Topic: [XMR] Monero Speculation - page 1360. (Read 3313576 times)

That's what I'm saying. XMRBTC may be totally irrelevant. If so, there is no need to pay much attention to levels like 0.001 etc

It is hard to say if XMR is failed... It depends on many factors, such as is there tech development going on, is the funding sufficient to take the tech to the level it should be. If the aswear is yes, then the likelihood of failure is significiantly lower.

Monero has traded sub 0.001 (in fact I have bought some coins sub 0.001 level, but something like 20 or so coins only).

The other factor to consider about the success vs. failure is the community. Is the community willing to support 0.001 level or not. If not, then it probably goes to 0. If yes, then there are chance of rising back and even to go to ATH and these bullish predictions of 2000 usd/xmr.
However, the major obstacle to achieve these high levels are the whales. Most likely the whales will "redistribute" their coins to the smaller fish on the way to 2000 usd per coin and thus giving resistance to the way up there. If everybody refuses sell any Moneros below 2000 usd and everybody is willing to buy any Monero they can afford sub 2000 usd it is possible to achieve. As long as there are weak hands and coin is highly speculative, the price crashes if even a noob-account farts a bad smelling fart and start to shit on others (sorry my language).  

I do not think the price of BTC has that much to do with the success of XMR, it is an independent currency and BTC is only a tool to channel dollars into XMR.

well XMRBTC is only part of the story. We can easily go to sub 0.001 and be above $1 if BTC moons. Will you say XMR has failed then ?

near 100k XMR for sale under 300ksat.  up about 100K from 16 hours ago 

Well shaking those means basically we can forger Monero because it means significiantly lower price to shake them away (something like 0.0005 or lower) and at that point, if there are still developing going on, I would estimate the competition for the coins are pretty fervent since quite many can afford to purchase a significiant part of the network.

I will start buying at 0.001ish with significiant accumulation with the target to purchase quite large stake of coins so probably without leg up to new high we will go there, but there are some resistance on the way down.

If the price goes up, I am more than happy (actually I hope more the price to rise towards new ATH more than drop back to the levels of December 2015).

Yea going to 0.001 may shakeout myself as well 

Ya, you wait for that     0.001 will be very difficult to reach, IMO. 

Ha. Why not shake out everyone?

Could happen, but then XMR is dead and you can start shorting to 0.

Shaking out people who bough at 0.001 would be even better so lets wait for an all time low

~50% retrace of the rally & some significant support, maybe we'll see a bounce. If we are going to see new ATH any time soon then bulls should protect this levels. Else we will move to the next range 0.0016-0.0022.

edit: Many people are not afraid and saying that their average is ~0.002, maybe we need to see more pain and shake those people out?

Anyway my average buy price is around 0.018 so I'm eating popcorns meanwhile Monero does Monero things, and if it goes lower than 0.02 I will buy more

Time to add more xmr thanks dumpers.


Edit: what I see looking in from btc is a manipulative dump with some follow through selling to paint the chart as if the price is heading back to 0.001. Hopefully I can pickup a few 10k more if it slides down further. What a thin market this is.

Despite alts dumping btc hasn't budged. It will break down or up soon (order by my assessment of direction) and then things get interesting. ALTs are probably going to have a tough time unless btc moons. Time to begin accumulating if you believe in the XMR chain.

As I'm sitting there, perusing the chart, I note that there are 35K+ XMR down to 242.  Thus far, an accumulation like that has typically been dumped on within a minute or so.  And within a minute, it was.  This is getting predictable. Final dump?  Doubt it.

Nope :/

https://petertodd.org/2016/btcc-funding

No explanation why though:

And here Peter Todd loses his mind thinking that he is somehow in control of bitcoin + reveals the Blockstream agenda:

I'm gonna go with 247 

Everything is red on polo on btc market now. So its not only xmr. eth is also getting hammered significantly. The question is where is bottom?

It is because Monero is way too speculative at the moment.
There are not much (significiant enough) fundamentals to maintain the price apparently.
However, these issues probably will be fixed soon ^TM.

Personally I am still bullish but only long term. I am a buyer at 0.001.

How easily sentiment changes to bearish...