Topic: [XMR] Monero Speculation - page 1535. (Read 3313576 times)

I just hope he ends up market-selling it so that some of my greedy bids get filled Then we pump again! 

No. He sucks at poker.

Too bored to describe why.

But this explains it perfectly:

Θέλει η πoυτάνα να κρυφτεί και η χαρά δεν την αφήνει.

I don't think so. I think he knows *exactly* what trading is for; it's about egotism. If you let your egotism be strong enough you lose money; and he gains. From what I can tell, he's an early adopter even buying all these months @ 10-12 range. He doubles his stash in BTC which (in turn) will be hitting $500 maybe within a month. So; if XMR falls again, he will buy back the double; if XMR climbs up he will be selling at the next stop (26?).

Of course, sometimes... things are not getting the way you planned them. There's a Greek saying:

"Όταν o άνθρωπoς κάνει σχέδια o Θεός γελά"
"When the man makes plans for the future, God has a good laugh"

I personally forget all about XMR at the moment. I may even transfer them into my cold wallet. I am where I wanted. If you want an advice, don't trade. That's the only thing you can do at the moment.

Cheers.

It is back

The wall became x2 at some point - 400btc, 200k xmr.

Well you stupid whale, if you have so many xmr there I am sure it is because you are expecting a big price increase to offload them  

You know shit about trading....

yes already also it's a closer wall. The selling price of the wall is lower

I have appreciated your long time participation in Monero threads.  Insightful questions and posts without drinking anybody's koolaid.

Wall is back again :-P

I want to tell you guys something, and should write down this feeling before I forget it entirely: being a Bitcoin maximalist, when you first encounter Monero it does indeed appear to be 'just another alt coin'.  I took a monthly tour of altcoins, hungry, but always skeptical.  
  
"Look, that one popped up 30%!" I chided myself looking at charts.  "Meanwhile Bitcoins continue to stagnate in the 200s".  
  
"Popped on what?," I counter chided myself.  "Leprechauns and bullshit?"  
  
This was what led me to look into these other coins, and do some due diligence on the top list on Coinmarketcap.  I wanted to be able to say with confidence that numbers 2 - 20 were total bullshit and the only valid option was Bitcoin.  Perhaps I was gearing up for an anti-altcoin crusade.  
  
I have found with all things, including investing and love, we must keep 10% - 20% of our willpower focused on that awful possibility - 'what if I'm wrong?', no matter how convinced we may be.  
  
So I dug through all the flaws with Proof of Stake, heard about Dash/Darkcoin's convoluted master-node scheme and scoffed, and gave incredulous glares at Bitcoin copy/paste jobs with some random feature tacked on.  
  
Here's another powerful truism: the truth is usually pretty elegant, considering what it represents.  And Monero is the most elegant of altcoins, aside from Bitcoin itself.  It takes the idea of a blockchain and extends it by one key concept - ring signatures.  Now, those might be intricate, but the abstraction of what has been done is not.  There is no convoluted and scammy 'staking' and IPO to consider.  It's simple, clean, elegant mathematics.

So my bullshit detectors went off, especially watching the sinking stone price.  I found their subreddit and (even though the necessity and advantages of protocol level privacy hadn't occurred to me yet), I made a post inviting them to prove they weren't a waste of time.  My slightly accusatory tone was met with no return scorn.  Instead, I got a series of open and friendly responses explaining exactly what Monero was, and promising nothing magical - just the most honest and advanced cryptocurrency project on the planet.  
  
Now I had some self-skepticism to wrestle with: "What are the chances you have actually found the next big thing, ahead of all others?  There's only 1600 people on this subreddit!"  But my cross examination of this cryptocurrency could produce no flaws - if Bitcoin was good, this was better.  This was an order of magnitude better, and though the history of it was convoluted as hell, it was still a fair launch with no clear shenanigans.  
  
Thus, I went from first hearing about Monero to becoming a Monero maximalist in the span of only a few days.  One of my exes once said that she has to predict early when I will get excited about something, and head it off early before my gears kicked in and I got obsessed about it.  She was referring to infatuation with some big ticket item at the store, but the same principles are at play here.  Looking back, during my loudest Bitcoin days, there were always a few anons poking me, subtly challenging my notions that nothing could ever equal or surpass Bitcoin.  To them I owe thanks as well, for sure.  
  
Anyway, I maintain that our civilization will need at least one global and public blockchain.  Bitcoin enables applications and structures that Monero cannot, so I don't think it will go to zero.  But I also now wonder if Bitcoin will always be the #1 cryptocurrency.  To those just learning about Monero I have to present them with the same risks and warnings I faced - this may fail entirely.  Nevertheless, personally?  Unless cryptography itself fails I see no other outcome: Monero slowly works it's way up to dominating finance around the globe by 2030.  
  
I once wrote that Bitcoin is a financial virus that will slowly consume all value on Earth.  Unfortunately, Monero is a better virus.

Might be a sign that the price starts to climb up as Risto has accumulated the coins he sold over 0.002.

Thank you Risto.

The wall seems to be removed (for now). Ask side looks rather flat without it. Also, 4H MACD is bound to flip.

There are a few longtime bitcoin maximalists in this thread.

If I find anyone who is unclear on ring signatures conceptually, I'll simply direct them to this post. They will then leave fully enlightened by this most excellent elucidation.

 

Do we know who the whales are? It seems the Ethereum market price is manipulated by those people effectively.

Maybe we will get to have a tale of our own

i certainly like your odds better

Nice that the most maximalist bitcoiner has visited us.

Wall back up to 200.

Once more I bought the dip while sleeping.

My wild cat has just sat on my lap.  Must keep her away from keyboardddddddddddddddddddddd

If I am thinking purely on storing wealth over time, which is one of the attribute of money in economics, I may not choose a currency that has lower market cap than my own networth since I would not want to be the person driving the price up (at least all alone).
The minimum market cap for a store of wealth in my estimation is 100 times my networth. Prefertably more higher.

Nobody said one should be all in Monero. It is quite rare that a person is all in some asset (usually fiat money hands do not solely own a Fiat only but stocks, mutual fund shares, treasury notes etc. in addition to cash).

If he genuinely wanted to sell, he would use smaller increments. On the other hand, who knows what the hell his intention is.