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Topic: [XMR] Monero Speculation - page 1807. (Read 3313576 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 07, 2015, 03:23:21 PM
This increase is nothing compared to what's coming, the market has yet to factor in the new code optimizations and CK will add organic buy pressure, it will be an interesting Q3/Q4 and I'm not even considering additional exchanges adding Monero or a XMR/USD pair Cool


Am I in the minority as someone who has bothered to actually read all the topics about Monero on bitcoin talk, and have downloaded the latest source and compiled it
 
It's amazing how many people out there don't do any due diligence before making investments...  I had to learn this the hard way in years past. 
 
It's one thing to say, "I am into Monero because there is a lot of good buzz and people I trust like it." 
 
It's another to be able to say, "I've given the whole project a thorough look over in all respects and even though I don't understand every bit of code, I can't find any discrepancies and it looks like it has amazing potential."

Bold my emphasis. That is the smart way to invest. By the way did you run benchmarks against the official binaries or was your computer not capable of running the official binaries?
hero member
Activity: 770
Merit: 504
August 07, 2015, 02:35:51 PM
This increase is nothing compared to what's coming, the market has yet to factor in the new code optimizations and CK will add organic buy pressure, it will be an interesting Q3/Q4 and I'm not even considering additional exchanges adding Monero or a XMR/USD pair Cool


Am I in the minority as someone who has bothered to actually read all the topics about Monero on bitcoin talk, and have downloaded the latest source and compiled it? 
 
It's amazing how many people out there don't do any due diligence before making investments...  I had to learn this the hard way in years past. 
 
It's one thing to say, "I am into Monero because there is a lot of good buzz and people I trust like it." 
 
It's another to be able to say, "I've given the whole project a thorough look over in all respects and even though I don't understand every bit of code, I can't find any discrepancies and it looks like it has amazing potential."
sr. member
Activity: 350
Merit: 250
August 07, 2015, 02:31:56 PM
This increase is nothing compared to what's coming, the market has yet to factor in the new code optimizations and CK will add organic buy pressure, it will be an interesting Q3/Q4 and I'm not even considering additional exchanges adding Monero or a XMR/USD pair Cool
full member
Activity: 158
Merit: 100
August 07, 2015, 01:53:00 PM
So warz' wall at 0.002451 is being sold into. Lets see if it holds. If it doesn't next stop on the pullback will be 0.00235 bang on where I predicted yesterday.

While this is certainly possible, there are probably several individuals who missed yesterdays action and are looking to take a position.

I don't believe Mr. Warz would put up a ~ 50? BTC buy order at 0.002451, if there was a realistic chance to accumulate such an amount of xmr at much lower prices in the near future.

While many people sit on the sidelines hoping to get their lowball orders filled, there is a good chance someone is going to buy up a good chunk of the super thin ask side followed by a big buy wall.

I took my position a long time ago and am currently enjoying the show. Game on! May courage be rewarded Wink
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 07, 2015, 01:24:48 PM
so tomorrow is the magical 8.8. - I'm really curious if something will happen and what.  Roll Eyes

I found a copy of tomorrow's script in the hotel printer:

-Otoh (aka King DashHole), jealous of XMR's moon trip and angry about the Dash crash, borrows every available Monero to short

-Otoh's 28k rage dump briefly breeches 0.0023

-XMR is suddenly added to BTC38, in celebration of Lucky Monero Day

-XMR rallies, shorts are squeezed like lemons, price spikes to $8
legendary
Activity: 1092
Merit: 1000
legendary
Activity: 1512
Merit: 1012
Still wild and free
August 07, 2015, 01:02:56 PM
legendary
Activity: 1092
Merit: 1000
August 07, 2015, 12:57:10 PM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.

When Monero is 2000 usd each, you do not care less wether you paid 0.70 usd or 0.60 usd for your Moneros do you.

1-6/7=14% is a pretty heavy chunk.

You are right.
If you are able to acquire 100 000 XMR for 0,70 usd each, it is 116 000 XMR and if XMR costs 2000 usd each in some point in the distant future, the difference is significiant (32 million usd).

However, the challenge is to buy large amounts in quantities at low price as there is competition. For instance, I have been silently accumulating during the bear trend and I am planning to make some bigger accumulation.
newbie
Activity: 9
Merit: 0
August 07, 2015, 12:51:54 PM
so tomorrow is the magical 8.8. - I'm really curious if something will happen and what.  Roll Eyes
legendary
Activity: 1834
Merit: 1019
August 07, 2015, 12:31:00 PM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.

When Monero is 2000 usd each, you do not care less wether you paid 0.70 usd or 0.60 usd for your Moneros do you.

1-6/7=14% is a pretty heavy chunk.
legendary
Activity: 1092
Merit: 1000
August 07, 2015, 12:18:19 PM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.

When Monero is 2000 usd each, you do not care less wether you paid 0.70 usd or 0.60 usd for your Moneros do you.
sr. member
Activity: 379
Merit: 250
August 07, 2015, 11:53:57 AM
BTFD ?
hero member
Activity: 770
Merit: 504
August 07, 2015, 11:43:11 AM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes

Good, I'm glad the price is dropping again, just in time for pay day.
donator
Activity: 1722
Merit: 1036
August 07, 2015, 11:06:20 AM
The low bound of the rising channel is like in .00205 so very good luck to everyone trying to sell his way there and profit out of it!!  Roll Eyes
legendary
Activity: 1218
Merit: 1000
August 07, 2015, 10:49:54 AM
The fact that XMR blew through the resistance at 0026 in one day blows my mind  Roll Eyes

A prolonged dip under 0025 would be ok with me but this breakout may have eaten all of the sell pressure in this range
sr. member
Activity: 289
Merit: 252
bagholder since 2013
August 07, 2015, 10:44:20 AM
ETH listing on polo could affect our pump.
hero member
Activity: 888
Merit: 500
August 07, 2015, 10:25:45 AM
nice pump and dump Smiley
will go back to sub .0019 soon Kiss
hero member
Activity: 798
Merit: 1000
August 07, 2015, 09:30:55 AM
So warz' wall at 0.002451 is being sold into. Lets see if it holds. If it doesn't next stop on the pullback will be 0.00235 bang on where I predicted yesterday.
legendary
Activity: 1105
Merit: 1000
August 07, 2015, 08:38:21 AM
legendary
Activity: 1092
Merit: 1000
August 07, 2015, 08:13:06 AM
My speculation:

If we do not make new ATH during this rally, my speculation is we are now around the bottom of the dump that is followed by this uptrend.
If we make new ATH, the bottom will be most likely significiantly higher than the current level.

Seldom I agree with TC but now is the time. Once 280k is breached to the upside, it will act as a strong support to the downside, catching the bottom. The lowest flashcrashes in this event would be around the current level.

Where is Alanis Morrisette? The level of safety comes after a parabolic rise?  Inconceivable!

Monero is so cheap and still scarce that if it starts getting even 1 serious buyer who wants to invest 100 000 usd the price has to rise. If the price stayed at the same, one would be able to collect a nice collection of Moneros for 100 k. However unfortunately that's impossible to hold it back.
It is time for more stable growth when the price goes beyond 100 or so usd per coin.
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