Topic: [XMR] Monero Speculation - page 1356. (Read 3313576 times)

I think you got things kind of backwards here.  If you had been paying attention to the Bologniex casino at all lately, you'd notice all of a sudden you'd have these days where numerous altcoins were all up 15% with the entire board going green.  Now we have the same type of days in reverse with them all going red.  It seems like there's some type of big money indicies that can't be bothered to investigate any of these coins and just started hedging in them.  Now they seem to be reverse hedging for BTC halving.  In the past, you never really saw days like this where all altcoins follow each other no matter how bad or good.

Help me with some personal perspective, here.

To me, it seems a little bit like XMR was the catalyst for this entire bloodbath weekend for alts.  XMR took that massive pounding on the huge selloff Friday evening.  I could be wrong, but it sure seems to me as though at the time, XMR was the only alt significantly in the red.  Most of the rest of the leaderboard on Polo was still green until sometime Saturday, and then the selloff was pretty far and wide Saturday night and Sunday. 

Am I imagining this?

Does it mean anything that XMR would be the canary in the coal mine?

As always thank you for your unique insights.

http://www.investopedia.com/terms/h/hammer.asp
http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Hammer.html

Look at the handle on that thing!
Also, record high XMR/BTC volume day, in the books.

Repietila did say a while back if/when  Monero gets in the .004's its a good time to sell some, can't complain about that advice

I dont see another red hammer coming up next week unless XMR gets banned worldwide

What is a red hammer?

Red hammer just got painted on the daily XMR/XBT chart.

MAAM #11 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4e85ni/maam_11_monero_ask_anything_monday/

As has been stated by many here, this time is not like last time   

If we hang around sub .0025 long enough, I will likely add some BTC to polo.  I have no idea which way it will go, but its been fun so far, and bound to continue to be a roller coaster.

Im still laughing at this dump last year it took 4 weeks to dump back to 0.0020 this year it took 3 days


Panic dump will follow with panic buy  0.005 will be the target but it could go to 0.01 untill we see another nose dive back to 0.004

LOl it is just a wild guess. Not based on any solid information. I like the fact that monero is here for a long time sure.
But there is no guarantee it will succeed.

Pumper identified

74%? how can you say 74? why not 76?

I disagree.
Monero has a 74% chance of succeeding.  You can hang your Kelly hat on that!

My Dad always said, "It takes money to make money"!

There are many assumptions about the Bitcoin markets that are simply no longer the case. The most blatant is that the  most liquid XBT markets or the "major" markets are XBT/USD pairs. This is simply no longer the case Ethereum accounted for over 50% of Bitcoin trading, over the last 24 hours, with by far the largest Bitcoin market being the ETH/XBT pair on Poloniex. By comparison XBT/USD  accounted for around 17%. during the same period. One can see this by comparing https://coinmarketcap.com/currencies/bitcoin/?markets=all#markets with https://coinmarketcap.com/currencies/bitcoin/?markets=main#markets. Note I have excluded the exchanges that have no trading fees mostly in China due to the high probability  of fake trades; however they may be some legitimate trading going on there.

XMR/XBT on Poloniex accounts for 1.8% of Bitcoin trades followed by DASH/XBT and MAID/XBT on Poloniex at just under 1% each. To put this into perspective XMR/XBT on Poloniex is comparable to XBT/USD on Coinbase at 1.9% and was actually ahead earlier today.

What we are witnessing is a shift of Bitcoin trading away from fiat to alt-coins, with by far the preferred choice being Ethereum followed by Monero and Dash.  We have also witnessed Poloniex becoming the largest Bitcoin exchange by volume. We are also seeing a lot of the value in Bitcoin moving towards the alts rather than fiat. One possible outcome here is that a shift from Bitcoin to another alt-coin will not necessarily imply a lost in trust in Crypto currency as a whole.

So what do I see is the impact on Monero. First the fundamentals have not changed over the last few days. Secondly Monero is starting to be traded as a hedge against Bitcoin's problems. Over the short term this will lead to extreme volatility as we have seen lately; however over the long term this can be very bullish simply because of Monero's minuscule market capitalization when compared to Bitcoin. One significant factor here is that there are ample supplies of XMR available at a price. This will fuel both liquidity (good) and volatility (bad) over the short term. Also if Ethereum stumbles it is quite possible for a major upside move in Monero with possibility Dash and Maidsafe coming along for the ride.

Me too!  I think they are going to bundle those mortgages and sell them to Iceland or something like that.  In the mean time, more moneroj!

I showed my bank manager a post by fluffypony saying we should not invest in monero. That convinced him enough to let me mortgage my future space yacht to be able to buy more monero...