[XMR] Monero Speculation - page 1369.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: bitebits on April 07, 2016, 01:27:58 PM

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

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).

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: bitebits on April 07, 2016, 01:27:58 PM

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

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).

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

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?

Thunderhead

member

Activity: 64

Merit: 10

Quote from: Quicken on April 07, 2016, 10:01:37 AM

Quote from: Thunderhead on April 07, 2016, 09:35:16 AM

Hi ppl I'm new to btc and alt coins , heard xmr was a good place to start , could u point me to the exchange with highest volume? Thanks for all reply

Hello Thunderhead, and a warm welcome to the Monero community. Poloniex is the main Monero exchange at the moment.
Q

Thanks I head over to polo now

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: birr on April 07, 2016, 10:36:48 AM

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

Generally I have been pretty accurate in my views and people following my predictions have good odds to make actually some real money.

Your perspicacity and generosity of spirit are matched only by your humility Cheesy

Yes, I am very modest guy as you can see. Grin

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: Quicken on April 07, 2016, 11:00:18 AM

Quote from: birr on April 07, 2016, 10:36:48 AM

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

Generally I have been pretty accurate in my views and people following my predictions have good odds to make actually some real money.

Your perspicacity and generosity of spirit are matched only by your humility Cheesy

Hehe. November 17, 2014:

Quote from: TrueCryptonaire

With the current emission the fair price of Monero is 0.0005 btc

December 16, 2014:

Quote from: TrueCryptonaire

I will be interested in buying Moneros when we are at 0.0005-levels - we actually might go even below that - we will see.

December 22, 2014:

Quote from: TrueCryptonaire

2015 (probably at the end of year) price target 10 usd/xmr
2016 price target 100 usd/xmr
2017 price target 1,000 usd/xmr
2018 price target 10,000 usd/xmr
2019 price target Moon.

One more mistake I made: I remained slightly too long bullish a year ago but once the price broke a support I sold around 0.003 and after I did I told also others to do and so they did.

Quicken

sr. member

Activity: 280

Merit: 250

Quote from: birr on April 07, 2016, 10:36:48 AM

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

Generally I have been pretty accurate in my views and people following my predictions have good odds to make actually some real money.

Your perspicacity and generosity of spirit are matched only by your humility Cheesy

Hehe. November 17, 2014:

Quote from: TrueCryptonaire

With the current emission the fair price of Monero is 0.0005 btc

December 16, 2014:

Quote from: TrueCryptonaire

I will be interested in buying Moneros when we are at 0.0005-levels - we actually might go even below that - we will see.

December 22, 2014:

Quote from: TrueCryptonaire

2015 (probably at the end of year) price target 10 usd/xmr
2016 price target 100 usd/xmr
2017 price target 1,000 usd/xmr
2018 price target 10,000 usd/xmr
2019 price target Moon.

birr

hero member

Activity: 870

Merit: 585

Quote from: TrueCryptonaire on April 07, 2016, 08:47:50 AM

Generally I have been pretty accurate in my views and people following my predictions have good odds to make actually some real money.

Your perspicacity and generosity of spirit are matched only by your humility Cheesy

Quicken

sr. member

Activity: 280

Merit: 250

Quote from: Thunderhead on April 07, 2016, 09:35:16 AM

Hi ppl I'm new to btc and alt coins , heard xmr was a good place to start , could u point me to the exchange with highest volume? Thanks for all reply

Hello Thunderhead, and a warm welcome to the Monero community. Poloniex is the main Monero exchange at the moment.
Q

Thunderhead

member

Activity: 64

Merit: 10

Hi ppl I'm new to btc and alt coins , heard xmr was a good place to start , could u point me to the exchange with highest volume? Thanks for all reply

rangedriver

hero member

Activity: 714

Merit: 504

Quote from: vuduchyld on April 07, 2016, 09:22:53 AM

I wonder if the price-influencer specifically used this period of time because it coincides with the time in 2015 that XMR fell hard from the .004 range. Seems possible that they were hoping people WOULD equate the action to last year.

More likely to be a case of waiting to see how the BTC/USD triangle resolves. ETA 7-10 days from now.

If that breaks upward then we'll likely see ALT/BTC pairs falling somewhat, at least on the interim.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: vuduchyld on April 07, 2016, 09:22:53 AM

One thought that occurred to me...

I suppose reasonable people might disagree, but it seems pretty clear that there has been some attempts at price influencing this last week. The buy walls and sell walls COULD be people who were legitimately buying and/or selling, but 1) many of the walls were removed, not eaten, and 2) that would be a sub-optimal way to buy/sell such large quantities of XMR.

I wonder if the price-influencer specifically used this period of time because it coincides with the time in 2015 that XMR fell hard from the .004 range. Seems possible that they were hoping people WOULD equate the action to last year.

Sounds very reasonable.

vuduchyld

sr. member

Activity: 364

Merit: 250

One thought that occurred to me...

I suppose reasonable people might disagree, but it seems pretty clear that there has been some attempts at price influencing this last week. The buy walls and sell walls COULD be people who were legitimately buying and/or selling, but 1) many of the walls were removed, not eaten, and 2) that would be a sub-optimal way to buy/sell such large quantities of XMR.

I wonder if the price-influencer specifically used this period of time because it coincides with the time in 2015 that XMR fell hard from the .004 range. Seems possible that they were hoping people WOULD equate the action to last year.

Bassica

sr. member

Activity: 283

Merit: 250

The XMR price development looks pretty damn awesome. We're still rising steadily, with of course the occasional spike and pullback. Contrary to a lot of other projects, XMR hasn't seen a major speculative overextension. Yes, we've risen a lot, but compared to ETH/FCT/... it has been rather mild so far.

Fundamentally we're doing amazing. Technically we're still in amazing shape, and actually getting better the last few days. I speculate we'll be testing the former rally's high (0.0044) this weekend, and will be flirting with 0.006-0.007 in a couple of weeks (maybe sooner) defintely isn't out of the question. After that it has to remain to be seen where we'll end, but short- mid term we're in for a solid move up.

vuduchyld

sr. member

Activity: 364

Merit: 250

Order book looks damn healthy.

Maybe The Whale is taking a little break from wall-building and price-influencing. If so, it will be interesting to see what happens through the weekend.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: binaryFate on April 07, 2016, 08:24:09 AM

Quote from: TrueCryptonaire on April 07, 2016, 07:58:58 AM

and it was funny to read as some people freaked out when I turned my colors from green to red and from red to green)

Such ridiculous illusions of grandeur lol.
Nobody's been freaking out over you. Many simply mock your flip-flopping or warn newbies about your self-centered posts.

Personally I equally dislike your posts when your bullish, things like "good chance to reach 2000$ this year!". You do sometimes substantiate and support your claims, which is even more a pity as it shows you're capable of doing so and choose not to do it voluntarily, very often when just talking your crappy book.

I actually issued yesterday a warning about the rise of Monero and I told the shorters to start covering.. It did not take long after the price started to rise. And this is not an illusion but the truth.
Generally I have been pretty accurate in my views and people following my predictions have good odds to make actually some real money.

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Breakthrought

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: TrueCryptonaire on April 07, 2016, 07:58:58 AM

and it was funny to read as some people freaked out when I turned my colors from green to red and from red to green)

Such ridiculous illusions of grandeur lol.
Nobody's been freaking out over you. Many simply mock your flip-flopping or warn newbies about your self-centered posts.

Personally I equally dislike your posts when your bullish, things like "good chance to reach 2000$ this year!". You do sometimes substantiate and support your claims, which is even more a pity as it shows you're capable of doing so and choose not to do it voluntarily, very often when just talking your crappy book.

Billy Bunter

sr. member

Activity: 327

Merit: 252

The future of Count Monero? A funny post in Reddit:

https://www.reddit.com/r/Monero/comments/4dnqh0/the_count_of_my_monero/

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: wpalczynski on April 06, 2016, 02:11:34 PM

Emission was a killer for the price in the past but it did facilitate a broader distribution which is fundamental for success as a currency.

TC: I see you changed your sig, does that mean now that you are a perma bull?

To be honest, I am not so sure if I am a perma bull but certainly a bagholder. Grin

2014-2015 were years of high emission. Therefore if the price rose it was an opportunity to sell and waite a little bit so that you were able to rebuy lower... Now if we start dumping I see it a bit of failure as the community is not able to keep up the marketcap with the current inflation which is not big.

I have been in XMR for the long haul pretty much since the beginning but I played some pump'n'dump games with it (and it was funny to read as some people freaked out when I turned my colors from green to red and from red to green). Cheesy

Much entertainment. Much good time. Cheesy

Topic: [XMR] Monero Speculation - page 1369. (Read 3314669 times)