down/straight on) in any trading scenario imho. But unless something wild happens (and lets face it in crypto, something wild is never far away) XMR does seem to be incredibly under-valued at present esp compared to say ETH which is x7 price.

We just seem to need a catalyst now: some good news either technical or in terms of market adoption for the price to find a new, higher, trading range.

Personally I'm watching hawkishly to ensure I don't get caught out by some giant green candle.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: aminorex on August 10, 2016, 01:02:22 AM

How could it get better than this? A neat little pullback! So happy that my game is back on, if only in a small way - BTC alone is dead money these days.

Thanks for posting in this sub, enjoy reading your posts. I wonder, since I am not in the trading game. You (day) trade but mention you have cold storage as well which is sacrosanct (that feeling I maybe irrationally, do know). Is this common for anything you trade, or is it because of the extreme potential upside of cryptocurrency in particular?

Secondly I wonder what the balance between cold storage and trading money could or should be. Based on your remark about the pullback, I would assume the cold storage part is percentage wise rather small? Or do you really separate the two in your mind, and are basically fine any direction the price goes?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

How could it get better than this? A neat little pullback! So happy that my game is back on, if only in a small way - BTC alone is dead money these days.

birr

hero member

Activity: 870

Merit: 585

Quote from: smoothie on August 09, 2016, 10:48:48 PM

Quote from: aminorex on August 09, 2016, 09:49:31 PM

As I see it, in 5 days, the bfx btc balances become eligible for transfer, at which time I expect some to flow into XMR. It seemed like about 5% of DAO panic funds ended up in XMR. Maybe 100kBTC flees bfx on Sunday, and about 0.5% (SWAG) of that flows into XMR, moving market cap by about 12%.

Totally wild guesses on those numbers, though.

Or maybe people will get their BFX balances and transfer it out and have an epiphany to also draw their funds out of XMR too and go back to fiat funny munny.

Tongue

It's gunna be a funny munny epifunny

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: aminorex on August 09, 2016, 09:49:31 PM

As I see it, in 5 days, the bfx btc balances become eligible for transfer, at which time I expect some to flow into XMR. It seemed like about 5% of DAO panic funds ended up in XMR. Maybe 100kBTC flees bfx on Sunday, and about 0.5% (SWAG) of that flows into XMR, moving market cap by about 12%.

Totally wild guesses on those numbers, though.

Or maybe people will get their BFX balances and transfer it out and have an epiphany to also draw their funds out of XMR too and go back to fiat funny munny.

Tongue

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: ArticMine on August 09, 2016, 06:43:44 PM

Quote from: aminorex on August 09, 2016, 04:02:50 PM

Until this pattern of higher highs and higher lows is decisively broken, I can no longer justify my cheap/dear brackets. Nothing is too dear if the price is up every single week, week in and week out. You can't make a market if you can never buy cheaper than you sell.

Frankly, I have run out of xmr I am willing to sell before GUI/RingCT/mulitsig levels are discovered. Hopefully other players will provide liquidity at these levels. Sadly I let my book get too imbalanced, so I am out of business for now. Cold wallets are sacrosanct.

I am leaving bids scattered in hope that someone decides to buy a boat, but my hopes for a fill are slim.

Market making with a crypto currency like Monero can be very trough. As you correctly point out the market is going to have to find the appropriate levels after the GUI, and also after RingCT/multisig.

Edit: There is also the question of 0.0042-0.0043 XBT levels form a technical perspective. Monero has been in a trading range from 0.0009-0.0043 XBT since August 2014. A breakout from this trading range could be very sharp.

Most of the users that post in this thread probably would agree (they can chime in, perhaps I am wrong in my assumption) that "finding" the price is implicit that the price could fall as well, which it could.

I suspect good news such as more usability with a GUI and better privacy features with RingCT will net a higher found price than as of late.

Just my two cents.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

As I see it, in 5 days, the bfx btc balances become eligible for transfer, at which time I expect some to flow into XMR. It seemed like about 5% of DAO panic funds ended up in XMR. Maybe 100kBTC flees bfx on Sunday, and about 0.5% (SWAG) of that flows into XMR, moving market cap by about 12%.

Totally wild guesses on those numbers, though.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: aminorex on August 09, 2016, 04:02:50 PM

Until this pattern of higher highs and higher lows is decisively broken, I can no longer justify my cheap/dear brackets. Nothing is too dear if the price is up every single week, week in and week out. You can't make a market if you can never buy cheaper than you sell.

Frankly, I have run out of xmr I am willing to sell before GUI/RingCT/mulitsig levels are discovered. Hopefully other players will provide liquidity at these levels. Sadly I let my book get too imbalanced, so I am out of business for now. Cold wallets are sacrosanct.

I am leaving bids scattered in hope that someone decides to buy a boat, but my hopes for a fill are slim.

Market making with a crypto currency like Monero can be very trough. As you correctly point out the market is going to have to find the appropriate levels after the GUI, and also after RingCT/multisig.

Edit: There is also the question of 0.0042-0.0043 XBT levels form a technical perspective. Monero has been in a trading range from 0.0009-0.0043 XBT since August 2014. A breakout from this trading range could be very sharp.

Bassica

sr. member

Activity: 283

Merit: 250

I never really feel I have enough. Every paycheck adds some xmr to the stash

Tommyhurley

newbie

Activity: 39

Merit: 0

Quote from: aminorex on August 09, 2016, 04:02:50 PM

Until this pattern of higher highs and higher lows is decisively broken, I can no longer justify my cheap/dear brackets. Nothing is too dear if the price is up every single week, week in and week out. You can't make a market if you can never buy cheaper than you sell.

Frankly, I have run out of xmr I am willing to sell before GUI/RingCT/mulitsig levels are discovered. Hopefully other players will provide liquidity at these levels. Sadly I let my book get too imbalanced, so I am out of business for now. Cold wallets are sacrosanct.

I am leaving bids scattered in hope that someone decides to buy a boat, but my hopes for a fill are slim.

Exactly for this reason I bought 2500 XMR extra earlier today. I'm done now - apparently miners are not selling anthing below [x?] USD

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Until this pattern of higher highs and higher lows is decisively broken, I can no longer justify my cheap/dear brackets. Nothing is too dear if the price is up every single week, week in and week out. You can't make a market if you can never buy cheaper than you sell.

Frankly, I have run out of xmr I am willing to sell before GUI/RingCT/mulitsig levels are discovered. Hopefully other players will provide liquidity at these levels. Sadly I let my book get too imbalanced, so I am out of business for now. Cold wallets are sacrosanct.

I am leaving bids scattered in hope that someone decides to buy a boat, but my hopes for a fill are slim.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

The Monero StackExchange is now in Public Beta!

https://monero.stackexchange.com/

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Eidheen on August 09, 2016, 10:27:11 AM

Here we are, back into the late 03/16 price levels. Nice green candles, and all quiet in the speculation thread! XBT also creeping back up, putting XMR back in the $2 range again. I like it.

Nice quote. You should credit me for the writing of it, at least.

Eidheen

newbie

Activity: 14

Merit: 0

Here we are, back into the late 03/16 price levels. Nice green candles, and all quiet in the speculation thread! XBT also creeping back up, putting XMR back in the $2 range again. I like it.

nioc

legendary

Activity: 1624

Merit: 1008

There has been discussion from time to time in regards to getting XMR on other exchanges for a) diversity and b) exposure on bigger markets. The status quo has resulted in us fulfilling b).

http://coinmarketcap.com/currencies/bitcoin/#markets

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

As of my comment right now, 1 XMR is 1/10th the price of 1 oz of silver.

bitebits

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Flippin' burgers since 1163.

Quote from: s1gs3gv on August 08, 2016, 08:31:44 PM

Quote from: smoothie on August 08, 2016, 07:40:26 PM

My hope is that artificial value doesn't emerge just because of lack of supply.
Dash is a perfect example of this.

the McAfee effect ~LOL~

You mean preventing it from spreading like a virus? Can't oppose.

But to be serious, highly agree with smoothie. Limiting supply may be increasing the price of the few coins actually being traded, but it is artificial and bad for liquidity. The market would be very thin for buying or selling any serious amount.

Topic: [XMR] Monero Speculation - page 1220. (Read 3314350 times)