[XMR] Monero Speculation - page 1798.

dreamspark

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Quote from: TrueCryptonaire on August 11, 2015, 12:24:36 PM

Actually the lesson you need to learn: Trust in TrueCryptonaire's prediction since he is the old Duck McScrooge with a nose that smells the money.

Ummmm, bit too early to be spouting that one isn't it.

You said you'd sold 14k XMR around 0.0025. Well, unless you just had bids filled (which I doubt you have, as were going lower, right?) then you aren't right at all. You've got to actually buy back 14k lower for you to be in the money. Market buying 14k right now sends the price back up to 0.0026+.

The only thing you can claim you were right about is there would be a chance to buy cheaper than 0.0025 which many of us were already saying (and even then you would have only been able to buy a few k at best, certainly not very large positions).

TrueCryptonaire

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Actually the lesson you need to learn: Trust in TrueCryptonaire's prediction since he is the old Duck McScrooge with a nose that smells the money.

dreamspark

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Quote from: camu6 on August 11, 2015, 12:04:06 PM

Even if the whole ETH thing stole a bit of Monero's steam, it brought huge amounts of traffic and BTC to Poloniex.
This is what needed to happen for monero to break key resistance levels on the upside.

At the moment it looks like we had a beautiful 50% fibonacci retracement could start to higher highs from here.

I'm sure ETH has certainly taken some of the limelight.

Polo turned alot of XMR idealist customers away with their verification rules.

But the fact that ETH has the biggest bid side I've ever seen on Polo and also it has smashed through XMR's old volume record means that there is certainly the BTC and the clientele willing to use Polo to make purchases.

I'm not worried until we break 0.0022.

camu6

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Quote from: mrkavasaki on August 11, 2015, 12:08:52 PM

i hope you guys learned your lesson Kiss

never ever trust a xmr pump Wink

Just saw your post because I was logged out. I hope everyone learned their lesson with you and put you on ignore when you first started posting here.
The second best time to do this, if you haven't done so yet, is now.

mrkavasaki

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i hope you guys learned your lesson Kiss

never ever trust a xmr pump Wink

camu6

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Even if the whole ETH thing stole a bit of Monero's steam, it brought huge amounts of traffic and BTC to Poloniex.
This is what needed to happen for monero to break key resistance levels on the upside.

At the moment it looks like we had a beautiful 50% fibonacci retracement could start to higher highs from here.

dEBRUYNE

legendary

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Quote from: thefunkybits on August 11, 2015, 11:39:09 AM

Quote from: dEBRUYNE on August 11, 2015, 11:32:30 AM

Quote from: thefunkybits on August 11, 2015, 11:02:45 AM

This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated

nothing to worry about here hodlers!

Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR.

Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump

I hope so

In addition, I would like to see Poloniex publicizing the margin data, just like bitfinex does with https://bfxdata.com/. This would make things a lot clearer! For instance, we could've made a conclusion if today's dump was a margin call or not.

EDIT: Another dump, now that probably everyone who took a margin long when we significantly went up got margin called, it's time to go up again :-P

mrkavasaki

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hey, sorry for your losses guys Embarrassed

but heads up, there are plenty of other coins that that migh be worth to invest

camu6

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Quote from: thefunkybits on August 11, 2015, 11:39:09 AM

Quote from: dEBRUYNE on August 11, 2015, 11:32:30 AM

Quote from: thefunkybits on August 11, 2015, 11:02:45 AM

This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated

nothing to worry about here hodlers!

Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR.

Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump

smart move to fill the own pockets with cheap xmr!

Now take this as an example.. how easy do you think it will be to recoup those 11k XMR below 0.00235? Near damn impossible in my opinion.

thefunkybits

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Quote from: dEBRUYNE on August 11, 2015, 11:32:30 AM

Quote from: thefunkybits on August 11, 2015, 11:02:45 AM

This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated

nothing to worry about here hodlers!

Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR.

Yeah that's what I mean, someone went stop hunting just below 00235. I'm fairly confident that the wick to 0026 was the bottom of this dump

dEBRUYNE

legendary

Activity: 2268

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Quote from: thefunkybits on August 11, 2015, 11:02:45 AM

This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated

nothing to worry about here hodlers!

Could also be a stoploss being hit. Anyway, trading on margin is very risky in such a volatile market as XMR.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: ?? on ??

link Get up to free 0.5 BTC BONUS with the FREE trial & withdraw it instant to your wallet!

Watch out, malware!

thefunkybits

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This latest dump was the result of a margin hunter. Someone sold about 1000 XMR under 235 and immediately a trigger order of 11000 dumped to market, this was the result of a long position getting stopped out or liquidated

nothing to worry about here hodlers!

MilkyLep

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Bitcoin for all & all for Bitcoin

Traders jumping from coin to coin aren't the most rational. I imagine the ETH hype and volume is stealing some steam.

dreamspark

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Quote from: dreamspark on August 06, 2015, 04:13:13 PM

Quote from: hodlmybtc on August 06, 2015, 04:08:49 PM

Quote from: dreamspark on August 06, 2015, 03:46:25 PM

Quote from: hodlmybtc on August 06, 2015, 03:29:56 PM

The whales aren't done buying yet, relatively safe buy imo.

Agree, still think a bid around 0.0022-0.00235 will get filled though. Pullbacks always happen on spikes like this. I mean there's a guy in the thread telling you his subscribers are selling at 0.0028.

? Anyways 0.0028 isn't a significant level, 0.0267 is tho. Also I don't think many Monero holders will sell much below 0.004.

And I highly doubt that a bid there would get filled, thats the range we broke out of.

I've tried to get some bids filled the whole way up but it's hard, bots/nolifers will instantly place bids a couple satoshis higher than you constantly.

Again I agree its not a significant level, but its what bullbear have targeted normally meaning they will sell off just before.

We will see, I have bids between there and Ive been through enough XMR rallies to know they should be filled.

edit: But as always it could be different this time tm

Well they got filled lol.

Lets see if we bottom here or keep moving down. Ask side still hasn't back filled. Its reasons like this that I still think the coin is mostly mined by botnets. What rational actor who cares about max profit would dump it down like this despite there being no real liquidity in asks rather than hold levels and scale out slowly.

jehst

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21 million. I want them all.

mrkavasaki, you're being immature.

mrkavasaki

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aminorex

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Sine secretum non libertas

that wheat you sold last night? buy it back now. you can close oil shorts if you like, but I won't yet. I went short the long bond last night, BTW. do please remember to roll some gains into xmr on dips.

TrueCryptonaire

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The patterns depends usually on the timeframe.
I dont think xmr is doomed but I simply refuse to fill at these prices. I'll let the people who are in hurry sith their acquisitations.

rangedriver

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Merit: 504

Looks like we're in a holding pattern.

Topic: [XMR] Monero Speculation - page 1798. (Read 3313576 times)