[XMR] Monero Speculation - page 1547.

RustyNoman

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Quote from: owm123 on February 16, 2016, 04:14:32 AM

Quote from: dnaleor on February 16, 2016, 02:48:09 AM

We had the choice beween a very fast uptrend and a fast uptrend.
Market chose the former Tongue

Doesnt 70k monero buy seem suspicious? I would imagine xmr gradually going up, rather then with one massive buy. the question is if this price will hold, and if so, will it even go further.

The Monero was quite for some time. Maybe the whales were accumulating at that time. They have got enough now. So it is time to pump.

americanpegasus

hero member

Activity: 770

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Quote from: owm123 on February 16, 2016, 04:14:32 AM

Doesnt 70k monero buy seem suspicious? I would imagine xmr gradually going up, rather then with one massive buy. the question is if this price will hold, and if so, will it even go further.

First of all, yes.

But when a currency moves, it usually doesn't do so gradually. Bitcoin rarely made new ground gradually, and neither do most cutting edge tech-stocks. They have violent upward movements that eventually smooth out into new price bases.

Why? Well, usually its fueled by new interest in the asset, and new money flowing in. Consider there are many reasons why XMR could be exploding upward right now, all of them legitimate. Perhaps the first few speculators in China have even caught wind of Monero.... now that could get real scary, real quick.

owm123

sr. member

Activity: 392

Merit: 250

Quote from: dnaleor on February 16, 2016, 02:48:09 AM

We had the choice beween a very fast uptrend and a fast uptrend.
Market chose the former Tongue

Doesnt 70k monero buy seem suspicious? I would imagine xmr gradually going up, rather then with one massive buy. the question is if this price will hold, and if so, will it even go further.

RustyNoman

full member

Activity: 189

Merit: 100

I think the price is too volatile. Although it is good to use margin, but if you are in the wrong side, you can make a big loss.

americanpegasus

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Merit: 504

Also, something incredible has happened....

We have finally surpassed Dash on the CoinGecko rankings! We are now the #6 global cryptocurrency!

americanpegasus

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Merit: 504

Well it's an exciting night on Poloniex, for sure. The volatility is crazy. Some fools are dipping their toes into margin to go short, some fools are dipping to go long. The volatility is wild, and so is the volume.

I would not want to be short something like this breaking out into new highs on strong volume though - that is a recipe for disaster. Hell, the VNL scam is seeing new volume and price, and I'm scared to short even *that*. I cannot imagine how cosmically suicidal you would have to be to try to scalp a few shekels from a small XMR downward movement.

On the other hand, every short is a forced buyer down the road (likely very shortly down the road) so bring it on. Losing vast sums of money is a strong character builder, assuming you pick yourself back up and try again.

dnaleor

legendary

Activity: 1470

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Want privacy? Use Monero!

We had the choice beween a very fast uptrend and a fast uptrend.
Market chose the former Tongue

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: tifozi on February 16, 2016, 12:26:49 AM

Try substantiating those "buys" with screenshots of your trade if you are so inclined to be transparent. Half of the time it is just made up lies from propagandists who think this is as big as Bitcoin speculation and newbies are being warned to watch for such posts.

I suppose I could, but I prefer to give my word and let my word stand on its own. I have been nothing but transparent with the community so far, and my reputation is worth a lot, lot more than some measly $thousands from lying about my positions. I liquidated my Bitcoin holdings yesterday and went full Monero / Aeon for the foreseeable future.

Melbustus

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Merit: 1004

A few observations:

1) The alts that have been on a tear lately have been the ones which offer to serve a different niche than Bitcoin. Hence, Litecoin has gone nowhere during this alt-rally. This is tremendously satisfying. In my opinion, this represents a much-needed maturation of the crypto-market.

2) As others have noted, Eth has driven crazy volume and liquidity to Polo. If memory serves, the all-time volume high for any coin on Polo prior to the current Eth rally was XMR, and that was around or under 2000BTC (right?). Eth cracked 40000BTC for one or two days last week. That's ~20x the prior.

3) I still think Monero is going to face headwinds down the road due to perceived or real competition with ZCash, but with the liquidity present now, it could get interesting regardless.

tifozi

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Quote from: americanpegasus on February 16, 2016, 12:23:12 AM

But I know that I, as I assume others do, announce their buys here to be more transparent and public about their dealings.

Try substantiating those "buys" with screenshots of your trade if you are so inclined to be transparent. Half of the time it is just made up lies from propagandists who think this is as big as Bitcoin speculation and newbies are being warned to watch for such posts.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: tifozi on February 16, 2016, 12:18:59 AM

Right time to catch people off guard Shocked

It's strange to see people announcing their sells here openly (and buys for that matter) and requesting a price point they would like to get back in. For such a small market cap and at a time they should be recruiting more people to expand into Monero, these mind games are detrimental to the market and make no sense.

Exactly. We need to stop thinking of this as a zero sum game. Monero isn't just a positive-sum game: it could end up being one of the greatest in history as the trillions of dollars that the world would like to keep secret slowly trickles into our network.

But I know that I, as I assume others do, announce their buys here to be more transparent and public about their dealings.

tifozi

hero member

Activity: 742

Merit: 501

Right time to catch people off guard Shocked

It's strange to see people announcing their sells here openly (and buys for that matter) and requesting a price point they would like to get back in. For such a small market cap and at a time they should be recruiting more people to expand into Monero, these mind games are detrimental to the market and make no sense.

americanpegasus

hero member

Activity: 770

Merit: 504

More massive volume with an upward green candle on Polo. 250 bitcoins in a couple of hours! Whoa!

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: macsga on February 15, 2016, 04:00:52 PM

There's a lot of pressure not to cross the 20k mark. I've been watching this for a while now and just when somebody puts a bid over 20, somebody dumps coins and drops the ask below that. I think that either somebody is desperate to keep the price down (margin calls?) or this is orchestrated by a group for accumulation reasons.

FWIW, I managed to get some more at 18xx today on an instant dump.

Resistance at five hundred to one was expected.
https://twitter.com/theshmadz/status/698448562451906560

Breaking and holding above that level would be something interesting.

smoothie

legendary

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Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: smooth on February 15, 2016, 09:20:49 PM

Quote from: smoothie on February 15, 2016, 09:18:56 PM

What monero operating system?

What did I miss?

http://nodebox.link

thanks for the link

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: smoothie on February 15, 2016, 09:18:56 PM

What monero operating system?

What did I miss?

http://nodebox.link

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: americanpegasus on February 15, 2016, 06:51:35 PM

I have a present for you, Monero fans.

What monero operating system?

What did I miss?

americanpegasus

hero member

Activity: 770

Merit: 504

Hey, risto. Get me a sprite sheet of CryptoKingdom assets and I'll put together a CK MS Paint ad for you.

ArticMine

legendary

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Merit: 1050

Monero Core Team

Quote from: rpietila on February 15, 2016, 04:12:51 PM

Quote from: binaryFate on February 15, 2016, 04:08:42 PM

You want everyone to figure there's just one king? Grin

...
If you want a real challenge, try to get more CKG than I do. Grin

CON and the related item S-CON could prove to be far more interesting in CK than CKG, if XMR/USD moves up sharply causing CK to enter into a period of hyper deflation.

americanpegasus

hero member

Activity: 770

Merit: 504

I have a present for you, Monero fans.

Topic: [XMR] Monero Speculation - page 1547. (Read 3313576 times)