[XMR] Monero Speculation - page 1391.

Monerobuyer0

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Quote from: CrowdWhale on March 31, 2016, 03:32:58 PM

Quote from: Emperor of Man on March 31, 2016, 03:30:51 PM

Please come down a little my dear Monero! I wanna buy some of you. Grin

I really don't understand this thinking. If it breaks the trend line convincingly you don't WANT to buy. It makes no sense to me to not buy at the trendline, but to buy just below it. There's a REASON 335k is holding time and time again. It's the bottom of the ascending channel. If people want it to go up they should be defending it aggressively, not trying to break it for a cheaper price.

Not everyone is a trader. Some are long term holders and just want as much XMR as they can get at as low a cost as possible.

CrowdWhale

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Quote from: dEBRUYNE on March 31, 2016, 03:36:56 PM

Frankly, because of the illiquidity of many cryptocurrencies, i.e., they can easily be broken by one "entity"/trader, one shouldn't put too much weight on trendlines in my opinion.

All the more reason for me to go somewhere that matches my trading style better. Any market maker worth his salt should be defending that trend line.

Whoever you are, and I know you're in here, you SUCK at being a whale. Go beach yourself.

wpalczynski

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Quote from: CrowdWhale on March 31, 2016, 03:24:44 PM

There's no doubt I made a bad trade, but that really isn't the issue. Trying to break the trend line so you can buy at 250k is the issue. I'm just tired of wasting time on TA in markets that move according to the greed of a small number of individuals. So yeah, even if it doesn't go to 299k I'm pretty close to taking my profits while I still have them. Forex was more complicated because of how much has to be considered in the fundamentals, but at least when things happen you can figure out why and the answer isn't "because someone put up a huge buy/sell wall".

Yes, it can be annoying but these whales don't have complete control over the markets, eventually if the underlying trend is strong they get burned and the asset gets redistributed. TA in such small markets should not be relied on heavily IMHO. Get a sense of the overall sentiment of market participants (its quite easy to distinguish the chump FUDsters by looking at their post history), research the fundamentals (developer credibility and aptitude, intrinsic qualities of the assset, the desirability in the current marketplace of those qualities or characteristics and gauge the current value vs. potential value) and be prepared to possibly HODL for a period of time unless your assessment of all the previously mentioned things was flawless.

Its a fact that most people make terrible traders because of their inability to govern their emotions, me included, although with practice and financial loses (you can call them lessons) I am getting better.

dEBRUYNE

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Quote from: CrowdWhale on March 31, 2016, 03:24:44 PM

There's no doubt I made a bad trade, but that really isn't the issue. Trying to break the trend line so you can buy at 250k is the issue. I'm just tired of wasting time on TA in markets that move according to the greed of a small number of individuals. So yeah, even if it doesn't go to 299k I'm pretty close to taking my profits while I still have them. Forex was more complicated because of how much has to be considered in the fundamentals, but at least when things happen you can figure out why and the answer isn't "because someone put up a huge buy/sell wall".

Frankly, because of the illiquidity of many cryptocurrencies, i.e., they can easily be broken by one "entity"/trader, one shouldn't put too much weight on trendlines in my opinion. Personally, I like to look at (major) horizontal support and resistances zone. They usually work best.

CrowdWhale

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Quote from: Emperor of Man on March 31, 2016, 03:30:51 PM

Please come down a little my dear Monero! I wanna buy some of you. Grin

I really don't understand this thinking. If it breaks the trend line convincingly you don't WANT to buy. It makes no sense to me to not buy at the trendline, but to buy just below it. There's a REASON 335k is holding time and time again. It's the bottom of the ascending channel. If people want it to go up they should be defending it aggressively, not trying to break it for a cheaper price.

Emperor of Man

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Please come down a little my dear Monero! I wanna buy some of you. Grin

CrowdWhale

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Because there's no real reason for it to go to 299k unless someone dumps hard or manages to force it down. I don't expect them to succeed and I doubt 335k is the best we'll see. If they DO succeed I will simply lose faith in my (or ANYONE'S) ability to predict these markets when individuals hold such large shares of it, and that will cause me to go elsewhere.

explorer

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Quote from: inca on March 31, 2016, 03:11:03 PM

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Node count has made a significant increase YTD (primarily due to the database improvement?), while hashing power is relatively unchanged. I would expect that maintaining a higher price will be necessary to maintain hashing power, let alone increase it in the face of diminishing emission. Monero just seems severely undervalued yet. If that doesn't change, well, I don't know. Something's got to give, one way or another. I would infinitely prefer the price to go up, driving greater hashing and conspicuity for a nice positive feedback loop...

inca

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Thanks for the replies GingerAle, Debruyne. Exciting developments on their way. I'll just continue to hold my XMR and see where we end up in a year or two.

lolikop

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Quote from: CrowdWhale on March 31, 2016, 01:00:08 PM

I'll tell you one thing, the market manipulation isn't just turning me off to Monero, it's turning me off to crypto. I've been a supporter of Monero, but if it goes under 300k I'm absolutely going back to forex. Tired of this shit. If people just want to trash markets instead of letting them breathe naturally then don't be surprised when volume dies after a few months of action, just like in 2014.

So there you have it, at 299k I'm back to being a forex trader.

Why not sell now while its at 335 range why wait till 299? common put ur sell order selllllllll

CrowdWhale

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There's no doubt I made a bad trade, but that really isn't the issue. Trying to break the trend line so you can buy at 250k is the issue. I'm just tired of wasting time on TA in markets that move according to the greed of a small number of individuals. So yeah, even if it doesn't go to 299k I'm pretty close to taking my profits while I still have them. Forex was more complicated because of how much has to be considered in the fundamentals, but at least when things happen you can figure out why and the answer isn't "because someone put up a huge buy/sell wall".

GingerAle

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Quote from: inca on March 31, 2016, 03:11:03 PM

Quote from: TrueCryptonaire on March 31, 2016, 02:53:11 PM

Quote from: CrowdWhale on March 31, 2016, 02:47:51 PM

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right?

The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

1) working cross platform GUI

funded and being worked on.

2) increased number of nodes and hashing power protecting the chain,

You running a mining node brah? If not, pump the price up some more so more people will mine. Or dump some money into financing some mining setups. I know of at least 1 idle GPU farm in Monero hands.

3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Mysterysnail is coming. In all of its amazing glory. Shen's mininodo / phone wallet with xmr.to built-in is as good as we're gonna get for now without massive marketing and education efforts. Plus, the damn thing is decentralized! You run your own node server at home, and make transactions remotely with your phone. Its bloody brilliant. The impact of this work has gone unnoticed IMO.

wpalczynski

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Quote from: CrowdWhale on March 31, 2016, 01:21:51 PM

Jesus fuck, people, I know the difference between buying/selling and order book/depth manipulation. I've been doing this shit since you were in middle school. I'm not in any mood for nonsense... most of us know exactly what's going on. The last week it's been nothing but an attempt to break the trend line, despite the obvious buying interest, in order to cause a panic dump. It's ridiculous and it's failing.

We all make bad trade sometimes, you just have to suck it up. There have been many times I regretted a position I took, both buy and sell. Sometime you end up holding the bag, if the fundamentals are sound eventually fortunes reverse.

dEBRUYNE

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Quote from: inca on March 31, 2016, 03:11:03 PM

Quote from: TrueCryptonaire on March 31, 2016, 02:53:11 PM

Quote from: CrowdWhale on March 31, 2016, 02:47:51 PM

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right?

The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

Fortunately someone is actively working on 1). Regarding 2), I think we have to give this some time, hashrate usually lags behind if price increases. That is, it takes a while before it catches up. In addition, a lot of miners might be mining ETH currently because it is simply more profitable. When either the PoW phase of ETH ends or the price drops substantially such that the profitability of Monero is better, I expect a large increase in hashrate. Regarding 3), for what it's worth, a Bitpay like payment processor for, among others, Monero is in the pipeline.

inca

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Quote from: TrueCryptonaire on March 31, 2016, 02:53:11 PM

Quote from: CrowdWhale on March 31, 2016, 02:47:51 PM

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

You are joking, right?

The price has risen from 0.001 to 0.0042 over a few weeks. Sure the intra day volatility isn't massive, but monero is a very thinly traded market which even I could move if I wished.

There is little doubt that the chart is being painted. But dumping xmr back to 0.001 is as good as killing the coin for the foreseeable future IMO. Things could get very interesting as the bitcoin halving approaches and if we get a rally in chosen alts if bitcoin breaks out then monero could increase it's extremely modest market cap hugely. Of course if bitcoin crashes then what happens in alts could be very unpredictable, they could crater or it is possible that eth and xmr could rise if bitcoin gets into perceived existential trouble amongst more holders with regards to the intransigence displayed by the developers over scaling efforts.

Things I would like to see are 1) working cross platform GUI, 2) increased number of nodes and hashing power protecting the chain, 3) some increased use cases appearing (even some DNM usage wouldn't be a bad thing IMO).

CrowdWhale

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Activity: 799

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Twitter: @CrowdWhale

BTW, the first time I didn't say I was "leaving", I said you wouldn't hear from me. That's because I would have been liquidated by 300k. I took care of that issue. This is a whole different message, but probably a futile one. The people who own the walls probably like to hear how they're effecting sentiment. Selling would just play into their hands. I intend to hold for a better price even if I meanwhile stop actively trading crypto.

TrueCryptonaire

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Quote from: CrowdWhale on March 31, 2016, 02:47:51 PM

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

I think overall the low volatility turns traders off XMR. XMR tend not to move much.

CrowdWhale

hero member

Activity: 799

Merit: 1000

Twitter: @CrowdWhale

No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.

And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.

GreekBitcoin

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getmonero.org

Quote from: CrowdWhale on March 31, 2016, 01:00:08 PM

I'll tell you one thing, the market manipulation isn't just turning me off to Monero, it's turning me off to crypto. I've been a supporter of Monero, but if it goes under 300k I'm absolutely going back to forex. Tired of this shit. If people just want to trash markets instead of letting them breathe naturally then don't be surprised when volume dies after a few months of action, just like in 2014.

So there you have it, at 299k I'm back to being a forex trader.

Werent you leaving if it were to hit under 0.0035?

Monerobuyer0

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Quote from: CrowdWhale on March 31, 2016, 01:08:19 PM

Manipulation isn't buying and selling. I'm not an idiot. It's moving these walls around and trying to push the price around WITHOUT buying and selling, or with excessive pumps/dumps.

Thats literally what crypto is, yeah. Whales tricking people who look at walls and orderbooks as if they are meaningful and not just an attempt to deceive them/

Topic: [XMR] Monero Speculation - page 1391. (Read 3313576 times)