[XMR] Monero Speculation - page 1508.

persiancat

newbie

Activity: 33

Merit: 0

Quote from: GreekBitcoin on March 01, 2016, 11:09:04 PM

Quote from: persiancat on March 01, 2016, 10:51:40 PM

...

... img ...

Oh dont worry, there gonna need to tranfer/store their money privately after the dump and guess whats the best way to do that.

People have been saying for quite a while that ETH will be dumped.
Yet ETH have survived the previous dump to 0.0085 on Feb 12 - Feb 18, only to emerge stronger now at 0.01758.

Nothing has changed. Their uptrend continues.

Microsoft Azure will soon implement a ETH-derived service into their BaaS.
http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

Once more established companies jumps onboard the ETH ecosystem, it will perpetuate into a positive feedback loop.
Time will tell.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: persiancat on March 01, 2016, 10:51:40 PM

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

I am not worried about ETH at all. It is not competing against XMR.
There are plenty of space and funds in the universe.
However, I agree XMR is not that good trading tool as there is not really that much money to be made in short term swings unless you do not use leverage which multiplies even the smallest movements. However, there are also risks involved in marginal trading.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: persiancat on March 01, 2016, 10:51:40 PM

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

granted, this is a speculation thread, but the value proposed by proponents of XMR centers on its actual utility as a fungible, private, secure currency. Its price is unique from this intrinsic value. If I want to buy 1 jambledrop privately from bob, I can send him however much monero he wants for that jambledrop, with the assuredness that my transaction is private, and bob is assured that the monero he receives will always be equal to any other monero out in existence, regardless of how the world views jambledrop exchange, or wherever I got my monero. Furthermore, bob and I both know that this transaction will occur in minutes due to the adaptive blocksize.

Monero is not a speculative vehicle. Its a currency.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Quote from: persiancat on March 01, 2016, 10:51:40 PM

...

Oh dont worry, there gonna need to tranfer/store their money privately after the dump and guess whats the best way to do that.

persiancat

newbie

Activity: 33

Merit: 0

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

opennux

full member

Activity: 231

Merit: 100

Quote from: Shrikez on March 01, 2016, 06:40:58 PM

I beg to differ. What he is doing is great imo. He lured in many many shorts (that could very well be called in a flash) while showing that the market is strong, doesn't falter easily. volume is consistently more than decent with higher and higher floors. It's inconspicuous too, all eyes are on the pig pumps and XMR just keeps pressing upwards.
The community is strong and united, churning out ideas and projects, and every day more people join. Good vibes!

TLDR: XMR rocks!

Yes, it's nice to see the ecosystem growing in many places.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: TrueCryptonaire on March 01, 2016, 10:12:57 AM

Quote from: aminorex on March 01, 2016, 09:43:30 AM

I am becoming increasingly bullish.

When do you think it will start a new leg upwards?

Maybe 10 February will be the start of the next leg up Grin

CrowdWhale

hero member

Activity: 799

Merit: 1000

Twitter: @CrowdWhale

I still don't buy that he's anything but a dumper, perhaps looking to jump on another train before it leaves the station (ETH?).

If he's a manipulator he's terrible at it.

Either way, I see nothing to worry about. He's what I call a "speed bump".

americanpegasus

hero member

Activity: 770

Merit: 504

The Bear Whale Wall moved down to 190k now. This guy.... Roll Eyes

Confirmed as a shorter/acquirer trying to bully the price down. Don't sell to this ass; keep attacking his walls and don't give him a single satoshi back.

owm123

sr. member

Activity: 392

Merit: 250

Quote from: americanpegasus on March 01, 2016, 06:58:13 PM

I just noticed something.

The Ethereum six month chart hopefully looks like the XMR 3 year chart will.

http://imgur.com/a/zClab

To be fair, ethereum is getting a lot of media attention and interest from major companies, e.g., Samsung, Canonical, Microsoft. And this generates interest in Ethereum and gives credibility to the project as well.

For Monero, the only interest thus far was from Tutanota. This is very good start, but when other companies will start noticing Monero, and most importantly, doing something with it, xmr will start getting more and more attention as well.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: aminorex on March 01, 2016, 04:20:18 PM

Quote from: tifozi on March 01, 2016, 11:52:35 AM

Has happened almost everytime aminorex comes and posts that he feels bullish XMR Grin

So true. But then it always rises to make my ink black eventually.

Are we really listening to an octopus that hangs out with a monkey?

another day another nibble.

americanpegasus

hero member

Activity: 770

Merit: 504

I just noticed something.

The Ethereum six month chart hopefully looks like the XMR 3 year chart will.

http://imgur.com/a/zClab

CrowdWhale

hero member

Activity: 799

Merit: 1000

Twitter: @CrowdWhale

Quote from: americanpegasus on March 01, 2016, 06:42:24 PM

Quote from: CrowdWhale on March 01, 2016, 06:32:03 PM

Remember: Even whales can be total noob traders.

What doesn't make sense is if he wanted to unload this, he is only hurting himself by forming walls like this.

We agree

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: CrowdWhale on March 01, 2016, 06:32:03 PM

Honestly, I never felt this was an attempt at manipulation. I've played with the scenario because so many people are considering it, but it just doesn't work out. There's no way he's buying all that back at a lower price. I think this is just some guy with a lot of XMR he wants to unload. Simple as that.

My trading became much more profitable when I stopped looking at everything from the fear-based perspective that the markets are all manipulated at all times. Sure there are some shenanigans, especially in lower volume coins, but coins like ETH, and soon XMR, are extremely difficult to control even with large amounts of money.

195k now? That'll go up in smoke.

Remember: Even whales can be total noob traders.

What doesn't make sense is if he wanted to unload this, he is only hurting himself by forming walls like this. If the wall gets bought, he could have had a higher price if he had sold slowly (assuming he honestly has real XMR to unload) and even if his wall drove down the price, he is only hurting himself.

He could dump, but that really damages his profit. He's not holding PenguinCoin - this is a project that is just getting started. There is no strategy where putting up walls like this makes sense except someone who has shorted themselves to the hilt foolishly, and I don't think that is the case either. Yesterday when the 32k wall was initially breached the bid/ask stack shifted considerably.

Shrikez

sr. member

Activity: 400

Merit: 263

I beg to differ. What he is doing is great imo. He lured in many many shorts (that could very well be called in a flash) while showing that the market is strong, doesn't falter easily. volume is consistently more than decent with higher and higher floors. It's inconspicuous too, all eyes are on the pig pumps and XMR just keeps pressing upwards.
The community is strong and united, churning out ideas and projects, and every day more people join. Good vibes!

TLDR: XMR rocks!

tifozi

hero member

Activity: 742

Merit: 501

Quote from: aminorex on March 01, 2016, 04:20:18 PM

Quote from: tifozi on March 01, 2016, 11:52:35 AM

Has happened almost everytime aminorex comes and posts that he feels bullish XMR Grin

So true. But then it always rises to make my ink black eventually.

I know, but next time I will sell just a bit to see if I can make more back on the downswing Wink

CrowdWhale

hero member

Activity: 799

Merit: 1000

Twitter: @CrowdWhale

Honestly, I never felt this was an attempt at manipulation. I've played with the scenario because so many people are considering it, but it just doesn't work out. There's no way he's buying all that back at a lower price. I think this is just some guy with a lot of XMR he wants to unload. Simple as that.

My trading became much more profitable when I stopped looking at everything from the fear-based perspective that the markets are all manipulated at all times. Sure there are some shenanigans, especially in lower volume coins, but coins like ETH, and soon XMR, are extremely difficult to control even with large amounts of money.

195k now? That'll go up in smoke.

Remember: Even whales can be total noob traders.

americanpegasus

hero member

Activity: 770

Merit: 504

Someone (not me) attacked the 200k level again briefly and our bearwhale struck back by setting up his 35k wall at 195k now.

I don't know about the rest of you, but I'm sick of this guy. I see someone else is taking chunks of the bearwhale's new 195k wall. Awesome; good for you.

To hell with this bear whale - I say we break through.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: owm123 on March 01, 2016, 06:12:00 PM

Quote from: dEBRUYNE on March 01, 2016, 06:09:53 PM

Quote from: rdnkjdi on March 01, 2016, 06:09:00 PM

Who's the whale that's selling & how much?

Some guy that is playing around with ask walls, yesterday he had one sitting at 200k which got bought. Currently, there is one at 195k.

Someone seems to be desperate to keep the price low. But why? To get more cheaper? Its very risky. What if someone buys this wall now? His plan will vanish, imo.

I am not sure, this wall is getting bought as well, from ~36k to ~27k already.

owm123

sr. member

Activity: 392

Merit: 250

Quote from: dEBRUYNE on March 01, 2016, 06:09:53 PM

Quote from: rdnkjdi on March 01, 2016, 06:09:00 PM

Who's the whale that's selling & how much?

Some guy that is playing around with ask walls, yesterday he had one sitting at 200k which got bought. Currently, there is one at 195k.

Someone seems to be desperate to keep the price low. But why? To get more cheaper? Its very risky. What if someone buys this wall now? His plan will vanish, imo.

Topic: [XMR] Monero Speculation - page 1508. (Read 3313576 times)