Topic: [XMR] Monero Speculation - page 1854. (Read 3314350 times)

I find it hard to believe that the dumps during the last month are part of manipulation. There was some case for manipulation during the quick rise (especially from 0.003 to 0.0043) and also with the big dump that broke the support line in 0.0028.

But now? Nah.

It is quite evident that we are sitting on a floor, with dumps quite quickly bought up. If normal market action leads somebody to sell, the pressure continues. If the floor (roughly around 0.0018) breaks, I am not holding my breath to see 0.001 again, but 0.0015 is a possibility.

The leveraged longs are causing some caution, not that I would believe they are prone to be liquidated but some of them might be eager to sell, which is muting the upside.

Also the bid volume is not very robust.

On the other hand, the fiat exchanges are coming online soon, and this will cause upside pressure.

Try with Bitcoinwisdom. 



Waiting 0.0016.

1-day XMR chart shows dumping stalactites going back a month without any chance of buy-back. Pretty much all major dumpages within this period for the purposes of market manipulation has been a failure.

Try with Bitcoinwisdom. 



Waiting 0.0016.

not really.

More dumpity dump??   

LTC!  LTC!  LTC !

Something can have a less than 50% chance of success AND still be a GREAT investment on the basis of EV or expected ROI.

For a simple example if I thought ABC had a 90% chance of being worth zero (100% loss) in 3 years but a 10% chance of gaining 20,000% I would buy a lot of it.

Lack of ANC github activity has caused me to lose hope of any Zerocoin implementation. CryptoNote exists, the future is now. #XMR #BBR

Tweeted to 1000+ followers

wasn't maxwell here because of that?

no seriously, it's sad those comments get burried so fast. but the real discussion about this was/is in the gold collapsing-bitcoin up thread anyway. monero was not mentioned too often, but everyone was thinking about it for sure

i still dont know the truth, i think only a few know. if its really possible to have a real functioning RSSC without telling what goes in an out? how will it be secured? how pegged if at all? so many questions, i better just stay with monero

if tptb_need_war makes an RS coin i will maybe buy some too

Bitcoin - a trojan horse with monero inside

Just let it past the gates and see what happens.

Lack of ANC github activity has caused me to lose hope of any Zerocoin implementation. CryptoNote exists, the future is now. #XMR #BBR

Tweeted to 1000+ followers

You should be agreeing with Risto because Monero is Risto's coin.
I know some people may get offended about my statement but it is the truth largerly and sometimes truth hurts. 

I agree. It is now my favorite alt as well.

I am basically agreeing with some prior comments of rpietila. Something can have a less than 50% chance of success AND still be a GREAT investment on the basis of EV or expected ROI.

For a simple example if I thought ABC had a 90% chance of being worth zero (100% loss) in 3 years but a 10% chance of gaining 20,000% I would buy a lot of it.

Monero is THE altcoin other than bitcoin.

This makes sense. Picking the right coins (that will fill a market need and survive) is infinitely more important than finding the right entry point. 99.9% of alt coins will eventually fail (I believe that) but those that succeed with eventually assume an appropriate money supply for the market they serve.

This is the reason why I care much more about development and innovation than price.

The chance of Monero failing is actually pretty high (this is not meant to be an insult).  I still really like it because the potential reward if it does succeed is so incredible. Cryptonote is the best tech that exists today. Of the cryptonote coins with a fair emission schedule, Monero is the leader in terms of community involvement and development of supporting services. 

It is the "sticky price" phenomenon that has previously manifested itself in "trading ranges". When the price or exchange rate is relatively steady for a longer time (let's say 2 months), the market participants start to "enforce" it in their trades, refusing to buy higher or sell lower.

With BTC, we had the original electricity cost era of <$0.01, then the $1 before the bubble in 2011, the next one was at $5 and then about $10 later in 2012, then some at $120 in 2013, and now $220ish. Each time the price held its ground a "long" time after fundamentals already warranted a rise, and when the rise finally began, it often overshoot.

The trading range I originally prescribed to Monero in May 2014, was BTC0.002-0.004. The prediction was not bad at all, if you look at the reality during the year. Now we are at the lower end of the range, with a project that is still alive with all the major contributors.

Trading ranges with sticky prices tend to make people incredibly myopic - they start to seriously regard 0.0017 as cheap and 0.0023 as expensive. The logarithmic nature of price increase is all but forgotten, until it happens, taking all by surprise.

Both 0.0017, 0.0023, 0.01 and even 0.1 are cheap if Monero makes it. (If it does not, there is no difference how many monero you have in your bag which is worth $0 anyway.)

Yes it is summer and the mood in the markets is according. I don't forecast a quick rise in price before new money comes. There are some signs of price stickiness around

It is the "sticky price" phenomenon that has previously manifested itself in "trading ranges". When the price or exchange rate is relatively steady for a longer time (let's say 2 months), the market participants start to "enforce" it in their trades, refusing to buy higher or sell lower.

With BTC, we had the original electricity cost era of <$0.01, then the $1 before the bubble in 2011, the next one was at $5 and then about $10 later in 2012, then some at $120 in 2013, and now $220ish. Each time the price held its ground a "long" time after fundamentals already warranted a rise, and when the rise finally began, it often overshoot.

The trading range I originally prescribed to Monero in May 2014, was BTC0.002-0.004. The prediction was not bad at all, if you look at the reality during the year. Now we are at the lower end of the range, with a project that is still alive with all the major contributors.

Trading ranges with sticky prices tend to make people incredibly myopic - they start to seriously regard 0.0017 as cheap and 0.0023 as expensive. The logarithmic nature of price increase is all but forgotten, until it happens, taking all by surprise.

Both 0.0017, 0.0023, 0.01 and even 0.1 are cheap if Monero makes it. (If it does not, there is no difference how many monero you have in your bag which is worth $0 anyway.)

Yes it is summer and the mood in the markets is according. I don't forecast a quick rise in price before new money comes. There are some signs of price stickiness around