Topic: [XMR] Monero Speculation - page 1909. (Read 3313485 times)

Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

are you the r/bitcoin legend?

good to have you on board anyway

Yeah, it'd be cool to have the r/bitcoin americanpegasus on board if this is him.

Yeah, it's me. Check www.reddit.com/r/americanpegasus for proof.

I just moved 25% of my bitcoin holdings into Monero. So don't get excited about today's little jump; that's was mainly me, not dollar-cost-averaging and just buying all at once. I'll ride the ride for at least 12 months or so (likely much longer), so I'm not too worried about entry price.

The name is still really silly (and you won't change my mind on that), but the technology and passion of the devs can't be matched. I'm a believer.

Now, have we reached $1 parity yet? Did I miss that party? I can honestly see XMR hitting $50 during the next crypto-bubble (which should be developing over the coming 24 to 36 months).

Just curious: what about the name is silly to you? What are examples of names of money that you like?

As for price, XMR was as high as $5 last summer.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: americanpegasus on May 13, 2015, 05:07:49 PM

Quote from: mmortal03 on May 13, 2015, 04:57:00 PM

Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

are you the r/bitcoin legend?

good to have you on board anyway

Yeah, it'd be cool to have the r/bitcoin americanpegasus on board if this is him.

Yeah, it's me. Check www.reddit.com/r/americanpegasus for proof.

I just moved 25% of my bitcoin holdings into Monero. So don't get excited about today's little jump; that's was mainly me, not dollar-cost-averaging and just buying all at once. I'll ride the ride for at least 12 months or so (likely much longer), so I'm not too worried about entry price.

The name is still really silly (and you won't change my mind on that), but the technology and passion of the devs can't be matched. I'm a believer.

Now, have we reached $1 parity yet? Did I miss that party? I can honestly see XMR hitting $50 during the next crypto-bubble (which should be developing over the coming 24 to 36 months).

there was a brief flirt with 1$ parity, but it didn't hold.

welcome to the party. Hang on to your butt - its bumpy!

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: mmortal03 on May 13, 2015, 04:57:00 PM

Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

are you the r/bitcoin legend?

good to have you on board anyway

Yeah, it'd be cool to have the r/bitcoin americanpegasus on board if this is him.

Yeah, it's me. Check www.reddit.com/r/americanpegasus for proof.

I just moved 25% of my bitcoin holdings into Monero. So don't get excited about today's little jump; that's was mainly me, not dollar-cost-averaging and just buying all at once. I'll ride the ride for at least 12 months or so (likely much longer), so I'm not too worried about entry price.

The name is still really silly (and you won't change my mind on that), but the technology and passion of the devs can't be matched. I'm a believer.

Now, have we reached $1 parity yet? Did I miss that party? I can honestly see XMR hitting $50 during the next crypto-bubble (which should be developing over the coming 24 to 36 months).

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: camu6 on May 13, 2015, 04:51:07 PM

This may or may not be the bottom. But accumulation of a reasonable amount of moneroj below 0.002 seems to be near impossible these days. As soon as people realise this, they will be forced to re-enter at current market prices bringing us upwards.

Agree. The recent brief move up to 0.0024 was on very little volume. There are not a lot of coins available to buy near the market right now.

mmortal03

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Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

are you the r/bitcoin legend?

good to have you on board anyway

Yeah, it'd be cool to have the r/bitcoin americanpegasus on board if this is him.

camu6

full member

Activity: 158

Merit: 100

This may or may not be the bottom. But accumulation of a reasonable amount of moneroj below 0.002 seems to be near impossible these days. As soon as people realise this, they will be forced to re-enter at current market prices bringing us upwards.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

are you the r/bitcoin legend?

good to have you on board anyway

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: americanpegasus on May 13, 2015, 03:18:19 PM

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

Monero is anonymous bitcoin. litecoin is not very well at present.

americanpegasus

hero member

Activity: 770

Merit: 504

So I'm gonna take a position in Monero.

I like it, and I think it will become the new "litecoin".

If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx. Cheesy

cAPSLOCK

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Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: slapper on May 13, 2015, 01:49:46 PM

Quote from: GingerAle on May 13, 2015, 12:20:32 PM

Welp, glad I provided a laugh. I guess "downward pressure" would have been a better phraseology, but I get your point.

But counter that, u say 250k coins dumped... i did a recent estimate that 500k coins were emitted since the peak, so your 250 is roughly half of that, and the network hashrate seemed to peek at 17-18... but its now at 14. Its been bouncy recently though. I think I saw 11 again at one point.

But completely disregard my speculations. I don't even know why I pop up in here. Mainly because the ANN thread gets slow sometimes.

If going back to recent highs of March(0.0043?), around 1.5 million coins have been dumped since then. Mined coins during this time is closer to 500k as you noted. You are trying to explain a dump of that proportion to a 15% hash rate increase for a few days from new miners who eventually dumped. It is just not the case. It is poker, on a daily basis. You just have to learn their tells Wink

So. This is the way a market works. Speculators are churning these numbers all the time. When you say 1.5MM coins dumped then you have to say that also means 1.5MM coins bought. Why are you mad about a liquid market. I am glad there are both buyers and sellers. Your opinion seems to be these 1.5MM coins have been sold by "old bitcoin hands" into bag holders. That implies a fairly polarized view of who is trading here. Evil geniuses and idiots.

If there is a conspiracy please shed more light on it for us.

slapper

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Leading Crypto Sports Betting & Casino Platform

Quote from: GingerAle on May 13, 2015, 12:20:32 PM

Welp, glad I provided a laugh. I guess "downward pressure" would have been a better phraseology, but I get your point.

But counter that, u say 250k coins dumped... i did a recent estimate that 500k coins were emitted since the peak, so your 250 is roughly half of that, and the network hashrate seemed to peek at 17-18... but its now at 14. Its been bouncy recently though. I think I saw 11 again at one point.

But completely disregard my speculations. I don't even know why I pop up in here. Mainly because the ANN thread gets slow sometimes.

If going back to recent highs of March(0.0043?), around 1.5 million coins have been dumped since then. Mined coins during this time is closer to 500k as you noted. You are trying to explain a dump of that proportion to a 15% hash rate increase for a few days from new miners who eventually dumped. It is just not the case. It is poker, on a daily basis. You just have to learn their tells Wink

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: darlidada on May 13, 2015, 11:21:00 AM

Quote from: slapper on May 13, 2015, 09:38:15 AM

Quote from: GingerAle on May 13, 2015, 07:15:15 AM

Quote from: slapper on May 13, 2015, 09:38:15 AM

I decided that it was time for me to get some more and bought the dip of 0.0019 with my play money. I could certainly buy some more but decided to wait and see how the pressure is forming around here. In any case I foresee this area is the new bottom...

indeed, I bought also a nice chunk around 0.002. it was a long time since I bought this much. (bought a little around 0.0028-0.003 too)

My theory regarding the recent price movement is that after the recent high, we saw the increase in network hashrate - more miners coming online. I figure those that come online during these uptrends are looking for a buck, as opposed to those that mine in the < .002 range. Looks like these miners cashed out.

LMAO. Should be added to "lies bagholders tell themselves" thread. There were upwards of 250k coins dumped since the rise. They were dumped by those who were questioning the dumps in these threads and are being bought back again by those same people for profits and extending their Monero positions, some of them are the same people who are now claiming :"I bought MOAR". One of them even claimed they had to dump because they wanted some money in the short term (large holder) and after a few days were asking "why is the price going down?" LOL

Sure a few "new" miners dumped but that delta for the hash rate doesn't explain the volume of coins dumped. These are old Bitcoin hands everyone will deal with in this coin.

care to explain about old bitcoin hands? it seems more obvious for you than for the rest of us

Welp, glad I provided a laugh. I guess "downward pressure" would have been a better phraseology, but I get your point.

But counter that, u say 250k coins dumped... i did a recent estimate that 500k coins were emitted since the peak, so your 250 is roughly half of that, and the network hashrate seemed to peek at 17-18... but its now at 14. Its been bouncy recently though. I think I saw 11 again at one point.

But completely disregard my speculations. I don't even know why I pop up in here. Mainly because the ANN thread gets slow sometimes.

darlidada

hero member

Activity: 723

Merit: 503

Quote from: GingerAle on May 13, 2015, 07:15:15 AM

Quote from: GingerAle on May 13, 2015, 07:15:15 AM

I decided that it was time for me to get some more and bought the dip of 0.0019 with my play money. I could certainly buy some more but decided to wait and see how the pressure is forming around here. In any case I foresee this area is the new bottom...

indeed, I bought also a nice chunk around 0.002. it was a long time since I bought this much. (bought a little around 0.0028-0.003 too)

My theory regarding the recent price movement is that after the recent high, we saw the increase in network hashrate - more miners coming online. I figure those that come online during these uptrends are looking for a buck, as opposed to those that mine in the < .002 range. Looks like these miners cashed out.

LMAO. Should be added to "lies bagholders tell themselves" thread. There were upwards of 250k coins dumped since the rise. They were dumped by those who were questioning the dumps in these threads and are being bought back again by those same people for profits and extending their Monero positions, some of them are the same people who are now claiming :"I bought MOAR". One of them even claimed they had to dump because they wanted some money in the short term (large holder) and after a few days were asking "why is the price going down?" LOL

Sure a few "new" miners dumped but that delta for the hash rate doesn't explain the volume of coins dumped. These are old Bitcoin hands everyone will deal with in this coin.

care to explain about old bitcoin hands? it seems more obvious for you than for the rest of us

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

I decided that it was time for me to get some more and bought the dip of 0.0019 with my play money. I could certainly buy some more but decided to wait and see how the pressure is forming around here. In any case I foresee this area is the new bottom...

indeed, I bought also a nice chunk around 0.002. it was a long time since I bought this much. (bought a little around 0.0028-0.003 too)

My theory regarding the recent price movement is that after the recent high, we saw the increase in network hashrate - more miners coming online. I figure those that come online during these uptrends are looking for a buck, as opposed to those that mine in the < .002 range. Looks like these miners cashed out.

LMAO. Should be added to "lies bagholders tell themselves" thread. There were upwards of 250k coins dumped since the rise. They were dumped by those who were questioning the dumps in these threads and are being bought back again by those same people for profits and extending their Monero positions, some of them are the same people who are now claiming :"I bought MOAR". One of them even claimed they had to dump because they wanted some money in the short term (large holder) and after a few days were asking "why is the price going down?" LOL

Sure a few "new" miners dumped but that delta for the hash rate doesn't explain the volume of coins dumped. These are old Bitcoin hands everyone will deal with in this coin.

GingerAle

legendary

Activity: 1260

Merit: 1008

I decided that it was time for me to get some more and bought the dip of 0.0019 with my play money. I could certainly buy some more but decided to wait and see how the pressure is forming around here. In any case I foresee this area is the new bottom...

indeed, I bought also a nice chunk around 0.002. it was a long time since I bought this much. (bought a little around 0.0028-0.003 too)

My theory regarding the recent price movement is that after the recent high, we saw the increase in network hashrate - more miners coming online. I figure those that come online during these uptrends are looking for a buck, as opposed to those that mine in the < .002 range. Looks like these miners cashed out.

dnaleor

legendary

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Merit: 1000

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