Topic: [XMR] Monero Speculation - page 1265. (Read 3314316 times)

3 months 

Actually "pumps" is not bad for you as long as you can identify them and sell into the buy walls. That will distribute funds from pumpers into your hands. It's an excellent opportunity to increase your stash.

I think a major price increase also in and of itself can create true growth (demand) because it will make people notice the currency. Many will regret not paying attention to it earlier and once the price declines they will buy in. Just look at bitcoin, it's major bubble's always came with a ton of attention, and this has been the case for most altcoins as well. A major price increase will bring monero into the spotlight. And considering how awesome it is, that's where it belongs.

Monero cannot be pumped and dumped like a scamcoin can, because a scamcoin has founders who holds a large majority of the coins. They can withhold them from the market to artificially prop the price up. Monero on the other hand is much better distributed since everyone had to actually buy the coins, and they were never really cheap. What will happen is simply that people will take profit and prevent the price from going too high. It will be a currency that is difficult to pump n dump in the traditional sense, and even so it wouldn't be the death of the coin because it has fundamental value other than scamcoins that consists of only hype and fancy marketing.

So what I'm saying is that a pump can also fuel true growth. These two are not mutually exclusive.

I think it's important to welcome ALL market activity. Increased liquidity and volume is good for the currency. It increases its utility. If you don't like a certain market activity, or if you feel like someone is profiting unjustly. You can trade against it and make profit. The more activity the better, all the different actors will eventually cancel each other out and turn the currency more stable.

We dont want your pump and dump, we want true growth.

This may have a small effect on markets in the future...

https://bitcointalksearch.org/topic/get-ready-for-monero-to-go-up-soon-1520564

MAAM #21 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4ozr3w/maam_21_monero_ask_anything_monday/

Historically 0.002 has performed poorly as both support and resistance. 0.00225-0.0023 is probably a better support zone for now.

yes but at around 0.002 it was weak support imho




omg... i think you need to fix your targeting device.    

Target on my chart is between .0067 and .01. 

I'll post the bearish option later, when I get access to my charts.

There's a support zone to break first. If a price makes a local top it usually gravitates back to one of the support zones (previously resistance). Since it kind of "bubbled" such a deep retrace was expected. Will probably take a few more days before selling pressure gets exhausted.



Regarding that somewhat larger sell, it was probably that part of that 30k wall which seems to be gone now.

xmr whale need to realize profit because as we can see from the chart, target is below  0.002,  maybe 0.0018

Anyone can take my advice as it's exactly what I am doing. If you make money good for you and if you don't then I don't give a shit and feel free to sue me.

What else is new ? 

From what I could tell, it was a legit sell, XMR lending didn't budge (to my knowledge) when it happened. So, either a long capitulating, or spot coins being sold.

Now, that doesn't mean it wasn't an attempt to force the market down. Its a known tactic to put up heavy support of your own, and then sell into it (costing only transaction fees), to convince other people to panic out of their position so you can purchase lower. However, I'm not sure which one is more likely; we had a pretty significant rise recently, and it may have just been a large long capitulating. Thats markets for you!

Was that a legit sell or a short (23.5 btc).  There was probably around 30-35 BTC total.  It was like they're trying to force down the market on purpose.

Monero bi-weekly dev meeting note highlights - 2016-06-19 (by aerbax| logs forthcoming):

https://hellomonero.com/article/monero-bi-weekly-dev-meeting-note-highlights-2016-06-19

Actually the long term trend in the market capitalization chart of Monero says that funds are moving into Monero rather than out of Monero. https://coinmarketcap.com/currencies/monero/#charts.

looks like a reasonable target range.

EDIT : i  mean 0.0018 as the end of the triangle in the pic

Back to speculation... this is my bullish take:

https://i.imgur.com/xInGnV0.png

We're also bound to have a golden cross on the daily (SMA 50 crossing SMA 200 while both are trending up). Bitcoin's golden cross was here:
https://www.tradingview.com/x/CCMWrhdQ/

Don't take this as financial advise though.

I mean.. I have been a supporter of this project for more than 3 days, but I appreciate you trying to save me from my oppressing "overlords".

C'mon dude, get a grip...

Great, another foot soldier. Nice that you are stuck in your 3 day needle. I'm sure you are sleeping well with that thought of good ole libertarian views and the amalgam of ring signatures and freedom. This thread becomes more entertaining when peons like you stand up and fight the war for the overlords dumping over you. There was a time when you could recruit more new retards into this game, but that time is gone so it's that much more fun. Some of us will definitely try our best that newbies not fall for this crap anymore, beyond that it is their prerogative.

Let me also tell you that I hate the maggot trolls like primer-, BCX, Spoetnik ever since he went full retard on monero (meaningless personal drivel), all these other shitcoin peddlers. Fact is they did little to damage the perception of the coin, it was all done by and within this community itself. It's funny that pegasus and the likes go sobbing to Voorhees (who says he will read about Monero lmao, really?), Antpoo and the other whales. You also don't see gmaxwell or all those initial day intellectuals pushing monero anymore. They do have vested interests in zcash, but unfortunately thats the way baseball go ..