Topic: [XMR] Monero Speculation - page 1298. (Read 3314316 times)
IMHO when people will be able to liquidate their DAO ETH will dump hard and ALTS will drop too. Many people who bought ETH for the DAO pump are sitting in 50% + profits, not a bad gain to lock in.
A picture is worth a thousand words. Indeed, the lifetime market cap does tell a completely different story.
Usually it is a great selling opportunity when we have the walls.
I am not giving any trading advice here - everybody shall do their own due diligence.
I am a buyer when XMR hits 0.001 (probably during the upcoming 6-7 months).
I am not giving any trading advice here - everybody shall do their own due diligence.
I am a buyer when XMR hits 0.001 (probably during the upcoming 6-7 months).
Um, I know how market cap works. My question is, who are these lunatics constantly manipulating XMR buy side walls to such extents. For example, on BitFinex right now, there's some guy who adds +2000 BTC to wall when he wants price to go up and removes 2000 BTC support when he wants to buy (it's currently down). This is only around 20% of the wall total. On XMR, the "float" of manipulation is 80% of the wall instead of 20% lol.
How does this coin go from 180 BTC to 1000 BTC, then back to some negligible number over and over again buy support - repeat cycle to infinity.
Take a look at market cap rather than price over the last two years to see what is really going on. https://coinmarketcap.com/currencies/monero/#charts.
Market Cap measures the valuation the market places on the whole project. For a stock price is an excellent proxy for market cap. For an ICO coin such as Ethereum, or a massive premine/ninjamine such as Bytecoin price is a reasonable proxy for market cap since the the subsequent POW emission is small when compared to the initial number of coins. Even for a significant instamine such as Dash it is questionable at best.
For a POW coin that is mined from the Genesis block with an emission curve comparable to that of Bitcoin or Monero price fails completely as a proxy for market cap during the first years. Let us say when the annualized inflation rate is above 10%. This is something one should keep in mind when considering technical analysis.
Bitcoin Bull Bear: I respect your work a lot; however the technical analysis for Monero, Dash and Ethereum are fundamentally different for the above reason.
How does this coin go from 180 BTC to 1000 BTC, then back to some negligible number over and over again buy support - repeat cycle to infinity. Let's summon the relevant MatTheCat quotes:
This Bullshit aint the work of an aggregate market.
it is futile trying to read these markets
these markets are just not to be traded
I can't reasonably expect to be able to play these markets
Interestingly Coinmarketcap now also lists volume of XMR pairs, in addition to the XMR/BTC pairs, see:
https://coinmarketcap.com/currencies/monero/#markets
https://coinmarketcap.com/currencies/monero/#markets
Can somebody please direct me to the Monero Speculation thread?
Several life times ago I moved out of a r0ach infested apartment. I washed and vacuumed everything before I placed those things in a box that had boric acid in it. I then sealed the boxes with tape. I then loaded up a rented truck and set off a few r0ach bombs. I did not open the truck till the following day. I moved the stuff in to the new place which was r0ach free, the whole neighborhood was r0ach free. Within a couple of days I saw r0aches. Maybe they came from one entity.
Yes, yes I know, it's the second elephant.
Several life times ago I moved out of a r0ach infested apartment. I washed and vacuumed everything before I placed those things in a box that had boric acid in it. I then sealed the boxes with tape. I then loaded up a rented truck and set off a few r0ach bombs. I did not open the truck till the following day. I moved the stuff in to the new place which was r0ach free, the whole neighborhood was r0ach free. Within a couple of days I saw r0aches. Maybe they came from one entity.
Yes, yes I know, it's the second elephant.
I think that part of the money invested in the DAO has been by new commers to the cryptocommunity.
I don't. The DAO was denominated in ETH and the ETH price wasn't going to the moon or anything while people were putting money into the DAO - meaning it's mostly just existing Eth holders. Eth was clearly pumped by a single entity afterwards.
I personnaly think we are waiting for the best part of ETH pump. moreover, if you are expecting that only money coming from eth pump to fuel BTC pump, this would be one of the most boring pump in BTC history. 
Re-read yourself. pump-pump-pump-dump-pumppump-dump. There is no external money left. Enclosed caseings.
I was being sarcastic after the first ".".
I personnaly think we are waiting for the best part of ETH pump.
Lol, and who is going to buy be the buyer? A large amount of people in Bitcoin have no interest in altcoins, let alone buying altcoins at the top of a bubble. The pumpers can only pump as long as there are people to dump on. The current charts show more willing Eth sellers than buyers. The pumper knows this; he can take a gamble and try to go higher, but it would not be a rational move unless he can short squeeze. Then he also has to make the calculation there are no shorters willing to out-muscle him.
The game theory to me says going higher would be a dangerous move. I think it will either slide downwards to break that fib level, or he will try to manipulate it to go sideways to find people to dump on over a more drawn out period of time before May 28th hits and Eth implodes.
I think that part of the money invested in the DAO has been by new commers to the cryptocommunity. That why I do not believe in a strong correlation between what will happen to the DAO/ETH and BTC. Anyway, let's just watch closely what happens in the next week and see who was right.
I personnaly think we are waiting for the best part of ETH pump. moreover, if you are expecting that only money coming from eth pump to fuel BTC pump, this would be one of the most boring pump in BTC history.
Re-read yourself. pump-pump-pump-dump-pumppump-dump. There is no external money left. Enclosed caseings.
I personnaly think we are waiting for the best part of ETH pump.
Lol, and who is going to buy be the buyer? A large amount of people in Bitcoin have no interest in altcoins, let alone buying altcoins at the top of a bubble. The pumpers can only pump as long as there are people to dump on. The current charts show more willing Eth sellers than buyers. The pumper knows this; he can take a gamble and try to go higher, but it would not be a rational move unless he can short squeeze. Then he also has to make the calculation there are no shorters willing to out-muscle him.
The game theory to me says going higher would be a dangerous move. I think it will either slide downwards to break that fib level, or he will try to manipulate it to go sideways to find people to dump on over a more drawn out period of time before May 28th hits and Eth implodes.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
Please TC....after all this time everyone in here knows your "TA" is based exactly on your trading positions and not the other way round.
I guess this makes you kind of a funny mascot but it is getting old. I really don't understand why you would choose the relatively contained volatility of XMR for your BTC accumulation. There are markets you could throw any way you wanted with your funds.
I don't know what his past posts were, but that one is dead on. We all know the Bologniex casino illogically trades as an index now, and Ethereum is in a bubble that will likely be sold off before BTC halving comes. Unless he wants to lose money, the Eth pumper has to dump before May 28th when the ETH DAO can be sold - and the Eth charts are starting to look shaky now. Once the Eth dump begins, all other alts will likely stop any upward momentum. The Eth dump will be momentum traded into buying BTC for halving, and alts typically go down when BTC goes up.
It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to exit that market completely.
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I personnaly think we are waiting for the best part of ETH pump. moreover, if you are expecting that only money coming from eth pump to fuel BTC pump, this would be one of the most boring pump in BTC history.
It's more like: you don't short non-aggregate markets because it's the equivalent of throwing darts at a dartboard.
I was sorely tempted to go leveraged long at ~180k, but didn't due to
1. Pegasus' "don't be me" advice, and
2. my obscure 2FA device takes a while to boot up.
/shoulda woulda coulda
You face a similar decision to two days ago. The price is at 215k. In a few weeks it might be at 450k, or 120k. Either way, margin is gambling pure and simple. As a highly visible member of the community, the only thing I can ethically recommend is that no one should ever buy Monero on margin, nor should ever short Monero..
That said, the odds are probably more in your favor now than they were a month ago, but that is all you can surmise - relative probabilities. There are still no guarantees about the future of the price.
Proper investing is a different story: one can take a rational survey of all the different blockchains in existence and come to a conclusion that Monero is the best one - therefore parking your value in Monero and sitting isn't such a major gamble, in the long-long term. Usually superior tech trumps all others (especially with this field of clowns we face). You could still lose, but you would have lost making the best possible decision.
But margin? You have to predict that more people will buy more Monero now vs. later. That's a hard damn thing to predict, and the moment you are margined your emotions will come into play. It's also a zero sum game. The only things that will truly make Monero more valuable are a.) more computers mining it and b.) more people believing it has value and desiring it. Traders washing bits back and forth between themselves does nothing but add a little liquidity to the market and help price discovery.
I don't really agree with the bolded (shorting). Shorts provide usefull liquidity, both to the extent of volume and bids/asks (they have to buy back at some point). Also, if one doesn't use leverage whilst shorting it isn't really that more risky. A trader denominated in USD would prefer a short over "selling in order to buy back lower" any day.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
Please TC....after all this time everyone in here knows your "TA" is based exactly on your trading positions and not the other way round.
I guess this makes you kind of a funny mascot but it is getting old. I really don't understand why you would choose the relatively contained volatility of XMR for your BTC accumulation. There are markets you could throw any way you wanted with your funds.
Guess he ought to change his signature back to the original one. At least (newer) people will know his intentions then.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
Please TC....after all this time everyone in here knows your "TA" is based exactly on your trading positions and not the other way round.
I guess this makes you kind of a funny mascot but it is getting old. I really don't understand why you would choose the relatively contained volatility of XMR for your BTC accumulation. There are markets you could throw any way you wanted with your funds.
I don't know what his past posts were, but that one is dead on. We all know the Bologniex casino illogically trades as an index now, and Ethereum is in a bubble that will likely be sold off before BTC halving comes. Unless he wants to lose money, the Eth pumper has to dump before May 28th when the ETH DAO can be sold - and the Eth charts are starting to look shaky now. Once the Eth dump begins, all other alts will likely stop any upward momentum. The Eth dump will be momentum traded into buying BTC for halving, and alts typically go down when BTC goes up.
It's probably over for Eth rise. I wouldn't short it either since it's not an aggregate market and the single entity manipulating it would just try to squeeze you. The only logical move is to exit that market completely.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
Please TC....after all this time everyone in here knows your "TA" is based exactly on your trading positions and not the other way round.
I guess this makes you kind of a funny mascot but it is getting old. I really don't understand why you would choose the relatively contained volatility of XMR for your BTC accumulation. There are markets you could throw any way you wanted with your funds.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
The Eth pumper has to dump before May 28th when the $150 million DAO denominated in Eth can dump on him. Those two huge Eth dumps in a row will likely all be momentum traded back into BTC. With Eth crashing and BTC rising, I think it's inevitable the rest of alts will be dumping too.
Soon some consolidation around 0.0018-0.002 area with stability.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
After that one more dead cat bounce which is the last selling opportunity before the deep and long dive.
0.004'ish price will be regained in spring 2017.
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