Topic: [XMR] Monero Speculation - page 125. (Read 3313076 times)

I can't say I'm a fan of Bitcoin.com and I can't stand BCH but it's nice to see monero getting listed on there anyway just so the n00bs see it when they get tricked into using that exchange.

I was searching for this old post today. Updated it a bit and even if have none you can actually become a decent Monero fish quite cheap right now.

0.) Cthulhu                          (200 000+ XMR)
1.) Blue whale                     (100 000+ XMR)
2.) Fin whale                         (60 000+ XMR)
3.) Livyatan                          (40 000+ XMR)
4.) Megalodon                       (25 000+ XMR)
5.) Sperm whale                    (15 000+ XMR)
6.) Orca                                (10 000+ XMR)
7.) Whale shark                       (6 000+ XMR)
8.) Great white shark               (4 000+ XMR)
9.) Hammerhead shark             (2 500+ XMR)
10.) Narwhal                           (1 500+ XMR)
11.) Wels catfish                      (1 000+ XMR)
12.) Dolphin                               (600+ XMR)
13.) Black Marlin                        (400+ XMR)
14.) Bluefin tuna                        (250+ XMR)
15.) Electric eel                          (150+ XMR)
16.) Norwegian Delicious Salmon (100+ XMR)
17.) Gadidae                                (60+ XMR)
18.) Salmonidae                           (40+ XMR)
19.) Gilt-head bream                    (25+ XMR)
20.) Atlantic mackerel                   (15+ XMR)
21.) Herring                                 (10+ XMR)
22.) Goldfish                                  (6+ XMR)
23.) European pilchard                    (4+ XMR)
24.) Dwarf Goby                           (2.5+ XMR)
25.) Paedocypris                           (1.5+ XMR)

I think he means that the United Arab Emirates is not known for its love of freedom for its subjects.

https://en.wikipedia.org/wiki/Human_rights_in_the_United_Arab_Emirates

Dubai's economy is based upon tourism and trade, it has no significant oil reserves.  Its economic model is dependent on tourism and being tax-tree and trade-friendly with relatively relaxed laws (particularly for wealthy westerners).   So while it still part of the UAE, if anywhere in that part of the world was going to be crypto-friendly, it makes sense it would be Dubai.

I think he means that the United Arab Emirates is not known for its love of freedom for its subjects.

https://en.wikipedia.org/wiki/Human_rights_in_the_United_Arab_Emirates

Why would be for Dubai strange, that exchanges would be allowed trade cryptocurrencies?

It is strange that a country like Dubai accepts Monero and they have a regulated exchange, promising development and do these exchanges have any regional restrictions to trade.

People who are planning to invest in any market should learn about what they are planning to invest in details and if someone owns the bitcoin.com and has a view point on what the real bitcoin is then there is no trick involved, people who are investing their money should know the difference between all the coins in the market including bitcoin and its fork coins, if not i see them as dumb and you cannot blame that someone tricked them, all it takes is a few hours or days to learn everything about the market and if they cannot do that who is to be blamed.

It is strange that a country like Dubai accepts Monero and they have a regulated exchange, promising development and do these exchanges have any regional restrictions to trade.

People who are planning to invest in any market should learn about what they are planning to invest in details and if someone owns the bitcoin.com and has a view point on what the real bitcoin is then there is no trick involved, people who are investing their money should know the difference between all the coins in the market including bitcoin and its fork coins, if not i see them as dumb and you cannot blame that someone tricked them, all it takes is a few hours or days to learn everything about the market and if they cannot do that who is to be blamed.

It is strange that a country like Dubai accepts Monero and they have a regulated exchange, promising development and do these exchanges have any regional restrictions to trade.

I can't say I'm a fan of Bitcoin.com and I can't stand BCH but it's nice to see monero getting listed on there anyway just so the n00bs see it when they get tricked into using that exchange.

Well then I'm sure it'll be a pleasure holding with you all the way on down to 0.00315 some time next year fella, good catch I punched in 96% twice there rather than 91% and 96% as was intended. Regardless of that, the peak I was talking about was the one in May/June 2014, from which I recall it being a decent bit over $6.00, and not the peak you were discussing. It would help if exact dates were mentioned to begin with I suppose.

Despite that, Bitcoin had quite a bit of time it spent at the bottom of its 'two 90%+ declines', and this trough is exactly what I think this is heading into, and I again speculate it will be a time period of over one year and I personally hold anyone saying the opposite of that to be talking their bags up in order to exit a market they themselves have realized has a seriously high chance decline another 50% from exactly here. Certainly wouldn't be the first time someone has done that here.

And if it wasn't quite clear to you, I said very specifically that I wouldn't recommend buying if you haven't already been buying, not whatever you've seem to have read it as. This is because people who haven't been buying, often chase markets in an upswing .. for which I'm quite solidly convinced this'd be nowhere near a reasonable upswing until 12 months or more .. so telling new money to enter would be a very nasty thing to do right now, in my opinion.

Top in BTC: 0.035
Now in BTC: 0.006
Lowest in BTC since: 0.006

a crippling loss of 83% at the lowest and is at it's lowest since peak right this minute

Top in USD: $475
Now in USD: $56
Lowest in USD since: $38

a crippling loss of 92% at the lowest and it's still a crippling loss of 88%

Years ago it went down from $6.50 to a quarter, which was a crippling loss of 96% and 0.01 to 0.00095, which was a crippling loss of 91% BTC-wise and we aren't even all the way there yet. That'd be at the 0.0014 btc/xmr or $19 mark so until I see either of those hit I really don't see a point in recommending a buy to anyone who hasn't already been buying it all the way down until this point. At least anyone looking to actually make money within the typical frame of next week or next month, or next quarter, or even next year.

Imagine losing 90% of your teeth. Or losing 90% of your tires where the only sane solution is replacement or implants at this point, viewed purely economically. So charts related voodoo aside, I think there's still plenty more to lose, while technologically there's not that much more to gain.

Viewed from the lossage side of things, March 2018 was the last time this was any good, viewed as if increasing price correlates to increasing success. That's 19 months, where the overall gap between when things sucked to when they were good last time was 26-27 months, and we're not past 70% of even matching that yet so if you've managed to find a comfort zone over these last months as far as managing to get away from checking the price every half hour it'd certainly still be reasonable to continue doing so for the time being.

This is explicitly a price speculation.

So unless you were to be implying that some point below 3.39% triggers the price to stop going down ..

And if it wasn't quite clear to you, I said very specifically that I wouldn't recommend buying if you haven't already been buying, not whatever you've seem to have read it as.

When did they stop requiring basic math skills at Russian troll farms? 91% loss from .035 would put us at 0.00315, not .001**.

Bitcoin has had two 90%+ declines in its history, from $0.17 to $0.01 in 2010 and from $32 to $2 in 2011. The Jan 2015 bottom was at 85% down from ATH and the Dec 2018 bottom at 84%. Note that it hasn't had another 90% decline in the last 8 years. Those are not regular occurrences.

Monero has also had two 90%+ declines, from $5.53 to $0.22 in 2015 and from $467.77 to $37.16 in 2018. Those bottoms are clearly established and hoping to get a 96% discount after you’ve missed the 92% off sale is a recipe for FOMO.

But please keep shoveling Siberian FUD coal into the steam engine, just try not to get run over when the train gets moving again.