Topic: [XMR] Monero Speculation - page 1345. (Read 3313670 times)

I am not here to slander you.. I am here just to have discussion. I am indeed interested in knowing what the future will bring us because I can monetize it. That's why I am here pretty much, learning from wiser people and indeed I am curious/interested in your predictions if you have a track record of great success, and obviously you do not even need to be always completely right, it is enough you are more right than wrong and that there is bigger reward for being right than the financial punishment for being wrong.

Personally I traded also the silver break out in 2011 and I did it with 4 times leverage via online broker. I made killing, I remember I was walking on the streets of Vaasa city (those of you who do not know, it is a city on the west coast of Finland) and I lurked my trading account approximately worth of 10 000 euros growing like heck. The feeling was magnificient and it was fast ride... I think I did not hold the position open the whole ride though so I could potentially have been made more money (I had the position open for some time though, it was so called "swing trade").

At some point in 2010-2011 I even installed some kind of btc wallet when it came but I found btc too technical for me and I gave up with it. It was the biggest mistake of my investing. Too close to be there but yet did not search enough to make it happen. Wise people will learn from my mistakes and the smart ones will learn from their own mistakes.

Yep.  Still going for pretty damn accurate summary.

So it looks to me like XMR has bottomed.  I could be way off but this is a lot of volume compared to what I remember XMR being several months ago (500K).  Also this is really going to be the last several months that Monero has reasonable emissions in my opinion.

At some point it feels like Monero has to go past Dash.  The only thing I can really come up with is that the artificial controls for the Dash emission combined with the super high XMR inflation rate early on has really skewed with the market caps on both.  I feel like it's pretty safe to assume that Monero jumps past Dash this year.  After that I don't know.

If an anon currency came in that cleaned up and made Monero obsolete AND bitcoin tanked to the point of a market depression hitting and all alts outside of whoever is leading (bitcoin / ethereum) then I suppose Monero would drop further.  But outside of that event it's really hard for me to see the downside being all that much compared to the upside.

I don't know why you can't read what you write:

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How is saying I always lose money on every trade any where close to reality when I had already stated that I bought silver at $8 and $9 during the crash. Fuck man. Disingenuous much.

What did I presume that wasn't written?

TPTB accurately predicts things but has had bad life luck that's lost him money by things out of his control (was unable to sell silver even though it was at it's all time high and he wanted to.  Was desperate to make money due to domestic reasons).  Also let someone talk him into a bad investment even though he knew it was a bad investment. 

How is that inaccurate?  Now we can move on instead of debating your abilities.

You do if you want to have physical in the Philippines.

The presumptions you guys make. Do you think I am total clueless idiot and I wouldn't know that.

When Jason Hommel was holding my silver it is because that was 2007 and I had only started gaining interest in precious metals in 2006 for the first time in my life. The first time I ever held a gold coin was in 2006. I had no clue where and how to buy the stuff and I got into it because of Hommel, so I trusted him. Obviously after the $21 incident, I learned very fast.

Realize at that time I was more interested in programming and technical pursuits and I viewed the management of my savings as a side show. So I wanted it to be convenient so it wouldn't disrupt my main vocation and interests. And I was also traveling to Asia and I didn't have any one to manage my affairs in the USA. And that is why I am telling you  I don't have the correct lifestyle and situation to be a speculator.

'Backsplaining'. Your summary didn't even apply any accurate mental effort. How can you write a summary that presumes what wasn't written.  That is not the definition of a summary.

Not slander at all ... intended to use a question mark.  I was just summarizing this long self analysis that you are rattling on about in the speculation thread.  I figured if I summarized those interested could digest it quicker.


You take yourself too seriously.  You continually make yourself the topic of discussion so it's not really out of line.  (IE - if TBT wants to discuss his abilities as a speculator then summarizing what he says about himself or questioning his abilities are on topic).  

The rest of us are just chiming in with opinions ... your ego is really the only thing being discussed which you wanted to talk about.  You simply have no tolerance for opinions you don't like apparently. 

My predictions are all public record. They were correct. Now you slander too much. So I will tell you to stick it where the sun doesn't shine.

And take any butthurt ego with you and don't let the door hit you in ass on the way out.

You can start with this one mr. fatlip:

http://www.marketoracle.co.uk/Article23786.html

The fucking useless egos are here are too much. I am out of this thread. Enjoy yourselves.

Never do you guys respond on fact or point. It is always about comparing your egos. It is hopeless.

So then basically everything you've said is just words.

No facts/proof to back up your bold claims.

No worries. On to the next thread...

Of course you are going to write a presumption that attacks me, even I didn't write what you just presumed. I don't see question market on your accusation. Do you have any facts to back up that slander?

Of course I had winning investments. But I also screwed up enough times as well basically because I was trying to please two masters and I made the mistake of doubling down on the worst one at a time when I was in a desperate situation. Note I had no income for many years after 2010, so I was also depleting my wealth faster than I was gaining a ROI. And one of the main reasons for that is I was ideologically committed to gold and silver from 2006 to 2011. Which was the wrong time. I did buy silver at $8 and $9 (and even minting rounds which I was selling to rpietila for his silver business in Finland and even I advised rpietila how to handle the confiscation by selling the silver the govt had confiscated which worked out perfectly) but I was also caught at $21 and when I asked Jason Hommel to sell all my silver at $21 (he was holding it for me), he refused. So by the time I had sold, it was $13. He had also talked me into investing in mining stocks even though I had been warning in his forum over many months that I was expecting a crash but every time he rebuffed me and at that time I was working on a website for him to compare mining stocks so I was conflicted. Oh so I guess I did have a little bit of income in that period from him (prior to 2010), but it wasn't offsetting what I lost of my original 18,000 oz of silver.

To trade silver you do not need a dealer do you.

https://bitcointalksearch.org/topic/m.11329427
May 15, 2015

So basically you're awesome at predictions but you don't make any money due to emergencies that always hit you between the eyes whenever you get close to winning big.

My response made it clear I understood what he meant and I also explained that if I were invested I wouldn't be as objective.

Also claiming that someone can make correct predictions the majority of the time means they should be rich from speculating is lacking some basic understanding of life. One of the main reasons I failed as a speculator is because I was unwilling to revolve my life around speculating, so for example even though I made the correct prediction of when to buy and sell silver, I didn't have my fiat and silver in the right places to make the trades. I had fiat in the USA that I couldn't get to Manila without putting me in some FATCA reporting scenario and I had physical in Manila that the dealer refused to buy or find a buyer at $48.

I am a programmer and a sportsaholic, and have my head and free time deep in other priorities. I don't want to be a speculator and be married to my investments 24 x 7. That doesn't diminish my ability to analyze markets.

The other reason I failed as a speculator is because I didn't know how to control my rationality when the combination of my illness messing with my adrenal function right after the May 2012 ER hospitalization, and my ex showing up to yank my kids unannounced in the same month, sent me into a tizzy trying to score big in the markets so I could afford to do something drastic about that situation. Which caused me to double-down ($75,000) on an irrational premature short bet on China led by newsletter writer Graham Summers. I wasn't doing research (unless you consider getting hoodwinked by a newsletter writer research), I was acting on my desires of what I wanted to happen. I actually observed Martin Armstrong be correct on everything Summers and others were wrong on and that piqued my interest. The more I studied with a skeptical attitude, the more rational it became.

So yeah I decided not to speculate because I made a lot of money in my life programming and creating. And lost most of it speculating, even though I had many correct predictions. I think it is important to recognize my strengths and weaknesses.

I think what he was eluding to is that by making such a comment you must then be really wealthy if you are nearly always right?

If you believe your own calls you would be investing accordingly (buying and selling) at times that are the most "opportune".

Care to share your trading record (of actual trades + profits) with the rest of us?

I asked Goat the same question over a year ago when he was mouthing off about how he was so "spot-on" with his market movement calls. Are you not going to back it up with actual trades/data?

No pressure. But without any skin in the game that anyone can see, making calls/statements like you did don't mean much.

What "decline" to $26 silver in October 2010?

That was during the time of the run up from $17 to $48.

A person who can predict the future with enough certainty (even if he/she is not 100 % right) can accumulate a significiant wealth with a few trades only.
Let's say, a person predicted silver to rise from 10 usd to 48 usd, you made 4.8 times your money. Then predicting (and shorting) btc all the way down from 1000 usd to 200 usd you made 5 times your money (minus the cost of shorting), then buying XMR for 20 cents each when btc was at the bottom and you closed the short in btc and then selling XMR at 1.65 you made 8 times your money.... Even if you started this type of trading with only 1000 usd you would have ended up being pretty well ROI (from 1 k to around 200 k).

And your point is? Either my predictions were correct or they weren't. Did you have a point?

Do you think I would be as objective if I was invested. Use your brain please (ego butthurt shit doesn't help a person be rational).

Wow! You must be a billionaire!

I told you guys a month or so ago, that XMR had broken out against BTC and that it wouldn't make lower lows w.r.t. to BTC, but you needed to sell some because the market is going to be incredibly volatile and bear market directed until later this year or Q1 2017.

I explained the reason in my prior post, if you click off to read the detailed post, you will learn something.

No one listens to me  even though I am nearly always correct on the markets. How many examples would you need. I called the first top in ETH, then the overall top in March before others did. I called the rise of silver from $25 to $48 and decline to $26 on Oct 2010 many months before it occurred. I called various moves in Bitcoin such as predicting on this forums last April or May that Bitcoin would rally to $320 then decline.