Topic: [XMR] Monero Speculation - page 1368. (Read 3314669 times)
Volatility coming in, 3 day macd flips within a week. Hopefully we kiss it and blast thru 430, keep ya stops tight.
my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money?
If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money?
I should have had been more specific: money here is crypto (XMR or BTC). Not fiat in this case, I try to keep fiat and crypto separate.
I have increased my networth with swing trading XMR-BTC pair. Actually trading it has been the only way to make money with it. Investing has been pretty bad (unless you did not initially buy at 0.001-0.002 levels).
I have made some bad calls obviously but it is enough 51 % of calls are accurate and in case of inaccuracy you cut the loss as fast as possible and when the call is right, let the profit run long enough.
The money I have been making by trading has been used acquiring Monero. Now there is an opportunity to lend XMR to others so I do not need to take too much risk of the fluctuations but still I am able to make money so I do not have an urgency to play pump and dump game also from that matter. And when there will be more opportunities to lend XMR with collateral and high rates, I am willing to employ part of my coins into that purpose, I like to rake/squeeze as many XMR as possible and hold them tight. I do not have any need to spend those coins, currently I am making more than enough in fiat so I do not need to sell my cryptos but I can accumulate more (prefertably by lending/investing).
Would you teach your trading knowledge and skill ?
Well, in the first place. You do not want to trade with 97 % of coins (unless there is an option to short).
Then you seek the momentum when to enter the trade. Shorting is a tricky play with pump'n'dump since nobody can predict how far it goes exactly and the risk is you get margin called before it starts to drop.
However, when it starts to drop and it is a clear pump'n'dump scheme the gambling community are running, then you just start to selling when you see threads: "XYZ coin is a scam, beware".
The other common mistake is to fall in love with your position. If you have pre-determined to stick with certain position and the position is wrong, then you pretty much let the losses run.
I find it harder to teach trading (I made my living with day trading in 2009 in Oslo stock exchange, I made a decent money with it - better than in working but at some point the stock started to run too fast and I lost my interest and went back to real work).
Volume seems a little slow. But then it's more than double anything else on Polo with the exception of mETH.
Considering almost 1300 BTC of buy orders and that redonkulous depth chart, I'm surprised to see it languishing.
Maybe China will wake up and smell the Moneroj one of these days.
Considering almost 1300 BTC of buy orders and that redonkulous depth chart, I'm surprised to see it languishing.
Maybe China will wake up and smell the Moneroj one of these days.
445 BTC buy wall @XMR isnt this just confirmation were going to the moon 
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
Putting it close to market price is a new one...
Yeah, that was a bit surprising.
Are there are no more takers? Untouched for 3 hours.
popcorn.gif
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
Putting it close to market price is a new one...
Yeah, that was a bit surprising.
Are there are no more takers? Untouched for 3 hours.
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
Putting it close to market price is a new one...
Yeah, that was a bit surprising.
This is the most epic wall-based drama since the Battle for Castle Black!
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
Putting it close to market price is a new one...
Yeah, that was a bit surprising.
This person must be a millionaire (or Pegasus level crazy about XMR).
Are you sure you want another Pegasus
another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
The other purpose (besides fun) is to force up bids, in order to offload the asset. Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand. Worst case, you end up with full bags at the wall price. Win - Win
It will also has the potential to shake out some dumpers, and instigate a few shorts , making the ensuing (assuming) rise more powerful. Waiting. Watching.
Exactly what happened, look at the data here:
http://monerodice.pd.to/polo.php
Relevant around 00:00 UTC. Compare to the 1 minute chart here:
https://bitcoinwisdom.com/markets/poloniex/xmrbtc
another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
The other purpose (besides fun) is to force up bids, in order to offload the asset. Occasionally your wall buys, but for the most part, you sell above the wall, assuming there are other bidders, in sufficient quantity to meet demand. Worst case, you end up with full bags at the wall price. Win - Win
It will also has the potential to shake out some dumpers, and instigate a few shorts, making the ensuing (assuming) rise more powerful. Waiting. Watching.
the individual who put it there has the capability to moon us if he so desires.
Eww.... another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
Seems like a real buyer. This is pretty great news imo. Someone wants to buy a lot of XMR for whom buying $180,000 of XMR is not only possible, but a reasonable allocation of their wealth. This person must be a millionaire (or Pegasus level crazy about XMR).
another 15.000 XMR dumped into lol still holding
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
EDIT: 90BTC dumped into the wall another millionaire joining XMR?
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
Putting it close to market price is a new one...
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
I see a few 1000s beind dumped into to test it still holding lol
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
Walls are not reliable.
However, the individual who put it there has the capability to moon us if he so desires.
445 BTC buy wall @XMR isnt this just confirmation were going to the moon
my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money?
If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money?
I should have had been more specific: money here is crypto (XMR or BTC). Not fiat in this case, I try to keep fiat and crypto separate.
I have increased my networth with swing trading XMR-BTC pair. Actually trading it has been the only way to make money with it. Investing has been pretty bad (unless you did not initially buy at 0.001-0.002 levels).
I have made some bad calls obviously but it is enough 51 % of calls are accurate and in case of inaccuracy you cut the loss as fast as possible and when the call is right, let the profit run long enough.
The money I have been making by trading has been used acquiring Monero. Now there is an opportunity to lend XMR to others so I do not need to take too much risk of the fluctuations but still I am able to make money so I do not have an urgency to play pump and dump game also from that matter. And when there will be more opportunities to lend XMR with collateral and high rates, I am willing to employ part of my coins into that purpose, I like to rake/squeeze as many XMR as possible and hold them tight. I do not have any need to spend those coins, currently I am making more than enough in fiat so I do not need to sell my cryptos but I can accumulate more (prefertably by lending/investing).
Would you teach your trading knowledge and skill ?
my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money?
If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money?
Selling XMR to buy back lower doesn't actually generate additional money (fiat wise). For example, if you sold 100 XMR at 1$ and bought 200 back at 0.50$ the total dollar value of your holdings would still be the same. Alternatively, one can use 50$ to buy back the same amount sold and use the additional 50$ for other opportunities. However, not selling in aforementioned situation will almost certainly generate opportunity costs and a decline in total value of holdings.
The only way to make additional money (fiat wise) on a declining price is shorting the asset (which is Monero in this case).
You make the money by having more Monero when it goes back up again.
You can't be sure it goes back up though.
my predictions have good odds to make actually some real money.
Can you elaborate? This can be a confusing statement when discussing cryptocurrencies. Do you consider fiat to be money?
If with your predictions you managed to get more XMR against a heavier declined fiat price, did you make money? Or if the fiat price of your XMR increased but decreased more against BTC, did you make money?
Selling XMR to buy back lower doesn't actually generate additional money (fiat wise). For example, if you sold 100 XMR at 1$ and bought 200 back at 0.50$ the total dollar value of your holdings would still be the same. Alternatively, one can use 50$ to buy back the same amount sold and use the additional 50$ for other opportunities. However, not selling in aforementioned situation will almost certainly generate opportunity costs and a decline in total value of holdings.
The only way to make additional money (fiat wise) on a declining price is shorting the asset (which is Monero in this case).
You make the money by having more Monero when it goes back up again.
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