Topic: [XMR] Monero Speculation - page 1482. (Read 3313576 times)

I Bought some more yesterday while it was relatively down to equally diversify my Alt holdings.....Eth/Maid/Monero

you right. wall is gone. either pulled or eaten:-)

I am still waiting for it to come down to 230 again. If yes, I will take a chunk. If not, I will let it be, I bought enough already between 250 and 280.

That's not how logic works.   It's a short position.  I estimate 3 days to squeeze.

at 27 it's getting eaten quite fast. I see he changed his mind and moved it to 28 for a while, now it's back to 27. Personally I'm just waiting for btc deposit and I'll grab a chunk of it

xmr rose to fast, so it went down equally quickly. I doubt anyone will buy this wall now. It will be interesting to watch. 

30k xmr wall at 0.0027. Any takers? 

It does make sense to have an infinite horizon, if you anticipate benefit from the pillar traits of monero on an ongoing basis, i.e. if you value your personal freedom very highly. It doesn't make much sense to keep operating capital in XMR right now, because of the volatility, but as a fraction of savings, I think the rational share (Kelly) is no less than 10%, if your goal is pure optimization of expected savings value - rational self-interest. (But keep in mind that my estimation of distribution of outcomes may be very different from yours.)

I am certainly not the largest XMR hoarder, so my intentions are not a dominating factor for other investors.  But, for them, a disclosure: I do not have an infinite horizon, simply because my freedom, my life even, is less important to me than other goals - over 12 ounces Au per XMR, certain of those goals may become feasible, and I will sell ruthlessly, if so.  Until then, not so much.

In fact, if it seems useful, I might buy a lot more.  (And that 12 oz number would fall proportionately.) But never to manipulate price in a way that increases volatility.  (I might "manipulate" with a view to decrease volatility however -- that is called market making, and is a respectable profession.)

And never increasing to the point where it seems likely to harm the value of XMR due to excessive concentration.  Although, given the divisibility of crypto, I am convinced that stable reserve use can never actually harm the economy due to money supply issues, yet the optics could be damaging during early phases.  Unfairly so, however, as XMR distribution seems quite good, considering the stage of development.

Looks as if the price could go down below 230 sat before the next leg up. Good buying prices coming ...

Disclaimer: to evaluate the quality of my trading skills, look at my footer. 

Ok, I will then, I don't Have a lot of monero at the moment, but I will increase my monero wealth as you say
And you are right there are a lot of things that can happen in 2-10+ Years!



And I will take a look at the Wallets, and decide where I will store my coins!
A paper wallet is pretty safe and it is kinda cool to show other people who aren't in to cryptocurrency.
So you can show them a way to store there coins.

Nothing there to indicate fees or rates.  Just that it's not available in New York or North Korea

Take a look at their Terms

How painful is their cut?  Do they take it as a percentage,  or pad the exchange rate, or both?

Shapeshift.io is doing exactly what you want on the fly if you use it correctly 

Latest Bloomberg article on bitcoin :

http://www.bloombergview.com/articles/2016-03-08/maybe-bitcoin-will-grow-up-to-be-a-currency

Mainstream media is still quite fixated on bitcoin as the only viable cryptocurrency out there.
Altcoins are very much considered as niche-within-a-niche as to remain virtually invisible to the masses.


Also somewhat related, an excellent primer and summary on the recent issues surrounding the development and future evolution of bitcoin. Written by Mike Hearn :

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.35m4o463j

Paranoia is why many are looking for anon to begin with.  Just because you're not paranoid, doesn't mean they're not after you...

Those instructions look great. Being paranoid is a good thing in crypto.

I actually agree with you here... as most people who frequent this thread hope, I hope that XMR will appreciate up to $100+/XMR by 2020; and since there is nothing that I really need to spend moneros on (besides the occasional funding of projects) just accumulate as much as I can at any given price.  Then when that time comes where it hits a triple digit figure, I'm definitely planning on purchasing a couple ounces of gold and silver to diversify my portfolio of investments.  Until that time comes, I'm happily accumulating as much cheap coins as I can whether thats $10 a week or maybe even less.

Pretty much rest of your life and keep adding on regular basis (like you probably are doing in fiat also).
Really there is no reason not to hold your wealth in XMR other than very low market cap which is the reason XMR is pretty volatile. As marketcap gows, the volatility should stabilize since it also means there are more people willing to trade with XMR and if there is someone willing to dump larger amounts, there will be several takers to the bag.

Personally I am buying XMR without intention to sell despite I might sell if people insist me to do so.
2 years is not long term IMO. Even 10 years is not a long term... And many things will happen in the coming 2 years not to mention 10(+) years.
I do not see any reason to dump XMR other than buying something else and what else I would buy? When I am able to do so, I think XMR is used more widely and I do not even need to pee on the pockets of the other members of XMR community and I can simply unload some of coins just using it directly to buy gold bullion or other assets (liabilities I do not need).

Loose lips lose ships