Topic: [XMR] Monero Speculation - page 1408. (Read 3314669 times)

I could do that.  It would be easy.  I could take that sum and bully down the bids mercilessly and put up bully walls to incite panic, and then buy back cheaper.  I estimate if I did it skillfully I could probably turn those 400k Aeon into 500k. 
 
But I won't do that.  I will hold those Aeon hard, and continue supporting the community as we go.  It's about more than money for me, and I want people to know that though I am heavily invested in Aeon, I'm not some bully whale who wants to profit off their backs.  I made a loud declaration of support for the Aeon blockchain, backed it up with an acquisition, and now will simply hold the spot.  If/when Aeon moves to Poloniex and there exists an XMR/AEON pair I will provide some liquidity for this, but only as a service to the community with little expectation of profit. 
 
Besides, I noticed upon looking at risto's 'bitcoin rich list' (https://bitcointalksearch.org/topic/bitcoin-top-500-richest-321265) that no known holder of Bitcoin ever held more than 400k-ish of Bitcoin (aside from Satoshi himself).  Some of these people were legendary computer scientists and I feel that it would be foolish for me to ignore their historical precedent.  For some reason, of an asset with approximately 18 to 21 million total tokens, no single entity no matter how rich has ever publicly controlled greater than 400k.  That's good enough for me. 
 
I suspect Monero should be the same (though we would honestly never know).  No single entity should probably seek to control over 400k XMR for long term saving either.  Personally I have significantly less than that at the present, so hell yes I will fight tooth and nail for every single one I can get my hands on, but I wouldn't seek to overdo it. 
 
But what do I know - I'm just some guy, not an oracle.

Interesting.  I suppose it is possible to short it down to .00321 within 4 weeks, but with the trend upward across cryptoland, and current polo order book sitting at  626 BTC support at that level  (174k XMR  - also happens to be typical available lending float) as of this post, it does seem unlikely.  On the other hand, if the trend falters, the shorting wolves tend to pile on quickly, so I wouldn't count it out.  I would tend to take the other side of the bet, though.  

Independently of trend, why do you think the yellow EMA will not cross the brown EMA again soon?

Here is a full link for you   https://www.betmoose.com/bet/monero-xmr-dumped-below-0_00321-again-before-april-20-1837?ref=regexlove
(You can also set a browser extention to switch off javascript for bit.ly links and others)

1 week technical analysis doesnt matter for long term holders.
Pumps can look like common patterns. The point is, they are rather short.
 Why do you care about keeping the price up today, instead of getting closer to the average, when the current volume and price are hysteric form a long term holder's point of view? It is generally not benefitial for serious long term assets to be made looking like gambling

For long term relevance, you'd rather refer to a long term chart.
Is it a neutral/positive/negative/turning trend?  
Independently of trend, why do you think the yellow EMA will not cross the brown EMA again soon?
https://i.imgur.com/Tt8tZ3T.png

Here is a full link for you,
https://www.betmoose.com/bet/monero-xmr-dumped-below-0_00321-again-before-april-20-1837?ref=regexlove
(You can also set a browser extention such as Adblock Plus to switch off javascript for bit.ly links and others)

1 week technical analysis doesnt matter for long term holders.
Pumps can look like common patterns. The point is, they are rather short.
 So why do you care about keeping the price up today, instead of getting closer to the average, when the current price is rather hysteric form a long term holders point of view. It is not benefitial for serious long term things to be made looking like gambling.

For long term relevance, you'd rather refer to a long term chart.
Is it a neutral/positive/negative/turning trend?  
Independently of trend, why do you think will consolidation not make yellow MA cross the brown MA again soon?

Monero is a hit-or-miss game

(Link had a typo before)

http://bit.ly/Prediction-XMR-dump
time for a dump

If a chain fork is your idea of a black swan technological failure, then I guess you have nothing to worry about, because the worst has already happened  Do as you wish.

Given my hypothesis has already been proven by actual events, I don't see how it's a disputable statement, unless you narrow the definition of "technological failure" until it excludes upgrade fiascos resulting in chain forks.

Perhaps we should explicitly define "technological failure" as only events which take down both BTC and LTC.  Then you get to be right by circular logic, which is pretty much exactly what you were trying to do in a more subtle manner.   

http://bit.ly/Prediction_XMR_dump

time for a dump

I will crosspost this from the Aeon thread as I think it has applicability to Monero too:  
  
I was honestly trying to wait for a GUI as the only secure computers I have are little Celeron weenies (which I'm not sure will run a full cryptonote client).  Command lines stress me out, especially third party tools like simplewallet - there's nothing like the relative security of knowing that you have a Linux computer that has only ever accessed the exchange once, and that was to withdraw to a GUI wallet (what I did back in the Dogecoin days).  I know the lack of a GUI helps keep out n00bs in these cryptonote projects, but you also create the counter-risk of having half-peasants like me feel like an exchange is the most secure place for their funds, lest they accidentally send them off into space or lose private keys by sudo-sumo-copying something wrong from a Linux command line.  
  
There are lots of n00bs now getting into Cryptonote and the lack of GUIs is becoming more and more of a hurdle every day - I have introduced several people even less tech savvy than myself to these cryptos in the past months, but these are people who are delighted and excited by trading Bitcoin on an exchange for the first time - but the concept of creating a Monero or Aeon cold address and sending funds to it on a Linux distro would be 'rocket science' for them and utterly outside of their skill set, even with significant support.  Indeed we have now created a scenario that instead of protecting n00bs actually gives them just enough rope to hang themselves.  
  
The likelihood of another Gox or Cryptsy is significant, no matter how trustworthy or professional the exchange seems.  I had hoped the GUI could be an effective bridge in this regard, but I am getting the vibe that proper GUIs might be months away for these projects, forcing me to consider other options.

So that's your answer:  download the blockchain and run a full node.

Sir, did you not see the word "n00b" that American Pegasus typed with his hot little fingers?

Don't you realize that the vast majority of people have no idea of even how to approach such a task?  It is foreign to all but a tiny subset of the population.  You, monsieur, occupy a very small nerd-world.

So that's your answer:  download the blockchain and run a full node.

Sir, did you not see the word "n00b" that American Pegasus typed with his hot little fingers?

Don't you realize that the vast majority of people have no idea of even how to approach such a task?  It is foreign to all but a tiny subset of the population.  You, monsieur, occupy a very small nerd-world.

So that's your answer:  download the blockchain and run a full node.

Sir, did you not see the word "n00b" that American Pegasus typed with his hot little fingers?

Don't you realize that the vast majority of people have no idea of even how to approach such a task?  It is foreign to all but a tiny subset of the population.  You, monsieur, occupy a very small nerd-world.